F&O Market Update-Sai Proficient

FII net buy Rs 1378 crore in Index Future

FII net buy Rs 889 crore in Index Options

FII net buy Rs 87 crore in Stock Future

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Indian ADRs-Sai Proficient

Indian ADRs ended mostly higher on Tuesday.

In the IT space,

Infosys gained 0.68 percent at USD 16.21 and Wipro was down 0.55 percent at USD 5.47.

In the banking space,

ICICI Bank added 0.20 percent at USD 9.81 and HDFC Bank shed 0.30 percent at USD 100.53.

In the other sectors,

Tata Motors gained 0.46 percent at USD 32.98 and Dr Reddy’s Laboratories rose 1.05 percent at USD 36.54.

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F&O Cues-Sai Proficient

Nifty 10500 Put added 9.17 lakh shares in Open Interest on December 26

Nifty 10550 Put added 6.94 lakh shares in Open Interest

Nifty 10550 Call added 4.4 lakh shares in Open Interest

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Asian Markets Update-Sai Proficient

Oil prices were supported around a 2-1/2 year top on Wednesday after an explosion of a Libyan crude pipeline sparked supply fears while Gold and copper hovered near multi-week highs, boosting commodity- and energy-linked shares around Asia.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent to the highest since late November.

Japan’s Nikkei was up 0.1 percent.

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Dilip Buildcon bags two EPC projects worth Rs518cr, up 4.3%-Sai Proficient

DBL has received an order of Rs157cr, which involves six-laning of Davanagere-Haveri Section of NH-48 (Old NH-4) in Karnataka for a length of 6.85 km for package 18. Another project of Rs 361 cr is for the same highway (package 2). Both the contracts are expected to be completed in 24 months.

DBL is engaged in engineering, procurement & construction (EPC) of infrastructure facilities viz; roads, bridges, buildings, water bodies and mining. The company’s order book consists of road, highways & bridges (~82% of order book), mining (~15%) and rest from others. Moreover, it holds healthy order book of ~Rs14200cr (2.7x book-to-bill FY17 sales), which provides revenue visibility for next few years.

We are positive on the company, as we expect revenue CAGR of 17.7% over FY17-19E. Under BOT, it plans to monetize few assets to de-leverage balance sheet and meet equity requirements. Thereby, we expect PAT to grow at 19.4% CAGR over FY17-19E..

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Nifty hovers around 10,450, midcap continue to outperform; M&M dips -Sai Proficient

Equity benchmarks continued to consolidate in morning, with the Nifty hovering around 10,450 levels but the broader markets continued to outperform.

The 30-share BSE Sensex was up 6.79 points at 33,784.17 and the 50-share NSE Nifty rose 9.20 points to 10,453.40.

The Nifty Midcap index gained half a percent. About three shares advanced for every share falling on the BSE.

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F&O cues-Sai Proficient

Nifty 10500 Put added 11.5 lakh shares in Open Interest (OI) on December 20

Nifty 10400 Put added 5.01 lakh shares in OI

Nifty 10550 Call added 4.67 lakh shares in OI

Nifty 10400 Call sheds 6.5 lakh shares in OI

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