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NIFTY FMCG 63,175.70 524.70 (-0.82%)
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#STREETGAINS #MARKETSVIEW #14AUGUST2024

August 14, 2024

INDIAN MARKETS:

On August 13, At close, the Sensex dropped 692.89 points (0.87%) to 78,956.03, while the Nifty fell 208 points (0.85%) to 24,139.

 

US MARKETS:

The S&P 500 rose by 90.04 points (1.68%) to 5,434.43, the Nasdaq Composite gained 407 points (2.43%) to 17,187.61, and the Dow Jones increased by 408.63 points (1.04%) to 39,765.64.

 

ASIAN MARKETS:

Topix increased by 1.13%, Nikkei by 0.70%, Taiwan by 1.28%, and Kospi by 0.84% from the previous close.

 

OIL & GAS UPDATES:
US West Texas crude increased by 0.60%, while Brent Crude rose by 0.51%.


Key Corporate Earnings:

 

Hero MotoCorp Q1 (Standalone YoY): 

- Profit increased by 36.1% to ₹1,122.6 crore (vs. ₹825 crore). 

- Revenue grew by 15.7% to ₹10,143.7 crore (vs. ₹8,767.3 crore).

 

FSN E-Commerce Ventures (Nykaa) Q1 (Consolidated YoY): 

- Profit surged by 151.7% to ₹13.64 crore (vs. ₹5.42 crore). 

- Revenue increased by 22.8% to ₹1,746.1 crore (vs. ₹1,421.8 crore). 

- Company to acquire a 39% stake in Dot & Key Wellness for ₹265.3 crore.

 

Piramal Enterprises Q1 (Standalone YoY): 

- Profit dropped by 60.5% to ₹228.1 crore (vs. ₹577 crore). 

- Revenue fell by 63.3% to ₹348.2 crore (vs. ₹949 crore).

 

Nazara Technologies Q1 (Consolidated YoY): 

- Profit increased by 13.2% to ₹23.6 crore (vs. ₹20.86 crore). 

- Revenue decreased by 1.7% to ₹250.1 crore (vs. ₹254.4 crore).

 

NBCC (India) Q1 (Consolidated YoY): 

- Profit surged by 38.5% to ₹107.2 crore (vs. ₹77.4 crore). 

- Revenue grew by 11.3% to ₹2,144.2 crore (vs. ₹1,926.1 crore).




KEY STOCKS TO WATCH:

Vedanta: 

- The company received approval to sell up to 11 crore equity shares (2.6% stake) of Hindustan Zinc via an offer-for-sale.

 

Bombay Dyeing and Manufacturing Company: 

- The company completed a land sale transaction at Worli, receiving ₹537.78 crore from Goisu Realty, a subsidiary of Sumitomo Realty & Development.

 

SJVN: 

- The company received board approval for monetizing partial future revenue from the Nathpa Jhakri Hydro Power Station and for the possible dilution of stake in its subsidiary, SJVN Green Energy.transmission scheme in Karnataka, valued at ₹53.77 crore.

 

FII/DII DATA:

1. FIIs net SOLD Rs 2,107 crore worth shares on 13 August.

 2. DIIs net BOUGHT Rs 1,239 crore worth shares on 13 August.

 

Thank you, have a great Trading Day ahead!!


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