Weekly stock market roundup

NIFTY takes no time to breather, posted a third weekly gain. The 50-share NSE index NIFTY rose 0.21% to settle at 10480.60 on Friday. The Indian benchmark NIFTY ended higher for a seventh straight session, posting their longest winning streak this year. The sentiment at traders and investors’ desk remained upbeat on positive India’s retail inflation and industrial production sustained foreign fund inflow and impressive global cues. Now the major trigger for the market in January – March earnings results, which have been kick-started from today.

Looking overseas, European markets trading mixed to higher in line with Asian markets which finished mixed to higher on Friday. The Global equity markets are on track for a third straight week of gains, as investors viewed for developments in the Syria situation and in the trade fight between the U.S. and China.

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

From the NIFTY 50 basket of shares, ADANIPORTS, TECHM, EICHERMOT, HINDALCO, IBULHSGFIN, and WIPRO outperformed as top gainers while BPCL, HCLTECH, BAJAJFINSV, IOC, SBIN and HINDPETRO are the top losers.

INFOSYS Q4 Result: Insights

  • Infosys grew its revenue by 9.2% to $2805 million on QoQ basis.

  • Net profit was $2,486 million for the year ended Mar 31, 2018; YoY growth was 16.2%.

  • Infosys also increased its global clients. New clients added in Q4 FY18; client count: 1204. Adding to clients with increasing revenue looked a positive note for the company under the new CEO Salil Parekh, who took in charge recently.

  • EPS was INR 71.07 for the year ended Mar 31, 2018, YoY growth of 13.2%.

  • Revenue had grown to INR 70,522 crores for the year ended Mar 31, 2018, YoY growth was 3.0%.

  • Net profit grew to $571 million; growth of 5.3% QoQ.

  • Infosys added 12,329 employees in Q4 FY18 and revenue per employee remained $54.6K  

  • Infosys suffered a 28.2% loss in net profit when compared to Q3 18.

Top stocks to watch on Monday 14 April

TECHM: This stock surged by 2.87% and ended at Rs.671.55 on Friday. This stock trading volume inflated 120% with numerous intraday trades. Derivative traders were aggressive in adding long positions and the Open interest gained by 7.39%. This stock is currently settled above the recent resistance zone and the short term support is around Rs.604.

TVSMOTOR: This stock surged by 3.19% and finished at Rs. 661.8. on Friday. This stock trading volume inflated 260% with  57% of the trades are taken for delivery. This stock is currently settled above the recent resistance zone and the short term support is around Rs.592.

DISHTV: This stock trading volume inflated 215% with numerous trades at last trading session. This stock is currently settled above the recent resistance zone and the short term support is around Rs.65.

WOCKPHARMA: This stock weakened by 1.74% and closed at Rs.741.4 on Friday. Derivative traders were aggressive in adding short positions and the Open interest gained by 7.64%. This stock is currently trading inside the trading range and the support is seen around Rs.715 and resistance is seen around Rs.794.

HCLTECH: This stock weakened by 1.86% and ended at Rs.991.25 on Friday. This stock trading volume spiked by 108% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short term support around Rs.918.

GODREJCP: This stock trading volume inflated 121% with 89% 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.1052.

TCS: This stock trading volume inflated 212% with numerous intraday trades at last trading session. This stock is currently settled above the recent resistance zone and the short term support around Rs.2804.

MARUTI: This stock is listed in top traded counters with numerous intraday trades at last trading session. Derivative traders were aggressive in adding short positions and the Open interest gained by 1.95%. This stock is currently oscillating nearer to its resistance zone of Rs.9299.

BPCL: This stock slipped by 3.16% and ended at Rs.405.4 on Friday. Derivative traders were aggressive in adding short positions and Open interest gained by 12.03%. This stock is currently trading below its recent support zone and the near term resistance is seen around Rs.460.

KOTAKBANK: This stock trading volume inflated 57% with 70% of the trades are taken for delivery on Friday. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1035.

DHFLH: This stock gained by 3.82% and settled at Rs.547.55 on Friday. This stock trading volume spiked by 144% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short term support around Rs.495.