Actionable: Buy DLF, Kotak Mahindra Bank, LTTS, ABFRL.

Insight Online News

From Advisory Desk : Vikash Sahay

3rd September 2021

Market Outlook: US markets ended at another all time high on back of better than expected jobs data. However, Asian markets have started in mix, with SGX Nifty trading slightly higher by 20 points. Dollar index weakness to 1 month low of 92.17. Yesterday, markets had opened positively and gradually moved to all time high with strong advance decline ratio of 3:1 at close. Now, Nifty has entered into an uncharted territory with 17,000 level as an immediate support zone and we expect the momentum to continue.

Actionable: Buy DLF, Kotak Mahindra Bank, LTTS, ABFRL.

Global market:
DOW:  +131
SGX NIFTY:  +20  (prev.close 17259)
NIFTY 50 : 17234
Sensex : 57852

Institution:
FII:                     +349 Cr
DII:                     +382 Cr

NSE:
Advances: 1942 / Declines: 1245

Currency:
Dollar: $ 73.06
Dollar Index: 92.18

Commodity:
Gold: $1813  per ounce
Crude: $72.95  per barrel

Bonds:
10 year US bond rate: 1.29
10 year Indian Bond rate: 6.17

Derivative:
PCR: 0.93
VIX:  14.24

Updates:

HDFC Life: As per reports, Company is in talks to acquire Exide life for an value of approx Rs.4,000 cr. Company’s board to meet today to consider issue of equity shares or other securities of the company by way of preferential allotment worth of $1 billion.

PNG Housing Finance: SEBI has filed an appeal with supreme court against SAT’s split verdict in the PNB housing- Carlyle deal case.

Securities in BAN: IBUHSGFIN.

Derivative View : VIX closed at 14.24. Max Put OI is at 17000 then 17200. Max Call OI is at 17500 then 17300. Option data suggests a trading range between 17000 to 17500.

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