NIFTY snapped three day winning streak ahead of July derivatives expiry


updated 6:45 pm

Top Stocks To Watch On Thursday 26 July

TORNTPOWER surged by 4.97% and closed at Rs.242.95. Trading volume hiked by 313 percent. There is an evidence of bullish trend formation. It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 216.

TATAELXSI surged by 6.3% and to close at Rs.1465.45. Trading volume hiked by 722 percent on Wednesday. However largely the volumes are intraday in nature. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1308.

NTPC plunged by 4.1% and settled at Rs.151. Trading volume hiked by 289 percent at last session. Impressively 65% of the trades gone for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 150.

M&MFIN witnessed Star pattern on daily chart. M&MFIN volume increased by 127 percent on 25 July 2018. Noticeably 60% of the trades are taken for delivery. It is oscillating nearer to its resistance zone of 490.

L&TFH Increase by 2.99% and ended at Rs.184.25. Meantime it registered significant returns on the weekly basis. Trading volume increased by 104 percent on 25 July 2018. It Indicates bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 143.

JINDALSTEL is one among the top traded stocks. Yet numerous trades were settled intraday. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 181 and resistance is seen around 227.
It Indicates bullish breakout. It is continuously advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1056.

INFRATEL witnessed Star pattern on daily chart. INFRATEL volume increased by 184 percent on Wednesday. Moreover 74% of the trades are deliverable volume. Currently it is trading around the lower range of its price band. The crucial support zone is around 284.

IBULHSGFIN gained by 3.91% and ended at Rs.1307.4. Trading volume hiked by 135 percent at last trading day. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1112.

HEXAWARE plunged by 7.99% and to close at Rs.456.45. Trading volume inflated by 219 percent on 25 July 2018. However largely the volumes are intraday trades. The momentum of the bears is visible through the opening gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 445.

HDFC is the most active stock. Interestingly 68% of the trades are taken for delivery. The aggressive nature of bulls is visible through the unfilled gap.It is oscillating nearer to its resistance zone of 2003.

BHEL volume spiked by 654 percent at last session. Yet numerous trades were settled intraday. The technical indicator RSI indicates overbought scenario.It is steadily climbing for 4 days. It is oscillating nearer to its resistance zone of 73.

ASIANPAINT witnessed Star pattern on daily chart. ASIANPAINT volume spiked by 289 percent on 25 July 2018. It suggest for resistanceThis stock is currently settled above the recent resistance zone. We see short term support around 1260.

ADANIENT surged by 7.39% and to close at Rs.199.8. Also it recorded significant percent in last five session. Trading volume increased by 218 percent. But most of the trades are intraday trades. It gives an impression of bullish breakout. It is continuously heading higher levels for 10 days. This stock is currently settled above the recent resistance zone. We see short term support around 102.


updated 4:30 pm

Earnings Highlights

Jyothy Laboratories Ltd

  • The topline grew to Rs 407 crores in Q1,2019 from Rs 363 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 32 crores in Q1,2019 from Rs 20 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 1.78 in Q1,2019 from Rs 1.13 Q1,208.

Canara Bank

  • The topline grew to Rs 13192 crores in Q1,2019 from Rs 12304 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 281 crores in Q1,2019 from Rs 251 crores in Q1,2018 on .
  • Earnings per share remained at Rs 3.84 in Q1,2019 from Rs 4.21 Q1,208.

updated 11:40 

Ramco Systems Ltd – New Deal

  • Ramco Systems Limited has informed the Exchange regarding a press release dated July 25, 2018, titled “Ramco Aviation signs Fighter Jet Maintenance Software deal with a leading Defense Contractor”.

updated 11:37 am

Currency Market

  • The rupee rebounded by 16 paise at 68.78 in the late morning trade on fresh dollar selling by banks and exporters amid a firm domestic equity market.
  •  The dollar’s gains against other currencies ahead of a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker restricted the rupee’s gains.

updated 11:30 am

Market Update: The NSE Nifty 50 Index edged lower 0.07 percent at 11126.25 on Wednesday. India equity benchmarks swung between gains and losses from the opening bell as gains in Metal stocks were offset by losses in Pharma stocks.

Global Market Check: Asian Markets trading higher tracking overnight U.S. market which finished mostly higher which closed firmly higher as positive corporate earnings boosted investor sentiment.


updated 9:00 am

Top News Of the Day

Tata Sons To Invest In Group Cos

  • Tata sons line up to Rs 10161 crores investments in group companies.
  • Tata sons to focus on insurance, finance, realty, retail and defence.

Wire Makers Want Sterlite To Reopen

  • Wire makers want Sterlite to reopen as 3000 jobs are in stake and many SME’s have been largely effected by the shutdown of the Sterlite plant in Tamil Nadu.

Bajaj Auto To Gain Market Share Not By Discounts

  • Bajaj Auto will gain share not via discounts but via smart strategy says Rajeev Bajaj.
  • Bajaj Auto to maintain the EBITA margin of around 20%.

updated 8:55 am

Earnings Reactions To Watch

Century Plyboards Ltd

  • The topline grew to Rs 537 crores in Q1,2019 from Rs 473 crores in Q1,2018.
  • Net profit after tax grew to Rs 45 crores in Q1,2019 from Rs 33.5 crores in Q1,2018.
  • Earnings per share showed a significant growth to Rs 2.04 in Q1,2019 from Rs 1.54 Q1,208.

Symphony Ltd

  • The topline de-grew to Rs 152 crores in Q1,2019 from Rs 210 crores in Q1,2018 on consolidated basis.
  • Net profit after tax grew to Rs 20 crores in Q1,2019 from Rs 38 crores in Q1,2018 on consolidated basis.
  • Earnings per share showed a significant growth to Rs 2.91 in Q1,2019 from Rs 5.61 Q1,208 on consolidated basis.

Earnings to watch

  • Ambuja Cements.
  • Canara Bank.
  • Jyothy Laboratories Ltd.