From Advisory Desk 28th April 2022 Market Outlook: The US fut | TR Capital : Stock Market updates

From Advisory Desk 28th April 2022

Market Outlook: The US futures were trading higher after strong earnings from Meta platforms(FB) and ahead of major tech earnings. US Q1 GDP data will be announced today. Dollar index surged to five-years high trading above 103 level which is also a concern for emerging markets. Asian markets have started on a flat to positive note, with SGX Nifty is indicating a flat opening. Today being monthly expiry, we expect higher volatility with Nifty's range to be 16888-17222 and Banknifty's range to be 35750-36500. We advise traders to remain stock specific approach.

Actionable: Buy Reliance Industries, TVS Motors, ACC.

Global market:
DOW:   +61
SGX NIFTY:   -15  (prev.close 17050)
NIFTY 50 : 17038
Sensex : 56819

Institution:
FII:                    -  4065 Cr
DII:                   + 1918  Cr

NSE:
Advances: 1096 / Declines: 2274

Currency:
Dollar: $ 76.53
Dollar Index: 103.14

Commodity:
Gold: $1883  per ounce
Crude: $104.30  per barrel

Bonds:
10 year US bond rate: 2.83
10 year Indian Bond rate: 7.08

Derivative:
PCR: 0.89
VIX:  20.6

Today’s results announcement: Axis Bank, Bajaj Finserv, Ambuja Cements, SBI Life Insurance Company, Vedanta, Agro Tech Foods, Biocon, Coromandel International, Embassy Office Parks REIT, Fineotex Chemical, IIFL Finance, IndiaMART InterMESH, Laurus Labs, Motilal Oswal Financial Services, Mphasis, Procter & Gamble Hygiene & Health Care, PNB Housing Finance, Shoppers Stop, Shriram Transport Finance, Sterlite Technologies, and Varun Beverages

Results update:

Above estimates: Persistent systems, Bajaj Auto, KPR mills, Chennai Petro

Inline estimates:  HUL, IEX

Below estimates: Indian Hotels

Updates:

Reliance Industries, TV18 and Network18: Reliance and Viacom18 announced a strategic partnership with Bodhi Tree Systems, which is a platform of James Murdoch’s Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India. In another news, Reliance Industries and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots. The 173-year-old Boots business spans across 2,200 stores in the United Kingdom, including pharmacies, health and beauty stores.


TVS Motor: Company has announced a strategic partnership with Rapido, a bike-taxi platform. The two companies signed a memorandum of understanding (MoU) on Wednesday. As part of the MoU, TVS and Rapido will leverage their synergies in the mobility market.

Securities in Ban: NIL.

Derivative View : VIX closed at 20.60. Max Put OI is at 17000 and 16800. Immediate max Call OI is at 17300 and 17200. Option data suggests a wider trading range between 16800 to 17300.