Markets Live: Sensex sheds 156 points, Nifty ends below 10,750



Sensex drops 156 points, Nifty50 ends at 10,737; Jet rallies 16%, YES Bank 6%; D-Mart tanks 11%



TCS hits 7-week low; chart suggests more downside

Shares of India's top software services exporter Tata Consultancy Services Ltd fell as much as 1.77 per cent to ₹1,810, their lowest since Nov 26, 2018. Click here read technical report




Top gainers and losers at 2 pm




Nifty Call: Sell in intra-day rallies with a stop-loss at 10,775

Taking negative cues from the Asian markets, Hang Seng index which has slumped 415 points or 1.5 per cent to trade at 26,251 in today's session, the Nifty and the Sensex began the session in red. Click here to read technical analysis



BHEL bags Rs 565 cr order for solar power plants in Telangana

The plants are to be set up at four locations Ramagundam (50 MW), Yellandu (39 MW), Manuguru (30 MW) and Pegadapally (10 MW), on EPC basis. Click here to read the story


1 pm

FMCG stocks on a purple patch

Rising rural demand, increasing preference for premium and natural products are driving FMCG sales. Click here to read the Big Story



WPI inflation at 8-month low of 3.80% in December

 Inflation in the ‘fuel and power’ basket in December slumped to 8.38 per cent, nearly half of 16.28 per cent in November due to lowering of prices of petrol and diesel. Click here to read full report



12 noon

Gold may pause before breaching $1,300

MCX Gold


₹31,500, ₹31,000


₹32,150, ₹32,600

MCX Silver


₹39,000, ₹38,500


₹39,700, ₹40,500

Fresh buying interest at lower levels can limit the downside in prices. Click here to read bullion cues analysis



REC tax-free bonds: Shockproof returns

Since REC is govt-backed, investments made in its tax-free bonds enjoy capital safety. Read the full Debt Watch here



Your Stock Porfolio: Asian Paints

The long-term trend will be up as long as the stock trades above ₹1,100. Click here to read the full analysis



IndusInd Bank hits over one-month low

Shares of IndusInd Bank Ltd fall as much as 2.42 per cent to ₹1,478.55. This has been the lowest since December 11, 2018. Click here to read full report



Your Stock Portfolio: Tata Elxsi (₹ 961.6)

After a sharp fall in September and early October 2018, the stock of Tata Elxsi found support at ₹950 in late October.

The stock has been on a sideways consolidation phase in the band between ₹950 and ₹1,100 since then. It currently tests a key support as well as The lower boundary at ₹950. The medium term trend is down for the stock.

A strong fall below ₹950 will strengthen the downtrend and drag the stockdownto ₹900 and then to ₹850 in the short to medium term.

Key resistances are placed at ₹1,000 and ₹1,100. A strong break above ₹1,250 is needed to alter the medium-term downtrend and take the stock higher to ₹1,350 and ₹1,400 levels.



Weekly Trading Guide

Here are the top five stock picks for trading. 




Avenue Supermarts falls 9% on Q3 results

The shares of Avenue Supermarts Ltd, which owns supermarket chain D-Mart, plunged as much as 9.5 per cent to Rs 1,422.15, their lowest since November 28. Click here to read the report



Infosys climbs on raising FY guidance

Shares of Infosys Ltd rose as much as 3.9 per cent to ₹710.2, their biggest intra-day per cent gain since November 28, 2018. Click here to read the report



NIfty 50 gainers and losers




Rupee falls against US dollar

The rupee on Monday depreciated 10 paise to 70.59 per US dollar in early trade amid strengthening of the American currency and weak opening in domestic equities. Click here to read the report




Infosys: Firing on all cylinders

Infosys delivered robust numbers in the third quarter and revised its guidance for FY19 higher. The open market buyback of shares at a maximum of ₹800 a piece comes as the icing on the cake. Click here to read the full analysis




V-Guard: Picking up charge (Buy)

Diversification across product categories and  focus on technology should pay off. Read full stock analysis here



DB Corp: Ads to add value - Buy

Expansion to newer markets and increased ad spends from the government are positives for the company. Read the full analysis here




Index heat map

Index heat map




The equity market opens on a weak note on Monday. Barring IT and Healthcare, all other sectoral indices are trading in the red. Read the market report here



Indian equity market opens on a weak note on Monday. At 09:21 am, the Sensex is down 156.94 points or 0.44% at 35,852.90, and the Nifty falls 47.90 points or 0.44% at 10747.05.



Asian markets trade flat: Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth. Read more...



Weekly Trading Guide: SBI

SBI (302.5)



SBI surged breaking above the key ₹300-₹302 resistance zone last week, but failed to get a strong follow-through buying. The stock made a high of ₹307.2 and has come-off, giving back some of the gains.

However, the outlook remains positive. Immediate support is at ₹300 and the next key support is in the ₹295-293 region. An up-move to ₹310 and ₹312 is likely in the near term. A break above ₹312 will increase the likelihood of the up-move extending towards ₹320 and ₹322.

As being reiterated over the last couple of weeks, the region around ₹322 is a crucial long-term resistance and the price action around it will need a close watch. The stock will come under pressure only if it declines below ₹293 decisively.

The next targets are ₹285 and ₹280. But a fall below ₹293 looks unlikely at the moment as fresh buyers are likely to emerge at lower levels.

Traders can hold the long positions taken above ₹294 with a revised stop-loss at ₹301. Move the stop-loss higher to ₹305 as soon as SBI goes up to ₹309. Book profits at ₹318.



9.00 am

Both the Sensex and the Nifty continue to test significant resistances. Stay watchful. Read the markets outlook here



Published on January 14, 2019