Daily Stock Market Roundup

NIFTY ended the volatile session with a negative bias. The 50-share NSE index NIFTY fell 0.49% to finish at 10360.15 on Thursday. The Indian benchmark index NIFTY extended losses for the second straight day in a volatile trading session amid widespread losses across all sectors on BANK NIFTY expiry day. Shares of the fertilizer makers registered gains after the government approved a proposal to extend urea subsidy till 2020 and implement direct benefit transfers (DBT) for disbursement of the fertilizer subsidy.

Looking overseas, European markets trading mixed following Asian markets which finished mixed on Thursday. The Global markets are on a choppy ride after disappointing U.S. retail sales data and intensified trade war fears weighted on sentiment.

All sector gauges compiled by the NSE ended lower led by NIFTY MEDIA, NIFTY PSU BANK, NIFTY FMCG, NIFTY PHARMA, NIFTY PVT BANK, NIFTY METAL and NIFTY BANK as top losers.

From the NIFTY 50 basket of shares, IOC, YESBANK, RELIANCE, GAIL, ICICIBANK, and BOSCHLTD underperformed as top losers while ASIANPAINT, M&M, COALINDIA, BAJFINANCE, and IBULHSGFIN are top gainers.

List of stock for intraday trading on Friday 16 March

JPASSOCIAT: This stock surged by 17.43% and to close at Rs.19.2 with 3.5 times the increased trading volume on Thursday. Derivative traders were aggressive in exiting short positions and the open interest reduced by 7.77%. This stock is settled above the recent resistance zone as it is continuously climbing for 3 days and the short term support around Rs.13.

ANDHRA BANK: This stock gained by 4% and finished at Rs. 42.95 on Thursday. This stock trading volume hiked by 62% times with the majority of intraday trades. This stock is currently trading inside the trading range and the support is seen around Rs.36 and resistance is seen around Rs.48.

NIITTECH: This stock surged by 6.04% and settled at Rs.988.8 on Thursday. This stock trading volume hiked by 162% times with the majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support is around Rs.770.

IDBI: This stock surged by 6.99% and settled at Rs.78.85 at last trading session. This stock trading volume hiked by 122% times with the majority of intraday trades. This stock is currently oscillating nearer to its resistance zone of Rs.87.

RELIANCE: This stock weakened by 1.86% and finished at Rs. 911.8 and listed in top traded counters on Thursday. Derivative traders were aggressive in adding short positions and the open interest surged by 5.14%. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.902.

DIVISLAB:  This stock trading volume hiked 1.2 times with numerous intraday trades at last trading session. This stock is currently settled above the recent resistance zone as it frequently rising for 5 days and the near term resistance is seen around Rs.991.

STAR: This stock increase by 2.84% and settled at Rs.711.55 on Thursday. The momentum of the bulls is visible through the unfilled gap appeared in the daily chart on the back of 106% of increased trading volume. This stock is frequently heading higher levels for 3 days and currently oscillating nearer to its resistance zone of Rs.739.

JUBLFOOD: This stock strengthened by 3.28% and ended at Rs.2147.1 on Thursday. This stock trading volume hiked by 110% times with the majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1947.

SRTRANSFIN: This stock surged by 6.14% and finished at Rs. 1460.65 on Thursday. This stock trading volume hiked by 141% times with the majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1269.

ASIANPAINT: This stock surged by 2.11% and to close at Rs.1161 on Thursday. Derivative traders were aggressive in adding long positions and the open interest surged by 10.08%. This stock is settled above the recent resistance zone and the short term support around Rs.1097.