▪️News and Impact▪️
✔Expects market to open on a positive note on account of global cues. US stocks climbed as data showing the world’s largest economy is strengthening overshadowed (jobless claims dropped below 500,000) inflation worries, with investors awaiting today’s jobs report. Banks and technology companies led turnaround that pushed the S&P 500 to a 0.8% gain. Gains in most Dow Jones (up 0.9%) companies, including Goldman Sachs, IBM and Cisco Systems, nudged the blue chip index to a new high for the second straight day.  Apple, Microsoft and Intel were among the winners, contributing to the rally in tech stocks as Nasdaq Composite advance 0.4%. SGX Nifty is up half percent and US Dow Future gained 0.1%.
✔European stocks ended mixed on Thursday, with investors digesting the Biden administration's support for waiving COVID-19 vaccine patents, as PMI readings from both the UK and the eurozone added to a rate decision by the Bank of England. The French CAC ended up 0.3%, the European STOXX 600 closed down 0.2%, the German DAX ended up 0.2% and the FTSE 100 closed up 0.5%.
✔Asian stocks opened slightly higher after U.S. indexes gained on positive economic data. Shares edged up in Japan, South Korea, Hong Kong and Australia (gained nearly half percent each). U.S. contracts were in the green after rallies in U.S. benchmarks overnight, which included a fresh record for the Dow Jones.
✔Gold and silver jumped to the highest since February as the dollar extended declines and U.S. Treasury yields slipped. Gold Price surged 2% to $1813/ounce
✔Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broad rally in commodities. Brent Crude gained marginally at $68/bbl
✔Rally in the global market and FIIs turned into positive net buyers will be boosted market sentiment. Yesterday, FIIs Net were net buyers Rs1223 while DIIs net sellers Rs633cr. Expects stock specific action in the market and traders focus on banking, Auto and Metal stocks. Hero Motocorp reported better than expected Q4 results and expects momentum on auto stocks.
✔Brokers Radar – Tata Steel - Morgan Stanley TGT raised to 1630 from 1000,  JP Morgan TGT on Tata Steel at 1425, Citi TGT on Tata Steel at 1375. Tata Consumers TGT by Credit Swiss at 635, Tata Consumers TGT by Nomura at  750, Morgan Stanley TGT on Tata Consumers at 494. Solara Active TGT by Macquarie 2112 from 1996. Hero Motocorp TGT by Jefferies at 3500. Morgan Stanley TGT on Hero Motocorp at 2424.
✔Actionable - BUY Mahindra CIE, IDFC First Bank, Hero Motocorp, Eicher Motor and IEX
✔Events – GATI board meeting for fund raising, Interglobe Aviation board meeting for fund raising for QIP. Vaibhav Global  stock split from Rs 10 to Rs 2 #NIFTY50#NIFTYBANK