Actionable : Buy JK Cement and Voltas.

Insight Online News

From Advisory Desk : Vikash Sahay

11th February 2021 : Market Outlook: US markets closed flat. Asian markets are trading flat to negative, except Japan & South Korean market as they are shut for the day. FIIs bought Rs 1800 cr yesterday in cash which takes their monthly net total to Rs 19000 cr. Yesterday Banking sectors dragged nifty to close flat. Today being a weekly expiry, we expect the Nifty to be in the range of 14950-15250  and Bank Nifty to be in the range of 35200- 36300

Actionable: Buy JK Cement and Voltas.

Global market:
DOW:  +61
SGX NIFTY:   -75  (prev.close 15138)
NIFTY 50 : 15106
Sensex : 51309

Institution:
FII:                   +1787 Cr
DII:                   -2076 Cr

NSE:
Advances: 1406 / Declines: 1558

Currency:
Dollar: $ 72.84
Dollar Index: 90.47

Commodity:
Gold: $1838  per ounce
Crude: $60.95  per barrel

Bonds:
10 year US bond rate: 1.14
10 year Indian Bond rate: 6.01

Derivative:
PCR: 0.94
VIX:  23.87

Today’s results announcement: ITC, Coal india, Power grid, ACC, Ashok leyland, MRF, PFC, Petronet lng, Piramal enterprises, Presitage estates, Repco home, Atul auto, Bayer crop, Bosch, BSE, KNR constructions, Natco pharma, NCC, Allcargo logistics, Crisil, Dishman, Hudco, Tasty bites, Wabag.
 
Results update:
Above estimates: Page industries,Titan, Hindalco, JB chemicals, SH kelkar, Metropolis
Inline estimates: Aurobindo pharma, Eicher motors, GAIL, IGL, P&G Hygiene, Happiest mind
Below estimates: MAS financials, Bata india
 
Updates:
 
Magma Fincorp ltd: Adar Poonwalla led company Rising star holdings will be buying controlling stake in the company. The transaction will take place via a fresh capital issue of Rs.3,456 through preferential allotment. Post issuance, Rising star holdings would hold 60% stake in the company and networth of the company will increase to over Rs.6300 crore
 
Securities in Ban: BHEL, SAIL, SUNTV.

Derivative View : VIX closed at 23.95. Max Put OI is at 15000 then 14800. Max Call OI is at 15300 then 15200. Option data suggests a trading range between 14800 to 15300.

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