From Advisory Desk : Vikash Sahay
3rd March 2021 : Market Outlook: US markets ended in red by a percent. However Asian markets are trading up by a quater percent. SGX Nifty is up by a meagre 20 points. FIIs bought Rs 2000 cr in cash. Yesterday Auto and IT led Nifty to close above 14900.
Actionable: Buy Ramco cement, Voltas, HCL Tech, Bharat forge
MTAR Technologies( Subscribe for Long Term): IPO opens today for subscription and closes on March 5, 2021. Issued at a price band of Rs.574-575 per share.
SGX NIFTY: +20 (prev.close 14983)
NIFTY 50 : 14919
Sensex : 50296
FII: +2223 Cr
DII: -854 Cr
Advances: 1802 / Declines: 1222
Dollar: $ 73.36
Dollar Index: 90.77
Gold: $1732 per ounce
Crude: $62.65 per barrel
10 year US bond rate: 1.41
10 year Indian Bond rate: 6.24
IRCON OFS: Govt to sell upto 10% stake in the company through OFS at a floor price of Rs.88 per share, which is 10% discount to yesterday’s closing price. Also have a greenshoe option sell additional 6% of the total equity. Offer opens today for non retail investors and tomorrow for retail investors.
Bharat forge: February North America class 8 truck sales increased by 4% MoM and 212% YoY at 43,800 units.
Securities in BAN: SAIL.
Derivative View : VIX closed at 23.60. Max Put OI is at 14700 then 14800. Max Call OI is at 15000 then 15200. Option data suggests a trading range between 14700 to 15200.