Weekly market performance report

NIFTY marks fourth weekly gain on cheerful Q4 results. The 50-share NSE index NIFTY little changed at 10564.05 on Friday. The wider NIFTY ended flat with small loss in the last trading session of the week as losses in banking stocks were offset by gains in Information Technology stocks after good Q4 results from IT giant TCS and also by the weakness in rupee against the dollar. On weekly basis, the Indian benchmark rose for the fourth consecutive week on optimistic earnings result, sustained foreign fund inflows and positive global cues.

Looking overseas, European markets trading mixed to lower tracking Asian markets which finished broadly lower on Friday. The Global markets witnessed a see-saw week on the back of geopolitical tensions, concerns over a potential U.S.-China trade war and hopeful corporate earnings.

Nine out of eleven sector gauges compiled by the NSE ended lower led by NIFTY PSU BANK, NIFTY REALTY, NIFTY MEDIA, NIFTY PVT BANK and NIFTY FIN SERVICE as top gainers. On the flip side, NIFTY IT and NIFTY AUTO are only gainers.

From the NIFTY 50 basket of shares, YESBANK, ICICIBANK, TATASTEEL and SBIN underperformed as top losers while TCS, TECHM, INFY, HCLTECH and COALINDIA are top gainers.

Top stocks to watch on Monday 23 April

WOCKPHARMA: This stock surged by 4.5% and settled at Rs.797.25. This stock trading volume hiked by 188 percent at last trading day with majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support around 715.

MINDTREE: This stock surged by 9.16% and ended at Rs.979.85. This stock trading volume rose by 365 percent with majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support around 763.

HEXAWARE: This stock gained by 3.65% and to close at Rs.436.05. This stock trading volume rose by 115 percent with  majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support is around 369.

TCS: This stock surged by 6.62% and finished at Rs.3402.45. This stock trading volume rose by 431 percent with majority of intraday trades. The strength of the buyers is indicated by the todays gap. This stock is currently settled above the recent resistance zone and the short-term support around 2810.

NIITTECH: This stock surged by 6.09% and settled at Rs.993.15. This stock trading volume rose by 148 percent with majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support around 855.

INFY: This stock surged by 4.03% and ended at Rs.1178.45. This stock trading volume increased by 103 percent with 61% of the trades are taken for delivery. This stock is currently settled above the recent resistance zone and the short term support around 1108.

KPIT : This stock This stock trading volume spiked by 172 percent with majority of intraday trades on 20 April 2018. This stock is currently settled above the recent resistance zone and the short term support around 216.

HDFCBANK: This stock volume hiked by 163 percent with 77% of the trades are deliverable volume. This stock is currently settled above the recent resistance zone and the short term support around 1849.

HINDALCO: This stock is one among the top traded stocks with majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support around 203.

CANBK: This stock plunged by 7.04% and settled at Rs.258.7. This stock is one among the top traded stocks with majority of intraday trades.  This stock is currently trading around the lower range of its price band and the crucial support zone is around 249.

Q4 Result Insights: Indiabulls Housing Finance Limited

  • Indiabulls housing finance limited gained 23% in topline growth to 3967cr from 3225cr on YoY basis.
  • Indiabulls maintained the net profit margin to 25.9%, which was marginally equal to the margin on Q4,2017 earnings.
  • The earnings per share remained at Rs.24.16 and the management has declared an Interim Dividend of INR 10/- per equity share (on the face value of INR 2 per share) for the financial year 2018-19. The dividend will be paid on or before May 19, 2018.
  • Company have marginally increased its employee counts to 8111 and profit per employee being Rs.47 lakhs.
  • Asset quality of the company improved as its net NPA decreased marginally from 0.36% in March-17 to 0.34% in March-18.