| Indian Market | 4-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17805.25 | 179.55 | 1.02% |
| Sensex | 59855.93 | 672.71 | 1.14% |
| Banknifty | 36840.15 | 418.25 | 1.15% |
| Indian Market | 4-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 30870.35 | 82.35 | 0.27% |
| Nifty Small-Cap 100 | 11455.00 | 36.55 | 0.32% |
| India VIX | 16.12 | -0.33 | -2.01% |
| US Market | 4-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 36799.65 | 214.59 | 0.59% |
| S&P 500 | 4793.54 | -3.02 | -0.06% |
| Nasdaq | 15622.70 | -210.10 | -1.33% |
| Currency / Commodity | 4-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 74.5825 |
| EUR/INR | 84.1260 |
| Dollar Index | 96.25 |
| US 10-year bond | 1.647% |
| WTI Crude Oil | $ 76.81 |
| Brent Crude Oil | $ 79.81 |
| Gold | $ 1815.80 |
| Bitcoin | $ 46,316 |
| FII / DII Activity | 4-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 1273.80 | |
| DII | 532.90 |
Trade Setup
- OPEC+ nations decided to increase supply by 400,000 per day from February as per schedule, outcome of meeting is in-line with expectation. Crude Oil steady, Brent Crude near $80.
- After 3 days of rally, SGX Nifty indicate down opening of around 50 – 80 points. Indices rally around 3% in last 3 days, fear of OMICRON & COVID-19 cases may keep market rally in-check.
- Wall Street ended the day with some profit booking in technology stocks, DOW30 ended in green where as S&P500 & Nasdaq ended in red.
- Last 48 hours COVID-19 cases have seen sharp increase, state government resorts for Night & Delhi Government have imposed weekend curfew.
- SGX Nifty @ 17802.50 down 72.50 points at 8:35 AM.
Technical View
- Nifty rally from 16833 to 17944, retracement @ 38.2% comes at 17520, next important support level to watch out for.
- After 4 days of rally lead to more than 700 points rise on Nifty, correction of 250 – 400 points would be healthy.
- Banknifty important support level comes at 37005 and retracement at 38.2% of recent rally comes at 36475.
- Nifty PCR @ 1.56 and VIX @ 17.23. Any correction / dip could be healthy. As we mentioned earlier 16800 level remains key level for this uptrend. So today’s indicative correction could be healthy and could provide fresh entry opportunity.
Stock Updates
- Bharti Airtel: has dropped plan for the new corporate structure. The company will instead merge two of its units with itself to simplify its structure and consolidate its fiber assets. Under the new plan, Telesonic Networks and Nettle Infrastructure Investments will be merged into Airtel. The company will pursue plan to eventually fold its DTH business Bharti Telemedia into Airtel.
- SBI: To invest $20 million in Pine Labs. Pine Labs had raised $700 million across two rounds earlier this year. Pine Labs is looking to invest in scaling Plural, its newly launched brand of online payment products and emerge as an omnichannel partner of choice for merchants. Further the bank said that IMPS transactions up to Rs 5 lakh done using net banking and mobile banking will not attract service charge.
- AU Small Finance Bank: Total Deposits grew by 13% in Q3 to Rs 44,278 crore over the preceding quarter. CASA ratio at 39% versus 30% in the previous quarter. Fund-based disbursements rose 59% QoQ to Rs 8,152 crore. Non-fund-based disbursements grew 48% QoQ to Rs 627 crore. These are provisional numbers.
- GAIL (India): The company has acquired 26% stake held by IL&FS Energy Development Company and IL&FS Financial Services in ONGC Tripura Power Co.
- Future Group stocks: The Delhi High Court has dismissed petitions by the Future Group seeking a direction to the SIAC arbitral tribunal to first decide on its application on termination of arbitration proceedings with Amazon.
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.