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 52.23% of traders are net-long, while the number of retail traders net-short was 47.77%. FII’s unwinded huge longs -6715 & created huge shorts 7853, while retailers unwinded huge longs and shorts -5105 & -12793 respectively. Today is the fourth trading day when FII’s created huge shorts and unwinded the longs.
Nifty50: 14,683 ▲ +45 (+0.3%) Sensex: 49,201 ▲ +42 (+0.0%)
The markets moved in a yo-yo fashion today and lacked a clear direction. In all, 31 of the Nifty50 stocks ended in the green.
Among the Nifty sectoral indices, Pharma (+1.7%) and Metal (+1.4%) were the top gainers, whereas Bank (-0.5%) and Media (-0.3%) continued to remain weak.
Top gainers Today’s change
Adani Ports ▲ 14.5%
Tata Consumer ▲ 4.6%
Asian Paints ▲ 3.9%
Top losers Today’s change
Power Grid ▼ 2.0%
Grasim ▼ 1.3%
Eicher Motors ▼ 1.0%
GM Breweries surges on strong quarter
The Mumbai-based country-liquor maker recorded a 17% YoY growth in revenue from operations to ₹464 crore in Q4FY21. During the same period, profits surged by an impressive 155% to ₹45.3 crore.
The growth in net profit was boosted by higher other income, which grew 285% to ₹26.2 crore. Along with the results, the company also declared a dividend of ₹4 per share. The stock soared 8% intraday, but closed 1.2% higher today.
Adani Ports witnesses growth in cargo volumes
In Q4, cargo volumes handled by Adani Ports grew 27% YoY to 73 million metric tonnes. For FY21, the growth rate stood at 11% YoY.
In the container segment, its volumes grew 16% YoY in FY21 and the company commanded a market share of 41% in India. The upbeat operational performance was reflected in its stock, which rose 14.5% backed by high volumes, indicating strong investor interest.
Jindal Steel soars on strong sales and output
The leading steelmaker reported a 37% YoY jump in sales volumes for Q4FY21. During the same period, the share of exports rose to 27% of sales from 15% last year. In FY21, it achieved its highest ever production and sales.
According to reports, the company will sell its entire stake in its subsidiary Jindal Power and use the funds to cut its overall debt and reduce carbon emissions. The sale is likely to be completed by the end of the month. The stock hit a fresh 52-week high intraday, before closing 1.3% higher today.
Saregama signs licensing deal with Triller
The music label company has signed a global music licensing deal with Triller, an American short-video app. Through the license, the users of the Tik Tok rivalling platform can access Saregama’s entire music library to create content.
Saregama has also signed a similar deal with Facebook to make its library accessible to Instagram users. After the announcement, shares of Saregama climbed 7% before closing 5.2% higher. Notably, the stock has grown nearly seven times over the last year.
The Nifty’s movement today remained within yesterday’s trading range and thus did not give any cues for what lies next. However, after the RBI’s interest rate decision tomorrow, banking stocks could drive the benchmark index in a clear direction. As we progress in this month, Q4 result announcements could trigger stock-specific movements. While most companies would benefit from the low base of Q4FY20 (when the pandemic struck), the street would be interested in the outlook for Q1FY22 in the light of rising Covid cases and stricter restrictions.