Published On 07 Feb 2019 Research Analyst Report 07 Feb 2019 Premium Equity Daily Journal Strictly for Client Circulation Nifty 11069.40 6.95 (0.06%) Sensex 36971.09-4.14 (-0.01%)
Market Wrap Positive market breadth- Volatility ruled the roost in afternoon trade as the key benchmark indices once again regained positive zone soon after erasing intraday gains. At 13:23 IST, the barometer index, the S&P BSE Sensex, was up 77.16 points or 0.21% at 37,052.39. The Nifty 50 index was up 20.30 points or 0.18% at 11,082.75. The Sensex was currently trading above the 37,000 mark after opening above that level. The market opened higher and extended gains in morning trade. Indices trimmed gains in mid-morning trade. Shares turned volatile in early afternoon trade after the Reserve Bank of India's Monetary Policy Committee voted to pare the repo rate by 25 basis points to 6.25%. Indices pared gains in early afternoon trade soon after hitting intraday high. Among secondary barometers, the BSE Mid-Cap index was up 0.99%. The BSE Small-Cap index was up 0.77%. Sensex, Nifty turn volatile- A bout of volatility was witnessed as key equity benchmarks sharply pared gains after hitting fresh intraday high in early afternoon trade after the Reserve Bank of India's Monetary Policy Committee voted to pare the repo rate by 25 basis points to 6.25%. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 79.43 points or 0.21% at 37,054.66. The Nifty 50 index was up 26.65 points or 0.24% at 11,089.10. The Sensex was trading a tad above the 37,000 mark after opening above that level. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5% to 6.25% with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 6.0%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.5%.
Buzzing Stocks Chalet Hotels lists at a discount of 5% at Rs 265. Lupin receives USFDA nod for Tadalafil tablets; Stock down 2% on weak Q3 results. Glenmark gets tentative ANDA nod for Fulvestrant injection. Siemens stock shines 5% after Dec quarter profit rises 20%. Tata Motors up 2% ahead of December quarter results. Nifty Auto index gains 1.5%. TVS Motor, Ashok Leyland (+4%), Bajaj Auto (+3.5%). Sun Pharma gains 2% on strong Taro earnings.
Market Action Feb 07, 15:15 Bajaj Finance 2,697.70-9.95 (-0.37%) Monetary policy: Rate cut unlikely to impact. banks; it's advantage stronger NBFCs. Feb 07, 14:30 Cadila Healthcare 323.00 4.65 (1.46%) Cadila Healthcare Q3 net profit jumps 22% at Rs 510 crore. Feb 07, 13:45 Reliance Industries 1,290.20-19.65 (-1.50%) Reliance Jio now largest investor in West Bengal's digital space: Mukesh Ambani. Feb 07, 09:30 Siemens 1,055.70 39.75 (3.91%) Siemens jumps 6% after Dec quarter profit rises 20% to Rs 228 crore. Feb 07, 08:45 Bajaj Auto 2,855.00 83.55 (3.01%) EXCLUSIVE: Bajaj Auto to roll out Husqvarna before September, Triumph takes a back seat. Feb 07, 08:45 Lupin 821.75-20.20 (-2.40%) Lupin expects better show in Q4FY19 led by US launch of Levothyroxine, Ranolazine. Feb 07, 08:45 Jet Airways 236.60 0.00 (0.00%) Jet Airways alters penalty framework for cancellation of tickets and other changes. Feb 07, 08:45 Punj Lloyd 1.99-0.10 (-4.78%) Punj Lloyd Q3 net loss widens to Rs 2,795 cr.
Nifty Spot View NIFTY 50 11069.40 6.95 (0.06%) Intraday 52 Weeks (Bullish) Open 11,070.45 High 11,118.10 11,760.20 Previous Close 11,062.45 Low 11,043.60 9,951.90 R2 11,151 R1 11,110 Pivot 11,076 S1 11,035 S2 11,001 After opening higher Sensex and Nifty turnesd choppy in the afternoon trade after RBI cut rates by 25 basis points and ended the session on a flat note. The Sensex closed 4 points down at 36,971.09 while the Nifty ended above the 11,050-mark. Sun Pharma shares extended rally in the afternoon trade to close 4% higher at Rs 438 after its subsidiary Taro Pharma reported strong Q3 results. Bajaj Auto shares closed 3% higher at Rs 2,855 in the afternoon trade on Thursday. Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary. MSCI s broadest index of Asia-Pacific shares outside Japan was little moved in early trade after ending almost unchanged on Wednesday. Japan s Nikkei dipped 0.2 percent, while E-Mini futures for the S&P 500 were off 0.06 percent in very thin trade. Wall Street had already snoozed through a subdued session, though disappointing revenue forecasts hammered shares of the major videogame makers, Reuters reported. We bring to you live updates. As per the pivot table 11001-11035 are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of 11151-11110.
Nifty Spot View NIFTY BANK 27387.15-15.20 (-0.06%) Intraday 52 Weeks (Bearish) Open 27,424.10 High 27,589.75 28,388.65 Previous Close 27,402.35 Low 27,322.95 23,605.60 R2 27,699 R1 27,543 Pivot 27,432 S1 27,276 S2 27,165 Benchmark indices ended flat on Thursday with Nifty ended above 11,000 level. RBI in its MPC meeting has cut repo rate by 25 bps at 6.25 percent. The Sensex was down 4.14 points at 36971.09, while Nifty was up 6.90 points at 11069.40. About 1377 shares have advanced, 1145 shares declined, and 164 shares are unchanged. Zee Entertainment, Sun Pharma, Eicher Motors, Bharti Infratel and Bajaj Auto are the top gainers on the Nifty, while losers include JSW Steel, Reliance Industries, L&T, Hindalco and Power Grid. Among the sectors, auto, FMCG, IT and pharma index saw some buying interest, while energy and infra index remain under pressure. On account of profit booking in last trading hours, the Indian indices lost all the gains that it registered post RBI Monetary Policy decision to cut Repo Rates by 25 bps to 6.25 per cent. The BSE sensitive index edged down 4 points to 36,771 while the Nifty edged up by 6 points to 11,069 from its Wednesday close. Meghmani Organics, Siemens, Vakrangee, GIC Housing Finance and Avanti Feeds were the top gaining stocks on Thursday while Reliane Infra, Reliance Capital, Kwality, Reliance Communication and IL&FS Transportation counter were the top losing stocks today. As per the pivot table 27165-27276 are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of 27699-27543.
Key Indices Index LTP High Low % Change Nifty 50 Bank Nifty Nifty Next 50 11,229.05 11,272.20 11,198.75 +23.05 Nifty 100 Nifty 200 Nifty 500 Nifty Midcap 100 Nifty Smallcap 100 Advance/Decline Today 11,069.40 11,118.10 11,043.60 +6.95 27,387.15 27,589.75 27,322.95-15.20 26,956.15 27,011.40 26,652.95 +316.35 5,770.15 5,792.20 5,752.80 +15.30 9,145.80 9,179.75 9,116.15 +27.10 16,845.00 16,913.00 16,709.45 +124.20 6,030.10 6,052.80 5,982.55 +42.50 Index Advance Decline Nifty 50 30 17 Nifty Next 50 30 19 Nifty 100 60 37 Nifty 200 107 79 Nifty 500 243 165 Sector Indices Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media 2,256.65 2,265.60 2,190.00 +55.45 Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 2,835.80 2,855.05 2,806.60 +2.85 8,736.70 8,756.25 8,581.00 +169.30 15,225.10 15,472.65 15,185.50-169.05 224.95 227.45 224.45-0.15 9,056.15 9,088.55 8,937.95 +149.25 11,606.50 11,685.15 11,576.15-3.65 30,266.30 30,319.50 30,034.45 +237.30 2,940.60 3,002.20 2,930.45-10.90 16,085.85 16,167.85 16,031.15 +30.25
INDEX PULLERS AND DRAGGERS Index Pullers Index LTP Change(%) Contribution Points ITC 280.30 2.60 (0.94%) 5.52 Sun Pharma.Inds. 434.90 18.30 (4.39%) 4.84 Maruti Suzuki 7,302.55 119.15 (1.66%) 3.89 Bajaj Auto 2,853.60 83.45 (3.01%) 2.75 Zee Entertainmen 408.75 20.75 (5.35%) 2.74 Index Draggers Index LTP Change(%) Contribution Points Reliance Inds. 1,290.40-19.85 (-1.51%) -17.24 H D F C 1,969.65-18.30 (-0.92%) -7.61 Larsen & Toubro 1,296.05-18.35 (-1.40%) -5.74 HDFC Bank 2,117.25-5.40 (-0.25%) -2.91 JSW Steel 273.10-6.20 (-2.22%) -1.61 Stock Showing Activity Top Gainers- Nifty 500 Index LTP Change(%) Orient Cement 71.75 7.65 (11.93%) J Kumar Infra 118.75 11.55 (10.77%) CG Power & Indu. 35.55 3.00 (9.22%) PC Jeweller 72.30 6.05 (9.13%) ICICI Pru Life 311.90 23.55 (8.17%) Top Losers- Nifty 500 Index LTP Change(%) Reliance Infra. 110.65-43.65 (-28.29%) Reliance Power 10.00-2.75 (-21.57%) Reliance Capital 116.20-27.90 (-19.36%) Reliance Home 24.05-2.85 (-10.59%) JP Power Ven. 1.55-0.15 (-8.82%)
52-Weeks High-Low 52-Weeks High- Nifty 500 52-Weeks Low- Nifty 500 Index LTP Change(%) Index LTP Change(%) Havells India 748.15 10.65 (1.44%) Divi`s Lab. 1,670.15 16.90 (1.02%) UPL 809.00 3.75 (0.47%) Infosys 764.00 0.70 (0.09%) Bata India 1,195.50-5.15 (-0.43%) Reliance Infra. 110.65-43.65 (-28.29%) Reliance Power 10.00-2.75 (-21.57%) Reliance Capital 116.20-27.90 (-19.36%) Reliance Home 24.05-2.85 (-10.59%) JP Power Ven. 1.55-0.15 (-8.82%) Global Indices Index Date Value Change %Change Straits Times 3,200.64 +16.08 +0.50% Nikkei 225 20,751.28-122.78-0.59% Hang Seng 27,990.21 +59.47 +0.21% SSE (Shanghai) 2,618.23 +33.66 +1.30% Nasdaq 7,375.28-26.80-0.36% 07/02/2019 S&P500 2,731.61-6.09-0.22% Dow Jones Ind. Avg. 25,390.30-21.22-0.08% CAC 40 5,055.55-23.50-0.46% DAX 11,248.76-75.96-0.67% BEL-20 3,553.84-23.93-0.67% FTSE 100 7,165.59-7.50-0.10%
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