2022-04-28 06:32:39
From Advisory Desk 28th April 2022
Market Outlook:┬аThe US futures were trading higher after strong earnings from Meta platforms(FB)┬аand ahead of major tech earnings. US Q1 GDP data will be announced today. Dollar index surged to five-years┬аhigh 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┬аand Banknifty's range to be 35750-36500. We advise traders to remain stock specific approach.
Actionable:┬аBuy Reliance Industries, TVS Motors, ACC.
Global market:
DOW:┬а┬а +61
SGX NIFTY:┬а┬а -15┬а (prev.close 17050)
NIFTY 50 : 17038
Sensex : 56819
Institution:
FII:┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а -┬а 4065 Cr
DII:┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а┬а + 1918┬а Cr
NSE:
Advances: 1096 / Declines: 2274
Currency:
Dollar: $ 76.53
Dollar Index: 103.14
Commodity:
Gold: $1883┬а per ounce
Crude: $104.30┬а per barrel
Bonds:
10 year US bond rate: 2.83
10 year Indian Bond rate: 7.08
Derivative:
PCR: 0.89
VIX:┬а 20.6
TodayтАЩs results announcement:┬аAxis 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: ┬аHUL, 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 MurdochтАЩs 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┬аare 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,┬аTVS and┬аRapido will leverage their synergies in the mobility market.
Securities in Ban:┬аNIL.
Derivative View :┬аVIX 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.
75 views03:32