Actionable: Buy Muthoot Finance, Reliance Industries, LTI.

Insight Online News

From Advisory Desk : Vikash Sahay

12th November 2021

Market Outlook: US markets witnessed a mixed bag, however futures are trading higher by a quarter percent. Asian markets too have started in positive, with SGX Nifty is trading higher by 50 points. Dollar index surged to 16-months high after the strong US inflation data and is currently trading above 95 mark. Yesterday, indian markets remained under pressure throughout the day amid concerns over mounting inflationary pressure in the global markets but slightly recoverd in the final hour of the day. BSE Capital goods index hits a new life high on account of strong results and improved demand outlook. We continue to recommend selectively buying on dips and short covering may not be ruled out above 17950. Today, CPI and IIP data will be released after the market hours.

Actionable: Buy Muthoot Finance, Reliance Industries, LTI.

Global market:
DOW:  -158
SGX NIFTY:   +50  (prev.close 17926)
NIFTY 50 : 17873
Sensex : 59919

Institution:
FII:                    -1637 Cr
DII:                   +446 Cr

NSE:
Advances: 1381 / Declines: 1909

Currency:
Dollar: $ 74.51
Dollar Index: 95.26

Commodity:
Gold: $1861  per ounce
Crude: $82.60  per barrel

Bonds:
10 year US bond rate: 1.57
10 year Indian Bond rate: 6.37

Derivative:
PCR: 0.84
VIX:  16.35

Today’s results announcement: Coal india, Grasim industries, Hero motocorp, Hindalco, ONGC, Motherson sumi, PI industries, Apollo hospitals, Abbot, Alkem, Amaraja batteries, Ashok leyland, Bharat forge, CUB, Glenmark, Granules, Idea, GMR, Nalco, Bajaj electricals, Burger King,  Deepak fertilisers, EIH, Fiem, Finolex cables, Force motors, Fortis healthcare, Globus spirits, IRCON, NFL, NBCC, Paras defence, Spice jet, Spencer, Teamlease.

Results update:
Above estimates:Page industries, Brigade enterprises
Inline estimates: Godrej Consumer, PEL, Clean science, Balkrishna industries, Tata steel
Below estimates: Zee, Natco, BDL, Endurance technologies

Updates:

MSCI Semi-annual index review

MSCI INDIA INDEX: Additions: Tata power, Godrej properties, IRCTC, Mindtree, Mphasis, SRF, Zomato. Deletions: IPCA labs, REC

Securities in BAN: BHEL, BOB, ESCORTS, IBUHSGFIN, PNB, SAIL, SUNTV.

Derivative View : VIX closed at 16.35. Max Put OI is at 17800 then 17600. Max Call OI is at 18000 then 18100. Option data suggests a trading range between 17600 to 18100.

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