From Advisory Desk : Vikash Sahay
30th December 2020 : Market Outlook: US markets slips from record highs and ended in red with a quarter percent after senate majority leader blocks vote on increasing stimulus payment from $600 to $2000 to individuals. Asian markets are trading mix, SGX Nifty is trading higher by 50 points. Stability in India VIX is supporting the market.
Actionable: Buy ICICI Bank, HCL Tech, IGL.
SGX NIFTY: +50 (prev.close 13933)
NIFTY 50 : 13932
Sensex : 47613
FII: +2350 Cr
DII: -2011 Cr
Advances: 1535 / Declines: 1488
Dollar: $ 73.42
Gold: $1887 per ounce
Crude: $51.50 per barrel
10 year US bond rate: 0.94
10 year Indian Bond rate: 5.93
UPL : Reduces gross debt by $410 mn by pre-paying bonds due in 2021. This was done using the cash in books. Compay says committed towards deleveraging at the back of strong business prospects & agriculture commodity prices, and favourable agronomic conditions.
Coromandal international: Promorter EID Parry india is looking to sell up to 2% stake in the company through open market on today to raise upto Rs.483 crore, sale price has been fixed at Rs.800-825 per share, which is a discount of 3.2-6.1% to yesterday’s closing price.
Jindal steel and power: Indian railways has awarded regular supplier status to the company for 60kg 880 grade rails.
Securities in Ban: PNB, SAIL.
Derivative View : VIX closed at 20.79. Max Put OI is at 13700 then 13800. Max Call OI is at 14000 then 14100. Option data suggests a trading range between 13700 to 14100.