Yes Bank Reports Profit; NPA Spoils The Show

Apr 21, 2017 | 03:25 PM IST

GST Impact

Market This Week

The market this week was too volatile compared to last week, but the primary trend was up. Domestic uncertainties were due to global worries like uncertain U.S. foreign policies. As we can see FIIs buying was still on while DIIs were booking short term gains and reinvesting in the market. Investors were eyeing on quarter earnings of the companies. IT earning results have disappointed the market, but somehow midcaps have started well and there are bigger hopes from remaining set of midcap companies to deliver better results.

Movers And Shakers

The earning season kick-started with Infosys last week. It disappointed the street but looking at the global uncertainties going on for IT companies, Infosys is doing well to tackle the situation. Yes Bank has posted better results but like always asset quality and Non-performing assets (NPA) are big roadblocks. The concern for the banks, like it was in the last quarter, is NPAs rose by 1.5% this quarter. On the other hand, as we had anticipated last week, midcaps are again the gainers for the market.

Key Market Drivers

Indiabulls Real Estate was the pick of the month as the stock spiked more than 60% in the short span of 25 days. The stock has given investors a pleasant short-term gain. The restructuring news from the company gave a boost to the investors' sentiments and street went on buying the stock like a hot cake. Later the stock settled nearly 40% up in a single trading session. Edelweiss Financial Services is on a bull run as well. While DHFL is gaining silently.

Event Watch

Post Yes Bank result, eyes are on other giants like SBI, ICICI. But most favourites are still midcaps, as post demonetisation, midcaps were crawling but has gained the momentum and recovered earlier losses. At this point, midcaps are counting profits which are only expected to grow in coming time.

Stocks to Watch

Talwalkar's Better Value Fitness is on the upside while Cipla is on the downside.



Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to pave a smooth road for our clients in the shaky world of stock market. While...



Sensex Ends 5-Day Losing Streak; Nifty Above 10,100

Share Market News –20-March-2018 The Benchmark indices extended previous day’s losses as Sensex was down by 100 points &
Read More>>

Market At Three Months Low, Nifty Below 10,100

Share Market News –19-March-2018 The Benchmark indices opened the week mildly higher as Sensex added over 50 points & Nifty
Read More>>

Global Trade War Upsets Indian Market; Nifty & Sensex Down

Market This Week The benchmark indices started the week on a strong note as Sensex & Nifty soared almost 2% in a day,
Read More>>

Commodity Trading: An Avenue Of Big Profits

If you are a stock market investor, you must be familiar with the word "commodities". Many times, the brokers which provide trading and demat account for equity also provide the service for commodity trading. Commodity trading is different than
Read More>>

Sensex Closes Lower, Nifty Ends Flat , TCS Falls 5%

Share Market News –13-March-2018 The Benchmark indices opened mildly lower on Tuesday as Sensex dropped 100 points & Nifty
Read More>>