Daily stock market update.

NIFTY reclaims 10,500-mark, thanks to the longest winning streak. The 50-share NSE index NIFTY rose 0.46% to settle at 10528.35 on Monday. The Indian benchmark NIFTY retreated from day’s low to close higher for an eighth straight session and extended their longest winning streak as investors shrugged off unsatisfactory Infosys earnings result.  Now the investors will look on to the better upcoming January – March earnings results, which have been already disappointed at the start of earnings season.

Looking overseas, European markets trading lower while Asian markets finished mixed retreating from day’s high on Monday. The global markets have moved modestly lower on Monday amid concerns over the outlook of awaiting U.S. sanctions against Moscow.

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

From the NIFTY 50 basket of shares, CIPLA, GRASIM, HEROMOTOCO, UPL, NTPC and IBULHSGFIN outperformed as top gainers while TATAMOTORS, INFY, WIPRO and SBIN are the top losers.

Top stocks to watch on Tuesday 17 April

TATAMOTORS: This stock plunged by 5.01% and to close at Rs.339.15 on Monday. This stock is one among the top traded stocks with numerous intraday trades. Derivative traders were aggressive in adding short positions and the Open interest gained by 5.71%. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.328.

TCS: This stock trading volume inflated 125% with numerous trades at last trading session. Derivative traders were aggressive in adding long positions and the Open interest increased by 4.86%. This stock is currently settled above the recent resistance zone and the short-term support is around Rs.2004.

JISLJALEQS: This stock increase by 2.69% and finished at Rs.116.3 on Monday. This stock trading volume spiked by 73% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short-term support around Rs.104.

ARVIND: This stock gained by 3.68% and settled at Rs.425.65 on Monday. This stock trading volume spiked by 106% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short term support around Rs.378.

DCBBANK: This stock surged by 6.14% and closed at Rs.190.155 on Monday. This stock trading volume spiked by 621% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short-term support around Rs.159.

BEL: This stock dropped by 2.42% and ended at Rs.139.05 on Monday. This stock trading volume spiked by 82% with 56% of the trades are taken for delivery. This stock is currently trading below its recent support zone and the near-term resistance is seen around Rs.152.

POWERGRID: This stock trading volume spiked by 52% with 68% of the trades are taken for delivery on Monday. This stock is currently settled above the recent resistance zone and the short-term support is around Rs.191.

TATACOMM: This stock dropped by 2.2% and closed at Rs.621 on Monday. This stock trading volume spiked by 281% with 78% of the trades are taken for delivery. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.618.

TECHM: This stock trading volume spiked by 50% with numerous intraday trades on Monday. This stock is continuously heading higher levels for 4 days and currently settled above the recent resistance zone and the short-term support is around Rs.604.