Nifty end marginally lower dragged by metal and auto stocks
Top Stocks To Watch On Tuesday 25 June 2019
BHEL strengthen by 3.22% and settled at Rs.73.7. Also it maintained a considerable percent on the weekly basis. Trading volume spiked by 63 percent on 24 June 2019. It signals positive breakout. The intensity of the buyers is evident from the opening gap.It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 66.
HEXAWARE plunged by 5.1% and finished at Rs. 394.2. Trading volume increased by 93 percent. Yet most of the trades are settled intraday. There could be resistanceDerivative traders were aggressive in unwinding long positions. Open interest reduced by 13.65 %. This stock is currently settled above the recent resistance zone. We see short term support around 342.
UPL surged by 5.22% and to close at Rs.936.55. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 73 percent on 24 June 2019. 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 921.
UJJIVAN dipped by 3.61% and settled at Rs.286.65. Additionally it registered significant loss over a recent days. Trading volume inflated by 45 percent on Monday. Yet numerous trades were intraday trades. There could be It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 368.
GLENMARK plunged by 7.79% and settled at Rs.461. Trading volume inflated by 1035 percent at last session. It signals bearish trend. Derivative traders were aggressive in adding short positions. Open interest surged by 26.17 %. It is trading below its recent support zone. The Near term resistance is seen around 563.
JINDALSTEL plunged by 4.3% and ended at Rs.140.2. Meantime it secured significant fall on the weekly basis. It suggest for Derivative traders were aggressive in adding short positions. Open interest gained by 9.74 %. It is trading below its recent support zone. The Near term resistance is seen around 170.
Closing Bell: Nifty end marginally lower dragged by metal and auto stocks
The broader Nifty50 dipped 24 points to 11,700 levels at the closing bell. Indian benchmark index nifty settled marginally lower on Monday led by declines in auto, energy and oil & gas shares amid weak global cues and rise in oil price.
JSW Steel, ONGC, Eicher Motors, Tata Steel, Bajaj Auto, Vedanta, Tech Mahindra and Britannia Industries, were among the losers. On the flipside, UPL, Yes Bank, Mahindra & Mahindra, India bulls Housing Finance, TCS and State Bank of India were among the gainers.
Market Update: Nifty trade flat in afternoon session
A benchmark index of the Indian equities markets, the 50-scrip NSE (NIFTY), were trading flat at 11727 level, up 5 points during afternoon session on Monday. Good buying was observed in PSU Bank and capital goods sectors, while selling pressure was seen in auto and metal sectors.
The market breadth, indicating the overall health of the market, were also flat. On NSE, 845 shares rose and 865 shares fell. A total of 95 shares were unchanged.
Morning Update: Nifty turn negative after opening flat
The NSE Nifty50 were trading at a level of 11,704, lower by 20 points from the previous settlement. Equity benchmark index nifty were trading lower after opening flat note on Monday amid mixed global markets and a spike in oil prices.
Eight of the 11 sectoral gauges compiled by NSE were trading in the green with marginal gains while Nifty Auto index, down 1.26 per cent, took the deepest cuts followed by metal and pharma indices.
Top gainers in the Nifty pack included UPL, Yes Bank, IndusInd Bank, Bharti Airtel, Hindalco and State Bank of India, rising up to 2.10 per cent. While, Bajaj-Auto, Hero MotoCorp, Eicher Motors, ONGC and Reliance shed up to 2.10 per cent.
Meanwhile, Asian shares traded cautiously as investors await US-China trade negotiations ahead of G20 meeting this weekend.
FII & DII data
The foreign institutional investors (FIIs) sold shares worth Rs 730.58 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 445.75 crore as on Jun 21st 2019.
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