Insight Online News
From Advisory Desk : Vikash Sahay
24th May 2021, Market outlook: Asian markets are in red by a quarter percent including SGX Nifty which is down by 75 points. VIX is lower than 20. SBI results were one of the best performance in very long time and hence we saw Rs 1300 cr delivery buying. Also, Nifty is just 250 points away from life high. Good results declared by companies and anticipation of unlocking will keep the markets positive.Actionable: Buy Axis Bank, United Spirits, Natco pharma, Motherson sumi.Global market:DOW: +123SGX NIFTY: -80 (prev.close 15226)NIFTY 50 : 15175Sensex : 50540Institution:FII: +510 CrDII: +649 CrNSE:Advances: 1914 / Declines: 1220Currency:Dollar: $ 72.83Dollar Index: 90.05Commodity:Gold: $1886 per ounceCrude: $66.75 per barrelBonds:10 year US bond rate: 1.6210 year Indian Bond rate: 5.98Derivative:PCR: 0.70VIX: 19.08 Today’s results announcement: Grasim industries, MGL, Ramco cements, India cements, ADF foods, Balaji amines, Barbeque- nation, Dalmia bharat sugar, IG Petro, JK paper, poly medicure, Ramco industries.Results update:Above estimates: SBI, United spirits, Hindalco, JSW steel, MCXInline estimates: Amara Raja batteries, CG Consumer, Shree cementBelow estimates: Shoppers stop, Container Corp. Updates: Natco pharma: Gets final approval for Lenalidomide(REVLIMID)capsules from the USFDA. Recently, dispute with the parent company settled which will pave a way first company to launch generic version of the drug in March 2022. Also, receives final approval for Everolinus tablets in the US market which had generated annual sales of $162 million.Index Rejig:Tata steel to replace ONGC in Sensex with effective from 21st June, 2021.Gland pharma and IRFC are included in FTSE All world index announced in the Quarterly review of FTSE GEIS with effective from 21st June, 2021. Securities in BAN: BHEL, JINDALSTEL, NALCO, PNB, SAIL. Derivative View : VIX closed at 19.08. Max Put OI is at 15000 then 14800. Max Call OI is at 15500 then 15400. Option data suggests a trading range between 14800 to 15500.