NIFTY ended higher for a second day in a row amid lackluster global cues


updated 7:15 pm

Top Stocks To Watch On Tuesday 24 July

JUSTDIAL plunged by 4.13% and ended at Rs.556.65. Trading volume inflated by 120 percent on 23 July 2018. However numerous trades were settled intraday. The intensity of the bears is evident from the unfilled gap.It is trading inside the trading range. The Support is seen around 524 and resistance is seen around 600.

ITC volume spiked by 161 percent at last session. Noticeably 55% of the trades are taken for delivery. It is heading for positive breakout. The aggressive nature of buyers is acknowledged by the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 260.

ADANIENT surged by 5.06% and closed at Rs.171.2. Additionally it registered an exceptional gains over a recent days. There is an evidence of bullish trend formation. It is frequently climbing for 10 days. This stock is currently settled above the recent resistance zone. We see short term support around 102.

HAVELLS surged by 8.86% and to close at Rs.610.05. Trading volume inflated by 784 percent. It gives an impression of bullish breakout. The intensity of the buyers is acknowledged by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 527.

BATAINDIA surged by 7.31% and settled at Rs.904. Trading volume spiked by 653 percent on 23 July 2018. It signals bullish breakout. The intensity 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 816.

L&TFH surged by 9.83% and closed at Rs.170.9. At the same time it secured significant margin on the weekly basis. Trading volume hiked by 517 percent. It suggest for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 143.

SOUTHBANK plunged by 17.78% and ended at Rs.18.5. Trading volume hiked by 528 percent at last session. It signals negative breakout. The firmness of the sellers is evident from the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 24.

HEROMOTOCO plunged by 6.26% and to close at Rs.3165.45. Trading volume inflated by 414 percent at last session. It Indicates bearish trend. It is regularly scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 3643.

PCJEWELLER surged by 14.41% and to close at Rs.93.7. Trading volume hiked by 151 percent on Monday. But most of the trades are intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 75.

NCC surged by 5.45% and to close at Rs.84.1. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Currently it is trading around the lower range of its price band. The crucial support zone is around 79.


updated 5:10 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.68 percent to close at 11084.75 in the first trading session of the week. Indian Equity benchmark NIFTY ended higher for a second day in a row on Monday led by FMCG and consumer durable shares after a government panel cut GST rates on over 50 goods including refrigerators, televisions, footwear and paints etc. to 18 percent from 28 percent. The investors sentiment boosted by Prime Minister Narendra Modi’s trust vote win and Goods and Services Tax (GST) rate cut.

Ten out of 11 sectoral gauges compiled by NSE ended higher led by NIFTY FMCG, NIFTY PSU BANK, NIFTY REALTY and NIFTY MEDIA as top gainers. on the other-side, NIFTY IT is the only loser.

From the NIFTY50 basket of shares UPL, VEDL, BAJAJFINSV, ADANIPORTS and ITC ended as top gainers while HEROMOTOCO, BAJAJ-AUTO, WIPRO, HDFCBANK and GRASIM are top losers.


updated 4:45 am

Earnings Highlights

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.

updated 1:35 pm

NSE SECTOR PERFORMANCE – INTRADAY

Among NSE sectors Automobile sector plunged the most as top loser while FMCG sector outperformed as top gainer.


updated 1:05 pm

Afternoon Market Update: The NSE Nifty 50 trading 0.23 percent higher at 11035.00 in the afternoon trade. Indian equity benchmarks trading in a narrow range hovering around 11,050-mark in the first trading session of the week. The Market breadth indicating the health of the market remained significantly positive.

Global Market Check: European markets opened lower tracking Asian Markets which closed mostly mixed as investors concerned over the President Donald Trump’s new tariff threats.


updated 12:20 pm

Advances and Declines – Sector Wise


updated 10:25 am

Eros International Media Limited – New Release

  • Eros International Media Limited has informed the Exchange regarding a press release dated July 23, 2018, titled “Eros International to release the highly anticipated Telugu action fantasy thriller Saakshyam on July 27”.

updated 9:00 am

Top News Of The Day

Discretionary Spending Likely To Gather Stream

  • Discretionary spending is likely to bounce back as Saturday’s GST rate cut will bring down prices of several products including TV, footwear, washing machines etc.

Bank Of Baroda

  • Bank of Baroda sets up ‘war room lawyer team’ for bad loan recovery.
  • State-owned bank has 380 high-value bad loan accounts with total outstanding about Rs 15000 crores.

Pull Out Of FII

  • Foreign portfolio investors pull out Rs 2000 crores in July and in last three months FII’s withdrew around Rs 61000 crores from capital markets.

Bajaj Auto – increasing Market Share

  • Bajaj Auto eyes 20% market share for its future growth prospects in next two quarters.
  • Bajaj Auto to maintain high double digit growth for its top line in the coming future.

updated 8:55 am

Earnings to Watch

  • ACC Ltd
  • ICICI Securities
  • Hindustan Zinc
  • Granules India
  • Vijaya Bank