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.
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.