Actionable: No recommendation for the day

Insight Online News

From Advisory Desk : Vikash Sahay

1st February 2021 : Market Outlook: Dow futures is trading flat. Asian markets are trading in mix with positive bias. SGX Nifty trades in green. GST collection has been the highest ever with 1.2 lacs (cr). Today Union budget is the most looked upon event, especially after the pandemic. While there is no major expectation from the budget but hoping it would provide policy support for the continuation to economy recovery. Markets may remain volatile. In short term, it can trade lower. However with a long term view, we remain bullish on Indian markets. Over the weekend, good set of quarterly numbers were declared by ICICI Bank, TaMo and Sun Pharma.

Actionable: No recommendation for the day

Global market:
DOW:  -620
SGX NIFTY:   +25  (prev.close 13720)
NIFTY 50 : 13634
Sensex : 46285

Institution:
FII:                   -5931 Cr
DII:                  +2443 Cr

NSE:
Advances: 1327 / Declines: 1587

Currency:
Dollar: $ 72.95
Dollar Index: 90.57

Commodity:
Gold: $1859  per ounce
Crude: $55.15  per barrel

Bonds:
10 year US bond rate: 1.08
10 year Indian Bond rate: 5.95

Derivative:
PCR: 0.90
VIX:  25.34

Today’s results announcement: Castrol india, Coromandal international, Finolex industries, Kansai nerolac paints, Mastek, Subex, Talbros engineering, Zydus wellness

Results update:
Above estimates: ICICI Bank, Tata motors, SAIL, Sun pharma, Tech mahindra, Dabur, Indusind bank, Cipla, Exide industries, Manappuram finance, Shriram city union finance, JK lakshmi, DLF
Inline estimates: Cholamandalam finance, LIC housing finance, Bluestar,
Below estimates: Dr reddy’s, UPL

Securities in Ban: NIL.

Derivative View : VIX closed at 25.34. Max Put OI is at 13500 then 13200. Max Call OI is at 14000 then 13800. Option data suggests a trading range between 13200 to 14000.

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