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.
SGX NIFTY: +20 (prev.close 16310)
NIFTY 50 : 16294
Sensex : 54492
FII: -720 Cr
DII: +732 Cr
Advances: 1151 / Declines: 2081
Dollar: $ 74.16
Dollar Index: 92.34
Gold: $1803 per ounce
Crude: $71.15 per barrel
10 year US bond rate: 1.23
10 year Indian Bond rate: 6.21
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.
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.