From Advisory Desk : Vikash Sahay
6th April 2021 : Market outlook: US markets ended one percent higher. Asian markets are trading in mix and SGX Nifty is down by meager 30 points. FIIs sold in cash worth Rs 950 cr. VIX jumped above the level of 21. IT sector have started showing strength ahead of results.
Actionable: Buy Tata Elxsi & JSPL.
SGX NIFTY: -5 (prev.close 14722)
NIFTY 50 : 14637
(closing gap of 85 points between Sgx nifty and Nifty 50)
Sensex : 49159
FII: -932 Cr
DII: +75 Cr
Advances: 1023 / Declines: 1934
Dollar: $ 73.29
Dollar Index: 92.61
Gold: $1735 per ounce
Crude: $62.80 per barrel
10 year US bond rate: 1.68
10 year Indian Bond rate: 6.12
JSPL Q4 update: Company posted highest ever production and sales in FY21. March sales up 61% YoY and 44% MoM, exports accounted for 34% of total sales vs 13% in previous year.
Bajaj Finance Q4 update: Bajaj finance had a healthy Q4 , company’s AUM grew by 6.5% QoQ and 4% yoy to 1.53lacs crore in Q4. Acquired 2.3m new customers during the quarter and new loans booked at 5.5m led by healthy traction in consumer B2B loans, mortgage loans and a gradual uptick in consumer B2C. Deposit book grew by 9% qoq and CRAR remained healthy at 28.4%.
Sobha Q4 update: Company reported best ever sales volumes of 1.33 msf valued at Rs.1072 crore, sales volume, sales value and price realization were up by 18%, 21% and 2% respectively vs Q3.
Securities in BAN: NIL.
Derivative View : VIX closed at 21.21. Max Put OI is at 14500 then 14300. Max Call OI is at 15000 then 14800. Option data suggests a trading range between 14300 to 14800.