| Indian Market | 27-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17110.15 | -167.80 | -0.97% |
| Sensex | 57276.94 | -581.21 | 1.00% |
| Banknifty | 37982.10 | 275.35 | 0.73% |
| Indian Market | 27-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29364.70 | -312.20 | -1.05% |
| Nifty Small-Cap 100 | 10888.80 | -80.25 | -0.73% |
| India VIX | 21.07 | -0.29 | -1.36% |
| US Market | 27-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 34160.78 | -7.31 | -0.02% |
| S&P 500 | 4326.50 | -23.43 | -0.54% |
| Nasdaq | 13252.80 | -189.30 | -1.41% |
| Currency / Commodity | 27-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 75.1575 |
| EUR/INR | 84.0890 |
| Dollar Index | 97.165 |
| US 10-year bond | 1.8210% |
| WTI Crude Oil | $ 87.12 |
| Brent Crude Oil | $ 88.53 |
| Gold | $ 1796.90 |
| Bitcoin | $ 36,830 |
| FII / DII Activity | 27-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 6266.75 | |
| DII | 2881.32 |
Trade Setup
- Indices opened gap-down as reaction to US FOMC outcome which guided for rate hike in March 2022 but no clear guidance was given, so now market is not ruling in probability of 50 pbs rate hike in March itself.
- Indices recovered form lows of the day on F&O expiry for January series, bounce back in 2nd half could due to rollover, profit booking on short position led to short covering and building some position ahead of Budget.
- Wall Street continue to trade in volatile session ending with minor losses as S&P500 was down 0.52% & Nasdaq was down by 1.41%.
- Indian rupee depreciated and trade above 75 against USD after long time as FII continue to sell. Indian 10-year G-SEC @ 6.7470% on expectation of RBI would move in with rate hike in upcoming meeting 8-9 Feb 2022 post Budget.
- SGX Nifty @ 17155 down 12.50 points at 8:20 AM.
Technical View
- Nifty took support around 16833 level where it all started around 27-Dec-21, rally towards 18350 took 17 days was corrected in just 6 trading days, make technical setup weak in medium term and oversold in short term.
- Nifty RSI @ 37.24 & RSI average @ 48.19. looks for a bounce with a strong support at 16833 could test 17415 and at best 17772 level.
- Banknifty has continue to outperform Nifty as Banknifty head towards 38851 as next target. Going into Budget – Banknifty is expected to more volatile compared to Nifty.
- VIX @ 21.06 continues to trade at elevated level ahead of Budget event.
Stock Updates
- TVS Motor: The company has acquired 75% stake in the Swiss E-Mobility Group through 1.15 lakh equity shares acquired at 525.58 CHF (Swiss Franc) on cash consideration. It plans to acquire the balance 25% stake in SEMG by next year.
- Centrum: The company’s step down subsidiary Unity Small Finance Bank took charge of 110 branches of PMC Bank. Unity Small Finance Bank will immediately repay 96% of PMC Bank's depositors who have deposits worth Rs 5 lakh or less. The banks’ shareholders have committed capital of over Rs 3,000 crore through cash and warrants.
- Advanced Enzyme Technologies: The company’s subsidiary SciTech Specialities Private Limited has approved investment in Vecteng SciTech, South Africa by acquiring 14% of paid up share capital of Vecteng for Rs 10.9 lakh ($14,500).
- Jubliant Foodworks: The acquisition of additional 39% stake in JGHL from Golden Harvest QSR Limited by the company is now likely to be completed by April 27, 2022.
- Earnings: Atul Ltd. Asahi India Glass Ltd. AU Small Finance Bank Blue Dart Express Ltd. Britannia Industries Ltd. CARE Ratings Ltd. Central Bank of India Century Plyboards India Ltd. Chambal Fertilisers and Chemicals Crompton Greaves Consumer
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.