From Advisory Desk : Vikash Sahay
16th August 2021
Market Outlook: The resurgence of covid cases and below than expected economic data from China kept the Asian markets to trade lower by one percent, including SGX Nifty which is trading lower by 40 points. Nifty is expected to open around 16500. Gold and silver advanced by 2%. IT stocks continue to remain in focus. Huge announcement by PM of 100 lac crores would provide further impetus to growth. This should lead traction in stocks of infrastructure, cement and capital goods sector. Today, Four IPO would be getting listed on the bourses, with Devyani & Krsnaa diagnostic are expected to list with high premium.
Actionable: Buy L&T, Tata Steel and HDFC Ltd
IPO Listing: Devyani international, Krsnaa diagnostics, Windlas Biotech, Exxaro tiles shares to start trading in exchanges today.
SGX NIFTY: -35 (prev.close 16528)
NIFTY 50 : 16529
Sensex : 55437
FII: +820 Cr
DII: +150 Cr
Advances: 1536 / Declines: 1687
Dollar: $ 74.25
Dollar Index: 92.51
Gold: $1780 per ounce
Crude: $69.75 per barrel
10 year US bond rate: 1.26
10 year Indian Bond rate: 6.24
Above estimates: Grasim industries, JK cement, Burger king, Amaraja batteries, Apollo Hospitals
Inline estimates: ONGC, Petronet LNG, Glenmark pharma, IGL
Below estimates: SUNTV, Vodafone Idea
Securities in BAN: CADILAHC, CANBK, IBULHSGFIN, NALCO, PNB, RBL BANK, SAIL, SUNTV.
Derivative View : VIX closed at 12.99. Max Put OI is at 16400 then 16300. Max Call OI is at 16800 then 16600. Option data suggests a trading range between 16300 to 16800.