Nifty 8565/Sensex 27942/Bank Nifty 18863
39 Advances/ 12 Declines/ 0 Unchanged
Europe drives Sensex, Nifty to new 10-month high; PSU Bank up 2.6%
Europe-led strength in last hour of trade helped the equity benchmarks
end at fresh 10-month closing highs on Thursday. Even the likely meeting
between NDA and Congress over various issues of Goods & Services Tax (GST)
and possible announcement of new RBI governor by weekend also lifted sentiment.
Banking & financials, auto, infra and FMCG stocks led the support.
The 30-share BSE Sensex was up 126.93 points or 0.46 percent at
27942.11 and the 50-share NSE Nifty gained 45.50 points or 0.53 percent at
8565. The broader markets also participated in late uptrend as the BSE Midcap
and Smallcap indices were up 0.5-0.7 percent.
Bank Nifty remained strong as well and closed at 18863 gaining 244
points.
Key highlights of 14 th July
2016
TCS Q1 profit beats estimates at Rs 6318 cr, revenue rises 3%
June WPI hardens to 1.62% YoY thanks to food prices
We hope govt meaningfully addresses GST concerns: Anand Sharma
After iSmart, Hero is gearing up for more launches, says Munjal
Longer payment cycle, not weak demand, hurting SMEs: HDFC Bank
Max India lists at Rs 180, locked at 5% lower circuit on debut
L&T Infotech's Rs 1,243 cr IPO oversubscribed 11.67 times
'Dovish' Panagariya may cut rates twice if appointed: Expert
NBCC up 5%; Citi initiates with buy, target price of Rs 300
Will endeavour to double revenue in FY17: Intrasoft Tech
Godrej sees no threat from firms tapping 'naturals' market
PSBs' loan growth to remain muted at 9% till FY19: Report
Our recommendations continue to outperform the market
Our recommendations continue to outperform the market
We booked full profit in BTST of Gail, Told to
buy around 392 and full profit was booked at 396.
PNB future was told to buy above 128, and we booked part profit in it at 130.70
In bank Nifty as well we booked part profit around 18830—18850, told to buy above 18730.
Onmobile was told to buy around 117—115, we booked part profit in at at 124.
Do you still need trials?? Aren’t you minting tonnes of money already??
PNB future was told to buy above 128, and we booked part profit in it at 130.70
In bank Nifty as well we booked part profit around 18830—18850, told to buy above 18730.
Onmobile was told to buy around 117—115, we booked part profit in at at 124.
Do you still need trials?? Aren’t you minting tonnes of money already??
Now what to expect today?
Nifty future levels
Nifty futures is now trading close to the
resistance of 8590—8600, and if it opens gap up today there is high chances
that it will cross this resistance and close above this. But since its Friday and
profit booking could come of the yesterday’s rally ,one has to be careful.
Above
8000... target intact 9100---9200+ mark in days to come.
It has immediate support intact at 8560—8490.
Today's Top Pick
Today we can bet on TCS. Quarter results up to the mark. Above 2530... catch it. We will see rally till 2580---2630+ mark.
Support at 2470.
More will update soon!!
It has immediate support intact at 8560—8490.
Today's Top Pick
Today we can bet on TCS. Quarter results up to the mark. Above 2530... catch it. We will see rally till 2580---2630+ mark.
Support at 2470.
More will update soon!!
