Insight Online News
From Advisory Desk : Vikash Sahay
17th August 2021
Market Outlook: In midst of resurgence in covid cases across Asia, Asian markets, including SGX Nifty has started in mix. Yesterday FIIs have sold over Rs 1000 cr. We expect large caps to drive the markets higher. July WPI data was better than the expectations and economic data also remains positive.
Actionable: Buy HUL, Bajaj Finance, Reliance Industries.
SGX NIFTY: -20 (prev.close 16563)
NIFTY 50 : 16563
Sensex : 55582
FII: -1088 Cr
DII: +506 Cr
Advances: 1122 / Declines: 2180
Dollar: $ 74.25
Dollar Index: 92.66
Gold: $1787 per ounce
Crude: $69.65 per barrel
10 year US bond rate: 1.26
10 year Indian Bond rate: 6.24
Lupin: Has received tentative approval from USFDA for its Brivaracetam tablets which had estimated annual sales of $ 311 million in the US. This product will be manufactured at Lupin’s nagpur facility.
Securities in BAN: CADILAHC, IBULHSGFIN, NALCO, PNB, RBL BANK, SAIL, SUNTV.
Derivative View : VIX closed at 13.45. Max Put OI is at 16400 then 16300. Max Call OI is at 16800 then 16600. Option data suggests a trading range between 16300 to 16800.