Mark to Market 7th Feburary 2019

Market Overview

Indian markets ended flat today, reversing gains on profit-taking after RBI cut repo rate. The RBI today cut repo rate by 25 basis points and also switched to a neutral policy stance.

The Sensex ended flat at 36,971.09 (-0.01%) while Nifty settled at 11,069 (0.06%). At day's high, Nifty had hit 11,118 before coming off on profit-taking.

Gainers

Zee Entertain by 5.35%,

Sun Pharma by 4.39%,

Eicher Motors, Bharti Infra, Bajaj Auto by 3%

Tata Motors, Hero Motocorp, Coal India by 2%

The Nifty auto index rose nearly 2%. Broader markets outperformed with BSE midcap and small cap indices rising nearly 0.75% each.

Losers

JSW Steel by 2.2%,

Reliance, Larsen, Power Grid Corp, Hindalco by 1%

HDFC, Indusind Bank, NTPC by 0.5%

Comments

Mark to Market " Banking Sector at Mess"

Market transactions by staff routine activity say RBL Bank as stock tanks 12% The total employee holding in the bank stood at around 3.46 crore shares as on 23 August, with over 25% of employees holding shares The bank's management had indicated possible corporate slippages to the tune of ₹1,000 crore in the coming quarters, during its Q1 results commentary A ‘priority sector’ problem brewing for YES Bank? The lender is said to have an exposure of about Rs 500 crore on account of loans to CCD. Most banks with exposure to the group said a significant portion of the debt was paid after Siddhartha sold his stake in IT services firm Mindtree for Rs 3,200 crore. But it’s not known how many banks individually loaned the company. Sources in the know said the loans were backed by the plantations and real estate.

Mark To Market IDBI in trouble

S&P places IDBI Bank on credit watch negative owing to the capital breach IDBI was found in breach of its regulatory capital requirements after a substantial loss in the first quarter of fiscal 2020 However, the rating agency believes the breach is temporary

Paint Industry:-Analysis

Global The global market volume of paint and coatings amounted to nearly ten billion gallons in 2019. In 2020, the global paint and coatings industry was estimated to be valued at some 158 billion dollars . USA The U.S. paints and coatings market size was valued at USD 24.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027 The architectural and decorative segment led the market and accounted for more than 57.0% share of the overall revenue in 2019. Rising infrastructure spending in the U.S. is expected to potentially fuel the growth of the construction industry over the forecast period. The acrylic segment led the market and accounted for more than 42.0% share of the overall revenue in 2019. This is attributed to its high demand from infrastructure, automotive, paints and varnishes, and paints and metal coating applications. China Since 2013, Chinese total paint production has accounted for more than one-third o...

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