Equity Report Outlook|24 carat financial services | 26 September 2017

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Equity tips:-

NIFTY:-

                                              Nifty & Sensex end flat on Tuesday 

  • Nifty ended at 9,871 level, down by 1 point, while Sensex closed at 31,599 level, down by 26 points on Tuesday. The 50-stocks index lost 60 points to touch its intraday low of 9,813. However, the index started recovering in the afternoon hours and managed to end above the important mark of 9,850.
  • Bulls were dominating the markets in the Tuesday’s trading session. There were 1,029 advances, 622 declines and 315 unchanged stocks on NSE. India VIX ended lower by 1.53% at 13.13 level.
  • HDFC twins, TCS and Hindustan Unilever contributed the most to the weakness of major benchmark indices.
  • In the broader markets, BSE Mid-cap index closed at 15,500 level, up by 67 points while BSE Small-cap index closed at 16,136 level, up by 173 points. Bank Nifty ended at 24,199 level, up by 34 points or 0.14%. Axis Bank was the top gainer in the index closing at Rs 512.7 per share, up by Rs 11 per share or 2.19%. 
  • Nifty Realty index was the top gainer among the sectoral indices on NSE. The index ended at 271.5 level, up by 2.69%.
  • Movers and Shakers of the day:
  • Avenue Supermarts: The stock touched its record high of Rs 1,218 per share, up by or Rs 189 points or 18.36%.
  • ONGC: The stock ended higher by 4% or Rs 5.5 per share at Rs 171.4 per share on NSE.

Index View-:

    NIFTY:-

9,871.50 -1.10 (-0.01%)
 Sep 26 - Close

nifty tips
  • In Monday’s trading session Benchmark Indices Niy opened on a flat note and traded with negave movement for first half of the market The 50-stocks index lost 60 points to touch its intraday low of 9,813. However, the index started recovering in the aernoon hours and managed to end above the important mark of 9,850. Niy ended at 9,871 level, down by 1 point.
  •  Niy index has made a dogy candle on daily chart.
  •  Niy index is trading below its 21 days & 50 days moving averages on daily chart.
  •  In next trading session further down side movement can be seen in the index and it can move towards 9800-9770, On the other hand, 9960 -10030 would now be seen as a key resistance. 

BANKNIFTY:-    

24,199.15 +34.10 (0.14%)
Sep 26 - Close


banknifty
  • In Tuesday’s trading session Bank Niy index opened on gap down note & traded with negave movement for first half of the market but in second half of the market it turns posive. Bank Niy index has erased its morning losses and ended at 24,199 level, up by 34 points or 0.14%. Axis Bank was the top gainer in the index closing at Rs 512.7 per share, up by Rs 11 per share or 2.19%.
  • Bank Niy index has managed to sustain above its major support level of 24000 through out the day.
  • Bank Niy index is trading below its 21 days & 50 days moving averages on daily chart.
  • We expect the Niy Bank index to go down to 23900-23800. The short-term support for the Niy Bank index is placed around 24000 and 23950 whereas resistances are seen around 24400 and 24500. 

Gainers/Loser:-

  Top Gainers -Nifty 500 :-

Top Losers-Nifty 500 :-

 

Buzzing Stocks:-

Closing Bell:- 

Gainers: Vedanta (+3.5%), ONGC, Indiabulls HF (+3%).
 Losers: Infratel, BPCL (-4%).  

Nifty Metal Index up over 2%. Vedanta (+3.5%), Jindal Steel, NALCO (+3%), JSW Steel, Tata Steel, Hindustan Zinc (+3%).

NMDC plans to sell nearly 49% stake in its Chhattisgarh steel plant. Stock rises 2%.

Nifty Realty Index gains 3%. Prestige (+6%), Indiabulls Real Estate (+5%), Godrej Prop (+4%), Unitech (+3%).  

DMart stock spurts 7.5% as brokerage house initiates coverage with buy.

Airline stocks decline after surge in crude oil price. SpiceJet (-5%), Jet Airways (-3%), IndiGo (-1%).

Market News:-

Bhar Airtel deploys MIMO  

  • Bhar Airtel on Tuesday announced the deployment of Mulple Input Mulple Output (MIMO) technology which is a key enabler for 5G networks. Airtel is starng with the first round of deployment in Bangalore and Kolkata and will expand to other parts of the country.
  • Deployed as a part of Airtel’s ongoing network transformaon program, Project Leap, the massive MIMO technology will expand exisng network capacity to five or seven mes using the exisng spectrum, thereby improving spectral efficiency.
  • Massive MMIO is a key enabler and foundaon for technology revoluons to come. It is a pre-5G technology that will make the network future ready for meeng the data demand coming from digital revoluon and data explosion in India.
  • Massive MIMO created 3D beams both on horizontal and vercal planes towards users located within its coverage footprints. This helps in improving coverage and reducing interferences across users in different beams, thereby by improving signal quality by 2-3dB. 
  • Recently Airtel also announced a strategic partnership with Korean telecommunicaons service provider SK Telecom to leverage its experse to build the most advanced telecom network in India. 

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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