NIFTY ends at record closing high on July F&O series expiry day


updated 6:25 pm

Top Stocks To Watch On Friday 27 July

CANBK surged by 7.7% and settled at Rs.278.9. Additionally it registered a considerable returns over a recent days. Trading volume hiked by 323 percent at last trading day. Yet majority of them are intraday trades. It signals bullish breakout. It is regularly heading higher levels for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 223.

SBIN surged by 5.83% and to close at Rs.287.7. Trading volume inflated by 386 percent. It signals bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest increased by 15.13 %. It is frequently climbing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 253.

SRTRANSFIN surged by 9.92% and settled at Rs.1411. Trading volume inflated by 521 percent at last session. It signals bullish trend formation. It is steadily advancing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 1109.

RECLTD surged by 9.01% and finished at Rs. 107.05. Trading volume hiked by 348 percent on Thursday. It is heading for bullish breakout. It is continuously climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 90.

COLPAL dipped by 3.51% and settled at Rs.1085.05. Trading volume spiked by 413 percent. It suggest for bearish breakout. The momentum of the bears is indicated by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 1184.

IBULHSGFIN witnessed Star pattern on daily chart. IBULHSGFIN is the most active stock. It gives an impression of selling pressureIt is steadily rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1112.

DISHTV dipped by 3.65% and to close at Rs.67.3. Trading volume inflated by 216 percent on Thursday. The aggressive nature of bears is evident from the opening gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 66.

M&MFIN surged by 5.35% and settled at Rs.512. Trading volume hiked by 192 percent. There could be bullish breakout. It is steadily climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 451.

AMBUJACEM surged by 7.22% and settled at Rs.223.5. Trading volume hiked by 452 percent on Thursday. It gives an impression of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 190.

ICICIBANK is listed in top traded counters. Interestingly 68% of the trades are taken for delivery. It is likely to witness positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 259.


updated 5:27 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.32 percent to close at record closing high 11167.30 in on Thursday. Indian Equity benchmark NIFTY surged to an all-time high of 11,186 on the back encouraging June quarter corporate earnings from the top Indian companies so far. The positve global cues and strong corporte earnings boosted investors momentum.

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

From the NIFTY50 basket of shares SBIN, EICHERMOT, IBULHSGFIN, GRASIM and ICICIBANK ended as top gainers while YESBANK, MARUTI, IOC, HINDPETRO and BPCL are top losers.


updated 2:00 pm

Afternoon Market Update: The NSE Nifty 50 trading 0.19 percent higher at 11153.55 in the afternoon trade on Thursday. India equity benchmarks resumed its winning streak led by wide spread gains across most sectors on July derivatives expiry day. The Encouraging June quarter corporate earnings from the top Indian companies boosted investors sentiment.

Global Market Check: European markets opened higher today as investors cheered after the United States and Europe agreed to negotiations to ease barriers on trade.


updated 12:41 pm

NSE Advances and Declines

The number of advancing companies is significantly greater than the number of declining companies in the NSE from the opening bell on Thursday.


updated 12:09 pm

Currency Market

  • The Indian rupee opened higher by 7 paise at 68.71 per dollar on Thursday versus previous close 68.78.
  • Rupee consolidated in a range of 68.30 and 69.00 for the whole of this month and volatility was confined to a narrow range despite volatility in global crude.

updated 11:55 pm

NSE SECTOR PERFORMANCE – INTRADAY

Eight out of 12 sectors compiled by NSE were trading higher led by gains in Banking and NBFC sectors on Thursday.


updated 11:50 pm

Market Update: The NSE Nifty 50 Index advanced 0.32 percent at 11166.95 on Thursday. India equity benchmarks resumed its winning streak led by wide spread gains across most sectors on July derivatives expiry day. The Encouraging June quarter corporate earnings from the top Indian companies boosted investors sentiment.

Global Market Check: Asian Markets trading mixed to negative despite positive overnight U.S. market as the United States and Europe agreed to negotiations to ease barriers on trade.


updated 11:47 am

Dr. Reddy’s Laboratories Limited – New Launch

  • Dr. Reddy’s Laboratories Limited has informed the Exchange regarding a press release dated July 26, 2018, titled “Dr. Reddy’s Laboratories announces the launch of Hervycta (trastuzumab biosimilar) in India”

updated  9:00 am

Top News of The Day

Fund Raising By Vedanta

  • Vedanta to raise up to $1.1 billion from foreign banks for its growth prospects.

Government Favouring Power Cos

  • Government may favour more time for stressed power companies.
  • Government may tell the HC bankruptcy proceedings should kick after 360 days of default not 180 days.

EU To Start New Trade War With US

  • Eu prepares retaliatory tariffs on $20 billion of US goods.
  • In response to the US metal tariffs, the EU has already imposed its own import duties on 2.8 billion euros worth of US goods.

updated 8:50 am

Earnings Reactions To Watch

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.

Earnings to watch

  • Bharti Airtel
  • Dr. Reddy’s Laboratories
  • ITC
  • Maruti Suzuki India
  • Yes Bank
  • Bharat Financial Inclusion
  • Biocon
  • CESC
  • Colgate
  • Petronet LNG
  • SBI Life
  • Shriram Transport
  • Tata Power