Equity Report Outlook|24 carat financial services | 7 September 2017
NIFTY:-
Nifty settles at 9,929; Sensex ends flat
Nifty closed at 9,929 level, up by 13 points, while Sensex closed
flat at 31,662 level on Thursday. There were 959 advances, 674
declines and 328 unchanged stocks on NSE, reflecting that bulls
were in control of the market.
Reliance Industries turned ex-bonus on Thursday. The stock settled at Rs 818.9 per share, down by 0.41%.
India VIX closed at 13.02 level, down by 0.76%. In the broader markets, BSE Mid-cap index
outperformed the major indices, closed at 15,823 level, up by 0.76%. BSE Small-cap index,
closed at 16,329 level, up by 0.46%. BSE Mid-cap index and BSE Small-cap index touched
their all-time high levels of 15,852 and 16,395 respectively. Bank Nifty ended at 24,340 level,
up by 61 points or 0.25%. IndusInd Bank was the top gainer in the index closed at Rs 1,704.5
per share, up by 1.17%.
BSE Telecom was the top losing index, which closed at 1,369 level, down by 0.75%. TTML
was the top loser on the index ending at Rs 6.9 per share, up by 1.71%.
BSE Metal was the top gaining index, closing at 13,955 level, up by 1.41%. National Aluminium
Company was the top gainer in the index, closing at Rs 83 per share, up by 12.01%.
Bajaj Finance was the most active stock by value on NSE to end at Rs 1,963 per share, up by
5.6%. Aditya Birla Capital was the second most active stock by value on NSE to end at
Rs 206.95 per share, up by 2.36%. The stock touched its fresh 52-week low of
Rs 193.55 per share.
Market Snap:-
Sector Watch:-
Index View-:
NIFTY:-
NIFTY-50 SPOT LEVELS TO WATCH OUT
 | |
| Nifty Tips |
- Nifty Spot is looking bearish on the charts, Profit booking expected in the next trading session.
- In today’s trading session Nifty Stop opened Gap up and traded is sideways zone, today stock specific action was seen.
- Nifty Spot Closed below 21,50 and 100 days moving averages. Nifty Stop broke Classical Triangle pattern @ 9930, We may see Selling if nifty Sustains below 9920
- Nifty spot has resistance on the upside @ 9945 and Support @ 9880
- Nifty spot if breaches its support level of 9880 Can head towards 9770 Levels while up side 9945 will act as a good resistance level, Closing Above 9945 we may see nifty heading towards 10025.
BANKNIFTY:-
BANKNIFTY SPOT LEVELS TO WATCH OUT
 |
| Banknifty Tips |
- Bank nifty Spot in todays trading session traded flat to sideways zone, Traded in a tight range of 200 Points, High 24413 low 24243.
- Bank Nifty spot is Hovering around 100 days Exponential Moving Average which come out to be 24050, on the Down side 24050 will Act as a Good support for Bank nifty and On the Up side 24500 will act as good Resistance.
- Bank Nifty if breaches 24055 we may see correction in overall market, Dragging nifty down. Hence Keep Close watch on 24055 levels on the down side.
Gainers/Loser:-
GAINERS - NSE
Losers - NSE
Buzzing Stocks:-
Closing Bell:-
Gainers: M&M, Bajaj Auto (+2%)
L&T (+1%).
Losers: ITC, Airtel (-2%).
Bajaj Finance surges 9% in 2-days after QIP launch. The
stock hit new high of Rs 1950, up 5%, extending its previous
day's 4% gain on BSE.
Nifty Metal Index up over 1%. NALCO (+7.5%), Vedanta, Welcorp (+3%),
Hindalco (+2%), Sail, JSW Steel (+1%).
Cadila Healthcare's Moraiya facility successfully completes USFDA inspection; no
observation in Form 483 issued after inspection. Stock gains 3%.
Music Broadcast’s arm collaborates with Apple Music. Stock gains 2%.
TVS Motor introduces 1100 cc motorcycle Victor premium edition, as per media
reports. Stock up over 2%.
Nestle stock gains 1% on introduction of healthier food options.
Mayur Uniquoters stock dips 1% after 52.2 lakh shares trade in 3 blocks on NSE
and BSE at Rs 360-360.30/sh.
Aditya Birla Capital stock zooms 5% after 43 lakh shares traded in a multiple blocks
on the NSE at Rs 193.55/ share.
Nifty Realty Index up 1.5%. Delta Corp, Unitech (+2%), Prestige, Indiabulls Real
Estate, Sobha, DLF (+1%).
Eicher Motors stock gains over 2% after company may make offer to buy Ducati.
Punj Llyod stock rallies 14% after JV gets project in Myanmar .
HFCL stock jumps 10% after GMO buys stake. About 61 Lakh shares traded in 3
blocks on NSE and BSE at Rs 28.15/sh.
Market News:-
USFDA completes inspection of Cadila Healthcare’s Moraiya unit
The share of Cadila Healthcaresurged by over 3% intraday during Thursday’s trading session after hat
the company informed that USFDA has completed the inspection of its Moraiya facility.
The inspection was done from August 31 to September 7, 2017. At the end of the inspection no
observation (483) was issued.
The stock ended up by 2.93% at Rs 510 per share on BSE. It opened at Rs 496.90 per share. It
touched its intraday high and low at Rs 519.90 and Rs 491.05, respectively. The stock has attracted a
total traded volume of 30,46,317 shares and traded value of Rs 15,503 lakh on NSE at 1502 hours.
Zydus Cadila is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies. The
group employs over 20,000 peoples worldwide and is dedicated to creating healthier communities globally.
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