Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
05 Dec 2016 | 4:45 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Volatility is expected to continue on account of monthly expiration of derivatives contracts on Thursday.
29 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Volatility is expected to continue on account of monthly expiration of derivatives contracts on Thursday.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 18220 18100 17996.15 17800 17650
NIFTY 5360 5320 5285.00 5220 5170
BANK NIFTY 9150 8950 8760.85 8640 8500
CNXIT 8280 8220 8175.30 8100 8050
 
Corporate News

ITC Ltd board has approved the demerger of the non-engineering business of subsidiary Wimco Ltd and the related scheme of arrangement. The members of Wimco Ltd will be entitled to two ordinary shares of Re 1 each of ITC for every 77 equity shares of Re 1 each of Wimco Ltd held by them.

SPML Infra Ltd has won new orders worth Rs 1,802 crore from Bihar and Rajasthan for various works, including rural electrification and water supply.

Jaiprakash Associates surged 4% on reports that UltraTech Cement is close to buying the company's Gujarat cement plant for about Rs 3700 crore.

Strides Arcolab jumped 6.7% after the Foreign Investment Promotion Board on Tuesday gave its nod for US-based Mylan Inc's proposal to acquire Agila Specialties-a subsidiary of Strides Arcolab.

Jindal Steel and Power board meet on 30 August, 2013, to consider a proposal for buy-back of equity shares of the company.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
JINDALSTEL BUY 238.45 233-234 226 252 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
UNIPHOS SELL SEP FUT 144.4 146-148 152 135 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
 
Strong intraday rebound seen on buzz of LIC buying in the market. IT stocks gained on a weak rupee, with TCS and HCL Technologies hit record high and Infosys and Wipro hit 52-week high. The market dropped in early trade as Asian stocks fell on fears of a possible US military strike in Syria. The market continued to trade well off the day's low in mid-afternoon trade. High volatility was witnessed as the Sensex trimmed gains after reversing intraday losses to move into positive zone from negative zone in late trade.
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.