Morning Release of 24 Nov, 2017. |
Outlook
Nifty traded in a sideways zone and closed with just a change of +0.06% at the levels of 10348. Nifty managed to touch a high of 10374 but Nifty failed to hold the upside and closed with a slight change from the previous day closing. Nifty's continuous rejection to the downside trend is giving a positive outlook for the next session market opening. Nifty upside resistance will be 10395-10420 and support will be 10288-10268.
Indian shares ended with little change on Thursday, as gains in IT companies, such as, Infosys Ltd. helped to offset the declines in financial firms, while the bonds fell after oil prices hit a two-year high. The benchmark BSE Sensex closed up 0.08% at 33,588.08, while the broader NSE Nifty ended 0.06% higher at 10,348.75. SBI Life Insurance Co. Ltd. drops as much as 3.30% to INR. 670.00, while HDFC Standard Life Insurance Co. Ltd. fell as much as 5.30% to INR. 374.00.
The benchmark 10-year bond fell, with the yield up by 3 basis points to 6.99% from its close on Wednesday after earlier rising as much as 6 bps.
The benchmark 10-year bond fell, with the yield up by 3 basis points to 6.99% from its close on Wednesday after earlier rising as much as 6 bps.
Top Gainers
Company Name |
Close |
% Change |
INFY |
991.15 |
2.57% |
RELIANCE |
949.70 |
2.04% |
SUNPHARMA |
546.00 |
2.01% |
Top Losers
Company Name |
Close |
% Change |
DRREDDY |
2,309.00 |
-2.19% |
ADANIPORTS |
406.50 |
-1.93% |
IBULHSGFIN |
1,159.00 |
-1.66% |
52 week High & Low
Company Name |
Close |
High or Low? |
AEGISCHEM |
249.00 |
HIGH |
AJMERA |
332.00 |
HIGH |
5PAISA |
294.15 |
LOW |
ALPSINDUS |
4.60 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10,348.75 |
0.06% |
NIFTY IT |
11,230.60 |
1.02% |
NIFTY PHARMA |
9,293.20 |
0.16% |
NIFTY FMCG |
25,785.65 |
-0.04% |
NIFTY REALTY |
317.10 |
0.06% |
BANK NIFTY |
25,736.25 |
-0.12% |
INDIA VIX |
13.86 |
-1.23% |
FII/DII Activity as on 23 Nov, 2017
FII/DII |
Net Change (in Cr.) |
FII |
73.22 |
DII |
222.21 |
Corporate Events
- Drug firm, Zydus Cadila has received approval for the US health regulator to market Tadalafil tablets that is used for the treatment of erectile dysfunction, in the American market.
- Mahindra Electric has partnered with car rental firm, Zoomcar, wherein the former's twenty e2oPlus vehicles will be deployed on the latter's platform here.
- Fitness chain, Talwalkars has entered into a strategic partnership with holistic health expert, Mickey Mehta.
Results Corner
- Star Paper Mills Ltd.: Sept quarter profit of INR. 146.80 million versus INR. 157.30 million a year ago.
- Kesar Terminals & Infrastructure Ltd.: Sept quarter net profit of INR. 41.30 million versus a profit of INR. 49.60 million a year ago.
