Actionable: Buy Piramal enterprises, BEL, Kotak Mahindra Bank, IPCA labs.

Insight Online News

From Advisory Desk : Vikash Sahay

15th September 2021

Market Outlook: US Markets closed in red on growth concerns as inflation data was below expectations. Asian Markets too are trading in lower after disappointing economic data from china. SGX Nifty is indicating flattish opening. India VIX continue to remain below the level of 15. FIIs have been continously being strong buyers in cash segment from last two days. The broader indices may remain range bound however stock specific action will continue.

Actionable: Buy Piramal enterprises, BEL, Kotak Mahindra Bank, IPCA labs.

Global market:
DOW:  -292
SGX NIFTY:  +20  (prev.close 17391)
NIFTY 50 : 17380
Sensex : 58247

Institution:
FII:                      +1650 Cr
DII:                      -310 Cr

NSE:
Advances: 1888 / Declines: 1347

Currency:
Dollar: $ 73.68
Dollar Index: 92.63

Commodity:
Gold: $1805  per ounce
Crude: $74.05  per barrel

Bonds:
10 year US bond rate: 1.28
10 year Indian Bond rate: 6.20

Derivative:
PCR: 0.90
VIX:  13.57

Updates:

Shree cements: Company has announced various new expansion plans worth of Rs.4,750 over the next 4 years which includes integrated cement plant in rajasthan, solar power plant for captive requirements and clinker capacity expansion by subsidiary in west Bengal.

Securities in BAN: CANBK, ESCORTS, EXIDEIND, IDEA, IRCTC, LICHSGFIN, NALCO, SUN TV.

Derivative View : VIX closed at 13.53. Max Put OI is at 17300 then 17200. Max Call OI is at 17500 then 17400. Option data suggests a trading range between 17200 to 17500.

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