Equity Report Outlook|24 carat financial services | Tuesday, 3rd October 2017

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Equity tips:-

NIFTY:-

                                                Market closes higher for 3rd straight day

 Market ended with positive sentiments after witnessing mild volatility closing in positive territory for the 3rd straight session after 7 day losing streak.

BSE Sensex closed higher by 213 points or 0.68% at 31,497 levels and Nifty ended at 9,859 levels up 0.72% or 70 points.

 Nifty Metal index was the top index gainer among sectoral indices on NSE. In the mid hours of trade, Nifty Auto index roared on bourses after auto players reported their September sales figures. Nifty Auto closed higher by 0.86% at 10,903 levels.

In the closing hours of trade, Panama Petrochem witnessed a spike in share prices and got locked in upper circuit at the closing hours. The stock closed higher by 13.38% at Rs 165.70 per share.

Oil marketing companies also ticked higher on the final minutes of Tuesday’s trade. OMC’s namely IOC closed higher by 1.77% at Rs 407.15 per share, HPCL gained 1.74% at Rs 433.90 per share and BPCL gained 1.25% at Rs 478 per share.  

Nifty bank closed at 24,116 level gaining 0.26% or 63 points.

BSE Mid-cap index closed lower by 0.77% at 15,554. BSE Small-cap index closed higher by 0.49% at 16,192. India VIX closed lower by 0.20% at 12.4

There were 866 advances, 812 declines and 326 unchanged stocks on NSE reflecting a mixed undertone floating in the market.  

GAIL, Tata Motors and Aurobindo Pharma are the top Nifty gainers, whereas Powergrid Corporation, Bharti Airtel and Cipla are the top Nifty losers. 

Index View-:

    NIFTY:-

9,859.50 +70.90 (0.72%)
Oct 3 - Close

Nifty Tips

  • In Tuesday’s trading session Benchmark Indices Niy opened on a gap up note and traded with posive movement throughout the day. Niy Index ended with posive senments aer witnessing mild volality closing in posive territory rd for the 3 straight session aer 7 day losing streak. Niy ended at 9,859 levels up 0.72% or 70 points.
  • Niy index is trading below its 21 days & 50 days moving averages on daily chart.
  • In next trading session some side ways movement can be seen in the index and it can trade in the range of 9930-9780. Now Niy index is facing strong resistance at 9930 while down side support is placed at 9775.

BANKNIFTY:-    

24,116 +63 (0.26%)
 Sep 29 - Close

BankNifty
 
  •  In Tuesday’s trading session Bank Niy opened on a gap up note and traded with posive senment in first half of the market and made a high of 24226.In second half of the market Bank Niy Index shown a strong negave moves as some of the major PSUs were making new month low which leads Niy Bank Index to closed at 24,116 level gaining 0.26% or 63 points.
  • Bank Niy index trading above its psychological support levels of 24000.Bank Niy index is trading below its 21 days & 50 days moving averages on daily chart.
  • In next trading session down side movement can be seen in the Bank Niy index and it can test down side levels of 23900-23800 while up side 24300 will act as a good resistance level .

Gainers/Loser:-

  Top Gainers -Nifty 500 :-

Top Losers-Nifty 500 :-

Buzzing Stocks:-

Closing Bell:- 

Gainers: GAIL (+4%), Tata Motors (+3.5%). 
Losers: Power Grid (-3%), Airtel (-1.5%), Cipla (-1%).  


Tata Motors stock spurts 4% on securing Rs 1,120 Cr order for 10,000 e-cars. 

Nifty Metal Index up 1%. Jindal Steel (+7%), Hindustan Zinc (+6%), MOIL (+3%), Nalco (+2%).

Maruti Suzuki stock down 1% despite better than expected Sept sales number.  

RCom stock drops 11% after Aircel merger deal collapses. 

Ambuja Cements gets mining rights for limestone block in Rajasthan. Stock end marginally up.

DLF stock rises 2% as GIC seeks OK for rental arm stake buy.

MOIL stock gains 3% on revised prices of Manganese Ore.

Market News:-

         Ambuja Cements gets mining rights for limestone block in Rajasthan

  •  The shares of Ambuja Cements advanced by over 1% intraday Tuesday’s trading session after the company announced that it has get mining rights for limestone block in Rajasthan.
  • The company informed that it has participated in the e-auction tender of 3D1, Harima Pithasar limestone block in Tehsil and District Nagpur in the state of Rajasthan and it has secured an estimated limestone resource of 200 million tonnes at a final bid of 41.6% of mineral value. 
  • The stock was trading up by 0.94% at Rs 268 per share on BSE at 1348 hours. The stock touched its intraday high and low at Rs 271 and Rs 266 per share respectively. 
  • The stock has attracted total traded volume of 9,59,578 shares and traded value of Rs 2,581 lakh on NSE. 
  • The stock 52-week high stood at Rs 291.50 as on September 13, 2017 and 52-week low at Rs 191 as on November 22, 2016.
  • Meanwhile, the benchmark indices Nifty was trading up by 58 points at 9,846 level and Sensex was trading up by 192 points at 31,471 level.

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: Indore, Madhya Pradesh, India

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