19th October 2020 : Market Outlook: Dow Future is up by 100 points and Asian markets are trading in green by a percent. SGX nifty is up by 70 points as good set of quarterly result declared by HDFC bank and strong retail demand witnessed on e-commerce platform like Amazon and Flipkart, ahead of festival season. We expect markets to be driven by quarterly results and outcome of US elections, which is 15 days away.
Actionble: Buy Hdfc bank, ICICI bank, federal bank, voltas, Ambuja cement.
SGX NIFTY: +65 (prev.close 11772)
NIFTY 50 : 11762
Sensex : 39982
FII: -480 Cr
DII: -430 Cr
Advances: 1455 / Declines: 1183
Dollar: $ 73.34
Gold: $1904 per ounce
Crude: $42.80 per barrel
10 year US bond rate: 0.76
10 year Indian Bond rate: 5.94
Today’s results announcement: Britannia, HDFC life, ACC, Century textiles, LTTS, Rallis india.
Above estimates: HDFC Bank, HCL Technologies, Tata communications, Federal bank, Oberoi realty
Inline estimates: Dmart
Prestige Estates: Company has signed a non- binding agreement with Blackstone group for divesting stake in identified office and retail assets.
Dr reddy’s: Dr reddy’s & RDIF announced that they have recieced an approval from DGCI to conduct clinical trials for the Sputnik V vaccine in india.
SRF: Company has raised Rs.750 cr through QIP which was closed on Oct 16. Issue price for QIP has been set ar Rs.4,250per share, which is 4.5% discount to Friday’s closing price.
Securities in Ban: IDEA, ADANI ENT, BHEL, JINDALSTEL, CANBK, SAIL, IBULHSGFIN, PNB, PVR, ESCORTS, TATA MOTORS.
Derivative View : VIX closed at 21.64. Max Put OI is at 11700 then 11500. Max Call OI is at 11900 then 12000. Option data suggests a trading range between 11500 to 12000