FIIs have sold Rs 11,761 cr in the last 13 sessions. Pre-Market Report: 13, Jul 2021

Good Morning Everyone! I consider each day that we get in our life a gift of God to do something exciting and if we decide to do something, we should do it now, because, no one has control over what will happen tomorrow. Well just felt like sharing with all of you as I always share my thoughts.


Yesterday Nifty opened with a gap up as usual saw profit booking from the FII's in the second half of the session and finally closed slightly above 15700, which could be a hint that bulls are still not weak. Do read about it in yesterday's post-market report. Click here to read it if you have not read it yet.


Global Market:


US markets continued their rally to record highs again yesterday as this is the season of Quarterly results announcements for major companies. Dow Jones Industrial Average was up 67.40 points, or 0.19%, at 34,937.56, the S&P 500 was up 8.20 points, or 0.19%, at 4,377.75 and the Nasdaq Composite was up 10.22 points, or 0.07%, at 14,712.14.


Shares in Asia-Pacific were higher in this morning's trade as investors awaited the release of China's trade data for June.


The Nikkei 225 in Japan gained 0.75% in morning trade while the Topix index advanced 0.72%. South Korea's Kospi climbed 0.6%


Indian Market:


Trends on the SGX Nifty suggest yet another gap-up start to the day in India today and might open around 15800. Yesterday, the Nifty heavyweights like Reliance, HDFC Bank & TCS were weak and could see the fall yesterday. But TCS & Reliance seems to have taken support. If so, we can see some up move again, but 15900 still will continue to be a tough nut to crack.


What is your opinion on Infosys results that will be announced on Wednesday evening? do comment your views below this page. Can Infy results take the consolidating IT sector higher?


Private equity investment inflows into the real estate sector stood at $2.7 billion during the first half but the second quarter of 2021 saw an investment of $865 million which is a 54 percent decline from the previous quarter, as per the latest report by Savills India, a global property consultancy firm. This could be mainly because the commercial office space business has been in trouble due to the work-from-home culture.


Results Today:


Mindtree, Tata Metaliks, Deccan Health Care, Gagan Gases, Shree Ganesh Remedies, TPI India, and WS Industries will release quarterly earnings on July 13.


FII and DII data


Foreign institutional investors (FIIs) net sold shares worth Rs 745.97 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 447.42 crore in the Indian equity market on July 12. FIIs have sold Rs 11,761 cr in the last 13 sessions, imagine the day they start investing again in the Indian market what can happen with such a huge fund flow.


Stock Specific News:


Telecom Stocks | Reliance Jio added 4.7 million users in April and its subscriber base swelled to 427.6 million. Vodafone Idea lost 1.8 million users and its subscriber base shrunk to 281.9 million in April, while Bharti Airtel added 0.51 million wireless customers and its user base rose marginally to 352.9 million, as per latest TRAI data.


Reliance Industries | The company has incorporated wholly-owned subsidiary ‘Reliance New Energy Solar’ with an investment of Rs 1 lakh to undertake activities relating to solar energy.


ONGC | The Competition Commission of India (CCI) has approved the acquisition of a 23.5 percent equity stake in ONGC Tripura Power Company by Summit India (Tripura).


FDC | The company launched India’s first oral suspension of Favipiravir – Favenza oral suspension, used to treat mild to moderate cases of Covid-19.


Sunteck Realty | The company’s pre-sales grew by 74 percent YoY in Q1FY22 to Rs 176 crore, and collections grew by 165 percent YoY to Rs 172 crore.


Aegis Logistics | The company has formed a joint venture with Vopak named Aegis Vopak Terminals Ltd for LPG and chemical terminals in India.


HFCL | The company’s Q1FY22 consolidated net profit jumped to Rs 90.69 crore from Rs 21.34 crore, while revenue increased 72.46 percent to Rs 1,206.87 crore from Rs 699.76 crore, YoY.


Shilpa Medicare | The company approved the transfer of API business consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly-owned subsidiary of the company.


Shipping Corporation of India | The disinvestment-bound company has opened the virtual data room for potential bidders.


LIC Housing Finance | ICICI Prudential Asset Management Company Ltd sold 194,291 equity shares (0.04 percent stake) in the company, reducing shareholding to 3.01 percent from 3.05 percent.


ISMT | The company’s consolidated loss in Q4FY21 widened to Rs 112.2 crore from Rs 79.11 crore in Q4FY20, revenue rose to Rs 459 crore from Rs 276.24 crore, YoY.








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