Actionable: Buy Infosys, SAIL, DLF & Deepak Nitrate.

From Advisory Desk : Vikash Sahay

30th July 2021
 
Market Outlook: Indian markets is showing resillance inspite of global uncertainty. As per the Asian markets cues, we may open lower around 15750, however metal and IT had a strong day yesterday and we may continue to see it outperforing. Gold and Silver advanced by 2% on back of rising covid cases worldwide. This is the seventh consecutive weekly expiry wherein Nifty had a closing near to 15700.

Actionable: Buy Infosys, SAIL, DLF & Deepak Nitrate.

Global market:
DOW:  +153
SGX NIFTY:   -95  (prev.close 15839)
NIFTY 50 : 15778
Sensex : 52653

Institution:
FII:                      -866 Cr
DII:                     +2047 Cr

NSE:
Advances: 1907 / Declines: 1295

Currency:
Dollar: $ 74.28
Dollar Index: 91.95

Commodity:
Gold: $1829  per ounce
Crude: $74.65  per barrel

Bonds:
10 year US bond rate: 1.25
10 year Indian Bond rate: 6.20

Derivative:
PCR: 0.94
VIX:  12.94

Today’s results announcement: Britannia industries, Sun pharma, UPL, IOC, Marico, Bandhan bank, JSW energy, Cholamandalam investments, Drlalpath labs, Nazara technologies, ABFRL, LT foods, dalmia bharat sugar, Equitas small finance bank, Exide industries, JK paper, KEC international, Rossari Biotech, Shirram transport finance, Sunteck realty, V- guard industries, Zydus wellness.

Results update:
Above estimates: Tech mahindra, Container Corp, Deepak nitrite, JK lakshmi cement, Bharti airtel( Africa)
Inline estimates: Indus towers, Laurus labs, TVS motors, Ajanta pharma, Shriram city union finance, Orient electric, PVR
Below estimates: LIC housing finance, Jyothy labs, Colgate, SIS

Updates:
 
Telecom Sector: As per TRAI’s data, Industry growth slows down in May month due to lockdown impact. Reliance Jio added 3.6 million wireless subscribers in May vs 4.8 million subscribers in April. While Bharti airtel & Vodafone idea declined by 4.6 & 4.3 million subscribers in May.
 
Securities in BAN: NIL.
 
Derivative View : VIX closed at 12.94. Max Put OI is at 15700 then 15500. Max Call OI is at 16000 then 15900. Option data suggests a trading range between 15500 to 16000.

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