Actionable: Buy SBI card, SBI life & HCL Tech.

Insight Online News

From Advisory Desk : Vikash Sahay

17th March 2021 : Market Outlook: US market closed marginally in green as the FOMC meet is underway. Asian markets too are trading in mix and SGX Nifty was up by 30 points. VIX cools down to the level of 20. After three consecutive days of selling, FIIs turned buyers with Rs 1600 cr. Yesterday Banks and financials led the looses. However IT and FMCG led Nifty to close flat.

Actionable: Buy SBI card, SBI life & HCL Tech.

Buy on dips SBI card: CA Rover holdings is selling 3.8cr shares of 14.92 cr shares they hold in sbi card. Offer price of Rs981.8-1022.1 per share.

Buy on dips Vedanta: Promoters raises open offer price to Rs. 235 per share, which is a 4% premium to yesterday’s closing price.The offer size also has been increased to 65.1 crore equity shares representing 17.51% stake in vedanta. In January, promoters announced open offer to buy back 10% of the stake in the company at Rs.160 per share. Open offer tendering period opens on March 23, 2021 and closes on April 7, 2021.

Nazara Technologies Ltd ( Subscribe): IPO opens today for subscription and closes on March 19, 2021. Issued at a price band of Rs.1100-1101 per share.

Global market:
DOW:  -127
SGX NIFTY:   +35  (prev.close 14972)
NIFTY 50 : 14910
Sensex : 50363

Institution:
FII:                    +1692 Cr
DII:                    -1169 Cr

NSE:
Advances: 1421 / Declines: 1543

Currency:
Dollar: $ 72.55
Dollar Index: 91.94

Commodity:
Gold: $1732  per ounce
Crude: $68.35  per barrel

Bonds:
10 year US bond rate: 1.62
10 year Indian Bond rate: 6.18

Derivative:
PCR: 1.01
VIX:  20.19

Updates:

Tata Communications OFS: OFS opens for retail investors today after subscribed by 1.36 times by non- retail investors. Cut-off price determined for non retail category is Rs.1172.25.

Securities in BAN: BHEL, SUN TV.

Derivative View : VIX closed at 20.19. Max Put OI is at 14800 then 14700. Max Call OI is at 15200 then 15000. Option data suggests a trading range between 14700 to 15200.

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