2022-04-11 06:23:42
From Advisory Desk 11th April 2022
Market Outlook: US futures are trading in lower by a half percent ahead of inflation data. Asian markets including SGX Nifty have started on a weak note. On friday, indian markets has witnessed a strong rally after RBI's monetary policy announcement which has kept the interest rates unchanged. Latest AMFI data shows that inflows through SIP route has reached at an all-time high of Rs.12,327 cr which will continue to support the markets from lower side going forward. Ahead of truncated week and earnings season kicks off, we expect market may remain in range however stock specific action will continue. It’s a short trading week with expiry on Wednesday.
Actionable: Buy HAL, India cements, Vedanta, Tata motors.
Global market:
DOW: +137
SGX NIFTY: -85 (prev. close 17896)
NIFTY 50 : 17784
Sensex : 59447
Institution:
FII: - 575 Cr
DII: - 17 Cr
NSE:
Advances: 2245 / Declines: 1143
Currency:
Dollar: $ 75.90
Dollar Index: 99.91
Commodity:
Gold: $1942 per ounce
Crude: $99.90 per barrel
Bonds:
10 year US bond rate: 2.74
10 year Indian Bond rate: 7.12
Derivative:
PCR: 0.79
VIX: 17.68
Today’s results announcement: TCS, Delta corp.
Updates:
Adani Group - Abu Dhabi’s International Holding Company PJSC will invest $2 billion as primary capital in three green-focused companies of Adani Group – Adani Green Energy, Adani Transmission and Adani Enterprises. The transaction is expected to be completed in a month, after all necessary approvals are obtained.
Tata Motors - Jaguar Land Rover retail sales fell sharply by 36% YoY & 1.4% QoQ but numbers seems to be encouraging. Jaguar brand Q4 sales down 37.9 percent and Land Rover down 35.6 percent compared to year-ago period. Jaguar Land Rover continued to face the risk of global semiconductor shortage. Tata Motors Wholesale volume and production volumes up by 11% % 15% respectively YoY.
JSW Steel - Company posted a 37% YoY jump in combined crude steel production of 5.98 million tonne (MT) for Q4 and a growth of 38 per cent in its combined steel production to 21.47 MT for 2020-21.
Securities in Ban: RBL BANK.
Derivative View : VIX closed at 17.68. Max Put OI is at 17500 then 17700. Immediate max Call OI is at 18000 then 18200. Option data suggests a trading range between 17500 to 18200.
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