Equity Report Outlook|24 carat financial services | 18 September 2017

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Equity tips:-

NIFTY:-

          Nifty clocks record close; HDFC Bank, Bajaj Auto and HUL hit record high  

NiftyTips
  • Nifty ended today’s trade at record close at 10,153 level gaining 67 points and BSE Sensex closed higher by 151 points at 32,423 levels.
  • Bharti Infratel was the top Nifty gainer. The stock ended higher by 4.55% at Rs 391 per share.
  • Nifty bank closed above 25000 level for the first time since Aug 2, 2017. The index closed higher by 0.82% at 25,046 levels. 
  • HDFC Bank closed higher by 0.60% at Rs 1860 per share, Bajaj Auto closed higher by 3.57% at Rs 3129.80 per share and Hindustan Unilever closed higher by 2.77% at Rs 1280 per share.
  • BSE Mid-cap index closed higher by 0.73% at 16,089. BSE Small-cap index closed higher by 0.87% at 16,833. India VIX closed lower by 2.01% at 11.4 .
  • There were 1011 advances, 658 declines and 309 unchanged stocks on NSE reflecting a positive undertone floating in the market.
  • Bharti Infratel, Bajaj Auto and Indiabulls Housing Finance are the top Nifty gainers, whereas Tata Steel, ONGC and Tata Power Company are the top Nifty losers.
  • Tyre stocks were buzzing on the bourses on today’s trade. Tyre stocks namely MRF closed higher by 0.68% at Rs 64,870 per share, Balkrishna Industries closed higher by 4.20% at Rs 1,745 per share, CEAT closed higher by 1.70% at Rs 1,791 per share. 

Market Snap:-

 Sector Watch:-

    Index View-:

    NIFTY:-

nifty tips
  • In Monday’s trading session Benchmark Indices Nifty opened on a gap up note and traded with positive sentiments and ended at 10,153 level gaining 67 points. Bharti Infratel was the top Nifty gainer. The stock ended higher by 4.55% at Rs 391 per share.
  • Nifty index made it all time high today @ 10171.70. 
  • Nifty index has crossed its major resistance levels of 10138 and trading above it on daily chart. 
  • In next trading session further upside movement can be observed in it and it can test up side levels of 10200 & 10240 while down side 10130 with act as good support level.

 

 BANKNIFTY:-  

BankNifty
  • The Nifty Bank index opened on gap up note & traded with positive sentiments throughout the day and closed above 25000 level for the first time since Aug 2, 2017. The index closed higher by 0.82% at 25,046 levels.
  •  HDFC Bank closed higher by 0.60% at Rs 1860 per share .
  • Nifty Bank index has crossed its major resistance levels of 25000 and trading above this levels.
  •  In next trading session further upside movement can be observed in it and it can test up side levels of 25150 & 25250 while down side 24940 with act as good support level.
     

    Gainers/Loser:-

    GAINERS - NSE  

    Losers - NSE

     

    Buzzing Stocks:-

    Closing Bell: 

    Gainers: Infratel, Bajaj Auto (+4%), Indiabulls HF HUL (+3%). Losers: Tata Steel, ONGC, Tata Power (-1%). 

    Nifty Bank Index closes above 25,000 for the 1st time since Aug 2, 2017. IndusInd (+2.5%), Kotak Bank, Axis Bank, Federal Bank, Yes Bank (+1%).  

    Cadila Healthcare stock gains 1% on USFDA nod for Oseltamivir powder. 

    Vascon Engineers hits over two-month high on order win. Stock rallies 10.5%.

    Punj Lloyd bags order from Ministry of Defence. Stock zooms 4%.  

    Allahabad Bank stock up 1% on back of proposed merger with subsidiary.

    Nucleus Software Exports stock spurts 4% on deal with Atlas Finance. 

    Market News:-

                       HPCL to invest Rs 61K crore in 5 years 

    • State-owned oil marketing company, HPCL is planning to invest Rs 61,000 crore over the next five years to scale up its business operations to tap the huge energy demand in the country, reported a leading news agency.
    • The company will invest more Rs 7,110 crore in the current fiscal, which is 11% of the total planned capital expenditure of Rs 61,000 crore in five years ending 2022. The company’s capital expenditure stood at Rs 5,860 crore in the last fiscal.

    • In the last one year, the company’s shares have increased over 70% amid the talks of its merger with exploration giant Oil and Natural Gas Corp (ONGC).  

    • The shares of Hindustan Petroleum Corporation surged to hit the intraday high of Rs 460 per share, up by Rs 7.8 per share or 1.72%. BSE Oil and Gas index was trading at 15,249 level, up by 0.13% or 19 points. Meanwhile, Nifty was trading at 10,160 level, up by 74 points while Sensex was trading at 32,464 level, up by 191 points as of 1442 hours.

      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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