Actionable: Buy Ultratech,Investment: Buy IEX.
From Advisory Desk : Vikash Sahay
5th March 2021 : Market Outlook: OPEC agreed not to increase the oil production which resulted jump of over 4% in crude prices. Also the surge in 10 year US bond yield resulted profit booking in technology stocks, thus leasing US markets to close lower upto 2%. The handover from US kept Asian markets too is trading lower upto 2%. SGX Nifty is indicating a gap down of 160 points. VIX is at the level of 24 and Dollar index is at 91.69. 14850 is the crucial support level on Nifty.
Actionable: Buy Ultratech,Investment: Buy IEX.
Commodity basket released (Textile, Sugar and Paper) : Buy Trident, KPR mills, west coast paper, TNPL, Balrampur chinni, Dalmia sugar, welspun India.
Global market:
DOW: -345
SGX NIFTY: -140 (prev.close 15071)
NIFTY 50 : 15080
Sensex : 50846
Institution:
FII: -223 Cr
DII: -788 Cr
NSE:
Advances: 1559 / Declines: 1423
Currency:
Dollar: $ 72.83
Dollar Index: 91.66
Commodity:
Gold: $1689 per ounce
Crude: $66.70 per barrel
Bonds:
10 year US bond rate: 1.56
10 year Indian Bond rate: 6.21
Derivative:
PCR: 0.98
VIX: 24.15
Updates:
Wipro: Wipro acquires Capco, a based global management and technology consultancy providing digital, consulting and technology services to financial institutions, for a sum of $1.45 billion.
Max Healthcare Institute: Company launches QIP on yesterday, atfloor price of Rs.190.40 per share, which is a discount of 2.54% 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 March 9, 2021 to consider and approve the issue price.
Securities in BAN: BANKBARODA, BHEL, IBULHSGFIN, PNB, SAIL.
Derivative View : VIX closed at 24.15. Max Put OI is at 15000 then 14700. Max Call OI is at 15200 then 15300. Option data suggests a trading range between 14800 to 15300.
