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Morning Report with EZ Wealth

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• On 14th September, benchmark indices opened gap up, but couldn’t sustain the momentum from the day before and kept edging lower throughout the day but still ended in green
• FII/FPIs bought shares worth ₹1649crs and DIIs sold shares worth ₹310crs
• Maximum Call OI at 17400 followed by 17500 and maximum Put OI at 17300 followed by 17200
• Top sectors were Media and Private Banks
• SGX Nifty is trading up with a gain of 34 pts. at 17425

Highlights for 15 Sep, 2021:

• The relief package worked out by the government for the telecom sector does not address the structural issues but only focuses on providing an interim cash flow relief to stressed operators
• Online food delivery operators such as Swiggy and Zomato may have to pay good and services tax on restaurant services supplied through them
• Rakesh Jhunjhunwala and Bank of America Securities bought Rs. 225 crore worth of Zee Entertainment shares in the yesterday’s rally
• Exports surge 46% to $33.28bn in August on account of healthy growth in key segments

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Disclosure:

EZ Wealth is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Cash, F&O and CDS segments. EZ Wealth is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, EZ Wealth is a SEBI registered Portfolio Manager. EZ Wealth is a step-down subsidiary of Wealth Discovery Securities Pvt. Ltd (referred as ‘WDSPL’ hereafter).

This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from EZ Wealth.

The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. EZ Wealth does not take any responsibility thereof. Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss

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