Nifty end over half percent higher above 10,950 mark


6:17:26 PM

How well the EQSIS recommendations performed today 21 January?

1. EQSIS Intra: Long DABUR above 431.5 Target 434.8 Stop below 428.9 CMP 431

Status: Stoploss

2. EQSIS Intra: Long RELIANCE above 1220 Target 1231.3 Stop below 1211 CMP 1213

Status: Target


6:11:23 PM

Top Stocks To Watch On Tuesday 22 January 2018

NIITTECH gained by 3.62% and closed at Rs.1269.1. Meantime it maintained significant returns on the weekly basis. Trading volume hiked by 196 percent on 21 January 2019. Yet most of the trades are intraday in nature. There is an evidence of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1108.

SUNPHARMA climbed by 1.93% and settled at Rs.398.3. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 237 percent at last session. The technical indicator RSI indicates oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 455.

ASIANPAINT volume rose by 141 percent at last trading day. Moreover 62% of the trades gone for delivery. It suggest for bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest surged by 10.82 %. This stock is currently settled above the recent resistance zone. We see short term support around 1354.

UNIONBANK plunged by 6.7% and ended at Rs.86.3. Trading volume inflated by 125 percent. However largely the volumes are settled intraday. Derivative traders were aggressive in adding short positions. Open interest gained by 10.35 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 82.

IDEA plunged by 6.68% and ended at Rs.32.85. Trading volume rose by 197 percent at last session. It Indicates bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 9.51 %. It is trading below its recent support zone. The Near term resistance is seen around 39.

RELIANCE surged by 4.5% and finished at Rs. 1237.7. Meanwhile it recorded a remarkable gains on the weekly basis. Trading volume rose by 195 percent on Monday. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1081.

SOUTHBANK plunged by 8.68% and finished at Rs. 14.2. Trading volume spiked by 219 percent at last session. There is an evidence of bearish trend. The strength of the bears is recognized by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 17.

YESBANK slipped by 3.35% and closed at Rs.191.95. It is one among the top traded stocks. Derivative traders were aggressive in adding short positions. Open interest gained by 2.12 %. It is trading inside the trading range. The Support is seen around 178 and resistance is seen around 205.

KOTAKBANK advanced by 2.21% and closed at Rs.1267.6. Trading volume inflated by 414 percent at last session. There could be positive breakout. It is frequently advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1205.

HEROMOTOCO dipped by 3.61% and finished at Rs. 2794.25. There is an evidence of bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 3.91 %. It is trading below its recent support zone. The Near term resistance is seen around 3251.

SUNTV volume inflated by 140 percent at last session. But numerous trades were settled intraday. There is an evidence of bearish breakout. It is regularly grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 616.

INFY climbed by 1.92% and to close at Rs.745. At the same time it registered a considerable percent on the weekly basis. It is one among the top traded stocks. This stock is currently settled above the recent resistance zone. We see short term support around 645.


16:46:28

Earnings Highlights

Hindustan Zinc Ltd

  • Total revenue grew to Rs 6090 crores in Q3 FY19, a decrease from Rs 6203 crores in Q3 FY18.
  • Net profit after tax to Rs 2211 crores in Q3 FY19, a decrease from Rs 2298 crores in Q3 FY18.
  • Earnings per share to Rs 5.23 in Q3 FY19, a decrease from Rs 5.44 in Q3 FY18.

Kotak Mahindra Bank

  • Total revenue grew to Rs 11347 crores in Q3 FY19, an increase from Rs 10107 crores in Q3 FY18.
  • Net profit after tax to Rs 1844 crores in Q3 FY19, an increase from Rs 1624 crores in Q3 FY18.
  • Earnings per share to Rs 9.67 in Q3 FY19, an increase from Rs 8.53 in Q3 FY18.

5:35:39 

Closing Bell: Nifty end over half percent gain above 10,950 mark

The benchmark index NSE Nifty 50 index closed 54 points higher at 10,961. Domestic equity index Nifty rose over half a percent after the consolidation range and settled above 10,950 mark, as investors cheered on strong quarterly earnings by bluechip companies amid positive global cues. The overall sentiment were buoyed by healthy buying in index heavyweights like Reliance, Kotak Mahindra Bank, Bajaj Finance, Sun Pharma and Infosys.

Kotak Mahindra Bank and Reliance Industries rose by 2.2% & 4.5% respectively after reporting strong quarterly results.

NIFTY50 Top Gainers & Losers


1:56:58

Market Update: Nifty trying to catch-up 11,000 mark

The benchmark index Nifty were trading 60 points higher at 10,967. Domestic equity benchmark Nifty50 continues to trade on a strong note in this afternoon session and trying to catch-up 11,000 mark. Barring Realty & Auto sectors, which witnessed selling pressure fell around 1%. On the flip-side healthy buying in Pharma, IT, Banking and Finance sectors managed to higher firm. 


9:59:41 

Morning Update: Nifty above 10,950 mark; Pharma sector top boost

The benchmark index Nifty were trading 54 points higher at 10,960. Domestic equity benchmark Nifty50 rose over 50 points also trading above 10,950 marks on Monday, most of the sectoral indices on the NSE were trading in the green with Nifty Pharma sector gained over 1% in the morning session led by sun pharma, Biocon and Auropharma.


10:06:17 

FII & DII  Deets

Foreign Institutional Investors (FIIs) sold shares worth Rs 124.91 crore and Domestic Institutional Investors sold Rs 97 crore worth of shares in the Indian equity market on January 18


9:35:15

Earnings To Watch

  • Kotak Mahindra Bank
  • Hindustan Zinc
  • Union Bank of India
  • L&T Finance Holdings
  • Just Dial

9:30:25 

Earnings Reaction To Watch

Wipro Ltd

  • Total revenue grew to Rs 15686 crores in Q3 FY19, an increase from Rs 14297 crores in Q3 FY18.
  • Net profit after tax to Rs 2544 crores in Q3 FY19, an increase from Rs 1930 crores in Q3 FY18.
  • Earnings per share to Rs 5.57 in Q3 FY19, an increase from Rs 4.02 in Q3 FY18.

NIIT Tech Ltd

  • Total revenue grew to Rs 973 crores in Q3 FY19, an increase from Rs 763 crores in Q3 FY18.
  • Net profit after tax to Rs 105 crores in Q3 FY19, an increase from Rs 82.6 crores in Q3 FY18.
  • Earnings per share to Rs 16.27 in Q3 FY19, an increase from Rs 12.31 in Q3 FY18.

HDFC Bank Ltd

  • Total revenue grew to Rs 30811 crores in Q3 FY19, an increase from Rs24450 crores in Q3 FY18.
  • Net profit after tax to Rs 5585 crores in Q3 FY19, an increase from Rs 4642 crores in Q3 FY18.
  • Earnings per share to Rs 20.6 in Q3 FY19, an increase from Rs 17.9 in Q3 FY18.

9:20:39 

Top News Of The Day

Axis Bank To Hire Federal Bank’s ED 

  • Axis Bank’s new CEO Amitabh Chaudhry is in talks to hire Federal Bank’s executive director Ganesh Sankaran and HDFC Bank’s Ravi Narayanan as part of the broader strategy to strengthen the leadership team.

FPI Are Net Seller In January

  • Foreign investors have pulled out more than Rs 4,000 crore from the Indian capital markets so far in January, highlighting their cautious on political uncertainty.

9:15:57 

Good Morning

Welcome to the live coverage of all the Intraday actions. Track this space for all the news, views and updates from the market

By | 2019-01-21T18:56:25+00:00 January 21st, 2019|Categories: Intraday Stock Update, Morning Update|Tags: , |0 Comments

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Live Indian Market Intraday Updates on 21 January 2019

Nifty end over half percent higher above 10,950 mark 6:17:26 PM How well the EQSIS recommendations performed today 21 January? 1. EQSIS Intra: Long DABUR above 431.5 Target 434.8 Stop below 428.9 CMP 431 Status: Stoploss 2. EQSIS Intra: Long RELIANCE above 1220 Target 1231.3 Stop below 1211 CMP 1213 Status: Target 6:11:23 PM Top