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 49.77% of traders are net-long, while the number of traders net-short was 50.23%. FII’s created massive longs 11998 & unwinded mild shorts -434, while retailers created huge longs 3728 & massive shorts 10375
Nifty50: 15,301 ▲ +93 (+0.6%) Sensex: 51,017 ▲ +379 (+0.7%)
After some mild weakness seen in the first hour of trade, the markets witnessed buying interest all day. The market breadth in the Nifty50 was positive, with 31 of the benchmark index closing in the green. The Nifty Realty (+2.8%) and Nifty Media (+1.8%) were the top gainers among the sectoral indices today. Meanwhile, stocks in the Nifty Metal (-1.8% ) and Nifty PSU Bank (-0.2%) witnessed selling.
Top gainers Today’s change
Bajaj Fin Serv ▲ 4.6%
Bajaj Finance ▲ 2.6%
Infosys ▲ 2.4%
Top losers Today’s change
Power Grid ▼ 3.0%
Hindalco ▼ 2.5%
JSW Steel ▼ 2.4%
Ajmera Realty triples its Q4 profit
In the March quarter, the Mumbai-based realty company witnessed a 16% YoY decline in its consolidated revenue from operations. However, due to lower material costs and cost controls profit more than tripled to₹12.4 crore.
For FY21, the company’s sales rose by about 80% YoY to ₹615 crore. The growth was supported by stamp-duty concessions and record low housing loan interest rates. The company also reduced its total debt by about 27%.The stock jumped over 8% intraday to hit its 52-week high of ₹157. The shares have gained nearly 39% so far this month.
Thermax posts multifold profit growth
A higher topline, cost reduction measures and better margins in the energy segment allowed Thermax to nearly triple its net Q4 profit to ₹107 crore.
Revenue from its key verticals, namely energy, chemical and environment grew in double digits, with the latter jumping over 50%. This translated into a 19% growth in revenue from operations, which stood at ₹1,575 crore. Shares of the Pune-based energy company rose nearly 9% intraday today and closed 3.2% higher. The stock has been range-bound so far this month.
Bayer CropScience posts strong Q4
Strong demand for crop-protection products and new product launches helped the agri-sciences company double its Q4 net profit to ₹62 crore. During the same period, revenue from operations rose 60% rise ₹733 crore
The revenue growth was partially offset by lower corn seed volumes due to weak corn prices. The stock closed 0.8% higher today and has been moving sideways since the beginning of 2021.
Gold gains back some shine
With the recent bounce-back in prices, gold has recovered its losses in 2021. The rally in the yellow metal comes in the light of a weakening dollar and lower treasury bond yields. Worries around inflation have also boosted demand since gold is often considered a safeguard against inflation.
The metal has risen about 13% since its recent low in March 2021, breaching the $1,900 mark. MCX gold prices have risen around 5% so far this month.
While the benchmark indices continue their steady upward march, traders must also pay heed to the India VIX, which spiked over 10% today. It indicates that volatility could rise in the weeks ahead. Tomorrow is the monthly derivative expiry, and markets may witness a sharp movement. Further, a host of data releases are expected next week, including the Q4 GDP numbers, manufacturing and services PMI, and finally the RBI’s interest rate decision. All these have the potential to trigger movements in the markets.