- Markets resume trading on Monday after a gap of 3 days and the immediate trigger will be the F&O expiry this Thursday. This is likely to keep the overall markets slightly volatile, especially banks, autos, and NBFCs.
- All eyes will be on the G-20 Summit where the US-China meet is likely to assume added significance in the light of the current trade situation prevailing in the global market. A trade resolution could be a big boost for Indian markets.
- FIIs were net buyers to the tune of Rs.446 crores while DFIs bought Rs.49 crore on Thursday. FIIs have infused nearly $1 billion into Indian equities in November but that is still paltry compared to the selling seen in October.
- While global markets have been mixed across the US and Europe, the Asian markets like Japan, Singapore, and Hong Kong are trading in positive territory on Monday early trades. SGX is also in positive territory and may hold the fort.
- While IT has been relatively weak in the last few days due to a stronger rupee, Infosys may be emerging a good bet at Rs.620. With limited downsides, one can keep a stop below Rs.600 and target upsides of Rs.700 on the stock.
- Higher risk investors can look at Dewan Housing around the Rs.235 levels as the company is rapidly restructuring its loans and putting its liquidity situation in order. Also, the P/E of just around 5X gives comfort on the stock.
- We have been recommending Motherson Sumi for quite some time, especially after the steep 50% correction in the last one year. One can buy around Rs.150 for targets of around Rs.200 in one quarter.
- Markets were under pressure last week but lower oil prices and the G-20 summit could keep the markets enthusiastic this week. Stay on the long side.
