Actionable : Buy Eicher Motors, Jindal steel, SBI
From Advisory Desk : Vikash Sahay
4th January 2021 : Market Outlook’;ver the weekend, Indian regulator has provided their consent to two vaccines in India. GST collection hits the sky high by a record number of 1.15 lk crore, the highest ever since GST inception. Hence SGX Nifty is up by 100 points. Gold surged to $ 1915 as dollex continues to fall. Asian markets are trading in mix. Markets to take direction based on the Q3 numbers.
Actionable: Buy Eicher Motors, Jindal steel, SBI
Global market:
DOW: +196
SGX NIFTY: +100 (prev.close 14016)
NIFTY 50 : 14018
Sensex : 47868
Institution:
FII: +506 Cr
DII: +69 Cr
NSE:
Advances: 2044 / Declines: 967
Currency:
Dollar: $ 73.12
Commodity:
Gold: $1921 per ounce
Crude: $52.15 per barrel
Bonds:
10 year US bond rate: 0.94
10 year Indian Bond rate: 5.90
Updates:
Cadila healthcare: Zydus cadila receives approval from the DCGI to start phase 3 clinical trial of its indigenous developed vaccine ZyCoV-D.
BEML: Government of india invites Expression of interest for 26% stake sale in the company along with transfer of management control.
IT Companies: US president Donald trump has extended the freeze on H1-B visas along with other type of foreign work visas by another three months until March 31.
Securities in Ban: Nil.
Derivative View : VIX closed at 19.56. Max Put OI is at 14000 then 13900. Max Call OI is at 14000 then 14200. Option data suggests a trading range between 13800 to 14200.
