Actionable: No recommendation for the day.

Insight Online News

From Advisory Desk : Vikash Sahay

28th January 2021 Market Outlook: Across the globe, capital markets are falling rapidly as the corporate results aren’t as per street expectations and FED highlighted US economy “RECOVERY TOO SLOW”. CBOE volatility index of US spiked up by 62%. US markets slipped more than 2%. Asian markets is down by over 1%. SGX Nifty is down by 125 points. FIIs were the sellers in cash with approx 1700 cr. Today being a monthly expiry, we expect Nifty to be in range of 13750-14100 and Bank Nifty to be in range of 29500-30700. We expect the short term volatility to continue in Indian market, however on a long term perspective, it remains positive.

Actionable: No recommendation for the day.

Global market:
DOW: -633
SGX NIFTY: -75 (prev.close 13980)
NIFTY 50 : 13967
Sensex : 47409

Institution:
FII: -1688 Cr
DII: -3 Cr

NSE:
Advances: 1016 / Declines: 1899

Currency:
Dollar: $ 72.92
Dollar Index: 90.68

Commodity:
Gold: $1835 per ounce
Crude: $55.35 per barrel

Bonds:
10 year US bond rate: 1.03
10 year Indian Bond rate: 5.95

Derivative:
PCR: 0.96
VIX: 24.39

Today’s results announcement: Maruti suzuki, Lupin, BEL, Indus towers, Pidilite, Cummins, Coforge, Interglobe, Rbl bank, SRT Finance, M&M Financials, Tata chemicals, TVS motors, United Breweries, IRCTC, KEC, KPIT technologies, KEI industries, Persistant systems, Angel broking, MOFSL, Colpal, Laurus labs, Au small finance bank, Nelco, Equitas small finance bank, Oracle financial, Route mobile.

Results update:
Above estimates: Bank of baroda, Marico, Emami
Inline estimates: HUL, PNB Housing, Quess corp
Below estimates: United spirits, India cements, Sunpharma( US subsidiary Taro pharma posted weak results)

Updates:

PVR: Company launches QIP on yesterday, at a floor price of Rs.1495.93 per share, which is a premium of 0.7% to yesterday’s closing price. The board will meet on Reb 1, 2021 to decide the issue price as well as share allotment.

Aditya Birla fashion&retail: Company buys 51% stake in Sabyasachi for Rs.398 cr which will helps the company to tap luxury segments.

Securities in Ban: SAIL.

Derivative View : VIX closed at 24.39. Max Put OI is at 13900 then 13800. Max Call OI is at 14200 then 14100. Option data suggests a trading range between 13800 to 14200.

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