NIFTY kicked off September earnings season with a good start


Updated 6:25 pm

How well the EQSIS recommendations performed today 10 October?

Market Sentiment: We concluded the market sentiment as bullish as market opened was seen grinding higher in the first hour of trade.

1. EQSIS Intra: Long COALINDIA above 275 Target 277 Stop below 273.3 CMP 274.5

This call was given in the morning as this stock was seen performing well with along with good liquidity.

Result: Stop Loss

This call was initiated and was grinding higher but missed the target and triggered the stoploss.

2. EQSIS Intra: Long ONGC above 150.8 Target 152 Stop below 149.75 CMP 150

This call was picked in the morning as this stocks was seen performing well along with surge in volume.

Result: Stop Loss

This call was initiated but unfortunately struck in the volatility and triggered the stoploss.

3. EQSIS Intra: Long MARUTI above 7001 Target 7064.8 Stop below 6950 CMP 6980

This call was given in the morning as this stock was seen performing well with along with AUTO sector.

Result: Stop Loss

This call was initiated but unfortunately struck in the volatility and triggered the stoploss.


updated 5:45 pm

Top Stocks To Watch On Thursday 11 October 2018

SRTRANSFIN surged by 12.98% and finished at Rs. 1079.95. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume hiked by 63 percent at last session. But most of the trades are intraday trades. It is trading inside the trading range. The Support is seen around 976 and resistance is seen around 1224.

UNIONBANK surged by 9.05% and ended at Rs.71.7. Trading volume hiked by 51 percent at last trading day. Yet numerous trades were settled intraday. Derivative traders were aggressive in exiting short positions. Open interest reduced by 5.64 %. It is trading inside the trading range. The Support is seen around 64 and resistance is seen around 84.

DHFL surged by 16.1% and ended at Rs.284.5. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is one among the top traded stocks. The technical indicator RSI signals oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 234.

L&TFH surged by 8.36% and settled at Rs.134.15. It is the most active stock. Derivative traders were aggressive in exiting short positions. Open interest reduced by 15.68 %. It is trading inside the trading range. The Support is seen around 118 and resistance is seen around 165.

KSCL witnessed Bullish Engulfing pattern on daily chart. KSCL volume increased by 178 percent on 10 October 2018. Yet most of the trades are intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 478.

JUSTDIAL surged by 12.48% and settled at Rs.478.75. Trading volume rose by 50 percent on Wednesday. However most of the trades are settled intraday. It is trading inside the trading range. The Support is seen around 439 and resistance is seen around 539.

HEROMOTOCO volume increased by 62 percent on Wednesday. Interestingly 76% of the trades are deliverable volume. It is steadily rising for 3 days. Currently it is trading around the lower range of its price band. The crucial support zone is around 2767.

AXISBANK is one among the top traded stocks. Derivative traders were aggressive in adding long positions. Open interest surged by 3.99 %. It is trading inside the trading range. The Support is seen around 555 and resistance is seen around 661.

DLF is listed in top traded counters. Derivative traders were aggressive in exiting short positions. Open interest reduced by 5.52 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 147.

TATAMOTORS is listed in top traded counters. Yet majority of them are intraday in nature. The technical indicator RSI signals oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 276.

NCC volume rose by 64 percent. Derivative traders were aggressive in adding long positions. Open interest gained by 8.73 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 68.

GODREJIND witnessed Bullish Piercing pattern on daily chart. GODREJIND volume inflated by 43 percent at last trading day. Currently it is trading around the lower range of its price band. The crucial support zone is around 472.


Updated 5:35 pm

Closing Bell: The NSE NIFTY 50 Index rose 1.54% percent to settle at 10460.10 on Wednesday. Indian Equity benchmark NIFTY gained over 150 points and ended higher led by gains in financial stocks after rupee recovered against the U.S. dollar. The next major trigger for the market is September quarter earnings which began today with earniongs results of Bandhan Bank and Zee Entertainments.

All sector gauges compile by NSE barring NIFTY IT ended higher led by NIFTY PSU BANK, NIFTY MEDIA, NIFTY REALTY, NIFTY FIN SERVICE and NIFTY BANK as top gainers.

From the NIFTY50 basket of shares BAJAJFINSV, BAJFINANCE, ZEEL, EICHERMOT and AXISBANK ended as top gainers while INFRATEL, INFY, TCS, HCLTECH and WIPRO are top losers.


Updated 5:30 pm

Earnings Highlights

Bandhan Bank

  • Net Interest Income (NII) for the quarter grew by 55.6% at ₹1078 crore as against ₹693 crore in the corresponding quarter of the previous year.
  • Gross NPAs as on 30 September 2018 at 1.3% against 1.3% as on 30 June 2018 and 1.4% as on 30 September, 2017.
  • Net Profit for the quarter grew by 47.4% at ₹488 crore against ₹331 crore in the corresponding quarter of the previous year.

Zee Entertainment Enterprises Ltd

  • Total revenue for the quarter was Rs. 19,759 million, growth of 24.9% YoY basis. The growth was driven by the strong performance of our domestic broadcast business and aided by other
    businesses.
  • Advertising revenue for the quarter was Rs. 12,106 million, growth of 22.7% Yo Y. Domestic
    advertising revenue grew by 23.3% Yo Y to 11,526 million. International advertising revenue for the quarter was Rs. 580 million.
  • EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) for the quarter grew by 37.6% to Rs. 6,757 million and EBITDA margin stood at 34.2%.
  • Subscription revenue for the quarter was Rs. 6,082 million, growth of 21.3% Yo Y. Domestic subscription revenue grew by 26.0% Yo Y to Rs. 5,093 million. International subscription revenue was Rs. 989 million.

Updated 3:00 pm

Bharat Dynamics Limited

  • BHARAT DYNAMICS LIMITED has informed the Exchange regarding a press release dated October 10, 2018, titled ” BDL receives supply order worth Rs.200 Crore (approx.) from DRDO”.

Updated 12:35 pm

Financial Sector on Roll


Updated 11:45 am

Lakshmi Vilas Bank Limited

  • Lakshmi Vilas Bank Limited has informed the Exchange regarding ‘New Product launch -Lakshmi Corporate Salary Accounts’.

Updated 11:07 am

Maruti Suzuki India Limited

  • Maruti Suzuki India Limited has informed the Exchange regarding a press release dated October 10, 2018, titled “Maruti Suzuki Ciaz: The best-selling premium sedan of India”.


Updated 11:04 am

Rupee Trading Higher

  • The Indian rupee is trading higher but erased some of its morning gains. It is trading higher by 15 paise at 74.24 per dollar.

Updated 9:23 am

Top News Of The Day

FPIs Gets Easier Access

  • SEBI panel to propose fast tract registration process for FPIs in various security class. This may liberalise the way FPIs invest in India.

Domestic Oil Output Down

  • Domestic oil output down 3.3% from year earlier to 14.6 million metric tonnes in the April-august period this year.

Excise Duty Cut Is Credit Negative

  • Excise duty cut on fuel is credit negative for India says the rating agency Moody’s.
  • Lowering duties will reduce government revenue and increase fiscal deficit.

Earnings To Watch

  • Zee Entertainment
  • Bandhan Bank
  • Indiabulls Ventures

Updated 9:15 am

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