NIFTY fell nearly 300 points and Rupee breached new low of 74 against U.S. Dollar after RBI kept key Rates unchanged


Updated 7:20 pm

How well the EQSIS recommendations performed today 5 October?

Market Sentiment: We concluded the market sentiment as bearish as market opened gap down from the previous closing and was seen grinding lower in the first hour of trade.

1. EQSIS Intra: Short HINDUNILVR below 1536 Target 1522.3 Stop above 1547 CMP 1540

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

Result: Stop Loss

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

2. EQSIS Intra: Short LT below 1255 Target 1245 Stop above 1263 CMP 1258

This call was picked in the morning as this stocks was seen under-performing well along with good liquidity.

Result: Target

This call was initiated as expected and achieved the target.

3. EQSIS Intra: Short HEROMOTOCO below 2700 Target 2681.3 Stop above 2715 CMP 2705

This call was picked in the afternoon as this stock was under-performing well along with Auto sector.

Result: Stop Loss

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


Updated 7:00 pm

Top Stocks To Watch On Monday 8 October

PCJEWELLER surged by 6.04% and to close at Rs.59.7. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 104 percent on 5 October 2018. Yet largely the volumes are intraday in nature. 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 56.

RELIANCE volume inflated by 64 percent on Friday. There is an evidence of bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 7.24 %. It is continuously breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 1275.

ONGC plunged by 14.7% and to close at Rs.147.05. Trading volume spiked by 237 percent at last session. There is an evidence of bearish trend. The firmness of the bears is visible through the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 185.

JUBLFOOD advanced by 2.34% and finished at Rs. 1152.05. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is continuously breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 1458.

OIL plunged by 10.57% and ended at Rs.186.9. Trading volume rose by 104 percent on Friday. It is heading for bearish breakout. The firmness of the sellers is acknowledged by the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 225.

INDUSINDBK rose by 1.12% and closed at Rs.1607.35. It is the most active stock. Furthermore 69% of the trades gone for delivery. The technical indicator RSI signals oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 1889.

INFRATEL climbed by 1.58% and closed at Rs.260.2. Trading volume increased by 54 percent on 5 October 2018. Interestingly 65% of the trades gone for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 253.

GAIL plunged by 9.76% and ended at Rs.332.05. Trading volume spiked by 188 percent. It Indicates bearish trend. The momentum of the sellers is recognized by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 392.

TITAN climbed by 1.98% and ended at Rs.792.1. Trading volume spiked by 76 percent at last session. 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 774.

IDBI volume increased by 151 percent on 5 October 2018. But most of the trades are settled intraday. The firmness of the bears is indicated by the opening gap.It is frequently rising for 4 days. It is oscillating nearer to its resistance zone of 61.

HINDPETRO plunged by 23.97% and settled at Rs.165.1. Trading volume rose by 713 percent on 5 October 2018. It is heading for negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 261.

CASTROLIND volume hiked by 46 percent at last trading day. It gives an impression of The momentum of the bears is evident from the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 158.


Updated 5:15 pm

Closing Bell: The NSE NIFTY 50 Index fell 2.67 percent to settle at 10316.45 on Friday. Indian Equity benchmark NIFTY fell for the third day in a row and rupee slumped to an all-time low of 74 against dollar for the first time after Reserve Bank of India’s six member Monetary Policy Committee maintained repo rate unchanged at 6.5 percent. On the weekly basis, NIFTY fell 5.62 percent as investors worried on sustained foreign fund outflows amid rupee woes.

All sector gauges compile by NSE barring NIFTY IT ended lower led by NIFTY PSU BANK, NIFTY AUTO, NIFTY METAL, NIFTY MEDIA, NIFTY REALTY, NIFTY FMCG and NIFTY FIN SERVICE indexes as top losers.

From the NIFTY50 basket of shares HINDPETRO, BPCL, IOC, ONGC and GAIL ended as top losers while INFY, TCS, INFRATEL, INDUSINDBK and DRREDDY are top gainers.


Updated 2:45 pm

Rupee Slumps To A New Low

Rupee hits an all-time low of 74 against dollar for the first time, after RBI kept rates unchanged.


Updated 2:35 pm

RBI Keeps Rates Unchanged

Reserve Bank of India’s Monetary Policy Committee maintained repo rate unchanged at 6.5 percent while it changed its stance from ‘neutral’ to ‘calibrated tightening’.


Updated 2:38 pm

Companies Affected By Depreciating Currency

1. The companies who have raised capital from foreign currency debt.

  • The weakening rupee has made life even more difficult for Indian companies whose books are already loaded with debt. Companies with foreign currency loans are seeing an increase in interest payouts on account of a weaker rupee.
  • Companies such as Essar Oil Ltd, Reliance Communications Ltd and Adani Ports & Special Economic Zone Ltd (APSEZ), the share of dollar debt for these companies are higher but some companies earn revenue in dollar terms which provides a natural hedge to the company.

2Companies who have raised money by issuing NCDs to FPI (Foreign Portfolio Investors) and having maturity in the near months.

  • Indian companies raised Rs 4,975 crore by issuing non-convertible debentures from the retail markets,recently and FPI been the most active participants.
  • Muthoot Finance raised Rs 1969 cores, Kosamattam finance raised Rs 43 cores,  M&M Finance raised Rs 1150 cores.Edelweiss Retail Finance raised  Rs 500 cores through NCDs recently , and FPI were active buyers.

Updated 2:04 pm

Mercator Limited – Mumbai Reclamation contract


Updated 11:46 am

Cadila Healthcare Limited

  • Cadila Healthcare Limited has informed the Exchange regarding a press release dated October 05, 2018, titled “Zydus receives final approval from the USFDA for Exemestane Tablets”.

Updated 10:24 am

Steel Strips Wheels Limited

  • Steel Strips Wheels Limited has informed the Exchange regarding ‘SSWL wins maiden 6 mil Euro order from OPEL Germany’.

Updated 9:34 am

Rupee Opens Lower

  • Rupee is trading higher by 9 paise on Friday versus previous close 73.58.

Updated 9:15 am

Top News Of The Day

Outperformer India now a laggard in MSCI EM basket 

  • The Indian market, which was a major outperformer until the first half of August, is now underperforming the MSCI EM in dollar returns.
  • The Nifty dollar returns on year to date stood at a negative 12.7 per cent, compared with the MSCI EM at 10.6 per cent.

Oil marketers bruised

  • After New Delhi reduced levies on motor fuels on Thursday, OMCs have to absorb Re 1 per litre of fuel sold. 
  • The average book value of OMCs dropped to 0.79 times in 2013, the lowest since 2005. The average return on equity (RoE) was 10.6 per cent in FY13, while average RoE in FY18 was 26.98 per cent. 

IL&FS faces a painful road to recovery

  • The new board at Infrastructure Leasing & Financial Services (IL&FS) appointed former Tech Mahindra executive Vineet Nayyar as vice chairman and managing director and promised to preserve its value of assets, simultaneously signalling that a revival may be painful and prolonged due to the likely legal complications. 

Updated 9:10 am 

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