Actionable : Buy Ultratech & TCS

From the Advisory desk : Vikash SAhay

09-Dec-2020: Market Outlook: Rollout of Pfzier vaccine is UK and President elect Biden announced distribution of 100 mn vaccine by coming Tuesday and Stimulus package is negotiated proactively. This kept US market to end half a percent higher. Asian market too are trading up by half a percent. SGX Nifty is up by 50 points. Though November has seen redemption in MF. However FIIs again bought 3000 cr yesterday, taking the total amount for the month to Rs 17,000 cr. After a strong demand of QIP in Canada Bank, Yesterday PSU Bank helped Nifty to close in green.

Actionable: Buy Ultratech & TCS

Global market:
DOW: +104
SGX NIFTY: +40 (prev.close 13415)
NIFTY 50 : 13392
Sensex : 45608

Institution:
FII: +2910 Cr
DII: -2641 Cr

NSE:
Advances: 1453 / Declines: 1499

Currency:
Dollar: $ 73.52

Commodity:
Gold: $1871 per ounce
Crude: $48.65 per barrel

Bonds:
10 year US bond rate: 0.93
10 year Indian Bond rate: 5.94

Update:

ICICI Bank plans to sell up to 2.21% of the unit’s share capital via OFS at Rs440 a share –non Retail for 9th December and Retail segment OFS on 10th December.

Securities in Ban: CANBK

Derivative view: VIX is at 18. Option band is likely to be between 13200-13500.

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