Actionable: Buy SBI, Mindtree, ACC, Ashok Leyland.

Insight Online News

From Advisory Desk : Vikash Sahay

2nd November 2021

Market Outlook: US markets closed at another record highs. However, futures are trading flat and asian markets have started in mix, with SGX Nifty is trading in positive. Yesterday, indian markets recovered strongly on account of rally in global markets, strong macro economic data and good Q2 results. Banking & Financials, IT, Metals, Realty stocks were top gainers. The market breadth has turned out to be quite strong in favour of advancing counters. We remain positive on markets and expect the stock specific action will be in momentum.

Actionable: Buy SBI, Mindtree, ACC, Ashok Leyland.

Global market:
DOW:  +94
SGX NIFTY:   +25  (prev.close 17997)
NIFTY 50 : 17929
Sensex : 60138

Institution:
FII:                     -202 Cr
DII:                    +116 Cr

NSE:
Advances: 2119 / Declines: 1193

Currency:
Dollar: $ 74.86
Dollar Index: 93.95

Commodity:
Gold: $1791  per ounce
Crude: $85.00  per barrel

Bonds:
10 year US bond rate: 1.57
10 year Indian Bond rate: 6.39

Derivative:
PCR: 0.82
VIX:  17.23

Today’s results announcement: Bharti airtel, HPCL, Sun pharma, Godrej properties, Union bank of India, Advanced enzymes, Bajaj healthcare, BASF India, Bharat gears, Bombay dying, Dabur, Easy trip planners, Eclerx services, Gillette, Indoco remedies, JSPL, Jyothy labs, Laxmi organics, Minda corporation, MTAR technologies, NCL industries, NOCIL, PNB Housing finance, Radico khaitan, Stove Kraft, Trent.

Updates:

PI industries: Has announced that due to non fulfillment and also disagreement on some of pre-agreed conditions, the company has decided to terminate the business transfer agreement with Ind Swift labs. Earlier, company has agreed to acquire API business of Ind Swift for an EV of Rs.1530 crore.

Tata power: As per reports, Black rock is planning to investment about $500-750 million in Tata power Renewable energy ltd which will value the subsidiary of Tata power at around $5 billion.

Securities in BAN: ESCORTS, PNB.

Derivative View : VIX closed at 17.23. Max Put OI is at 17800 then 17700. Max Call OI is at 18000 then 18200. Option data suggests a trading range between 17700 to 18200.

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