Insight Online News
From Advisory Desk : Vikash Sahay
31st August 2021
Actionable: Buy Divis Lab, ICICI Bank, Indiabulls housing Finance, Mahindra lifespaces.
SGX NIFTY: -30 (prev.close 16964)
NIFTY 50 : 16931
Sensex : 56889
FII: +1203 Cr
DII: +689 Cr
Advances: 2202 / Declines: 1114
Dollar: $ 73.26
Dollar Index: 92.65
Gold: $1815 per ounce
Crude: $71.85 per barrel
10 year US bond rate: 1.27
10 year Indian Bond rate: 6.23
Reliance industries: As per reports, Reliance close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp (ChemChina). The purchase will help RIL access cutting-edge technology and global manufacturing capabilities as it continues with its recently announced March into green energy.
KNR Constructions: Board approves dilution of entire stake in three subsidiaries to Cube Highways. Earlier plan was to sell 49% stake, approximate consideration for 3 projects on completion is 466 cr.
Securities in BAN: NIL.
Derivative View : VIX closed at 13.31. Max Put OI is at 16800 then 16900. Max Call OI is at 17000 then 17100. Option data suggests a trading range between 16800 to 17100.