Actionable: Buy Ultratech cement, Eicher Motors, Oberoi reality

Insight Online News

From Advisory Desk : VIkash Sahay

25th January 2021 ; Market Outlook: Dow futures is up by 100 points on back of news that Biden is pushing the stimulus package aggressively to execution. Asian markets too are trading up by a quarter percent. However SGX Nifty is up by 120 points as the results declared by companies over the weekend was quite impressive. FIIs were the sellers of 650 cr.

Actionable: Buy Ultratech cement, Eicher Motors, Oberoi reality

Global market:
DOW:  -179
SGX NIFTY:   +105  (prev.close 14357)
NIFTY 50 : 14371
Sensex : 48878

Institution:
FII:                   -636 Cr
DII:                  -1290 Cr

NSE:
Advances: 910 / Declines: 2072

Currency:
Dollar: $ 72.98
Dollar Index: 90.25

Commodity:
Gold: $1854  per ounce
Crude: $55.10  per barrel

Bonds:
10 year US bond rate: 1.10
10 year Indian Bond rate: 5.94

Derivative:
PCR: 1.03
VIX:  22.42

Today’s results announcement: L&T, Kotak mahindra bank, Aarti drugs, APL Apollo tubes, Astec lifesciences, Can fin homes, ICICI Securities, Navin Flourine.
 
Results update:
Above estimates: Ultratech cement, JSW Steel, Oberoi realty, Crompton Consumer, Yes bank, DCB bank
Inline estimates: Reliance industries, HDFC life, SBI life
Below estimates: Birla corporation

Updates:
 
Grasim industries: Announces entry into the paints business. Board has approved initial capital expenditure of upto Rs. 5,000 crore over the next 3 years. The company believes the sector will be value accretive to shareholders.
 
Tata power: Tata power solar receives the EPC order for Rs.1200 crore from NTPC for setting up of 320MW ground mounted solar PV project. With this addition, the order pipeline of Tata power solar stands at  approxe Rs.12000 crores.
 
Securities in Ban: NALCO, PNB, SAIL.

Derivative View : VIX closed at 22.42. Max Put OI is at 14300 then 14200. Max Call OI is at 14600 then 14500. Option data suggests a trading range between 14200 to 14600.

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