Actionable: Buy HDFC Ltd, Infosys & HDFC life

Insight Online NEws

From Advisory Desk : Vikash Sahay

5th December 2021 : Market Outlook: As Georgia elections uncertainty continues, This impacted DOW to slip over 700 points in intraday and recovered to close with negative of 382 points. The sell off seems to be restricted to US only as Asian markets are down by just half a percent only. SGX Nifty is down by 60 points. Gold and silver surged by 3% as UK prime Minister announced nation wide lockdown as the cases of COVID surges. Indian markets still remain the favourite destination of FIIs as they kept buying on previous session as well.

Actionable: Buy HDFC Ltd, Infosys & HDFC life

Global market:
DOW: -382
SGX NIFTY: -100 (prev.close 14177)
NIFTY 50 : 14132
Sensex : 48176

Institution:
FII: +1843 Cr
DII: -715 Cr

NSE:
Advances: 2081 / Declines: 1012

Currency:
Dollar: $ 73.02

Commodity:
Gold: $1941 per ounce
Crude: $51.20 per barrel

Bonds:
10 year US bond rate: 0.92
10 year Indian Bond rate: 5.86

Updates:

Bajaj Finance Q3 update: Company’s AUM grew by 4.66% QoQ and fell by 1% yoy to 1.43lacs crore in Q3. New loans booked improved significantly QoQ at 6.6m led by healthy traction in consumer B2B loans, mortgage loans and a gradual uptick in consumer B2C. Deposit book grew by 10% qoq and CRAR remained healthy at 28%.

Sun pharma: Company announced about the initiation of the phase-2 trails of oral drug SCD-044 in patients with moderate to severe plaque psoriasis which has the potential to improve the current oral standard of care.

HDFC Ltd: Strong traction seen in retail loan disbursements which grew by 26% YoY. Company assigned loans worth of Rs.7100 cr to HDFC Bank vs 4258 crore in Q3.

Tata motors & Tata steel: UK announced strict lockdown in the country atleast untill mid february which may impact operations of the company’s based in UK.

Securities in Ban: Nil.

Derivative View : VIX closed at 20.03. Max Put OI is at 14000 then 13900. Max Call OI is at 14200 then 14300. Option data suggests a trading range between 13900 to 14300.

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