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09 Dec 2016 | 12:20 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day - Keeping in mind the index movement in last three sessions, we expect consolidation to continue on Wednesday also.
09 Oct 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Keeping in mind the index movement in last three sessions, we expect consolidation to continue on Wednesday also.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20200 20080 19983.61 19840 19660
NIFTY 6000 5950 5928.40 5880 5820
BANK NIFTY 10450 10260 10141.45 10000 9870
CNXIT 8600 8470 8435.00 8380 8330
 
Corporate News

IVRCL’s water division has bagged orders worth Rs 1423.31 crore.

NTPC reported that its Unit-VI of 500 megawatts of Rihand Super Thermal Power Project has been commissioned on 7 October 2013.

Tata Power’s wholly-owned subsidiary signed an agreement for acquiring 39.20 megawatts wind farm in Gujarat.

L&T won new orders worth Rs 1605 crore across various business segments.

Jet Airways fell 4.3% on reports the Supreme Court sought Centre's response on the approval given to Jet-Etihad Airways deal.

DLF completed the sale process of its 33-MW wind turbines project in Rajasthan to Violet Green Power for Rs 67.44 crore.

Economy News

Passenger car sales declined 4.7% during April-September, the sharpest decline in half-year sales since 2002-2003, according to the data released by the Society of Indian Automobile Manufacturers (SIAM). The sales of motorcycles rose 17.4% in September to 8.85 lakh units proved to be a silver lining for the struggling auto industry. Sales of commercial vehicles continued to remain subdued with truck and bus segment posting a 27% to 51,680 units in the first six months of the current fiscal.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MCLEODRUSS BUY 267.2 260-263 255 282 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AMBUJACEM SELL OCT FUT 195.1 197-199 203 186 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 closed positive at the end of the session due to buying support in Realty and Capital Goods segment. Market opened firm in the morning trade as The Reserve Bank of India's (RBI) surprise decision on Monday evening to improve liquidity conditions in the banking system. The RBI announced a reduction in the marginal standing facility (MSF) rate by 50 basis points to 9% with immediate effect. BSE Sensex, moved past the psychological 20,000 level. Market off highs during the afternoon trade. The Sensex fell below the psychological 20,000 level.
 
Regenerate OTP
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