Nifty end in red after last hour sell-off


6:17:46 PM

Top Stocks To Watch On Wednesday  24 July 2019

ITC advanced by 2.36% and closed at Rs.270.65. Trading volume increased by 66 percent at last trading day. Surprisingly 72% of the trades gone for delivery. The technical indicator RSI indicates oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 268.

ASHOKLEY plunged by 5.48% and ended at Rs.75. Trading volume increased by 60 percent at last trading day. It signals bearish breakout. The strength of the bears is indicated by the todays gap.It is continuously sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 91.

DHFL surged by 14.29% and finished at Rs. 60. Meanwhile it reported a considerable percent over a recent days. Trading volume spiked by 117 percent on 23 July 2019. Yet largely the volumes are settled intraday. It is trading inside the trading range. The Support is seen around 48 and resistance is seen around 85.

IDFCFIRSTB declined by 2.74% and finished at Rs. 39.05. Trading volume spiked by 88 percent. It suggest for bearish breakout. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 9.57 %. It is trading below its recent support zone. The Near term resistance is seen around 46.

APOLLOTYRE plunged by 4.29% and ended at Rs.167.5. Trading volume increased by 248 percent at last session. It gives an impression of bearish breakout. It is continuously breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 205.

SRTRANSFIN plunged by 5.53% and to close at Rs.980.8. Trading volume increased by 132 percent on Tuesday. It gives an impression of negative breakout. It is frequently scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 1113.

M&MFIN plunged by 5.05% and settled at Rs.340.15. Trading volume inflated by 100 percent at last trading day. It is likely to witness negative breakout. It is frequently sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 404.

KAJARIACER volume inflated by 279 percent on 23 July 2019. However numerous trades were intraday trades. It is heading for bearish trend. It is steadily scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 595.

HDFCBANK volume spiked by 127 percent. Surprisingly 63% of the trades are deliverable volume. There is an evidence of negative breakout. It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 2498.

KOTAKBANK Increase by 2.73% and to close at Rs.1494. Trading volume rose by 203 percent on 23 July 2019. However most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 1454 and resistance is seen around 1533.

RELINFRA strengthen by 3.01% and settled at Rs.44.45. . 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 44.

IOC witnessed Star pattern on daily chart. IOC volume inflated by 163 percent on 23 July 2019. Surprisingly 56% of the trades gone for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 144.


6:10:12 PM

Closing Bell: Nifty end in red after last hour sell-off

The broader NSE Nifty ended 15 points lower at 11,331 levels. Indian equity benchmark index nifty witnessed a sharp fall in the last hour, extending their declines for the fourth straight trading sessions on Tuesday as the markets witnessed selling pressure in auto, pharma and banking indices. Meanwhile, IT, FMCG and Realty indices offered some support to the markets.

Nifty PSU Bank is down over 3 percent dragged by Punjab National Bank, Bank of Baroda and State Bank of India Meanwhile, State Bank of India dropped 2.5% and was the biggest percentage loser on the Nifty index.

On the global front, Asian markets closed higher on expectations that the European Central Bank and Federal Reserve will cut interest rates.

Best And Worst Nifty 50 Performers Today


10:11:49 AM

Market Update: Nifty turn choppy ahead of June quarter results

Nifty swung between gains and losses ahead of key June quarter results. The market breadth was tilted in favour of buyers. About 640 stocks declined and 900 shares advanced on National Stock Exchange.


9:33:47 AM

Morning Update: Nifty erases opening gains

The wider Nifty50 on the National Stock Exchange were trading at 11,322, down 22 points on Tuesday. Benchmark index nifty erased all opening gains and were trading lower owing to weakness in auto, banking, pharma and metal indices. However, losses were capped as information technology and realty were witnessing buying interest. Investors sentiment remain cautious amid heavy selling by foreign institutional investors and ahead of key June quarter results.

Top percentage laggards on the 50-scrip index at the time were Yes Bank, HDFC Bank, HDFC, Bajaj Auto and Bharti Infratel, trading between 1.23 per cent and 2.63 per cent lower. Meanwhile, Infosys, Kota Bank, Power Grid, Wipro, Axis Bank and Hero MotoCorp are among major gainers in the morning trade.


10:01:20 AM

Nifty Earnings To Watch

  • Zee Entertainment Enterprises
  • Larsen & Toubro
  • Hindustan Unilever
  • NIIT Technologies
  • Torrent Pharmaceuticals
  • HDFC Life Insurance Company
  • Mahindra & Mahindra Financial Services
  • SBI Life Insurance Company

9:29:13 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 1916.91 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 1829.90 crore as on July 22nd 2019.


9:07:00 AM

Earnings Reaction To Watch

Kotak Mahindra Bank

  • Total revenue grew to Rs 8314 crores in Q1 FY20, an increase from Rs 6903 crores in Q1 FY20.
  • Net profit after tax to Rs 1932 crores in Q1 FY20, an increase from Rs 1974 crores in Q1 FY20.
  • Earnings per share to Rs 10.1 in Q1 FY20, an increase from Rs 8.2 in Q1 FY20.

TVS Motor Ltd

  • Total revenue grew to Rs 5018 crores in Q1 FY20, an increase from Rs 4616 crores in Q1 FY20.
  • Net profit after tax to Rs 146 crores in Q1 FY20, a decrease from Rs 155 crores in Q1 FY20.
  • Earnings per share to Rs 3 in Q1 FY20, a decrease from Rs 3.2 in Q1 FY20.

9:02:11 AM

Top News Of The Day

NCLT Reserves  Order For JPA

  • The National Company Law Appellate Tribunal (NCLAT) has reserved an order on whether it will exclude a litigation period of around 250 days in the Jaypee Infratech case to remain within the 270-day limit for insolvency proceedings and allow fresh bidding for resolution of the company.

Government To Exit CPSEs

  • Government has given ‘in-principle’ approval for strategic disinvestment of 23 central public sector enterprises (CPSEs) including subsidiaries, units and joint ventures.

8:52:14 AM

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