Actionable: Buy Bharti Airtel & Maruti.

Insight Online News

From Advisory Desk : Vikash Sahay

19th March 2021 : Market Outlook: Due to rising 10 year US bond yield above 1.70% led NASDAQ to close lower by 3%. Asian markets too were trading half a percent lower and SGX Nifty was down  by 75 points. Overnight Crude slipped by 7% below $ 64. The crucial support for Nifty is at 14300.

Actionable: Buy Bharti Airtel & Maruti.

IPO Listing : Easy Trip Planners shares to start trading in exchanges today after oversubscribed by 160 times.

Global market:
DOW:  -153
SGX NIFTY:   -75  (prev.close 14595)
NIFTY 50 : 14557
Sensex : 49216

Institution:
FII:                    +1258 Cr
DII:                    -1116 Cr

NSE:
Advances: 771 / Declines: 2219

Currency:
Dollar: $ 72.53
Dollar Index: 91.90

Commodity:
Gold: $1729  per ounce
Crude: $63.70  per barrel

Bonds:
10 year US bond rate: 1.71
10 year Indian Bond rate: 6.20

Derivative:
PCR: 0.89
VIX:  20.08

Updates:
 
IT Companies: Accenture reported very strong Q2 results led by Healthcare, outsourcing and Financial services business, New bookings up by 13 % yoy, also revised revenue guidance for full year FY21 to 6.5-8.5% from 4-6% earlier.
 
Future retail and Reliance: Delhi high court on Thursday upheld Singapore Emergency Arbitrator’s order restraining future retail from going ahead with its Rs.24,713 crore deal with Reliance retail.

Securities in BAN: IDEA, SUN TV.
 
Derivative View : VIX closed at 20.08. Max Put OI is at 14500 then 14300. Max Call OI is at 14900 then 14800. Option data suggests a trading range between 14500 to 14800.

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