Actionable : Buy Reliance, Tata steel, Max financial.

Insight Online News

From Advisory Desk : Vikash Sahay

10th February 2021 : Market Outlook: US markets ended flat. Ahead of China’s new year holidays, Asian market trades mildly in green, including SGX Nifty which is up by 25 points. FIIs have bought 17000 cr in cash in the month so far. Yesterday metal and auto led nifty to loose intraday gains and thus Nifty ended flat.

Actionable: Buy Reliance, Tata steel, Max financial.

Global market:
DOW:  -9
SGX NIFTY:   +45  (prev.close 15117)
NIFTY 50 : 15109
Sensex : 51329

Institution:
FII:                   +1301 Cr
DII:                   -1756 Cr

NSE:
Advances: 1270 / Declines: 1710

Currency:
Dollar: $ 72.89
Dollar Index: 90.48

Commodity:
Gold: $1840  per ounce
Crude: $61.20  per barrel

Bonds:
10 year US bond rate: 1.17
10 year Indian Bond rate: 6.07

Derivative:
PCR: 0.91
VIX:  24.27

Today’s results announcement: Eicher motors, GAIL, Titan, Hindalco, Aurobindo pharma, Bata, IGL, Page industries, ABB india, BEML, Bank of india, Bharat rasayan, GSPC, Happiest mind, JB chemicals, MAS Financial, Metropolis, NBCC, NLC, P&G Hygiene, RITES, SH Kelkar, Spicejet, TTK presitage, Ujjivan fin services.

Results update:
Above estimates: Tata steel, Muthoot finance, Berger paints, Endurance, Lemon tree, Max financials
Inline estimates: MGL, Torrent power, Adani ports
Below estimates: Raymond, Burger king, GMDC, Abbott india

Updates:

Phoenix Mills: Has announced the acquisition of approximately 7.48 acres of prime land in Alipore, Kolkata for a total consideration of Rs.300 Cr. The land parcel is strategically located on Diamond Harbour Road, Alipore, Kolkata.

MSCI Feb Quarterly index changes: MSCI announced changes in stocks weightage in global standard index with effective from March 1, 2021. Due to rebalancing weightage increases in stocks like Bharati airtel, Indus towers, Hdfclife, ICICI GI and negligible decrease in Reliance, ICICI, Infosys, HDFC.

Securities in Ban: BHEL, SUNTV.

Derivative View : VIX closed at 24.27. Max Put OI is at 15000 then 14800. Max Call OI is at 15300 then 15200. Option data suggests a trading range between 14800 to 15300.

Motilal Oswal

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