Nifty ends at 4-month high; all eyes on RBI outcome


How well the EQSIS recommendations performed today 6 February?

1. EQSIS Intra: Long INFY above 767 Target 773.3 Stop below 762 CMP 736.5

Status: Not Initiated

2. EQSIS Intra: Long KOTAKBANK above 1289 Target 1299.8 Stop below 1280 CMP 1286

Status: Not Initiated

3. EQSIS Intra: Long RECLTD above 118.75 Target 120.3 Stop below 117.5 CMP 118.5

Status: Target

4. EQSIS Intra: Long NTPC above 137.1 Target 138.7 Stop below 135.8 CMP 137

Status: No Loss/No Gain – Ended at entry level

5. EQSIS Intra: Long TCS above 2070 Target 2085 Stop below 2058 CMP 2065

Status: Target


6:03:27 PM

Top Stocks To Watch On Thursday 7 February 2019

TECHM surged by 8.04% and settled at Rs.811.35. Trading volume spiked by 591 percent on Wednesday. It is likely to witness bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest increased by 19.01 %. The aggressive nature of bulls is recognized by the todays gap.It is continuously climbing for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 683.

IRB surged by 4.84% and settled at Rs.128.85. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume hiked by 101 percent at last trading day. Yet most of the trades are intraday trades. The technical indicator RSI signals oversold scenario.It is continuously sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 161.

TATACHEM plunged by 7.94% and to close at Rs.594.4. Trading volume hiked by 1070 percent on 6 February 2019. It is likely to witness negative breakout. The aggressive nature of sellers is visible through the unfilled gap.It is steadily scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 703.

CESC surged by 5.34% and settled at Rs.729.2. Trading volume increased by 123 percent on 6 February 2019. It gives an impression of positive breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 26.76 %. This stock is currently settled above the recent resistance zone. We see short term support around 653.

SRF surged by 9.88% and finished at Rs. 2223.25. Trading volume spiked by 334 percent at last session. But numerous trades were intraday in nature. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1965.

IDBI plunged by 6.7% and ended at Rs.43.9. Meanwhile it reported a considerable fall on the weekly basis. It is heading for bearish trend. It is frequently grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 65.

RPOWER surged by 6.25% and ended at Rs.12.75. Trading volume rose by 357 percent on 6 February 2019. However largely the volumes are settled intraday. It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 31.

ADANIENT volume rose by 69 percent on 6 February 2019. But largely the volumes are intraday trades. It Indicates bearish trend. It is continuously grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 153.

PCJEWELLER volume inflated by 83 percent at last session. Yet most of the trades are settled intraday. It is heading for bearish trend. It is continuously sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 84.

RELINFRA volume spiked by 777 percent. Yet largely the volumes are settled intraday. It suggest for negative breakout. It is steadily grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 316.

LUPIN witnessed Star pattern on daily chart. LUPIN volume increased by 337 percent on 6 February 2019. Yet majority of them are intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 827.


5:10:36 PM

Earnings Highlights

Lupin Limited

  • Total revenue grew to Rs 4548 crores in Q3 FY19, an increase from Rs 4004 crores in Q3 FY18.
  • Net profit after tax grew to Rs -151 crores in Q3 FY19, a decrease from Rs 251 crores in Q3 FY18.
  • Earnings per share grew to Rs -3.36 in Q3 FY19, a decrease from Rs 4.9 in Q3 FY18.

Vodafone Idea Limited

  • Total revenue grew to Rs 11582 crores in Q3 FY19, an increase from Rs 6551 crores in Q3 FY18.
  • Net profit after tax grew to Rs -5004 crores in Q3 FY19, a decrease from Rs 1284 crores in Q3 FY18.
  • Earnings per share grew to Rs -5.57 in Q3 FY19, a decrease from Rs -3.58 in Q3 FY18.

4:29:21 PM

Closing Bell: Nifty ends at 4-month high; all eyes on RBI outcome

Domestic benchmark index Nifty hit over 4-month high and closed at 11,062 with a gain of 128 points on Wednesday. The key benchmark index Nifty closed higher for the fifth straight session and settled above 11000 psychological mark as gains in heavyweight stocks like Reliance Industries, HDFC Bank, Infosys and Tech Mahindra helped the key index. All the sectoral indices ended in green led by metal and media with 2 percent gain, followed by auto, IT, Pharma, and PSU Bank, which rose over 1 percent.

Investors sentiment was boosted as both the foreign institutional investors (FIIs) and domestic institutional investors (DIIs) were net buyers on Tuesday. Investors will also be keeping an eye on the RBI bi-monthly monetary policy outcome scheduled on Thursday.

NSE Sector Performance


1:56:11 PM

Market Update: Nifty rise over 1% led by IT & Media stocks

The benchmark index Nifty were trading 117 points higher at 11,051. Indian equity market Nifty index continued to surge higher after opening gap up on Wednesday. Sector-wise, most of the sectors were trading in the green while Nifty media was the top performer, up 3.77%, led by Dish Tv, Zeel Entertainment and Zee Media. Heavyweight stocks like Infosys, Wipro, TCS, and Tech Mahindra helped the key index over 1 percent.


10:10:24 AM

Morning Update: Nifty above 11,000 mark amid strong global cues

Indian equity benchmark index Nifty registered a gap-up in the early morning session now were trading up 68 points at 11,003 on Wednesday. The Top 50 scrip extended gains for the fifth consecutive session, with Nifty trading above 11,000 mark, tracking strong global cues. On the sectoral front, media and IT indices surged as much as 2.9% & 1.7% respectively, while auto, banking, FMCG, and financial indices also gained.

The Nifty IT index rose nearly 2 percent led by Tech Mahindra, Infosys and Wipro also the stocks clocked fresh 52-week highs. 

Investors will also be keeping an eye on the RBI bi-monthly monetary policy outcome scheduled on Thursday.


10:20:46 AM

FII & DII  Deets

Foreign Institutional Investors (FIIs) bought shares worth Rs 420.65 crore and Domestic Institutional Investors bought Rs 194.31 crore worth of shares in the Indian equity market on February 5.


10:26:52 AM

Earnings To Watch

  • Adani Ports
  • Cipla
  • Cummins
  • JSW Steel
  • Lupin
  • Siemens
  • Idea

Earnings Highlights

Marico Ltd

  • Total revenue grew to Rs 1882 crores in Q3 FY19, an increase from Rs 1642 crores in Q3 FY18.
  • Net profit after tax grew to Rs 251 crores in Q3 FY19, an increase from Rs 223 crores in Q3 FY18.
  • Earnings per share grew to Rs 1.92 in Q3 FY19, an increase from Rs 1.71 in Q3 FY18.

Tech Mahindra Ltd

  • Total revenue grew to Rs 9024 crores in Q3 FY19, an increase from Rs 8001 crores in Q3 FY18.
  • Net profit after tax grew to Rs 1206 crores in Q3 FY19, an increase from Rs 924 crores in Q3 FY18.
  • Earnings per share grew to Rs 13.5 in Q3 FY19, an increase from Rs 10.7 in Q3 FY18.

9:24:10 AM

Top News Of The Day

Sugar Industry Seeks Help From Government

  • The sugar industry wants the government to provide financial assistance to companies which aim to expand their ethanol production capacity, to help maintain profitability and liquidity of sugar mills.
  • The government has asked domestic sugar mills to export 5 million tonnes but the sugar industry has signed contracts for export of 1.5 million tonnes of sugar only till date.

Moody’s Downgraded Airtel’s Rating

  • Moody’s Investors Services lowered Bharti Airtel’s rating to junk on worries about weak cash flows for several quarters ahead because Airtel is clearly not able to sustain the tough competition given by Jio. 

9:14:17 AM

Good Morning

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