From Advisory Desk : Vikash Sahay
30th September 2020 : Market Outlook: Ahead of the first Presidential debate, US markets closed half a percent lower . However Dow future gave up early gains of 140 points and highly volatile as the debate is underway. Asian markets are up by half a percent. SGX Nifty is up by 45 points. Dollar index slides below 94. FIIs have sold stock Rs 10700 so far in the month. Markets may consolidate between 11100-11350.
Actionable: Buy Hero Moto, TCS.
Sumito Chemical OFS: Promoters to sell upto 3.30% stake in the company through OFS at a floor price of Rs.270 per share, which is a 9.3% discount to yesterday’s closing price. Offer opens today for non retail investors and tomorrow for retail investors.
SGX NIFTY: +45 (prev.close 11243)
NIFTY 50 : 11222
Sensex : 37973
FII: -1457 Cr
DII: +577 Cr
Advances: 1140 / Declines: 1478
Dollar: $ 73.85
Gold: $1900 per ounce
Crude: $41.3 per barrel
10 year US bond rate: 0.66
10 year Indian Bond rate: 6.04
Securities in Ban: VEDL.
Derivative View : VIX closed at 19.77. Max Put OI is at 11000 then 11200. Max Call OI is at 11500 then 11400. Option data suggests a trading range between 11100 to 11400.