From Advisory Desk : Vikash Sahay
5th August 2021
Market Outlook: FIIs have returned to D-Street with buying of Rs 5000 cr in last two days. Dow Jones closed a percent lower and Asian markets, including SGX Nifty is trading flat to positive as FED signalled about rate hike in 2023. Yesterday, Bank and financial services were top gainers. Looking forward for some inputs from RBI meeting. After a breakout of the range on Tuesday, Nifty has entered a new range with FIIs resuming buying.
Actionable: Buy Kotak bank, ICICI bank, Burger king, Siemens.
SGX NIFTY: +5 (prev.close 16260)
NIFTY 50 : 16258
Sensex : 54369
FII: +2829 Cr
DII: -411 Cr
Advances: 1086 / Declines: 2176
Dollar: $ 74.18
Dollar Index: 92.30
Gold: $1813 per ounce
Crude: $70.55 per barrel
10 year US bond rate: 1.19
10 year Indian Bond rate: 6.20
Today’s results announcement: GAIL, Cipla, Adani power, Escorts, Gujarat gas , AB Capital, IPCA labs, Indisbulls housing finance, Bajaj Consumer care, Arvind, Birla corporation, Brigade enterprises, Cera sanitaryware, Edelweiss, Hikal, Honeywell Automation, Jubilant industries, NCC, NH, Quess corp, REC, Thermax, TTK healthcare.
Above estimates: Titan, Bosch, HPCL, Tata steel BSL
Inline estimates: SBI, Solara, Hindalco( Novelis), PNB housing finance, Tata communications, Godrej Consumer
Below estimates: Blue star
SBI life insurance: Carlyle will sell the remaining 1.9% stake in the company for about Rs.2,147crore via block deals today at a price band of Rs.1130-1136.85 per share.
Securities in BAN: CANBK, IBULHSGFIN, SUNTV.
Derivative View : VIX closed at 13.21. Max Put OI is at 16000 then 16200. Max Call OI is at 16300 then 16400. Option data suggests a trading range between 16000 to 16400.