Equity Report Outlook|24 carat financial services | 14 September 2017

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Equity tips:-

NIFTY:-

                                        Nifty closes above 10k for fourth straight day

  • Benchmark indices ended in positive territory on Thursday trade. BSE Sensex closed higher at 32,241 level gaining 55 points or 0.17% and Nifty closed higher by 0.07% or 7 points at 10,086 level.
  • Axis Bank and Tata Motors aided the Nifty 50 index to close in green. Axis Bank closed higher by 4.04% at Rs 519.45 per share and Tata Motors closed higher 3.63% at Rs 403.80 per share.
  • Tata Motors DVR was the top Nifty gainer ending higher by 4.50% at Rs 230 per share. 
  • Nifty Bank closed higher by 0.32% or 80 points at 24,912 levels.
  • BSE Mid-cap index closed higher by 0.18% at 15,339. BSE Small-cap index closed higher by 0.28% at 16.098. India VIX closed lower by 2.42% at 11.47. 
  • There were 756 advances, 714 declines and 56 unchanged stocks on NSE reflecting a mixed undertone floating in the market. 
  • Tata Motors DVR, Axis Bank and Sun Pharma are the top Nifty gainers, whereas Wipro, Vedanta and GAIL are the top Nifty losers.
  • Rice stocks were buzzing on the closing hours of trade. Rice stocks namely Kohinoor Foods closed higher by 12.90% at Rs 78.75 per share, KRBL closed higher by 2.08 % at Rs 495.75 per share.
  • The stock also hit new 52-week high at Rs 499.80 per share. LT Foods closed higher by 4.88% at Rs 69.80 per share and Chaman Lal Setia Exports closed higher by 1.54% at Rs 92.30 per share.
  • Thermax Ltd. closed higher by 6.28% at Rs 955 per share. The company won a contract worth USD 43 million (Rs 276 crore approximately) from a leading cement company in the UAE for a turnkey captive power plant.

Market Snap:-

 Sector Watch:-

 

Index View-:

NIFTY:-

NiftyTips
  • In Thursday’s trading session Benchmark indices Nifty ended in positive territory. Nifty closed higher by 0.07% or 7 points at 10,086 level. Axis Bank and Tata Motors aided the Nifty 50 index to close in green. Axis Bank closed higher by 4.04% at Rs 519.45 per share and Tata Motors closed higher 3.63% at Rs 403.80 per share.

  • Nifty gained some momentum in the opening session to march gradually towards the recent high of 10131. However, we saw some strong profit booking in the broader market in later part of the market to pull the index well below the 10100 mark .

  • Nifty made its attempt to retest the yesterday high; but, some decent profit booking dragged the index lower from a kissing distance. Going ahead, we would expect some kind of consolidation in a range of 10030– 10138 with slightly higher volatility.

  • In next trading session some profit booking can be observed from higher levels and it can test down side levels of 10030 & 10000 if it breaches its next support level of 10060 while up side 10138 will act as a good resistance level to watch.



 BANKNIFTY:-  

BankNifty
  • The Nifty Bank index opened yesterday's session on a positive note and traded with a positive bias. However, the index lost the gains in last hour of the trade and ended the day @ 24912 level, up by 72 points or 0.32% Post the recent breakout; some of the private sector & public sector heavyweights have seen a positive momentum with decent volumes. This has led to a positive momentum in the Nifty Bank index too. So far there is no sign of any reversal in the index as well as the heavyweights.

  • In next trading session further up side movement can be observed in Nifty Bank Index and it can test up side levels of 25050 & 25150 if it crosses its next resistance level of 25000 while down side 24800 will act as a good support level to watch.

Gainers/Loser:-

GAINERS - NSE  

 Losers - NSE

Buzzing Stocks:-

Closing Bell: 

Closing Bell: Gainers: Tata Motors (+4.5%), Axis Bank, Adani Ports (+4%).
 Losers: Wipro (-4%), Vedanta, GAIL (-2%). 

Nifty Auto Index trades in green. Tata Motors (+4%), Bharat Forge (+3%). Nifty PSU Bank Index surge. 

Bank of India (+3%), Canara Bank, OBC, BoB (+2%), PNB (+1.5%).  

Rice stocks gain. Kohinoor Foods (+12.5%), LT Foods (+6%), KRBL (+3%).

M&M hikes price of NuvoSport, TUV300 SUV by up to 1.2% each, as per media reports. Stock down 1%. 

Panacea Bio to demerge realty business into a separate listed company. Stock up 1%. 

Nifty Metal Index drops 1%. Vedanta, NALCO (-2%), Hindalco, MOIL, Tata Steel, Hindustan Zinc (-1%).  

IDFC stock gains 3.5% after 10 lakh shares trade in a block on BSE at Rs 60.25/sh. 

Railway may rope in NBCC to develop more stations; Stock rises 2%.

HFCL hits fresh 52-week high after exit from CDR mechanism. Stock soars 5%. 

NGT refuses to lift ban on 10-year-old diesel vehicles in Delhi-NCR.

 BHEL stock jumps over 5.5% on reports the company will make rolling stock for Bullet Train.

RCom stock slips 2% as Ericsson files insolvency case. 

Thermax at 1-month high on $43-mn order from UAE company. Stock spurts 3%. 

Wipro stock slips 4% as stock trades ex-buyback.

 Sun Pharma crosses its 50-DMA and is trading at a 5-week high. Stock rallies 3%.

Market News:-

                             Rice stocks buzzing on Thursday

  • The share of rice stocks were buzzing after the lunch hour during Thursday’s trading session amid almost flat markets. 
  • The share of Kohinoor Foods was trading up by 11.40% at Rs 77 per share on BSE at 1457 hours. The stock also witnessed a spurt in volume by more than 9.15 times. The stock has attracted a total traded volume of 13,83,485 shares and traded value of Rs 1,069.99 lakh on NSE
  • The share of the KRBL was trading up by 2.34% at Rs 497 per share on BSE at 1453 hours. The stock witnessed a spurt in volume by more than 1.92 times on Thursday. The stock also hit new 52-week high at Rs 499.80 per share.
  • The stock of LT Foods was trading up by 5.03% at Rs 69.90 per share on BSE at 1503 hours. The stock has witnessed a spurt in volume by more than 4.75 times. The stock has attracted a total traded volume of 24,70,358 shares and traded value of Rs 1,716 lakh on NSE.
  • The share of Chaman Lal Setia Exports was trading up by 3.41% at Rs 94 per share on BSE at 1500 hours. The stock touched its intraday high and low at Rs 94.85 per share and Rs 90.10 per share, respectively.
  • Meanwhile, the major benchmark indices Sensex was trading up by 0.22% at 32,256 level and Nifty was trading up by 18 points at 10,093 level.  

  If you want to more information regarding the Stock tips,commodity tips, nifty tips missed call   @ 9069102223 or fill form http://24cfin.com/free-trial


Location: India

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