Live Indian Market Intraday Updates on 06 August 2019
live market update

Nifty Ends Just Below 10,950 Mark Ahead of RBI Policy Outcome


How well the EQSIS recommendations performed today 06 August?

1. EQSIS Intra: Long DMART above 1505 Target 1522.5 Stop below 1491 CMP 1501

Status: Not Initiated

2. EQSIS Intra: Long ASIANPAINT above 1556 Target 1568.5 Stop below 1546 CMP 1553

Status: Target


6:39:02 PM

Top Stocks To Watch On Wednesday 7 August 2019

SRF surged by 15.59% and settled at Rs.2980.8. Trading volume spiked by 1311 percent on 6 August 2019. However numerous trades were intraday trades. It Indicates bullish breakout. The strength of the bulls is evident from the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 2584.

IBULHSGFIN surged by 7.82% and ended at Rs.514.05. . 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. However most of the trades are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 493.

AXISBANK witnessed Bullish Engulfing pattern on daily chart. AXISBANK is listed in top traded counters. Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.15 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 666.

BERGEPAINT gained by 3.75% and closed at Rs.346.8. Trading volume rose by 353 percent at last trading day. It is likely to witness bullish breakout. It is regularly heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 302.

ZEEL plunged by 5.59% and to close at Rs.312.45. Also it registered an exceptional loss in last five session. It is listed in top traded counters. But numerous trades were intraday trades. It is heading for It is trading below its recent support zone. The Near term resistance is seen around 398.

YESBANK surged by 5.24% and closed at Rs.85.35. . 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. Currently it is trading around the lower range of its price band. The crucial support zone is around 80.

LICHSGFIN dropped by 2.36% and ended at Rs.484.15. Trading volume spiked by 119 percent at last trading day. There is an evidence of negative breakout. It is steadily breaking low for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 565.

ICICIBANK witnessed Bullish Engulfing pattern on daily chart. ICICIBANK is listed in top traded counters. Surprisingly 57% of the trades are taken for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 402.

NESTLEIND volume increased by 64 percent on 6 August 2019. Surprisingly 57% of the trades are taken for delivery. It suggest for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 11318.

PETRONET weakened by 1.99% and closed at Rs.231.9. Trading volume hiked by 105 percent on Tuesday. Furthermore 65% of the trades are taken for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 230.

BHARTIARTL volume spiked by 79 percent on 6 August 2019. It is likely to witness positive breakout. It is frequently heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 327.

BATAINDIA volume spiked by 105 percent at last session. However most of the trades are intraday trades. It is heading for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1266.


4:59:09 PM

Closing Bell: Nifty Ends Just Below 10,950 Mark Ahead of RBI Policy Outcome

The broader NSE Nifty ended 0.79% higher at 10,948 levels. Benchmark index nifty finished just below 10,950 mark ahead of the Reserve Bank of India (RBI) monetary policy announcement due tomorrow. All sectoral indices, except IT and Nifty Media, were positive for the day. The Nifty Realty index gained the most, up 1.8 percent, followed by banking and financial indices.

India bulls Housing Finance was top gainer in the Nifty 50 basket of shares, the stock rose 7.4 per cent to Rs. 512. Meanwhile, heavyweights Yes Bank, Maruti, Tech Mahindra, LT, ICICI Bank, HDFC and Kotak Bank were also the top contributors on the index.

Sectoral Performance


1:42:41 PM

Market Update: Nifty extend the gain in the afternoon trade 

The domestic share index nifty continued to rally in afternoon trade. At about 1:35 pm, the NSE Nifty was up 75 points or 0.70 per cent at 10,938. On the Nifty 34 stocks advanced against 15 that declined.

India bulls Housing Finance led the gains among NSE stocks, rising 5.36%, while Yes Bank and Tech Mahindra rose up to 3.82%.

Among losers, IT heavyweight Wipro dropped 0.9%, while Zee Entertainment Enterprises was down 5.8%


9:58:28 AM

Morning Update: Nifty trading above 10,900; banking, auto, metal stocks lead gains

The broader NSE Nifty benchmark moved to 10,928, up 65 points from the previous close. Benchmark index nifty were trading higher in Tuesday’s morning session despite weakness in global markets. All the sectoral indices on the NSE were trading in the green. Nifty PSU Bank and Nifty Metal indices, which gained 1.5% each, were top gainers. Nifty Realty, Pharma and Auto also gained ~1%.

On the currency front, the Indian rupee appreciated 22 paise to 70.50 against the US dollar.

In the previous session on Monday, The headline index Nifty saw an intense volatility throughout the session due to multiple headwinds like an escalation in US-China trade war, weak corporate earnings, unabated foreign fund outflows and political uncertainty over the Kashmir issue.


9:39:09 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 2016.73 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 1871.27 crore as on August 5th, 2019.


9:36:18 AM

Nifty Earnings To Watch

  • Indiabulls Housing Finance
  • Titan
  • Pidilite Industries
  • Central Bank of India
  • REC

8:52:08 AM

Earnings Reaction To Watch

Indian Bank

  • Total revenue grew to Rs 5138 crores in Q1 FY20, an increase from Rs 4692 crores in Q1 FY20.
  • Net profit after tax to Rs 395 crores in Q1 FY20, an increase from Rs 226 crores in Q1 FY20.
  • Earnings per share to Rs 8.2 in Q1 FY20, an increase from Rs 4.6 in Q1 FY20.

SRF Ltd

  • Total revenue grew to Rs 1828 crores in Q1 FY20, an increase from Rs 1676 crores in Q1 FY20.
  • Net profit after tax to Rs 189 crores in Q1 FY20, an increase from Rs 134 crores in Q1 FY20.
  • Earnings per share to Rs 33 in Q1 FY20, an increase from Rs 23 in Q1 FY20.

8:47:55 AM

Top News Of The Day

RBI Imposes Penalty

  • The Reserve Bank of India (RBI) has imposed monetary penalty on eleven banks for non-compliance with certain provisions frauds classification and reporting by commercial banks and select financial institutions. 

Crude Oil Prices Rises

  • Oil prices fell on Monday on global growth concerns after US President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.

8:43:58 AM

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Article Info

Published Date: August 6, 2019
Author: Valarmurugan

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