Morning Release of 21 May, 2018. |
Outlook
Nifty ended the session in the negative territory with a change of -0.81% at the levels of 10596. Markets are expected to show volatility with an immediate upside resistance of 10650-10680-10720 and support 10550-10525-10480.
Indian shares ended lower for a fourth straight session on Friday, dragged by financials, such as, HDFC Bank and Housing Development Finance Corp., while the sentiment was subdued amid caution over developments in the U.S.-China trade negotiations.
The benchmark BSE Sensex closed down 0.86% at 34848.30, slipping 1.93% for the week. The broader NSE Nifty ended 0.81% lower at 10596.40, shedding 1.94% over the week. Both the indices marked their biggest weekly loss in 10 weeks. HDFC Bank closed 0.77% lower, while Housing Development Finance Corp. ended down 1.18%.
The benchmark BSE Sensex closed down 0.86% at 34848.30, slipping 1.93% for the week. The broader NSE Nifty ended 0.81% lower at 10596.40, shedding 1.94% over the week. Both the indices marked their biggest weekly loss in 10 weeks. HDFC Bank closed 0.77% lower, while Housing Development Finance Corp. ended down 1.18%.
Top Gainers
Company Name |
Close (in INR.) |
% Change |
BAJFINANCE |
2139.00 |
3.51% |
TECHM |
695.90 |
2.97% |
BAJAJFINSV |
5726.00 |
2.81% |
Top Losers
Company Name |
Close (in INR.) |
% Change |
CIPLA |
531.60 |
-4.00% |
WIPRO |
268.55 |
-3.52% |
IBULHSGFIN |
1137.40 |
-3.45% |
52 week High & Low
Company Name |
Close (in INR.) |
High or Low? |
BAJFINANCE |
2171.75 |
HIGH |
BAJAFINSV |
5824.00 |
HIGH |
ABB |
1214.05 |
LOW |
ABMINTLTD |
23.70 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10596.40 |
-0.81% |
NIFTY IT |
13459.15 |
-0.34% |
NIFTY PHARMA |
8211.85 |
-2.27% |
NIFTY FMCG |
28852.70 |
+1.25% |
NIFTY REALTY |
302.75 |
-1.50% |
BANK NIFTY |
25875.60 |
-0.76% |
INDIA VIX |
14.15 |
-5.54% |
FII/DII Activity as on 18 May, 2018
FII/DII |
Net Change (in Cr.) |
FII |
-166.15 |
DII |
+149.58 |
Corporate Events & Results Corner
- Larsen & Toubro (L&T) Construction has won orders worth INR. 1504 Cr. in the domestic market.
- Reserve Bank of India (RBI) has slapped INR. 5 Cr. penalty on South Indian Bank for violation of bad loan classification, know-your-customer (KYC) guidelines, treasury functions and other non-compliance.
- Radhakishan Damani, the billionaire investor and promoter of Avenue Supermarts, which operates D-Mart stores, will sell up to 1% stake in the company for an estimated sum of over INR. 888 Cr.