Actionable: Buy ICICI Bank, Hindalco, M&M, Macrotech Developers.

INSIGHT ONLINE NEWS

From Advisory Desk 18th October 2021

Market Outlook: Globally, the markets have started the week on a mixed note, with SGX Nifty is up by 100 points compared to thursday’s closing. Crude oil surged to 6-year high over the weekened and trading above $85 due to supply disruptions and strong demand . Last week, Both Nifty and Nifty Bank hits yet another all time high and ended the week on a strong note gaining 3% & 4% respectively. Nifty Bank continue to looks good and expected to move further on back strong quarterly numbers. HDFC Bank results were ahead of estimates which indicates easing out of concerns around asset quality and recovery in credit growth. During the festive season, strong real estate bookings were seen in key metro cities. Overall, We expect Nifty to continue the momentum on back of strong earnings and macro economic data.

Actionable: Buy ICICI Bank, Hindalco, M&M, Macrotech Developers.

Global market:
DOW:  +382
SGX NIFTY:   +40  (prev.close 18404)
NIFTY 50 : 18338
Sensex : 61305

Institution:
FII:                     +1682 Cr
DII:                     -1751 Cr

NSE:
Advances: 1658 / Declines: 1696

Currency:
Dollar: $ 75.26
Dollar Index: 93.99

Commodity:
Gold: $1771  per ounce
Crude: $85.65  per barrel

Bonds:
10 year US bond rate: 1.58
10 year Indian Bond rate: 6.33

Derivative:
PCR: 0.87
VIX:  15.76

Today’s results announcement: Ultratech cement, LTI, Route mobile, Hatsun agro products, Tata coffee, Alok industries.

Results update:
Above estimates: Hdfc bank, Dmart, Cyient, Mahindra CIE
Inline estimates: Hcl technologies
Below estimates:

Updates:
 

PNB housing finance: Company board has decided not to proceed with the preferential issue and the share subscription agreements with consortium of Carlyle group worth of Rs.4,000 crore.

Shilpa medicare: Board has approved to raise over Rs. 297 crore from marquee investors through preferential issue at a price of Rs.564 per share which is a discount of more than 8% to yesterday’s closing price. Equity raise to finance growth and investment opportunities in Biological space.

Securities in BAN: BANKBARODA, BHEL, IBUHSGFIN, IDEA, IRCTC, SUNTV.

Derivative View : VIX closed at 16.10. Max Put OI is at 18000 then 17900. Max Call OI is at 18200 then 18300. Option data suggests a trading range between 17900 to 18300.

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