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Equity tips:-

Nifty ends above 9,900 mark

Markets ended in positive territory after a range bound intraday trade. Nifty ended gaining 33 points at 9,917 level and BSE Sensex closed higher gaining 84 points at 31,730 level.
Wipro is the top Nifty gainer closing higher by 2.28% at Rs 297.85 per share.
Reliance, HDFC and Maruti were the top index gainers in Thursday’s trade. Reliance Industries closed higher by 2.02% at 1,595 per share, HDFC closed higher by 1.11% at Rs 1,779 per share and Maruti Suzuki gained 1.67% at Rs 7,696 per share.
BSE Mid-cap index closed higher by 0.22% at 15,539. BSE Small-cap index closed higher by 0.84% at 16,001. India VIX closed lower by 7.2% at 11.9.
There were 974 advances, 656 declines and 332 unchanged stocks on NSE reflecting a positive undertone floating in the market.
Wipro, Maruti Suzuki and Tata Power are the top Nifty gainers, whereas Bosch, Bharti Infratel and Coal India are the top Nifty losers.
Defence stocks were buzzing during Thursday’s trading session amid volatile market ahead of August derivative expiry. Defence stocks namely Astra Microwave Products closed higher by 3.13% at Rs 130 per share, Reliance Defence and Engineering closed higher by 6.86% at Rs 57.65 per share and Walchandnagar Industries closed higher 2.84% at Rs 144.85 per share.
The share of Bombay Dyeing and Manufacturing Company was buzzing on Thursday’s trading session amid volatile market. The stock breached upper circuit at Rs 114.80. It also traded new 52 week high at Rs 114.80 per share on Thursday. The stock closed higher by 9.96% at Rs 114.80 per share.

Index View:-

NIFTY:-

NIFTY

Nifty August Series closed below a strong Resistance at level 9917.9. Nifty is looking bullish on long-term charts as daily chart shows strong up trend. In short term Nifty is in consolidation phase. In today’s trading session Nifty traded with positive movement and closed with overall gain of 0.35%. Nifty is trading between its 21 day and 50 day moving averages on daily chart. Nifty is also forming ascending triangle pattern. In upcoming trading sessions up side movement can be seen in it and it can test up side levels of 9970 & 10000 if it Breaks its next resistance level of 9940 while down side 9870 will act as a good support level.

BANKNIFTY:-

BANKNIFTY

Bank Nifty August Series closed below a strong Resistance at level 24318.40. Bank Nifty is looking bullish on long-term charts as daily and weekly chart shows strong up trend. In short term Bank Nifty is in consolidation phase. In today’s trading session Bank Nifty traded with positive movement and closed with overall gain of 0.04%. Bank Nifty is trading Above its 21 day and 50 day moving averages on daily chart. Bank Nifty is also forming Classical Ascending Triangle pattern . In upcoming trading sessions up side movement can be seen in it and it can test up side levels of 24550 & 25200 if it Breaks its next resistance level of 24480 while down side 23925 will act as a good support level.

Market Snap:-

Fund Flow :-

FII/DII ACTIVITY

Gainers/Losers:-

GAINERS:-

LOSERS:-

Buzzing Stocks:-

Closing Bell:-

Gainers: Wipro, RIL, Tata Power (+2%).

Losers: Bosch, Infratel Coal India (-2%).

Defence stocks gain on heavy volumes. Reliance Defence (+7%), Walchandnagar Ind (+3%).

Fortis Healthcare stock dips 5% as SC bars promoters from selling pledged shares.

Nifty Auto Index trade in green after Cabinet approved cess hike on large cars. MRF, Maruti Suzuki Apollo Tyre (+2%), Bajaj Auto, Eicher (+1%).

Saab to tie-up with Adani to build Gripen fighter in India. Adani Ent stock up 1.5%.

Infibeam: Stock Split, sub-division of 1 Equity Share of Rs 10 each to 10 equity shares of Rs 1 each.

DCB Bank says reports w.r.t Aga Khan & Habib Khan has no impact on operations of bank. Stock falls 3%.

Ajmera Realty Q1 FY18 (YoY): PAT at Rs 14 Cr vs Rs 7 Cr. Revenue at Rs 89 Cr vs Rs 28 Cr. Stock up 10%.

Bharat Forge trades below its 50-day EMA. Immediate support is placed at 1122. Stock down 1%.

Ujjivan stock rises 2.5% after 4.9% stake buy by Cinnamon Capital.

Biocon stock down 1.5% as US FDA target action date for Trastuzumab reset to Dec 3 from Sept 3.

Market News:-

Chinese Steel futures rise post good PMI

Chinese rebar Steel futures posted their fourth consecutive monthly gain and increased nearly 2% on Thursday. The steel futures started gaining grounds after the data showed growth in the country's manufacturing sector sped up in August, supporting the outlook for steel demand. Iron ore futures rose almost 4% increasing for a third straight month. China's Purchasing Managers' Index (PMI) increased to 51.7 this month from July's 51.4, topping market expectations and staying well above the 50-point mark that separates growth from contraction on a monthly basis. Separate data showed expansion in the world's biggest Chinese steel industry in August at the fastest pace since April 2016 as mills boosted output to chase rising prices. On the Indian bourses, Nifty Metal index ended flat at 3,476 level in Thursday’s trading session in line with the major indices in the market. National Aluminium Company was top gainer in the index closed at Rs 72.25 per share, up by more than 4%. Other metal stocks including Welspun Corporation, Vedanta, Hindalco and NMDC were also trading in positive territory.

Swan Energy signs agreement with MOL

Swan Energy announced that its fully-owned subsidiaries i.e, Swan LNG Pvt Ltd and Triumph Offshore Pvt Ltd have entered into agreements for India’s first LNG dedicated FSRU port project at Jafrabad, Gujarat. The agreement was signed with Mitsui OSK Lines (MOL), a well established and experienced shipping company, specialised in the operation of LNG carriers (LNG), floating storage units (FSU) and floating storage regasification units (FSRU). The said agreement was signed for the operation and maintenance of FSRU between SLPL and Regas Venture India One Pvt Limited. Meanwhile, the stock was trading lower by 1.56% at Rs 142.40 per share on BSE at 1435 hours. It opened at Rs 145.35 per share. The stock attracted a total traded volume of 1,40,083 shares and traded value of Rs 200.53 lakh on NSE at 1434 hours. The stock’s 52-week high was at Rs 213.85 as on December 14, 2016 and 52-week low was at Rs 58.80 as on September 29, 2016.

Hindustan Unilever touches fresh 52-week high

Hindustan Unilever has touched its fresh 52-week high of Rs 1,217.9 per share, up by 1.13% in the post-lunch hours on Thursday. The stock has attracted a traded volume of 7,35,651 shares and traded value of Rs 88.63 crore as of 1446 hours. The stock was the top gainer on the Nifty FMCG index. The stock was outperforming the Nifty FMCG index in the closing hour. The index was trading at 25,770 level, up by 12 points or 0.05%. Hindustan Unilever Limited is engaged in fast-moving consumer goods business comprising home and personal care, foods and refreshments.Other FMCG stocks including Jubilant Foods, Colgate, Tata Global, Mario and P&G and Dabur were also trading in positive territory. However, Godrej Industries, UBL, GSK, Britannia and ITC were trading in negative territory underperforming the index. Meanwhile, Nifty was trading at 9,904 level, up by 20 points while Sensex was trading at 31,698 level, up by 52 points. There were 961 advances, 659 declines and 342 unchanged stocks on NSE reflecting mixed sentiments floating in the market.

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