Actionable: Buy Divis Lab, Ultratech cement, HDFC Bank.

Insight Online News

From Advisory Desk : Vikash SAhay

8th February 2021 : Market Outlook: Senate has voted in favor to adopt the relief package of $ 1.9 trillion. This led Dow futures & Asian markets to trade up by half a percent. SGX Nifty is up by 80 points. FIIs have bought stock amounting to Rs 13,000 cr in this month so far. RBI kept the repo rate unchanged at 4% and continous to remain with accomdoative stance. It also expect GDP growth of 10.5% in FY22. We remain positive on the Indian market with a long term view.

Actionable: Buy Divis Lab, Ultratech cement, HDFC Bank.

Global market:
DOW:  +92
SGX NIFTY:   +90  (prev.close 14942)
NIFTY 50 : 14924
Sensex : 50731

Institution:
FII:                   +1462 Cr
DII:                   -1419 Cr

NSE:
Advances: 1289 / Declines: 1688

Currency:
Dollar: $ 72.92
Dollar Index: 91.09

Commodity:
Gold: $1814  per ounce
Crude: $59.85  per barrel

Bonds:
10 year US bond rate: 1.18
10 year Indian Bond rate: 6.09

Derivative:
PCR: 0.92
VIX:  23.41

Today’s results announcement: BPCL, ABFRL, Godrej Consumer, NMDC, Sun TV, Balkrishna industries, AstraZeneca pharma, SPARC, Torrent pharma.

Results update:
Above estimates: M&M, Gujarat gas, Jubilant life sciences, GSK pharma
Inline estimates: Britannia, AB Capital, Divis labs, Cadila healthcare, Ashoka buildcon, NH, PNB
Below estimates: BHEL, Alkem labs

Securities in Ban: BHEL,SAIL, PNB.

Derivative View : VIX closed at 23.41. Max Put OI is at 14700 then 14900. Max Call OI is at 15000 then 15200. Option data suggests a trading range between 14700 to 15200.

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