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Nifty opened with a positive gap up today at 13946.60 on 29th January 2021, Index was the very bearish and volatile whole day, nifty close at very important level 13634.60 after made a day low of 13596.75, the market is waiting for union budget 2021. The next resistance for the index is 14000.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 13817.55 13946.60 13966.85 13596.75 13634.60 -1.32%
Sensex 46874.36 47423.47 47423.66 46160.46 46285.77 -1.26%
Nifty opened with positive gap up today at 13946.60 on 29th January 2021, Index was very bearish and volatile whole day, nifty close at very important level 13634.60 after made a day low of 13596.75, market is waiting for union budget 2021. Next resistance for index is 14000.
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29th January 2021
Sectorial Performance
2.89%
0.68%
0.07%
1.50%
2.59%
1.11%
0.53%
1.82%
0.49%
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50%
AUTO (9,813.15)
BANK (30,565.50)
FINANCIAL SERVICE (14,593.30)
FMCG (33,121.05)
IT (24,645.75)
MEDIA (1,650.10)
METAL (3,077.45)
PHARMA (12,170.25)
REALTY (305.65)
SECTORS CHANGE %
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29th January 2021
Top Trending News OPEC JANUARY OIL OUTPUT RISES 160,000 BPD MONTH ON MONTH TO 25.75 MLN BPD, 7TH MONTHLY GAIN IN A ROW - REUTERS
SURVEY
SOLAR INDUSTRIES INDIA: Q3 CONS NET PROFIT 780.4M RUPEES VS 620M (YOY); EST 614M || Q3 REVENUE 6.46B RUPEES VS 5.63B (YOY)
TATA MOTORS: CO EXEC SAYS WILL LOOK AT MITIGATING COMMODITY PRICE INFLATION BY INCREASING PRICES TO AN EXTENT, CUTTING COSTS
SOLAR INDUSTRIES INDIA: CO APPROVED EXPANSION PLAN OF SETTING 3 GREENFIELD PACKAGED EXPLOSIVES PLANTS
TECH MAHINDRA: Q3 CONS NET PROFIT 13.10B RUPEES VS 11.46B (YOY); EST 11.8B || Q3 REVENUE 96.47B RUPEES VS 96.55B (YOY)
INDIA CHIEF ECONOMIC ADVISER SAYS VACCINE HESITANCY IS NOT A BIG CONCERN, INOCULATION HAS BEEN GOING UP
UNION BANK OF INDIA: CO EXEC SAYS GROSS NPA WILL BE 15.28% IF TOP COURT ORDER ON RECOGNITION OF BAD LOANS WASN'T IN PLACE
SHRIRAM CITY UNION FINANCE: Q3 SL NET PROFIT 2.8B RUPEES VS 3B (YOY) || Q3 REVENUE 13.98B RUPEES VS 14.17B (YOY)
CIPLA: Q3 EBITDA 12.31B RUPEES VS 7.58B (YOY) || Q3 MARGIN 23.8% VS 17.4% (YOY)
SUNDARAM CLAYTON: Q3 CONS NET PROFIT 2.02B RUPEES VS 888.4M (YOY) || Q3 REVENUE 63.74B RUPEES VS 49.90B (YOY)
ORIENT ELECTRIC: Q3 SL NET PROFIT 519.4M RUPEES VS 191M (YOY); EST 343M || Q3 REVENUE 6.18B RUPEES VS 4.96B (YOY)
29th January 2021
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Stocks in Action
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5.42%
4.35%3.87%
2.50% 2.46%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
INDUSINDBANK HINDZINC SUNPHARMA COLPAL PNB
TOP GAINERS
11.59%
5.52% 5.12% 5.03% 4.48%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
HAVELLS DRREDDY DMART MARUTI PEL
TOP LOSERS
29th January 2021
Corporate Actions
IEX Indian Energy Exchange Limited (Interim Dividend Rs 2.50 Per Share 30th January)
GMM Pfaudler Limited (Interim Dividend Rs 1 Per Share 29th January)
Havells India Limited (Interim Dividend Rs 3 Per Share 29th January)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value
DII 28 JAN 2021 6351.07 cr 4614.15 cr 1736.92 cr FII/FPI 28 JAN 2021 8493.91 cr 12206.42 cr -3712.51 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.
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29th January 2021
Top Picks for Tomorrow
Indian Railway Finance Corporation Ltd. Sector: Finance.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH ROE ROCE 32475.25 CR. 8.8 2.83 24.29% 63.76 % 13.19% 5.93%
FUNDAMENTALS
PAT margin has surged by 6.43%.
Operating Income has grown well for the company over past 3 years: 3 years CAGR 15.22%.
The company has delivered substantial profit growth of 58.13% over past 3 years.
Stock Entry price Positional
target
IRFC
24.5
35
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29th January 2021
Castrol India Ltd. Sector: Lubricants.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 12650.88 CR 18.98 6.74 -0.71 % 19.36 % 0 CR 946 CR
FUNDAMENTALS.
Company has been maintaining healthy ROE of 67.09% over the past 3 years.
Company has been maintaining healthy ROCE of 99.44% over the past 3 years.
Company is virtually debt free.
Company has a healthy Interest coverage ratio of 964.79.
The Company has been maintaining an effective average operating margins of 24.30% in the last 5 years.
Stock Entry price Positional target
CASTRILIND 127 150
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29th 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
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29th January 2021
