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Actionable: Hindustan Zinc, Bajaj Finserve, BSE

Actionable: Hindustan Zinc, Bajaj Finserve, BSE
May 22
09:21 2020
Vikash Sahay
Vikash Sahay

From the Advisory Desk 22nd May 2020

Market Outlook: US markets closed a percent lower. Asian markets were trading lower by 2-4% as China prepares for imposing national legislature in Hong Kong. This led SGX Nifty to trade 50 points lower. VIX is at 2 months low at 33. Today at 10 am, RBI will brief the media.

Note: Markets will be closed on Monday 25th May on the occasion of Eid.

Today’s results announcement: UPL, JSW Steel, IDFC First Bank, Trent, Bosch

Results update:
Inline estimates: Hindustan Zinc, Bajaj Finserve, BSE
Below estimates: Colgate

Global market:
DOW: -101
SGX NIFTY: -50 (prev.close 9081)
NIFTY 50 : 9106
Sensex : 30932

Institution:
FII: -259 Cr
DII: +402 Cr

NSE:
Advances: 1323 / Declines: 925

Currency:
Dollar: $ 75.60

Commodity:
Gold: $1725 per ounce
Crude: $35.30 per barrel (down 2%)

Bonds:
10 year US bond rate: 0.66
10 year Indian Bond rate: 6.03

Update:
Reliance Industries: Overseas investment fund KKR to buy a 2.32% stake on Reliance Jio worth Rs11367cr.

Derivative View – VIX closed at 32.98. Max Put OI is at 9000 than 8800 while Max Call OI is at 9300 then 9500 strikes. Options data indicates a wider range between 8800 to 9500 zone.

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Prashant Kumar

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