Sensex, Nifty end marginally higher

Closing Bell

Stock market indices ended marginally higher on Tuesday ahead of the US Federal Reserve's two-day interest rate meeting, while crude prices softened on concerns around global growth.

After rising over 200 points in the opening session, the 30-share index moved in a rangebound manner during intraday and ended at 39,046.34, gaining 85.55 points from its previous close.

Similarly, the broader NSE Nifty ended up by 19.35 points, or 0.17%, at 11,698.80.

The IT sector was the top performer, rising 0.58%, on a volatile day with the India VIX index down 0.85%.

The Nifty FMCG index was lower by 123.15 points at 29,580.75 after India slapped tariffs on 28 U.S. goods, including almonds, apples and walnuts from June 16.

Airlines such as Spicejet and Interglobe Aviation rose nearly 3% and 1.55% respectively after Jet Airways lenders sought bankruptcy for the airline in a last ditch effort to recover some of their dues.

Jet shares fell 41% to Rs 40, extending their losing streak to nine days.

Maruti Suzuki India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 6,443.80 down 2.10% on the NSE. Maruti Suzuki India Ltd has lost around 7.88% in last one month.

 

 

 

3 pm

Maruti down over 2% on cut in vehicle production

Maruti Suzuki India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 6,443.80 down by Rs 138 or 2.10% on the NSE.

The company has cut its vehicle production by over 18 per cent in May.

Maruti Suzuki India Ltd has lost around 7.88% in last one month. Meanwhile, Nifty Auto index of which Maruti Suzuki India Ltd is a constituent, has eased around 6.27% in last one month and is currently quoting at 7,837.60, down by 58.50 or 0.75% today. The volumes traded in the stock stood at 8.29 lakh shares as at 2.55 pm today.

Maruti launches BS-VI version of WagonR, priced up to Rs 5.96 lakh

Carmaker Maruti Suzuki India (MSI) on Friday said it has launched hatchback WagonR with BS-VI compliant 1.2-litre petrol engine. Depending on the ...

Read More

Maruti cuts vehicle production by 18% in May

The India’s car maker Maruti Suzuki India (MSI) has cut vehicle production by over 18 per cent in May, according to a regulatory filing. It is the ...

Read More

Auto sales continue to skid as industry faces headwinds

Industry seeks govt support to stimulate growth

Read More  

2.40 pm

IndusInd Bank shares up nearly 2%

Shares of IndusInd Bank went up by Rs 25.50 or 1.82% to Rs 1,425.25 on the NSE today after IndiaRatings reaffirmed the credit rating of the debt instruments issued by IndusInd Bank.

The rating of infra bonds and the long term issuer rating have been reaffirmed at AA+, with stable outlook. The rating of additional tier I bonds was reaffirmed at AA with stable outlook and term issuer rating has been reaffirmed at A1+

 

Broker's call: IndusInd Bank (Buy)

JMFLIndusInd Bank (Buy)CMP: ₹1,425.1Target: ₹1,860We recently met IndusInd Bank for an update on the bank’s evolving business environment. Management ...

Read More  

2.10 pm

 

Sensex stocks

 

 

2 pm

AU Small Finance Bank rises nearly 2% on NCD issue proposal

AU Small Finance Bank Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on June 20, 2019 to consider and approve Issue of Basel II compliant, Rated Unlisted, Tier II Unsecured subordinated Redeemable Non-Convertible Debentures, being classified as subordinated debt. Following this report, the stock of AU Small Finance Bank gained 1.45% to Rs 695.65 on the NSE today.

 

1.50 pm

HDFC Asset Management stock drops 6%

Shares of HDFC Asset Management Company Limited declined nearly 6% to Rs 1,818.55 on the NSE today after the company said it would provide liquidity arrangement to FMP schemes on their exposure to NCDs issued by Edisons Infrapower & Multiventures Private Limited and Sprit Infrapower & Multiventures Private Limited, companies promoted by the Essel group.

HDFC AMC informed the BSE today that it has decided to provide a liquidity arrangement to certain fixed maturity plan schemes of HDFC Mutual Fund (collectively "FMP Schemes"), to deal with the illiquidity faced by such FMP Schemes due to their exposure to the Non-Convertible Debentures ("NCDs")issued by Edisons Infrapower & Multiventures Private Limited and Sprit Infrapower & Multiventures Private Limited, companies promoted by the Essel group (collectively "Essel Group Companies").

This liquidity arrangement shall only apply in case of FMP Schemes (having an exposure to the NCDs issued by the Essel Group Companies) which have either already matured in the month of April, 2019 and/ or will mature till the standstill arrangement entered into by the Company with Essel Group Companies is in force.

Provision of such liquidity arrangement will entail acquisition by the Company of NCDs issued by the Essel Group Companies held by such FMP Schemes at the prevailing valuation as on respective maturity/purchase dates. The liquidity arrangement may involve an aggregate outlay not exceeding Rs 500 crore and will be put in place shortly.

Provision of this liquidity arrangement is without prejudiceto the validity of the Company's action of entering into the abovementioned standstill arrangement. Such liquidity arrangement is in the larger long term interest ofthe Company and is being undertaken purely as a measure to provide liquidity to the relevant unitholders.

HDFC AMC’s 4th quarter net profit up 60% on lower expenses

Board declares final dividend of ₹12/share

Read More  

HDFC AMC to pay ₹12 interim

HDFC Asset Management Company has declared an interim dividend of ₹12 a share for the financial year ending March 2019.The dividend pay out was ...

Read More  

1.40 pm

Surya Roshni climbs nearly 3.50% on new order

Surya Roshni today informed the BSE that it has received order worth Rs 151.88 crore for supply of API Grade 3LPE Coated line Pipes from Bharat Gas Resources for CGD project. Following this report, Surya Roshni shares went up by 3.40% to Rs 244.20 on the BSE.
 

Will new orders light up Surya Roshni?

Surya Roshni has bagged orders worth ₹49.18 crore (including GST). It won an order from Energy Efficiency Services for design, manufacture, testing, ...

Read More

Surya Roshni receives Rs 50 cr order from AP govt

Surya Roshni obtained an order for ₹50.34 crore for design, manufacture, testing, supply and warranty of LED street lights and other related works to ...

Read More

Surya Roshni: CARE maintains A1 rating

CARE Ratings has reaffirmed its CARE A1+(SO) rating for the ₹350-crore commercial paper program of Surya Roshni. The rating is based on the audited ...

Read More  

1.35 pm

Star Cement climbs 8.70% on share buy-back plan

 

Shares of Star Cement surged 8.70% to Rs 127 on the BSE today following the company's announcement that the board would meet on June 21 to consider and approve a proposal for Buy- Back of the Company's Equity Shares, in accordance with applicable provisions of laws.

 

Broker's call: Star Cement (Buy)

Elara CapitalStar Cement (Buy)CMP: ₹92Target: ₹147Star Cement (SCL) is market leader in North-east region (NER), with about 22 per cent share as on ...

Read More

Star Cement gets Rs 158 cr as capital investment subsidy

Cement maker Star Cement today said it has received Rs 158.82 crore towards capital investment subsidy claim from the government. The company will use ...

Read More  

12.30 pm

Nifty 50 June Futures (11,732): Buy in declines with a fixed stop-loss at 11,700 levels

The Nifty June month contract began the session on a flat note, opening at 11,701 levels. Following an initial decline, the contract recorded an intra-day low at 11,678 and started to trend upwards. It has marked an intra-day high at 11,739 levels. Traders with a near-term view can make use of intra-day dips to buy the contract while maintaining a stop-loss at 11,700.

 

 

12.15 pm

Today's Pick: Jindal Steel and Power (Sell)

Testing resistance at ₹170, the stock continued to trend downwards last week. It trades well below the 50- and 200-day moving averages. The daily as well as weekly price rate of change indicators hover in the negative terrain implying selling interest. Both the daily and the weekly relative strength indices feature in the neutral region with downward bias.

The short-term outlook is bearish. 

READ MORE

 

Jindal Steel bags ₹ 665 cr rail order from RVNL

Jindal Steel and Power Ltd (JSPL) has won an order from Rail Vikas Nigam Limited (RVNL) to supply 89,042 tonnes of rails for its upcoming projects. A ...

Read More

Jindal Steel and Power posts 20% hike in quarterly steel production

Jindal Steel and Power Limited (JSPL) has reported its highest ever domestic quarterly steel production and sales in the fourth quarter of financial ...

Read More  

12.05 pm

Broker's Call: Shriram Transport (Buy)

 

Narnolia

Shriram Transport (Buy)

CMP: ₹1,315.05

Target: ₹1,649

Shriram Transport Finance has shown recovery in assests under management (AUM) since the last few quarters backed by strong CV demand in the country. Infrastructure development and recovery in rural economy has kept AUM growth stronger. IND-AS (Indian accounting standards) transition has been positive. READ MORE

Shriram Transport Fin looks to tap private placement market in the US

After tasting success in the Eurobond market with its latest overseas bond offering, Shriram Transport Finance Company (STFC) plans to tap the ...

Read More

Shriram Transport Fin looks to tap private placement market in the US

After tasting success in the Eurobond market with its latest overseas bond offering, Shriram Transport Finance Company (STFC) plans to tap the ...

Read More

Shriram Transport Finance raises $400 mn from international bond markets

Shriram Transport Finance Company Ltd (STFC), a leading asset financing company, has raised $400 million through a three-year bond from the ...

Read More

11.55 am

SH Kelkar: To turn ex-date for buyback

Shares of SH Kelkar may remain in focus, as they will turn ex-date for the proposed buyback. It plans to buy back up to 33 lakh shares of ₹10 each at ₹180 a share for an aggregate amount of ₹59.40 crore.  READ MORE

 

SH Kelkar board approves buyback proposal

The board of SH Kelkar and Company on Monday approved a buyback proposal. The company will buy back up to 33 lakh fully paid-up equity shares of ₹10 ...

Read More

SH Kelkar: Promoters' buying adds perfume

Promoters of SH Kelkar and Company Ltd, fragrance and flavours company, have increased their stake in the company by 0.93 percentage point to 57.6 ...

Read More

SH Kelkar lists at a premium

The SH Kelkar scrip listed at ₹223.70 apiece, on the NSE, and at ₹222 on the BSE as againstits issue price of ₹180. On the NSE, the scrip touched a ...

Read More  

11.50 am

Trent: Focus on fund-raising plans

The board of directors of Trent will meet on Tuesday to consider fund-raising plans. This could be in the form of rights issue, qualified institutional placement, debt issue, preferential issue or any other permissible mode or combination thereof.

READ MORE

 

Chart Focus - Trent: Buy

Investors with a medium-term horizon can consider buying the stock of Trent at current levels. The stock is in an uptrend across all time frames — ...

Read More

Trent Q4 net profit up 37 per cent

Tata group retail firm Trent Ltd on Monday reported an increase of 36.79 per cent in standalone net profit at ₹ 15.95 crore for the fourth quarter ...

Read More  

11.40 am

Broker's call: Godrej Consumer (Neutral)

Motilal Oswal

Godrej Consumer (Neutral)

CMP: ₹659.1

Target: ₹700

Key takeaways: a) The worst seems to be over on the domestic volume growth front, but strong revival

will take time. b) Despite muted growth of the past three years, we believe Godrej Consumer Product’s domestic business is of high quality with attractive long-term growth prospects. READ MORE

 

Godrej Consumer Products Q4 net rises 51.5% to Rs 935.24 cr

The FMCG major Godrej Consumer Products Ltd (GCPL) on Friday reported a 51.53 per cent increase in consolidated net profit to Rs 935.24 crore in the ...

Read More  

Godrej Consumer Products Q3 net falls 1.4% to Rs 423 cr

Godrej Consumer Products (GCPL) on Tuesday reported a 1.4 per cent dip in consolidated net profit to Rs 423.52 crore in the third quarter ended ...

Read More  

11.35 am

Varun Beverages shares went up nearly 7 per cent at Rs 920.20 on the BSE today following bonus announcement by the company's board yesterday.

Varun Beverages Ltd has informed BSE that at the start of Silver Jubilee year of the Company, and in appreciation of continuing support from the shareholders of the Company, the Board of Directors at their meeting held on June 17, 2019 recommended Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal ballot.

Varun Beverages: Bonus meet eyed

Shareholders of Varun Beverages will focus on the board meet, which on Monday will consider a proposal for declaration of bonus issue of equity ...

Read More

 

 

Varun Beverages gets Competition panel nod to acquire PepsiCo's franchise rights

The Competition Commission of India has approved Varun Beverages’ proposal to enter into a binding agreement with PepsiCo to acquire franchise rights ...

Read More

Broker's call: Varun Beverages (Buy)

JMFLVarun Beverages (Buy)CMP: ₹806.3Target: ₹900Varun Beverages reported another strong quarter with domestic organic volume growth of 28 per cent, ...

Read More  

11.30 am

Why the NBFC crisis is entering a new phase

Just as Indian banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the NBFC sector.

A year after a series of defaults by Infrastructure Leasing & Financial Services (IL&FS) forced the government to intervene and exposed weaknesses in the sector, the problems of India’s non-banking financial companies are entering a new phase. 

READ MORE

11.15 am

The bogey of currency manipulation

Which emerging markets have seen significant depreciation in exchange rates? And should ‘manipulation’ be blamed for that?

READ MORE

Currency management needs an overhaul

The macro imbalance is a result of allowing excessive capital flows. As a result, the exchange rate has ceased to be competitive

Read More

Asian stocks cautious before Federal Reserve interest rate meeting, oil on defensive

Focus is now on how close the Fed could be to cutting interest rates amid the raging US-China trade war, signs of the economy losing steam and ...

Read More  

Forex reserves nears lifetime high; up $1.7 bn to $423.5 bn

Inching closer to its historic peak, India’s forex kitty increased by $1.68 billion to $423.55 billion for the week to June 7, RBI data showed on ...

Read More

11 am

11697 • Nifty 50 Futures: Go long if the contract advances above 11,750 levels

 

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

11650116001175011800

 

Fresh long positions are recommended with a tight stop-loss only if the contract advances above 11,750 levels

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

 

Nifty Call: Sell with fixed stop-loss at 11,805 levels

Nifty 50 June Futures (11,740)The Sensex and the Nifty began the session in red and continued to trend downwards witnessing selling interest. Asian ...

Read More

 

 

10.50 am

₹2245 • TCS: Buy TCS in dips with fixed stop loss at Rs 2,225 levels

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

2225220022652285

 

Make use of intra-day dips to buy the stock of TCS while maintaining a fixed stop-loss at ₹2,225 levels

 

TCS hits record high; chart suggests more upside

Shares of India's top software services exporter Tata Consultancy Services Ltd (TCS) gained nearly 1 per cent to a record high of ₹2,282.70.At 10.35 ...

Read More

 

TCS overtakes RIL to become most valued firm by m-cap

RIL and TCS have in the past also competed with each other for the number one position in terms of market capitalisation

Read More

TCS modernises 1.5 lakh post offices under multi-year deal with India Post

The IT services company Tata Consultancy Services (TCS) said it has deployed an integrated solution for India Post that has helped modernise a ...

Read More  

10.45 am

Broker's call: L&T (Buy)

Anand Rathi

L&T (Buy)

CMP: ₹1,499

Target: ₹1,820

Benefit from leadership: L&T is the undisputed market leader in India’s capital goods and construction space. The likely recovery of India’s capex cycle, especially infra and hydrocarbon would benefit L&T substantially with double digit revenue growth and faster order book expansion.

 

L&T seeks 31 per cent stake in Mindtree for ₹5,029 crore

Tendering period starts from June 17 and ends on July 12

Read More

 

L&T Construction bags orders across various business segments

L&T’s construction arm has announced bagging projects across transportation infrastructure, water and effluent treatment, buildings and factories, ...

Read More  

10.40 am

Private banks cut interest rates on deposits by up to 25 bps

Top private sector lenders have cut their interest rates on deposits by up to 0.25 per cent over the last week, officials said Monday.

Generally, an interest rate cut in deposits is seen as a precursor to a lending rate cut. The moves by lenders including ICICI Bank and Axis Bank come amid easing liquidity conditions and also within days of a rate cut by the Reserve Bank earlier this month.

READ MORE

 

Rate-cut may not trigger spurt in investment

Structural impediments to domestic and foreign investment, including a falling savings rate, may negate its impact

Read More

Bandhan Bank cuts microloan rates

Bandhan Bank has reduced interest rate on microloans by 70 basis points to 17.95 per cent from 18.65 per cent at present. The new rate of interest ...

Read More  

10.30 am

Rupee rises against USD in early trade

The rupee appreciated by 11 paise to 69.80 against the US dollar in opening trade on Tuesday, driven by the positive opening in domestic equities and easing crude prices.

Forex dealers said that the selling of the American currency by exporters and fall in crude oil prices supported the rupee. However, foreign fund outflows weighed on the domestic currency. READ MORE

 

Rupee down 11 paise vs $

The rupee, on Monday, fell by another 11 paise to close at 69.91 to the the US currency, its third straight-session loss, in line with intense ...

Read More  

Now, you can buy forex at spot rate

The RBI is creating a platform for retail investors to buy and sell forex in the inter-bank market

Read More

FPIs remain net buyers in June, invest ₹ 11,132 cr

Inflows in debt category remained strong and steady driven by positive market sentiment after the re-election of NDA government

Read More  

10.25 am

Airtel Africa expects London IPO to be priced between 80-100 pence per share

Airtel Africa Ltd, a unit of Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering (IPO) on the London Stock Exchange.

The IPO is expected to raise 595 million pounds ($749.05 million) from the issuance of about 595.2 million to 744 million new shares.

READ MORE

Airtel Africa expects London IPO to be priced between 80-100 pence per share

Airtel Africa Ltd, a unit of Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering ...

Read More

Airtel Africa plans Nigeria listing too

Aims to raise $750 m through London SE

Read More

Airtel Africa to go for public offer, London Stock Exchange listing

Telecom operator Bharti Airtel on Tuesday said Airtel Africa plans to go for an initial public offer and listing on London Stock Exchange. “In ...

Read More  

10.15 am

Bull run intact, Sensex cheap in book value: Ridham Desai

Ridham Desai, Director, Morgan Stanley India, is of the view that the bull-run in stock markets can continue. He says trade tensions are the only major risk for markets now unless there is slippage by India on the fiscal front, which is highly unlikely. Financials and banking stocks are his best bets. Excerpts from the interview:

How are foreign investors looking at Indian markets after elections? Any specific sectors that you are bullish on?

Foreign investor mood is looking up for India. Certainty on inflation framework, Aadhaar, direct benefit transfers, and rationalisation of GST are some of the policy measures that will continue and boost consumer spend. 

READ MORE

Mid- and small-caps have room to rally

Investors should continue to build equity exposure for the long term

Read More

FDI flow into India rises 6% to $42 billion in 2018: UNCTAD

US, China continue to be top recipients of foreign funds; India in the tenth spot

Read More

FPIs pour in Rs 7,095 cr in first week of June

Investors will look at the government’s fiscal consolidation plan, fiscal deficit target and borrowing plan, an expert said.

Read More  

10.10 am

₹337 • SBI: Sell SBI if falls below Rs 331 levels

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

331324343350

 

Initiate fresh short positions with a stiff stop-loss if the stock of SBI falls below ₹331 levels

 

Weekly Trading Guide

SBI (₹343.8)SBI was stuck in a narrow range between ₹339 and ₹349 last week. The near-term outlook is mixed. SBI can trade sideways between the ...

Read More

 

SBI unveils digital residential property show

State Bank of India (SBI) has set up a new marketing outfit called ‘Destination: The Home Shoppe’ in Hitech City here. It was inaugurated by J ...

Read More

SBI introduces repo-linked home loan product

State Bank of India on Friday said it will introduce a repo rate-linked home loan product from July 1.PK Gupta, Managing Director, SBI, said home ...

Read More  

10.05 am

₹1281 • Sell Reliance Ind if fails to move above ₹1,295 levels

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

1265125012951310

 

Consider initiating fresh short positions with a tight stop-loss if the stock of RIL fails to move beyond ₹1,295 levels

 

10 am

 

TOP LOSERS ON NSE

TOP LOSERS ON NSE

 

9.57 am

TOP GAINERS ON NSE

 

TOP GAINERS ON NSE

 

9.55 am

₹275 • ITC: Sell ITC if reverses down from ₹278 levels

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

273270278281

 

Initiate fresh short positions with a stiff stop-loss if the stock of ITC reverses down from ₹278 levels

 

ITC earns ₹4,673 crore in forex in FY19

Diversified group ITC’s forex earning in FY19 increased 11.55 per cent to ₹4,673 crore, mainly on account of exports of agri-commodities. In the past ...

Read More

ITC eyes managed properties in adjacent countries

New properties being looked at in Sri Lanka, Nepal and Bangladesh: Sanjiv Puri

Read More  

9.45 am

₹740 • Infosys: Buy Infy if rallies above ₹746 levels

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

735728746752

 

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹746 levels

 

Infosys completes acquisition of 75 per cent stake in ABN AMRO Bank subsidiary Stater

Founded in 1997, Stater is the largest mortgage service provider of the Benelux

Read More  

Infosys to announce Q1 results on July 12

Software services firm Infosys will announce its financial results for April-June quarter on July 12, according to a BSE filing. “A meeting of the ...

Read More

Infosys spent ₹1,165 crore on acquisitions last financial year

During 2018-19, Infosys spent ₹1,165 crore to acquire majority stakes in three companies and is set to buy another company for ₹990 crore. According ...

Read More  

9.40 am

Oil prices fall for second day on weak economic data

Oil prices were falling for a second day on Tuesday, after more signs that global economic growth is being hit by US-China trade tensions, although losses were limited amid tensions in West Asia after tanker attacks last week.

Brent crude futures were down 16 cents, or 0.3per cent, at $60.78 a barrel by 0215 GMT. They fell 1.7 per cent in the previous session on concerns about slowing global growth.

READ MORE

 

Oil prices slip as economic worries outweigh tanker tensions

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by ...

Read More

Oil slips as demand concerns outweigh West Asia geopolitics

Oil prices fell on Friday on fears trade disputes will dent global oil demand, although the attacks this week on two oil tankers in the Gulf of Oman ...

Read More  

9.35 am

11697 • Nifty 50 Futures

 

 

 

S1

 

S2

 

R1

 

R2

 

COMMENT

11650116001175011800

 

Fresh long positions are recommended with a tight stop-loss only if the contract advances above 11,750 levels

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

 

Nifty Call: Sell with fixed stop-loss at 11,805 levels

Nifty 50 June Futures (11,740)The Sensex and the Nifty began the session in red and continued to trend downwards witnessing selling interest. Asian ...

Read More

 

9.30 am

Opening Bell

Stock market indices opened marginally higher after taking a sharp plunge yesterday.After opening firm at 39,056.98, immediately touched a high of 39,124.96, before being quoted at 39,039.75, up by 78.96 points

It ended yesterday at 38,960.79

The NSE Nifty too rose 16.30 points, or 0.14 per cent, to 11,688.45.

Sectoral indices such as Auto, Banking, IT  were seen trading in the green in early trades.

 

Nifty Call: Sell with fixed stop-loss at 11,805 levels

Nifty 50 June Futures (11,740)The Sensex and the Nifty began the session in red and continued to trend downwards witnessing selling interest. Asian ...

Read More

Fears of trade war trigger equity sell-off; Sensex, Nifty end lower by 1.25%

Metal down 3%, Oil & Gas slips by 2.35%

Read More  

9.23 am

Day Trading Guide for June 18, 2019

 

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

₹2421 • HDFC Bank

S1

S2

R1

R2

COMMENT

2405

2390

2435

2448

Make use of intra-day rallies to sell the stock while maintaining a fixed stop-loss at ₹2,435 levels

₹740 • Infosys

S1

S2

R1

R2

COMMENT

735

728

746

752

Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹746 levels

 

READ MORE

Infosys to announce Q1 results on July 12

Software services firm Infosys will announce its financial results for April-June quarter on July 12, according to a BSE filing. “A meeting of the ...

Read More

HDFC Bank - Notable earnings: Buy

Strong loan growth, steady margins and stable asset quality are positives

Read More  

9.18 am

Today's Pick: Jindal Steel Power (₹154.7): Sell

Investors with a short-term perspective can consider selling the stock of Jindal Steel Power at current levels. The stock tumbled almost 6 per cent on Monday, breaching its 21-day moving average.

Following a short-term uptrend from the key support level of ₹130, the stock encountered resistance at ₹190 in early April 2019.

READ MORE

JSW Steel to increase capacity of Vijayanagar plant after 2020

The Vijayanagar plant currently has a 12 MTPA capacity

Read More  

JSW Steel lease row: Won’t do anything illegal, says Company MD

Amid the row over the proposed move to sell 3,667 acres of government land in Ballari district to JSW Steel after expiry of lease period, the ...

Read More

JSPL reports ₹1,154-cr Q4 loss

Jindal Steel and Power Ltd (JSPL) on Tuesday reported a ₹1,154.24-crore loss for the fourth quarter of FY19. A company statement said the loss was on ...

Read More  

9.15 am

 

 

9.10 am

 

9.05 am

Asian stocks cautious before Federal Reserve interest rate meeting, oil on defensive

Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

The Shanghai Composite Index lost 0.25%, Hong Kong's Hang Seng rose 0.15% and Japan's Nikkei dipped 0.3%.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2%.

 

 

Published on June 18, 2019

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