Actionable: Buy Kotak bank, ICICI bank, Burger king, Siemens.

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.
Global market:
DOW:  -323
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

PCR: 0.87
VIX:  13.21

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.

Results update:
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.
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.

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