Closing Bell

The BSE Sensex and NSE Nifty continued their dull trade throughout the day and closed on a flat note on Friday. Sensex ended marginally higher by 12.53 points at 36,386.61, while Nifty 50 index closed 1.75 points up at 10,906.95.

The Sensex hit an intraday high of 36,469.98 and a low of 36,218.33. Similarly, the Nifty touched an intra-day high of 10,928.20 and a low of 10,852.20. The market breadth was negative as 1,639 shares declined, against a advance of 906 shares, while 166 shares were unchanged.

In the 50-share index, Reliance Industries, Wipro, Kotak Bank, Hindalco and HCL Tech gained between 1.39 per cent and 4.53 per cent. On the other hand, Sun Pharma, Bharti Airtel, GAIL, HPCL and L&T dropped between 1.97 per cent and 8.51 per cent.

Among the sectors, pharma, PSU Bank, Infrastructure, FMCG and auto remained under pressure, while energy and IT stocks witnessed buying interest.

USFDA inspects Alkem's Daman facility

Alkem Laboratories informed on Friday that USFDA has completed inspection at its Daman facility located at Daman. At the end of the inspection, no Form 483 was issued.

 

NIIT Technologies Q3 results

Consolidated net profit was down 10.3 per cent at Rs 100.2 crore, rupee revenue was up 7 per cent at Rs 971.7 crore.

Dhanlaxmi Bank Q3 results

Net profit at Rs 16.9 crore against loss of Rs 21.7 crore. December quarter net NPA at 2.93 per cent versus 2.92 percent in the previous quarter.

 

Rallis India Q3 profit down 45% 

Tata group firm Rallis India , which is into crop protection business, has reported a 45 per cent decline in consolidated net profit to Rs 13.76 crore for the quarter ended December 2018 on higher tax outgo and other expenses. Read the full results here

 

Apollo Micro Systems inks deal with P2M Aviation Sagl

Apollo Micro Systems has entered into deal with P2M Aviation Sagl to promote and market speed canard aircraft across the world.  P2M would transfer Technology to Apollo Micro Systems enabling the company to commence manufacture of the aircraft.

 

Ratnamani Metals bags Rs 200 cr order

Ratnamani Metals and Tubes has received new domestic order aggregating to Rs 200 crore for supply of coated CS pipes for Oil & Gas sector to be completed by October, 2019.

 

BSE Gainers/Losers at 1 pm

 

Nifty call: Go short with stop-loss at 10,940

The Nifty 50 futures contract has been struggling to gain momentum over the last few days. The contract has been facing strong resistance around 10,970. Though this hurdle was tested several times in the last few days, the contract has failed to breach it. This leaves the bias negative over the short term. Read the technical analysis here

 

Reliance Industries shares up 2% post Q3 results

Shares of Reliance Industries Ltd (RIL) rose by 2 per cent on Friday after the company became the first Indian private sector firm to report a quarterly profit of more than ₹10,000 crore.

The scrip after a positive opening, gained further strength and rose 2 per cent to ₹1,156.55 on the Bombay Stock Exchange (BSE). Read the full story here

 

Nifty Sectoral Indices trend at 12.30 pm

 

Surya Roshni bags order worth Rs 45 cr

Surya Roshni Ltd on Friday announced that it has received Rs 45.67 order for LED street lights from EESL.

 

Current trends in Nifty FMCG pack

 

TCS recognised as `leader' in capital markets application services

Tata Consultancy Services (TCS), leading global IT services, consulting, and business solutions organisation, has been recognized as a Leader in the Everest Group PEAK Matrix for application services in Capital Markets. The report cites the software major's engagements in Agile/DevOps implementation and cloud services as best-in-class examples.

 

Sun Pharma tumbles on report of fresh allegations by whistleblower

Shares of India's Sun Pharmaceutical Industries Ltd slumped over 13 percent on Friday to near six-year low, after a media report of a complaint by a whistleblower raised fresh concerns on the drugmaker's corporate governance. Read the full report here

 

Shilpa Medicare gets USFDA nod for leukemia drug

Shilpa Medicare has informed on Friday that it has received USFDA nod for its Imatinib Mesylate tablets, 100 mg and 400 mg. It is a generic equivalent of gleevec tablets, used in the treatment of leukemia. It is estimated that the US market for this table is approximately $ 885 million.

 

Parag Milk to airlift premium milk brand to Delhi-NCR

Leading private dairy company Parag Milk Foods Ltd expects its farm-to-home brand-  Pride of Cows  to touch the Rs 200 crore-mark in sales in the next 2-3 years.  Read the full story here

 

 

Pharma index down more than 2 per cent

 

 

Nifty Sectoral Indices at 10.45 am

 

Nifty50 Gainers/Losers

 

 

Rupee slips 21 paise to 71.24 vs USD

The Rupee on Friday depreciated 21 paise to 71.24 in early trade in the forex market amid strengthening American currency and rising crude prices. Read the full forex report here

 

Wipro : Focus on results, bonus meet

The board of Wipro will meet on Friday to consider results for the quarter ended December 2018. Read `What to Watch' here

Will acquisition help L&T Infotech ?

Read `What to Watch' here

 

Broker's call: Trident (Buy)

CMP: ₹70.85

Target: ₹90

Trident’s revenue grew by 18 per cent y-o-y to ₹1,290 crore; Textile revenue grew by 18.6 per cent y-o-y to ₹1,030 crore, aided by strong in the home textile segment and Paper revenue grew 15.7 per cent y-o-y to ₹259 crore. Cllick here to read the buy call

 

 

Broker's call: Mindtree (Buy)

CMP: ₹867.4

Target: ₹1,050

Mindtree’s key verticals including CPG (consumer packaged goods) & Retail, Travel and Hi-tech are witnessing good traction, while BFSI remains currently subdued owing to lower digital proportion. Cllick here to read the buy call

 

Sensex opens in green; Nifty trades above 10,900

Market open : Equity benchmarks have started the day on a positive note, with the Nifty is trading above 10,900 level.

The Sensex is up 43.50 points at 36,417.58, while Nifty is up 9.65 points at 10,914.85. About 440 shares have advanced, 318 shares declined, and 32 shares are unchanged.

 

US stocks edge up on defence, healthcare gains

Gains in defence shares as well as healthcare helped to keep US stocks in positive territory on Thursday.

S&P 500 industrials rose, led by defence contractors Lockheed Martin and Northrop Grumman , after US President Donald Trump unveiled a revamped US missile defence strategy. Read the full US markets report here

 

 

Day Trading Guide for January 18

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2129 • HDFC Bank

S1	S2	R1	R2	COMMENT
2117	2105	2145	2160	Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹2,117 levels

 

₹733 • Infosys

S1	S2	R1	R2	COMMENT
725	717	740	750	Fresh long positions can be initiated with a tight stop-loss only if the stock reverses higher from ₹725 levels

 

₹293 • ITC

S1	S2	R1	R2	COMMENT
291	288	297	300	Fresh long positions are recommended with a stiff stop-loss only if the stock of ITC advances above ₹297 levels

 

₹145 • ONGC

S1	S2	R1	R2	COMMENT
143	140	147	150	Consider initiating fresh long positions with a fixed stop-loss only if the stock moves beyond ₹147 levels

 

₹1133 • Reliance Ind.

S1	S2	R1	R2	COMMENT
1120	1105	1145	1160	As long as the stock trades above ₹1,120, the near-term view is positive for the stock. Buy in declines

 

₹297 • SBI

S1	S2	R1	R2	COMMENT
292	285	303	310	Make use of intra-day rallies to initiate fresh short positions while maintaining a fixed stop-loss at ₹303 levels

 

₹1895 • TCS

S1	S2	R1	R2	COMMENT
1875	1850	1910	1930	Consider initiating fresh long positions with a fixed stop-loss if the stock of TCS advances above ₹1,910 levels

 

10925 • Nifty 50 Futures

S1	S2	R1	R2	COMMENT
10870	10820	10970	11020	Initiate fresh long positions with a tight stop-loss only if the contract bounces up from 10,870 levels

 

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

 

 

Today's Pick - Godrej Properties (₹764.7): Buy

Investors with a short-term perspective can buy the stock of Godrej Properties at current levels. The stock has been on a medium-term uptrend since taking support at ₹462 in early October 2018. Read the full technical analysis here

 

Asian stocks gained early on Friday, as hopes for a thaw in the US-China trade conflict fed investor appetites for risk assets.

The Wall Street Journal reported on Thursday that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for January 30. Read full story here