From Advisory Desk : Vikash Sahay
1st December 2020 : Market Outlook : US markets ended flat. Asian markets are trading up in green and SGX Nifty is trading flat. Over the weekend Moderna declared their vaccine to be 100% effective, Gold trades below $ 1800, GDP numbers are better than expected and FIIs bought 7700 on the last trading session of November, which takes their total buying for the month to 65,000 cr, the highest ever in one single month. Albeit Nifty ended flat on last trading session, however Midcap and Small rallied up by 2-3%. We expect action in mid cap counters to continue especially auto counters as the monthly auto sales number will be out.
Actionable: Buy Asian Paints, TVS motors, Tata consumer.
IPO: Burger King India
Date: 2 to 4 Dec.
Price Band: ₹ 59 – ₹ 60
Lot: 250 Shares
SGX NIFTY: +10 (prev.close 12993)
NIFTY 50 : 12968
Sensex : 44149
FII: +7713 Cr
DII: -4969 Cr
Dollar: $ 74.05
Gold: $1783 per ounce
Crude: $47.60 per barrel
10 year US bond rate: 0.85
10 year Indian Bond rate: 5.91
Granules India: As per media reports, Carlyle group is in advanced stages to acquire Granules India for around $1 billion. Carlyle is expected to initially buy promoter shares which will trigger an open offer to acquire additional stake from others.
Glenmark & Dr. Reddy’s: Glenmark Pharmaceuticals enters definitive agreement with Dr.Reddy’s Laboratories to divest select anti allergy brands to DRL for Russia, Kazakhstan and Uzbekistan.
Securities in Ban: NIL
Derivative View : VIX closed at 19.80. Max Put OI is at 12900 then 12800. Max Call OI is at 13000 then 13100. Option data suggests a trading range between 12800 to 13200.
Dear all, peak margin has been implemented from today which requires at least 25% of margin in advancement of the trade. Any additional limits used for intra day should also be complied with this norm. The penalty would be charged on intra day peak margin utilisation or EOD margin which ever is higher. Pl use additional limit very carefully and to the extent of allowed norms only. In cash market require 25% of 20% irrespective of any scrip margin and in other segment 25% of span and exposure margin to comply with peak margin.