Actionable: Buy HDFC Bank, Sun pharma, Clean science and technology.

Insight Online News

From Advisory Desk : Vikash Sahay

5th October 2021 : Market Outlook: US markets closed in red led by heavyweight tech companies as investors concerned about inflationary pressues and tighter monetary policy. Asian markets too have started in red inline with global markets, with SGX Nifty is trading lower by 150 points. Crude oil prices advanced to 3% after OPEC+ sticking to their existing output policy. Yesterday, Nifty opened on a positive note and gradually moved to higher levels with strong advance decline ratio of 4:1 at close. Overall, we remain positive till Nifty holds 17450 and continue to recommend for buying on dips.
 
Actionable: Buy HDFC Bank, Sun pharma, Clean science and technology.
 
Smart Technical Basket( Travel & Tourism 2.0): Buy Titan, SBI Cards, Indigo, PVR, Trent, Phoenix Mills.
 
Global market:
DOW:  -323
SGX NIFTY:   -150  (prev.close 17710)
NIFTY 50 : 17691
Sensex : 59299

Institution:
FII:                     +860 Cr
DII:                     +228 Cr

NSE:
Advances: 2327 / Declines: 1045

Currency:
Dollar: $ 74.31
Dollar Index: 93.93

Commodity:
Gold: $1764  per ounce
Crude: $81.45  per barrel

Bonds:
10 year US bond rate: 1.47
10 year Indian Bond rate: 6.25

Derivative:
PCR: 0.88
VIX:  16.73

Updates:
 
ICICI Lombard: France’s AXA plans to sell nearly 3.8% stake in the company for about Rs.2,759 crore at upper end of price through block deals today at a price range of Rs.1498-1577 per share, which implies a discount of 0-5% to previous closing price.

HDFC Bank Q2 update: Hdfc bank Q2 provisional numbers shows strong Q2 business growth on account of continued strong momentum in loans, with  advances grew by 15.4% yoy, deposits up by 14.4% yoy while CASA ratio at 47%.

M&M financial services: Company had given monthly business update for September month. The total disbursements at Rs.1900 crore delivered 23% YoY growth and collection efficiency improved to 100% from 97% in August month. This resulted in further reduction in the NPA contracts during the month and expecting the downward trajectory to continue in coming months.
 
Securities in BAN: NIL.
 
Derivative View : VIX closed at 16.73. Max Put OI is at 17600 then 17400. Max Call OI is at 17700 then 17800. Option data suggests a trading range between 17400 to 17800.

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