Actionable: Buy Asian Paints, Coal India, KPIT Tech.

Insight Online News

From Advisory Desk : Vikash Sahay

27th July 2022

Market Outlook: US markets closed lower by upto 2% on worries about inflation impact on corporate earnings after Walmart’s warning on profit outlook and on lower consumer confidence data. However, futures were trading higher after a strong earnings forecast from large tech shares. The FOMC meeting has kicked-off and markets continue to imply a 75 bps rate hike from the central bank. Indian markets could open flat largely inline with flat to negative Asian markets. On domestic front, Nifty fell for the second consecutive day majorly due to weakness in IT stocks. India VIX continues to raise for the second day. We expect markets to trade in sideways however stock specific action will continue.

Actionable: Buy Asian Paints, Coal India, KPIT Tech.

Global market:

DOW: -228

SGX NIFTY: +/- 1 (prev. close 16476)

NIFTY 50 : 16483

Sensex : 55268

Institution:

FII: – 1548 Cr

DII: + 999 Cr

NSE:

Advances: 1110 / Declines: 2228

Currency:

Dollar: $ 79.78

Dollar Index: 107.05

Commodity:

Gold: $1715 per ounce

Crude: $99.35 per barrel

Bonds:

10 year US bond rate: 2.80

10 year Indian Bond rate: 7.36

Derivative:

PCR: 0.93

VIX: 18.17

Today’s Result – Tata Motors Ltd, Maruti Suzuki India Ltd, APL Apollo Tubes Ltd, Bajaj Finance Ltd, Biocon Ltd, Blue Dart Express Ltd, Colgate-Palmolive (India) Ltd, Coromandel International Ltd, Dhampur Sugar Mills Ltd, Dixon Technologies (India) Ltd, EIH Ltd, Gujarat Fluorochemicals Ltd, Home First Finance Company India Ltd, IIFL Finance Ltd, JK Lakshmi Cement Ltd, Jindal Stainless (Hisar) Ltd, JSW Holdings Limited, Khaitan Chemicals & Fertilizers Ltd, Powergrid Infrastructure Investment Trust, Poonawalla Fincorp Ltd, Schaeffler India Ltd, Shiva Cement Ltd, Shriram City Union Finance Ltd, SKF India Ltd

Results update:

Above estimates: Asian Paints, Union bank of india, Bajaj Auto, L&T, IEX, KPIT, KEI Industries, Ujjivan SFB, SIS, Ethos

Inline estimates: Shoppers Stop

Below estimates: Ramco systems, United spirits, EPL

Updates:

Piramal Enterprises Ltd – Company has received licence from the Reserve Bank of India (RBI) to launch a non-banking finance company (NBFC).

Wipro – Company has received a five year contract from Nokia for digital transformation

Defence Sector – The Defence Ministry approved the procurement of military equipment and weapons worth ₹28,000 crore, which included swarm drones, carbines and bulletproof jackets.

Securities in Ban: Delta Corp, IBULHSGFIN.

Derivative View: Immediate Max Put OI is at 16500 and 16400 and Max Call OI is at 16700 and 16800. Option data suggests a wider trading range in between 16200 to 16800.

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