Actionable: Buy Tata Consumer & Sun Pharma

Insight Online News

From Adviosry Desk : Vikash Sahay

17th February 2021 : Market Outlook: The spike in 10 years & 30 years bond yield kept the US markets to close flat to negative. Asian markets are trading in mix. SGX Nifty has slipped by 75 points. Yesterday metals and bank were the gainers, however IT and FMCG were the lossers. We reiterate that we remain positive on markets in longer term view.

Actionable: Buy Tata Consumer & Sun Pharma

Global market:
DOW:  +64
SGX NIFTY:   -105  (prev.close 15328)
NIFTY 50 : 15313
Sensex : 52104

Institution:
FII:                    +1144 Cr
DII:                    -1560 Cr

NSE:
Advances: 1310 / Declines: 1660

Currency:
Dollar: $ 72.68
Dollar Index: 90.72

Commodity:
Gold: $1790  per ounce
Crude: $62.85  per barrel

Bonds:
10 year US bond rate: 1.30
10 year Indian Bond rate: 6.02

Derivative:
PCR: 0.98
VIX:  21.78

Updates:

Adani ports: The company said that it has completed acquisition of Dighi port and would invest over Rs.10,000 crore in developing it an alternate gateway to JNPT.

Tech mahindra: IBM and Tech mahindra have partnered to jointly develop solutions for clients that would potentially generate $billion in revenue over the next 3 years. Two companies will work on major focus areas like 5G,Automation, Hybrid Cloud, Cyber security, data and AI.

Tata Consumer: As per reports, Tata group is in final stage of acquiring a majority stake of 68% in BigBasket for about Rs.9,300-9,500 crore.

Indusind bank: Indusind International Holdings ltd, the promoter company of Indusind bank has completed its capital raise to redeem the balance of 75% of the warrants at the price of Rs.1709/- in the company, aggregating to Rs.2000 crore and also have pledged 5.64% stake in the company with Catalyst Trusteeship.

Securities in Ban: SAIL.

Derivative View : VIX closed at 21.71. Max Put OI is at 15000 then 15300. Max Call OI is at 15400 then 15500. Option data suggests a trading range between 15000 to 15500.

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