NIFTY closed at fresh high, breached 11,400-mark for the first time


updated 7:05 pm

How well the EQSIS recommendations performed today 6 August?

Market Sentiment: We concluded the market sentiment as bullish as NIFTY opened gap up from the previous closing and was grinding higher steadily in the first hour of trade.

1. EQSIS Intra: Long NIFTYFUT above 11446 Target 11477 Stop below 11415 CMP 11442

This call was the first pick in the morning as index heavyweights as well banking sector was performing well amid positive global cues.

Result: Stop Loss

This call was initiated as expected but unfortunately struck in the trend reversal and triggered the stoploss.

2. EQSIS Intra: Long SBIN above 307.45 Target 309.9 Stop below 305 CMP 306

This call give in the morning as this stocks was performing well as PSU Banking sector was very bullish and was extending gains from the previous session.

Result: Target

This call was initiated in the afternoon with good momentum and started to grind higher steadily to achieve the target.


updated 6:57 pm

Top Stocks To Watch On Tuesday 7 August

TORNTPHARM volume increased by 128 percent on 6 August 2018. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1412.

RCOM surged by 4.79% and finished at Rs. 16.4. At the same time it recorded a considerable percent in last five session. Trading volume inflated by 74 percent on 6 August 2018. However numerous trades were intraday trades. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 12.

IRB surged by 4.72% and settled at Rs.204.1. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 54 percent. It is oscillating nearer to its resistance zone of 214.

IDFC surged by 6.71% and settled at Rs.50.1. Trading volume inflated by 301 percent at last session. However majority of them are settled intraday. It Indicates bullish trend formation. The aggressive nature of bulls is recognized by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 43.

DIVISLAB volume increased by 198 percent at last session. It gives an impression of bearish reversalThis stock is currently settled above the recent resistance zone. We see short term support around 1061.

CENTURYTEX volume hiked by 43 percent on 6 August 2018. Yet largely the volumes are settled intraday. It is oscillating nearer to its resistance zone of 951.

AXISBANK gained by 3.84% and to close at Rs.596.8. Trading volume increased by 156 percent on Monday. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 517.

ARVIND volume spiked by 377 percent at last trading day. However majority of them are settled intraday. The aggressive nature of sellers is acknowledged by the todays gap.It is oscillating nearer to its resistance zone of 435.


updated 4:00 pm

Closing Bell: The NSE Nifty 50 advanced 0.23% percent to settle at 113387.10 on Monday. India equity benchmarks extended gains from the previous trading session for the second day in a row to test fresh all time of 11,427.65 in the first trading session of the week. However, NIFTY closed below 11,400-mark retreating from day’s high as gains in banking stocks were offset by losses in Pharma and FMCG stocks.

Seven out of 11 sectoral gauges compiled by NSE ended higher led by NIFTY PSU BANK, NIFTY METAL, NIFTY PVT BANK, NIFTY BANK and NIFTY FIN SERVICE indexes as top gainers. on the other-side, NIFTY PHARMA, NIFTY FMCG and NIFTY IT indexes are the top losers.

From the NIFTY50 basket of shares AXISBANK, SBIN, ICICIBANK, BHARTIARTL and UPL outperformed as top gainers while GAIL, KOTAKBANK, TATAMOTORS, TITAN and HINDUNILVR are top losers.


updated 3:30 am

Earnings Highlights

Britannia industries 

  • The topline grew to Rs2445 crores in Q1,2019 from Rs 2229 crores in Q1,2018 .
  • Net profit after tax grew to Rs 246 crores in Q1,2019 from Rs 208 crore in Q1,2018.
  • Earnings per share remained at to Rs 20.51  in Q1,2019 from Rs 17.39 Q1,2018.

updated 2:40 pm

Banking Sector Outshines

Seven out of 11 sectors compiled by NSE trading higher led by Banking and Energy sectors as top gainers. on the other-side, Pharma, FMCG and IT sectors grinding lower as top losers.


updated 1:21 pm

Hindustan Unilever Limited – New Acqusition

  • Hindustan Unilever Limited has informed the Exchange regarding a press release dated August 06, 2018, titled “HUL signs agreement with Vijaykant Dairy to acquire Adityaa Milk Ice Cream Business “.

updated 1:45 pm

Bulls Ride On Heavy Volume

The volume on the advancing companies is significantly increasing than the volume in the decreasing companies in today’s trading session.


updated 12:45 pm

Afternoon Market Update: The NSE Nifty 50 advanced 0.34 percent to 11399.15 in the afternoon trade on Monday. India equity benchmarks extended gains from the previous trading session for the second day in a row to test fresh all time of 11,427.65 in the first trading session of the week. However, NIFTY off from day’s high and hovering around 11,400 as gains in banking stocks were offset by losses in Pharma and FMCG stocks.

Seven out of 11 sectoral gauges compiled by NSE trading higher led by NIFTY PSU BANK, NIFTY METAL, NIFTY PVT BANK, NIFTY BANK and NIFTY FIN SERVICE indexes as top gainers. on the other-side, NIFTY PHARMA, NIFTY FMCG and NIFTY IT indexes are the top losers.

Global Market Check: European markets opened higher today tracking Asian markets which closed mixed to higher on Friday as strong corporate results boosted investors sentiment.


updated 10:30 am

Rupee Opens Higher

  • The Indian rupee on Monday opened 4 paise higher at 68.57 against the dollar as banks and importers pulled away from the American currency. 

updated 9:20 am

Earnings Reaction To Watch

Titan  Company Limited

  • The Company reported a growth of 31.4% in profit before tax for the quarter.
  • The sales income grew from RS.4002 crores last year to Rs.4269 crores in Q1. The profit before tax for the same period grew from Rs.371 crores to Rs.487 crores.
  • The Jewellery division recorded an income growth of 5.6% in the first quarter. The income from
    this division in Q1 was Rs.3572 crores as against Rs.3381 crores last year.
  • The Company’s other businesses comprising accessories, fragrances and sarees grew by 31.5%, to Rs.26 crores this year.

Nestle India Ltd

  • The topline grew to Rs2698  crores in Q1,2019 from Rs 2402 crores in Q1,2018 .
  • Net profit after tax grew to Rs 819 crores in Q1,2019 from Rs 570 crore in Q1,2018.
  • Earnings per share remained at to Rs 85  in Q1,2019 from Rs 59 Q1,2018.

Earnings To Watch

  • Adani Ports and Special Economic Zone
  • Adani Power
  • Arvind
  • Avanti Feeds
  • Britannia Industries
  • Firstsource Solutions
  • Graphite India
  • Max Financial Services

updated 9:15 am

Top News Of The Day

GVK Infra To Raise Capacity

  • GVK looks to raise capacity at Mumbai airport. The current total project stands at Rs 16000 crores.

Syndicate To Acquire PNB Housing Finance?

  • Global investing Syndicates in the fray to acquire PNB housing finance. The deal is expected to fetch around Rs 14000 crores.

LIC To Pay Premium

  • LIC to pay premium to acquire for IDBI non-core assets. IDBI’s gross NPAs rose to Rs 55000 core in March,2018

updated 8:50 am

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