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11 Dec 2016 | 7:25 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day - Profit taking is expected to continue, 6100 is an important support to watch for.
07 Nov 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Profit taking is expected to continue, 6100 is an important support to watch for.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21150 21000 20894.94 20790 20670
NIFTY 6300 6250 6215.15 6180 6140
BANK NIFTY 11500 11380 11292.55 11220 11140
CNXIT 8950 8900 8843.05 8800 8750
 
Corporate News

Bajaj Auto has witnessed a 4 per cent decline in motorcycle sales year-on-year during October. The company sold 3.48 lakh bikes in October 2013 compared with 3.61 lakh units in the same month of 2012. Sales of its three-wheelers took a greater hit with 37,000 units, representing a decline of 26 per cent.

ABB India reported 78.14% surge in net profit to Rs 38.07 crore on 1.25% decline in total income to Rs 1786.82 crore in Q3 September 2013 over Q3 September 2012.

State Bank of India has raised the base rate and the benchmark prime lending rates by 20 basis points each, with effect from Thursday, 7 November 2013.

Mahindra & Mahindra launched an entry level version of its popular SUV, XUV500 priced at Rs 10.95 lakh (ex-showroom, Delhi).

BHEL said that its net income from operations for the quarter ended September 30, 2013 was declined by 15.2% to Rs 8,819 crore against Rs 10,399.62 crore in the same period in 2012-13.The net profit fell to Rs 455.95 crore in Q2 this year compared with Rs 1,274.45 crore in the same quarter last year.

Results on November 07, 2013: Eicher Motors, Tech Mahindra, Tata Coffee, India Cements, Radico Khaitan, HSIL, Chennai Petro, Aurobindo Pharma, Redington, Central Bank, MOIL, Triveni Engg, Spice Jet
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ORIENTBANK SELL FUT 194.25 198-200 205 180 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TCS BUY NOV FUT 2102 2084-2090 2056 2156 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
 
Key benchmark indices edged lower in choppy trade as a decision by State Bank of India (SBI), India's biggest commercial bank in terms of branch network, to raise lending rates by 20 basis points hurt investor sentiment adversely as borrowing costs will rise for the corporate sector. IT and Power stocks gained and its BSE indices closed more than 1% up. Metal stocks dropped. Bank stocks dropped across the board. Bharat Heavy Electricals (Bhel) fell in choppy trade after weak Q2 results. The market breadth was positive.
 
Regenerate OTP
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