Motilal Oswal Financial Services Limited

Expect positive for gold finance stocks as gold price spiked to nearly $1950/ounce recovered from the low of $1900/ounce levels. Gold is facing rising pressure and might hit around $3,000 over an 18-month period eventually, says Bank of America Securities’ Francisco Blanch. #MOMarketUpdates #MotilalOswal #indianstockmarket #gold #finance #BSE #NSE #MCX

Reliance Industries - Private equity player Silver Lake will be investing Rs 7,500 crore into Reliance Retail, a subsidiary of the company of 1.75% stake. The investment values Reliance Retail at a pre-money equity value of Rs 4.21lakh crore. KKR & Co. is in advanced talks to invest at least $1 billion in the retail business.Brent Crude- Brent crude break below $40 a barrel follows two months of the global oil benchmark holding mainly between $42 and $45 a barrel. The coronavirus pandemic is still raging and Bank of America Merrill Lynch said it would take three years for global oil demand to recover from Covid-19. The market expectation that the weak global economy may slow down oil demand. #MOMarketUpdates #MotilalOswal #reliance #IndianStockMarket #NSE #BSE #crudeoil

Share of domestic consumer durable and electronics companies Dixon Tech and Amber Enterprises surged to record high today on account of gaining benefit by the government to encourage production in the local players. Amber is one of India’s largest contract manufacturers of air-conditioners and spares for top global brands such as LG, Daikin, Blue Star, Panasonic, CarrierMidea and Hitachi. Dixon Technologies, which makes consumer electronics, home appliances and mobile phones, has seen its shares jumped 300% from the recent low to record high of above 9500mark. Expects positive for other Indian players like IFB Industries. #MOMarketUpdates #MotilalOswal #indianstockmarket #consumerdurable #BSE #NSE #nifty #sensex

The government may gradually resume running Trains for long-distance. The Metro services will restart from today in a graded manner in Delhi, Chennai, Bengaluru, Ahmedabad, Hyderabad and Lucknow. #MOMarketUpdates #Indianstockmarket #MotilalOswal #nifty #Sensex #BSE #NSE

Defence-oriented stocks are reacting to Defence Minister Rajnath Singh's tweets on Sunday where an embargo was imposed on the imports of 101 defence items. The Ministry of Defence has prepared the list of those items. Contracts worth nearly 4 lakh crore will be placed upon the domestic industry within the next six to seven years. The list includes Wheeled Armoured Fighting Vehicles (AFVs) with indicative import embargo date of December 2021, of which the army is expected to contract nearly 200 of them at the cost of over Rs 5,000 crore. The embargo on imports is planned to be progressively implemented between 2020 and 2024. #MOMarketUpdates #DefenceStocks #indianstockmarket #Nifty #sensex #bse #NSE #MotilalOswal

1) HDFC Bank- Shashidhar Jagdishan is currently an Additional Director and Head of Finance, HR at HDFC Bank. Jagdishan was the bank's top choice among 3 shortlisted candidates. The bank had recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Garg's names for the post. Jagdishan joined HDFC Bank in 1996. Aditya Puri is set to retire in October 2020. HDFC Bank gained 3% after the news. 2) MCX witnessed smart rally today on account of impressive quarterly results. The market expectation that the MCX will be the major beneficiary on account of rising trading volumes on Gold and Silver. Natural Gas and Oil volatility (Natural gas gain 20%) will be a benefit for MCX. 3) The BMC has allowed shops to remain open on all seven days of the week during Unlock 3 from August 5. This comes after the Central government last month announced the third phase of Unlock 3 and issued new COVID-19 guidelines. Expect positive for Liquor stocks like United Spirits, Hotel (Indian Hotel) and Malls (Trent, Phoneix Mills). Gas #MOMaketUpdates #HDFCBank #MCX #Unlock3 #Gold #Silver #Natural #Indiastockmarket #MotialOswal #NSE #BSE #Nifty50

1) Wockhardt said it had agreed with the UK government to fill-finish COVID-19 vaccines. The manufacturing will be undertaken at CP Pharmaceuticals, a subsidiary of Wockhardt based in Wrexham, North Wales. "As per the terms of the agreement, the company has reserved manufacturing capacity to allow for the supply of multiple vaccines to the UK government in its fight against COVID19, including AZD1222, the vaccine co-invented by the University of Oxford and its spinout company, Vaccitech, and licensed by AstraZeneca," the company said.2) Tata Motors reported better than expected Q1 results. Tata JLR EBITDA and EBITDA margin ahead of expectation. Company reported consol revenues declined ~48% YoY to Rs32000cr (expectation Rs25400cr), Consol EBITDA declined 79% YoY to Rs640cr – expectation loss Rs3010cr, Consol Adj. Net loss at Rs8380cr vs estimates Rs9800cr. JLR net realizations grew 20% YoY (+28% QoQ) to GBP58.5k (v/s est GBP49.2k). JLR net revenues declined 44% YoY to GBP2.9b (v/s est GBP2.4b). JLR EBITDA margins at 3.5% (-70bp YoY, -130bp QoQ, v/s est -3.6%). Beat on EBITDA was driven by a strong mix and cost cutting of GBP500m. S/A business revenues declined 80% YoY to Rs2670cr (v/s estimates Rs2240cr), EBITDA loss at Rs700cr vs estimates loss Rs1170cr & Net loss of Rs2140cr vs Rs2550cr. &Wockhardt #MOMarketUpdates #Indiastockmarket #Tatamotors #Nifty50 #NSE #BSE #Nifty #Sensex

1) The government has moved to curb imports on coloured TVs and place them into the restricted category. More than 25% of TVs in India are imported from countries such as China and Vietnam. This ban applies to LED televisions of all sizes, and any importer must have a licence to import. It’s a very beneficial move for local manufacturers as TVs sold in India will have to be manufactured in India.2) State Bank of India reported a standalone profit of Rs 4,189.34 crore for the quarter ended June 2020, a growth of 81.2% over a year-ago period driven by stake sale in life insurance business, but the provisions and lower non-interest income limited growth. The provisions and contingencies at Rs 12,501.3 crore increased by 36% year-on-year including additional provision of Rs 1,836 crore on account of COVID-19 related accounts, ad-hoc provision of Rs 1,614 crore for wage revision and Rs 5,230.4 crore towards fraud accounts. However, provisions on sequential basis fell 7.4%. Net interest income, the difference between interest earned and interest expended, increased 16% to Rs 26,641.56 crore in June quarter compared to Rs 22,938.8 crore in year-ago period. #MOMarketUpdates #SBI #DixonTechnology #MotilalOswal #IndianStockMarket #NSE #BSE #ManufacturedInIndia #Nifty

The gains today were again led by Divis Labs, Dr. Reddy's, which ended at an all-time high with gains of 5% due to strong quarterly results. #MOMarketUpdates #Nifty #NiftyPharma #BSE #NSE #IndianStockMarkets #MotilalOswal