NIFTY posted gains for the third straight day on earnings optimism


Updated 6:30 pm

How well the EQSIS recommendations performed today 16 October?

Market Sentiment: We concluded the market sentiment as bullish as NIFTY grinding higher in the opening hour of trade.

1. EQSIS Intra: Long NIFTYFUT above 10585 Target 10616.3 Stop below 10560 CMP 10580

This call was given in the morning as NIFTY was performing well amid positive global cues.

Result: Stop Loss

This call was initiated but struck in the volatility and triggered the stop loss.

2. EQSIS Intra: Long ICICIBANK above 320 Target 322.5 Stop below 318 CMP 319

This call was picked in the morning as this stocks was seen performing well along with surge in volume.

Result: Target

This call was initiated as expected and achieved the target.

3. EQSIS Intra: Long TVSMOTOR above 545.5 Target 549.9 Stop below 542 CMP 544

This call was given in the morning as this stock was seen performing well along with Auto sector.

Result: Target

This call was initiated around 3 p.m. and achieved the target

4. EQSIS Intra: Long SBIN above 268 Target 270.5 Stop below 266 CMP 267.5

This call was given in the mid-afternoon as this stock was seen performing well along with pharma sector.

Result: Target

This call was initiated as expected and achieved the target.


Updated 6:15 pm

Top Stocks To Watch On Wednesday 17 October 2018

SOUTHBANK surged by 15.87% and ended at Rs.14.6. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume hiked by 700 percent at last trading day. Yet majority of them are intraday in nature. The aggressive nature of buyers is evident from the opening gap.It is trading inside the trading range. The Support is seen around 12 and resistance is seen around 17.

FEDERALBNK surged by 7.72% and ended at Rs.81.65. Trading volume spiked by 576 percent at last session. However largely the volumes are intraday trades. It Indicates positive breakout. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 67.

JPASSOCIAT surged by 8.09% and ended at Rs.7.35. Trading volume spiked by 35 percent at last session. However largely the volumes are intraday in nature. The technical indicator RSI signals oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 6.

DHFL plunged by 4.55% and closed at Rs.268.8. It is one among the top traded stocks. Derivative traders were aggressive in adding short positions. Open interest surged by 8.34 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 228.

IBULHSGFIN plunged by 4.38% and ended at Rs.907.35. It is the most active stock. Derivative traders were aggressive in adding short positions. Open interest gained by 7.74 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 809.

TATACOMM plunged by 5.34% and finished at Rs. 486.5. Trading volume increased by 197 percent on 16 October 2018. Furthermore 62% of the trades gone for delivery. It is trading inside the trading range. The Support is seen around 462 and resistance is seen around 528.

JETAIRWAYS surged by 8.55% and closed at Rs.219. Trading volume increased by 56 percent on Tuesday. Yet most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 167 and resistance is seen around 262.

ADANIENT volume hiked by 36 percent. But numerous trades were settled intraday. It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 124.

TV18BRDCST volume rose by 51 percent on 16 October 2018. However most of the trades are settled intraday. It is frequently rising for 3 days. It is oscillating nearer to its resistance zone of 42.


Updated 4:00 pm

Closing Bell: The NSE NIFTY 50 Index rose 0.69% percent to settle at 10584.75 on Tuesday. Indian Equity benchmark NIFTY ended higher for the third straight day in the volatile trading session led by wide spread gains across all sectors. The investors’ sentiment remained upbeat over better than expected corporate earnings amid positive global cues.

All sector gauges compile by NSE ended higher led by NIFTY PSU BANK, NIFTY REALTY, NIFTY PVT BANK, NIFTY FIN SERVICE, NIFTY BANK and NIFTY AUTO ended as top gainers.

From the NIFTY50 basket of shares M&M, ADANIPORTS, ONGC, TECHM and SBIN ended as top gainers while IBULHSGFIN, EICHERMOT, JSWSTEEL, CIPLA and INFY are top losers.


Updated 3:57 pm

Earnings Highlights

Infosys Ltd

  • Total revenue grew to Rs 21348 crores in Q2 FY19, an increase from Rs 18450 croes on YoY basis.
  • Net profit after tax to Rs 4110 crores in Q2 FY19, an increase from Rs 3726 crores in Q2 FY18.
  • Earnings per share to Rs 9.45 crores in Q2 FY19, an increase from Rs 8.15 YoY basis.
  • Operating margin remained at 23.7% during the current quarter and revenue from the digital segment increased by 12.7 on QoQ basis.
  • Infosys declared an interim dividend of Rs 7 per share.
  • Infosys has shown marginal de-growth in its core segments and moving forward it margins should stabilise around 22-24% and as management has given 8-9% revenue growth for FY19 in constant currency terms , it looks quite achievable.


Updated 2:55 am

Hinduja Global Solutions Limited

  • Hinduja Global Solutions Limited has informed the Exchange regarding a press release dated October 16, 2018, titled “HGS ties up with Plan India for Comprehensive School Improvement Programme in Mumbai and Pune”.

Updated 1:22 am

Alembic Pharmaceuticals Limited

  • Alembic Pharmaceuticals Limited has informed the Exchange regarding a press release dated October 16, 2018, titled “Alembic Pharmaceuticals receives USFDA Tentative Approval for Alogliptin Tablets, 6.25 mg, 12.5 mg and 25 mg.”

Updated 11:33 am

Lupin Limited

  • Lupin Limited has informed the Exchange regarding a press release dated October 16, 2018, titled “Survey Data Reveals the Need for Improved Communication Between Patients and Healthcare Providers About Bacterial Vaginosis (BV), the Most Common Gynecologic Infection in the U.S.”.

Updated 10:06 am

Rupee Opens Higher

  • The Indian rupee opened marginally higher at 73.80 per dollar on Tuesday versus previous close 73.83.

Updated 9:18 am

Earnings To Watch

  • CRISIL
  • Infosys
  • Hero Motocorp
  • Federal Bank

Updated 9:10 am

Earnings Reaction To Watch

IndusInd Bank

  • Total revenue grew to Rs 6755 crores in Q2 FY19, an increase from 4205 crores on YoY basis.
  • Net profit after tax to Rs 920 crores in Q2 FY19, an increase from Rs 880 crores in Q2 FY18.
  • Earnings per share to Rs 15.32 crores in Q2 FY19, an increase from  Rs 14.7  YoY basis.
  • The Net NPA increased marginally to 4.8%  from 4.4% on YoY basis.

Trident Ltd

  • Total revenue grew to Rs 1401 crores in Q2 FY19, an increase from Rs 1155 croes on YoY basis.
  • Net profit after tax to Rs 109 crores in Q2 FY19, an increase from Rs 50.9 crores in Q2 FY18.
  • Earnings per share to Rs 2.14 crores in Q2 FY19, an increase from Rs 1 YoY basis.

Indiabulls Housing Finance Ltd

  • Total revenue grew to Rs 4255 crores in Q2 FY19, an increase from Rs 3452 croes on YoY basis.
  • Net profit after tax to Rs 1044 crores in Q2 FY19, an increase from Rs 861 crores in Q2 FY18.
  • Earnings per share to Rs 24.48 crores in Q2 FY19, an increase from Rs 20.3 YoY basis

Top News Of The Day

RiL To Control Hathaway An DEN

  • RIL may soon buy controlling stake in to two India’s largest cable TV and broadband services , Hathaway and DEN networks.

Trade Gap Shrinks

  • India’s trade deficit declined to a five month low of $ 13.98 billion in September as the exports contracted by 2.15%.

FMCG Cos Uncertain About Demand

  • FMCG companies are uncertain about the demand outlook in rural areas due to below-normal monsoon, for near future near future.

Updated 9:08 am

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