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07 Dec 2016 | 6:04 PM
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Equity Research Report: Religare Morning Digest

There are higher chances of a bounce back considering Nifty is trading close to its important support levels (5450-5475)
08 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - There are higher chances of a bounce back considering Nifty is trading close to its important support levels (5450-5475).
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 19000 18780 18664.88 18540 18420
NIFTY 5630 5560 5519.10 5475 5450
BANK NIFTY 9970 9850 9757.25 9650 9500
CNXIT 7860 7820 7767.75 7720 7660
 
Corporate News

Lupin posted a 43.04% increase in consolidated net profit to Rs 401.1 crore for the first quarter ended June 30 after robust sales growth in the US and improved operational efficiencies. The company had posted a profit of Rs 280.4 crore during the same period in the previous fiscal. Net sales rose 9.07% to Rs 2,420.7 crore from Rs 2,219.2 crore in the quarter a year earlier.

Emami Ltd has reported a Q1FY14 PAT growth of 30.2% at Rs 61 crore (Rs 47 crore). EBITDA at Rs 59 crore improved 27.9%. The company said that early monsoon affected summer brands’ sales. Its total income from operations during the quarter was at Rs 384 crore (Rs 339 crore).

Crompton Greaves reported 30% fall in its net profit to Rs 60 crore for the first quarter ended June 30, 2013. Total income of the company during the period under review stood at Rs 3,192.5 crore, compared to Rs 2830.3 crore for the same quarter a year ago.

Apollo Tyres reported a consolidated net profit of Rs 166 crore for the first quarter ended June 30, 2013 up 19% from Rs 139 crore in the corresponding period last year. Net sales remained flat at Rs 3,190 crore during the quarter against Rs 3,165 crore in the same quarter previous year.

Results on 08 August 2013: Jet Airways, Adani Enterprises, Atul Auto, Bharat Forge, NMDC, Akzo Nobel, Panacea Biotec.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SUNTV BUY 417.25 408-410 403 430 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
INFY SELL AUG FUT 2981.6 3000-3010 3040 2920 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
 
In a volatile trading day the key benchmark indices closed negative at the end of the session. Market was red in the morning hour trade. Key indices trimmed intraday losses in early afternoon trade and hovered in red in mid-afternoon trade. High volatility was witnessed in late trade as the Sensex slipped into the red after regaining positive terrain. Realty and Metal stocks gained in choppy trade while Auto, IT and FMCG indices closed negative. The market breadth was positive.
 
Regenerate OTP
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