Actionable: Buy HDFC Bank, ICICI Bank, Havells, ICICI Lombard

Insight Online News

From Advisory Desk : Vikash Sahay

6th January 2021 : Market Outlook – Markets across the globe are closely watching the results of Georgia runoff elections. Hence Dow Futures is down by a quarter percent, Asian market is flat to positive, SGX Nifty is flat. In midst of all this, Gold is up to $1948 and crude surged by 5%. Yesterday IT and Banks kept the Nifty to close in green. Bank Nifty is only 400 points away from life high and HDFC Bank have announced strong operational data of Q3.

Actionable: Buy HDFC Bank, ICICI Bank, Havells, ICICI Lombard

Global market:
DOW: +167
SGX NIFTY: -5 (prev.close 14227)
NIFTY 50 : 14199
Sensex : 48437

Institution:
FII: +986 Cr
DII: -490 Cr

NSE:
Advances: 1751 / Declines: 1317

Currency:
Dollar: $ 73.18

Commodity:
Gold: $1951 per ounce
Crude: $53.90 per barrel

Bonds:
10 year US bond rate: 0.98
10 year Indian Bond rate: 5.85

Updates:

HDFC Bank Q3 update: Hdfc bank Q3 provisional numbers shows strong Q3 business growth on account of continued strong momentum in loans and deposits, with advances grew by 16% yoy, deposits up by 19% yoy while CASA ratio at 43%.

Godrej Consumer Q3 update: Demand trends across key categories like Soaps, Hair colors and Household insecticides remained stable. Company expects to deliver close to low double- digit sales growth led by higher-single digit volume growth.

Securities in Ban: SAIL.

Derivative View : VIX closed at 20.46. Max Put OI is at 14000 then 14100. Max Call OI is at 14300 then 14400. Option data suggests a trading range between 14000 to 14400.

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