Nifty ends slightly lower after volatile trading session
Top Stocks To Watch On Monday 18 February 2019
PAGEIND plunged by 8.42% and finished at Rs. 21971.1. Trading volume rose by 288 percent. There could be negative breakout. Derivative traders were aggressive in adding short positions. Open interest increased by 18.68 %. The momentum of the sellers is acknowledged by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 24554.
GAIL strengthen by 3.18% and settled at Rs.317.75. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Derivative traders were aggressive in exiting short positions. Open interest reduced by 5.61 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 315.
GLENMARK plunged by 6.54% and to close at Rs.569.35. Trading volume rose by 600 percent at last trading day. However numerous trades were settled intraday. It Indicates bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 664.
NTPC gained by 3.81% and closed at Rs.136.25. Trading volume hiked by 110 percent on 15 February 2019. Interestingly 59% of the trades gone for delivery. It is trading inside the trading range. The Support is seen around 129 and resistance is seen around 146.
ASHOKLEY plunged by 5.33% and closed at Rs.79.95. Trading volume inflated by 88 percent on Friday. However most of the trades are intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 79.
JETAIRWAYS Increase by 2.94% and closed at Rs.232.55. Trading volume spiked by 154 percent. Yet majority of them are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 213.
UBL plunged by 4.7% and closed at Rs.1337.75. Trading volume increased by 132 percent on 15 February 2019. There is an evidence of bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 1474.
IOC volume increased by 97 percent at last trading day. There could be bearish breakout. It is frequently grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 139.
DRREDDY volume rose by 434 percent at last session. However numerous trades were settled intraday. It Indicates negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 2842.
YESBANK volume inflated by 148 percent at last trading day. But largely the volumes are settled intraday. It is oscillating nearer to its resistance zone of 223.
SUNTV plunged by 5.54% and ended at Rs.547. It is trading inside the trading range. The Support is seen around 502 and resistance is seen around 578.
Closing Bell: Nifty ends slightly lower after volatile trading session
Indian benchmark index NSE Nifty50 was closed lower by 21 points at 10,724 on Friday. Domestic equity key index Nifty ended in the negative terrain for the seventh straight session despite witnessing a bounce back in the last hour trading session. All sectoral indices close in the red while Pharma index contributed the major loss which fell over 3 percent led by losses in Glenmark Pharmaceuticals Ltd dropped 6.47%, Lupin Ltd shed 4.47% and Dr. Reddy’s Laboratories Ltd slipped 4.17%.
Globally, Asian markets finished sharply lower as Investors were cautious ahead of a meeting between the US and China in Beijing as the world’s two largest economies would try to resolve the ongoing tariff tiff.
On a weekly basis, NSE Nifty fell 219.20 points or 2 per cent.
NIFTY50 TOP GAINERS & LOSERS
Market Update: Nifty extend losses; All sectoral indices trade in red
The benchmark index NSE Nifty 50 Index declined 102 points to 10,642 on Friday. Indian equity index Nifty fell over 100 points in the afternoon session. Most of the pharma stocks were trading in the negative zone, shares of top loser in the index, Dr. Reddy’s Laboratories Limited and Glenmark Pharmaceuticals Limited cracked over 6 per cent. On the sectoral front, automobiles, metals, Banking, FMCG, and Finance were down 2-1%, respectively.
Morning Update: Nifty Near 10,700 dragged by pharma and metal stocks
The benchmark index NSE Nifty50 were trading at 10,707 with a loss of 38 points on Friday. Domestic equity market fell for the sixth day in a row and now trading near 10,700 mark tracking weak global cues. All the sectoral indices on the NSE were trading in the red. Nifty Pharma and Media indices, which fell over 2% percent led by losses in Glenmark, Divis Lab, PEL, Network18, Suntv, and Zeel. The market breadth was tilted in favour of sellers. About 616 stocks advanced and 902 shares declined on National Stock Exchange.
Shares of ONGC jumped 5% after the company reported a 65% yoy increase in net profit to Rs8,262.70cr.
FII & DII Deets
Foreign Institutional Investors (FIIs) sold shares worth Rs 856.35 crore and Domestic Institutional Investors bought Rs 1125.24 crore worth of shares in the Indian equity market on February 14
- Total revenue grew to Rs 29918 crores in Q3 FY19, an increase from Rs 24174 crores in Q3 FY18.
- Net profit after tax grew to Rs 8262 crores in Q3 FY19, an increase from Rs 5014 crores in Q3 FY18.
- Earnings per share grew to Rs 6.44 in Q3 FY19, an increase from Rs 3.9 in Q3 FY18.
- Total revenue grew to Rs 8346 crores in Q3 FY19, an increase from Rs 7232 crores in Q3 FY18.
- Net profit after tax grew to Rs 380 crores in Q3 FY19, a decrease from Rs 484 crores in Q3 FY18.
- Earnings per share grew to Rs 1.3 in Q3 FY19, a decrease from Rs 1.6 in Q3 FY18.
Top News Of The Day
KKR To Put Money In Emami Ltd
- US private equity firm KKR is in advanced negotiations to invest as much as Rs 2,000 crore in the Emami Group through credit deal.
Government Encouraging To Buy Electric Vehicle
- The government is planning to incentivise the purchase of electric vehicles (EVs) with rebates of up to Rs 50,000, bringing them under the umbrella of priority sector lending and lowering interest rates on loans.
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