Actionable: We will share the recommendation during the course of day.

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.

Investment:
Technology: Infosys and HCL
Cement: Ultratech
Pharma: Divis lab
Consumer: Kajaria and Crompton

Global market:
DOW: +300
SGX NIFTY: +110 (prev.close 13842)
NIFTY 50 : 13817
Sensex : 46874

Institution:
FII: -3713 Cr
DII: +1737 Cr

NSE:
Advances: 1482 / Declines: 1392

Currency:
Dollar: $ 73.04
Dollar Index: 90.67

Commodity:
Gold: $1844 per ounce
Crude: $55.25 per barrel

Bonds:
10 year US bond rate: 1.06
10 year Indian Bond rate: 5.93

Derivative:
PCR: 0.95
VIX: 24.29

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

Results update:
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

Updates:

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.

Leave a Reply

Your email address will not be published. Required fields are marked *