Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.
U.S. stocks were higher after the close on Thursday, as gains in the Basic Materials, Telecoms and Industrials sectors led shares higher.
Asian shares inched closer to their record 2007 peak on Friday as U.S. jobs data pointed to firm economic growth although the greenback was soft as the spectre of benign inflation capped domestic bond yields.
Market is expected to open on positive note and likely to witness range bound session
JSW energy Subsidiary JSW Solar to Pursue business opportunity in renewable energy space, energy Storage space Micro Grid etc.
Varun Beverage and PepsiCo India decided to enter into partnership for Tropicana in Territories of North and East India Aarti Drugs Ltd has informed BSE that a meeting of Board of Directors of the Company is scheduled to be held on January 08, 2018, to consider inter alia, proposal of buyback of the fully paid-up equity shares of the Company including matters related/incidental thereto.
NIIT acquires Eagle Productivity Solutions for USD 8.1 million.
Idea plans to raise a total of Rs 6,750 crore ahead of its merger with Vodafone India to pare debt and free up cash for expansion. The first tranche of Rs 3,250 crore will come from Aditya Birla Group via a preferential share issue, making it the first promoter fund infusion since it went public in 2007.
Samvardhana Motherson International Ltd (SAMIL), the holding firm of auto component major Samvardhana Motherson Group, has acquired 100% stake in MS Global India Pvt. Ltd (MSGI) from Korea-based MS Group.
Jaypee aims to complete 24K flats by 2020 at Rs 8,000 crore cost Govt is said to consider 7.5% tariff on imported solar panels India's biggest state-owned banks are likely to get Rs 80,000 crore of fresh capital this fiscal year after the government sought Parliament's nod for additional spending toward the infusion.
Institutional Desk - Banking Sector- 3QFY18 Result Preview- IBC-linked Provisions a Key Differentiator For The Rest Of FY18: The quantum of credit exposure to the Reserve Bank of India or RBI’s first list (top 12) and second list (next 28) of stressed borrowers and provision on such exposure will be a key differentiator in provisioning required for key corporate-focused banks for the remainder of FY18. In this regard, we note that while Axis Bank, State Bank of India (SBI) and Punjab National Bank (PNB) have reasonable provision coverage on the entities in the RBI’s twin lists, ICICI Bank and Bank of Baroda (BoB) are lagging behind in this regard. Further we note that asset-retailised banks (HDFC Bank, IndusInd Bank), Yes Bank and Federal Bank are expected to post strong organic balance sheet growth in 3QFY18E, leading to higher profitability. Another key trend is soft treasury profits on the investment book. For non-banking financial companies or NBFCs, the impact of higher cost of market borrowing will be cushioned by lower re-pricing of legacy long-dated borrowing.
Institutional Desk - FMCG Sector- 3QFY18 Result Preview- Encouraging Growth Trends To Continue: We expect the growth momentum in our Home and Personal care (HPC) coverage universe to continue in 3QFY18 as well and expect to report a top-line growth of 11% YoY. The favourable base because of demonetisation in the same period last year, stabilisation of trade channels after Goods and Services Tax or GST implementation and early signs of recovery in rural markets are likely to be some key growth drivers. On margins front, almost all companies are likely to report an expansion because of strong cost control measures, but select players like Hindustan Unilever (HUL) and Gillette India will be additionally benefitted because of strong premiumisation play. Overall, we expect our coverage universe to report operating profit growth of 25% and earnings growth of 19% for the quarter YoY.
U.S. stocks were higher after the close on Thursday, as gains in the Basic Materials, Telecoms and Industrials sectors led shares higher.
Dow
|
Dow Futures
|
Hangseng
|
Nikkei
|
SGX Nifty
|
25075.1
|
25073.0
|
30725.2
|
23547.8
|
10545.0
|
+152.5
|
+20.0
|
-11.3
|
+41.4
|
+12.5
|
+0.61%
|
+0.08%
|
-0.04%
|
+0.18%
|
+0.12%
|
Asian shares inched closer to their record 2007 peak on Friday as U.S. jobs data pointed to firm economic growth although the greenback was soft as the spectre of benign inflation capped domestic bond yields.
Market is expected to open on positive note and likely to witness range bound session
JSW energy Subsidiary JSW Solar to Pursue business opportunity in renewable energy space, energy Storage space Micro Grid etc.
Varun Beverage and PepsiCo India decided to enter into partnership for Tropicana in Territories of North and East India Aarti Drugs Ltd has informed BSE that a meeting of Board of Directors of the Company is scheduled to be held on January 08, 2018, to consider inter alia, proposal of buyback of the fully paid-up equity shares of the Company including matters related/incidental thereto.
NIIT acquires Eagle Productivity Solutions for USD 8.1 million.
Idea plans to raise a total of Rs 6,750 crore ahead of its merger with Vodafone India to pare debt and free up cash for expansion. The first tranche of Rs 3,250 crore will come from Aditya Birla Group via a preferential share issue, making it the first promoter fund infusion since it went public in 2007.
Samvardhana Motherson International Ltd (SAMIL), the holding firm of auto component major Samvardhana Motherson Group, has acquired 100% stake in MS Global India Pvt. Ltd (MSGI) from Korea-based MS Group.
Jaypee aims to complete 24K flats by 2020 at Rs 8,000 crore cost Govt is said to consider 7.5% tariff on imported solar panels India's biggest state-owned banks are likely to get Rs 80,000 crore of fresh capital this fiscal year after the government sought Parliament's nod for additional spending toward the infusion.
Institutional Desk - Banking Sector- 3QFY18 Result Preview- IBC-linked Provisions a Key Differentiator For The Rest Of FY18: The quantum of credit exposure to the Reserve Bank of India or RBI’s first list (top 12) and second list (next 28) of stressed borrowers and provision on such exposure will be a key differentiator in provisioning required for key corporate-focused banks for the remainder of FY18. In this regard, we note that while Axis Bank, State Bank of India (SBI) and Punjab National Bank (PNB) have reasonable provision coverage on the entities in the RBI’s twin lists, ICICI Bank and Bank of Baroda (BoB) are lagging behind in this regard. Further we note that asset-retailised banks (HDFC Bank, IndusInd Bank), Yes Bank and Federal Bank are expected to post strong organic balance sheet growth in 3QFY18E, leading to higher profitability. Another key trend is soft treasury profits on the investment book. For non-banking financial companies or NBFCs, the impact of higher cost of market borrowing will be cushioned by lower re-pricing of legacy long-dated borrowing.
Institutional Desk - FMCG Sector- 3QFY18 Result Preview- Encouraging Growth Trends To Continue: We expect the growth momentum in our Home and Personal care (HPC) coverage universe to continue in 3QFY18 as well and expect to report a top-line growth of 11% YoY. The favourable base because of demonetisation in the same period last year, stabilisation of trade channels after Goods and Services Tax or GST implementation and early signs of recovery in rural markets are likely to be some key growth drivers. On margins front, almost all companies are likely to report an expansion because of strong cost control measures, but select players like Hindustan Unilever (HUL) and Gillette India will be additionally benefitted because of strong premiumisation play. Overall, we expect our coverage universe to report operating profit growth of 25% and earnings growth of 19% for the quarter YoY.
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