NIFTY resumed uptrend rally amid mixed corporate earnings


updated 6:05 pm

Top Stocks to Watch on Wednesday 18 July 

UNIONBANK surged by 8.47% and to close at Rs.80.7. Trading volume increased by 118 percent on 17 July 2018. Yet majority of them are intraday trades. It is trading inside the trading range. The Support is seen around 76 and resistance is seen around 90.

RCOM surged by 8.3% and ended at Rs.13.05. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 97 percent. But majority of them are intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 12.

PNB surged by 6.57% and closed at Rs.78.7. Trading volume spiked by 127 percent at last session. But largely the volumes are settled intraday. It is trading inside the trading range. The Support is seen around 73 and resistance is seen around 86.

PCJEWELLER plunged by 6.84% and to close at Rs.83.1. Trading volume increased by 162 percent on 17 July 2018. Yet majority of them are intraday in nature. It signals negative breakout. It is regularly breaking low for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 149.

JINDALSTEL is listed in top traded counters. But largely the volumes are intraday in nature. It is continuously scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 233.

FEDERALBNK surged by 19.08% and settled at Rs.88.3. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume hiked by 1020 percent at last trading day. But largely the volumes are intraday in nature. There is an evidence of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 77.

EICHERMOT volume hiked by 80 percent at last session. Impressively 80% of the trades are taken for delivery. It gives an impression of bearish trend. It is continuously grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 29936.

DRREDDY fell by 1.37% and finished at Rs. 2065.3. It is the most active stock. However majority of them are intraday trades. It is continuously breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 2397.

BANKBARODA surged by 6.86% and closed at Rs.120.8. It is listed in top traded counters. Yet largely the volumes are intraday trades. It is oscillating nearer to its resistance zone of 127.

ARVIND surged by 6.12% and ended at Rs.412.5. Trading volume increased by 155 percent at last trading day. However most of the trades are intraday trades. It is oscillating nearer to its resistance zone of 417.

AJANTPHARM witnessed Bullish Piercing pattern on daily chart. AJANTPHARM volume hiked by 93 percent on 17 July 2018. But majority of them are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 967.

ADANIPOWER surged by 7.16% and finished at Rs. 20.95. Also it secured a remarkable returns in last five session. There is an evidence of bullish breakout. Derivative traders were aggressive in adding long positions. Open interest increased by 26.1 %. This stock is currently settled above the recent resistance zone. We see short term support around 15.

ADANIENT volume increased by 82 percent. But largely the volumes are intraday trades. It is heading for bullish trend formation. The technical indicator RSI indicates oversold scenario.It is regularly climbing for 7 days. This stock is currently settled above the recent resistance zone. We see short term support around 102.


Updated 5:10 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.65 percent to close at 11008.05 on Tuesday. Indian Equity benchmark NIFTY snapped two-day downtrend rally and ended above 11,000-mark in the volatile trading session.

Ten out of 11 sectoral gauges compiled by NSE ended higher led by NIFTY PSU BANK, NIFTY METAL, NIFTY PHARMA and NIFTY MEDIA as top gainers. on the otherside, NIFTY FMCG is the on;y loser.

From the NIFTY50 basket of shares HINDPETRO, IOC, BPCL, HINDALCO and AXISBANK ended as top gainers while HINDUNILVR, BHARTIARTL, DRREDDY, TECHM and EICHERMOT are top losers.


updated 3:30 pm

Earnings Highlights

Ashok Leyland Ltd

  • The topline grew to Rs 6300 crores in Q1,2019 from Rs 4572 crores in Q1,2018.
  • Net profit after tax grew to Rs 345 crores in Q1,2019 from Rs 107 crores in Q1,2018.
  • Earnings per share showed a significant growth to Rs 1.26 in Q1,2019 from Rs 0.38 Q1,208. 

Muthoot Capital Services 

  • The topline grew to Rs 124 crores in Q1,2019 from Rs 79 crores in Q1,2018.
  • Net profit after tax grew to Rs 20.64 crores in Q1,2019 from Rs 6.09 crores in Q1,2018.
  • Earnings per share showed a significant growth to Rs 12.55 in Q1,2019 from Rs 4.44 Q1,208. 

updated 12:01 pm

Parag Milk Foods Limited – A New Launch

  • Parag Milk Foods Limited has informed the Exchange regarding  the launch of a unique variant in cheese “Go Chocolate Cheese”.

 

updated 11:55 am

NSE SECTOR PERFORMANCE – INTRADAY

All NSE sectors barring NIFTY FMCG were trading higher led by rally in NIFTY PSU BANK, NIFTY ENERGY and NIFTY PHARMA.


updated 11:45 am

Market Update: NIFTY trading margianlly higher in a range trading session led by gains in Pharma and PSU banking stocks on Tuesday. The market breadth was tilted in favour of bulls as most shares in NIFTY50 basket is trading in green.


updated 10:41 am

Currency Market

  •  The Indian rupee on Tuesday strengthened against the US dollar as crude oil prices declined after comments from US Treasury secretary Steven Mnuchin.
  •  The rupee was trading at 68.36 a dollar, up 0.31% from its previous close of 68.5.

updated 9:10 am

Pre-Market Update: NIFTY futures trading on the Singapore Stock Exchange indicates flat start for the Indian Market on Tuesday. Indian equity Benchmark NIFTY ended below 11000-mark as sell-off triggered in the final hour of trade in the last trading session.


updated 9:00 am

Top News Of The Day

Sterlite Gaining Momentum To Reopen?

  • Sterlite on a charm offensive to reopen Thoothukudi unit. Smelter staff reach out to villagers to clear myths about the project

Approval By LIC Board

  • LIC board approves IDBI acquisition. Rs 12000 crore transaction for 51% stake – run bank likely through preferential allotment.

Whole Sale Inflation Up

  • WPI inflation up at 4.5-year high of 5.77% accelerating sharply from 4.43% in May and 0.9% in June

ICICI Postpones The AGM

  • ICICI bank postpones AGM to September 12,2018. ICICI bank which is in midst of two independent probes has postpended following a change in meeting of its subsidiaries.

updated 8:55 am

Earnings Reaction To Watch

Hindustan Unilever Ltd

  • FMCG major Hindustan Unilever on Monday reported at 19.17% YoY basis  rise in net profit at Rs 1,529 crore for the quarter ended June 30, 2018.
  • Revenue from operations of the company increased 2.88 % YoY basis to Rs 9,356 crore in Q1FY19 over Rs 9,094 crore in Q1FY18. 
  • Earnings per share of the company increased to Rs 7.06 in June quarter from Rs 5.93 in the same quarter last year. 
  • Profit After Tax increased 19% to 1529 crores on YoY basis.

Sintex Plastic Technology

  • The top line saw a degrowth in the revenue to Rs 2.62 crores in Q1,19 from 5.27 crores in Q1,18.
  • The net profit for the period also showed a significant degrowth to Rs 0.78 crores in Q1,18 from Rs 2.06 cores in Q1,18.
  • The earnings per share made a degrowth of nearly 30% to Rs 0.01 in Q1,19 from Rs 0.03 in Q1,18.

updated 8:50 am

Earnings to watch

  • Zee Entertainment
  • Ashok Leyland
  • Federal Bank
  • ICICI Lombard General Insurance
  • Muthoot Capital Services
  • Sintex Industries