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21 Oct 2016 | 7:17 AM
Research Report

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Going ahead, 5180-5220 zone would be crucial to watch but as of now, maintain the negative bias.
28 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Going ahead, 5180-5220 zone would be crucial to watch but as of now, maintain the negative bias.
Key Indices – Levels to watch out for the day
SENSEX 18190 18070 17968.08 17850 17700
NIFTY 5360 5320 5287.45 5250 5200
BANK NIFTY 9150 9030 8870.50 8800 8580
CNXIT 8070 8020 7975.80 7930 7850
Corporate News

Amara Raja Batteries Limited has drawn a strategy blueprint to carve out a dominant position in the Indian storage battery sector. The largest investment since its inception–an over Rs 700-crore project comprising both brownfield expansion at the existing facility in Tirupati and a greenfield facility near Chittoor. The proposed expansion is expected to be completed by FY15.

Mahindra & Mahindra announced that its small commercial vehicles portfolio has touched a new milestone, crossing 12 lac mark of Indian roads suitable for varied customer needs across urban and rural India.

IDFC plunged 16.5% with the stock extending Monday's slide after the company barred fresh purchases of its shares by foreign investors.
Economy News

The rupee dropped to yet another life-time low of 66.24 in intra-day trade on heavy month-end demand for dollar from banks and oil importers amid a sharp fall in the domestic equity market. Persistent month-end dollar demand from importers mainly oil refiners amid sustained foreign capital outflows from the equity market pulled down the rupee value.
    Trading/ Investment Ideas
Technical Calls
Recommendation CMP Initiation
Target Time
SAIL SELL FUT 45 BELOW 44.85 46 42 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
Indian markets nosedived more than 3% on heavy selling by FIIs as the rupee tumbled to a life-time low of 66.24 amid concerns that the Food Security Bill would raise the subsidy burden. The market edged lower in early trade. It extended losses and hit fresh intraday low in morning trade. It further extended losses and hit fresh intraday low in early afternoon trade. Weakness prevailed in afternoon trade as a weak opening in European equity markets dampened investor sentiment. The market breadth, indicating the overall health of the market, was weak.
Regenerate OTP
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