Actionable: Buy Jubilant Foods, Axis Bank, Ramco Cement.

Insight Online News

From Advisory Desk : Vikash SAhay

8th January 2021 : Market Outlook – US markets closed on life high as the ambiguity on Senate composition was cleared which leads to expectations of stimulus getting disposed faster. Asian markets too are trading up by one percent and SGX Nifty is up by 65 points. Dollar index is below 90 and US bond yield surges to 1.1%. Gold shrinks to $ 1900. FIIs buying has taken a pause in last two days.

Actionable: Buy Jubilant Foods, Axis Bank, Ramco Cement.

Global market:
DOW: +211
SGX NIFTY: +65 (prev.close 14210)
NIFTY 50 : 14137
Sensex : 48093

Institution:
FII: +382 Cr
DII: -990 Cr

NSE:
Advances: 1942 / Declines: 1144

Currency:
Dollar: $ 73.32

Commodity:
Gold: $1910 per ounce
Crude: $54.55 per barrel

Bonds:
10 year US bond rate: 1.09
10 year Indian Bond rate: 5.89

Updates:

Biocon: Biocon Biologics receives Rs.555 cr of capital infusion from sovereign fund ADQ for 1.8% stake in the company at a valuation of $4.17 billion which is 36% higher than the first capital injection recieved in Jan 2020.

Today’s results announcement: TCS

Securities in Ban: SAIL.

Derivative View : VIX closed at 20.61. Max Put OI is at 14000 then 14100. Max Call OI is at 14200 then 14300. Option data suggests a trading range between 14000 to 14300.

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