Actionable: Buy SAIL, HCL tech, lauras lab & JK lasksmi.

Insight Online News

From Advisory Desk : Vikash Sahay

6th August 2021

Market Outlook: On account ofstrong quaterly results and improved macro data, Markets are expected to open positively. Focus would be on RBI policy announcement at 10 am. US market closed on record high and Asian market is trading mildly in red, with SGX Nifty trading flat to positive. Stock specific action will continue in the market.

Actionable: Buy SAIL, HCL tech, lauras lab & JK lasksmi.

IPO Listing: Glenmark life science shares to start trading in exchanges today after oversubscribed by 44 times.

Global market:
DOW:  +271
SGX NIFTY:   +20  (prev.close 16310)
NIFTY 50 : 16294
Sensex : 54492

Institution:
FII:                       -720 Cr
DII:                      +732 Cr

NSE:
Advances: 1151 / Declines: 2081

Currency:
Dollar: $ 74.16
Dollar Index: 92.34

Commodity:
Gold: $1803  per ounce
Crude: $71.15  per barrel

Bonds:
10 year US bond rate: 1.23
10 year Indian Bond rate: 6.21

Derivative:
PCR: 0.96
VIX:  12.87

Today’s results announcement: M&M, Hindalco industries, Muthoot finance, AU small finance bank, Tata power, Torrent power, Ujjivan small finance bank, Voltas, Zee entertainment, SAIL, Piramal enterprises, Alkem labs, BEL, BEML, Berger paints, Aarti industries, Abbott india, Anupam rasayan, Alembic, Astral, Arvind fashions, APL apollo tubes, Balkrishna industries, BASF india, Graphite, Indigo paints, JK tyres, Metropolis, MTAR technologies, NALCO, Phoenix mills, Strides pharma, Sona BLW precision forging.

Results update:
Above estimates: Cipla, Gujarat gas, IPCA labs, Tata chemicals, Escorts, NH
Inline estimates: GAIL, Birla corporation
Below estimates: Thermax, Quess corp

Securities in BAN: CANBK, IBULHSGFIN, RBL BANK, SUNTV.

Derivative View : VIX closed at 13.21. Max Put OI is at 16000 then 16200. Max Call OI is at 16300 then 16400. Option data suggests a trading range between 16000 to 16400.

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