Morning Release of 05 Jan, 2018.

Outlook

After three days of consolidation zone, Nifty finally moved upside and breached the 10500 level and managed to close at the levels of 10504 with a change of +0.59%. Nifty charts have formed a bullish candle with a positive divergence. Nifty, if manages to close above the 10550 levels, will clearly set a new rally for 10600-10650 levels and support will be 10478-10440.

Indian shares rose on Thursday as the state-run lenders rallied late in the session after the government sought approval from parliament to inject INR. 800 billion ($12.62 billion) into the sector as part of its recapitalisation plan.

​The benchmark BSE Sensex closed up 0.52% at 33,969.64. The broader NSE Nifty ended 0.59% higher at 10,504.80.

Top Gainers

Company Name	Close	% Change
TATASTEEL	763.45	3.88%
LT	1,313.30	2.98%
DRREDDY	2,414.80	3.24%

Top Losers

Company Name	Close	% Change
TATAMOTORS	430.00	-0.90%
EICHERMOT	28,614.00	-0.70%
BPCL	491.50	-0.69%

52 week High & Low

Company Name	Close	High or Low?
AARTIDRUGS	762.80	HIGH
ADANIENT	185.20	HIGH
BRFL	101.00	LOW
SRSLTD	1.60	LOW

Indices

Indices	Last Trade	% Change
NIFTY	10,504.80	0.59%
NIFTY IT	11,590.80	0.04%
NIFTY PHARMA	9,633.60	1.20%
NIFTY FMCG	26,689.60	0.15%
NIFTY REALTY	344.80	-0.19%
BANK NIFTY	25,462.60	0.57%
INDIA VIX	13.41	-1.52%

FII/DII Activity as on 04 Jan, 2018

FII/DII	Net Change (in Cr.)
FII	212.05
DII	325.24

Corporate Events

• The Idea Cellular board approved raising about INR. 3,250 Cr. from the entities under the promoter, Aditya Birla Group by issuing 32.66 crore equity shares on a preferential basis.
• Government of India (GoI) may split GAIL India into two separate entities.

Results Corner

• JLR volume surges 49% at 3,954 units in 2017.
  
• HMSI sales up 68% in December; crosses 5 million mark in 2017.
  
• GM Breweries Ltd.: Dec quarter profit of INR. 223 million versus a profit of INR. 99 million a year ago.