Actionable : Buy Dalmia Cement, Berger Paints, Voltas

From Advisory Desk : Vikash Sahay

6th November 2020 : Market Outlook: The votes counting so far has signified that we will have a new US President, but the Senate seems to remains with Trump’s Republicans. Overnight US Fed has kept interest near to zero which led US markets to close up by 2%. However Asian markets are trading in mix, while gold spiked by 3% and silver by 5%. SGX Nifty is trading flat. Yesterday metal and banks took Nifty in a upside new trading zone.

Actionable: Buy Dalmia Cement, Berger Paints, Voltas

Global market:
DOW: +542
SGX NIFTY: -15 (prev.close 12175)
NIFTY 50 : 12120
Sensex : 41340

Institution:
FII: +5368 Cr
DII: -2208 Cr
NSE:
Advances: 1746 / Declines: 912
Currency:
Dollar: $ 74.39
Commodity:
Gold: $1945 per ounce
Crude: $40.25 per barrel
Bonds:
10 year US bond rate: 0.77
10 year Indian Bond rate: 5.86

Today’s results announcement: Cipla, ITC, Vedanta, AB Fashion, Ashok Leyland, Astral Poly, Balkrishna Inds, BEML, BEL, BHEL, CreditAccess Grameen, Glenmark, Dr Lal Pathlabs, Gulf Oil, India Cements, Manappuram Fin, MRF, REC, SCI, Tata Consumer Products, United Breweries, Voltas, VRL Logistics.

Results update:
Above estimates: Dalmia bharat, Berger paints, Emami, Birla corp, AB Capital, Gujarat gas, Concor, Bajaj electricals.
Inline estimates: Godrej Consumer, Lupin
Below estimates: Thermax

Updates:

Reliance industries: Saudi’s Public investment fund to invest Rs.9,555 crore in Reliance Retail venture for 2.04% stake in the company.

Securities in Ban: SAIL

Derivative View : VIX closed at 20.96. Max Put OI is at 12000 then 11800. Max Call OI is at 12500 then 12200. Option data suggests a trading range between 11800 to 12500.

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