NIFTY snapped two day winning streak in the volatile trading session amid weak global cues
Updated 6:55 pm
Top Stocks To watch On Friday 06 July
DABUR volume spiked by 51 percent on Thursday. Interestingly 75% of the trades gone for delivery. It is likely to witness bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 4.43 %. It is regularly breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 394.
YESBANK gained by 3.9% and finished at Rs. 348.65. Trading volume inflated by 249 percent at last session. It is likely to witness positive breakout. The strength of the bulls is evident from the todays gap. This stock is currently settled above the recent resistance zone. We see short term support around 328.
CESC gained by 3.58% and settled at Rs.910.4. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume rose by 187 percent at last trading day. Currently it is trading around the lower range of its price band. The crucial support zone is around 880.
APOLLOHOSP slipped by 3.12% and settled at Rs.1048.15. It witnessed Bearish Engulfing pattern on daily chart. Trading volume spiked by 72 percent on Thursday. The technical indicator RSI indicates overbought scenario. It is oscillating nearer to its resistance zone of 1076.
TITAN plunged by 5.48% and closed at Rs.838. Trading volume inflated by 94 percent. There could be bearish trend. The strength of the bears is visible through the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 919.
TATAMOTORS is the most active stock. Yet numerous trades were settled intraday. It gives an impression of The firmness of the bears is visible through the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 314.
MCDOWELL-N plunged by 5.65% and closed at Rs.629.25. There could be Derivative traders were aggressive in adding short positions. Open interest surged by 4.86 %. It is trading below its recent support zone. The Near term resistance is seen around 3431.
INDIACEM surged by 4.2% and finished at Rs. 109.2. Trading volume spiked by 81 percent on Thursday. But most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 102 and resistance is seen around 122.
ITC strengthen by 3.06% and finished at Rs. 272.5. It is listed in top traded counters. Furthermore 58% of the trades are taken for delivery. This stock is currently settled above the recent resistance zone. We see short term support around 259.
ACC Increase by 2.88% and finished at Rs. 1389.7. Trading volume increased by 80 percent at last session. It Indicates bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1269.
Updated 4:50 pm
Closing Bell: The NSE Nifty 50 index declined 0.19 percent and settled at 10749.75 on Thursday. Indian equity benchmarks halted two-day rally in the volatile trading session dragged by index heavyweights Infosys and Reliance Industries.
Among sector gauges compiled by the NSE NIFTY REALTY, NIFTY METAL, NIFTY PHARMA and NIFTY IT underperformed as top losers while NIFTY FMCG, NIFTY BANK and NINIFTY FIN SERVICE are top gainers.
From the NIFTY 50 basket of shares, TITAN, INFY, VEDL, RELIANCE and SUNPHARMA underperformed as top losers while YESBANK, ULTRACEMCO, ITC, ASIANPAINT and COALINDIA are top gainers.
Updated 2:30 pm
Khaitan – Resignation
Khaitan (India) Limited has informed the Exchange regarding Resignation of Mrs Sulekha Dutta as Executive Director of the company w.e.f. July 09, 2018.
Updated 1:25 pm
NSE Sector Wise Advances and Declines
Updated 1:05 pm
Afternoon Market Update: NIFTY trading flat at 10760 recovering from day’s low on Thursday. The Market breadth indicating the health of the market is favoring the bulls in the afternoon trade.
Global Market Check: European Markets opened mixed tracking Asian Markets which finished broadly lower ahead of a U.S. deadline to impose tariffs on Chinese products.
Updated 11:30 am
NSE Advance Decline Ratio
The number of declining companies is currently more than the number of advancing companies, which indicates the negative market sentiment,
Updated 11:10 am
Mastek – Proposed Merger
Mastek Limited has informed the Exchange regarding ‘Intimation of proposed Merger (transfer of business, assets and liabilities) of the Company’s overseas Step Down Subsidiary- IndigoBlue Consulting Limited, U.K. with its Parent Company namely Mastek (UK) Limited ( WOS of Mastek Limited)’.
Updated 10:50 am
Rupee Fell Further
The Indian Rupee fell further and trading lower at 68.84 per dollar against yesterday’s close of 68.74.
Updated 10:20 am
NSE SECTOR PERFORMANCE
Updated 10:15 am
Opening Bell: NIFTY swung between gains and losses in the opening trade on Bank Nifty expiry day. The gains in Energy and Banking stocks were offset by losses in Metal and Information Technology stocks in the opening hour of trade.
Updated 9:10 am
Pre-Market Update: Indian Market likely to open on a flat note as indicated by the Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index.
Global Market Check: Asian markets traded mostly lower on Thursday as investors cautious ahead of a deadline when tariffs from the U.S. and China are due to be implemented.