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MARKET COMMENTARY

( As on Jan-18-2021 08:40 )

Indian markets are expected to start the day on a feeble note on Monday amid sell-off in global markets.

Among individual stocks, investors would first react to HDFC Bank's Q3FY21 results, released over the weekend. India’s largest private sector lender HDFC Bank has recorded an 18 per cent rise in net profit at Rs 8,758.3 crore in the December quarter of the current fiscal year (Q3FY21), driven by robust growth in net interest income and other income.

That apart, market participants will also keep tracking latest developments and trends on the Covid-19 pandemic front, especially the pace of the vaccine rollout programme that kicked off on January 16 in the country and for signs of any adverse reactions from the vaccine.

Further, the three-day initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) will open today, and will culminate on Wednesday, January 20.

On the result front, Mindtree, IndiaMart, Rallis India and 18 other companies will release their Q3 numbers today.

On Friday, the 30-share benchmark index ended at 49034.67 down by -549.49 points or by -1.11 % and then NSE Nifty was at 14433.7 down by -161.9 points or by -1.11 %.

On the global front, Asian share markets retreated from highs on Monday as disappointing news on US consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.3% having hit a string of record peaks in recent weeks. Japan’s Nikkei slipped 1% and away from a 30-year high. E-Mini futures for the S&P 500 dipped 0.3%, though Wall Street will be closed on Monday for Martin Luther King Jr. holiday.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 250038029.00, ITC Ltd. 58321158.00, Bharti Airtel Ltd. 56392307.00, GAIL (India) Ltd. 37787540.00, State Bank of India 35307601.00,

On NSE, total number of shares traded was 46.32 Crore and total turnover stood at Rs. 75229.19 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 409861 with a total turnover of Rs. 38786.84 Crore. Along with this total number of contracts traded in stock futures were 920211 with a total turnover of Rs. 82647.93 Crore. Total numbers of contracts for index options were 20996533 with a total turnover of Rs. 1972009.44 Crore. and total numbers of contracts for stock options were 1955065 with a total turnover of Rs. 182211.77 Crore.

The FIIs on 15/01/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 10739.46 Crore and gross debt purchased stood at Rs. 621.12 Crore, while the gross equity sold stood at Rs. 9127.74 Crore and gross debt sold stood at Rs. 950.37 Crore. Therefore, the net investment of equity and debt reported were Rs. 1611.72 Crore and Rs. -329.25