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Daily Report 7-Jan-22

As we mentioned yesterday, US Fed meeting minutes news will take 1 – 2 trading days to digest, today’s Jobs data in US will provide further clarity. Next week onwards result season will drive sentiment as IT major comes out with result on 12-Jan followed by HDFCBANK on 15-Jan.

We see Mid-Cap & Small-Cap attractive with a view on Budget from current valuation for a short-term view and stock specific approach would be advisable.

Indian Market6-Jan-22
IndicesCloseChange% chg
Nifty17745.90-179.35-1.00%
Sensex59601.84-621.31 -1.03%
Banknifty37490.25-205.65-0.55%
Indian Market6-Jan-22
Other IndicesCloseChange% chg
Nifty Mid-Cap 10030956.8539.300.13%
Nifty Small-Cap 10011450.1023.650.21%
India VIX17.980.754.35%
US Market6-Jan-22
IndicesCloseChange% chg
Dow 3036236.47-170.64-0.47%
S&P 5004696.05-4.53-0.10%
Nasdaq15080.90-19.30-0.13%
Currency / Commodity6-Jan-22
IndicesCurrent
USD/INR74.4625
EUR/INR84.2100
Dollar Index96.25
US 10-year bond1.721%
WTI Crude Oil$ 80.12
Brent Crude Oil$ 82.65
Gold$ 1789.55
Bitcoin$ 42,881
FII / DII Activity6-Jan-22Rs. (In Crores)
(Provisional)BuySell
FII1926
DII800

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Disclaimer: The market view and updates we are sharing are true to the best of our knowledge and sharing just for information purpose and any action would be purely investor’s own responsibility. Investor are advised to take necessary guidance from certified adviser and hence we will not be responsible for any profit or loss incurred due it. We do not have PMS license and we are not recommending anything to buy or sell.