Zubu Client Sentiment Nifty50 Report:
It is a Post Market Analysis, by which one can understand Retail trader’s sentiment and discover who was going long and short, the percentage change over time, and whether market signals are bullish or bearish.
Nifty50 retail trader data shows 55.57% of traders are net-long, while the number of retail traders net-short was 44.43%. FII’s unwinded huge longs -3519 & created huge shorts 3593, while retailers created huge longs 2803 & few shorts 439.
Nifty50: 14,956 ▲ 18 (+0.1%) Sensex: 50,441 ▲ 35 (+0.0%)
The Indian markets opened with a gap-up today. However, they continued to drift downward throughout the day and closed nearly flat. Among the Nifty50 stocks, 27 closed in the green. Among sectoral indices, the Nifty PSU Bank (+2.1%) and Nifty Media (+1.9%) posted the largest gains, while the Nifty Realty (-0.2%) was the top loser.
Top gainers Today’s change
UPL ▲ 7.0%
GAIL ▲ 4.2%
L&T ▲ 3.4%
Top losers Today’s change
IndusInd Bank ▼ 2.2%
Shree Cement ▼ 2.1%
Bajaj Finance ▼ 2.1%
Talbros rises on new orders
Automotive gaskets maker Talbros Automotive, along with its JV, has won multi-year orders worth ₹304 crore. The orders are spread over five years with a major portion distributed over 2023-25.
The company plans to undertake a capex of about ₹20 crore which, along with existing facilities, would help it to successfully execute the order. Shares of the company gained 6.4% today and have gained nearly 65% in the year so far.
Tata Motors to hive off PV segment
Shareholders of Tata Motors voted in favour of turning its domestic passenger-vehicle division into a separate entity. The company says that the move will help it provide differentiated focus to its PV and commercial-vehicle businesses.
The PV segment is valued at ₹9,417 crore and the company expects to complete the hiving-off by May-June this year. Despite the news, the stock declined 1.1% today.
BEML divestment plans gather momentum
The heavy-equipment maker is reportedly receiving interest from several players for acquiring the government’s 26% stake in the company. The optimism regarding the divestment plan is building in the stock price, which was locked at 20% upper circuit today.
In Q3, BEML saw strong order inflow of ₹1,730 crore (up 49% YoY), with a total order book of ₹11,620 crore, which is nearly 4x its FY20 revenues.
Just Dial jumps on IPL ad agreement
Shares of Just Dial hit their 10% upper circuit after the company announced an advertising agreement for the Indian Premier League (IPL) with Star India. The company will be a ‘co-presenting partner’ during IPL Season 14, which will be held in April-May.
Earlier in February, Just Dial launched JD Mart, its B2B portal. Its shares have risen about 35% in March so far.
The week started with the indices witnessing a range-bound movement. Nothing has changed from last week. The US 10-year Treasury bond yields continue to be on an upswing and rose by 2% today, crude oil prices are still at elevated levels and copper prices are declining. There are no major events that are lined up during the week, except the consumer inflation numbers that are expected on Friday.
The street expects inflation to rise to 4.83% from 4.06% last month. The concerns regarding the expected increase in inflation are likely to remain an overhang on the markets this week.