Actionable: Buy M&M, ABFRL, Tata Elxsi.

Insight Online News

From Advisory Desk : Vikash Sahay

10th November 2021
 
Market Outlook: US markets closed in red as investors preferred profit booking amid selloff in Tesla shares and weakness in financials due to slip in treasury yields. Even futures are trading lower by a quarter percent and asian markets too have started trading lower, with SGX Nifty is indicating Nifty’s opening below 18000. Yesterday, Nifty remained rangebound throughout the session and ended with moderate losses due to weakness in Banking and Financial stocks. We expect the profit booking led weakness to continue however dips should be bought. Today, Nykaa shares would be getting listed on the bourses, with strong premium and expecting to continue the momentum post listing.
 
Actionable: Buy M&M, ABFRL, Tata Elxsi.
 
Global market:
DOW:  -112
SGX NIFTY:   -100  (prev.close 18080)
NIFTY 50 : 18044
Sensex : 60433

Institution:
FII:                    -2445 Cr
DII:                   +1418 Cr

NSE:
Advances: 1948 / Declines: 1370

Currency:
Dollar: $ 74.04
Dollar Index: 93.98

Commodity:
Gold: $1830  per ounce
Crude: $85.45  per barrel

Bonds:
10 year US bond rate: 1.46
10 year Indian Bond rate: 6.29

Derivative:
PCR: 0.91
VIX:  16.00
 
Today’s results announcement: Pidilite industries, Alembic pharma, Bank of Baroda, Berger paints, First source solutions, Metropolis healthcare, Strides pharma, Affle, Astra micro, Balmer Lawrie, Birla corporation, Crisil, Dhampur sugar, Equitas holdings, Eveready, GIC RE, Indian cements, ITD cementation, Jamna Auto, Khadim, Mazagon, NH, NIIT, Nureca, Nuvoco, Oil India, Thermax, Wonderla, Zomato.

Updates:
 
SH Kelkar: Swiss based Firmenich, world’s largest privately owned perfume and taste company bought 10% stake from PE firm blackstone at around Rs.172.

IB Real estate: Company appointed Mr. Kulumani Krishnamurthy, former MD & CEO of HDFC property ventures ltd, as an independent director on the board of India bulls real estate ltd.

Securities in BAN: ESCORTS, PNB, SUNTV.

Derivative View : VIX closed at 16. Max Put OI is at 17900 then 17800. Max Call OI is at 18200 then 18100. Option data suggests a trading range between 17800 to 18200.

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