Market ended with marginal losses after failure to cross above 19600 while India VIX confirmed a breakout after closing above the 11% mark. Both USDINR and Brent Crude rise pose a major risk to the Indian markets with Brent Crude positioned to hit USD 100 a bbl in the next few days. We expect selling pressure to aggravate further if Nifty sustains below 19600 with short term target seen at 18,200.
S&P Dollex 30 ( i.e. Sensex in USD terms)
Positive Read through
- Coal India posted Q1 results beat estimates, margin came at 29.22 Pct vs 23.6 Pct YoY
- Lupin gets US FDA approval for Fluocinolone Acetonide Oil
- Siemens Q3 largely in-line with estimates, margins came at 11.6 Pct vs 9.7 Pct YoY
- Data Patterns EBITDA, sales up by 31.1 Pct, profit rises by 86 Pct YoY
- Minda Corp PHI Cap sells entire 4.9 Pct stake via block, sg, ICICI Pru buyers
- Oil India’s reported margin at 50.1 Pct vs 41 Pct,EBITDA stood flat QoQ
- Birla Corp EBITDA up by 15 Pct, margin stood at 12.4 Pct vs 11.8 Pct YoY
- Ganesha Eco Mcap India Fund sells entire 3.5 Pct via block, BNP Paribas buyers
- 360 One General Atlantic Singapore sells 39.4 lk shares at Rs’500/sh via block
- Bikaji Foods Lighthouse India sells 35 lk shares at Rs. 480/sh via block
- Inox Wind promoter sells 14 mn shares at `208/sh via block
- Phoenix Mills EBITDA increased by 52 Pct, margin came at 61 Pct vs 56 Pct YoY
- Hikal reported margin at 1.4 Pct vs 0.5 Pct, sales up by 2.4 Pct YoY
- Suven Pharma EBITDA rises by 10.7 Pct, margin came at 48.1 Pct vs 44.5 Pct YoY
Negative Read through
- ICICI Lombard’s EBITDA up by 10.7 Pct, margin stood at 48.1 Pct vs 44.5 Pct YoY
- Aarti Industries EBITDA down by 29 Pct, margin came at 14.2 Pct vs 17.5 Pct YoY
- Happiest Minds posted margin at 23 Pct vs 24.4 Pct, EBITDA down by 3 Pct QoQ
- Brigade Ent EBITDA down by 24.9 Pct, sales declined by 27.5 Pct YoY
- Gujarat Alkalies EBITDA down by 85.7 Pct, reports net loss vs profit YoY
- Utkrsh Small Finance Bank’s reported NIM at 9.2 Pct vs vs 9.4 Pct, other income up 32.9 Pct QoQ
- Ideaforge’s EBITDA down by 48.3 Pct, margin at 29.4 Pct vs 55.5 Pct YoY
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