Actionable: Buy Infosys, PEL.

Insight Online News

From Advisory Desk : Vikash Sahay

14th December 2021

Market Outlook: Dow Jones fell more than 300 points amid fresh worries about the economic impact of the Omicron variant and ahead of FED outcome. However, US futures are trading in positive. Asian markets have started in red, with SGX Nifty is indicating a weak opening. Yesterday, indian markets opened gap up and thereafter seen selling pressure throughout the day despite positive global cues, ahead of various central bank meetings in this week. Nov CPI inflation data came at 4.9% which is slightly above estimates. The benchmark indices may remain under pressure and one need to trade cautiously in this market.

Actionable: Buy Infosys, PEL.

IPO listing: Anand Rathi Wealth shares to start trading in exchanges today after oversubscribed by 10 times.

Global market:
DOW:  -320
SGX NIFTY:   -140  (prev.close 17469)
NIFTY 50 : 17368
Sensex : 58283

Institution:
FII:                    -2743 Cr
DII:                   +1351 Cr

NSE:
Advances: 1868 / Declines: 1608

Currency:
Dollar: $ 75.76
Dollar Index: 96.40

Commodity:
Gold: $1789  per ounce
Crude: $74.15  per barrel

Bonds:
10 year US bond rate: 1.41
10 year Indian Bond rate: 6.37

Derivative:
PCR: 0.95
VIX:  16.57

Updates:

Apollo hospitals: Promoters planning to sell around 0.54% stake in the company for about Rs.350 crore via block deals today at a price of Rs.5050 per share which represents a discount of 3% to yesterday’s closing price.

Securities in Ban: ESCORTS, IDEA, IBULHSGFIN.

Derivative View : VIX closed at 16.57. Immediate max Put OI is at 17000 then 17200. Max Call OI is at 17600 then 17500. Option data suggests a trading range between 17000 to 17600.

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