Nifty 8678/Sensex 28085/Bank Nifty 18933
17 Advances/ 33 Declines/ 1 Unchanged
Most Active Stocks: SBI , Lupin , Axis Bank
“Profit booking drags Sensex 97 pts, Nifty below 8700 post RBI meet; Lupin falls 5%”
“RBI Policy: Governor Rajan keeps key rates unchanged”
Nifty 50 opened today on an undecided note as RBI policy meet for monetary policy created some hawkishness for the opening session and as a result we saw Nifty slip below 8700 and consequently selling pressure intensified and hence we saw nifty negatively breach 8650 but showed some respite. Nifty 50 traded with intense volatility for the day as it opened at 8728 and from there tried to hold 8700 but eventually cracked to make low of 8638 as profit booking dominated the latter half of session and closed a bearish session at 8678 with loss of 0.38% to the index.
Key highlights of 9th August 2016
• With Lok Sabha approval, industry sees GST rollout from April 1.
• Lupin Q1 profit jumps 55% to Rs 882 cr, US biz surges 82%.
• AB Group gears up for a mega rejig, aims to focus on core biz.
• Idea dives 6% on Q1, telcos weak on spectrum worries.
• Godrej Properties Q1 revenues jump 53% but net up only 9%.
• Indian homes have Rs 78,000-cr worth goods lying unused'.
• 'Expect rate cut in Oct-Dec; RBI to stick to neutral liquidity' .
• Idea to bounce back from 52-week lows: PhillipCap .
• Seeing increased demand from road construction sector: Cummins
• Expect 15-20% growth for the next 2-3 years: Trident Ltd.
• Aim to increase distribution, grow market share: Vadilal .
Today Results Awaited
ADIENT
ALCHEM
AMBIT
ANSALBU
APCOTEXIND
BALAJITELE
BALMLAWRIE
BIRLACAP
BOMDYEING
BPL
CORPBANK
FINCABLES
IBREALEST
QUICK RESULT SUMMARY
• United Drilling standalone Jun '16 sales at Rs 37.40 crore.
• TPI India standalone Jun '16 sales at Rs 7.98 crore.
• Triochem Prods standalone Jun '16 sales at Rs 2.36 crore.
• - Tamil JaiBharat standalone Jun '16 sales at Rs 21.65 crore.
• Trimurthi standalone Jun '16 sales at Rs 1.68 crore.
• Tasty Bite standalone Jun '16 sales at Rs 58.85 crore.
• IOL Chemicals standalone Jun '16 sales at Rs 162.25 crore.
• Suryalata Spg standalone Jun '16 sales at Rs 87.88 crore.
• Sofcom Systems standalone Jun '16 sales at Rs 0.03 crore.
• 18 - Supertex Ind standalone Jun '16 sales at Rs 14.06 crore.
• Ujaas Energy standalone Jun '16 sales at Rs 93.70 crore.
• Ram Ratna Wires standalone Jun '16 sales at Rs 186.28 crore.
• Repco Home standalone Jun '16 sales at Rs 246.80 crore.
• Sterling Tools standalone Jun '16 sales at Rs 95.22 crore
Our BLOG call To Buy TATA Power(cash/Fut) Above 72.00 proved great as it made high of 76.80 before settling at 75.45 on closing.
Our call To Buy REC (Cash/Fut) Above 225 proved great as it made high of 232.75 before settling at 227.70 on closing. We booked Part profit around 230--231.
Our called proved fruitful even in turmoil market
“Hope you all Minted money” Just trade with level and you will mint money.
Now what to expect next??
NIFTY FUTURES : Nifty 50 futures is showing immediate resistance at 8740---8800. If this level is positively breached and sustained then only will expect further upside move else it could test its support level of 8680--8620 and then to 8550 mark.
BANK NIFTY: Bank Nifty futures traded with range bound volatility throughout the day As RBI policy meet and review regarding monetary policy created some uncertainty at the opening session and hence we saw bank nifty open at 18989 and made low of 18905 as panic intensified for the latter half of session and hence closed the range bound volatile session at 19004 .
Bank Nifty futures is showing immediate resistance at 19080--19200. If this level is positively breached and sustained then next resistance around 19450--19575 while Bank Nifty Future has support at 18850--18700.
Top Pick of the day
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