- With Trump announcing an imminent signing of the trade deal, the enthusiasm is likely to hold markets in the positive. This is likely to be specifically positive for the metals sector, which are contingent on Chinese demand pick-up.
- Indian markets move into the last F&O expiry of the year after a trading holiday on Wednesday. We could see some unwinding pressure in the second half of the trading session in the afternoon.
- FPIs were net sellers to the tune of Rs.114 crore while DFIs sold Rs.345 crore on Tuesday. FPIs have overall infused close to Rs.100,000 crore in this calendar year into equity and debt combined; making it one of the better years for flows.
- Most global markets were shut on Wednesday on account of Christmas. Asia has opened in the red on Thursday and the SGX Nifty is almost flat in early trades. The trade deal hopes could be positive for Asian markets on Thursday.
- NTPC at Rs.114 surely looks underpriced if you consider the green expansion of capacity that the company is doing currently. One can look to buy the stock for longer term targets of Rs.150 over a one year time frame.
- With oil prices in the Brent crude market going above $66/bbl, the Indian oil extraction companies have not reflected that in the price. One can expect upsides in ONGC buy buying the stock at Rs.125 for targets of Rs.160 in one quarter.
- We have been positive on Berger Paints and continue to prefer the stock even at the current price of Rs.521 with upsides targets of Rs.590-600 in the next on quarter on the back of distinct shift to home solutions.
- The last expiry of the year could be volatile as most would prefer to go light into the next F&O session for January.
