Live market updates for 2 July

Updated 9:05 am

Top News For the day:

Rationalization of GST rates

  • Jaitley hints at rationalization of GST rates as revenues surge. Total collection in June was at Rs 95610 crores, well above the FY18 monthly average of Rs89885 crores.

Gain for exports

  • A weaker rupee against the dollar may add strength to exports. This also indicates that NRI’s may send more money home making use of this opportunity.

FII’s sell-off

  • FII’s continue selling as global worries remain. Foreign investors were sellers of Indian markets for the third straight month. DII inflow stood at Rs 14146 crores, down 6% from Rs 15000 crores in the previous month.

Delisting of Vedanta in London?

  • Vedanta explores London delisting post UK protests. Rising political opposition post-Tuticorin, drop in share price force the company to revisit plan for delisting.

Vedanta was listed in London stock exchange in 2003.

Updated 9:30 am

Live: NIFTY get off to a turbulent start in the first trading session of the week

  • Opening Bell: NIFTY edged lower below 10700-mark tracking weak global markets. The market breadth indicating the health of the market is significantly negative as most stocks from the NIFTY50 basket of shares are trading with a negative bias.

Updated 10:15 am

Acquisition by Reliance Industries

  • Reliance Industries Limited has informed the Exchange regarding Acquisition of Radisys Corporation.

Updated 11:00 am

Sector Wise Advances and Declines

 

Updated 11:25 am

New appointment in SAIL

  • Steel Authority of India Limited has informed the Exchange regarding Appointment of Mr Saraswati Prasad as Chairman & Managing Director of the company w.e.f. July 01, 2018

Updated 11:35 am

Record date – TCS

  • Tata Consultancy Services Limited has informed the Exchange that the Company has fixed Record Date as July 18, 2018 for the purpose of Interim Dividend.

Updated 12:50 pm

LIVE: NIFTY trading broadly lower amid unhelpful global cues

Afternoon Market Update: NIFTY trading broadly lower as all sector gauges compiled by NSE barring the NIFTY IT were trading in red.

Global Market Check: European markets open sharply lower as political and trade war concerns. Asian Markets were mostly lower on Monday ahead of the expected imposition of higher tariffs.

Updated 2:30 pm

Supreme – Sell Off

  • Supreme Industries Limited has informed the Exchange regarding ‘Company completed the sale of its Auto Comp Business as a going concern on a slump sale basis to Kumi Supreme India Private Limited.

Updated 3:30 pm

Sector Wise Intraday Performance

Updated 3:45 pm

LIVE: NIFTY tumbled below 10700-mark amid weak global cues

Closing Bell: NIFTY managed to recover from the day’s low in the final hour of trade but ended 57 points lower and settled at 10657.30 in the first trading day of the week.

Updated 6:30 pm

Top stocks to watch on Tuesday 2 July

TV18BRDCST plunged by 8.82% and to close at Rs.48.1. Trading volume hiked by 108 percent on Monday. It is likely to witness bearish trend. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 3.48 %. It is trading below its recent support zone. The Near-term resistance is seen around 59.

TITAN advanced by 2.15% and ended at Rs.897.4. It is listed in top traded counters. However, most of the trades are intraday trades. It is oscillating nearer to its resistance zone of 919.

TATAMOTORS is the most active stock. It signals The momentum of the sellers is acknowledged by the unfilled gap. It is trading below its recent support zone. The Near-term resistance is seen around 314.

SOUTHBANK volume inflated by 66 percent. But most of the trades are intraday trades. It is likely to witness bearish trend. It is trading below its recent support zone. The Near-term resistance is seen around 26.

PNB Increase by 2.63% and to close at Rs.78.15. It is the most active stock. Yet largely the volumes are intraday trades. Currently, it is trading around the lower range of its price band. The crucial support zone is around 75.

PFC plunged by 4.08% and to close at Rs.74.15. It is likely to witness Derivative traders were aggressive in adding short positions. Open interest gained by 2.74 %. It is trading below its recent support zone. The Near-term resistance is seen around 86.

JINDALSTEL plunged by 7.22% and to close at Rs.206.95. Trading volume hiked by 142 percent on Monday. Yet numerous trades were intraday trades. It signals a bearish trend. It is trading below its recent support zone. The Near-term resistance is seen around 249.

INFY advanced by 2.1% and ended at Rs.1334.7. At the same time, it secured significant percent in last five sessions. It is listed in top traded counters. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 1223.

IDBI advanced by 2% and closed at Rs.56. Trading volume inflated by 90 percent on Monday. However numerous trades were intraday trades. It is trading inside the trading range. The Support is seen around 52 and resistance is seen around 64.

DCBBANK witnessed Star pattern on daily chart. DCBBANK volume inflated by 245 percent. Noticeably 64% of the trades are deliverable volume. It is likely to witness negative breakout. It is trading below its recent support zone. The Near-term resistance is seen around 184.

CONCOR volume rose by 80 percent at last session. Furthermore, 74% of the trades are deliverable volume. It signals bearish breakout. It is continuously advancing for 3 days. It is trading below its recent support zone. The Near-term resistance is seen around 1362.

ADANIENT plunged by 7.16% and finished at Rs. 105.05. Meantime it registered a considerable weakness on the weekly basis. Trading volume hiked by 96 percent on Monday. However, most of the trades are intraday trades. It suggests a negative breakout. It is trading below its recent support zone. The Near-term resistance is seen around 136.