Indian stocks suffer big across-the-board losses despite RBI cutting rates


How well the EQSIS recommendations performed today 06 June?

1. EQSIS Intra: Short TCS below 2163 Target 2136.1 Stop above 2184.5 CMP 2170

Status: Negative

2. EQSIS Intra: Long DABUR above 408 Target 413.9 Stop below 403.25 CMP 407

Status: Stoploss


6:28:46 PM

Top Stocks To Watch On Friday 7 June 2019

RELCAPITAL plunged by 7.49% and closed at Rs.111.85. Meantime it registered a remarkable loss on the weekly basis. It is one among the top traded stocks. Yet most of the trades are settled intraday. Derivative traders were aggressive in adding short positions. Open interest gained by 18.01 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 106.

GAIL plunged by 11.71% and to close at Rs.316.3. Trading volume spiked by 358 percent on Thursday. It gives an impression of bearish trend. Derivative traders were aggressive in adding short positions. Open interest surged by 59.47 %. The aggressive nature of bears is indicated by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 363.

POWERGRID rose by 1.3% and to close at Rs.195.45. Trading volume spiked by 116 percent. Surprisingly 61% of the trades are deliverable volume. It signals bullish breakout. The aggressive nature of sellers is acknowledged by the unfilled gap.It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 179.

RELINFRA plunged by 12.43% and finished at Rs. 84.9. Additionally it secured significant decline over a recent days. Trading volume spiked by 77 percent on Thursday. Yet numerous trades were intraday in nature. It signals negative breakout. It is steadily grinding lowere levels for 6 days. It is trading below its recent support zone. The Near term resistance is seen around 124.

L&TFH plunged by 7.18% and settled at Rs.126.6. Trading volume inflated by 53 percent at last session. Derivative traders were aggressive in adding short positions. Open interest increased by 12.5 %. The firmness of the sellers is visible through the opening gap.It is trading inside the trading range. The Support is seen around 114 and resistance is seen around 136.

BERGEPAINT climbed by 1.96% and finished at Rs. 329.7. Meanwhile it registered an exceptional margin over a recent days. Trading volume rose by 64 percent at last session. It Indicates bullish breakout. The intensity of the bears is indicated by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 294.

PFC climbed by 1.7% and closed at Rs.131.85. At the same time it recorded a remarkable margin on the weekly basis. Trading volume spiked by 105 percent at last session. It suggest for bullish trend formation. It is steadily advancing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 105.

IBULHSGFIN plunged by 7.62% and to close at Rs.735.8. Trading volume inflated by 75 percent at last session. The strength of the sellers is acknowledged by the opening gap.The technical indicator RSI signals overbought scenario.It is trading inside the trading range. The Support is seen around 662 and resistance is seen around 832.

DHFL plunged by 15.93% and ended at Rs.93.95. Trading volume increased by 114 percent. However most of the trades are intraday in nature. It Indicates bearish breakout. The strength of the sellers is evident from the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 127.

IDFCFIRSTB plunged by 6.81% and settled at Rs.42.4. Trading volume increased by 65 percent at last trading day. Derivative traders were aggressive in adding short positions. Open interest surged by 8.91 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 40.

COALINDIA advanced by 2.18% and finished at Rs. 269.15. Also it reported a remarkable percent on the weekly basis. Trading volume rose by 46 percent on 6 June 2019. This stock is currently settled above the recent resistance zone. We see short term support around 233.

AXISBANK volume spiked by 61 percent at last session. Surprisingly 61% of the trades are taken for delivery. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.37 %. It is oscillating nearer to its resistance zone of 820.


4:44:55 PM

Closing Bell: Indian stocks suffer big across-the-board losses despite RBI cutting rates

The broader NSE Nifty cracked 178 points or 1.48 per cent to settle at 11,844. Domestic benchmark index nifty50 fell sharply after the Reserve Bank of India cut repo rate by 25 basis points to 5.75 per cent on Thursday. Meanwhile, the central bank also lowered the economic growth forecast for the current fiscal to 7 percent due to slowdown in domestic activities and escalation in global trade war.

All the sectoral indices on NSE ended in the red. Nifty PSU Bank stocks took the hardest knock, followed by other banking indices. The Nifty PSU Bank index settled at 3,113, down 160 points or 4.90 per cent.

Nifty Top Gainers/Losers


2:07:05 PM

Market Update: Nifty Extend Losses After RBI Rate Cuts

The domestic share index nifty extends losses after the reserve bank of India announced its monetary policy decision. At about 2 pm, the NSE Nifty was down 148 points or 1.23 per cent at 11,873.

Among Nifty sectoral indices, only Nifty FMCG was trading in the green. The Nifty PSU Bank index was the biggest loser, down 4.42 per cent. Nifty Private Bank, Nifty Media, Nifty Realty, and Nifty PVT bank were all down over 2 per cent.


9:46:53 AM

Morning Update: Nifty trade lower ahead of RBI policy

The Nifty 50 Index were trading 42 points lower at 11,977 level. The Indian headline index nifty were trading lower on Thursday morning ahead of the outcome of the RBI Monetary Policy Committee meeting.

On NSE, except for Nifty Pharma, all other sub-indices were trading in red with Nifty PSU Bank leading the pack, down 2.17 percent.

Top laggards on the 50-scrip benchmark index at the time were GAIL, India bulls Housing Finance, Yes Bank, State Bank of India, Zeel, Ultratech Cement and Grasim, trading with losses of between 2.20 per cent and 8.61 per cent.

On the currency front, the rupee depreciated 13 paise to 69.39 against the US dollar.


9:40:29 AM

FII & DII data

The foreign institutional investors (FIIs) bought shares worth Rs 2351.08 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 355.42 crore as on Jun 4th 2019.


9:33:00 AM

Top News Of The Day

Rate Cut Of  25 bps Expected From RBI

  • With economic growth likely to slow down in the March quarter 2019, the RBI may cut repo rate by 25 basis points in the upcoming monetary policy review. 

DHFl Defaults interest Payments

  • Dewan Housing Finance (DHFL) has missed Tuesday’s interest payment deadline on a set of outstanding bonds, but the company is in talks with financiers to help meet its Rs 1,000-crore-plus obligation within the seven-day grace period and prevent this default.

9:28:37 AM

Good Morning

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By | 2019-06-06T18:33:49+05:30 June 6th, 2019|Categories: Intraday Stock Update, Morning Update|0 Comments

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Live Indian Market Intraday Updates on 06 June 2019

Indian stocks suffer big across-the-board losses despite RBI cutting rates How well the EQSIS recommendations performed today 06 June? 1. EQSIS Intra: Short TCS below 2163 Target 2136.1 Stop above 2184.5 CMP 2170 Status: Negative 2. EQSIS Intra: Long DABUR above 408 Target 413.9 Stop below 403.25 CMP 407 Status: Stoploss 6:28:46 PM Top Stocks