Actionable: Buy  LTTS, SBI, Titan.

Insight Online News

From Advisory Desk : Vikash Sahay

5th January 2022

Market Outlook: Another day of split action in US markets. Dow jones closed at record high while Nasdaq fell by more than 1% due to rising bond yields which is at 1.65%. Asian markets have started on mixed note, with SGX is trading lower by 70 points. Crude oil prices back above $80 after OPEC+ countries sticking to their existing output policy for Feb month despite of rising covid cases. Yesterday, Nifty opened gap up and continued its positive momentum to close above 17800, majorly led by Banking and financial stocks. We may see some cool off post recent rally and buy on dips.

Actionable: Buy  LTTS, SBI, Titan.

Global market:
DOW:  +214
SGX NIFTY:   -70  (prev.close 17875)
NIFTY 50 : 17805
Sensex : 59855

Institution:
FII:                    +1274 Cr
DII:                   +533 Cr

NSE:
Advances: 1848 / Declines: 1538

Currency:
Dollar: $ 74.55
Dollar Index: 96.27

Commodity:
Gold: $1815  per ounce
Crude: $79.80  per barrel

Bonds:
10 year US bond rate: 1.65
10 year Indian Bond rate: 6.52

Derivative:
PCR: 0.89
VIX:  16.12

Updates:

Bajaj Finance Q3 update: Co says Q3 was one of its strongest since covid in terms of growth, company’s AUM grew by 8.6% QoQ and 26% yoy to 1.81lacs crore in Q3. Acquired 2.4m new customers during the quarter and new loans booked at 7.4m. Deposit book grew by 4.5% QoQ and 27% YoY CRAR remained healthy at 27.%. Co says no adverse impact on NPA due to transition to new method of NPA recognition.

AU small finance bank Q3 update: Management says strong growth seen in advances, disbursements and deposits across all thr business and customer segments by a good festive season. Deposit book grew by 13 % QoQ to 44k and gross advances grew by 12% QoQ to 41k. Collection efficiency remained stable in Q3 at 106%. CASA ratio improved to 39% vs 30% in previous quarter.

Securities in Ban: Nil.

Derivative View : VIX closed at 16.12. Immediate max Put OI is at 17600 then 17700. Max Call OI is at 18000 then 17800. Option data suggests a trading range between 17600 to 18000.

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