Actionable: Buy Tata steel, Hindalco, Tata motors, AU Small Finance bank, Dr lalpath labs.

Insight Online News

From Advisory Desk : Vikash Sahay

27th October 2021

Market Outlook: US markets closed in another records highs. Asian markets have started in red, with SGX Nifty is indicating a flat opening. FIIs continued their selling in cash amounting over Rs.2,000 crore for the fourth consective day. Yesterday, we saw a decent pullback into broader market with Mid & Small cap indices recovering over 2% after the sharp decline in last few sessions. The market breadth is quite strong with advance decline ratio of 3:1 at close. With US markets at all time highs, strong Q2 results and liquidity through retail participation, will limit the markets from downside. We expect the short covering led recovery to continue further if Nifty holds above 18250. US Aluminum major constellium to annouce results today and will keep hindalco in focus.

Actionable: Buy Tata steel, Hindalco, Tata motors, AU Small Finance bank, Dr lalpath labs.

NYKAA ( Subscribe): IPO will open tomorrow for subscription and closes on 1st Nov, 2021. IPO issued at a price band of Rs.1085-1125 per share.

Global market:
DOW:  +15
SGX NIFTY:   -45  (prev.close 18333)
NIFTY 50 : 18268
Sensex : 61350

Institution:
FII:                     -2369 Cr
DII:                    +1385 Cr

NSE:
Advances: 2178 / Declines: 1099

Currency:
Dollar: $ 74.96
Dollar Index: 93.93

Commodity:
Gold: $1790  per ounce
Crude: $85.05  per barrel

Bonds:
10 year US bond rate: 1.63
10 year Indian Bond rate: 6.36

Derivative:
PCR: 0.84
VIX:  16.76

Today’s results announcement: Maruti, ITC, SBI Life, Adani ports, L&T, Bajaj auto, Indusind bank, Titan, Lupin, Deepak , Adani enterprises, Cummins, OFSS, PNB, Tata power, Tata chemicals, UBL, United spirits, Zee enterprises, Aarti drugs, Aegis logistics, Arvind, Balaji amines, Dalmia bharat, Happiest minds, HIL, JK paper, KEC international, KEI industries, Mahindra logistics, Praj industries, Sagar, Sona BLW, Welspun india.

Results update:
Above estimates: Kotak mahindra bank, Cipla, NAM india, Hikal, Persistant systems, Canara bank, ABB india, Zensar technologies
Inline estimates: Axis bank, Bajaj finance, MGL
Below estimates: Torrent pharma, Ambuja cements, MRPL

Securities in BAN: CANBK, IBULHSGFIN, NMDC, IEX, SAIL, SUNTV.

Derivative View : VIX closed at 16.75. Max Put OI is at 18000 then 18200. Max Call OI is at 18500 then 18300. Option data suggests a trading range between 18000 to 18500.

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