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.
SGX NIFTY: +90 (prev.close 17858)
NIFTY 50 : 17853
Sensex : 60048
FII: +442 Cr
DII: -516 Cr
Advances: 1285 / Declines: 1994
Dollar: $ 73.70
Dollar Index: 93.22
Gold: $1758 per ounce
Crude: $78.60 per barrel
10 year US bond rate: 1.44
10 year Indian Bond rate: 6.18
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.