Insight Online News
From Advisory Desk: Vikash Sahay
Market Outlook: Asian markets have started lower by half a percent on concern of resurgence in covid cases. SGX Nifty too has started lower by 30 points, indicating Nifty’s opening around 16250. Commodities have seen major correction especially Gold, Silver and Crude which has fallen upto 3%, overnight. Strong participation from retail investors in MFs and IPOs, limits downside in the Indian market.
Actionable: Buy Laxmi organic, HCL tech & Deepak Nitrate.
SGX NIFTY: -20 (prev.close 16272)
NIFTY 50 : 16258
Sensex : 54402
FII: +212 Cr
DII: -716 Cr
Advances: 1243 / Declines: 2100
Dollar: $ 74.26
Dollar Index: 93.00
Gold: $1735 per ounce
Crude: $69.00 per barrel
10 year US bond rate: 1.31
10 year Indian Bond rate: 6.22
Today’s results announcement: Coal india, Lupin , power grid, JSPL, Zomato, Ashoka buildcon, Mrs Bectors food, Brookfield india real estate trust, CAMS, Capacite infraprojects, Century plyboards, Cochin shipyard, Deepak fertilisers, Eveready industries, Galaxy surfactants, Godrej agrovet, KIMS, Linde india, manappuram finance, Max financials, Motherson sumi, Siemens, Spencer’s retail, Trent, Whirlpool, Wonderla holidays.
Above estimates: Indian hotels, Gujarat state Petronet
Inline estimates: Shree cement, MRF
Life insurance industry update : Industry reported overall APE growth of 15% YoY in July Month. Among listed players, SBI Life posted robust growth of 52% YoY. IPRU life was up 25.3% YoY, Hdfclife reported growth of 18% and Max life grew by 15.6% YoY.
Securities in BAN: CANBK, IBULHSGFIN, NALCO, RBL BANK, SUNTV, SAIL.
Derivative View : VIX closed at 12.60. 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.