18 Dec 2017 | 7:25 AM
Research Report
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Equity Research Report: Religare Morning Digest

Market Outlook for the day - In near future, either side breakout from 5300-5550 levels and then sustainability will result in next directional move.
05 Sep 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - In near future, either side breakout from 5300-5550 levels and then sustainability will result in next directional move.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 18960 18720 18567.55 18360 18180
NIFTY 5580 5500 5448.10 5380 5320
BANK NIFTY 9080 8960 8845.75 8720 8600
CNXIT 8720 8500 8454.10 8370 8300
 
Corporate News

The US Food and Drug Administration (USFDA) has given its approval for Ipca Laboratories’ oral solid dosage formulations manufacturing facility situated at Madhya Pradesh after an inspection. Post the approval, the company said that it would be able to commercialize oral solid dosage formulations in the US market from the formulations manufacturing facility situated at Pharmazone, SEZ Indore, Pithampur, Madhya Pradesh.

Mahindra and Mahindra
reported that the company will invest Rs 10,000 crore in the next three years on capex and launching new products. The company is scouting for locations, including options outside its Chakan plant in Maharashtra, to set up its new plant to manufacture new products and will take final decision within this fiscal.

Redington’s Turkey-based step down subsidiary has acquired 47.78% shares of ADEO Bilisim Danismanlik Hizmetleri San. ve Tic. A.S. for $1.09 million.

SKS Microfinance's founder Vikram Akula sold his entire residual holding of 9.06 lakh shares in the company in the open market at Rs 132. Private equity firm Sequoia Capital India Growth Investments also sold 15 lakh shares in the company at Rs 132 each.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CIPLA BUY 419.8 412-416 405 440 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DIVISLAB BUY 991.5 977-984 957 1043 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin,
ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services, Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
 
High intraday volatility was witnessed as key benchmark indices regained strength after trimming strong intraday gains in afternoon trade. Telecom stocks rallied. Auto stocks also gained. IT stocks rose on positive US economic data overnight, with TCS hit record high and Infosys attained 52-week high. Metal and mining stocks edged higher as a private survey showed growth in China's services sector hit five-month high in August.