Actionable: Buy HUL, Bajaj Finance, Reliance Industries.

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.

 
Global market:
DOW:  +110
SGX NIFTY:   -20  (prev.close 16563)
NIFTY 50 : 16563
Sensex : 55582

Institution:
FII:                      -1088 Cr
DII:                     +506 Cr

NSE:
Advances: 1122 / Declines: 2180

Currency:
Dollar: $ 74.25
Dollar Index: 92.66

Commodity:
Gold: $1787  per ounce
Crude: $69.65  per barrel

Bonds:
10 year US bond rate: 1.26
10 year Indian Bond rate: 6.24

Derivative:
PCR: 0.94
VIX:  13.45

Updates:

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.

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