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Nifty made a new record high today, opened at 14258.40 on 8th January 2021, Index made a Day High of 14367.30 when the market is going to close nifty made a day low of 14221.65, nifty was very bullish and closed at a very important level 14347.25, Index taking the support of 14000. Nifty may be volatile for a few days. Nifty closed above 14200 and ready for new Bull Run.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 14137.35 14258.40 14367.30 14221.65 14347.25 +1.48%
Sensex 48093.32 48464.91 48854.34 48365.58 48782.51 +1.43%
Nifty made a new Record high today, opened at 14258.40 on 8th January 2021, Index made a Day High of 14367.30 when market is going to close nifty made a day low of 14221.65, nifty was very bullish and closed at very important level 14347.25, Index taking support of 14000. Nifty may be volatile for few days. Nifty closed above 14200 and ready for new Bull Run.
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8TH January 2021
Sectorial Performance
3.30%
0.40%
0.56%
0.72%
3.61%
3.26%
0.60%
1.61%
1.42%
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00%
AUTO (9,741.25)
BANK (32,084.20)
FINANCIAL SERVICE (15,511.15)
FMCG (34,276.75)
IT (26,162.40)
MEDIA (1,756.60)
METAL (3,529.20)
PHARMA (13,271.55)
REALTY (327.50)
SECTORS CHANGE %
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8th January 2021
Top Trending News
BANK OF INDIA: OUT OF RUPEES 930 CRORE PROVISIONS UNDER DIVERGENCE, THE BANK HAS ALREADY MADE PROVISION OF RUPEES 572
CRORE DURING THE CURRENT FINANCIAL YEAR
CENTURY PLYBOARDS: DSP EQUITY & BOND FUND INCREASES STAKE BY 1.5% FROM 1.4% TO 2.9%
CAN FIN HOMES: CALADIUM INVESTMENT HAVE SOLD 1.21 LAKH SHARES (0.09% OF EQUITY) ON JAN 7 VIA OPEN MARKET
AMARA RAJA BATTERIES: ICICI MUTUAL FUND RAISES 0.8% STAKE IN CO IN Q3
CADILA HEALTHCARE: ADITYA BIRLA SUN LIFE BOUGHT 1.06% STAKE IN CO IN Q3 || LIC SOLD 0.81% STAKE IN CO IN Q3
ASTRAZENECA: FRENCH VACCINES STRATEGY CHIEF FISCHER SAYS THERE ARE STILL SOME #UNCERTAINTIES OVER ASTRAZENECA COVID VACCINE
VENKYS: PRICES OF CHICKEN HAVE SLASHED BY 45% IN DELHI REGION AMID BIRD FLU FEAR
PVR: MADURAI BENCH OF MADRAS HC HAS ASKED TAMIL NADU GOVT TO CONTINUE WITH 50% OCCUPANCY IN CINEMAS TILL JANUARY 11. COURT HAS GIVEN TIME TO THE GOVT TO RECONSIDER ITS DECISION & FIGURE OUT A SOLUTION TO MITIGATE LOSSES THAT THEATER OWNERS WILL INCUR
SBI: BANK ANNOUNCES INTEREST CONCESSION UP TO 30 BPS & 100% PROCESSING FEE WAIVER ON HOME LOANS || BANK SAYS HOME LOAN INTEREST RATES START AT AS LOW AS 6.80% FOR UP TO RUPEES 30 LAKH & 6.95% FOR ABOVE RUPEES 30 LAKH
8th January 2021
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Stocks in Action
31th Decembe1st January 2021r 2020
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5.93% 5.77% 5.66% 5.39%
4.38%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
MARUTI WIPRO TECHM LTI UPL
TOP GAINERS
4.53%
1.91% 1.72% 1.63%1.35%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
ADANIGREEN NMDC HINDALCO INDIGO HINDZINC
TOP LOSERS
8th January 2021
Corporate Actions
Rites Limited (Interim Dividend Rs 5 per Share 8th January)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value
DII 07 JAN 2021 4815.72 cr 5805.22 cr -989.5 cr FII/FPI 07 JAN 2021 8481.77 cr 8099.47 cr 382.3 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
31th December 2020
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8th January 2021
Top Picks for Tomorrow
INDOCO. Sector: Pharmaceuticals & Drugs.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 2990.28 CR. 52.39 37.65 14.29 % 2.19 % 261.71 CR 37.65 CR
FUNDAMENTALS
Company’s PEG ratio is 0.05.
The company has an efficient Cash Conversion Cycle of 63.17 days.
The company has a high promoter holding of 58.69%.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 15.36.
Stock Current market price
Positional
target
INDOCO
320
380
31th December 2020
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8th January 2021
SONATSOFTW. Sector: IT Software.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 4390.4 CR 20.5 20.33 5.73 % 24.09 % 0 CR 156.18 CR
FUNDAMENTALS.
The Company is trading at a PE of 8.11.
The Company is Virtually Debt Free.
The Company has been maintaining a healthy Dividend Yield of 6.47%.
The Company has a good ROE track record of 37.38%.
PEG ratio is 0.91%.
The company has effective cash conversion ratio of 133.12.
Stock Current
market price
Positional target
SONATSOFTW 425 460
31th December 2020
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8th January 2021
Disclaimer
This document has been prepared for IMPERIAL FINSOL PVT. LTD . by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Finsol Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Finsol Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
31th December 2020
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8th January 2021
