INDIA DAILY June 30, 2021 Contents
Daily Alerts Company alerts Cummins India: Powergen boost in store CPCB-IV: pricing power likely to be with incumbent in Cummins this time Data center market envisaged to accelerate over CY2021-23
India
29-Jun 1-day 1-mo 3-mo
Sensex
52,550 (0.4)
1.2
6.1
Nifty
15,748 (0.4)
1.1
7.2
0.0 (0.7)
4.0
Global/Regional indices Dow Jones
34,292
Nasdaq Composite 14,528
0.2
5.7 11.2
FTSE
7,088
0.2
0.9
Nikkei
28,940
0.4
0.3 (0.8)
Hang Seng
28,994 (0.9) (0.5)
KOSPI
3,300
0.4
5.6
2.2
3.0
7.8
782
763
Value traded – India
Royalty rate decline seen in FY2021 boosting prospects of margin recovery by 70 bps
Cash (NSE+BSE)
We increase FV to Rs1,030 based on higher powergen contribution and rollforward
Deri. open interest
Derivatives (NSE)
627 29,563
21,47 22,931 4
6,214
5,384 4,473
Forex/money market Change, basis points 29-Jun 1-day 1-mo Rs/US$ 10yr govt bond, %
3-mo
74.3
6
178
112
6.0
(2)
3
(9)
MTD
CYTD
Net investment (US$ mn) 25-Jun FIIs
(24)
2,473 23,258
MFs
(3)
(68) (7,003)
Top movers Change, % Best performers JSTL in Equity
29-Jun
1-day 1-mo
3-mo
686
(1.4)
(0.6)
54.1
1,173
(1.0)
6.3
52.9
NMDC in Equity
182
(0.3)
1.3
43.2
IPRU in Equity
615
(0.8)
12.4
42.7
UPLL in Equity
805
(0.5)
(0.8)
37.6
158
(0.6)
(1.3)
(23.8)
HAVL in Equity
979
(1.4)
(3.9)
(6.8)
SHTF in Equity
1,358
(1.1)
(6.7)
(5.0)
KMB in Equity
1,706
(1.6)
(5.3)
(3.7)
203
(0.1)
(4.5)
(3.6)
TATA in Equity
Worst performers MMFS in Equity
ITC in Equity
kspcg.research@kotak.com Contact: +91 22 6218 6427
For Private Circulation Only. FOR IMPORTANT INFORMATION ABOUT KOTAK SECURITIES’ RATING SYSTEM AND OTHER DISCLOSURES. REFER TO THE END OF THIS MATERIAL.