Mutual Funds News and Latest Updated

Market Outlook 27-Feb-2019

Market & Events

Global market & Events:

DOW :-33

SGX NIFTY:10865(+42).However Nifty closed at 10835

Dollar:71.07 vs 70.98

Gold:1328 per ounce

Crude:65.64 vs 64.40

US bond rate:2.62 percent 

India Bond rate:7.42 percent

VIX:17.11(+11%)

FII:+1674

DII:-720

Trump and Kin 2nd meet starts today.

Market View – Expecting Positive aided by FII buying.For the month FII net buying Rs 8256 crores.

Actionable – Buy Axis Bank,Infosys,TCS,JSPL and JSW Steel.

For Investment – Indusind Bank and Oberoi Realty.

Oberoi Realty – Dominant Player in Mumbai,with healthy rental income and strong balance sheet.

Diversified product portfolio:good mix of residential/annuity assets in pipeline.One of the better stock in Real-estate sector.Buy for Investment.

Indusind Bank – Credit cost expected to come down from FY20 onwards.

ILFS provisions (holding company)expected to be completed by 4th quarter 2019.Strong loan growth,good liability franchisee and fees income to asset ratio is highest in the banking sector.Post merger with Bharat finance,customer base will increase by 50% and NIM will improve.Quoting at  attractive valuations.Buy for investment.

Derivative View – Yesterday VIX moved up by 10.98% at 17.04 level.Max put OI is at 10400 then 10500 strike while Max Call OI is at 11000 then 10900 strikes.Option band signifies a trading range between 10700 to 10950 zone.

Source : MOSL View

 

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