Actionable: Buy L&T, Hdfc Bank, ACC, DLF and Reliance.

Insight Online News

From Advisory Desk : Vikash Sahay

3rd February 2021 : Market Outlook: US markets ended with a gain of 1.5%. Asian markets too are trading in green by half a percent. SGX Nifty is up by 60 points. Silver lost 8% overnight. FIIs are  back with Rs 6000 cr of buying in cash. Nifty has gained 1000 points in last two trading session, led by Banks and financial sectors.

Actionable: Buy L&T, Hdfc Bank, ACC, DLF and Reliance.

IPO Listing : Home First Finance Co shares to start trading in exchanges today after oversubscribed by 26 times.

Global market:
DOW:  +475
SGX NIFTY:   +50  (prev.close 14727)
NIFTY 50 : 14647
Sensex : 49797

Institution:
FII:                   +6182 Cr
DII:                   -2035 Cr

NSE:
Advances: 1714 / Declines: 1226

Currency:
Dollar: $ 72.96
Dollar Index: 91

Commodity:
Gold: $1845  per ounce
Crude: $57.65  per barrel

Bonds:
10 year US bond rate: 1.11
10 year Indian Bond rate: 6.13

Derivative:
PCR: 0.99
VIX:  23.34
 
Today’s results announcement: Bharti airtel, Adani enterprises, Apollo tyres, Jubilant foodworks, Ramco cements, Indian hotels, City union bank, PNC Infratech, Adani green, Adani gas, Astra poly, Bajaj Consumer, Hindustan copper, Inox leisure, Sequent scientific, Thermax, VIP industries, V-guard.
 
Results update:
Above estimates: Ajanta pharma, HDFC, PI industries
Inline estimates: Escorts, Dixon, Tata Consumer
 
Updates:
 
Infosys: Company has been selected by Siemens Gamesa Renewable energy, a global leader in the renewable energy industry, as a strategic partner to digitally transform its operations.

Future Retail and Reliance: In its interim order, Delhi HC order to maintain status quo on the assets, putting on hold any further steps toward completing the deal with Reliance.

Securities in Ban: SAIL.

Derivative View : VIX closed at 23.34. Max Put OI is at 14500 then 14400. Max Call OI is at 15000 then 14700. Option data suggests a trading range between 14400 to 15000.

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