BULLS ON WILD RUN WITH BANKS & AUTOS

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Today markets successfully closed above the 14700 level and this is a positive signal. We should now be headed to 15100. On the earnings front, companies such as Bajaj Auto, Titan and HUL announced their numbers during the day which further add to the volatility. We reiterate our positive yet cautious view on markets and expect Nifty to test the 15000 zone.Bulls went on a rampage with banks & autos especially the two-Wheeler stocks being sought after in what turned out to be a bullish session of trade through the day.The earnings outcome of companies in the banking and auto space thanks to Axis Bank and TVS motors led the up move as it further boosted investor’s confidence. The HDFC twins & Bajaj twins lent good support to the indices with the broader market displaying strength across sectors.
TOP GAINERS-BAJFINANCE,INDUSINDBANK,SBIN,ICICIBANK
TOP LOSERS-HINDALCO,DIVISLAB,HDFCLIFE,BPCL,TATASTEEL

WHAT SHOULD INVESTOR DO WITH ICICIBANK & HCL STOCKS ???

BUY ICICIBANK FUT 2 LOTS ABOVE 590 TARGET 597/605  SL 580

SELL HCL FUT 2 LOTS BELOW 914 TARGET 906/902  

SL 923

Today ICICI Bank share price added 6% in the early trade after the company announced its fourth-quarter earnings on Saturday. The private sector lender on April 24 clocked a 260% year-on-year growth in standalone profit at Rs 4402 crore for the quarter ending March 2021.The profit in the corresponding period in the previous year stood at Rs 1221crore.ICICI Bank reported a strong quarter, led by healthy business performance across all business segments. Strong operating performance was aided by healthy NII growth though weak other income affected net earnings. The improving granularity of the book provides better earnings visibility for ICICI Bank. Today ICICI Bank was quoting at Rs 588.70, up 3.22%.The share touched a 52-week high of Rs 679.30 & a 52-week low of Rs 285.70 in last year & now It is trading 12.35% below its 52-week high and 108.4% above its 52-week low.

Today HCL Technologies stocks price fell 3% in early trade after the company reported muted numbers for the fourth quarter of fiscal 2021. We believe the company will continue to trade at a higher discount to TCS/INFY/WIPRO on account of lower revenue growth and lower profitability. The strong deal bookings, a healthy deal pipeline, strong net employee addition and rising spend on transformation initiatives by clients would help HCL Tech deliver strong revenue growth in FY2022E. The share touched a 52-week high of Rs 1,073.55 and a 52-week low of Rs 463.45 respectively.Currently, it is trading 12.37% below its 52-week high and 103 % above its 52-week low.
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RESULT AHEAD ; KEEP ANY EYE ON HDFCLIFE

 BUY  HDFCLIFE FUT 2 LOTS ABOVE 683 TARGET 688/691 SL 677
On Thursday stock market was under pressure as the country reported more than 3.14 lakh cases in the last 24 hours, the highest single-day spike ever in the world. Today sensex was down 204 points at 47501 &  nifty shed 41 points 14255.today the healthcare stocks were trading in the green. The other gainers included glen mark pharma, Lincoln pharma, marksans pharma, rpg life sciences, shilpa medicare and unichem labs among others. Today share price of jb chemical and pharmaceuticals was up over 4%. Hitting a new 52-week high followed by laurus labs, cadila healthcare and apollo hospitals.

Shares of life insurance companies are trading with gains in tuesday’s session with ICICI prudential life leading the pack as it surged over 10% intraday after the company reported better-than-expected march quarter earning on monday. Other insurance company stocks like hdfc life insurance and sbi life insurance also jumped in trade. now on upcoming monday 26 Apr 2021 HDFC life & Tech Mahindra will announce quarterly results. We believe that the surge in growth is stronger for SBI life & ICICI Pru life & bit moderate for HDFC life & max life.
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"OXYGEN STOCKS SEE FRENZY"

Now days India is witnessing a strong wave of coronavirus pandemic & the demand for medical oxygen has surged which has boosted the shares of the company that produces the gas.Like  Shares of Linde India have jumped 104% since February while those of Bhagawati Oxygen have climbed 52% and National Oxygen and Gagan Gases have risen 33% each. India has been grappling to meet the heightened demand for oxygen for the last few weeks as the COVID-19 infections surge.

 Many retail investors seem to have interpreted this temporary demand scenario for the gas as an opportunity for stronger returns which not only boosted the gas suppliers' stocks but also shares of Bombay Oxygen Investments which is an NBFC firm and has nothing to do with the gas except for its name.Bombay Oxygen stock have jumped 144% since February due to frenzy-driven trade just because of its name and not the fundamentals. Its middle name 'Oxygen' suggested to the investors that the company deals in oxygen supply.Profits are expected to rise over the next two quarters as demand for oxygen cylinders will there for next 6-9 months. But there are many frontline companies like BPCL, Reliance, Tata Steel that have started supplying oxygen cylinders to hospitals which may hinder their
 profitability.
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FALLING MARKET..A CHANCE TO ENTER??

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Tomorrow market will remain closed on April 21 for Ram Navami. Investors should remain calm and stay with their investments, and add more on dips. Unless the index swiftly registers a close above 14300 in the next session, there is a distinct possibility of it slipping towards 13950. If bulls manage a close above 14300, then sideways move with slightly positive bias can be expected. 

The  market to trade in a consolidated range, where 14200-14000 will act as a strong base, and, on the upside, 14800-15000 will act as stiff resistance, but there will be stock-specific opportunities in ‘Corona-proof sectors’. will keep investors on the edge for some time but as the situation stabilizes, bulls will be back .Now For many industries like travel, tourism, restaurants, and hotels, the impact will be significant but IT, pharma, metals, telecom, and consumer staples will be less affected. Discretionary consumption will be the most-affected sector and will see challenges. We believe that a correction of up to 10 percent from the nifty peak of 15,200 would be a good support level .One needs to be selective on sectors like auto, large private sector banks, large NBFCs, electrical appliances companies, chemical, and pharma.

HDFCBANK RESULTS MAY SHOW WEAKNESS

"BUY HDFCBANK FUT 2 LOT ABOVE  1435 TARGET 1443/1450 SL 1425

SELL HDFCBANK FUT 2 LOT BELOW 1400 TARGET 1385/1370 SL 1420"

Covid-19 continues to be the most important factor for the market at this juncture and we expect next week also market to remain volatile in the short term.All the commodity and economy-facing stocks could be under pressure due to the second wave of covid-19. Buying on dips is a better strategy at this time for the metal sector. Don't look for the next hdfc bank, icici bank and bajaj finance from the banking space. Bank nifty is down more than the broader indices. HDFC Bank, India’s largest private sector lender, is likely to report a 20% year-on-year rise in net profit to Rs 8,550.3 crore for the quarter ended March 31, HDFC Bank will report its quarterly and full-year earnings today. Markets expects HDFC Bank to report a gross non-performing loans ratio of 1.4 % for the quarter.

We can go with mindtree and cyient from midcap it space. We think infosys and hcl tech are better growth levers as compared to tcs and the valuations are cheaper. Pharma is a defensive sector in some ways. It doesn't get affected by lockdowns because if there are sick people who need medicine they will need medicines irrespective of the lockdown.we prefer eicher motors as a nice long-term play. Hero motocorp has lagged on product innovation. The core business is a cash cow, keeps on growing at a reasonable pace but it is not an exciting company. So, we are quite comfortable with our long-term positioning as far as healthcare stocks are concerned. We own divi's laboratories, dr. Lal path and abbott as well and neither are we thinking of increasing or reducing it based on what we are seeing around us.
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WHAT SHOULD INVESTOR DO ON FRIDAY ?

Today market ended a volatile session on a positive note despite a sharp rise in covid-19 infections across the country. Firm global cues boosted the market sentiments.After the imposition of restrictions by the Maharashtra government, delhi also announced a weekend curfew to tame the spread of the deadly virus, now market is becoming more cautious as states increase restrictions due to the havoc created by the virus. Growth-oriented sectors and stocks are losing momentum, while defensives like pharma, FMCG & IT are gaining.States, however, will not opt for a complete lockdown like last year but high valuation will lead to a phase of short-term consolidation.

Among the blue-chip stocks, tcs was the top gainer, rising 3.96 per cent. Wipro, cipla, ongc, icici bank, hdfc bank, adani ports, tata steel, indian oil and sbi life insurance were other gainers. Share price of software services major wipro gained around 3% today ahead of the company's announcement of its fourth-quarter results for financial year 2020-21. Today wipro opened the trading session wipro opened at 418.90, touching an intraday high of  430 &  an intraday low of  415, in the session so far, against its previous close of  418.95 wipro was last trading at  2.70 % higher at  429.95.
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UPCOMING STOCK RESULTS CAN GIVE MARKET A BOOST

TCS  announced its results on Monday & many other IT firms like Wipro, Infosys and Mindtree will be announcing their results in the coming few days. So, it will interesting to see how these IT companies fair and the impact of the COVID-19 pandemic on them. Thus, keep a close watch on these stocks.
WIPRO- The results of this IT firm will be announced on April 15. But in the last quarter, the IT major had reported 20 % rise in consolidated net profit to Rs 2968 crore. It reported a 3% increase in revenue to Rs 15670 crore in the third quarter of FY21 compared to the same quarter last year. Thus there are expectation this quarter as well. Meanwhile, Wipro share was down to Rs 429.80 per share.

INFOSYS: Infosys is scheduled to announce its fourth-quarter results later today. The company will also consider a final dividend for FY21 along with a proposed share buyback. We expect IT companies to post robust revenue growth. Infosys share price surged 8.5% in Jan-Mar 2021, and 11% so far this year . During the quarter ended March 31, 2021, the IT stocks jumped 6.61%, as against a rise of 5% in the nifty. Earlier this week, TCS reported a 15 % on-year rise in net profit and declared a dividend of Rs 15 per share.

MINDTREE: IT firm’s results are expected on April 16, 2021. It was reported a 65.7% rise in consolidated net profit to Rs 326 crore for the December 2020 quarter. The company had posted a net profit of Rs 197 crore in the corresponding period last year, Mindtree said in a regulatory filing. So, such growth is expected this quarter as well. Mindtree was trading at around – 3%. The lowest for this stock yesterday was Rs 2,101.05 per piece. 

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