Morning Release of 04 July, 2018.

Outlook

Nifty showed recovery from major support levels of 10657 and wrapped up with a change of +0.11% at the levels of 10699. Nifty is expected to remain sideways to slightly bullish with an immediate upside resistance of 10750-10768 and a support of 10650-10638.

Indian shares ended higher on Tuesday, recovering from earlier losses, as gains in energy stocks helped offset lingering trade tensions in Asia ahead of the deadline for imposition of tariffs by the U.S. on China.

The benchmark Sensex closed up 0.32% at 35378.60. The broader Nifty ended 0.40% higher at 10699.90.

Top Gainers

Company Name	Close (in INR.)	% Change
CIPLA	643.00	4.21%
BAJAJFINSV	5897.55	2.06%
MARUTI	8988.75	1.90%

Top Losers

Company Name	Close​ (in INR.)	% Change
VEDL	231.00	-3.69%
INFRATEL	291.50	-2.48%
ICICIBANK	273.25	-1.50%

52 week High & Low

Company Name	Close​ (in INR.)	High or Low?
BANDHANBANK	567.80	HIGH
BANG	53.80	HIGH
8KMILES	313.80	LOW
ABAN	107.50	LOW

Indices

Indices	Last Trade	% Change
NIFTY	10699.90	+0.11%
NIFTY IT	14222.55	+1.07%
NIFTY PHARMA	9325.30	+2.10%
NIFTY FMCG	28973.60	+0.68%
NIFTY REALTY	268.25	+0.15%
BANK NIFTY	26204.10	-0.10%
INDIA VIX	13.00	-2.77%

FII/DII Activity as on 03 Jul, 2018 

FII/DII	Net Change (in Cr.)
FII	-1043.31
DII	+278.84

Corporate Events​ & ​Results Corner

• Drug firm, Zydus Cadila has received final approval from the US health regulator to market Nifedipine extended-release tablets and Cholestyramine for oral suspension in the American market.
  
• ITC is planning to explore entry into more consumer categories and launch 30-40 new products each year.
  
• Private steel maker, JSPL reported a 36% rise in the domestic crude steel production to 1.23 million tonnes (MT) for the quarter ended June 30.
  
• Non-banking financial company, Manappuram Finance has entered into an agreement to acquire 85.39% stake in Indian School Finance (ISFC) for over INR. 212 Cr.
  
• Honda Motorcycle & Scooter India reported a 28% growth in volume in June at 571020 units.