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.
SGX NIFTY: -75 (prev.close 14595)
NIFTY 50 : 14557
Sensex : 49216
FII: +1258 Cr
DII: -1116 Cr
Advances: 771 / Declines: 2219
Dollar: $ 72.53
Dollar Index: 91.90
Gold: $1729 per ounce
Crude: $63.70 per barrel
10 year US bond rate: 1.71
10 year Indian Bond rate: 6.20
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.