NIFTY ended higher for third day in a row amid positive global cues 


updated 6:35 pm

Top Stocks To Watch On Wednesday 11 July

YESBANK volume spiked by 114 percent. It Indicates bullish breakout. It is frequently heading higher levels for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 328.

IDBI surged by 9.32% and ended at Rs.53.35. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is trading inside the trading range. The Support is seen around 48 and resistance is seen around 63.

HEXAWARE plunged by 4.68% and settled at Rs.488.3. Trading volume hiked by 390 percent on 10 July 2018. However most of the trades are intraday trades. It signals aggressive selling. The technical indicator RSI signals overbought scenario.This stock is currently settled above the recent resistance zone. We see short term support around 429.

HAVELLS volume rose by 151 percent at last session. It is likely to witness positive breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 8.26 %. This stock is currently settled above the recent resistance zone. We see short term support around 526.

GRANULES surged by 6.61% and finished at Rs. 91.95. Meantime it maintained a considerable percent in last five session. Trading volume spiked by 181 percent on Tuesday. Yet most of the trades are intraday trades. It Indicates positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 77.

GAIL surged by 4.76% and settled at Rs.363.95. Trading volume spiked by 66 percent on Tuesday. There could be bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 324.

EXIDEIND volume rose by 120 percent. It gives an impression of bullish breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 13.59 %. It is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 246.

EICHERMOT volume increased by 97 percent on Tuesday. Interestingly 74% of the trades are taken for delivery. Derivative traders were aggressive in adding long positions. Open interest gained by 3.7 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 27698.

DLF gained by 3.76% and closed at Rs.194.35. The firmness of the buyers is indicated by the unfilled gap.It is trading inside the trading range. The Support is seen around 181 and resistance is seen around 207.

AMARAJABAT surged by 4.63% and ended at Rs.820.75. Trading volume inflated by 264 percent on 10 July 2018. There could be bullish breakout. It is frequently rising for 7 days. This stock is currently settled above the recent resistance zone. We see short term support around 723.

updated 5:00pm

Closing Bell: The NSE Nifty 50 index climbed 0.87 percent to settle at 10,947.25 on Tuesday. Indian equity benchmark NIFTY rose for the third consecutive day to end above 10.900 mark led by wide spread gains across all sectors on Tuesday. The start of the earnings season and cheerful global cues weighted on investors sentiment

All sector gauges barring the NIFTY PHARMA were trading higher led by the NIFTY REALTY, NIFTY METAL, NIFTY PSU BANK, NIFTY FIN SERVICE and NIFTY IT as top gainers.

From the NIFTY50 basket of share GAIL, HINDALCO, RELIANCE, COALINDIA and YESBANK outperformed as top gainers whereas HINDPETRO, IOC, IBULHSGFIN, INDUSINDBK and KOTAKBANK are top losers.

updated 1:52 pm

NSE ADVANCE DECLINE RATIONSE ADVANCE DECLINE RATIO

 

updated 1:50 pm

Afternoon Market Update: NIFTY hold gains in the afternoon trade wide spread gains across all sectors on Tuesday. All sector gauges barring the NIFTY FMCG were trading higher led by the NIFTY REALTY and NIFTY Energy.The Market breadth indicating the health of the market remained significantly positive. 

Global Market Check: European Markets opened higher today tracking Asian Markets as investors focused on upcoming corporate earnings on Tuesday.

updated 1:45 pm

Earnings Highlights

Indusind Bank

  • Indusind Bank showed the top line growth of 8.7% on YoY basis to 6369 crores.
  • Profit after tax grew at 8.6% on YoY basis to 1035 crores.
  • The net NPA remained stagnant at 0.51% and capital adequacy ratio remained at 14.7%

updated 12:10 pm

SECTOR WISE ADVANCE and DECLINE

SECTOR WISE ADVANCE and DECLINE

 

updated 11:00 am

MARKET UPDATE: The NSE Nifty 50 index advanced 0.54 percent to 10,912 in the first hour of trade. Indian equity benchmarks rose for the third day in a  row led by wide spread gains across all sectors on Tuesday.

All sector gauges barring the NIFTY FMCG were trading higher led by the NIFTY REALTY and NIFTY PSU BANK.

Global Market Check: Asian Markets trading higher tracking solid in Overnight U.S. market on Tuesday

updated 10:50 am

CIL Nova Petrochemicals Limited

CIL Nova Petrochemicals Limited has informed the Exchange regarding ‘Temporary Shut-Down Of The Company”s Moraiya Village Plant for Maintenance Work’.

updated 9:00 am

Top News for the Day

Acquisition by Aurobindo Pharma

  • Aurobindo Pharma in last lap to buy Mallinckrodt’s US generics business.
  • This acquisition is around $900 million and the deal is likely to finish by month end.

Investments by Tata Motors

  • Tata Motors to invest $1 billion dollar in passenger vehicles.
  • Investment to take place in Pune and Sanand plants in three years with focus on newer demands.

New inclusion in Nifty

  • Britannia and JSW Steel is likely to be included in Nifty soon and HPCL and Lupin are in exclusion list.

IPO – Muthoot Microfin

  • Muthoot Microfin to raise Rs 1000 crores via IPO and the company has appointed Motilal Oswal, Edelwesis and Credit Suisse as its merchant bankers.

updated 8:50 am

Earnings to watch

  • TCS Ltd
  • Indusind bank