Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
08 Dec 2016 | 1:52 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day –It is important that Nifty recovers from the current levels and sustains above 6100 mark else selling may continue in the near term.
12 Nov 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day –It is important that Nifty recovers from the current levels and sustains above 6100 mark else selling may continue in the near term.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20700 20620 20490.96 20340 20160
NIFTY 6150 6120 6078.80 6030 5970
BANK NIFTY 11100 11000 10758.45 10650 10480
CNXIT 9050 9000 8962.85 8920 8870
 
Corporate News

Vijaya Bank has reported a 10.41 per cent growth in profits at Rs 136.22 crore for the second quarter (Q2) of the financial year 2013-14 compared with Rs 123.37 crore in the same period last year.

MCX reported over three-fold drop in its standalone net profit at Rs 27.04 crore in the second quarter of the current fiscal due to lower income and higher expenses. Dena Bank is planning to raise Rs 600 crore through qualified institutional placement (QIP) after it receives capital from the Government, which is expected to happen by December-end.

Finolex Cables has posted a net profit of Rs 79.9 crore during the second quarter of FY’14 against Rs 57.5 crore in the same period last year, indicating a rise of 39 per cent year-on-year. Net sales of the stood at Rs 593 crore and Rs 586 crore, respectively.

Apollo Tyres jumped 4.05% on BSE after a US judge ruled that the Indian firm did not breach its obligation to close its $2.5 billion buyout of US-based Cooper Tire & Rubber Company.

Economy

India's trade deficit jumped in October after having fallen to a two-and-a-half-year low the previous month, as overseas purchases of gold picked up ahead of the festival season, provisional government data showed on Monday. The deficit for the month stood at $10.56 billion, compared with $6.7 billion in September. Merchandise exports rose 13.47 percent year-on-year in October to $27.27 billion. Imports fell 14.5 percent year-on-year to $37.83 billion.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BHARATFORG SELL FUT 289.1 292-295 298 280 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ASIANPAINTS SELL NOV FUT 551.5 555-557 565 537 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 on the last trading session of the week as weakness in European and Asian stocks hit sentiment adversely on the domestic bourses. BSE Consumer Durables index plunged more than 2%. BSE Bankex and Oil&Gas indices also closed negative. BSE Realty and Capital Goods indices closed 1.27% and 1.15% up respectively. The market breadth, indicating the overall health of the market, was negative.
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.