Equity Report Outlook|24 carat financial services | 15 September 2017

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Equity tips:-

NIFTY:-

                                               Markets end flat amidst geopolitical tensions 

  • Nifty ended at 10,085 level, down by one point after trading in a narrow range, while Sensex closed at 32,272 level, up by 30 points. There were 675 advances, 970 declines and 317 unchanged stocks on NSE, reflecting fairly negative sentiments floating in the market.
  • Escalating geopolitical tensions weighed on the Indian markets, but bourses managed to close flat amidst volatility. India VIX index was up by 1.8% at 11.67 level. It touched an intraday high of 12.01, up by 4.7%.
  • TCS has now become the second most valued company on the BSE after Reliance Industries Limited. It has crossed HDFC in terms of market cap by around Rs 1,950 crore during Friday’s trading session. TCS ended at Rs 2,498.55 per share, up by 0.54% while HDFC Bank closed at Rs 1,849.35 per share, up by 0.33% on BSE. 
  • BSE Power index was the top losing index, which closed at 2,288 level, down by 20 points or 0.9%. BHEL was the top loser on the index, ending at Rs 132.05 per share, down by 3.89%.
  • In the broader markets, BSE Mid-cap index closed at 15,935 level, down by 0.63% while BSE Small-cap index closed at 16,538 level, down by 0.48%. 
  • Bank Nifty ended at 24,844 level, down by 67 points or 0.27%. Federal Bank was the top gainer on the index closing at Rs 115.5 per share, up by Rs 0.95 per share or 0.83%.
  • BSE Information Technology index was the top gaining index, which closed at 10,070 level, up by 1.04%. TV Select was the top gainer on the index, ending at Rs 222.7 per share, up by 18.52%.

Market Snap:-

 Sector Watch:-

Index View-:

NIFTY:-

NiftyTips
  • In Friday’s trading session Benchmark Indices Nifty ended at 10,085 level, down by one point after trading in a narrow range. Escalating geopolitical tensions weighed on the Indian markets, but bourses managed to close flat amidst volatility.
  • With some profit booking taking place near historical highs the Nifty once again closed below the 10100 mark after making yet another attempt to kiss the high of 10115.50.
  • The kind of activity we are observing since last couple of days is quite obvious as traders seemed a bit unsure whether the market has the strength to cross record highs or not. Hence, the next round of momentum in the upward direction is possible only after surpassing this hurdle. Until then we are likely to witness similar kind of uncertainty in a range of 10030 – 10138 with slightly higher volatility. 
 

 BANKNIFTY:-  

Banknifty
  • The Nifty Bank index traded in a narrow range & ended at 24,844 level, down by 67 points or 0.27%. Federal Bank was the top gainer on the index closing at Rs 115.5 per share, up by Rs 0.95 per share or 0.83%.
  • Since last four trading sessions, the Nifty Bank index has crept higher with narrow range candles and there has been a stock specific momentum within the sector. ·The recent breakout zone of 24500 is now a support for short-term whereas the resistance is seen around the recent high of 24995.
  • Intraday traders are advised to buy Bank Nifty on declines. The intraday supports for the Nifty Bank index are placed around 24810 and 24735 whereas resistances is seen in the range of 24995-25025.

Gainers/Loser:-

GAINERS - NSE  

Losers - NSE

Buzzing Stocks:-

Closing Bell: 

Gainers:  ONGC (+4%), Bajaj Auto (+3.5%) Coal India (+2%).
 Losers:   Dr.Reddy's (-2%), IndusInd Aurobindo (-1%). 

BSE Power Index down 1%. BHEL (-3%), PTC, CG Power Power Grid (-2%), Adani Power (-1%).  

Tata Comm stock up over 1% on media reports Telecom Secretary says finalising cabinet note on monetising VSNL land..

Automotive Axles hits record high. Stock jumps over 5.5%.  

Aditya Birla Capital stock gains; moves to rolling segment.

UK drug maker Indivior files patent lawsuits against Dr Reddy’s Lab. Stock dips 2%.

Bombay Dyeing hits 5% upper circuit. Stock up 170% in last 5- weeks.

TTML stock drops 6% as Group mulls winding down of business. HEG stock hits upper circuit of 10% for the second straight day.

 Stock zooms over 100% in 3- months on growth prospect.

 Manpasand Beverages surges 29% in 9 days post tie-up with Parle Products. 

Market News:-

                                Tata Elxsi to turn ex-bonus on Monday

  •  The shares of Tata Elxsi were trading higher as the shares of the company will turn ex-bonus on Monday. The company has set September 19, 2017 as record date and September 18, 2017 as ex-date for the purpose of issue of bonus share in the ratio of 1:1. 
  • The stock of Tata Elxsi was trading up by 0.47% at Rs 1,831 per share on BSE at 1427 hours. The stock opened at Rs 1,811.35 per share. The stock touched its intraday high and low at Rs 1835 and Rs 1,811.35 per share, respectively. 
  • The stock has attracted a total traded volume of 4,20,212 share and traded value of Rs 7,687 lakh on NSE at 1431 hours. Its 52-week high stood at Rs 1,839.95 per share as on September 13, 2017 and 52-week low was at Rs 1,021.25 per share as on November 22, 2016.  
  • The company’s standalone revenue for the Q1FY18 came in at Rs 323 crore, registering a marginal decline of 1.2% QoQ.PAT for the quarter came in at Rs 49.7 crore, QoQ increase of 14.3%. This was due to other income of Rs 7.9 crore as against Rs 2.9 crore loss in the previous quarter.

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Location: India

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