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*Stock under F&O ban on NSE*
*29-Jul-21*


1IDEA

2SUNTV

*Business News Headlines* 🇮🇳

*Economic Times*

Ø Institutional buyers put in Rs 870 cr of bids for HUDCO share sale
Ø Fed says progress made toward conditions for tapering bond buys
Ø Airtel makes big pricing move in prepaid, ups entry level plan to Rs 79
Ø Government mulling long-term measures to boost health of stressed telecom sector
Ø Paytm founder to have protective rights after listing
Ø IRB Infrastructure Developers completes Rs 381.63 crore fundraising
Ø Foreign FIs halt plans to set up investment firms within IFSCs
Ø IndiGo plans flight to normalcy; savvy investors to book on profits
Ø Billionaire investor Rakesh Jhunjhunwala plans 70 planes for new airline
Ø SpiceJet borrowed Rs 127.51 crore, Go First Rs 25.65 crore under ECLGS scheme: Govt
Ø Sonata Software to acquire Encore Software to strengthen US presence

*Business Standard*

Ø Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
Ø US, China moves may have big implications for Indian equity markets
Ø NSDL provides more clarity on frozen funds of Adani group-linked FPIs
Ø JSW Cement to raise up to Rs 1,500 crore from two global equity investors
Ø Hindustan Zinc gets down to check rising coal costs, meet ESG commitment
Ø Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards
Ø Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt
Ø FDI in food processing sector falls 57% to $393 million in FY21
Ø India sees venture capital investments surge to $8 billion in Q2: KPMG
Ø ESAF Small Finance Bank files Rs 998-crore IPO papers with Sebi

*Financial Express*

Ø Large corporates setting up small subsidiaries to get public procurement tenders, will hurt MSEs: Experts
Ø KFC, Pizza Hut operator Devyani International IPO opens Aug 4; will join Burger King post listing
Ø Unemployment rate rises again to reach 7.14%
Ø NTPC offers to sell power directly to India Inc
Ø Basic customs duty removed, agri infra cess halved on lentils
Ø ICICI Prudential rating – Buy: Big beat on margins the highlight of Q1
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø HCL Technologies appoints Jill Kouri as global chief marketing officer

*Mint*

Ø Dalmia Bharat’s pan-India ambition is making investors jittery
Ø CDC Group sells 3.7% stake in Equitas Holdings worth ₹104 crore
Ø RTGS, NEFT payment systems opened up for non-banks in phases: RBI
Ø JM Financial’s Q1 FY22 net profit rises 117% to Rs203 crore
Ø RBI imposes ₹5 cr penalty on Axis Bank for contravention of certain provisions
Ø Future-RIL deal: Will decide if Emergency Arbitrator award valid, says SC
Ø Zydus Cadila submits additional d voata on its Covid vaccine to DCGI: Report
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø Customers to get deposit insurance in 90 days of bank failure

*Automobiles*
*Demand uptick, recovery on track*
*Sector: Automobile*
*View: Positive*
The automotive monthly sales are expected to continue recovery in July 2021, as the lockdown restrictions have now been lifted in most states. We expect passenger vehicles (PV) sales to recover strongly followed by tractors, two-wheelers commercial vehicles (CV), as compared to pre-COVID level volumes. The new COVID cases are on a steady decline. However, the new variants and the fear of third wave of COVID has led the government to monitor the situation closely. As per the channel checks, the dealers are witnessing increased queries and orders in the passenger vehicle (PV) and two-wheelers segments.
*Sector view*
*Retain Positive view on automobile in the medium term:* We continue to remain positive on the sector, The passenger vehicle segment, both for two-wheelers and four-wheelers, is expected to remain strong amid COVID-19, as a preference for personal transport. Rural demand is expected to recover strongly in southern and western India, given the timely arrival of the monsoon season, higher reservoir levels, and higher kharif sowing last year. Tractor sales are likely to remain healthy ahead of the summer crop.
*Key risks*
The fear arising of new variants and the third wave of COVID-19 remain a potential concern. Any significant delay in recovery from COVID-19 infection or the vaccination rollout continue to be key risks going forward.
*Preferred picks:* In the OEM space, we prefer rural-centric companies with a strong balance sheet. In the two-wheeler space, we prefer Hero MotoCorp because of positive sentiments in rural and semi-urban areas. In the PV space, we like Maruti Suzuki and expect it to maintain its dominant market share and robust export growth. In the tractor segment, we like M&M, given its leadership in the tractor segment and its continued strong performance in other segments such as LCV and UVs. In the auto-ancillary space, we like Sundram Fasteners (beneficiary of strong growth traction in CV, PV, 2Ws, and tractor and its strategy to de-risk business from cyclicality), Suprajit Engineering (on account of increased share of business with existing clients and new client additions), Ramkrishna Forgings (beneficiary of CV upcycle in India, North America, and Europe), Gabriel India (due to its leadership position and brand recall in the suspension components segment and focus on the e-mobility space), Greaves Cotton (beneficiary of e-2W adoption and focus on non-automotive segment), and Apollo Tyres (strong brand recall in India and Europe, and focus on profitable growth).

Union Cabinet paves the way for privatisation of govt-owned insurers
https://mybs.in/2Zg2f7U

－shared via Business Standard iPhone App

China's crackdown on ed tech cos could be India’s gain: Mark Matthews

https://economictimes.indiatimes.com/markets/expert-view/chinas-crackdown-on-ed-tech-cos-could-be-indias-gain-mark-matthews/articleshow/84819688.cms

Download Economic Times App to stay updated with Business News -
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GM jsk stock in news sonatasoft,jswenergy,jmfin,century tex,grinfra,anupeng,ushamartin,apcotex,Deepak nit, jubiliant ingreva,SRF,Raymond,tvsmot,sanfoi,hudco,taropharma. Negative stock nestle,equitas hold. Nifty range 15600-15880.

*Morning Action @ 7am – Thursday, July 29th 2021.*

*7 AM GLOBAL UPDATE:*

*The Federal Reserve and Chairman Jerome Powell are seen bringing in a little cheer to SGX Nifty and Asian stock markets,* as they keep benchmark interest rates steady but also indicating that accommodative policy would stick around for some time. In a release, Powell said that the U.S. labor picture would need to significantly improve before the central bank would pare back its monthly asset purchases.

However, overnight the Dow and S&P 500 ended lower despite the Fed’s upbeat view of the U.S economy. The yield on the benchmark 10-year Treasury rose Wednesday to 1.229%.

# SGX Nifty (+33, 15741)
# Dow (-127, 34930)
# Nasdaq (+102, 14763)
# Brazil Bovespa (+1673, 126286)
# Nikkei (+150, 27732)
# Hang Seng (+747, 26221)



*MARKET TRENDS:*

# Global: Neutral.
# FII: Negative (-2274.77 Cr)
# DII: Positive (+921.45 Cr)
# F&O: 15557-15857 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Negative
# Outlook: Volatile.


*All ABOUT NIFTY & BANK NIFTY:*

NIFTY (CMP 15709):

# SUPPORT: 15513/15449
# RESISTANCE: 15857/15963
# RANGE: 15577-15877
# BIAS: Buy on dips.

BANK NIFTY (CMP 34533):

# SUPPORT: 33849/32549
# RESISTANCE: 35267/36101
# RANGE: 34001-35001
# BIAS: Negative.


*THEME OF THE DAY:*

Well, the current state of markets can be defined as driving with one foot on the brake and the other pressing on the accelerator pedal. The reopening of economies and optimism about a global recovery are themes working in favor of bulls while persistent selling from the FIIs camp continues to dampen investors’ sentiments.

That brings us to our *call of the day* which says traders are likely to go through fire and water. That said, we suspect —— it will be totally worth it.

Volatility to be the hallmark as July F&O contracts expire today. Also, there are no shortages of potential catalysts like the worsening relations between the U.S. and China, the U.S GDP on deck while earnings seasons at home picking up the pace.



*Disclaimer:* Our subscribers/clients may have positions in the stocks recommended in this note. Please note that the actual subscribers may receive additional information in real time not available to the viewers of this note.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.

*Derivative Calculus @ 8am - Thursday, July 29th 2021*

# Nifty July Futures ended Wednesday’s session at a discount of -02 vs discount of -08.

# The 29th July expiry Put-Call Open Interest Ratio was at 0.74 for Nifty whereas it was 0.64 for Bank Nifty.

# The 29th July expiry Put-Call Volume Ratio was at 0.86 for the Nifty and 1.02 for Bank Nifty.

# For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike Price, followed by 16000 Strike Price for 29th July Series. Short buildup was seen at strike prices 15700-15900.

# Maximum Put Open Interest (OI) was seen at strike price 15500 followed by 15600 strike prices for 29th July series. Short covering was seen at strike prices 15800-16000.

# For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 34000 Strike Price.

# As per Wednesday’s provisional data available on the NSE, FIIs sold shares worth Rs. 2274.77 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 921.45 crores in the Indian Equity market.


# *Long Buildup:* TATASTEEL, JSWSTEEL, DIVISLABS, SRF.

# *Short Buildup:* SBIN, L&TFH, M&MFIN, RELIANCE, HDFCBANK.

# *Short Covering:* BHARTIARTL, GRANULES, BIOCON, AUROPHARMA.

# *Long Unwinding:* CANBK, DLF, GAIL, IBULHSGFIN.

# *Stocks banned in F&O segment:* IDEA, SUNTV.

# New in Ban: SUNTV.

# Out of Ban: SAIL.