Actionable: Buy Divis labs, Zee Entertainment, Drlalpath labs.

Insight Online News

From Advisory Desk : Vikash Sahay

29th November 2021

Market Outlook: Globally, the markets have started the week on mixed note, with SGX Nifty is indicating a positive opening above 17100. Crude oil and US 10-year bond yields rebounded from lows after sharp correction in the last week. FII’s continued their selling in cash segment over Rs.25,000 crore in the two weeks. On Friday, indian markets witnessed heavy selling pressure on account of global cues. India VIX continue to increase from past few days and trading above 20, indicating volatility to continue in markets.

Actionable: Buy Divis labs, Zee Entertainment, Drlalpath labs.

Global market:
DOW:  -905
SGX NIFTY:   +65  (prev.close 17043)
NIFTY 50 : 17026
Sensex : 57107

Institution:
FII:                    -5786 Cr
DII:                   +2294 Cr

NSE:
Advances: 1023 / Declines: 2290

Currency:
Dollar: $ 74.87
Dollar Index: 96.25

Commodity:
Gold: $1795  per ounce
Crude: $74.65  per barrel

Bonds:
10 year US bond rate: 1.54
10 year Indian Bond rate: 6.33

Derivative:
PCR: 0.96
VIX:  20.80

Updates

Reliance industries: Jio raises prepaid tariffs by 20% effective from December 1, following the price hikes by Vodafone idea and Bharti airtel. Also, in another new reports Reliance industries weighs bid for UK’s telecom BT group.

Ashok leyland: Vipin Sondhi, MD& CEO of the company resigns with immediate effect due to personal reasons. Dheeraj Hinduja, will take over as executive chairman with immediate effect.

Indusind bank: As per reports, Promoters are planning to infuse $1 billion funds into the company to raise stake to 26% from current 16.54% after the regulator last week allowed bank promoters to raise ownership to 26% of the total equity.

Securities in Ban:  IBULHSGFIN.

Derivative View : VIX closed at 20.80. Max Put OI is at 17000 then 16800. Max Call OI is at 17300 then 17200. Option data suggests a trading range between 16800 to 17300.

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