Actionable: Buy Tata Consumer, Wipro and Lauras lab.

From Advisory Desk : Vikash Sahay

14th September 2020 : Market Outlook: Dow futures is trading up by 250 points ahead of FED policy in this week. Asian markets are trading up by half a percent, including SGX Nifty which is up by 50 points in early tick. FIIs have been the buyers in last 2 sessions with Rs 2000 cr. VIX hovers at 20 level. Gold is consolidating at INR 51000. Over the weekend, SEBI has surfaced few changes in MFs scheme. The impact due to changes will be cascaded to small and mid cap stocks in a positive way. We expect the market to open on positive note.

Actionable: Buy Tata Consumer, Wipro and Lauras lab.

Global market:
DOW: +131
SGX NIFTY: +35 (prev.close 11454)
NIFTY 50 : 11464
Sensex : 38854

Institution:
FII: +1176 Cr
DII: -724 Cr

NSE:
Advances: 1375 / Declines: 1301

Currency:
Dollar: $ 73.54

Commodity:
Gold: $1955 per ounce
Crude: $39.82 per barrel

Bonds:
10 year US bond rate: 0.67
10 year Indian Bond rate: 6.03

Update:

Reliance industries: As per media reports, Carlyle Group is looking to invest $1.5-2 billion to buy a stake in Reliance Retail.

Securities in Ban: ADANIENT,APOLLOTYRE,BANKBARODA,BHEL,CANBK,IBULHSGFIN,IDEA,JINDALSTEL,PNB,VEDL.

Derivative View : VIX closed at 20.71. Max Put OI is at 11400 then 11300. Max Call OI is at 11500 then 11700. Option data suggests a wider trading range between 11300 to 11700.
Reliance industries: As per media reports, Carlyle Group is looking to invest $1.5-2 billion to buy a stake in Reliance Retail.

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