Actionable : Buy Axis Bank & Tata Chemical.

Insight Online News

From Advisory Desk : Vikash Sahay

28th April 2021 Market outlook: US markets ended flat. Asian market are trading in mix and SGX Nifty is trading above 14650. FIIs have sold over Rs 10,000 cr in the month so far. Yesterday Banks and Metals led Nifty to close higher. Corporate results announcement and covid cases will shape the market for next few weeks.

Actionable: Buy Axis Bank & Tata Chemical.

Global market:
DOW:  +3
SGX NIFTY:   +15  (prev.close 14659)
NIFTY 50 : 14653
Sensex : 48944

Institution:
FII:                     -1455 Cr
DII:                    +1463 Cr

NSE:
Advances: 1921 / Declines: 1037

Currency:
Dollar: $ 74.65
Dollar Index: 90.97

Commodity:
Gold: $1771  per ounce
Crude: $65.65  per barrel

Bonds:
10 year US bond rate: 1.63
10 year Indian Bond rate: 6.06

Derivative:
PCR: 0.87
VIX:  23.08

Today’s results announcement: Bajaj finserve, Biocon, Mastek, Tata communications, UTI AMC, KPIT technology, KPR mills, Chennai petroleum, Hathway cable.
 
Results update:
Above estimates: Axis bank, Hindustan zinc, TVS motors, Symphony
Inline estimates: HDFC AMC, Bajaj finance, NAM india
Below estimates: Maruti Suzuki, United Breweries, Britannia industries.

Updates:
 
Info edge: Zomato ltd is proposing an IPO of its equity shares, comprising of fresh issue of equity shares by zomato ltd and offer for sale by info edge. Company will sell stake worth of Rs.750 crore via OFS in the IPO.

Lupin: Company settles patent lawsuit with Ligand pharma over cancer drug Evomela.
 
Securities in BAN:  SAIL.
 
Derivative View : VIX closed at 23.08. Max Put OI is at 14500 then 14400. Max Call OI is at 14800 then 14900. Option data suggests a trading range between 14400 to 14900.

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