From Advisory Desk: By Vikash Sahay
Market Outlook: Asian markets, including SGX Nifty have started higher by half a percent. Nifty crossed 16000 mark for the first time and closed at record high. Metal and realty index contributed the maximum in the run from 15k to 16k. Bank Nifty is still 1200 points away from life high. There are many IPOs lined up for this week. RBI MPC will start it’s meeting today and announce bi-monthly policy on Friday.
Actionable: Buy Nocil, IIFL wealth, TCS, ICICI bank.
SGX NIFTY: +80 (prev.close 16165)
NIFTY 50 : 16130
Sensex : 53823
FII: +2117 Cr
DII: -299 Cr
Advances: 1710 / Declines: 1541
Dollar: $ 74.28
Dollar Index: 92.03
Gold: $1816 per ounce
Crude: $72.25 per barrel
10 year US bond rate: 1.18
10 year Indian Bond rate: 6.20
Today’s results announcement: SBI, Titan, HPCL, Adani green, Godrej Consumer, Adani total gas, PNB Housing finance, Tata communications, Apollo tyres, Blue star, Bosch, Bhart bike, Borosil, renewables, Chmbal fertilisers share, Cosmo films, Greenply industries, Mayur uniquotes, Nava bharat, Solara active pharma, Sonata software, Sumito chemical, Tasty bites, Subros, Srikalhasthi pipes, Tata steel BSL.
Above estimates: Dabur, Bharti airtel, IIFL wealth, NOCIL
Inline estimates: Tata Consumer
TCS: Has received a supply chain modernization contract from Rich products, a global food company, to drive its end-to-end supply chain transformation, enhancing integrated planning and agility, and helping it meet changing customer demands.
Dr reddy’s: Company has re-launched OTC drug Naproxen sodium tablets for pain which had retail sales of $316 million in the US market.
Securities in BAN: SUNTV.
Derivative View : VIX closed at 13.74. Max Put OI is at 15900 then 16000. Max Call OI is at 16300 then 16200. Option data suggests a trading range between 15900 to 16300.