Actionable: Buy TCS, KNR Construction, ABFRL, Indian Hotels.

Insight Online News

From Advisory Desk : Vikash Sahay

12th August 2022

Market Outlook: US markets closed in mix while treasury yields rose, as investors continue to digest inflation data and its implications for FED policy. Crude oil prices rose after the IEA increased its forecast for global demand, easing recent growth concerns. Asian markets have started on a mixed note, with SGX Nifty is indicating a flat opening for Indian markets. Locally, Nifty has remained in tight range throughout the day after the gap-up opening and closed near intraday low. We expect markets to trade in sideways today ahead of long weekend however stock specific action will continue. Today, CPI and IIP numbers will be released after the market hours.

Actionable: Buy TCS, KNR Construction, ABFRL, Indian Hotels.

Global market:

DOW: +27

SGX NIFTY: -20 (prev. close 17688)

NIFTY 50 : 17659

Sensex : 59332

Institution:

FII: + 2298 Cr

DII: – 730 Cr

NSE:

Advances: 1792 / Declines: 1596

Currency:

Dollar: $ 79.64

Dollar Index: 105.28

Commodity:

Gold: $1803 per ounce

Crude: $98.95 per barrel

Bonds:

10 year US bond rate: 2.88

10 year Indian Bond rate: 7.27

Derivative:

PCR: 1.03

VIX: 18.35

Today’s Result – ONGC, LIC, Hero MotoCorp, Grasim Industries, Divis Labs, Zee Entertainment Enterprises, Aegis Logistics, Ahluwalia Contracts, Apollo Tyres, Astral, Bajaj Electricals, Bajaj Healthcare, Bajaj Hindusthan Sugar, Balaji Amines, Bharat Dynamics, Campus Activewear, Dilip Buildcon, Dhani Services, Finolex Cables, Godrej Industries, Hindustan Aeronautics, Indiabulls Real Estate, India Cements, Kolte-Patil Developers, Muthoot Finance, Info Edge India, Power Finance Corporation, SJVN, Sun TV Network, Supriya Lifescience, Timken India, Varroc Engineering, Voltamp Transformers, and Wockhardt.

Results update:

Above estimates: Bata India, Bharat Forge, Phoenix mills, Page Industries, Greaves cotton, KNR Construction, Sunteck, Wonderla holidays, Sapphire foods, Himadri Specialty

Inline estimates: Apollo Hospitals, Trent, Quess Corp

Below estimates: Shilpa Medicare, Auroindo Pharma

Updates:

Adani Enterprises Ltd – Adani Group got the approval to build the refinery and a captive power plant in Rayagada for an investment of Rs.416.53 billion ($5.2 billion).

Balaji Amines – Subsidiary Balaji Speciality Chemicals, has filed a draft red herring prospectus with the Sebi for fund raising via initial public offering. The offer consists of a fresh issue of equity shares worth Rs.250 crore and an offer for sale of 2.6 crore shares.

Aditya Birla Capital – ADIA to invest Rs.650 crore in Aditya Birla Health Insurance for 9.99% stake. Fund infusion values Aditya Birla Health at Rs.6650 cr.

Securities in Ban: Balrampur Chini, Delta Corp.

Derivative View: Max Put OI is at 17500 and 17000 and Max Call OI is at 18000 and 17700. Option data suggests a wider trading range between 17000 to 18000.

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