Morning Release of 18 Oct, 2017. |
Outlook
Nifty after making a new high on Monday, traded in a flat zone and closed with 0.04% change at the levels of 10234.45. Nifty trend holds a very strong bullish view. The upper side resistance will be 10308-10345 and support will be 10176-10147.
Nifty ended little changed on Tuesday after hitting a third consecutive high earlier in the day, as investors turned cautious ahead of key corporate results including from Wipro Ltd. and Axis Bank Ltd. Nifty closed up 0.04% at a record closing high of 10,234.45. The benchmark Sensex snapped a three-day rally to end down 0.08% at 32,609.16.
Axis Bank Ltd. fell 1.70%, while Wipro declined 0.20%. Reliance Industries lost as much as 0.60% after the oil-to-retail conglomerate hit record highs in each of the previous three sessions. Tata Motors shed about 1.60% after rising in the last three sessions. Nifty Auto index fell as much as 0.50%. Drugmaker, Lupin Ltd. declined as much as 0.90% after a three-session gain.
Axis Bank Ltd. fell 1.70%, while Wipro declined 0.20%. Reliance Industries lost as much as 0.60% after the oil-to-retail conglomerate hit record highs in each of the previous three sessions. Tata Motors shed about 1.60% after rising in the last three sessions. Nifty Auto index fell as much as 0.50%. Drugmaker, Lupin Ltd. declined as much as 0.90% after a three-session gain.
Top Gainers
Company Name |
Close |
% Change |
BHARTIARTL |
465.00 |
2.58% |
CIPLA |
631.85 |
4.14% |
BPCL |
514.00 |
3.13% |
Top Losers
Company Name |
Close |
% Change |
ZEEL |
495.80 |
-3.63% |
AXISBANK |
511.50 |
-1.70% |
DRREDDY |
2,380.10 |
-0.97% |
52 week High & Low
Company Name |
Close |
High or Low? |
63MOONS |
125.70 |
HIGH |
ADANITRANS |
229.95 |
HIGH |
AXISCADES |
111.05 |
LOW |
BRFL |
110.50 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10,234.45 |
0.04% |
NIFTY IT |
10,942.70 |
-0.17% |
NIFTY PHARMA |
9,740.55 |
0.50% |
NIFTY FMCG |
24,645.60 |
-0.23% |
NIFTY REALTY |
288.25 |
0.89% |
BANK NIFTY |
24,645.60 |
-0.40% |
INDIA VIX |
11.61 |
2.65% |
FII/DII Activity as on 17 Oct, 2017
FII/DII |
Net Change (in Cr.) |
FII |
-484.72 |
DII |
809.03 |
Corporate Events
- Piramal Enterprises board has approved raising of INR. 4,996.2 Cr. through allocation of securities to qualified institutional buyers (QIBs).
- Textile major, Arvind Limited today signed a MoU with the Gujarat government to set up a mega apparel park with an investment of INR. 300 Cr. in Dahegam in Ahmedabad district.
- LIC Housing Finance has settled loan dispute with DB Realty and also withdrawn its application before the National Company Law Tribunal.
Results Corner
- Tata Sponge Iron Ltd.: Sept quarter profit of INR. 276.1 million versus a profit of INR. 160.5 million a year ago.
- Shree Digvijay Cement Co. Ltd.: Sept quarter net profit of INR. 100,000 rupees versus a loss of INR. 97.3 million rupees a year ago.
- Axis Bank reported about INR. 5633 Cr. worth of non-performing assets (NPAs).
- ICICI Lombard General Insurance posted a 19.30% increase in the net profit for the second quarter that ended on September 30, 2017 as compared to the same period last fiscal.
