From Advisory Desk : Vikash Sahay
31st March 2021 : Market outlook: The rising bond yields led US markets to close half a percent lower. Asian markets too are trading half a percent lower and SGX Nifty is trading 75 points lower. FIIs bought Rs 750 cr in cash. VIX has cooled down by 9% to the level of 20. Nifty may see resistance to cross 15000.
Actionable: Buy Ultratech & ICICI Bank.
SGX NIFTY: -5 (prev.close 14929)
NIFTY 50 : 14845
(closing gap of 84 points between Sgx nifty and Nifty 50)
Sensex : 50136
FII: +769 Cr
DII: +2181 Cr
Advances: 1518 / Declines: 1433
Dollar: $ 73.38
Dollar Index: 93.33
Gold: $1680 per ounce
Crude: $64.30 per barrel
10 year US bond rate: 1.74
10 year Indian Bond rate: 6.14
IDFC First Bank: Company launches QIP on yesterday, at a floor price of Rs.60.34 per share, which is a premium of 3.5% to yesterday’s closing price. Company may offer a discount of not more than 5% on the floor price at its discretion. Board to meet on April 6, 2021 to consider and approve the issue price.
Tata power: Announced that the company has received a letter of award from Gujarat Urja Vikas Nigam limited to develop a 60 MW solar project. Under the PPA, power will be supplied to GUVNL for a period of 25 years.
KNR Constructions: Company received letter of acceptance from NHAI for construction of road projects in the state of kerala on Hybrid annuity mode under bharatmala pariyojana. The cost of the project was Rs. 2116 crore and to be completed in 30 months.
UltraTech Cement: The company has prepaid its long-term loans amounting to Rs 5,000 crore which is approx 25% of the total debt . The loan repayments have been done through free cash flows generated over the last few quarters.
Securities in BAN: SAIL.
Derivative View : VIX closed at 20.48. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 15100. Option data suggests a trading range between 14500 to 15100.