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10 Dec 2016 | 5:07 PM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day - Going ahead, any further rise in the domestic benchmark will only be possible if the interest rate sensitive sectors keep performing.
05 Nov 2013 | 09:00 AM

    Highlights for Today
Market Outlook for the day - Going ahead, any further rise in the domestic benchmark will only be possible if the interest rate sensitive sectors keep performing.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21420 21300 21196.81 21070 20980
NIFTY 6380 6340 6307.20 6270 6240
BANK NIFTY 11900 11730 11628.65 11470 11300
CNXIT 8870 8830 8799.55 8760 8730
 
Corporate News

Berger Paints India Ltd reported an over 21% increase in net profit at Rs 56 crore for the July-September quarter. It had reported a net profit of Rs 46 crore in the corresponding quarter last fiscal.

The GVK Group’s Kevin’s Corner Project in Queensland in Australia secured Federal Government approval under the Environment Protection and Biodiversity Conservation Act.

Motherson Sumi Systems Ltd has posted a marginal increase in consolidated net profit of Rs 139.63 crore for the quarter ended September 30. The auto component maker’s net profit for the comparable quarter a year ago stood at Rs 137.58 crore.

TVS Motor Company’s total sales grew by 4% to 1,97,905 vehicles in October, compared with 1,90,438 units registered during the same month a year ago.

Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES) sold 37,532 tractors in the domestic market, a 30% rise from 28,872 units sold during the same month a year ago.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ABIRLANUVO BUY 1251.1 1230-1240 1190 1320 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BHEL BUY NOV FUT 143.8 142-143 138 154 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC,
L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps Amara raja batteries, 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
 
S&P BSE Sensex scaled record high on closing as well as on intraday basis. Key benchmark indices edged higher in choppy trade on the first trading session of November month as market sentiment was boosted by data showing that foreign funds made massive purchases of Indian stocks on Thursday, 31 October 2013. CNX Nifty hit highest closing high in almost three years. Most bank stocks extended Thursday's gains. BSE realty index closed 2.6% up. Metal, Auto and Capital goods also performed better and its BSE indices closed more than 1% up. Mahindra & Mahindra (M&M) rose after reporting strong growth in tractor sales for the month of October.
Regenerate OTP
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