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Investment: Buy Bharti Airtel

Investment: Buy Bharti Airtel

Investment: Buy Bharti Airtel
June 05
10:21 2020

Market Outlook: Dow Jones closed flat as the Trump administration postponed the scheduled meeting for the second stimulus. Asian markets are trading in flat to negative. SGX Nifty is up by 25 points in early trade. VIX stood at the level of 30. We expect Nifty to consolidate at the level of 10000 before taking the next run upside.

Actionable: Buy Sun Pharma & Tech Mahindra
Investment: Buy Bharti Airtel

Results Today: SBI, L&T, Exide, Alkem, Gujarat Gas

Global market:
DOW: +11
SGX NIFTY: +10 (prev.close 10024)
NIFTY 50 : 10029
Sensex : 33980

Institution:
FII: +2905 Cr
DII: -847 Cr

NSE:
Advances: 1268 / Declines: 1183

Currency:
Dollar: $ 75.57

Commodity:
Gold: $1719 per ounce
Crude: $39.83 per barrel

Bonds:
10 year US bond rate: 0.83
10 year Indian Bond rate: 5.80

Update:

Reliance Industries: Abu Dhabi-based sovereign investor Mubadala Investment Company to invest Rs 9,094 crore in Jio Platforms for 1.85% stake.

Power Grid: DoT in its revised assessment order has asked to pay Rs. 13,613.66 crore on account of License Fee for the FYs 2006-07 to 2009-10 which includes interest, penalty, and interest on the penalty.

Derivative View – VIX closed at 29.69. Max Put OI is at 9800 then 9500 while Max Call OI is at 10200 then 10500 strike. Options data indicates a wider range between 9800 to 10200 zone.

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Fayim Md

Fayim Md

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