Actionable: Buy L&T, HCL Tech and Tata motors.

Insight Online News

From Advisory Desk : Vikash Sahay

13th August 2021

Market Outlook: Low CPI data at 5.6% and IIP up at 13.6% is very positive for our market. The momentum in the market has shifted to large cap, which should continue. SGX Nifty is indicating flattish opening, but specific stock will be in momentum.

Actionable: Buy L&T, HCL Tech and Tata motors.

Global market:
DOW:  +14
SGX NIFTY:   -10  (prev.close 16379)
NIFTY 50 : 16364
Sensex : 54843

Institution:
FII:                        -212 Cr
DII:                       +308 Cr

NSE:
Advances: 2314 / Declines: 898

Currency:
Dollar: $ 74.26
Dollar Index: 92.97

Commodity:
Gold: $1756  per ounce
Crude: $70.85  per barrel

Bonds:
10 year US bond rate: 1.35
10 year Indian Bond rate: 6.23

Derivative:
PCR: 0.98
VIX:  12.37

Today’s results announcement: ONGC, Grasim industries, Apollo hospitals, IGL, Glenmark, Petronet LNG, Godrej industries, Burger King, NHPC, HAL, NBCC, Allcargo logistics, IRFC, GSFC, MOIL, Bayer Corp, Suven pharma.

Results update:
Above estimates: Eicher motors, Tata steel, NMDC, Bharat forge, Trident, KNR constructions, IRCTC, Engineers india,
Inline estimates: Hero motocorp, Page industries, BPCL
Below estimates: Aurobindo pharma,  Ashok leyland,  Natco pharma

Updates:

Pharma companies: US president Biden urges Congress lawmakers to take steps to lower prescription drug costs, including allowing medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation as per reports.

Eicher motors: Vinod Dasari, CEO of Royal Enfield resigns after a stint of over 2 years to pursue his passion in affordable healthcare. B. Govindrajan ( COO) has been associated with RE for over 23 years, will take charge with immediate effect.

Securities in BAN: CANBK, IBULHSGFIN, PNB, RBL BANK, SUNTV.

Derivative View : VIX closed at 12.21. Max Put OI is at 16300 then 16200. Max Call OI is at 16500 then 16400. Option data suggests a trading range between 16200 to 16500.

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