Equity Report Outlook|24 carat financial services | 20 September 2017

Equity tips:-

NIFTY:-

 
Live Stock Market Updates: Nifty tests 10,150; Sensex trades flat

  • Nifty index has been hovering near 10,150 mark in the afternoon hours. Nifty PSU Bank index is top gainer on NSE, trading at 3,295 level, up by 1.55%. Bank of Baroda is top gainer in the index trading at Rs 149.25 per share, up by 3.25%. Andhra Bank is trading higher by 2.66% at Rs 63.7 per share.
  • There are 867 advances, 773 declines and 317 unchanged stocks on NSE reflecting fairly positive sentiments floating in the market.
  • At 3 PM, the S&P BSE Sensex is trading at 32,413 up 10 points, while Nifty is trading at 10,145 marginally down by 2 points. A total of 88stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE. 
  • The BSE Mid-cap Index is trading marginally up 0.05% at 16,119, whereas BSE Small-cap Index is trading up 0.15% at 16,919.
  • Some buying activity is seen in Capital Goods, Healthcare and Realty, while Metal, Pharma, Auto, Information Technology, Telecom are showing weakness on BSE. 
  • Bank of Baroda, Dr Reddy’s Lab, Tata Steel, SBI and ITC are among the gainers, whereas BPCL, Hero MotoCorp, Tata Motors, Ambuja Cements and Hindustan Unilever are losing sheen on NSE.
  • The INDIA VIX is up by 0.91% at 11.57.

  Index View-:

    NIFTY:-

niftytips
  •  In Wednesday’s trading session Benchmark Indices Niy opened on a flat note and traded with sideways movement throughout the day Niy end session on a subdued note at 10,141 level, down by 6 points.
  •  Niy index manages to give closing above its major support level of 10130 on daily chart.
  • we expect the index to gradually move towards 10200 – 10250, which is not far away from current levels. On the other hand, the base has shied higher and hence, 100130 – 10015 would now be seen as a key support zone.

 BANKNIFTY:-   

Banknifty Tips

  • In Wednesday’s trading session Bank Niy index opened on gap down note & traded with sideways movement throughout the day Bank Niy ended at 24,965 level, down by 76 points or 0.31%. Bank of Baroda was the top gainer on the index, closing at Rs 148.1 per share, up by Rs 3.55 per share or 2.46%.
  • Last 2 day's rangebound move does not indicate any reversal and hence, the short-term trend connues to be posive. Intraday declines should be used as a buying opportunity as we expect the Niy Bank index to surpass the recent high of 25105.50. The short-term support for the Niy Bank index is placed around 24850 and 24690 whereas resistances are seen around 25105 and 25250. 

Gainers/Loser:-

  Top Gainers -Nifty 500 :-

 

Top Losers-Nifty 500 :-

Buzzing Stocks:-

Closing Bell:-

 Gainers:- Dr.Reddy’s (+4%), BoB (+2.5%). 
Losers:- BPCL (-2.5%), Hero MotoCorp, Tata Motors (-2%).

Finance Minister says cabinet to transfer three more properties of ITDC Hotels to state governments for redevelopment. Stock hits 20% upper circuit.

RIL plans major expansion at its Jamnagar oil refinery complex, as per media reports.  

BoB stock zooms 3% after 5.1 Cr shares worth Rs 757 Cr trade in a block on BSE at Rs 146.40/sh. 

Tata Steel sign MoU for a 50-50 European steel JV. Stock up 1.5%. 

Granules India's QIP issue opens; Floor price at Rs 127.63/share.

NBCC received oder worth Rs 4,000 Cr order for housing complex for excise dept in Mumbai. Stock up 3%. 

ONGC stock rises 1% as company plans to explore new well in Bombay Basin. 

Divi's Lab stock surge over 9% after resolving previous observations of facility with USFDA.  

Market News:-

                 NBCC bags Rs 4,000 crore order in Mumbai

  • EPC company,NBCCannounced on September 20 that the company received order worth Rs 4,000 crore order to build a housing complex for excise department in Mumbai. The company hit its record high of Rs 221.10 per share, up by around 3% on the BSE on Wednesday.
  • The stock also witnessed a spurt in volume by more than 1.35 times in Wednesday’s trade. At 1446 hours, the stock was trading at Rs 220.45 per share, higher by 2.44% on the BSE during the day’s trade. The stock recorded a traded volume of 23,32,675shares and a traded value worth Rs 5,097.59 lakh on NSE during Wednesday’s trade. 
  • Meanwhile, S&P BSE Sensex was trading at 32,433.02, higher by 30.65 points or 0.09% and NSE Nifty stood at 10,151.10 level, up by 3.55 points or 0.03% on Wednesday.
  • The company operates in Project Management Consultancy (PMC), Real Estate Development, and Engineering, Procurement and Construction (EPC) segment, offering civil engineering construction services for building residential and commercial complexes, re-development of government colonies, education and medical institutions, infrastructure project roads, water supply systems, storm water systems and water storage solutions.  

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