Actionable: Buy Axis Bank, LIC Housing & Infosys.

Insight Online News

From Advisory Desk : Vikash Sahay

16th February 2021 : Market Outlook: Dow futures is up by half a percent and Asian markets are up by a percent. However SGX Nifty is trading flat. FIIs bought in cash Rs 1200 cr. Yesterday Banks and financials drove nifty to close a percent higher. One can apply a stop loss of 14900 for positional trades. However we remain positive on market in long term view.

Actionable: Buy Axis Bank, LIC Housing & Infosys.

Global market:
DOW: +27 (unchanged)
SGX NIFTY: +5 (prev.close 15340)
NIFTY 50 : 15314
Sensex : 52154

Institution:
FII: +1234 Cr
DII: -1049 Cr

NSE:
Advances: 1358 / Declines: 1681

Currency:
Dollar: $ 72.68
Dollar Index: 90.29

Commodity:
Gold: $1825 per ounce
Crude: $63.40 per barrel

Bonds:
10 year US bond rate: 1.25
10 year Indian Bond rate: 6.02

Derivative:
PCR: 0.85
VIX: 21.47

Updates:

Wipro & Tech mahindra: Announces a strategic partnership with Telefonica Germany/ O2, a leading provider of mobile communications, broadband and landline in Germany to support its end-to-end IT transformation.

Poly Medicure ltd: Company launches QIP on Monday, at a floor price of Rs.550.79 per share, which is a discount of 16% to yesterday’s closing price. The board will meet on Feb 18, 2021 to decide the issue price as well as share allotment and the company may offer a discount of not more than 5% on the floor price at its discretion.

SIS : Board approved buyback of 18.18 lakh shares at Rs.550 per share aggregating to Rs.100 cr. Company will buyback 1.24% of equity through tender route.

Securities in Ban: BHEL, SAIL.

Derivative View : VIX closed at 21.47. Max Put OI is at 15000 then 15200. Max Call OI is at 15500 then 15600. Option data suggests a trading range between 15000 to 15500.

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