NIFTY gained 2 points to keep up record closing streak


updated 5:50 pm

How well the EQSIS recommendations performed today 7 August?

Market Sentiment: We concluded the market sentiment as volatile as NIFTY opened higher from the previous closing but start to decline in the first hour of trade despite positive global cues.

1. EQSIS Intra: Long ICICIBANK above 318 Target 320.5 Stop below 315.5 CMP 317

This call was the first pick in the morning as this stock was advancing for past few days and was grinding higher with good liquidty in the morning.

Result: Stop Loss

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

2. EQSIS Intra: Long JUBLFOOD above 1528 Target 1540 Stop below 1516 CMP 1525

This call give in the morning as this stock was opened gap up at fresh all time high and was grinding higher steadily.

Result: Not Initiated

This call was not initiated untill the market closing time as market turned significantly weak and this stock started to lose momentum.

3. EQSIS Intra: Long BATAINDIA above 954.75 Target 964 Stop below 945.5 CMP 952

This call was given in the mid afternoon trade as this stock was performing well individualy and tested all time high despite volatile market.

Result: Positive

This call intiated with good volume and started to consolidate in the same phase, fortunately in the final hour of trade this stock gained momentum to grind higher and was just a step away from the target during the market closing time.

4. EQSIS Intra: Long HAVELLS above 666 Target 671 Stop below 661 CMP 665

This call was given in the afternoon trade as this stock was performing well for the past few day and testing new highs day by day.

Result: Target

This call was initiated as expected and achieved the target within few minutes.


updated 5:45 pm

Top Stocks To Watch On Wednesday 8 August

UNIONBANK plunged by 4.53% and ended at Rs.86.5. It witnessed Bearish Engulfing pattern on daily chart. It is oscillating nearer to its resistance zone of 90.

TVSMOTOR surged by 4.02% and to close at Rs.549. Trading volume hiked by 486 percent. However numerous trades were intraday trades. It is trading inside the trading range. The Support is seen around 509 and resistance is seen around 591.

TORNTPHARM volume increased by 102 percent on 7 August 2018. It suggest for bullish trend formation. It is steadily advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1417.

TATASTEEL gained by 3.6% and ended at Rs.573.15. It is one among the top traded stocks. Yet numerous trades were intraday in nature. This stock is currently settled above the recent resistance zone. We see short term support around 500.

SYNDIBANK plunged by 4.99% and finished at Rs. 41.9. Also it secured significant weakness on the weekly basis. Trading volume spiked by 241 percent at last trading day. However most of the trades are intraday trades. It is trading inside the trading range. The Support is seen around 37 and resistance is seen around 47.

SRF volume rose by 90 percent at last trading day. Yet majority of them are settled intraday. It signals bullish breakout. It is steadily advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1546.

PNB plunged by 8% and to close at Rs.82.85. Trading volume hiked by 195 percent at last session. But largely the volumes are intraday in nature. It is trading inside the trading range. The Support is seen around 73 and resistance is seen around 89.

NMDC surged by 6.47% and settled at Rs.114.35. Trading volume increased by 89 percent at last session. It gives an impression of bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest surged by 9.49 %. This stock is currently settled above the recent resistance zone. We see short term support around 94.

JISLJALEQS Increase by 2.81% and finished at Rs. 85.95. Trading volume increased by 104 percent on 7 August 2018. Yet majority of them are intraday trades. It is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 73.

JINDALSTEL gained by 3.6% and settled at Rs.214.6. It is one among the top traded stocks. However numerous trades were intraday in nature. It is regularly heading higher levels for 3 days. It is oscillating nearer to its resistance zone of 224.

BRITANNIA volume rose by 97 percent at last session. Interestingly 62% of the trades are taken for delivery. It Indicates 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 6576.

ARVIND dipped by 3.82% and to close at Rs.403.2. Trading volume rose by 94 percent at last session. Derivative traders were aggressive in adding short positions. Open interest surged by 22.06 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 390.

ADANIPOWER plunged by 9.55% and ended at Rs.29.85. The firmness of the bears is indicated by the opening gap.The technical indicator RSI signals overbought scenario.It is oscillating nearer to its resistance zone of 33.

ADANIPORTS plunged by 6.3% and closed at Rs.372.3. Trading volume inflated by 235 percent at last session. However most of the trades are settled intraday. Derivative traders were aggressive in adding short positions. Open interest surged by 18.67 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 362.


updated 4:15 pm

Closing Bell: The NSE Nifty 50 little changed 0.02 percent higher to 11389.45 on Tuesday. India equity benchmarks gained 2 points to stay with record closing streak for the seconday in a row after retreating from day’s high as gains in metal stocks were offset by losses in PSU banking stocks.

Six out of 11 sectoral gauges compiled by NSE ended higher led by NIFTY METAL, NIFTY MEDIA and NIFTY AUTO indexes as top gainers. on the other-side, NIFTY PSU BANK, NIFTY REALTY and NIFTY PHARMA indexes are the top losers.

From the NIFTY50 basket of shares TATASTEEL, TITAN, BAJFINANCE, EICHERMOT and ASIANPAINT outperformed as top gainers while ADANIPORTS, COALINDIA, HINDPETRO, BPCL and CIPLA are top losers.


updated 4:00 pm

Earnings Highlights

TVS Motors Company Ltd

  • The topline grew to Rs4171 crores in Q1,2019 from Rs 3799 crores in Q1,2018.
  • Net profit after tax grew to Rs 146 crores in Q1,2019 from Rs 129 crore in Q1,2018.
  • Earnings per share remained at to Rs 3.09  in Q1,2019 from Rs 2.73 Q1,2018.

Wonderla Holidays

  • The topline grew to Rs 106 crores in Q1,2019 from Rs 56 crores in Q1,2018.
  • Net profit after tax grew to Rs 32.9 crores in Q1,2019 from Rs 3.67 crore in Q1,2018.
  • Earnings per share remained at to Rs 5.84  in Q1,2019 from Rs 0.65 Q1,2018.

updated 12:45 pm

Afternoon Market Update: The NSE Nifty 50 little changed 0.03 percent higher to 11390.80 in the afternoon trade on Tuesday. India equity benchmarks NIFTY off from day’s high and hovering around 11,400 as gains in Metal and Auto stocks were offset by losses in Pharma and Energy stocks.

Seven out of 11 sectoral gauges compiled by NSE trading higher led by NIFTY MEDIA, NIFTY METAL, NIFTY AUTO and NIFTY IT indexes as top gainers. on the other-side, NIFTY PSU BANK, NIFTY REALTY and NIFTY PHARMA 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 amid renewed fears over U.S.-China trade tensions.


updated 11:55 pm

Maruti Suzuki India Limited – Tackling Water Problem

  • Maruti Suzuki India Limited has informed the Exchange regarding a press release dated August 07, 2018, titled “Maruti Suzuki inaugurates 11th Water ATM in Haryana; to tackle bad water quality faced by community”.

updated 10:01 am

Rupee Opens Weaker

  • The rupee on Tuesday opened 3 paise lower at 68.91 against the US dollar.
  • Ongoing trade-war rhetoric between the US and China too added some nervousness on the trading front coupled with extreme bullish dollar sentiment.

updated 9:30 am

Earnings Reaction To Watch

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.

Avanti Feeds

  • The topline grew to Rs 923 crores in Q1,2019 from Rs 888 crores in Q1,2018 .
  • Net profit after tax grew to Rs 79 crores in Q1,2019 from Rs 142 crore in Q1,2018.
  • Earnings per share remained at to Rs 5.83  in Q1,2019 from Rs 10.43Q1,2018.

Graphite india

  • The topline grew to Rs 1995 crores in Q1,2019 from Rs 436 crores in Q1,2018 .
  • Net profit after tax grew to Rs 957 crores in Q1,2019 from Rs 30 crore in Q1,2018.
  • Earnings per share remained at to Rs 49  in Q1,2019 from Rs 1.54 Q1,2018.

Earnings To Watch

  • Mahindra & Mahindra
  • Adani Enterprises
  • Adani Transmission
  • Bombay Dyeing
  • Edelweiss Financial Services
  • Future Lifestyle Fashions
  • Future Supply Chain Solutions
  • Mcdowell Holdings
  • Motherson Sumi
  • Punjab National Bank
  • Sobha
  • SRF
  • Thomas Cook
  • TVS Motor
  • Wonderla Holidays

updated 9:15 am

Top News Of The Day

Eveready Eyes 15% Growth

  • Eveready Industries India is aiming for 10-15% topline growth and 30-35% profit growth in current fiscal and penetrate their business in to different geographic.

Wadia Steps Down From Britannia

  • Wadia age,74 to step down from the board as he hinted in the 99th annual meeting and the company is aiming to deliver new 50 products this fiscal year.

Nestle-Estimating Inorganic Growth

  • The firm to looks to expand in small but rapidly growing breakfast area and the company is aiming for some new acquisition to amplify growth

updated 8:50 am

Good morning. Welcome to the live coverage of all the Intraday actions. Track this space for all the news, views and updates from the market.