Actionable: Buy SBI, DLF, Maruti, Polycab.

Insight Online News

From Advisory Desk : Vikash Sahay

13th December 2021

Market Outlook: US markets closed at near all-time high despite the inflation surged to 39-year high which indicates markets were discounting the CPI data. Even futures are trading higher by a quarter percent. Asian markets have started on positive note, with SGX Nifty is trading higher by 120 points. On Friday, Nifty witnessed a range bound move after a flat opening. Now, Nifty has to hold 17500 for further up move. Today, CPI numbers would be released after market hours.

Actionable: Buy SBI, DLF, Maruti, Polycab.

IPO Listing: Tega Industries shares to start trading in exchanges today after oversubscribed by 219 times.

Global market:
DOW:  +216
SGX NIFTY:   +120  (prev.close 17545)
NIFTY 50 : 17511
Sensex : 58786

Institution:
FII:                    -1092 Cr
DII:                   +387 Cr

NSE:
Advances: 2085 / Declines: 1197

Currency:
Dollar: $ 75.76
Dollar Index: 96.09

Commodity:
Gold: $1787  per ounce
Crude: $76.10  per barrel

Bonds:
10 year US bond rate: 1.50
10 year Indian Bond rate: 6.37

Derivative:
PCR: 0.91
VIX:  16.06

Updates:

Dr reddy’s: Company receives USFDA approval for ANDA Vera Ring ( generic version of Nuvaring) which has an annual branded sales of $ 837 million as of 2020.

Burger King India: Company’s board of directors will meet on 15th Dec to consider the proposal to raise funds via private or public offerings and other permissible modes.

Securities in Ban: ESCORTS, IDEA, IBULHSGFIN.

Derivative View : VIX closed at 16.06. Immediate max Put OI is at 17500 then 17300. Max Call OI is at 17600 then 17700. Option data suggests a trading range between 17300 to 17700.

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