NIFTY extend gains for second day in a row amid unhelpful global cues


Updated 5:55 pm

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SRTRANSFIN plunged by 11.7% and ended at Rs.1145.25. Meanwhile it recorded a considerable fall on the weekly basis. Trading volume spiked by 2051 percent at last trading day. There could be negative breakout. The strength of the sellers is evident from the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 1513.

NTPC volume increased by 27 percent on Wednesday. Moreover 82% of the trades are taken for delivery. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 1.43 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 151.

MARUTI Increase by 2.74% and settled at Rs.9220.8. Trading volume rose by 89 percent at last session. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 8753.

LUPIN strengthen by 3.44% and to close at Rs.934.2. Trading volume spiked by 114 percent on 4 July 2018. However majority of them are intraday in nature. It is likely to witness positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 779.

JINDALSTEL gained by 3.74% and settled at Rs.216.45. Trading volume rose by 46 percent at last session. However numerous trades were settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 207.

GRANULES surged by 5.52% and ended at Rs.84.05. Trading volume increased by 122 percent. Yet majority of them are settled intraday. It is trading inside the trading range. The Support is seen around 75 and resistance is seen around 90.

CIPLA weakened by 1.8% and closed at Rs.628.9. Trading volume spiked by 44 percent at last trading day. But largely the volumes are intraday in nature. This stock is currently settled above the recent resistance zone. We see short term support around 545.

BAJAJ-AUTO surged by 4.08% and closed at Rs.2979.05. Trading volume increased by 94 percent at last session. It is heading for bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest gained by 4.81 %. This stock is currently settled above the recent resistance zone. We see short term support around 2752.

Updated 4:10 pm

Closing Bell: The NSE Nifty 50 index climbed 0.65 percent and settled at 10769.90 on Wednesday. Indian equity benchmarks rose for second straight day led by gains in Auto and Banking stocks. 

Eight out of eleven sector gauges compiled by the NSE ended higher led by NIFTY AUTO, NIFTY FIN SERVICE, NIFTY BANK, NIFTY PVT BANK and NIFTY PHARMA as top gainers. On the flip side, NIFTY IT, NIFTY MEDIA and NIFTY PSU BANK are top losers.

From the NIFTY 50 basket of shares, BAJAJ-AUTO, LUPIN, MARUTI,BAJAJFINSV and HDFC outperformed as top gainers while HINDPETRO, GRASIM, CIPLA, TCS, NTPC and VEDL are top losers.

Updated 1:55 pm 

NSE Advance Decline Ratio


NSE Advance Decline Ratio

Updated 1:15 pm

Afternoon Market Update: NIFTY trading marginally higher as gains in the pharma stocks were offset by the losses in information technology stocks on Wednesday.

Global Market Check: European Markets opened lower today following Asian Markets which closed broadly lower ahead of a deadline when tariffs are due to take effect.

Updated 12:25 pm

Sector Wise Advances and Declines


SECTOR WISE ADVANCES AND DECLINES

Updated 11:35 am

Schneider Electric Infrastructure Limited – Resignation

·       Schneider Electric Infrastructure Limited has informed the Exchange regarding Resignation of Mr Anil Rustgi as Company Secretary of the company w.e.f. July 04, 2018.

Updated 11:15 am

Astron Paper & Board Mill Limited – New Order

·       Astron Paper & Board Mill Limited has informed the Exchange regarding The Company has received a export order for supply of 4000 MT Kraft paper valued at approx. Rs. 12 Crores. (Net of Taxes) which will be executed up to last week of August, 2018.

Updated 10:20 am

Sector Performance – IntradayNIFTY SECTOR PERFORMANCE

Updated 9:45 am

Opening Bell: The Indian Benchmark Index NSE NIFTY tested 107000-mark in the first few minutes of traded and continued to trade flat on Wednesday. In the morning trade NIFTY PHARMA was inching up while NIFTY METAL and NIFTY IT were losing

Updated 9:30 am

Volatility remains in Rupee

·       The Indian rupee opened higher by 6 paisa at 68.52 per dollar on Wednesday versus previous close 68.58.

·       The Indian rupee is expected to remain in the 68-72 range against the US dollar in the short term on rising external risks but the Reserve Bank may intervene to control the volatility.

Updated 9:10 am

Pre-Market Update: Indian Market likely to open in a tepid note as indicated by the Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index.

Global Market Check:  Asian market were negative on Wednesday tracking Overnight U.S. markets as investors concerns over trade have intensified this week as tarif on Chinese products are set to kick in on Friday.

Updated 9:00 am

Top News For The Day

  • Fund raising by Adani Arm

Adani arm to raise $ 750 million via dollar bonds as it plans to refinance its debt and expand its business.

  • Acquisition by Federal Bank

Federal Bank is in talk to acquire Madura Microfinance for 750 crores. The deal is expected to be partly in shares swap.

The acquisition will help Federal Bank to venture into microfinance and expand its sector. 

  • NSE and Nasdaq

NSE will be replacing its current clearing and settlement system with that of Nasdaq’s technology. The roll out is expected to be within two to three years.

  • Airtel may widen loss

Airtel India may widen loss in April-June quarter says the CEO, Gopal Vittal. Vittal also says that the revenue is under pressure and adds worst may be behind the sector.