MARKET OUTLOOK FOR 9 MAY 2022

The Nifty50 on Friday saw a gap-down start but avoided further fall to eventually end up making an indecisive Doji candle on the daily chart.The index has been trading below its key moving averages now. While a small bounce can't be ruled out, the ongoing pain in the market is unlikely to ease in the near future. A  bear candle on the weekly charts, the fourth week in a row is emphasising the bear domination in the market. Stock markets throughout the globe have become extremely fragile due to increasing inflation, central bank rate hikes have spooked Indian investors. Downward movement to continue in coming sessions.Tracking sharp losses in the US markets overnight and Asian stocks this morning, Indian benchmark indices tanked 1.5% on Friday. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty 50 shed 316 points to 16,366. All frontline stocks were in the red. In the broader markets, the BSE MidCap and SmallCap indices fell up to 2.2%. Sectorally, Nifty consumer durables, realty, IT, auto, financials, and metals were down 2-3%. Stock markets throughout the globe have become extremely fragile due to increasing inflation, central bank rate hikes have spooked Indian investors. Investors must stay with quality stocks with good growth outlook.Reliance Retail’s net profit for the January-March quarter declined 4.8 per cent to Rs 2,139 crore, while its EBIDTA increased 2.4 per cent to Rs 3,705 crore in the same period. The country’s largest retailer cash profit for the quarter rose 3.8 per cent to Rs 2,878 crore.

 

MARKET OUTLOOK OF 05 MAY 2022

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The Sensex and Nifty ended on a flat note, giving up gains from earlier in the session, as the rise in information technology and metal stocks was offset by losses in realty and banks.The NSE Nifty 50 index was up 0.03 per cent or 5.05 points at 16,682.65, while the S&P BSE Sensex rose 0.06 per cent or 33.20 to 55,702.23, with the indexes snapping three consecutive sessions of losses. Nifty50 on Friday failed to capitalise on a gap-up start, as it ended up forming a bearish candle on the daily chart, with a long upper wick, reflecting selling at higher level. But analysts took a sign of relief, as the index did not see a follow-up selling after breaking a key range in the previous day. The level of 16,600 will be a key support to watch out for going ahead. Two-wheeler maker Hero MotoCorp rose 3.8% and was among the top gainers on the Nifty 50, lifting the auto index 0.4%.Dabur India closed 1.7% lower after the fast-moving consumer goods maker reported a 22% decline in consolidated net profit for the March quarter. Adani Power was 4.4% higher. The company's net profit for the March-quarter surged to 46.45 billion rupees from 131.3 million rupees last year. But, it also signals a halt in a sharp follow-through weakness after a sharp downside breakout of the 16,800 level in the previous session. If Nifty50 manages to sustain above 16,600 level and shows upside bounce from here, then one may expect chances of upside bounce in the market.

Indices tumbles ~ 2% after surprise rate hike by RBI

Indian stock markets tanked on Wednesday after the Reserve Bank of India stunned the market with an increase in policy rates, citing inflationary pressures .The Reserve Bank of India's monetary policy committee, in an off-cycle meeting, raised key lending rate by 40 basis points. Sensex slumped 1,306 points to end at 55,669 after the RBI rate hike, while Nifty tanked 391 points to 16,677Although the rate hike was anticipated, the sudden announcement of a 40 bps increase in repo rate along with a 50 bps increase in CRR in response to the rising inflation spooked markets leading to a heavy selloff. Global markets are also trading cautiously ahead of the upcoming Fed meeting, as an increase of more than 50 bps will extend the current consolidation phase,.

Biggest IPO in Indian Markets: LIC IPO subscription status :LIC IPO is subscribed 62 percent by 16:33 hours IST, on May 4, the first day of bidding .The employee reserved portion has been subscribed 100 percent, while retail investors portion has been subscribed 55 percent. Non Institutional investors have subscribed 25 percent of their portion while qualified institutional buyers bought 33 percent of allotted quota of 3.95 crore shares, till now.

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5 IMPORTANT THINGS TO CONSIDER IN QUARTERLY RESULTS

The S&P BSE and Sensex had hit a low of 56,412.62 on the BSE  in early morning deals, but eventually ended at 56,976, down 85 points or 0.15 per cent. The NSE Nifty50, meanwhile, closed at 17,069, down 33 points or 0.21 per cent.

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Results ahead 

3 MAY  2022 Adani Enterprises Ltd,Godrej Properties Ltd,Hero MotoCorp Ltd,Tata Steel,Titan Company

4 MAY 2022 Deepak Nitrite,Havells India,Kotak Mahindra,TATA Cons. Prod,

5 MAY 2022 Dabur India,Exide Ind,INDUS TOWERS,Marico,TVS Motor,Voltas

Quarterly results are the window of opportunity provided to the general public to gain an understanding of the company's overall performance. These are created in a set format that a corporation must follow in order to be considered legitimate. Publicly traded Indian corporations must report quarterly results to the stock market for the four quarters ending in March, June, September, and December according to Indian corporate regulations. Of course, the company's annual results will be included in the March results. In an era of fast change, quarterly results are a vital tool for assessing a company's long-term success.Companies now not only release quarterly results with a year-over-year comparison, but they also provide guidance for the coming quarters. From an analytical standpoint, this is a crucial revelation for the analyst community. So, how do you go about analysing and reading a company's quarterly results? First, let's take a look at the significance of a company's quarterly reports and the 5 main indications to look for in them.

Top 5 Important things to Consider in Quarterly Results

1.Operating Profits

2.Margins

3.Net Profits

4.Interest Costs

5.Earning Per Share