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22 Oct 2016 | 6:26 PM
Research Report

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Nifty uptrend is expected continue, 6010 levels should be watched as crucial support.
24 Jul 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Keeping the chart formation and supporting indicators in mind, one should keep cautious view for existing long trades and keep trailing stop losses on every rise.
Key Indices – Levels to watch out for the day
SENSEX 20390 20270 20159.12 20060 19900
NIFTY 6110 6070 6031.80 6000 5950
BANK NIFTY 11320 11140 11086.95 11030 10940
CNXIT 7650 7600 7556.55 7500 7470
Corporate News

L&T net profit declined 12.46% to Rs 756.03 crore on 3.69% growth in total income to Rs 13027.66 crore in Q1 June 2013 over Q1 June 2012. The order inflow in the quarter was at Rs 25,159 crore, improving 28%. Order book as on June 30 stood at Rs 1.65 lakh crore.

Reliance Industries Ltd (RIL) will invest $5.1 billion (Rs 30,290 crore) in the next three years in its US shale gas business, taking the total investment in the business to $10.8 billion.

Federal Bank net profit declined 44.49% to Rs 105.66 crore on 12.52% growth in total income to Rs 1869.05 crore in Q1 June 2013 over Q1 June 2012.

Blue Star net profit rose 10.85% to Rs 22.77 crore on 5.38% growth in total income from operations to Rs 770.82 crore in Q1 June 2013 over Q1 June 2012.

Tata Power said it is developing a 28.8 MW photovoltaic-based solar project in Maharashtra.

Results on 23rd July 2013: Tata Elxi, L&T Finance, Century Textiles, Tata Sponge Iron, Shriram transport , GHCL, Mahindra Forgings

    Trading/ Investment Ideas
Technical Calls
Recommendation CMP Initiation
Target Time
POWERGRID BUY 111.15 109-110 107.50 116 3-5 DAYS
Derivatives Call
Recommendation CMP Initiation
Target Time
SINTEX BUY AUG FUT 37.6 36.5-37.0 35.0 41.0 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 closed flat after witnessing intraday volatility. The Sensex reversed initial losses and moved into positive zone in morning trade. The Sensex extended intraday gains in early afternoon trade. Key benchmark indices trimmed intraday gains in mid-afternoon trade after weak Q1 results from L&T sent the stock tumbling. The stock tumbled over 7%. Weak Q1 results from L&T had ripple effect on shares of power equipment major Bharat Heavy Electricals (Bhel), which also fell sharply.
Regenerate OTP
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