Actionable : We continue with Bharat Forge. Buy HCL tech, CDSL

From Advisory Desk : Vikash Sahay

04th December 2020 : Market Outlook: In midst of stimulus package and Pfizer vaccine supply chain issue, US markets closed with mere gains. US Senate passed S.386 bill which eliminates countrywise cap on employment based green cards. Asian markets have started flat to negative. SGX Nifty is up by 40 points. India VIX continues to support the bulls case by further falling to the level of 19.

Actionable: We continue with Bharat Forge. Buy HCL tech, CDSL

Global market:
DOW: +85
SGX NIFTY: +40 (prev.close 13203)
NIFTY 50 : 13133
Sensex : 44632

Institution:
FII: +3637 Cr
DII: -1440 Cr

NSE:
Advances: 1961 / Declines: 968

Currency:
Dollar: $ 73.90

Commodity:
Gold: $1842 per ounce
Crude: $49.55 per barrel

Bonds:
10 year US bond rate: 0.91
10 year Indian Bond rate: 5.93

Updates:

Telecom companies: As per TRAI’s data for the month of Sep, Bharti Airtel and Reliance Jio added 3.78 & 1.5 million wireless subscribers vs 3.2 & 3.5 million subscribers in August while Vodafone idea lost 4.7 million subscribers vs 3.7 in August.

Tata power: As per media reports, Company emerged as the winner in bids for two discoms in Odisha. LoA is yet to be awarded by the OERC.

Securities in Ban: NIL

Derivative View : VIX closed at 19. Max Put OI is at 13000 then 13100. Max Call OI is at 13200 then 13300. Option data suggests a trading range between 13000 to 13300.

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