Morning Release of 16 Nov, 2017. |
Outlook
For the third consecutive trading session, Nifty traded on lower band and broke the support level of 10186 and touched the second support levels of 10096 and wrapped up the session with a change of -0.67% at the levels of 10118.05. Nifty charts are making lower lows with RSI still indicating a bearish divergence and testing the lower Bollinger band, Nifty is expected to take support from this level and move into the green zone. However the upside trend will be strong once Nifty breaches the level of 10186. The upside resistance will be 10168-10186 and downside support will be 10086-10045.
Indian shares ended lower on Wednesday as falling global commodity prices pushed metal shares, such as, Vedanta Ltd. down, while consumer stocks, such as, ITC Ltd. also weighed on the indexes. The broader NSE Nifty closed 0.67% down at 10,118.05, its lowest in more than a month. The benchmark BSE Sensex was down 0.55% at 32,760.44, a three-week low. Both the indexes posted their third straight day of losses.
Indian tyre makers, such as, Ceat Ltd. and MRF Ltd. rose as benchmark Tokyo rubber futures plunged more than 4% to a two-week low. Vedanta Ltd. fell 4%, while ITC Ltd. ended 1.1% down.
Indian tyre makers, such as, Ceat Ltd. and MRF Ltd. rose as benchmark Tokyo rubber futures plunged more than 4% to a two-week low. Vedanta Ltd. fell 4%, while ITC Ltd. ended 1.1% down.
Top Gainers
Company Name |
Close |
% Change |
BPCL |
507.00 |
2.83% |
ASIANPAINT |
1,183.00 |
2.42% |
AMBUJACEM |
277.50 |
2.27% |
Top Losers
Company Name |
Close |
% Change |
INFRATEL |
380.40 |
-4.17% |
SUNPHARMA |
504.55 |
-4.07% |
VEDL |
296.55 |
-4.03% |
52 week High & Low
Company Name |
Close |
High or Low? |
AMDIND |
59.45 |
HIGH |
ACE |
116.50 |
HIGH |
ALPSINDUS |
4.60 |
LOW |
ARENTERP |
16.80 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10,118.05 |
-0.67% |
NIFTY IT |
11,122.85 |
0.41% |
NIFTY PHARMA |
9,025.20 |
-1.99% |
NIFTY FMCG |
25,273.75 |
-1.20% |
NIFTY REALTY |
298.05 |
-1.80% |
BANK NIFTY |
25,218.90 |
-0.26% |
INDIA VIX |
14.26 |
0.71% |
FII/DII Activity as on 15 Nov, 2017
FII/DII |
Net Change (in Cr.) |
FII |
-381.42 |
DII |
869.09 |
Corporate Events
- Life Insurance Corporation (LIC) has hiked its stake in Indiabulls Housing Finance by 2.03% by buying 86.75 Lakh shares in the open market.
- Airbus wins biggest jet order from Indigo Partners.
- USFDA lifts import alert on Divi's Laboratories unit.
Results Corner
- New India Assurance has posted an almost 188% jump in its second quarter net profit for three months ended September 30, 2017.
- Infibeam Incorporation Limited posted almost 3-fold jump in its consolidated net profit to INR. 21.60 Cr. in the second quarter that ended on September.
- State-run telecom firm, MTNL reported narrowing of standalone loss to INR. 730.64 Cr. in the second quarter ended September 30, 2017.
