Motilal Oswal Research

2021-07-20 17:43:50 Global market update - Dow Rebounds After Biggest One-Day Decline Since October

 

·         U.S. stocks rebounded Tuesday after a dramatic selloff Monday highlighted worries that the spread of Covid-19 variants would set back the economic recovery. The Dow Jones rose 475 points, or 1.4%, after falling more than 700 points Monday in its worst session since October. The S&P 500 gained 0.9%, while the tech-heavy Nasdaq Composite added 0.3%. US 10-Year Bond fell 2bps at 1.16%

·         European stocks saw small gains following their worst day in seven months as investors considered whether the spread of Covid-19 mutations could derail a rebound in economic growth and corporate earnings. FTSE, CAC and DAX Index gained half to one percent.

·         Oil dropped towards $68 a barrel on Tuesday, extending the previous session's steep slide, pressured by concern that rising COVID-19 infections could weaken demand again just when OPEC+ is increasing supply.

·         Gold edged higher as Treasury yields continued to decline even as stock markets found their feet after falling sharply on fears over the delta variant. Gold gained half percent at $1821/ounce.

·         FIIs net sellers Rs2835cr while DIIs net buyers Rs873cr Open / Comment

2021-07-20 13:07:12 Bajaj Finance Q1 – First Cut …NII ahead of expectation…. Net profit below expectation on account of higher provision

·   Net profit Rs1000cr (up 4% YoY) – expectation Rs1373cr

·   GNPA 2.96% vs 1.4%

·   Provision Rs1750cr (up 4% YoY) – expectation Rs1500cr

·   Interest Income Rs4490cr – expectation Rs3910cr Open / Comment

2021-07-20 12:39:22 MOSt Overnight BUY ISEC CMP 758.05 SL 745 TGT 784 Open / Comment

2021-07-20 11:44:18 MOST Momentum BUY GRASIM CMP 1586.2 SL 1538 TGT 1685 Open / Comment

2021-07-20 11:39:47 Stocks Look Good For BTST :

Mindtree,
HUL,
Suven Pharma,
BDL,
India Cement Open / Comment

2021-07-20 11:10:46 MOSt Intraday Cash BUY TATACHEM CMP 766.35 SL 758.80 TGT 781.45 Open / Comment

2021-07-20 10:36:29 European Market bounces back …Dow Future surges nearly 200 points

 

After a sharp decline yesterday, European market open on a positive note. UK, Germany and France Index gained 1% each. US Dow Future is up 197 points or 0.6%. US 10-Year Bond gained 2bps at 1.20% against yesterday close at 1.18%. Open / Comment

2021-07-20 10:33:41 MOST Momentum BUY AARTIIND CMP 869 SL 840 TGT 930 Open / Comment

2021-07-20 10:28:29 Ambuja Cements Shares Up Most in Four Months; Call Options Surge

 

·         Ambuja Cements rose 4%. Trading in the company's call options was five times the average. Trading volume was quadruple the average for this time of day.

·         The shares increased to Rs402 from Rs387.

·         Trading volume was 8.92 million shares, quadruple the 20-day average of 2.2 million shares for this time of day.

·         Trading in the company's call options totaled 19,992 contracts, compared with the average of 3,775 over the past 20 days. Open / Comment

2021-07-20 10:22:40 Conviction Delivery Idea BUY ELECON CMP 142.45 SL 135 TGT 158 Open / Comment