Actionable: Buy ICICI Bank, IRCTC, Solara Active.

Insight Online News

From Advisory Desk : Vikash Sahay

19th May 2021, Market outlook: Dow Jones ended lower by half a percent. Asian markets markets too are trading lower by half a percent and SGX Nifty is in red by 65 points. Banking counters have been the tourch bearer of Nifty’s run in last three session. Markets have seen big move in stocks related to unlocking of economy and also Nifty has crossed 15000 mark, which makes the bulls to take charge after a hault of two months.

Actionable: Buy ICICI Bank, IRCTC, Solara Active.

Investment: Buy Axis Bank

Global market:
DOW:  -267
SGX NIFTY:   -80  (prev.close 15160)
NIFTY 50 : 15108
Sensex : 50193

Institution:
FII:                      +618 Cr
DII:                     +450 Cr

NSE:
Advances: 1901 / Declines: 1191

Currency:
Dollar: $ 73.04
Dollar Index: 89.83

Commodity:
Gold: $1866  per ounce
Crude: $67.90  per barrel

Bonds:
10 year US bond rate: 1.65
10 year Indian Bond rate: 5.98

Derivative:
PCR: 0.92
VIX:  19.24

Today’s results announcement: IOC, Endurance technologies, JK tyres, Indiabulls housing finance, Heritage foods, Man infra, MAS financials, Clariant chemicals,TCI Express, Tanla platforms.

Results update:
Above estimates: PI industries
Inline estimates: Tata motors, Torrent pharma
Below estimates: Aarti industries

Updates:
 
Axis Bank OFS: SUUTI to sell upto 1.21% stake in the company with an option to additionally sell 0.74% stake through OFS at a floor price of Rs.680 per share, which is a 4.5% discount to yesterday’s closing price. Offer opens today for non retail investors and tomorrow for retail investors.
 
Securities in BAN: BHEL, CADILAHC, NALCO, PNB, SAIL, SUNTV.
 
Derivative View : VIX closed at 19.24. Max Put OI is at 14700 then 14900. Max Call OI is at 15300 then 15200. Option data suggests a trading range between 14700 to 15300.

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