Sunday, 16 May 2021

17th May, 2021 Morning Brief

Market will open with a gap up today with positive signals from Western markets' strong closing. Wall Street closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy squared off against mounting inflation jitters. Especially bull run in technology stocks on Nasdaq and easier commodity pricing in international markets. VIX also easing drastically. 
The Dow Jones Industrial Average rose 360.68 points, or 1.06%, to 34,382.13, the S&P 500 gained 61.35 points, or 1.49%, to 4,173.85 and the Nasdaq Composite added 304.99 points, or 2.32%, to 13,429.98.

China industrial output rises 9.8% YoY in April, retail sales up 17.7% YoY

India's forex reserves up by $1.444 billion to $589.465 billion. 

Major Result Today :
Bharti Airtel, ColgateFederal Bank, Gland Pharma, Sun Pharma Advanced Research Company, Orient Cement

Larsen & Toubro 
Company reported higher consolidated profit at Rs 3,293 crore in Q4FY21 against Rs 3,197 crore in Q4FY20; revenue jumped to Rs 48,087.9 crore from Rs 44,245.3 crore YoY.

Cipla 
Company reported higher consolidated profit at Rs 411.5 crore in Q4FY21 against Rs 239 crore in Q4FY20; revenue rose to Rs 4,606.4 crore from Rs 4,376 crore YoY.
Positive. 

🎯 Jayant Agro-Organics : The company reported higher consolidated profit at Rs 24.3 crore in Q4FY21 against Rs 7.11 crore in Q4FY20. Revenue rose to Rs 484.2 crore from Rs 430.7 crore YoY.
Positive. 

Quick Heal Technologies 
The company reported consolidated profit at Rs 39.73 crore in Q4FY21 against Rs 7.99 crore in Q4FY20. Revenue jumped to Rs 105.3 crore from Rs 64.25 crore YoY.
Positive. 

Geojit Financial Services 
The company reported higher consolidated profit at Rs 37.16 crore in Q4FY21 against Rs 19.7 crore. Revenue jumped to Rs 121.38 crore from Rs 82.3 crore YoY.
Positive. 
🎯 JSW Energy : Promotors Revoked 584000 shares.
Positive. 👍

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