Actionable : Buy Titan.

From Advisory Desk : Vikash Sahay

14th December 2020 : Market Outlook, As the vaccine deployment starts this week in US, the capital markets ended flat and the Dow future is trading 200 points in green. Asian market is trading flat to positive. SGX Nifty is up by 50 points. FIIs seems to be liking India as emerging markets than ever before. In December, they have already bought INR 27000 cr and November and December total amount of FIIs buying is INR 90000cr, which is the highest ever.

Actionable: Buy Titan.

IPO Listing : Burger king shares to start trading in exchanges today after oversubscribed by 156 times.

Global market:
DOW: +47
SGX NIFTY: +55 (prev.close 13534)
NIFTY 50 : 13513
Sensex : 46099

Institution:
FII: +4195 Cr
DII: -2359 Cr

NSE:
Advances: 1744 / Declines: 1230

Currency:
Dollar: $ 73.65

Commodity:
Gold: $1839 per ounce
Crude: $50.00 per barrel

Bonds:
10 year US bond rate: 0.91
10 year Indian Bond rate: 5.96

Updates:

KEC international: Company has secured new orders worth of Rs.1,438 crore across its various businesses.

Cipla : Announces settlement of litigation with Celgene, relating to Revlimid capsules( Cancer drug). Celgene has agreed to provide cipla with the license to sell volume-limited amount of the capsules. Revlimid is one of the largest drug and had registered a sales of $7.5billion in US.

Iron Ore and Steel Companies: Iron ore futures on China’s Dalian Commodity Exchange surged by almost 10% on Friday to an all-time high, crossing the $152.95 per ton mark for the first time in history due to supply concerns in Brazil and Australia as both countries contribute more than 80% of the total seaborne iron ore supply.

Securities in Ban: PNB, CANBK

Derivative View : VIX closed at 18.79. Max Put OI is at 13500 then 13300. Max Call OI is at 13600 then 13800. Option data suggests a trading range between 13300 to 13800.

Insight Online News

Leave a Reply

Your email address will not be published.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