Live Indian Market Intraday Updates on 05 August 2019
live market update

Nifty Plunge On Weak Global Cues Amid Political Uncertainty Over Kashmir Issue


6:03:37 PM

Top Stocks To Watch On Tuesday 6 August 2019

NBCC plunged by 10.85% and finished at Rs. 38.2. Additionally it registered significant fall over a recent days. Trading volume inflated by 98 percent on Monday. It is heading for bearish breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 13.18 %. It is trading below its recent support zone. The Near term resistance is seen around 57.

TATAMTRDVR plunged by 5.62% and finished at Rs. 58.75. At the same time it registered an exceptional fall on the weekly basis. Trading volume increased by 78 percent at last trading day. It signals bearish trend. It is continuously grinding lowere levels for 8 days. It is trading below its recent support zone. The Near term resistance is seen around 81.

HDFC volume rose by 86 percent. Furthermore 66% of the trades are deliverable volume. Derivative traders were aggressive in adding long positions. Open interest surged by 3.69 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 2086.

JUSTDIAL climbed by 1.63% and settled at Rs.699.05. It witnessed Bullish Engulfing pattern on daily chart. The technical indicator RSI indicates oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 683.

JINDALSTEL plunged by 5.78% and closed at Rs.112.55. At the same time it registered significant fall over a recent days. It signals It is continuously breaking low for 6 days. It is trading below its recent support zone. The Near term resistance is seen around 147.

ADANIPOWER plunged by 5.13% and finished at Rs. 58.3. Trading volume increased by 48 percent. Yet largely the volumes are settled intraday. There is an evidence of It is trading below its recent support zone. The Near term resistance is seen around 67.

TCS climbed by 1.96% and finished at Rs. 2248.6. Also it recorded a remarkable percent in last five session. It is listed in top traded counters. This stock is currently settled above the recent resistance zone. We see short term support around 2067.

BEL volume spiked by 43 percent on Monday. Moreover 55% of the trades are taken for delivery. There could be It is frequently breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 108.

TORNTPOWER volume rose by 273 percent at last session. Interestingly 60% of the trades are taken for delivery. It signals bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 313.

PIDILITIND rose by 1.3% and finished at Rs. 1273. Trading volume increased by 106 percent. It Indicates bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1174.

BHARTIARTL surged by 4.12% and closed at Rs.357.7. Meanwhile it registered significant margin in last five session. Trading volume spiked by 78 percent at last session. It is oscillating nearer to its resistance zone of 364.

EQUITAS plunged by 8.7% and to close at Rs.103.85. Trading volume increased by 435 percent. It is likely to witness bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 126.


5:12:23 PM

Closing Bell: Nifty Plunge On Weak Global Cues Amid Political Uncertainty Over Kashmir Issue

The broader Nifty50 index settled at 10,862, down 135 points. The Indian benchmark index Nifty slumped over 1% on Monday amid a global sell-off after U.S. President Donald Trump’s decision to impose tariffs on more Chinese imports, unabated foreign fund outflows and political uncertainty over the Kashmir issue.

Meanwhile, Home Minister Amit Shah today revoked the Special Status allowed to Jammu and Kashmir by announcing the abrogation of Article 370 in Rajya Sabha.

Most sectors traded in the red, with banking and media stocks leading the declines. The Nifty bank index closed down 1.97% and the media index dropped 3.38% while IT held on with gains due to weakening rupee.

On the Nifty 50, the top gainers were Bharti Airtel, TCS, Tech Mahindra, Coal India and HDFC. The top losers were Yes Bank, UPL, Power Grid Corporation, Tata Motors, Gail, Grasim and Reliance.


1:32:04 PM

Market Update: Nifty recovers a bit, still down 130 points

The headline index Nifty pared some of its losses in the afternoon session following Home Minister Amit Shah’s statement on the ongoing Kashmir issue.

Ten out of 11 sectoral gauges compiled by National Stock Exchange traded lower, led by the NES Nifty Media Index’s 2.17 percent fall. On the flipside, the NSE Nifty IT Index was the top sectoral gainer, up 0.42 percent.


9:56:44 AM

Morning Update: Nifty Below 10,850 Amid Broad-Based Selloff

The NSE Nifty down 173 points at 10824 levels. The headline index Nifty were trading lower amid continued selling by foreign investors and losses in global markets. Meanwhile, Asian market hit a two-month low after a trade war between the US and China has escalated last week.

All the Nifty sectoral indices except Nifty IT were trading in the red. Nifty PSU Bank, down over 4.32 per cent, took the deepest cut, followed by Nifty Metal index which was down 3.48 per cent.

Banking stocks witnessed a heavy selloff in the morning trade session on Monday. Banking major State Bank of India share price went down near 5 per cent, YES Bank shares crashed near 7.9 per cent, RBL Bank scrip dipped 5 per cent, ICICI Bank counter went off 3.3 per cent While HDFC Bank stocks went southward 2.14 per cent.

The market breadth, indicating the overall health of the market, was weak. On the NSE, 228 shares rose and 1,354 shares fell. A total of 74 shares were unchanged.


10:09:51 AM

Rupee marginally lower against dollar

The rupee was trading at 70.54 a dollar, down 94 paise from its Friday’s close of 69.59


9:36:57 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 2888.06 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 2812.66 crore as on August 2nd, 2019.


9:33:58 AM

Earnings To Watch

  • Indian Bank
  • Jindal Steel
  • SRF

8:51:02 AM

Earnings Reaction To Watch

ITC Ltd

  • Total revenue grew to Rs 12658 crores in Q1 FY20, an increase from Rs 11882 crores in Q1 FY20.
  • Net profit after tax to Rs 3355 crores in Q1 FY20, an increase from Rs 2975 crores in Q1 FY20.
  • Earnings per share to Rs 2.7 in Q1 FY20, an increase from Rs 2.4 in Q1 FY20.

Nestle Ltd

  • Total revenue grew to Rs 3001 crores in Q1 FY20, an increase from Rs 2698 crores in Q1 FY20.
  • Net profit after tax to Rs 438 crores in Q1 FY20, an increase from Rs 395 crores in Q1 FY20.
  • Earnings per share to Rs 45 in Q1 FY20, an increase from Rs 41 in Q1 FY20.

8:47:27 AM

Top News Of The Day

RBI May Cut Repo Rate

  • The Reserve Bank of India (RBI) is likely to cut the benchmark policy rate by another quarter percentage point this week, with growth concerns mounting across various consumption areas.

FPI Are In Selling Mode

  • Continuing their selling spree, foreign investors have withdrawn a net amount of Rs 2,881 crore from the Indian capital markets in the first two sessions of August on account of domestic as well as global headwinds.

8:43:46 AM

Good Morning

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Article Info

Published Date: August 5, 2019
Author: Valarmurugan

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