Actionable: Buy Mphasis, JSW Steel, PVR, SBI.

From Advisory Desk : Vikash Sahay

19th October 2021
 
Market Outlook: US markets extended a rebound after opening lower, on expectation of strong earnings from tech companies. Asian markets have started on a positive note, with SGX Nifty is trading higher by 80 points. US Bond yields sharply raised to recent highs, before closing at 1.57. Yesterday, markets had opened positively and gradually moved to yet another all time high with strong advance decline ratio of 2:1 at close. Midcap IT stocks would be in focus on back of strong results and other sectors like Metals and PSU banks also would be in focus. Overall, we remain positive on markets however be cautious on stock selection at this level.
 
Actionable: Buy Mphasis, JSW Steel, PVR, SBI.
 
Global market:
DOW:  -36
SGX NIFTY:   +80  (prev.close 18486)
NIFTY 50 : 18477
Sensex : 61765

Institution:
FII:                     +512 Cr
DII:                     -1704 Cr

NSE:
Advances: 1758 / Declines: 1696

Currency:
Dollar: $ 75.34
Dollar Index: 93.81

Commodity:
Gold: $1770  per ounce
Crude: $84.20  per barrel

Bonds:
10 year US bond rate: 1.57
10 year Indian Bond rate: 6.39

Derivative:
PCR: 0.86
VIX:  17.18

Today’s results announcement: HUL, Nestle, ACC, LTTS, ICICI pru, Navin Flourine, Icici sec, Mastek, Jubilant ingrevia, Rallis India,  Sonata software, Network18, TV18 broadcast, Nelco, Heidelberg, 5 Paisa, Shakti pumps, DCM shriram, Tata steel BSL.

Results update:
Above estimates: LTI, Route mobile
Inline estimates: Ultratech cement
Below estimates:

Updates:
 
IEX: Board to consider proposal for declaration of bonus issue of equity shares  on October 21.

Securities in BAN: AMARAJABAT, BHEL, ESCORTS, IBUHSGFIN, IDEA, NALCO, SUNTV.
 
Derivative View : VIX closed at 17.18. Max Put OI is at 18000 then 17900. Max Call OI is at 18200 then 18300. Option data suggests a trading range between 17900 to 18300.

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