NIFTY ended at record closing high for the third day in a row


updated  6:05pm

How well the EQSIS recommendations performed today 30 July?

Market Sentiment: We concluded the market sentiment as bullish as NIFTY opened gap up from the previous record closing high.

1. EQSIS Intra: Short HCLTECH below 955 Target 943 Stop above 967 CMP 956

This call was first pick in the morning as this stock was reacting to the Q1 earnings and also IT sector was underperforming.

Result: Positive

This call was initated and grinding lower steadily as expected towards the target but it ended just short of target in the closing time.

2. EQSIS Intra: Long SUNPHARMA above 564 Target 569 Stop below 559 CMP 563

This call was given in the afternoon and pharma sector was gaining momentum on that time and this stock was performing good with liquidity.

Result: Negative

This call initiated with a surge in volume and reached the half way mark of the target within few minutes but unfortunately started to grind lower and ended just below the entry point.


updated 6:00 pm

Top Stocks To Watch on Tuesday 31 July

TVSMOTOR dropped by 2.25% and to close at Rs.513.5. Meanwhile it recorded significant loss over a recent days. There is an evidence of It is trading below its recent support zone. The Near term resistance is seen around 592.

ORIENTBANK surged by 6.64% and closed at Rs.81.15. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 66.

IDFCBANK surged by 5.09% and ended at Rs.41.3. Trading volume inflated by 150 percent. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 36.

HCLTECH weakened by 1.69% and ended at Rs.947.15. At the same time it recorded a remarkable decline in last five session. It is one among the top traded stocks. Derivative traders were aggressive in adding short positions. Open interest gained by 7.29 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 921.

DIVISLAB surged by 4.86% and ended at Rs.1156.6. Trading volume spiked by 351 percent at last session. There is an evidence of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1046.

CENTURYTEX witnessed Star pattern on daily chart. CENTURYTEX volume hiked by 139 percent at last trading day. Yet majority of them are settled intraday. It is oscillating nearer to its resistance zone of 945.

BHARTIARTL surged by 5.09% and finished at Rs. 383.25. Trading volume spiked by 63 percent at last trading day. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 338.

BEML surged by 9.32% and to close at Rs.897.1. Trading volume spiked by 577 percent at last session. But numerous trades were intraday in nature. It signals bullish trend formation. It is regularly rising for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 751.

BANKINDIA surged by 5.57% and ended at Rs.103.25. At the same time it recorded significant margin over a recent days. Trading volume inflated by 93 percent on 30 July 2018. But largely the volumes are intraday in nature. There could be bullish breakout. It is continuously advancing for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 77.

BANKBARODA surged by 10.3% and finished at Rs. 152.05. Trading volume increased by 365 percent on 30 July 2018. But most of the trades are settled intraday. There is an evidence of positive breakout. The aggressive nature of buyers is acknowledged by the unfilled gap.It is continuously climbing for 6 days. This stock is currently settled above the recent resistance zone. We see short term support around 111.

ADANIPOWER surged by 10.88% and settled at Rs.29.05. Trading volume rose by 72 percent at last trading day. But largely the volumes are intraday trades. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 15.

ACC dropped by 2.03% and finished at Rs. 1503.8. It witnessed Bearish Engulfing pattern on daily chart. This stock is currently settled above the recent resistance zone. We see short term support around 1262.


updated 5:40 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.37 percent to settle at record closing high 11319.55 on Monday. Indian Equity benchmark NIFTY extended their record-breaking run to settle at record closing high for the third consecutive day in the first trading session of the wek . The sentiment at traders and investors desk remained optmistic on better-than-expected June quarter earnings from Indian companies.

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

From the NIFTY50 basket of shares BHARTIARTL, ICICIBANK, SBIN, AXISBANK and ULTRACEMCO ended as top gainers while HDFCBANK, INFY, HCLTECH, HDFC and BAJFINANCE are top losers.


updated 4:52 pm

Earnings Highlights

HDFC

  • The topline grew to Rs 9951 crores in Q1,2019 from Rs 8289 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 3070 crores in Q1,2019 from Rs 2022 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 12.96  in Q1,2019 from Rs 8.96 Q1,208.

updated 2:59 pm

Market Sentiment Favor The Bulls

The number of advancing companies was higher than the number of declining companies for the most part of the day.


updated 2:06 pm

Mahindra & Mahindra Limited

  • Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated July 30, 2018, titled “Mahindra to hike prices by up to 2% from August 2018”.

Srikalahasthi Pipes Limited

  • Srikalahasthi Pipes Limited has informed the Exchange regarding ‘Intimation regarding acquisition of further shares by promoter group Companies.’.

updated 11:55 am

Information Technology Sector Decline

Among sectors compiled by NSE Bank, Energy and Pharma sectors advances while Information Technology sector declines the most in today’s session.


updated 11:20 am

Market Update: The NSE Nifty 50 Index litle changed 0.04 percent higher at 11283.20 on Monday. India equity benchmarks tested 11,300-mark in the first few minutes of trade but failed to hold gains as gains in Banking and Energy stocks were offset by losses in IT stocks in the first trading session of the week..

Global Market Check: Asian Markets trading lower on Monday as investors focused on central bank meetings, corporate results and updates on US inflation and payrolls.


updated 9:10 am 

Earnings Reaction To Watch

Reliance Industries Ltd

  • The topline grew to Rs 128756 crores in Q1,2019 from Rs 83471 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 9485 crores in Q1,2019 from Rs 9079 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 15.97  in Q1,2019 from Rs 15.39 Q1,208.

ICICI Bank

  • The topline grew to Rs 14722 crores in Q1,2019 from Rs 13459 crores in Q1,2018 on .
  • Net profit after tax grew to Rs -119 crores in Q1,2019 from Rs 2049 crores in Q1,2018 on .
  • Earnings per share showed a significant de -growth to Rs -0.19 in Q1,2019 from Rs 3.19 Q1,208.

HCL Technologies Ltd

  • The topline grew to Rs 13878 crores in Q1,2019 from Rs 12149 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 2431 crores in Q1,2019 from Rs 2210 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 17.46 in Q1,2019 from Rs 15.49 Q1,208.

Bank Of Baroda

  • The topline grew to Rs 11639 crores in Q1,2019 from Rs 10552 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 528 crores in Q1,2019 from Rs 203 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 1.99 in Q1,2019 from Rs 0.88 Q1,208.

Earnings To Watch

  • HDFC
  • Axis Bank
  • IDFC Bank
  • KCP Ltd

updated 9:00 am

Top News Of The Day

NBCC To Take Control Of Jaypee And Amrapali Projects

  • State run NBCC is likely to take control of Jaypee and Amrapali projects to ensure their completion on time and in return
  • NBCC has sought full control over the finances of both the projects.

RBI Rate Hike is Likely To Happen

  • Due to mounting pressure of increase in inflation, RBI is likely to increase the repo rate by 25 bps.

Worst Is Over For Telecom

  • DoT secretary says that the worst is over for the telecom companies and the dust should by early 2019.

updated 8:50 am

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