Morning Release of 26 Feb, 2018. |
Outlook
Nifty finally took an upside move of 104 points and managed to close above 23.60% of the Fibonacci level. Nifty wrapped up the daily closing with a change of 1.04% at the levels of 10491. Daily candle gives a view of positive opening of the market with an upside resistance of 10570-10590 and support of 10430-10380.
Indian shares rose on Friday, tracking broader Asia after comments from a Federal Reserve official eased worries about faster rate hikes in the United States and sparked a rebound in recently hit sectors, such as, drug makers.
The Sensex closed up 0.95% at 34142.15, ending 0.39% higher for the week. The Nifty ended 1.04% higher at 10491.05, gaining 0.37% for the week.
The Sensex closed up 0.95% at 34142.15, ending 0.39% higher for the week. The Nifty ended 1.04% higher at 10491.05, gaining 0.37% for the week.
Top Gainers
Company Name |
Close (in INR.) |
% Change |
TATASTEEL |
676.00 |
6.03% |
SUNPHARMA |
574.00 |
6.01% |
UPL |
702.25 |
3.97% |
Top Losers
Company Name |
Close (in INR.) |
% Change |
ASIANPAINT |
1100.95 |
-1.53% |
GAIL |
459.50 |
-1.43% |
INFY |
1154.40 |
-0.55% |
52 week High & Low
Company Name |
Close (in INR.) |
High or Low? |
BRITANNIA |
4979.00 |
HIGH |
CHOLAFIN |
1428.40 |
HIGH |
AGARIND |
362.65 |
LOW |
ADVENZYMES |
228.00 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10491.00 |
+1.04% |
NIFTY IT |
12871.15 |
+1.11% |
NIFTY PHARMA |
9095.45 |
+2.64% |
NIFTY FMCG |
26669.90 |
+0.79% |
NIFTY REALTY |
322.55 |
+0.91% |
BANK NIFTY |
25302.50 |
+1.39% |
INDIA VIX |
14.20 |
-4.25% |
FII/DII Activity as on 23 Feb, 2018
FII/DII |
Net Change (in Cr.) |
FII |
-486.32 |
DII |
+1514.03 |
Corporate Events & Results Corner
- Hindustan Zinc is set to commission two new mills in Rajasthan with a joint capacity of 3 million tonnes (MT) of ore-treatment with an investment of INR. 600 Cr.
- Online non-banking finance company, PAISALO Digital has raised INR. 28 Cr. in the form of debt capital through non-convertible debentures (NCDs).
- Life Insurance Corporation (LIC) of India has reduced its shareholding in FMCG firm, Tata Global Beverages Ltd. (TGBL) to 3.62% by selling 2.05% stake in open market.
- Religare Enterprises plans to raise INR. 916.42 Cr. by issuing 175,559,960 warrants at an issue price of INR. 52.20.
- DCM Shriram will invest INR. 113 Cr. for expansion of its caustic soda unit in Bharuch, Gujarat.
