Actionable: Buy Tata motors, SBI, Bata.

Insight Online News

From Advisory Desk Vikash Sahay

11th January 2022
 
Market Outlook: US markets mixed at close after sharply recovered from intraday lows led by tech stocks, as bond yields falls from recent highs. Asian markets have started in mix, with SGX nifty is trading in red. Yesterday, Nifty opened with a gap up and closed above 18k mark, supported by Financials and Auto stocks. FIIs have been the net buyers in cash segment in this month so far. Latest AMFI data shows that inflows through SIP route reached to a new high of Rs.11,300 crore which will continue to support the markets going forward. Overall, trend remains positive however profit booking may not be ruled after the recent rally and continue with buy on dips.
 
Actionable: Buy Tata motors, SBI, Bata.
 
Global market:
DOW:  -162
SGX NIFTY:   -60  (prev.close 18047)
NIFTY 50 : 18003
Sensex : 60395

Institution:
FII:                     -124 Cr
DII:                    +482 Cr

NSE:
Advances: 2630 / Declines: 1016

Currency:
Dollar: $ 74.04
Dollar Index: 95.88

Commodity:
Gold: $1804  per ounce
Crude: $81.25  per barrel

Bonds:
10 year US bond rate: 1.75
10 year Indian Bond rate: 6.59

Derivative:
PCR: 0.93
VIX:  17.67

Today’s results announcement: Delta Corp.

Updates:
 
Aurobindo pharma: As per reports, Company has initiated talks with major PE funds to sell a stake of around 30-35% in its injectable business for around Rs.4,500-5,250 crore, as per the plan to unlock value in its core business.

Fortis healthcare: US based trust Emqore Envesecure has filed a suit against the company, promoters and others for copyright infringement, tortious interference with contracts etc and it has claimed damages in excess of $6.5billion.

IT Stocks: ISG, leading global IT consultants, given a deal win guidance for managed services at 5.1% yoy in CY22. Overall, strong commentary and suggests further pick up in deal signings.

Securities in Ban: Delta Corp, IBULHSGFIN, RBL Bank .
 
Derivative View : VIX closed at 17.67. Immediate max Put OI is at 17800 then 17900. Max Call OI is at 18200 then 18100. Option data suggests a trading range between 17800 to 18200.

Leave a Reply

Your email address will not be published. Required fields are marked *