All Eyes on Exit Polls, US-China Trade War, Key Q4FY19 Results and Top Stocks in Action

Mon, 20 May Pre-Open

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The Indian share markets surged on the final day of a volatile week on Friday with both the benchmark indices gaining over a per cent each with exit poll of the ongoing polls looming.

At close, the Sensex was up 537 points at 37931, while Nifty was up 150 points at 11407.

Among sectors, automobiles and FMCG sector gained 2.5%, while selling witnessed in IT, metal and pharma sectors.

The last phase of the seven-stage Lok Sabha elections wrapping up this weekend with exit polls that started coming out from Sunday evening will determine the market direction today.

Top Stocks in Focus

Bajaj Auto share price will be in focus as the two-wheelers major reported 20% jump in its fourth quarter standalone net profit (Q4FY19) at Rs 13.1 billion. Revenue of the company jumped 9% at Rs 74 billion.

Meanwhile, Dr Reddy's Laboratories reported 44% jump in its Q4FY19 net profit at Rs 4.3 billion against Rs 3 billion in the same quarter last fiscal.

Spencer Retail approved a proposal for acquisition of entire 100% stake held by Godrej Industries in its wholly owned subsidiary Natures Basket, subject to requisite approval of the shareholders of the company and execution of a share purchase agreement for undertaking the transaction contemplated above.

Indian Oil Corporation (IOC) reported Q4FY19 net profit at Rs 61 billion on the back higher operating income. The company had reported net profit of Rs 7.2 billion in the quarter ended December 2018.

Indian Hotels Company has signed a strategic partnership with Singapore's sovereign wealth fund, GIC for an investment framework to the tune of about Rs 40 billion or US$ 600 million over a period of three years from the date of signing.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Results Corner

Market participants will track BPCL, HEG, HPCL, NDTV, Tata Motors, Torrent Pharma, United Breweries among others as they announce their March quarter results today.

Global Stock Market Drivers

Stocks in Europe headed lower along with US index futures as Chinese state media appeared to signal a tougher line on the trade dispute. The dollar edged higher and Treasury yields were steady.

Market participants are reassessing prospects for a trade deal after commentary on the blog Taoran Notes, which was carried by state-run Xinhua News Agency and the People's Daily, the Communist Party's mouthpiece, accused the US of playing "tricks to disrupt the atmosphere."

Indications that the talks are paused will focus attention on the next opportunity for President's Xi Jinping and Donald Trump to meet at the Group of Twenty meeting in Japan next month.

Meanwhile, the pound weakened as UK Prime Minister Theresa May agreed to set a timeline to quit.

Oil Prices Rise amid Middle-east Tensions

Oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.

Brent crude futures were at US$ 73 a barrel, up 0.5% from their last close, rising for a fourth straight session. Brent was up 3.4% for the week, on track for its first gain in three weeks.

US West Texas Intermediate (WTI) crude futures were at US$ 63.32 per barrel, up 0.7%. WTI was also up for a fourth day and was headed for a weekly gain of 2.7%, the first rise in four weeks.

A Saudi-led military coalition in Yemen carried out several air strikes on the Houthi-held capital Sanaa on Thursday after the Iranian-aligned movement claimed responsibility for drone attacks on two Saudi oil pumping stations earlier in the week.

Earlier last week, US staff were evacuated from the American embassy in Baghdad, while US President Donald Trump ordered the deployment of an aircraft carrier group, B-52 bombers and Patriot missiles to the Middle East.

The market is also awaiting a decision from the Organization of the Petroleum Exporting Countries (OPEC) and other producers over whether to continue with supply cuts that have boosted prices more than 30% so far this year.

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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