Morning Release of 11 Jan, 2018.

Outlook

Nifty remained sideways ahead of weekly expiry and closed with a change of just -0.05% at the levels of 10632. Nifty charts are still holding an upside strength. Markets are expected to open on positive note with an immediate resistance of 10675-10690 and support of 10580-10565.

Indian shares ended nearly flat on Wednesday as financials, such as, Housing Development Finance Corp Ltd. fell, but a surge in IT stocks, such as, Tata Consultancy Services curbed losses in the indices.

The Nifty closed 0.05% lower at 10,632.20, while the benchmark Sensex ended 0.03% down at 34,433.07.

Top Gainers

Company Name	Close	% Change
TCS	2,803.00	3.47%
WIPRO	326.40	2.90%
HCLTECH	915.90	2.47%

Top Losers

Company Name	Close	% Change
UPL	778.15	-1.57%
EICHERMOT	28,150.00	-1.56%
NTPC	174.25	-1.39%

52 week High & Low

Company Name	Close	High or Low?
ADANIENT	203.85	HIGH
ALEMBICLTD	64.50	HIGH
CLEDUCATE	278.20	LOW
JENSONICOL	6.70	LOW

Indices

Indices	Last Trade	% Change
NIFTY	10,632.20	-0.05%
NIFTY IT	12,054.70	2.24%
NIFTY PHARMA	9,748.60	-0.22%
NIFTY FMCG	27,210.60	-0.14%
NIFTY REALTY	364.95	1.26%
BANK NIFTY	25,617.30	-0.34%
INDIA VIX	14.03	1.35%

FII/DII Activity as on 10 Jan, 2018

FII/DII	Net Change (in Cr.)
FII	-572.26
DII	600.24

Corporate Events

• Motherson Sumi Systems through its arm, Samvardhana Motherson Automotive Systems Group B V (SMRP BV) announces Joint Venture with Ossia Inc to provide continuous wireless power inside vehicles.
  
• The cabinet approved key changes in India’s foreign direct investment (FDI) policy by easing investment norms across sectors including aviation, construction, and single brand retail among others.
  
• Tata Motors reported 23% increase in total global sales at 1,16,677 units for December 2017.
  
• JSW Steel reported 4.11 million tonne of crude steel production during Q3 FY 2017-18, 7% growth over corresponding quarter of FY 2016-17.

Results Corner

No results declared today.