Actionable : Buy Infosys, ICICI Bank, Godrej Properties

Insight Online News

From Advisory Desk : Vikash Sahay

10th March 2021 : Market Outlook: Dow Jones managed to close mildly in green. However, NASDAQ closed up by 3.5% due to surge in technology stocks. Asian markets too are trading flat to positive. SGX Nifty is up by 70 points. VIX is at the level of 22. Today being a weekly expiry, we expect Nifty to be in the range of 14950-15250 and Bank Nifty to be in the range of 35250-36500.

Actionable: Buy Infosys, ICICI Bank, Godrej Properties

Global market:
DOW:  +30
SGX NIFTY:   +65  (prev.close 15160)
NIFTY 50 : 15098
Sensex : 51025

Institution:
FII:                    +2802 Cr
DII:                    +1250 Cr

NSE:
Advances: 1207 / Declines: 1800

Currency:
Dollar: $ 72.92
Dollar Index: 92.14

Commodity:
Gold: $1709  per ounce
Crude: $67.20  per barrel

Bonds:
10 year US bond rate: 1.54
10 year Indian Bond rate: 6.21

Derivative:
PCR: 0.90
VIX:  22.49

Updates:
 
AU Small Finance Bank: Company launches QIP on yesterday, at a floor price of Rs.1180.06 per share, which is a discount of 4.5% to yesterday’s closing price. Company may offer a discount of not more than 5% on the floor price at its discretion. Board to meet on March 15, 2021 to consider and approve the issue price.

Godrej Properties: Company launches QIP on yesterday, at a floor price of Rs.1513.39 per share, which is a premium of 2.1% to yesterday’s closing price. Company may offer a discount of not more than 5% on the floor price at its discretion. Board to meet on March 15, 2021 to consider and approve the issue price.
 
Securities in BAN: BANKBARODA, PNB, SAIL, SUN TV.
 
Derivative View : VIX closed at 22.49. Max Put OI is at 15000 then 14900. Max Call OI is at 15200 then 15300. Option data suggests a trading range between 14900 to 15300.

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