US Inflation Data; Key Earnings Report; Lupin & Bharti Airtel among Other Top Stocks to Sway Markets Today

Wed, 14 Feb Pre-Open

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On Thursday, Indian share markets ended higher on Monday, taking cues from its Asian peers. The S&P BSE Sensex ended at 34,300, up 294 points while the broader <>Nifty index settled at 10,539, up 84 points.

Gains were largely seen in realty stocks, capital goods' stocks and power stocks.

Top Stocks in Focus

Lupin share price will be focus as it has received tentative approval for its Hydrocortisone Butyrate Lotion, 0.1% from the United States Food and Drug Administration (USFDA) to market a generic version of Precision Dermatology, Inc.'s Locoid Lotion, 0.1%.

Bharti Airtel share price will hog limelight today as it has entered into a strategic partnership to bring exciting digital content from Hotstar's portfolio to Airtel customers.

Yes Bank has inked a Memorandum of Understanding (MoU) with Assam Rifles to provide the customized banking solution, to officers of the force and their family members. The Bank will offer its special banking programme, 'Yes Vijay' to Officers, Junior Commissioner Officer (JCOs) and Jawans of Assam Rifles.

Larsen & Toubro's (L&T) arm - L&T Hydrocarbon Engineering (LTHE) has signed a major field development EPC contract with Al Dhafra Petroleum Operations Company, Abu Dhabi, UAE, with a value in excess of Rs 22 billion. The stock will be in focus.

Idea Cellular's board has allotted 326.6 million Equity Shares of face value of Rs 10 each on preferential basis to Birla TMT Holdings, Elaine Investments, Singapore and Oriana Investments, Singapore, forming part of the promoter group, at an issue price of Rs 99.5 per share including a premium of Rs 89.5 per share, aggregating to around Rs 32.5 billion.

Global Stock Market Drivers

European stocks rallied on Monday, starting trading on a firmer note after the worst weekly sell-off in two years shattered an extended period of low volatility and raised investor fears of an end to a bull-run in equities.

The global sell-off has been blamed on an unwinding of trades betting on low volatility and concerns over a return to inflation, lifting sovereign bond yields, at a time when central banks are removing the safety net of ultra-loose monetary policy.

In a sign of those concerns, market participants continued to sell US government debt, lifting the yield on 10-year Treasuries by 5.1 basis points to 2.8821%. It started the year at 2.4%.

The European rebound came after strength in Asia, where the Shanghai Composite rose 0.8% and Seoul's Kospi was up 0.9%. US stock futures were also pointing to gains on Wall Street after last week's sell-off.

Here are some important things to watch out for this week:

• Chinese New Year celebrations for the Year of the Dog begin in China and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia. Chinese mainland markets will remain closed from 15-21 February.
• The US consumer-price index, due today, will probably increase at a moderate pace in January, as per Bloomberg. Retail sales in the US, also out today, is expected to increase for a fifth straight month.
• Japan is expected to extend the longest stretch of economic growth since the mid-1990s when it reports fourth-quarter gross domestic product today.
• Earnings season continues in full swing with reports from Bunge, TripAdvisor, SunPower, Con Edison, Bombardier, Heineken, Loews, Michelin, PepsiCo, MetLife,Cisco, Japan Post Bank, Credit Suisse, Nestle, Airbus, Allianz, Telstra, Coca-Cola, Deere, Eni, Credit Agricole and Campbell Soup.

From the Cryptocurrencies Space

The price of Bitcoin hit US$9,000 briefly, its highest value for a week, before continuing a downward trend on Sunday. Bitcoin slipped from a US$20,000 high in December 2017, to less than US$6,000 last week.

The currency started a slow and steady recovery over the final few days of the past week, before climbing by 5% over 24 hours on Saturday, then shedding much of those gains later in the day.

Bitcoin and cryptocurrencies are a curious bunch. They have no central bank backing and have not yet been regulated. Yet they seem to have found favour among a large number of people, with demand for them growing every day. There are over 1000 cryptocurrencies in existence today, with new ones being added to the list every day.

While the world of digital currencies is intriguing, it can get very confusing for the layman.

However, the good news is that help is at hand.

Prasheel Vartak and his guru Tama Churchouse, who have been researching cryptos for years, are on a mission to educate Indian investors about this fascinating investment. To make sure you're not left behind in the bitcoin movement, join them here.

And remember, whatever you do, stay informed.

IPO Buzz

The initial public offering (IPO) by Aster DM Healthcare on Monday received 4% subscription. The issue got 1.5 million subscriptions compared with the issue size of 37.4 million shares, according to data available with the NSE.

The price band for the offer is set at Rs 180-190 per share.

Aster DM Healthcare is one of the leading private healthcare service providers, which operates in multiple Gulf Cooperation Council (GCC) states such as United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain. It also has presence in India with Malabar Institute of Medical Sciences (MIMS) hospital in Kozhikode in Kerala.

To know our view on this IPO, you can read our IPO note on Aster DM Healthcare (requires subscription).

Speaking of IPOs, the demand for IPO's had reached sky-high levels last year.

One shall note that, more than 70% of the IPOs listed in 2007 and 2008 are in the red, even today when the Sensex is at an all-time high.

A merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.

To know more, download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the IPO rush.

Results Corner

Prism Cement, Allahabad Bank, GVK Power, Cox & Kings, Dena Bank, Jet Airways, among others will announce their quarterly results today.

Oil Prices

Oil prices rose 1% on Monday, recovering at least some of last week's steep losses, as Asian stock markets found their footing after days of chaotic trading.

Looming over oil markets, however, was rising US production, which is undermining efforts led by the Organisation of the Petroleum Exporting Countries (Opec) and Russia to tighten markets and prop up prices.

Brent crude futures were at US$63.42 a barrel, up 1% from the previous close. US West Texas Intermediate (WTI) crude futures were at US$59.83 a barrel. That was up 1.1% from their last settlement.

The firmer prices came after crude registered its biggest loss in two years last week as stock markets slumped.

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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Indian Share Market Update: Top Gainers and Losers