Morning Release of 25 September 2018. |
Outlook
Nifty wrapped up the trading session on a highly negative zone with a change of -1.58% at the levels of 10967.40. Nifty charts are indicating a bearish move to continue with an immediate upside resistance of 11110-11195-11220 and a support of 10910-10850-10800.
Indian shares fell more than 1% and ended lower for a fifth straight session on Monday, dragged by financials, such as, Indiabulls Housing Finance Ltd. and Housing Development Finance Corp Ltd., as investors continued to trim exposure to non-banking financial companies. Indiabulls Housing Finance extended losses to a second session, closing 7.30% lower.
The benchmark indices had plunged more than 3% on Friday as housing finance stocks witnessed heavy selling on worries over weak balance sheets. The benchmark BSE Sensex closed down 1.46% at 36305.02, its lowest close since July 11. The broader NSE Nifty ended 1.58% lower at 10967.40.
The benchmark indices had plunged more than 3% on Friday as housing finance stocks witnessed heavy selling on worries over weak balance sheets. The benchmark BSE Sensex closed down 1.46% at 36305.02, its lowest close since July 11. The broader NSE Nifty ended 1.58% lower at 10967.40.
Top Gainers
Company Name |
Close (in INR.) |
% Change |
TCS |
2208.00 |
+4.99% |
COALINDIA |
281.60 |
+2.31% |
INFY |
719.95 |
+2.08% |
Top Losers
Company Name |
Close (in INR.) |
% Change |
IBULHSGFIN |
985.00 |
-7.26% |
EICHERMOT |
26000.00 |
-6.94% |
M&M |
898.00 |
-6.45% |
52 week High & Low
Company Name |
Close (in INR.) |
High or Low? |
AIONJSW |
28.10 |
HIGH |
DELTAMGNT |
139.80 |
HIGH |
A2ZINFRA |
16.20 |
LOW |
AARVEEDEN |
25.30 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10967.40 |
-1.58% |
NIFTY IT |
16175.30 |
+2.16% |
NIFTY PHARMA |
9994.75 |
-2.51% |
NIFTY FMCG |
24749.20 |
-2.16% |
NIFTY REALTY |
235.55 |
-5.29% |
BANK NIFTY |
24970.35 |
-2.45% |
INDIA VIX |
17.42 |
+12.18% |
FII/DII Activity as on 24 September 2018
Investor |
FII |
DII |
Net Change (in Cr.) |
-523.90 |
+1527.67 |
Corporate Events & Results Corner
- Realty firm, Godrej Properties will develop a new luxury housing project in Noida in partnership with Shipra Group. This is Godrej Properties' fourth project in Noida and 13th project in the National Capital Region (NCR).
- Ramco Systems has bagged an order from US-based technology service provider Advanced Global Resources LLC (AGR) to supply Ramco Aviation Suite, a software, in order to track and manage inventory on a real-time basis.