From Advisory Desk : Vikash Sahay
21st September 2021
Market Outlook: US markets ended lower by 2 % in line with global markets due to concerns over troubles at china’s property giant Evergrande. However, recovery seen in last hour of trading and Dow futures up by half a percent. Asian markets have started in mix, with SGX Nifty up by 70 points. Dollar index is sustaining above 93 level from last 3 sessions. India VIX spiked by 15% to 17.49. Yesterday, Nifty witnessed a volatile move throughout the day and closed lower by 1% majorly dragged by Nifty metals once gain along with PSU banks, Realty and pharma. Over the next couple of days, markets would be closely monitoring FED outcome and effect of Evergrande. One should remain stock selective.
Actionable: Buy HUL, HCL Tech.
SGX NIFTY: +70 (prev.close 17373)
NIFTY 50 : 17396
Sensex : 58490
FII: +93 Cr
DII: -1627 Cr
Advances: 1018 / Declines: 2357
Dollar: $ 73.74
Dollar Index: 93.26
Gold: $1765 per ounce
Crude: $74.40 per barrel
10 year US bond rate: 1.31
10 year Indian Bond rate: 6.14
SBI Cards : US private equity firm Carlyle to sell nearly 3.4% stake in the company for about Rs.3,300 crore at lower end of price through block deals today at a price range of Rs.1,021-1072 per share, which implies a discount of 0-4.8% to previous closing price.
Hcl technologies: Announced a 5- year digital transformation deal with UK based MKS instruments, a global provider of instruments, systems and solutions for advanced manufacturing processes. This partnership intended to improve performance, productivity and speed to market for MKS instruments.
Securities in BAN: EXIDEIND, IBULHSGFIN, IDEA, IRCTC, NALCO, PNB, SAIL, SUN TV.
Derivative View : VIX closed at 17.49. Max Put OI is at 17400 then 17200. Max Call OI is at 17600 then 17500. Option data suggests a trading range between 17200 to 17600.