Closing Bell
The BSE Sensex ended 241 points lower and the NSE Nifty dropped by 58 points amid renewed selling by institutions and domestic investors. Investors turned cautious ahead of IIP and inflation numbers amidst report that Indiabulls Asset Management and DHFL Pramerica Mutual Fund saw their assets plunge by more than half in the December quarter, which indicated fears of India's non-bank finance companies still linger.
Earlier, markets opened flat and moved sideways for most part of the trading session. However, fresh bout of selling brought the indices sharply lower in the last one-hour trading session
The BSE benchmark Sensex closed at 36,153.62, lower by 241.41 points from yesterday's close.
The NSE Nifty fell 57.40 points, or 0.53 per cent, to 10,831.40.
Sectoral indices led by PSU, banking, power, oil and gas, auto, capital goods, realty and consumer durables stocks slipped into the negative terrain, falling by up to 1.60 per cent.
Top laggards include Hero MotoCorp, HDFC, SBI, Infosys, ICICI Bank, Bajaj Auto, Bajaj Finance, ONGC, ITC, Maruti Suzuki and Hindustan UniLver falling between 0.50 percent and 3 per cent.
Two Indian funds see assets drop by half amid exit from risk
Indiabulls Asset Management and DHFL Pramerica Mutual Fund have seen their assets plunge by more than half in the December quarter. That shows fears of India's non-bank finance companies still linger.
The dwindling in assets is the most among any mutual-fund company in India during the period, data compiled by Bloomberg show.
Bharat-22 ETF additional sale on February 14
The government will launch an additional offering of Bharat-22 Exchange Traded Fund (ETF) on February 14 to raise at least Rs 3,500 crore, officials said on Tuesday. This ETF sale would be for a single day, in which both institutions and retail investors can participate, they said.
Large-cap stocks
Tata Motors trade firm
Shares of Tata Motors were trading firmer today. The stock was being quoted at Rs 153.45, up by 0.52% on the NSE
BusinessLine reported yesterday that Tata Motors will supply 40 electric buses to Lucknow City Transport Services Ltd (LCTSL) in a phased manner in four months.
Next 50 GAINERS on NSE
TOP GAINERS ON NSE
TOP LOSERS ON NSE
Mid-Session
Benchmark equity indices moved in a narrow band on a cautious note ahead of the release of key macroeconomic numbers amid selling by foreign and domestic investors.
The 30-share Sensex was trading 104 points lower at 36,290.08. The index had lost 580 points in the previous three sessions.
The broader NSE Nifty slipped 19.80 points to 10,869.00.
Major losers were Infosys, TCS, Hero MotoCorp, HCL Tech, Bajaj Finance, Axis Bank, Bajaj Auto, IndusInd Bank and Maruti, falling up to 2.42 per cent.
Investors turned cautious ahead of index of industrial production (IIP) data for December and inflation numbers for January to be released later in the day.
Nifty Call: Go short at 10,945 and 10,960 on rallies with a stop-loss at 10,985
Nifty 50 February Futures (10,900)
The Nifty 50 futures contract is stuck in a narrow range between 10,880 and 10,930. The bias remains negative. However, the index futures may consolidate or bounce to test the 10,960-10,980 resistance zone before declining further.
Tata Steel turn stronger
Shares of Tata Steel went up by 3% or Rs 14 at Rs 495.05 on the NSE. Volumes traded in the counter were steeply higher around 1.17 crore shares.
Last week, Tata Steel had reported a 54 per cent increase in December quarter consolidated net profit at ₹1,753 crore, against ₹1,136 crore in the same quarter last year, due to higher realisation and lower base.
VOLUME GAINERS
52-Week Lows
Large-cap Stocks
INTRADAY DERIVATIVE CALLS FROM ICICI SECURITIES
LARGE-CAP STOCKS
Sell SBI with stiff stop loss
₹279 • SBI
S1 | S2 | R1 | R2 | COMMENT |
272 | 265 | 286 | 293 | Initiate fresh short positions with a stiff stop-loss if the stock of SBI fails to move beyond ₹286 levels |
10909 • Nifty 50 Futures
S1 | S2 | R1 | R2 | COMMENT |
10870 | 10820 | 10960 | 11015 | Fresh long positions are recommended with a tight stop-loss only if the contract moves beyond 10,960 levels |
Go short in RIL if falls below ₹1,240 levels
S1 | S2 | R1 | R2 | COMMENT |
1240 | 1225 | 1268 | 1280 | Fresh short positions are recommended with a fixed stop-loss only if the stock of RIL falls below ₹1,240 levels |
Currency Strategy for February 12:
Buy US$INR in range of 71.12-71.18
The dollar-rupee February contract on the NSE was at 71.30 in the previous session. February contract open interest declined 3.55% in the previous session.
ICICI Securiities expect the US$INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions.
Intra-day strategies
Buy US$INR in the range of 71.12-71.18
Broker's Call
Intraday calls from ICICI SECURITIES:
NIIT TECHNLOGIES SHARE PRICE
ULTRATECH CEMENT SHARE PRICE
Rupee gains 6 paise against dollar in opening trade
The Rupee strengthened by six paise at 71.12 against the dollar in opening trade Tuesday, maintaining its upward trend for the sixth straight day on continued selling of the United States (US) currency by exporters and banks.
Besides, optimism ahead of index of industrial production (IIP) numbers for December and retail inflation for January, and the dollar weakening against some other currencies overseas, also supported the rupee, forex dealers said.
Gulf Oil ropes in Mahindra Logistics
Gulf Oil Lubricants India on Monday announced its association with Mahindra Logistics. The tie-up is to strengthen Gulf Oil’s supply chain and implement its post GST consolidation strategy, which is focused on achieving efficiencies in total cost.
PSU BANK STOCKS
9.35 am
The market drifted lower after opening slightly higher as key stocks were trading mixed.
The Sensex was down 50.03 points at 36,354.05.
The Nifty 50 index too has shed 14 points at 10,873.95.
Key benchmark indices such as Auto, Oil & Gas, Healthcare, and Banking were trading slightly higher, others such as IT, Capital Goods and Consumer Durables were slightly down.
Coal India, Sun Pharma, Concor results today
Over 175 firms including 3M India, 63 moons, Amrutanjan, Bajaj Hindusthan, Balaji Tele, Bata India, Bharat Road, Clariant Chem, Coal India, Concor, Crisil, DB Realty, GTPL Hathway, HEG, Heidelberg, Hindalco, Hind Motors, Hotel Leela, Indian Hotels, Ipca Labs, Jain Irrigation, JK Paper, KV Bank, Kesoram, Manpasand, Natco Pharma, NCC, NLC India, OMDC, Omaxe, Prabhat Dairy, RCF, Religare, RITES, Sun Pharma and TCI will declare their Q3 results of FY19 on Tuesday.
Day Trading Guide for February 12, 2019
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
| S1 | S2 | R1 | R2 | COMMENT |
| 2120 | 2105 | 2150 | 2165 | Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹2,150 levels |
| S1 | S2 | R1 | R2 | COMMENT |
| 754 | 746 | 768 | 775 | Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹754 levels |
Jet Airways (₹214.6): Sell
Investors with a short-term perspective can sell the stock of Jet Airways (India) at current levels.
Pre-open session
Market was flat in the pre-open trading session. The Sensex was up by 10.69 points at 36,405.72. The Nifty was down by 9 points at 10.879.70.
Nifty 50 weekly options launched
The NSE on Monday launched weekly options on the Nifty 50 Index. The index options are already available for three monthly option contracts, three quarterly and eight semi-annual option contracts. READ MORE
World stocks edge higher ahead of trade talks, Brexit
Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States (US) and Beijing resumed, though worries remained over the fate of Brexit.
On Wall Street, the Dow Jones Industrial Average fell 53.22 points, or 0.21 per cent, to 25,053.11, the S&P 500 gained 1.92 points, or 0.07 per cent, to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13 per cent, to 7,307.91. READ MORE