Insight Online News
From Advisory Desk : Vikash Sahay
29th January 2021 : Market Outlook: Dow Jones ended 1% higher. However Dow future is trading down by half a percent. Asian markets are trading flat to positive. SGX Nifty is up by 100 points. Yesterday FIIs sold in cash worth Rs 3700 cr. We may see less participation in market, ahead of union budget. Economic Survey to be released today.
Actionable: We will share the recommendation during the course of day.
Technology: Infosys and HCL
Pharma: Divis lab
Consumer: Kajaria and Crompton
SGX NIFTY: +110 (prev.close 13842)
NIFTY 50 : 13817
Sensex : 46874
FII: -3713 Cr
DII: +1737 Cr
Advances: 1482 / Declines: 1392
Dollar: $ 73.04
Dollar Index: 90.67
Gold: $1844 per ounce
Crude: $55.25 per barrel
10 year US bond rate: 1.06
10 year Indian Bond rate: 5.93
Today’s results announcement: Sun pharma, Tech mahindra, Dr reddy’s, Cipla, Indusind bank, IOC, Tata motors, UPL, vedanta, Dabur, DLF, Exide industries, Atul, Bluestar, Chola finance, LT foods, JK Lakshmi cement, Just dial, Dr lal pathlabs, Lic housing finance, Manappuram finance, Shriram city union, Union bank of India, UTI AMC, Vaibhav global, Wockhardt
Above estimates: Pidilite industries, Colpal, SRT Finance, TVS motors, Laurus labs, Team lease, Lupin, United Breweries, AU small finance bank, Tata chemicals
Inline estimates: Indigo, Coforge, Granules, Quess corp
Below estimates: Maruti, M&M Finance
Telecom Sector: As per TRAI’s data for the month of Nov, Bharti Airtel and Reliance Jio added 4.37 & 1.93 million wireless subscribers vs 3.66 & 2.23 million subscribers in October while Vodafone idea lost 2.89 million subscribers vs 2.66 in October.
V- Mart Retail: Company launches QIP on Thursday, at a floor price of Rs. 2,432.8 per share, which is a premium of 0.3% to yesterday’s closing price. The board will meet on Feb 2, 2021 to decide the issue price as well as share allotment and the company may offer a discount of not more than 5% on the floor price at its discretion.
Securities in Ban: NIL.
Derivative View : VIX closed at 24.29. Max Put OI is at 13800 then 13700. Max Call OI is at 14000 then 13900. Option data suggests a trading range between 13700 to 14000.