Actionable: Buy ICICI Bank, HDFC Ltd, Tatva Chintan, Tata Motors.

Insight Online News

From Advisory Desk : Vikash Sahay

25th October 2021

Market Outlook: Globally the markets have started the week on flat to negative and SGX Nifty is trading in flat as Covid cases are on rise in Western and selected Asian countries. Last week, Broader markets witnessed a heavy profit booking in majority of the sectors except in banking stocks. Over the weekend, good set of quaterly numbers were declared by Reliance Industries and ICICI Bank which will support the markets at lower end. Overall, Markets may remain volatile for short term and stock specific action will be continued.

Actionable: Buy ICICI Bank, HDFC Ltd, Tatva Chintan, Tata Motors.

Technical & Derivative Diwali Picks (Samvat 2078): Buy SBI, LT, TRENT, BATA, TECHM.

Global market:
DOW:  +73
SGX NIFTY:   +10  (prev.close 18144)
NIFTY 50 : 18114
Sensex : 60821

Institution:
FII:                     -2698 Cr
DII:                     +1030 Cr

NSE:
Advances: 1258 / Declines: 2053

Currency:
Dollar: $ 74.89
Dollar Index: 93.64

Commodity:
Gold: $1795  per ounce
Crude: $85.05  per barrel

Bonds:
10 year US bond rate: 1.64
10 year Indian Bond rate: 6.36

Derivative:
PCR: 0.86
VIX:  17.54

Today’s results announcement: Tech mahindra, Coforge, Colpal, HDFC AMC, Indus towers, Ramco cements, SRF, AB Sun life AMC, Ceat, CSB Bank, Dwarikesh sugar, GMDC, Kansai nerolac, ICRA, Quick heal, Jagran prakshan,  Orient cement, praksh industries, Suven life sciences.

Results update:
Above estimates: Reliance industries, ICICI Bank, Federal bank, Kajaria ceramics, TCI Express, Crompton Consumer, Orient electric
Inline estimates: Tata Consumer, HDFC life, Inox leisure, Gland pharma, PVR
Below estimates: MCX, Polycab, Jubilant Pharmova

Updates:

Asian paints: As per reports, a whistle blower alleges related party transactions carried out by the company’s promoters to buy a company called Paladin paints and chemicals at the cost of Asian paints shareholders. However, the company has given a clarification that no related party transactions happened and all the transactions done with necessary approvals.

Securities in BAN: ESCORTS, IBULHSGFIN, IDEA, IEX, PNB, SAIL.

Derivative View : VIX closed at 17.54. Max Put OI is at 18000 then 17900. Max Call OI is at 18200 then 18400. Option data suggests a trading range between 17900 to 18400.

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