Actionable: Buy Axis Bank, Maruti, L&T.

From Advisory Desk ; Vikash Sahay

25th May 2021
 
Market outlook: US markets ended in green,  led by technology stocks. Asian markets are up by half a percent and SGX Nifty is up by 100 points. In anticipation of unlocking of economy, Nifty is all poised to surpass life high, which is mere 250 points away. Banking counters are the one’s whose leading the way for Nifty.

Actionable: Buy Axis Bank, Maruti, L&T.

Global market:
DOW:  +186
SGX NIFTY:   +100  (prev.close 15201)
NIFTY 50 : 15197
Sensex : 50651

Institution:
FII:                      +585 Cr
DII:                      -708 Cr

NSE:
Advances: 1925 / Declines: 1290

Currency:
Dollar: $ 72.96
Dollar Index: 89.78

Commodity:
Gold: $1874  per ounce
Crude: $68.55  per barrel

Bonds:
10 year US bond rate: 1.60
10 year Indian Bond rate: 5.97

Derivative:
PCR: 0.80
VIX:  19.13

Today’s results announcement: Alkem labs, Bajaj electricals, Emami, AstraZeneca, Bayer, CAMS, Gati, Indoco remedies, thermal, VIP industries.
 
Results update:
Above estimates: Grasim industries, Balaji amines
Inline estimates: MGL, Ramco cements, India cements
 
Updates:
 
Amara Raja batteries: Clarios ARBL Holding LP to sell 10% stake in the company for about Rs.1,274 crore through block deals today at a floor price of Rs.746 per share, which implies a discount of 4.82% to previous closing price.
 
Securities in BAN: BHEL, CANBK, PNB.
 
Derivative View : VIX closed at 19.13. Max Put OI is at 15000 then 15100. Max Call OI is at 15500 then 15300. Option data suggests a trading range between 15000 to 15500.

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