Morning Release of 13 Mar, 2018. |
Outlook
Nifty recovered from its consecutive days of weakness and showed relief by marking a change of +1.90% at the levels of 10421 for the trading session. The markets are expected to be volatile on account of the inflation data impact. Technicals show a sign of sideways to bullish trend with an upside crucial resistance of 10480-10550 and support of 10350-10280.
Indian shares jumped nearly 2%, in line with a global rally after the latest U.S. jobs report assuaged fears around inflation and faster rate hikes, while investors back home were awaiting for inflation numbers due later in the day.
The broader NSE Nifty closed 1.90% higher at 10421.40, while the benchmark BSE Sensex was up 1.83% at 33917.94. The Nifty climbed as much as 2% in its biggest intraday percentage rise since March 14, 2017. All but three stocks closed lower on the Nifty 50 index, with Bharti Airtel Ltd. and ITC Ltd. were among the top percentage gainers. ITC ended up +4.20%, while Bharti Airtel closed 4.80% higher.
The broader NSE Nifty closed 1.90% higher at 10421.40, while the benchmark BSE Sensex was up 1.83% at 33917.94. The Nifty climbed as much as 2% in its biggest intraday percentage rise since March 14, 2017. All but three stocks closed lower on the Nifty 50 index, with Bharti Airtel Ltd. and ITC Ltd. were among the top percentage gainers. ITC ended up +4.20%, while Bharti Airtel closed 4.80% higher.
Top Gainers
Company Name |
Close (in INR.) |
% Change |
BHARTIARTL |
423.10 |
5.21% |
IOC |
403.00 |
4.54% |
ITC |
269.90 |
4.11% |
Top Losers
Company Name |
Close (in INR.) |
% Change |
COALINDIA |
297.50 |
-2.15% |
AUROPHARMA |
582.15 |
-1.74% |
TECHM |
618.80 |
-0.06% |
52 week High & Low
Company Name |
Close (in INR.) |
High or Low? |
ASHOKLEY |
148.60 |
HIGH |
GSKCONS |
6940.25 |
HIGH |
ADLABS |
49.15 |
LOW |
ALBK |
43.30 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10421.40 |
+1.90% |
NIFTY IT |
12923.40 |
+1.38% |
NIFTY PHARMA |
8600.70 |
+1.00% |
NIFTY FMCG |
26703.00 |
+2.62% |
NIFTY REALTY |
317.40 |
+0.54% |
BANK NIFTY |
24664.20 |
+1.51% |
INDIA VIX |
14.49 |
-0.22% |
FII/DII Activity as on 12 Mar, 2018
FII/DII |
Net Change (in Cr.) |
FII |
+374.65 |
DII |
-464.59 |
Corporate Events & Results Corner
- Larsen & Toubro and its joint venture with Nuclear Power Corporation of India LtD. (NPCIL), had received an INR. 442 Cr. order for supply of forgings for nuclear steam generators.
- Wind turbine maker, Suzlon has bagged an order for development of 75MW wind energy project from an independent power producer through Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) bid.
- Larsen & Toubro (L&T) construction arm has won orders worth INR. 2597 Cr. across its business segments.