Live Indian Market Intraday Updates on 18 June 2019

Nifty logs modest gains in volatile trade, all eyes on Fed meet

How well the EQSIS recommendations performed today 18 June?

1. EQSIS Intra: Long ICICIBANK above 421 Target 424.8 Stop below 418 CMP 420

Status: Target

2. EQSIS Intra: Short HAVELLS below 763 Target 752.4 Stop above 771.5 CMP 764

Status: Not Initiated

4:47:01 PM

Closing Bell: Nifty logs modest gains in volatile trade, all eyes on Fed meet

The NSE Nifty50 failed to hold the 11,700 level and closed at 11,691 levels, up 19 points. The benchmark index nifty end with minor gains as investors treaded cautiously ahead of the US Federal Reserve’s two-day interest rate meeting later in the day.

Vedanta, Coal India, Bharat Petroleum, Power Grid and ICICI Bank were the top contributing stocks on Nifty gaining as much as 2.47%. On the flipside, India bulls Housing Finance, Yes Bank, Maruti, Hindalco, Asian Paints, Sun Pharma and Britannia was top loser.

Shares of Jet Airways nosedived 40.74 per cent to end at Rs 40.50 after lenders to the airline decided to take it to bankruptcy courts.

Sectoral Watch

2:10:20 PM

Market Update: Nifty range-bound ahead of U.S. Fed meeting

Nifty was up by 34 points at 11,706 on Tuesday. Indian equity index nifty were trading range-bound at 11,700 level ahead of US Federal Reserve’s meeting, amid escalating global trade war concerns. All the Nifty sectoral indices except three were trading in the green, with Nifty Media index, up 0.95 per cent, among the highest gainers.

9:50:04 AM

Morning Update: Nifty around 11,700 mark; PSU Bank & FMCG stocks top drag

Benchmark equity index Nifty were trading tepid note in the morning session, amid some selling pressure in consumer goods and PSU bank shares. The Nifty 50 Index were trading 5 points lower at 11,677 While Nifty above its key level 11,700. Sectoral indices such as Pharma, Banking, IT supported the markets however losses in fast-moving consumer goods stocks kept the upside in check. The market breadth, indicating the overall health of the market, was weak. About 658 stocks advanced and 806 shares declined on National Stock Exchange.

Investor sentiment remained cautious ahead of the US Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while rising crude oil prices also weigh on investor sentiment.

Top gainers on the 50-scrip Nifty index at the time were Zeel, IndusInd Bank, Power Grid, Vedanta, Power Grid, Vedanta, Infosys and Cipla trading with advances of between 1.30 per cent and 2.20 per cent. while Indiabulls HF, Yes Bank and HUL among top losers on the NSE.

9:36:18 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 183.79 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 1257.86 crore as on Jun 17th 2019.

9:22:54 AM

Top News Of The Day

Essel Group To Sell Its Assets

  • The Essel Group is in talks to sell its solar energy portfolio and US-based luxury wellness destination YO1 Centre, as part of ongoing efforts at the Subhash Chandra-led conglomerate to raise money to reduce debt. 

HDFC MF To Buy NCD Of Essel Group

  • HDFC Mutual Fund has decided to buy Rs 500 crore worth of Non-Convertible Debentures (NCDs) of the Essel Group from the debt schemes despite Essel Group is going to turbulent times in repaying its money in debt market.

9:20:00 AM

Good Morning

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Article Info

Published Date: June 18, 2019
Author: Valarmurugan

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