NIFTY ended lower below 11000-mark amid unhelpful global cues


updated 7:05 pm

Top Stocks to Watch on Tuesday 17 July 2018

UPL volume spiked by 85 percent on Monday. It gives an impression of bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 674.

TATASTEEL plunged by 7.04% and ended at Rs.519.25. It is the most active stock. There could be It is trading below its recent support zone. The Near term resistance is seen around 575.

RELIANCE is the most active stock. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 3.4 %. This stock is currently settled above the recent resistance zone. We see short term support around 953.

PCJEWELLER volume rose by 408 percent on Monday. Yet most of the trades are intraday trades. It suggest for negative breakout. The intensity of the bears is indicated by the opening gap.It is continuously sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 152.

NCC plunged by 9.76% and ended at Rs.79.95. Additionally it registered a considerable decline over a recent days. Trading volume rose by 116 percent at last session. It signals bearish trend. It is regularly scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 105.

JPASSOCIAT plunged by 9.35% and closed at Rs.14.05. Trading volume inflated by 60 percent at last session. There could be negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 18.

JETAIRWAYS plunged by 7.86% and closed at Rs.305.85. There is an evidence of Derivative traders were aggressive in unwinding long positions. Open interest reduced by 7.46 %. It is trading below its recent support zone. The Near term resistance is seen around 394.

IRB plunged by 7.04% and ended at Rs.189.55. Trading volume increased by 144 percent on 16 July 2018. Yet majority of them are intraday trades. It signals negative breakout. It is regularly breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 229.

INFY rose by 1.17% and finished at Rs. 1332.85. Trading volume rose by 248 percent. The technical indicator RSI indicates oversold scenario.It is oscillating nearer to its resistance zone of 1348.

IGL surged by 4.21% and settled at Rs.263.55. Trading volume hiked by 172 percent at last session. Surprisingly 58% of the trades are deliverable volume. Derivative traders were aggressive in exiting short positions. Open interest reduced by 16.32 %. It is oscillating nearer to its resistance zone of 267.

IDBI volume increased by 84 percent on 16 July 2018. However most of the trades are settled intraday. It is oscillating nearer to its resistance zone of 61.

HDFC rose by 0.95% and ended at Rs.1991.2. Trading volume increased by 67 percent on Monday. Interestingly 83% of the trades are taken for delivery. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1833.

DRREDDY plunged by 9.74% and settled at Rs.2093.95. Trading volume rose by 323 percent at last trading day. It gives an impression of bearish breakout. The momentum of the bears is indicated by the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 2406.

DCBBANK plunged by 9.79% and finished at Rs. 161.75. Trading volume inflated by 446 percent. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 16.73 %. The momentum of the sellers is acknowledged by the todays gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 161.

AUROPHARMA volume hiked by 57 percent on 16 July 2018. There could be bearish breakout. The momentum of the bears is recognized by the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 631.

ADANIENT rose by 1.48% and ended at Rs.133.6. Additionally it recorded significant percent on the weekly basis. Trading volume rose by 74 percent at last trading day. Yet numerous trades were intraday in nature. The technical indicator RSI signals oversold scenario.It is frequently rising for 6 days. It is oscillating nearer to its resistance zone of 134.


updated 5:50 pm

Closing Bell: The NSE Nifty 50 declined 0.7 percent to close at 10,936.85 on Monday. Indian equity benchmark ended lower below 11000-mark after posting record setting last trading week. 

Ten out of 11 sectoral gauges compiled by NSE ended lower led by NIFTY PHARMA, NIFTY METAL, NIFTY PSU BANK and NIFTY MEDIA as top sectoral losers. On the flipside, Nifty IT was the top sectoral gainer.

From the NIFTY50 basket of shares DRREDDY, TATASTEEL, LUPIN, SUNPHARMA and TATAMOTORS underperformed as top losers while TECHM, NTPC, NTPC, YESBANK and HINDUNILVR as top gainers.


updated 4:47 pm

Earnings Highlights

Hindustan Unilever Ltd

  • FMCG major Hindustan Unilever on Monday reported at 19.17% YoY basis  rise in net profit at Rs 1,529 crore for the quarter ended June 30, 2018.
  • Revenue from operations of the company increased 2.88 % YoY basis to Rs 9,356 crore in Q1FY19 over Rs 9,094 crore in Q1FY18. 
  • Earnings per share of the company increased to Rs 7.06 in June quarter from Rs 5.93 in the same quarter last year. 
  • Profit After Tax increased 19% to 1529 crores on YoY basis.

updated 3:00 pm

Asian Granito India Limited

  • Asian Granito India Limited has informed the Exchange regarding ‘Intimation of commencement of commercial production activity in the subsidiary Company Camrola Quartz Limited.

updated 12.01 pm

NSE SECTOR PERFORMANCE – INTRADAY

All NSE sectors baring NIFTY IT and NIFTY FMCG were trading lower led by NIFTY PHARMA declining 2.55 percent in the mid afternoon trade on Monday.NSE SECTOR PERFORMANCE - INTRADAY (1)


updated 9:40 am

Aurobindo Pharma – New Acquisition

  • Aurobindo Pharma Limited has informed the Exchange regarding  a Definitive Agreement to Acquire Apotex which as  Businesses in Poland, Czech Republic, the Netherlands, Spain and Belgium.



 updated 8:55 am

Top News Of The Day

Wockhardt To Sell Off

  • Wockhardt Hospitals to sell its four hospitals outside Mumbai. Wockhardt plans to keep the Mumbai assets with them and offload the other hospitals.

Foreign Portfolio Investors Are Reducing Exposure To Indian IT

  • Foreign portfolio investors are reducing to India IT companies with WIPRO seeing higher fall in their holdings, followed by Infosys as the sector continue to adjust to digital disruption.

Tata Starbucks – Net Positive result

  • Tata Starbucks nets first positive EBITA. Sales jump 28% in FY18, growth comes on back of robust in-store performance coupled by addition of stores.
  • With 116 stores until march, each Starbucks shop sold coffee, snack and merchandise worth 3 crores.

ICICI Bank – Drama Continues

  • ICICI bank launches external probe into NPA irregularities. ICICI bank inflated profit by at least $1.3 billion over 8 years by delaying provisions for 31 NPA accounts.

updated 8:53 am

Earnings Reaction To Watch

Infosys Ltd

  •  Revenues were Rs 19,128 crore for the quarter ended June 30, 2018 YoY growth of 12.0% and QoQ growth of 5.8%.
  • Net profit was Rs 3,612 crore for the quarter ended June 30, 2018, YoY growth of 3.7% and QoQ decline of 2.1%.
  • EPS grew by 9.1% on a year-on-year basis ,RoE increases to 25.5% as compared to 24.1% last quarter and Operating margins at 23.7%.
  • The Board appointed Michael Gibbs as an Independent Director of the Company effective July 13,2018 for a period of three years.
  •  FY 19 operating margin guidance retained at 22%-24%. 

Bajaj Corp Ltd

  • The company has reported net sales of Rs.222.58 crores during Q1,2018 as compared to Rs.208.49 crores in Q1,2017.
  • The company has posted net profit of Rs.53.76 crores in Q1,2018 as against Rs.54.97 crores in Q1,2017.
  • The company has reported EPS of Rs.3.65 for Q1,2018 as compared to Rs.3.73 in Q1,2017.

Earnings  To Watch

  • Hindustan Unilever
  • Sintex Plastics Technology

updated 8:49 am

Currency Market

  • Rupee fell on Friday, ahead of the trade balance number that was released post market hours. India’s trade deficit for June widened to the highest level driven largely by a surge in oil prices.
  •  USD-INR pair is expected to quote in the range of 68.40 and 68.95.