EUR 120.00 For Business Accounts Only

MOSL: Morning India (5/July/21): 1. Bulls & Bears - July 21 (Nifty surges to record peak; midcaps/smallcaps outperform); 2. Oil & Gas; 3. HDFC; 4. Tata Steel; 5. Avenue Supermarts; 6. Marico; 7. Vodafone Idea

Morning India (5/July/21): Morning India (5/July/21): 
Today’s top research themeBulls & Bears (July 21): Nifty surges to record peak; midcaps/smallcaps outperform- The Nifty touched a fresh high of 15,916, ending Jun'21 ~1% higher MoM at 15,722. The Nifty is up 12.4% in CY21 YTD. The rally was on the back of strong FII inflows, receding of the second COVID wave boosting confidence in an economic recovery, and an in line earnings season. - FIIs continued their buying streak in Jun'21 at USD1.5b. DIIs saw inflows for the fourth consecutive month at USD1b. Midcaps/smallcaps outperformed largecaps by 3.7%/4.1% in Jun'21. - Among sectors, Technology (+8%), PSU Banks (+4%), Consumer (+2%), Real Estate (+2%), and Media (+2%) were the top performers in Jun'21. - Corporate India displayed tremendous resilience in FY21, with the Nifty ending the year with a healthy (15%) earnings growth, which was unthinkable a year back. The second COVID wave in Apr-May'21 has soured sentiments and impacted economic activity. Since restrictions this time around was localized and less stringent v/s the lockdown in CY20, we expect the impact in 1QFY22 to be contained.
Piping hot newsCV sales seen picking up in second half with heavy trucks leading the waySales of commercial vehicles – a barometer of economic activity – are expected to post robust growth in the second half of 2021 driven by replacement demand and a pickup in construction activity amid easing of local lockdowns, industry officials said. Heavy duty trucks of 18.5 tonne and more capacity are expected to drive the sales revival, they said. “When recovery happens, it will start from heavy duty trucks, because they were majorly impacted the last two years,” said Vinod Aggarwal, managing director at VE Commercial Vehicles (VECV).