Stock Market: Trade Setup for Tuesday(Dec 29, 2020)

Top 10 things to know before Opening Bell

Smriti Singh

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Dstreet Games

8 min readDec 28, 2020

Global Indices

American Indices

Europe Indices

European markets are higher today as French and German shares show gains. The CAC 40 is up 0.10% while the DAX is up 1.50%. The British FTSE 100 is closed.

Asian Indices

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.74% and the Shanghai Composite rose 0.02%. The Hang Seng lost 0.27%.

Indian Indices

NSE

BSE

The BSE Sensex was up 380.21 points or 0.81% at 47,353.75, and the Nifty was up 123.90 points or 0.90% at 13,873.20.
On the broader markets front, the S&P BSE midcap index closed with gains of 0.8 percent, while the smallcap index was up 1.4 percent.

Indian Sector Indices

NSE

BSE

Sectorally, action was seen in realty, metals, consumer durables, public sector, Bankex and capital goods stocks.
The Nifty Metal index and PSU Bank rose more than 2 percent and Nifty Bank index added 1 percent, while some selling was seen in pharma names.

Top Gainers & Losers

Gainers

Losers

Tata Motors, JSW Steel, HDFC Life, Titan and SBI Life Insurance were among major gainers on the Nifty, while losers were Sun Pharma, HUL, Shree Cements, Britannia Industries and Cipla.

ADR’s and FII/DII data

ADR

Cash FII/DII

F&O FII/DII (Index)

F&O FII/DII (Stocks)

Ahead of Market

Adani International Container Terminal raises $300 million via bonds to refinance debt

Adani International Container Terminal Pvt Ltd (AICTPL), a joint venture between Adani Ports and Special Economic Zone and Terminal Investment, has raised $300 million by issuing bonds to international investors. This was the first bond issuance by the JV which was over-subscribed by about 10 times on the back of large participation from marquee real money investors. The fund raised via bonds proceeds will be used to refinance the existing debt of AICTPL.

The ten-year bonds were sold at a fixed coupon rate of 3 per cent, which was also the lowest coupon achieved by any corporate Indian issuer in the last 5 years, Adani Ports and Special Economic Zone Ltd (APSEZ) said in a regulatory filing.

Barclays, Citigroup, DBS Bank, MUFG, and Standard Chartered were global coordinators, book-runners, and lead managers.

AICTPL is a container terminal operating company based out of Mundra, having an annual capacity of handling over 3.1 million TEUs (twenty-foot equivalent unit).

Alibaba Group increases share repurchase programme to $10 billion

Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company’s share repurchase programme to $10 billion from $6 billion.

“This Share Repurchase Program will be effective for a two-year period through the end of 2022,” Alibaba said in a statement late on Sunday.

DLF’s rental arm to acquire Hines stake in Gurugram project for Rs 780 crore

Realty major DLF on Friday said its rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore. DLF Cyber City Developers Ltd (DCCDL), the joint venture firm of DLF and Singapore’s sovereign wealth fund GIC, has entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf Real Estate, which owns and operates ‘One Horizon Center’.

This deal included sale of 33.34 per cent stake in the DCCDL to GIC for about Rs 9,000 crore and buyback of remaining shares worth about Rs 3,000 crore by DCCDL.

DLF holds 66.66 per cent stake in DCCDL while GIC has the rest. DCCDL had reported a 15 per cent rise in its rental income last fiscal at Rs 3,006 crore on strong demand for quality office and retail spaces.

RIL to acquire 50% stake in its sports arm IMG-R, rebrand as Reliance

Billionaire Mukesh Ambani-led Reliance Industries will acquire 50 per cent shares held by IMG Singapore Pte. in IMG-Reliance (IMG-R), for a cash consideration not exceeding Rs 52.08 crore. Post completion of acquisition, RIL will rebrand sports and fashion joint venture IMG-R as its completely owned subsidiary.

Mumbai-based IMG-R is a joint venture between RIL and IMG Worldwide to develop a platform for promotion and marketing of sports, entertainment and fashion in India. IMG Singapore Pte., a wholly owned subsidiary of IMG, holds 50 per cent stake in IMG-R.

IMG, originally known as the International Management Group, is a global sports, events and talent management company headquartered in New York.

The sports arm of RIL, IMG-Reliance, had reported a turnover of Rs 181.70 crore (including GST of Rs 25.79 crore) and net profit of Rs 16.35 crore in the financial year 2019–20. For FY19 and FY18, the company had a turnover of Rs 195.55 crore and Rs 158.26 crore, respectively, while net profit stood at Rs 19.25 crore and Rs 15.82 crore, respectively.

Stock Market Highlights

the stocks held by Rakesh Jhunjhunwala rose 52% in four sessions, hit all-time high today

Share of Firstsource Solutions rose to an all-time high today after the share climbed nearly 20% on BSE. Firstsource Solutions share rose to an intraday high of Rs 110.25, climbing 19.97% over previous closing price of Rs 91.90. Firstsource Solutions forms part of Big Bull Rakesh Jhunjhunwala’s portfolio. Jhunjhunwala held 2.88 per cent stake, or 2 crore shares, in Firstsource Solutions as on September 30, 2020, as per the shareholding pattern data available on the BSE.

Jhunjhunwala held 2.88% or 2 crore shares of the firm for the quarter ended June. He raised his stake in the June quarter after the stock fell due to coronavirus pandemic. Jhunjhunwala held 1.43 crore shares or 2.06% stake in the March quarter. Jhunjhunwala first bought 2.5 crore shares representing 3.8% stake in the company in July 2013.

Meanwhile, the stock has gained 52.41% in the last 4 days. Firstsource Solutions share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 166% since the beginning of this year and risen 170% in one year. In a month, the share has gained 37.36%.

Market cap of the firm rose to Rs 7,352 crore on BSE. Later, the share closed 18.82% higher at Rs 109.20.

DLF share rises 5% as arm to acquire Hines’ stake in One Horizon Centre

DLF share price rose over 5% today after the real estate player said it was buying a 51.8 percent stake in Fairleaf for Rs 780 crore. DLF stock touched an intraday high of Rs 239, rising 5.71% on BSE. Market cap of the firm rose to Rs 58,157 crore on BSE.

The realty stock opened with a gain of 3.94% at Rs 235 against previous close of Rs 226.10 on BSE.

DLF share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 1% in one year and risen 1.8% since the beginning of this year.

In a month, the realty share has risen 25.65%.

Tata Motors share price rises 4% as CLSA maintains buy call

Tata Motors stock rose over 4% today after global research firm CLSA maintained a buy call on the stock with a target price of Rs 220 per share. Share price of Tata Motors gained up to 4.57% to Rs 183.95 against previous close of Rs 175.90 on BSE. Market cap of the firm rose to Rs 56,636 crore.

Tata Motors share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 4.15% in one year and lost 1% since the beginning of this year.The brokerage said the EU-UK ‘Deal’ removes key overhang. EU-UK agreement allows free trade of goods which removes a potential risk for JLR..

Meanwhile, Tata Motors has announced an increase in commercial vehicle prices from January 2021, citing rise in material and other input costs. Without specifying the range of the price hike, Tata Motors said that actual change in price will depend on individual model, variant and fuel type.

TCS share hits all-time high, market cap crosses Rs 11 lakh crore

TCS share price hit all-time high today after the share rose over 1% on an intra day basis. The IT stock climbed up to 1.42% to Rs 2,949.40 taking the market cap of the firm above Rs 11 lakh crore mark for the first time. The market cap rose to Rs 11.02 lakh crore.

Later, the share closed 0.68% or Rs 19.80 higher at Rs 2,928 on BSE.

The stock has gained 4% in the last 4 days. TCS share trades higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The large cap stock has gained 33.29% in one year and risen 35.56% since the beginning of this year.

In a month, the stock has climbed 9.36%.

The share has gained Rs 1,445.0 or 96.08% from its 52 week low of Rs 1,504.40 on BSE.

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