Actionable: Buy Godrej Properties, Voltas, Sun Pharma.

From Advisory desk : Vikash Sahay

2nd August 2021

Market Outlook: SGX Nifty is up by 100 points on back of strong GST monthly collection and good opening by global markets. In the month of July, FIIs have sold stock amounting to Rs 24000 cr, However strong participation from retail segment has holded Nifty above 15600.

Actionable: Buy Godrej Properties, Voltas, Sun Pharma.
 
Global market:
DOW:  -149
SGX NIFTY:   +110  (prev.close 15774)
NIFTY 50 : 15763
Sensex : 52586

Institution:
FII:                      -3848 Cr
DII:                     +2957 Cr

NSE:
Advances: 1782 / Declines: 1449

Currency:
Dollar: $ 74.41
Dollar Index: 92.11

Commodity:
Gold: $1815  per ounce
Crude: $74.55  per barrel

Bonds:
10 year US bond rate: 1.23
10 year Indian Bond rate: 6.20

Derivative:
PCR: 0.90
VIX:  12.80

Today’s results announcement: HDFC, PNB, RBL Bank, Emami, Balaji amines, Castrol india, CG power, orient cement, Shree renuka sugars, Varun beverages.

Results update:
Above estimates: Sun pharma, IOC, ABFRL,
Inline estimates: NTPC, Exide industries, Britannia, Marico, Aegis logistics, Bandhan Bank
Below estimates: UPL, PI industries, JSW energy, BHEL,  KEC international, Equitas holdings

Updates:

PI Industries: Announces acquisition of API & intermediates division of Ind Swift labs for an EV of Rs.1540 crore. API business had a revenue of Rs.856 cr and EBITDA margins of 23% in FY2020.

Securities in BAN: SUNTV.

Derivative View : VIX closed at 12.80. Max Put OI is at 15700 then 15500. Max Call OI is at 15900 then 15800. Option data suggests a trading range between 15500 to 15900.

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