Actionable : Buy SAIL, Hindalco & Balrampur chini.

Insight Online News

From Advisory Desk : Vikash Sahay
 
Market outlook: Dow Jones closed on life high. Asian markets too are up half a percent and SGX Nifty is trading slightly below 14900. VIX is above level 22. Gold and silver advanced by 2%. FIIs have resumed buying. However the rising covid cases shall limit the market on higher level, ahead of the weekend.

Actionable: Buy SAIL, Hindalco & Balrampur chini.

Global market:
DOW:  +318
SGX NIFTY:   +75  (prev.close 14797) (SGX nifty prev. close 73 points higher than Nifty 50 prev. close)
NIFTY 50 : 14724
Sensex : 48949

Institution:
FII:                     +1223 Cr
DII:                     -633 Cr

NSE:
Advances: 1622 / Declines: 1371

Currency:
Dollar: $ 73.76
Dollar Index: 90.90

Commodity:
Gold: $1815  per ounce
Crude: $68.10  per barrel

Bonds:
10 year US bond rate: 1.57
10 year Indian Bond rate: 5.97

Derivative:
PCR: 0.93
VIX:  22.03

Today’s results announcement: HDFC, Ultratech cement, Dabur, Kansai nerolac paints, Navin Flourine, Cholamandalam investments, Godrej agrovet.

Result Update:
Above estimates: Heromotocorp,Coforge
Below estimates: Tata Consumer
 
Updates:
 
SBI life insurance: Carlyle to sell 3.5% stake in SBI Life for about Rs.3,300 crore through block deals today at a floor price of Rs.945 per share, which implies a discount of 2.5% to previous closing price.

Dr reddy’s and Gland pharma: Russia has authorizes use of Sputnik Light, a one shot coronavirus vaccine after it demonstrated 79.4% efficiency.
 
Metal Companies: China steel prices hit record high, iron ore and aluminimu are trading at record high in shanghai due to high demand prospects.
 
Securities in BAN: BHEL, SUNTV, TATACHEM.
 
Derivative View : VIX closed at 22.03. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 14900. Option data suggests a trading range between 14500 to 15000.

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