Insight Online News
From the Advisory desk : Vikash SAhay
11-Jan-2021 : Market Outlook – Dow futures starts the week with half a percent lower. However Asian markets are up by half a percent. SGX Nifty is up by 50 points. Gold and Silver plunged by 4% and 9% respectively as the treasury yields are the rise. IT and Auto took Nifty to a new level on last trading session. TCS results was exemplary and the commentary was positive. FIIs are back with 6000 cr buying on Friday. From here on, markets would be directed by quaterly results and the Union budget.
Actionable: Buy Eicher Motors, Apollo hospital, SBI life.
SGX NIFTY: +50 (prev.close 14376)
NIFTY 50 : 14347
Sensex : 48782
FII: +6030 Cr
DII: -2373 Cr
Advances: 1734 / Declines: 1388
Dollar: $ 73.24
Dollar Index: 90.36
Gold: $1827 per ounce
Crude: $55.55 per barrel
10 year US bond rate: 1.12
10 year Indian Bond rate: 5.89
Vedanta announces 10% equity open offer for India unit (Vedanta Ltd) at Rs160 a share – 12% discount of CMP.
Securities in ban: SAIL
Derivative View: PCR is 1.70. VIX at 20.94. On option front, Minor Call writing is seen at 14400 then 14700 strike while Put writing is seen at 14200 then 14300 strike. Option data suggests a wider trading range in between 14000 to 14600 zones.