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06 Dec 2016 | 5:01 PM
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Equity Research Report: Religare Morning Digest

Going ahead, the PSU banking stock will play a major role in deciding the move of the index in the near term.
14 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Going ahead, the PSU banking stock will play a major role in deciding the move of the index 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 19500 19380 19229.84 19080 18930
NIFTY 5790 5750 5699.30 5650 5600
BANK NIFTY 10220 10090 9985.65 9910 9700
CNXIT 8150 8000 7976.25 7940 7870
 
Corporate News

Mahindra & Mahindra Ltd reported a 13.46% increase in its consolidated net profit to Rs 1,164.6 crore for the first quarter ended June 30, riding on a good performance by its farm equipment segment and cost-control measures. The company had posted a consolidated net profit of Rs 1,026.4 crore for the same period in the previous fiscal. The company’s consolidated income increased to Rs 19,356.03 crore in the April-June quarter, from Rs 17,670.81 crore during the same period last year.

Tech Mahindra will invest around Rs 1,000 crore over the next three years to expand its infrastructure capacity and augment its delivery capabilities.

Nitin Fire Protection Industries board has approved the proposal of buying back equity shares of the company at a price not exceeding Rs 66.60 per equity share. The total buyback amounts will not exceeding 10% of total paid-up capital and free reserves of the company as at 31 March 2013.

Hindustan Copper net profit fell 61.32% to Rs 18.57 crore on 26.91% fall in total income to Rs 245.75 crore in Q1 June 2013 over Q1 June 2012.
Results on 14 August 2013: ABG Shipyard, Amara Raja Batteries, Bartronics, Bhushan Steel, Essar Oil, Wockhardt.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DENABANK BUY 47.8 47-47.5 46 52 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CANBK BUY AUG FUT 251.4 246-248 239 267 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
 
Key benchmark indices surged as the rupee recovered in choppy trade after the government raised import duty on gold and silver ahead of peak festival-season demand as part of efforts to curb dollar outflows and narrow a wide current-account deficit. Realty, Banking and Auto stocks performed better and its BSE indices closed 4.46%, 2.92% and 2.32% up respectively. Mahindra & Mahindra edged higher in volatile trade after the company announced good Q1 results. The market breadth, indicating the overall health of the market, was strong.
 
 
Regenerate OTP
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