Actionable: Buy DLF & Titan

From Advisory Desk : Vikash Sahay

3rd August 2021

Market Outlook: SGX Nifty has started lower by 50 points and  Asian markets too started lower by one percent as covid cases are on rise in Western countries and selected Asian countries. Crude corrected by 4%. In India, the unlock themed stocks would find attraction as States across the country have started easing restrictions. Nifty realty index is having a stellar run and will continue to have the same.

Actionable: Buy DLF & Titan.

Emerging star (IPO basket):  Buy Zomato, Gland pharma, Solar BW, Clean science, Nazara, MTAR, Stovecraft, Nureca.

Global market:
DOW:  -97
SGX NIFTY:   -40  (prev.close 15911)
NIFTY 50 : 15885
Sensex : 52950

Institution:
FII:                      -1540 Cr
DII:                     +1506 Cr

NSE:
Advances: 2140 / Declines: 1197

Currency:
Dollar: $ 74.34
Dollar Index: 92.04

Commodity:
Gold: $1813  per ounce
Crude: $73.20  per barrel

Bonds:
10 year US bond rate: 1.19
10 year Indian Bond rate: 6.20

Derivative:
PCR: 0.87
VIX:  12.80

Today’s results announcement: Bharti airtel, Adani ports, Dabur, Adani enterprises, Tata Consumer, Godrej properties, Bank of india, Barbeque, Bajaj healthcare, Inox leisure, Care ratings, Dhampur sugar, Prataap snacks, IIFL wealth management, Kajaria ceramics, Kalpataru power, NOCIL, SCI, Simplex realty.

Results update:
Above estimates: Varun beverages, HDFC
Inline estimates: Emami, PNB
Below estimates: Vinati organics, RBL bank, Castrol

Updates:

Adani enterprises: Edilble oil firm Adani Wilmar, a joint venture between Adani group and Wilmar group filed draft papers with SEBI to launch its IPO to raise upto Rs.4,500 crore and the net proceedings will be used for expansion of the business. Adani Wilmar, owner of Fortune brand of edible oils and other products with annual turnover of more than Rs.30,000 crore.

Securities in BAN: SUNTV.

Derivative View : VIX closed at 12.80. Max Put OI is at 15800 then 15700. Max Call OI is at 15900 then 16000. Option data suggests a trading range between 15700 to 16000.

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