Actionable: Buy HDFC Ltd, DLF, TVS Motors, Titan.

Insight Online News

From Advisory Desk : Vikash Sahay

9th November 2021
 
Market Outlook: US markets closed at yet another record highs after passage of infrastructure bill and expectation of getting approval for $1.75 trillion human infrastructure bill by end of the month . SGX Nifty is indicating a flat opening on account of global cues. Institutions were net buyers over Rs.1000 crore after more than one month. Gold price rose to two month high after retreat in the dollar and persistant inflation concerns. Yesterday, Nifty recovered smartly from first hour lows and closed above 18000 mark with strong positive bias. Now, markets has to sustain the gains from past few days for further upmove.
 
Actionable: Buy HDFC Ltd, DLF, TVS Motors, Titan.
 
Global market:
DOW:  +104
SGX NIFTY:   -1  (prev.close 18137)
NIFTY 50 : 18068
Sensex : 60545

Institution:
FII:                    -861 Cr
DII:                   +1912 Cr

NSE:
Advances: 1766 / Declines: 1597

Currency:
Dollar: $ 74.02
Dollar Index: 94.10

Commodity:
Gold: $1827  per ounce
Crude: $83.50  per barrel

Bonds:
10 year US bond rate: 1.47
10 year Indian Bond rate: 6.30

Derivative:
PCR: 0.87
VIX:  16.34

Today’s results announcement: M&M, Power grid, BHEL, Bosch, IGL, Max financial, MRF, Petronet LNG, Amrutanjan, AstraZeneca, Balaji tele, Credit access, Godrej agro, Greenply, HEG, Hindcopper, IDFC, Kesoram, Midhani, NCC, P&G health, Redington, VST tillers.

Updates:
 
Route mobile: Company launches QIP on yesterday to raise $100 million, with an option to upside upto $150 million at a SEBI floor price of Rs.1949.24 per share. Indicative offer price at Rs.1852 per share, which is at a discount of 6.83% to yesterday’s closing price. Company may offer a discount of not more than 5% on the floor price at its discretion. Board to meet on Nov 12th, 2021 to consider and approve the issue price.

TVS motors: As per reports, company is planning to raise funds between $500 million to $1 billion from consortium of PE investors for its new subsidiary electric mobility busines.
 
Life insurance industry update : Industry reported overall APE growth of 23% YoY in Oct Month. Among listed players, SBI Life posted robust growth of 33%  YoY. IPRU life was up 23% YoY, Hdfclife reported growth of 21% and Max life posted muted growth of  0.3% YoY.

Securities in BAN: ESCORTS, PNB, SUNTV.

Derivative View : VIX closed at 16.34. Max Put OI is at 17900 then 17800. Max Call OI is at 18200 then 18100. Option data suggests a trading range between 17800 to 18200.

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