Nifty succumbs to late sell-off, ends in red for 9th straight session on weak global stocks


How well the EQSIS recommendations performed today 13 May?

1. EQSIS Intra: Long TCS above 2167 Target 2189.5 Stop below 2149 CMP 2163

Status: Not Initiated

2. EQSIS Intra: Long GLENMARK above 616.75 Target 623 Stop below 611.75 CMP 615.6

Status: Not Initiated

3. EQSIS Intra: Short LUPIN below 815 Target 804.4 Stop above 823.5 CMP 816

Status: Target


6:06:04 PM

Top Stocks To Watch On Tuesday 14 May 2019

EICHERMOT plunged by 7.87% and ended at Rs.18751.75. Trading volume inflated by 403 percent at last trading day. There could be bearish breakout. Derivative traders were aggressive in adding short positions. Open interest increased by 16.97 %. The aggressive nature of bears is recognized by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 21417.

IDFCFIRSTB plunged by 12.61% and finished at Rs. 42.95. Trading volume increased by 256 percent on Monday. It Indicates negative breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 5.52 %. The momentum of the sellers is recognized by the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 55.

IDEA Increase by 2.85% and to close at Rs.14.45. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 108 percent at last session. Currently it is trading around the lower range of its price band. The crucial support zone is around 14.

BANKBARODA is listed in top traded counters. However majority of them are settled intraday. There could be Derivative traders were aggressive in adding short positions. Open interest surged by 4.55 %. It is trading below its recent support zone. The Near term resistance is seen around 133.

CANBK plunged by 8.32% and to close at Rs.243.4. Trading volume increased by 164 percent on 13 May 2019. However most of the trades are intraday in nature. It is heading for bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 287.

UNIONBANK plunged by 9.76% and ended at Rs.75.85. Trading volume increased by 101 percent at last session. However majority of them are intraday trades. It Indicates bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 95.

PNB volume hiked by 47 percent on 13 May 2019. It is likely to witness Derivative traders were aggressive in adding short positions. Open interest surged by 5.64 %. It is trading below its recent support zone. The Near term resistance is seen around 95.

STAR plunged by 10.1% and closed at Rs.435.5. Trading volume rose by 174 percent on Monday. Yet numerous trades were intraday in nature. It signals bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 505.

TATAGLOBAL rose by 0.68% and ended at Rs.199.85. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 47 percent. Currently it is trading around the lower range of its price band. The crucial support zone is around 198.

CUMMINSIND volume hiked by 52 percent on Monday. Moreover 62% of the trades are taken for delivery. There is an evidence of negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 754.

CADILAHC volume hiked by 87 percent at last session. It signals negative breakout. The strength of the bears is evident from the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 347.

SUNPHARMA plunged by 9.06% and closed at Rs.398.1. Trading volume rose by 428 percent on 13 May 2019. It Indicates negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 475.


5:59:57 PM

Closing Bell: Nifty succumbs to late sell-off, ends in red for 9th straight session on weak global stocks

The 50-stock Nifty nosedived 130 points and closed at 11,148 levels. The benchmark index nifty Continuing their losing spell for a ninth session in a row on Monday, dragged by pharma, auto, and PSU bank stocks amid weak global cues. All the sectoral indices with the exception of Information Technology ended in negative territory, Among the major losers Nifty Pharma and Nifty PSU Bank index. Nifty Auto, Nifty Metal and Nifty Realty also slipped nearly 2 percent each.

Nifty Top Gainers/Losers


1:49:40 PM

Market Update: Nifty trade lower dragged by PSU banks, Pharma

The Nifty 50 was at 11,242 down 36 points, or 0.25 percent. Domestic equity index nifty were trading lower in a volatile market on Monday, dragged down by banking and pharma stocks. On the sectoral front, except IT, Telecom and FMCG indices, all the other major indices are trading in red. Top falling sector is PSU Bank, down by 3 per cent, followed by Pharma, Media, Auto and Realty.


10:02:48 AM

Morning Update: Nifty flat amid weak Asian cues

The NSE Nifty50 were trading 10 points lower at 11,269 on Monday. Key equity index nifty were trading flat with a negative bias, tracking a sharp fall in Asian peers amid growing concerns regarding the trade war between the US and China.  All sectors except Nifty IT traded in the red.

Eicher Motors, India Bull Housing finance, LT, Zeel, Yes Bank and Tata Steel contributed to the loss in NSE Nifty50 index. while, IT stocks helped support the markets with Tech Mahindra, TCS, Infosys and HCL Tech trading in the green.

Market breadth was negative on the NSE with 551 shares advancing, 1034 shares declining, and 97 shares remaining unchanged.

Meanwhile, on the currency front, rupee depreciated 19 paise to 70.11 against the US dollar.


9:43:42 AM

FII & DII data

Foreign Institutional Investors (FIIs) sold shares worth Rs 549.40 crore while Domestic Institutional Investors (DIIs) bought Rs 1,057.42 crore worth of shares in the Indian equity market on 10th May. 


9:40:44 AM

Nifty Earnings To Watch

  • HDFC
  • ITC
  • Idea
  • Godrej Industries
  • Andhra Bank
  • IDBI Bank
  • Karnataka Bank
  • SRF
  • Muthoot Finance

8:55:44 AM

Earnings Reaction To Watch

Eicher Motors Ltd

  • Total revenue grew to Rs 2642 crores in Q4 FY19, an increase from Rs 2612 crores in Q4 FY18.
  • Net profit after tax to Rs 544 crores in Q4 FY19, an increase from Rs 461 crores in Q4 FY18.
  • Earnings per share to Rs 199.7 in Q4 FY19, an increase from Rs 169.3 in Q4 FY18.

SBI

  • Total revenue grew to Rs 75670 crores in Q4 FY19, an increase from Rs 68436 crores in Q4 FY18.
  • Net profit after tax to Rs 838 crores in Q4 FY19, an increase from Rs -7718 crores in Q4 FY18.
  • Earnings per share to Rs 0.94 in Q4 FY19, an increase from Rs -8.9 in Q4 FY18.

8:49:54 AM

Top News Of The Day

Rcom Lenders To Claim Higher Dues

  • Lenders to Reliance Communications (RCom) are expected to claim dues of up to Rs 90,000 crore, almost double the Rs 46,000 crore debt that the telco has on its books.

FPI Are Net Sellers In May

  • Reversing their three-month buying streak, foreign investors pulled out a net Rs 3,207 crore from the Indian capital markets in the first seven trading sessions of May amid the US-China trade tensions and uncertainty over the election results. 

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Live Indian Market Intraday Updates on 13 May 2019

Nifty succumbs to late sell-off, ends in red for 9th straight session on weak global stocks How well the EQSIS recommendations performed today 13 May? 1. EQSIS Intra: Long TCS above 2167 Target 2189.5 Stop below 2149 CMP 2163 Status: Not Initiated 2. EQSIS Intra: Long GLENMARK above 616.75 Target 623 Stop below 611.75 CMP 615.6 Status: Not Initiated 3. EQSIS Intra: Short LUPIN below 815 Target 804.4 Stop above 823.5 CMP 816 Status: Target 6:06:04 PM Top Stocks To Watch On Tuesday 14 May 2019 EICHERMOT plunged by 7.87% and ended at Rs.18751.75. Trading volume inflated by 403 percent