From Advisory Desk : Vikash Sahay
9th February 2021 : Market Outlook: The positive statement by Janet Yellen about employment led US markets to close up by a percent. Asian markets too are trading up by half a percent and SGX Nifty is up by mere 30 points. Yesterday Auto and Metal drove Nifty to close with a gain of 200 points. FIIs continued their buying with Rs 1900 cr in cash. Nifty has entered in a new territory with a support of 14850.
Actionable: Buy Infosys, JSW steel, Bharti Airtel & Tata Motors
SGX NIFTY: +25 (prev.close 15142)
NIFTY 50 : 15115
Sensex : 51348
FII: +1877 Cr
DII: -505 Cr
Advances: 1689 / Declines: 1345
Dollar: $ 72.96
Dollar Index: 90.89
Gold: $1838 per ounce
Crude: $60.95 per barrel
10 year US bond rate: 1.17
10 year Indian Bond rate: 6.04
Today’s results announcement: Tata steel, Adani ports, MGL, Muthootfinance, Max Financials, Abbott india, Aries agro, Aster DM, BASF india, Berger paints, Burger King, Endurance technologies, Future retail, GMDC, HEG, Kaveri seeds, KRBL, Raymond, TCI Express, Torrent power.
Above estimates: Balkrishna industries, ABFRL, BPCL, NCL industries, Balaji Amines
Inline estimates: Godrej Consumer, Sun TV, NMDC
Below estimates: SPARC, Torrent pharma
Crompton Consumer: Promoter Amalfiaco to sell upto 4.5% stake in the company via block deal today at a floor price of Rs.387 per share which is a discount of 5.19% to yesterday’s closing price.
Infosys: Has announced a strategic collaboration with Spirit Aero systems, a leading aero structure manufacturer. Spirit has chosen infosys as it lead technology integration partner to help drive and set up the end-to-end applications and infrastructure integration.
Reliance industries and Future retail: Delhi high court on monday lifts the status quo which halted the sale of Future group assets to Reliance industries
Securities in Ban: BHEL,SAIL, SUNTV.
Derivative View : VIX closed at 23.95. Max Put OI is at 14800 then 15000. Max Call OI is at 15200 then 15300. Option data suggests a trading range between 14800 to 15300.