Morning Release of 01 Feb, 2018.

Outlook

Market remained sideways to downwards ahead of Budget 2018. Nifty with a change of -0.20% closed at the levels of 11,027. Nifty charts show uncertainty ahead of the budget, Markets are expected to open with high volatility. The upside resistance will be 11,105-11,220 and support of 10,920-10,868.

Indian shares fell for a second consecutive session on Wednesday, as investors stayed cautious a day before the government unveils its annual budget, but indices still posted their best month since October amid signs of earnings recovery.

The broader NSE index fell 0.20% to 11,027.70, but gained 4.72% for the month, posting its second consecutive monthly gain. The benchmark BSE index closed down 0.19% at 35,965.02, but ended the month 5.60% higher.

Top Gainers

Company Name	Close (in INR.)	% Change
INFRATEL	352.00	2.19%
KOTAKBANK	1,109.00	1.93%
TECHM	611.00	1.34%

Top Losers

Company Name	Close​ (in INR.)	% Change
DRREDDY	2,224.00	-3.56%
TATASTEEL	706.60	-3.36%
UPL	751.40	-2.51%

52 week High & Low

Company Name	Close​ (in INR.)	High or Low?
21STCENMGM	40.20	HIGH
AMBER	1,299.00	HIGH
APOLLO	326.55	LOW
BHUSANSTL	47.80	LOW

Indices

Indices	Last Trade	% Change
NIFTY	11,027.70	-0.20%
NIFTY IT	12,986.40	-0.93%
NIFTY PHARMA	9,384.75	-1.87%
NIFTY FMCG	27,127.30	-1.40%
NIFTY REALTY	344.70	-0.03%
BANK NIFTY	27,379.45	+0.40%
INDIA VIX	15.92	-2.95%

FII/DII Activity as on 31 Jan, 2018

FII/DII	Net Change (in Cr.)
FII	-136.63
DII	​+1,294.66

Corporate Events

• State-run Hindustan Copper reported a 12% jump in profit at INR. 18.92 Cr. for the third quarter ended on December 31, 2017.
  
• Karur Vysya Bank's net profit declined by over 38% to INR. 71.49 Cr. for the quarter ending December due to a rise provisions for bad loans.
  
• Mahindra Holidays and Resorts India (MHRIL) reported 11% decline in its standalone profit after tax during quarter ended December 31, at INR. 31.70 Cr.
  
• JSW Steel reported an over two-fold rise in its consolidated net profit at INR. 1,774 Cr. for the quarter to December 2017.

Results Corner

No results declared.