Insight Online News
From Advisory Desk : Vikash Sahay
10th August 2022
Market Outlook: US markets closed lower on latest weak earnings outlook. However, futures were trading flat ahead of CPI data this evening. Crude oil prices remain stable hovering near $96. Asian markets have started on a weak note, with SGX is indicating a flat opening. On domestic front, FIIs have remained as net buyers to the tune of Rs.8,500cr so far in August month. On Monday, Nifty broke out immediate resistance of 17500 level and closed near days high. Now, Nifty has to sustain the same for further upmove towards 17800.
Actionable: Buy Bharti Airtel, HDFC Ltd, Indian Hotel, Siemens.
SGX NIFTY: -40 (prev.close 17540)
NIFTY 50 : 17525
Sensex : 58853
FII: + 1450 Cr
DII: – 141 Cr
Advances: 1894 / Declines: 1613
Dollar: $ 79.66
Dollar Index: 106.34
Gold: $1809 per ounce
Crude: $96.35 per barrel
10 year US bond rate: 2.78
10 year Indian Bond rate: 7.34
Today’s Result – Coal India, Eicher Motors, Hindalco Industries, Tata Consumer, IRCTC, Aarti Industries, Abbott India, Arvind Fashions, Ashoka Buildcon, CESC, Cochin Shipyard, Cummins India, Endurance Technologies, General Insurance Corporation of India, Glenmark Pharmaceuticals, Indiabulls Housing Finance, Ipca Laboratories, Indian Railway Finance Corporation, ITI, Jammu & Kashmir Bank, Jaiprakash Associates, Mazagon Dock Shipbuilders, Medplus Health Services, Metropolis Healthcare, NHPC, Oil India, Patanjali Foods, Pidilite Industries, PB Fintech, Radico Khaitan, Sadbhav Engineering, SAIL, and Zydus Lifesciences.
Above estimates: Indian Hotel, CUB, Tata Chemicals, Fine Organic, GR Infraprojects, Galaxy Surfactants, Granules, IGL, NCC, PNV Infra, Chemcon
Inline estimates: Bharti Airtel, Suven pharma,
Below estimates: Nalco, Samvardhana Motherson, MRF, Adani port
Apollo Hospital – Company has acquired a hospital asset in Gurugram from Nayati Healthcare and Research NCR Pvt Ltd for around Rs.450 crore. The acquired complex is situated on a hospital-zoned land with a potential of 650 beds spread over 7 lakh square feet.
Torrent Power: Company has received shareholders’ approval for raising up to ₹2,000 crore through the issuance of non-convertible debentures (NCDs).
Granules – Company approved proposal to buy back up to 6.3 mln shares at Rs.400 per share. Record date is 23rd August.
Securities in Ban: Balrampur Chini, Delta Corp, Escorts.
Derivative View: Immediate Max Put OI is at 17400 and 17300 and Max Call OI is at 18000 and 17600. Option data suggests a wider trading range between 17000 to 18000.