Zubu Client Sentiment Nifty50 Report & Market Recap (Apr-1-2021)

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.

Zubu Client Sentiment Nifty50 Report Apr-1-2021)

Nifty50 retail trader data shows 50.9% of traders are net-long, while the number of retail traders net-short was 49.1%. FII’s unwinded huge longs -8874 & created huge shorts 19283, while retailers created decent longs 1249 & unwinded huge shorts -21771.

Nifty50: 14,867 ▲ +176 (+1.2%) Sensex: 50,029 ▲ +520 (+1.0%)

The markets opened strong, and witnessed weakness mid-day. In the second half, however, the Nifty50 rallied and closed about 1% higher. The strong buying interest led to 41 of its stocks closing in the green.
Among the sectoral indices, Nifty Metal (+5.3%) and Nifty PSU Bank (+2.6%) witnessed the strongest gains, while Nifty FMCG (-0.1%) was the only index to close in the red.

Top gainers Today’s change
JSW Steel ▲ 7.9%
Hindalco ▲ 6.5%
Tata Steel ▲ 5.8%

Top losers Today’s change
HUL ▼ 1.3%
Nestle India ▼ 0.6%
HDFC Life ▼ 0.5%

Wipro to acquire Australian cybersec firm

The IT major has signed an agreement to acquire Ampion, an Australian cybersecurity services provider for $117 million, reports suggest. Ampion is headquartered in Melbourne, with a presence in Sydney, Brisbane and Canberra.
The Wipro management believes that the acquisition will help it expand its footprint in the Asia-Pacific region. The acquisition is subject to regulatory approvals and is expected to close by the end of Q1FY22. Shares of Wipro rose by 0.6% in an overall strong market.

Tata Motors posts record sales in March

The auto major’s passenger vehicle division sold 29,654 units in March, its highest monthly sales in the past nine years. The company’s overall domestic sales rose 14% month-on-month (MoM) to 66,609 units.
Tata Motors’ commercial vehicle (CV) sales rose about 20% MoM, while its competitor Ashok Leyland witnessed a 25% surge in its CV sales during the same period. Shares of Tata Motors and Ashok Leyland rose 2% and nearly 4% respectively.

Aviation turbine fuel prices slashed

State-owned fuel retailers have reduced ATF or jet fuel prices by 3% in line with the dip in the international crude oil prices. Fuel prices were cut by ₹1,887 per kilolitre, to ₹58,374 per kilolitre.
This is the first reduction in ATF rates in two months. Shares of Indigo and Spicejet reacted positively this week and were up 0.2% and 4.1%, respectively.

Mishra Dhatu soars on record FY21 sales

Shares of the state-owned metal manufacturer climbed nearly 10% intraday after the company declared that it achieved record sales in FY21. The company clocked ₹810 crore in provisional sales in FY21, a 14 YoY rise.
Interestingly, Q4FY21, the company recorded sales of ₹346 crore, a 67 per cent year-on-year rise. Meanwhile, the stock has been consolidating since the start of 2021.

Closing bell

Despite the initial hiccup, the Indian markets staged a rally today in line with the international indices. Metal stocks rose sharply today, and the metal index has risen 22% in Jan-March quarter. To an extent, bullish investor sentiment in the metals indicates that the street expects metal companies to deliver strong Q4 results. Further, the pick up in auto sales is also favourable for demand in metals. As we come back next week, manufacturing PMI numbers will be released on Monday which will give us an on-ground feeler of the industry’s perception of demand. Further, the RBI is expected to announce its interest rate decision on Wednesday.


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