Actionable : Buy Ultratech cement & Reliance.

Insight Online News

From Advisory Desk : Vikash Sahay

8th March 2021 : Market Outlook: Dow futures is up by 100 points as Senate passes $ 1.9 trillion covid relief package. Asian markets too are trading up by half a percent. SGX Nifty is up by 80 points. Crude at $ 71 and 10 year US bond yields at 1.58% may keep the markets under pressure at higher level.

Actionable: Buy Ultratech cement & Reliance.

Easy Trip Planners Ltd( Subscribe): IPO opens today for subscription and closes on March 10, 2021. Issued at a price band of Rs.186-187 per share.

Global market:
DOW:  +572
SGX NIFTY:   +140  (prev.close 14953)
NIFTY 50 : 14938
Sensex : 50405

Institution:
FII:                    -2014 Cr
DII:                    -1191 Cr

NSE:
Advances: 1010 / Declines: 1975

Currency:
Dollar: $ 73.19
Dollar Index: 91.89

Commodity:
Gold: $1710  per ounce
Crude: $71.25  per barrel

Bonds:
10 year US bond rate: 1.58
10 year Indian Bond rate: 6.23

Derivative:
PCR: 1.01
VIX:  25.56

Updates:
 
Adani ports: PE firm Warburg Pincus, will invest Rs. 800 crore for a 0.49% stake in the company at a price of Rs. 800 per share which is a premium of 6.7% to Friday’s closing price.

Securities in BAN: BANKBARODA, BHEL, PNB, SAIL, SUN TV.
 
Derivative View : VIX closed at 25.16. Max Put OI is at 15000 then 14800. Max Call OI is at 15000 then 15200. Option data suggests a trading range between 14800 to 15200.

News Desk

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