Actionable: Buy Tata consumer & HCL Tech

Insight Online News

From Advisory desk : Vikash Sahay

23rd March 2021 : Market outlook: US markets closed half a percent higher. Asian markets are trading flat to positive and SGX Nifty is trading flat. VIX is slightly above 20. Yesterday Banks and financials dragged Nifty but FMCG, IT and Pharma helped Nifty to close flat. FIIs sold Rs 700 cr in cash. In midst of resurgence of covid cases, we have witnessed Nifty finding tough to cross 15000 decisively.

Actionable: Buy Tata consumer & HCL Tech
 
Global market:
DOW:  +103
SGX NIFTY:   +50  (prev.close 14715)
NIFTY 50 : 14736
Sensex : 49771

Institution:
FII:                     -787 Cr
DII:                    +543 Cr

NSE:
Advances: 1557 / Declines: 1491

Currency:
Dollar: $ 72.36
Dollar Index: 91.85

Commodity:
Gold: $1732  per ounce
Crude: $63.75  per barrel

Bonds:
10 year US bond rate: 1.69
10 year Indian Bond rate: 6.18

Derivative:
PCR: 0.92
VIX:  20.49

Updates:
 
KEC international: Company has secured new orders worth of Rs.1,429 crore across its various businesses.
 
Financials: Supreme Court to pronounce its final judgment in plea seeking extension of the loan moratorium as well as waiver of interest on term loan EMIs during the six-month moratorium period today at 10:30 AM. Also to pronounce order on sector specific loan relief.
 
Mahindra & Mahindra: The Ministry of Defence has signed a contract with Mahindra Defence Systems for supply of 1,300 Light Specialist Vehicles to the Indian Army at a cost of Rs 1,056 cr.

Securities in BAN: IDEA, SAIL.
 
Derivative View : VIX closed at 20.49. Max Put OI is at 14500 then 14600. Max Call OI is at 15000 then 14900. Option data suggests a trading range between 14500 to 15000.

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