Actionable: Buy HDFC Bank, Tata Chemicals, Reliance industries.

Insight Online News

From Advisory Desk : Vikash Sahay

27th September 2021

Market Outlook: Globally the markets have started the week on a positive note, with SGX Nifty is trading higher by 90 points. Crude oil surged to 3-year high and trading above $78 due to low inventories and shortage in natural gas. Gold is trading near one month low at $ 1750 after US bond yields spiked to 1.45 %. On Friday, Nifty witnessed a slightly volatile session due to profit booking and closed the index at all time high. Overall, the sentiment remains positive with immediate support at 17800 level.

Actionable: Buy HDFC Bank, Tata Chemicals, Reliance industries.

Global market:
DOW:  +33
SGX NIFTY:  +90  (prev.close 17858)
NIFTY 50 : 17853
Sensex : 60048

Institution:
FII:                     +442 Cr
DII:                     -516 Cr

NSE:
Advances: 1285 / Declines: 1994

Currency:
Dollar: $ 73.70
Dollar Index: 93.22

Commodity:
Gold: $1758  per ounce
Crude: $78.60  per barrel

Bonds:
10 year US bond rate: 1.44
10 year Indian Bond rate: 6.18

Derivative:
PCR: 0.88
VIX:  16.92

Updates:

Biocon: USFDA conducted an on-site pre-approval inspection of thr company’s Malaysian subsidiary for Insulin Aspart. At the conclusion of the inspection, the agency has issued a form 483 with a total of 6 observations across drug substance, drug product and devices facilities.

United breweries: CCI has imposed a penalty of Rs.750 Crores against the company for indulging in cartelization in the sale and supply of beer in several states and union territories.

PVR & Inox leisure: Maharashtra government announced that cinema halls will reopen from Oct 22 by following all covid safety protocols.

Securities in BAN: ESCORTS, CANBK, IBULHSGFIN, IDEA, IRCTC, PNB, SAIL, ZEEL.

Derivative View : VIX closed at 17. Max Put OI is at 17500 then 17700. Max Call OI is at 18000 then 17800. Option data suggests a trading range between 17500 to 18000.

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