| Indian Market | 28-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17101.95 | -8.20 | -0.05% |
| Sensex | 57200.23 | -76.71 | -0.13% |
| Banknifty | 37689.40 | -292.70 | -0.77% |
| Indian Market | 28-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29804.90 | 440.20 | 1.50% |
| Nifty Small-Cap 100 | 10991.90 | 103.10 | 0.95% |
| India VIX | 20.70 | -0.37 | -1.76% |
| US Market | 28-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 34725.47 | 564.69 | 1.65% |
| S&P 500 | 4431.85 | 105.35 | 2.43% |
| Nasdaq | 13770.60 | 417.80 | 3.13% |
| Currency / Commodity | 28-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 75.1050 |
| EUR/INR | 83.626 |
| 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 | 28-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 5045.34 | |
| DII | 3358.67 |
Trade Setup
- Indian market witness sharp fall in 2nd half on Friday as FII selling continues. 1st trading day of February series saw opening gains as market prepares itself for Budget session.
- Wall Street recovered in 2nd half of Friday after beaten down technology stocks witness value buying led by Apple Inc after it posted better than expected result.
- Indian market will react to some earnings which came after market closing on Friday. LT, BRITANNIA, MARICO, AUBANK, BEL & OBEROIRLTY. SGX Nifty indicates opening 150 – 200 points gap-up around 17250 – 17300 level.
- FII selling in last week was over 22k crores, so now US FOMC decision is out – we will be watching whether FII selling continues or not?
- SGX Nifty @ 17266.50 up 174.50 points at 8:15 AM.
Technical View
- Nifty on chart is trading near important level going into event, rally from 16833 from 27-Dec-21 to 18350 on 18-Jan-22, took 17 days and corrected to 16836 in just 6 trading day.
- Nifty currently trading in range of 16833 – 17772, retracement level @ 61.8% of recent fall comes at 17772. Break-out on either side from this range could provide clear trend and we expect only post Budget event.
- Banknifty immediate support at 37087 level and resistance at 38851. Banknifty has been outperforming Nifty in last couple weeks, Budget will set the new trend.
- VIX @ 20.70, above comfort level of 20 and some build up premium due to Budget. Nifty PCR @ 0.92 compared to 1.08 previous.
Stock Updates
- Zomato: To invest Rs 112.20 crore to acquire 19.48% stake in advertising technology company Adonmo. The company will also buy a 5% stake in software firm UrbanPiper Technology for Rs 37.38 crore. Zomato’s board has also approved setting up a fully-owned subsidiary for undertaking non-banking financial services.
- SJVN: The company has received a letter of Intent for supply of 200 MW power at the fixed quoted tariff of Rs. 3.11 per kWh for sale of solar power from Bihar Renewable Energy Development Agency.
- Bharat Electronics: The company has declared interim dividend of Rs 1.5 per share. It has also approved increase in Authorised Capital of the company from existing Rs.250 crore to Rs.750 crore.
- NCC: The company received NCLT approval for the scheme of arrangement for merger of Avathesh Property Developers and Bhuvanesh Realtors with Sirisha Projects.
- Earnings: Tata Motors, Sun Pharmaceutical Industries, IOCL, BPCL, HPCL, UPL, DLF, Ajanta Pharma, Exide Industries, Edelweiss Financial Services, Godawari Power & Ispat, KPIT Technologies, Hester Biosciences, KEC International, Shipping Corporation Of India & UCO Bank.
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.