Home / TIPS / Equity Report Outlook|24 carat financial services | 4 September 2017

Equity Report Outlook|24 carat financial services | 4 September 2017

Equity tips:-

NIFTY:-

Markets end lower; Nifty holds 9,900  

Nifty closed at 9,912 level, down by 61 points, while Sensex closed at 31,702 level, down by 189 points in Monday’s trading session. Infosys and HDFC Bank were the top contributors to the losses of the major indices.There were 583 advances, 1,102 declines and 319 unchanged stocks on NSE, reflecting that bears were in control of the market .

Downfall in the markets may be attributed to the increased geopolitical tensions. In the broader markets, BSE Mid-cap index outperformed the major indices, closed at 15,580 level, down by 0.68%. BSE Small-cap index closed at 16,020 level, down by 0.68%. Bank Nifty ended at 24,212 level, down by 221 points. IndusInd Bank was the top loser in the index closed at Rs 1,662 per share, down by 1.79%.

BSE telecom was the top losing index, which closed at 1,410 level, down by 1.32%.

ITI was the top loser in the index ending at Rs 97.7 per share, up by 4.17%.

BSE Metal was the top gaining index, closing at 13,563 level, up by 0.24%. Coal India was top gainer on the index, closing at Rs 246 per share, up by 3.21%.

Apex Frozen Foods listed on NSE at Rs 202 per share, at a premium of Rs 27 per share or 15.4% as compared to its issue price of Rs 175 per share.

Market Snap:-

 Sector Watch:-

Index View-:

NIFTY:-

 Niy is looking bullish on long-term charts . 

• In today’s trading session Niy opened on a flat node and traded with negave movement 

  and  closed  at 9912 with overall loss of 0.62%. 

•Today Niy observed a sharp Downfall in the markets due to the increased geopolical 

  tensions but  it  still managed to give closing above its 50 days simple moving averages on 

  daily chart.

• Niy is sustaining above its important support mark of 9850. 

• Niy can test down side levels of 9800 & 9750 if it breaches its support level of 9850 while 

   up side 10,000 will act as a good resistance level.

 

BANKNIFTY:-  

• Bank Niy is looking bullish on long-term charts . 

•In today’s trading session Bank Niy opened on a flat node and traded with negave 

  movement and closed at 24936.85 with overall loss of 0.81%. 

•Today Bank Niy observed a sharp Downfall in the markets due to the increased geopolical 

  tensions but it sll managed to give closing above its 50 days simple moving averages on 

  daily chart. 

•Bank Niy is sustaining above its important support mark of 24050. 

•Bank Niy can test down side levels of 23800 & 23700 if it breaches its support level of 

  24050 while up side 24500 will act as a good resistance level. 

Gainers/Loser:-

GAINERS – NSE

 Losers – NSE

 Buzzing Stocks:-

Closing Bell:

Gainers: Coal India, Sun Pharma (+3%). Losers: IOC (-4%) Adani    Ports, ACC (-3%).

Sun Pharma erase morning losses, trades higher by 3%. The stock gains above Rs 500 for the first time since Aug 8.

Reliance Capital stock falls 5% as F&O contracts expire today. The stock will turn ex-date on Tuesday for the proposed demerger of Reliance Home Finance.

Nifty Bank Index down 1%. Canara Bank (-1.5%), Kotak Bank, IndusInd Bank, PNB, BoB (-1%).

ONGC seeks shareholders’ nod for raising upto Rs 25,000 Cr via debt. Stock advances 1%.

Jaypee Infra stock rises 2% after SC stays insolvency proceedings in NCLT.

Kwality stock slumps 20% on heavy volumes.

Sun TV stock spurts 4% after IPL auction.

Coal India stock gains 2% on good August numbers.

Tyre stocks slip as govt levies anti-dumping duty. Apollo Tyres, Balkrishna Industries (-1%).

Raymond stock hits fresh 52-week high with rising volumes. Momentum indicator like MACD Histogram is showing positive convergence indicating a continued upward momentum.

Market News:-

Sun TV extends gains

Shares of Sun TV Network were buzzing on the bourses during Monday’s trade as the stock soared over 4%, extending its intraday gains. Sun TV Network was trading at Rs 795.60 per share, up by Rs 27.65 or 3.60% as at 1434 hours on Monday, on the BSE. The stock witnessed a spurt in volume by more than 5.30 times and hit intraday high and low of Rs 803.85 and Rs 754, respectively. The Annual General Meeting (AGM) of the company is scheduled to be held on September 22, 2017. The stock attracted a traded volume of 42,63,371 shares and traded value of Rs 33,054.77 lakh on the NSE. The company had hit its 52-week high of Rs 946 on April 24, 2017, and 52-week low of Rs 434.15 on December 2, 2016, on the NSE. Sun TV Network is engaged in providing broadcasting services. The company operates through Media and Entertainment segment. Its geographical segments include India and others. It is engaged in producing and broadcasting satellite television and radio software programming in the regional languages of South India.

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