Morning Release of 16 Apr, 2018. |
Outlook
Nifty continued the upside momentum for the seventh session, touched the levels of 10520, and held the upside rally for first half of the session. Nifty closed with a change of +0.21% at the levels of 10480. Nifty charts are indicating a sideways to bullish momentum to continue with an immediate next resistance level of 10562-10595-10607 and support of 10450-10380.
Indian shares ended higher for a seventh straight session on Friday, marking their longest winning streak since November 2017, led by gains in index heavyweights, such as, Reliance Industries Ltd. and Kotak Mahindra Bank Ltd.
The broader NSE index ended 0.21% higher at 10480.60, while the benchmark BSE index closed up 0.27% at 34192.65. Both indices were up for a third straight week, with NSE index gaining 1.40% and BSE index climbing 1.60%. Software services exporter Infosys Ltd. ended 0.76% higher ahead of its March-quarter results. Reliance Industries and Kotak Mahindra Bank ended up over 1%.
The broader NSE index ended 0.21% higher at 10480.60, while the benchmark BSE index closed up 0.27% at 34192.65. Both indices were up for a third straight week, with NSE index gaining 1.40% and BSE index climbing 1.60%. Software services exporter Infosys Ltd. ended 0.76% higher ahead of its March-quarter results. Reliance Industries and Kotak Mahindra Bank ended up over 1%.
Top Gainers
Company Name |
Close (in INR.) |
% Change |
ADANIPORTS |
382.90 |
2.83% |
TECHM |
671.00 |
2.79% |
EICHERMOT |
31485.40 |
2.62% |
Top Losers
Company Name |
Close (in INR.) |
% Change |
BPCL |
406.00 |
-3.02% |
HCLTECH |
989.70 |
-2.01% |
BAJAJFINSV |
5332.00 |
-1.64% |
52 week High & Low
Company Name |
Close (in INR.) |
High or Low? |
ABBOTINDIA |
6632.05 |
HIGH |
AHLWEST |
347.10 |
HIGH |
ANGIND |
4.20 |
LOW |
BALRAMCHIN |
72.00 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10480.60 |
+0.21% |
NIFTY IT |
13260.45 |
+0.70% |
NIFTY PHARMA |
8730.60 |
+0.52% |
NIFTY FMCG |
26982.90 |
-0.22% |
NIFTY REALTY |
300.90 |
+0.45% |
BANK NIFTY |
25200.60 |
+0.02% |
INDIA VIX |
14.14 |
-2.88% |
FII/DII Activity as on 13 Apr, 2018
FII/DII |
Net Change (in Cr.) |
FII |
-399.59 |
DII |
+306.05 |
Corporate Events & Results Corner
- India's leading direct-to-home television operator, Dish TV today listed 277 million Global Depository Receipts for trading on the professional securities market of the London Stock Exchange.
- A unit of Royal Dutch Shell has sold 8.50% stake in Mahanagar Gas Ltd., the firm which retails CNG to automobiles and piped cooking gas to households in Mumbai and adjoining areas.
- HDFC Bank plans to raise INR. 50000 Cr. through bonds in the next 12 months to fund business expansion.
