NIFTY ended just a step away from its all time high of 11,171.55


updated 6:40 pm

Top Stocks To Watch On Wednesday 25 July

NIITTECH surged by 8.07% and ended at Rs.1218.85. Trading volume rose by 165 percent at last session. However largely the volumes are intraday in nature. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1056.

KOTAKBANK weakened by 1.85% and ended at Rs.1312.25. Meanwhile it maintained a considerable weakness in last five session. It is likely to witness It is frequently breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 1413.

INDIACEM surged by 9.44% and finished at Rs. 117.1. Trading volume spiked by 290 percent at last trading day. But most of the trades are intraday trades. It Indicates bullish trend formation. It is continuously rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 98.

IDEA surged by 7.33% and ended at Rs.56.4. Trading volume spiked by 407 percent at last trading day. Yet largely the volumes are intraday trades. The aggressive nature of buyers is evident from the opening gap.It is regularly climbing for 3 days. It is oscillating nearer to its resistance zone of 59.

HEROMOTOCO weakened by 1.81% and settled at Rs.3108.25. Additionally it registered significant loss on the weekly basis. Trading volume hiked by 203 percent on Tuesday. It Indicates negative breakout. It is continuously scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 3629.

BAJAJ-AUTO fell by 1.32% and finished at Rs. 2648.65. Also it secured significant decline on the weekly basis. It is listed in top traded counters. There could be bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 3171.

AMBUJACEM surged by 7.4% and closed at Rs.212.65. Trading volume rose by 431 percent. There is an evidence of positive breakout. The momentum of the buyers is recognized by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 190.

ADANIENT surged by 8.67% and finished at Rs. 186.05. At the same time it registered a remarkable margin on the weekly basis. Trading volume spiked by 283 percent at last session. But most of the trades are intraday in nature. It signals positive breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 131.45 %. It is regularly heading higher levels for 10 days. This stock is currently settled above the recent resistance zone. We see short term support around 102.

ACC surged by 12.56% and settled at Rs.1475.5. Trading volume inflated by 1608 percent at last session. It suggest for bullish trend formation. The firmness of the bulls is visible through the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 1262.


updated 6:30 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.45 percent to close at 11134.30 in on Tuesday. Indian Equity benchmark NIFTY ended higher for a third day in a row extending gains from the previous session and it is just a step away from its all time high of 11,171.55. The investors sentiment boosted by the positive global cues and better than expected corporate earnings.

Eight out of 11 sectoral gauges compiled by NSE ended higher led by NIFTY METAL, NIFTY REALTY, NIFTY MEDIA, NIFTY PHARMA, NIFTY PSU BANK and NIFTY AUTO as top gainers. on the other-side, NIFTY PVT BANK, NIFTY IT and NIFTY BANK were the top losers.

From the NIFTY50 basket of shares GRASIM, HINDALCO, IBULHSGFIN, LT and ULTRACEMCO ended as top gainers while KOTAKBANK, HEROMOTOCO, HCLTECH, BAJFINANCE and BAJAJ-AUTO are top losers.


updated 2:30 pm

NSE SECTOR PERFORMANCE – INTRADAY

All NSE sectors barring Information Technology were trading with positive bias in the afternoon trade.

 


updated 1:35 pm

Afternoon Market Update: The NSE Nifty 50 trading 0.48 percent higher at 11138.00 in the afternoon trade on Tuesday. Indian equity benchmark NIFTY extending gains for third day in a row and it is just a step away from its all time high of 11,171.55. The Market breadth indicating the health of the market remained significantly positive for most part of the day.

Global Market Check: European markets opened higher tracking Asian Markets which closed firmly higher as positive corporate earnings boosted investor sentiment.


updated 11:50 AM

Metal Sector Performance

All Stocks in the Metal sector is trading higher in the mid afternoon trade on Tuesday.


updated 11:30 am

Advances and Declines – Sector Wise

The number of advancing companies is greater than the number of declining companies in all NSE sectors. 

 


updated 9:00 am

Top News Of The Day

Lending to Vedanta

  • Standard Chartered Bank has opened a credit line of Rs 3500 crores for Vedanta to finance the purchase of Electrosteel.

China Says No To Devalue Its Currency

  • China said that the value of its currency is driven by the market and it has no intention to devalue its currency to bolster the exports.

Revenue Generation For Coal India Limited

  • Coal India has managed an average premium of 39% on 6.38 mt auction of coal to sponge iron customers helping to get annual revenue of Rs 1248 crores for five years.

Exports growth to BRICS

  • Exports from India to BRICS grow 7.5% in Q1,2018.
  • The growth trajectory is likely to remain in the same path for the next half of the fiscal year.

updated 8:50 am

Earnings Reactions to watch

Hindustan Zinc Ltd

  • The topline grew to Rs 5606 crores in Q1,2019 from Rs 5527 crores in Q1,2018.
  • Net profit after tax grew to Rs 1938 crores in Q1,2019 from Rs 1910 crores in Q1,2018.
  • Earnings per share showed a significant growth to Rs 4.57 in Q1,2019 from Rs 4.44 Q1,208.

ACC Ltd

  • The topline de-grew to Rs 3880 crores in Q1,2019 from Rs 3985 crores in Q1,2018 on consolidated basis.
  • Net profit after tax grew to Rs 328 crores in Q1,2019 from Rs 326 crores in Q1,2018 on consolidated basis.
  • Earnings per share showed a significant growth to Rs 17.5 in Q1,2019 from Rs 17.37 Q1,208 on consolidated basis.

Earning To Watch

  • Asian paints
  • Symphony
  • TV18 Broadcast
  • Inox Leisure
  • Network18 Media
  • Hexaware Technologies
  • ICICI Prudential Life Insurance
  • Century Plyboards
  • Power Grid Finance Corp.