Actionable: Buy HUL, Bharti Airtel, Indian Hotels.

Insight Online News

From Advisory Desk : Vikash Sahay

13th September 2021,Market Outlook: Asian Markets have started the week on negative note, with SGX Nifty trading flat compared to thursday’s closing. FPIs have pumped in over $1 billon including debt in september so far. Today, CPI number for August will be released. Also, Globally US and china will declare economic data like CPI which will be closely watch for market direction . Last week, Nifty ended on flat note with a rangebound move but the short term positive trend is still intact, however follow-up buying required for fresh leg of rally.

Actionable: Buy HUL, Bharti Airtel, Indian Hotels.

Global market:
DOW:  -271
SGX NIFTY:  -80  (prev.close 17440)
NIFTY 50 : 17369
Sensex : 58305

Institution:
FII:                       +423 Cr
DII:                      +704 Cr

NSE:
Advances: 1767 / Declines: 1428

Currency:
Dollar: $ 73.50
Dollar Index: 92.67

Commodity:
Gold: $1790  per ounce
Crude: $73.35  per barrel

Bonds:
10 year US bond rate: 1.33
10 year Indian Bond rate: 6.18

Derivative:
PCR: 0.92
VIX:  13.94

Updates:
 
Zomato : Company has decided to stop its grocery delivery service from Sep 17th mainly on account of gaps in order fulfillment, leading to poor customer service. This is the second attempt that company tried to penetrate into Grocery delivery business. Also, has pulled the plug on another business nutraceutical.

Coal india: The company might hike prices by atleast 10-11% to mitigate the impact of increased costs and an impending wage revision, as per reports.

Hindalco & Nalco: Globally, aluminum prices continued to rally and hit 13- year high due to supply disruptions in China and raw materials like alumina & bauxite.

Securities in BAN: IBUHSGFIN, IRCTC, NALCO.

Derivative View : VIX closed at 13.94. Max Put OI is at 17300 then 17200. Max Call OI is at 17500 then 17400. Option data suggests a trading range between 17200 to 17500.

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