Equity Report Outlook|24 carat financial services | 21 September 2017

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Equity tips:-

NIFTY:-


                                      Nifty & Sensex end in negative terrain

  • Nifty ended at 10,121 level, down by 19 points, while Sensex closed at 32,370 level, down by 30 points. There were 576 advances, 1,083 declines and 301 unchanged stocks on NSE, reflecting strong negative sentiments floating in the market.
  • In the broader markets, BSE Mid-cap index closed at 16,044 level, down by 0.34% while BSE Small-cap index closed at 16,784 level, down by 0.51%.  
  • Bank Nifty ended at 24,799 level, down by 165 points or 0.66%. Punjab National Bank was the top loser in the index closing at Rs 141.8 per share, down by Rs 3 per share or 2.07%.
  • BSE Realty index was the top losing index, which closed at 2,164.83 level, down by 2.28%. Indiabulls Real Estate was the top loser in the index ending at Rs 237.5 per share, down by 5.92%
  • BSE Healthcare index was the top gaining index, which closed at 14,154 level, up by 2.74%. SMS Pharmaceuticals was the top gainer in the index ending at Rs 110.25 per share, up by 20%. 

  Index View-:

    NIFTY:-

10,121.90 -19.25 (-0.19%) 
Sep 21 - Close  

NiftyTips
  • In Thursday’s trading session Benchmark Indices Niy opened on a flat note and traded with negave movement for first half of the market and made a low of 10058 but it managed to bounce back from the low and shown a good recovery in the second half of the market. Niy ended at 10,121 level, down by 19 points.
  • Niy index manages to give closing near its major support level of 10130-10110 on daily chart.
  • we expect the index to gradually move towards 10200 – 10240, which is not far away from current levels. On the other hand, 10110 – 10060 would now be seen as a key support zone.


 BANKNIFTY:-    

24,799.25 -165.80 (-0.66%)  
Sep 21 - Close 

Banknifty
  • In Thursday’s trading session Bank Niy index opened on gap down note & traded with negave movement throughout the day Bank Niy ended at 24,799 level, down by 165 points or 0.66%. Punjab Naonal Bank was the top loser in the index closing at Rs 141.8 per share, down by Rs 3 per share or 2.07%.
  • Bank Niy is trading above its 21 days & 50 days moving averages on daily chart.
  • Last 2 day's negave move does not indicate any reversal and hence, the short-term trend connues to be posive. Declines of lat 2 day should be used as a buying opportunity as we expect the Niy Bank index to come up to 24900-25000. The short-term support for the Niy Bank index is placed around 24700 and 24610 whereas resistances are seen around 24950 and 25050. 


Gainers/Loser:-

  Top Gainers -Nifty 500 :-

 


Top Losers-Nifty 500 :-

 

 

Buzzing Stocks:-

Closing Bell:-

Gainers: Dr.Reddy’s (+7.5%), Cipla (+4%). 
Losers: Zee, Gail (-2.5%).  

Dr. Reddy’s gets EIR from USFDA for Srikakulam Plant unit II in Andhra Pradesh. Stock zooms 7.5%. 

Interglobe Aviation approves allotment of 33.58 mn shares.  

Usha Martin contemplates selling its wire rope or steel business, as per media reports.

ITD Cementation to raise upto Rs 350 Cr via issue of equity shares or other instruments. Stock rises 2.5%.

ITI stock rallies 20% after company declared as lowest bidder for defence ministry project.  

Novartis India’s board to consider the proposal for buyback at its meeting on Sept 25. Stock spurts 7%.

Zydus gets final approval from USFDA for Itraconazole Capsules 100 mg. Cadila Healthcare stock shines 3.5%.

BSE Realty Index drops over 2%. Indiabulls Real Estate (-5%), DLF (-3%), Oberoi Realty, HDIL (-2%).  

RCom stock spurts 6%. Sistema Shyam merger may be completed in 2 weeks. 

Vivimed says Jeedimetla FDF plant approved with GMP certification. Stock rises 3%.  

JP Associates stock gains 2.5% on hope firm to be restructured outside NCLT.

Market News:-

 

Vivimed Lab receives GMP certification

  • The share price of Vivimed Lab shot up in the intraday trade on Thursday as the company announced that its Jeedimetla FDF plant near Hyderabad bagged the approval of the Ukraine ministry of Health, receiving an accredition with GMP certification.
  • Vivimed Labs hit a record high of Rs 153.30 per share on BSE. The stock hit an intraday low of Rs 140.25 per share on September 21, 2017 and witnessed a spurt in its volume by more than 1.87 times on BSE.
  • Vivimed Labs had hit its 52-week low of Rs 81.35 per share on September 21, 2016. At 1450 hours, the stock was trading at Rs 143.35 per share, higher by 3.80% on the BSE on Thursday. 
  • The stock recorded a trade volume of 1,18,80,538 shares and a trade value worth Rs 17,470.33 lakh during Thursday’s trade on NSE. Meanwhile, NSE Nifty stood at 10,122.35 level, down by 18.80 points or 0.19% and S&P BSE Sensex stood at 32,346.41 level, lower by 54.10 points or 0.17% around the same time on Thursday. 

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Location: India

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