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08 Dec 2016 | 10:35 PM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – We reiterate our view, till the index is sustaining above 6150 level on a closing basis, bullish momentum will persist.
23 Oct 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - We reiterate our view, till the index is sustaining above 6150 level on a closing basis, bullish momentum will persist.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21100 20950 20864.97 20730 20600
NIFTY 6270 6230 6202.80 6150 6100
BANK NIFTY 11050 10900 10809.10 10760 10650
CNXIT 9020 8960 8915.15 8860 8800
 
Corporate News

Yes Bank net profit rose 21.25% to Rs 371.13 crore on 30.24% increase in total income to Rs 2947.39 crore in Q2 September 2013 over Q2 September 2012.

Wockhardt said it has received a communication from UKMHRA, whereby the agency has decided to withdraw the previously issued GMP Certificate to the firm's manufacturing facility.

Lupin said it has received final approval from USFDA for its supplemental new drug application for Antara capsules.

JK Lakshmi Cement net profit fell 79.75% to Rs 10.30 crore on 8.65% decline in total income from operations to Rs 448.87 crore in Q2 September 2013 over Q2 September 2012.

Rallis India consolidate net profit rose 21.42% to Rs 74.75 crore on 24.07% growth in total income from operations to Rs 602.40 crore in Q2 September 2013 over Q2 September 2012.

Results on October 23, 2013:

Exide Industries, Hind Zinc, Power Grid, Raymond, Ambuja Cement, Hero MotoCorp, ACC, Jet Airways, Emami
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BIOCON BUY 335 331-332 327 350 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HEROMOTOCO SELL OCT FUT 2071.9 2080-2085 2115 2010 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
 
In a highly volatile session the key benchmark indices closed negative at the end of the day. Key benchmark indices were slightly higher after seeing alternate bouts of rise and fall in mid-morning trade. Volatility continued as the key benchmark indices drifted lower in negative zone after the noon trade. IT stocks were mostly higher as the rupee hit almost one-week low against the dollar. The market breadth, indicating the overall health of the market, was positive.
 
Regenerate OTP
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