Live: Market gives thumbs-up to exit polls


6:13:24 PM

Top Stocks To Watch On Tuesday 21 May 2019

ADANIENT surged by 27.37% and finished at Rs. 151.95. Trading volume increased by 1245 percent at last session. Yet majority of them are intraday in nature. It Indicates bullish trend formation. Derivative traders were aggressive in exiting short positions. Open interest reduced by 12.26 %. The aggressive nature of buyers is recognized by the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 115.

HDFCBANK is listed in top traded counters. Moreover 57% of the trades are deliverable volume. There is an evidence of bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest surged by 16.31 %. The momentum of the bulls is indicated by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 2252.

LT volume rose by 190 percent. Interestingly 67% of the trades are deliverable volume. There is an evidence of bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest gained by 11.13 %. The intensity of the buyers is evident from the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 1311.

NCC surged by 11.55% and finished at Rs. 105.75. Trading volume hiked by 249 percent at last session. There is an evidence of bullish trend formation. The intensity of the buyers is acknowledged by the opening gap.It is frequently heading higher levels for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 89.

IBULHSGFIN surged by 12.63% and settled at Rs.814.55. Trading volume rose by 185 percent. Yet largely the volumes are settled intraday. It gives an impression of bullish trend formation. The strength of the bulls is visible through the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 661.

KOTAKBANK is one among the top traded stocks. Impressively 62% of the trades are taken for delivery. It suggest for bullish breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 9.93 %. This stock is currently settled above the recent resistance zone. We see short term support around 1346.

SBIN is the most active stock. It suggest for positive breakout. Derivative traders were aggressive in adding long positions. Open interest increased by 14.6 %. The firmness of the buyers is evident from the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 298.

CUMMINSIND volume hiked by 445 percent on Monday. Surprisingly 57% of the trades are deliverable volume. It gives an impression of positive breakout. The intensity of the buyers is indicated by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 690.

ADANIPOWER surged by 15.01% and closed at Rs.46.75. Trading volume hiked by 375 percent at last session. Yet majority of them are settled intraday. The strength of the buyers is indicated by the unfilled gap.It is trading inside the trading range. The Support is seen around 38 and resistance is seen around 55.

BANKINDIA surged by 10.04% and closed at Rs.89.9. Derivative traders were aggressive in exiting short positions. Open interest reduced by 12.57 %. The strength of the bulls is indicated by the unfilled gap.It is trading inside the trading range. The Support is seen around 79 and resistance is seen around 97. It gives an impression of positive breakout. Derivative traders were aggressive in exiting short positions. Open interest reduced by 7.01 %. The aggressive nature of buyers is indicated by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 886.

HDFC is the most active stock. Moreover 65% of the trades gone for delivery. It is heading for positive breakout. The momentum of the bulls is indicated by the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 1915.


5:48:47 PM

Closing Bell: Market gives thumbs-up to exit polls

The broader NSE Nifty moved 421 points to settle at 11,828 level. Indian benchmark index nifty ended with strong gains on Monday, after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections. Meanwhile, the results of the seven-phase polls will come out Thursday.

All the sectors closed in the green, pressured by gains in PSU Bank at 7.78 per cent, Realty at 5.72 per cent, followed by Pvt Bank, Metal, Auto and Financial Services.

Top gainers in the Nifty pack include India Bull Housing Finance, Adani Ports, IndusInd Bank, SBI, Tata Motors, Grasim and Yes Bank rising over 7 per cent. On the other hand, Dr. Reddy’s Laboratories, Zeel, Bajaj Auto and Tech Mahindra ended in the red.


1:49:52 PM

Market Update: Nifty above 11,750 mark as exit polls predict a comfortable win for PM Modi in India

The Indian benchmark index nifty were trading around 11750 mid-Monday, soared almost +3.15% as exit polls predict a comfortable win for the Indian PM Modi (BJP/NDA). All the sectoral indices on the NSE were trading in the green. Nifty PSU Bank, which gained over 7 %, were top gainer. Nifty Banks, Metal and Auto also gained ~3%.


10:00:03 AM

Morning Update: Nifty jumps over 250 points after exit polls predict Modi win

The NSE Nifty were trading around 11,700 level by soaring 252 points to 11,662 level. The benchmark index Nifty50 were trading over 2 per cent higher on Monday, a day after exit poll results predicted the return of the BJP-led National Democratic Alliance (NDA) to power. On NSE sub-indices except IT, all the sectoral indices were trading in green led by bank, auto, energy, infra and FMCG.


Results Of Exit Polls Are Out

Modi To Sweep the polls again with the majority of 365 seats, says the exit polls.


9:39:15 AM

FII & DII data

Foreign Institutional Investors (FIIs) sold shares worth Rs 924.20 crore while Domestic Institutional Investors (DIIs) bought Rs 1809.76 crore worth of shares in the Indian equity market on 17th May.


9:38:49 AM

Earnings To Watch

  • Tata Motors
  • Bharat Petroleum Corporation
  • Hindustan Petroleum Corporation
  • Unitel Breweries

9:08:19 AM

Earnings Reaction To Watch

Bajaj Auto Ltd

  • Total revenue grew to Rs 7827 crores in Q4 FY19, an increase from Rs 7139 crores in Q4 FY18.
  • Net profit after tax to Rs 1408 crores in Q4 FY19, an increase from Rs 1137 crores in Q4 FY18.
  • Earnings per share to Rs 48.7 in Q4 FY19, an increase from Rs 40.6 in Q4 FY18.

City Union Bank

  • Total revenue grew to Rs 1131 crores in Q4 FY19, an increase from Rs 990 crores in Q4 FY18.
  • Net profit after tax to Rs 175 crores in Q4 FY19, an increase from Rs 152 crores in Q4 FY18.
  • Earnings per share to Rs 2.3 in Q4 FY19, an increase from Rs 2.2 in Q4 FY18.

9:03:12 AM

Top News Of The Day

Retail Inflation Hits 6-month High

  • Retail inflation inched up to a six-month high of 2.92 per cent in April due to a spike in food prices, including vegetables, meat, fish and eggs.
  • Inflation based on the Consumer Price Index (CPI) was at 2.86 per cent in the previous month and 4.58 per cent in April 2018.

Japan’s Orix To Buy IL&FS’s Wind Energy

  • Debt-ridden Infrastructure Leasing and Financial Services said Japan’s Orix Corporation, which owns 49 percent share each in its seven operating wind power plants, has expressed intent to buy the remaining stake in those assets.

9:03:08 AM

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