Nifty extended gains for the third straight session also reclaims 11k-mark
How well the EQSIS recommendations performed today 06 March?
1. EQSIS Intra: Short AXISBANK below 723 Target 718 Stop above 727 CMP 723.75
2. EQSIS Intra: Long DRREDDY above 2680 Target 2703.8 Stop below 2661 CMP 2678
2. EQSIS Intra: Long RELIANCE above 1250 Target 1259.9 Stop below 1242 CMP 1248
Top Stocks To Watch On Thursday 7 March 2019
DHFL surged by 11.09% and closed at Rs.148.75. It did rise in the last trading session, but fell by a significant margin on a weekly basis. It witnessed Star pattern on daily chart. Trading volume spiked by 279 percent on Wednesday. However largely the volumes are intraday trades. It signals bullish breakout. The momentum of the bulls is indicated by the unfilled gap.It is steadily climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 104.
PCJEWELLER weakened by 1.69% and settled at Rs.78.35. Trading volume increased by 122 percent on Wednesday. But most of the trades are intraday trades. There could be aggressive selling. The technical indicator RSI indicates overbought scenario.It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 62.
Closing Bell: Nifty extended gains for the third straight session also reclaims 11k-mark
Domestic equity index Nifty50 closed 65 points higher at 10,053 on Wednesday. Indian benchmark index Nifty logged gains for third consecutive session of trade above it’s key level 11,050, driven by gains in Reliance, ICICI Bank, HDFC, ITC and Bajaj Finance. Investor sentiment has turned positive on the back of persistent foreign fund inflows amid signs of easing tensions with neighbour Pakistan.
NSE Sector Performance
Market Update: Nifty nears 11,050 mark; Pharma and Realty shares gain
The benchmark index Nifty were trading 46 points higher at 11,034 on Wednesday’s afternoon session with Nifty near it’s key level 11,050. Domestic equity index was trading in a short range after a strong gap up. Meanwhile, European markets were trading mixed to lower. Among the sectoral indices, Nifty pharma and Nifty realty were the top performers, up 1.4% and 1.11%, respectively.
Morning Update: Nifty reclaims 11,000 mark; PSU banks & FMCG stocks shine
The benchmark index Nifty were trading 40 points higher at 11030 on Wednesday. Key equity index Nifty were trading positive note and reclaiming 11,000 mark following Asian cues. Nifty realty was the top performing sectors up over 1 percent in the morning session including gains was visible in FMCG and IT sectors.
FII & DII Deets
Foreign Institutional Investors (FIIs) bought shares worth Rs 4165.21 crore and Domestic Institutional Investors bought Rs 580.86 crore worth of shares in the Indian equity market on March 5.
Top News Of THe Day
Cadila Healthcare Gets UDFDA Approval
- Cadile Healthcare received the USFDA approval to market Rivastigmine Transdermal System, marking its first approval for a transdermal product in the US.
CDPQ To Invest In Edelwesiss
- Canadian fund CDPQ has agreed to invest $250 million (Rs 1,767 crore) in the convertible debentures of the Edelweiss Group’s non-banking finance company( NBFC).
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