Stocks to watch out for Wednesday

The BSE Sensex opened higher by 116 points at 31,407, while the Nifty50 opened higher by 38 points at 9,803 mark.

Adani Ports is top Nifty gainer and trading at Rs 382.1 per share, up by 1.72% while Hindustan Unilever is top Nifty loser and trading at Rs 1,190.65 per share, down by 0.75%.

Bank Nifty is trading at 24,119 level, up by 145 points.  On the broader markets, BSE Mid-cap index is trading at 14,973 level, up by 0.32% while BSE Small-cap index is trading at 15,433 level, up by 0.29%.

Indian equity markets are likely to open higher on Wednesday. Following are the important stocks to watch out for on Wednesday:

Fortis Healthcare: Rekha Jhunjhunwala, wife of investor Rakesh Jhunjhunwala, bought 45 lakh shares or 0.9% stake in Fortis Healthcare through a bulk deal on Tuesday at Rs 134.65 per share.

Infosys: Infosys founder NR Narayana Murthy will talk to investor and analysts in a conference call on Wednesday evening. Murthy is expected to speak on issues related to the ongoing leadership crisis at Infosys sparked by the exit of its CEO, Vishal Sikka
 
Hindustan Copper: The company is looking to invest around Rs 5,000 crore over the next four years as it makes a strategic shift to value-added products and ramps up mine capacity three-fold.

DLF: The company’s board meet is scheduled on August 25 to review the status of the proposed sale of compulsorily convertible preference shares to GIC.

Omkar Speciality Chemicals: The company received renewal certificate for its in-house R&D unit from DSIR.

Eris Lifesciences: The RBI has hiked the foreign investment limit in Eris Lifesciences to 49%.
  


  • SELL TITAN FUTURE BELOW 604 TG 590, 570 SL 612,
  • BUY ICIL FUTURE ABOVE 107 TG 107.75, 108.75, 110.25 SL 105.70,

 For more information please visit our website on: www.tradenivesh.com



WATCH OUT STOCK MARKET UPDATES

The BSE Sensex opened higher by 174 points at 31,393, while the Nifty50 opened higher by 57 points at 9,815 mark.

Lupin is top Nifty gainer trading at Rs 946.80 per share, up by 2.53% whereas TCS is top Nifty loser trading at Rs 2521 per share, down by 0.31%. There are 1048 advances, 372 declines and 491 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.

On the broader markets, BSE Mid-cap index was trading at 15,091 level, up by 0.70% while BSE Small-cap index was trading at 15,558 level, up by 0.58%.

NGC, HPCL: The board of state-owned Oil and Natural Gas Corporation (ONGC) on Monday gave ‘in-principle’ approval to acquire government’s 51.11% stake in Hindustan Petroleum Corporation.
 
Lupin: Pharma player Lupin has received Establishment Inspection Report (EIR) from the US FDA for its Aurangabad facility



Opening Bell – Nifty, Sensex open higher; Infosys trades lower

The BSE Sensex opened higher by 85 points at 31,609, while the Nifty50 opened higher by 27 points at 9,864 mark.

IOC is top Nifty gainer trading at Rs 436.7 per share, up by 2.19% whereas Infosys is top Nifty loser trading at Rs 907 per share, down by 1.76%. There are 925 advances, 404 declines and 478 unchanged stocks on NSE reflecting fairly positive sentiments floating in the market.
http://tradenivesh.com/

On the broader markets, BSE Mid-cap index was trading at 15,261 level, up by 0.35% while BSE Small-cap index was trading at 15,670 level, up by 0.34%.

Nifty50 has immediate support placed around the 9,770 level and the next support is placed around the level of 9,700. On the upside, the level of 9,860 will act as an immediate resistance, while the next resistance is seen around the level of 9,900.

The rupee opened at 64.07 per USD on Monday. It ended steady at 64.15 in previous trading session.
 
Asian markets
were mixed in early trade on Monday. Japan’s Nikkei 225 has shed 87 points, while Hong Kong's Hang Seng has surged 144 points and China’s Shanghai Composite has gained 10 points.
For more information please visit our website :www.tradenivesh.com 
 Call us on 9039141666.

Opening Bell – Markets open lower, Infosys slips over 5%

Nifty opened at 9,865 level, down by 63 points while Sensex opened at 31,729 level, down by 226 points.
 
Bharti Infratel was top Nifty gainer trading at Rs 386.30 per share, up by 1.83% whereas Infosys was top Nifty loser trading at Rs 968.95 per share, down by 5%. India VIX was trading at 14.31 level, down by 0.20%. Bank Nifty index was trading down by 174 points at 24,057 level.
 
On the broader markets, BSE Mid-cap index was trading at 15,158 level, down by 73 points while BSE Small-cap index was trading at 15,602 level, down 92 points.
 
Rupee opened at 64.17 per USD.
 
Infosys was the top nifty loser on the back of the resignation of Vishal Sikka as MD and CEO of Infosys.



F&O: Nifty need to hold 9,930 for fresh upsurge

Nifty ended at 9,897 level, up by 103 points while Sensex ended at 31,770 level, up by 321 points on Wednesday. Reflecting strong positive sentiments floating in the market.
 
Nifty50 index, on the daily technical charts, formed a strong bullish candle. It also formed higher highs and lower lows for the past two straight sessions.


The index has resistance placed in the region of 9,925-9,930, and if it holds above this resistance zone, the next resistance is placed in the region of 9,960-9,970.

On the downside, support is seen at the level of 9,850 and the next support is placed around the level of 9,830.
 

Market Live: Sensex opens on a positive note, Nifty above 9800; Tata Power gains 3%

Equity benchmarks continued with its positive momentum from the previous session and opened on a good note, with the Nifty reclaiming 9800-mark.
The Sensex was up 77.14 points at 31526.17, while the Nifty rose 23.05 points at 9817.20. The market breadth was positive as 626 shares advanced against a decline of 186 shares, while 27 shares were unchanged.
Midcaps were back in favour as they outperformed the benchmarks, while other gainers included FMCG, auto stocks and metals.
Adani Ports, Tata Motors, Tata Power and BPCL were the top gainers, while Larsen & Toubro, Cipla and Asian Paints lost the most on both indices.
The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 16 paise at 64.28 per dollar versus 64.12 Monday.

STOCK TIPS


Opening Bell - Markets open lower; Cochin Shipyard to list today

The BSE Sensex opened lower by 265 points at 31,355, while the Nifty50 opened lower by 97 points at 9,712 mark.
 
Tech Mahindra was top Nifty gainer trading at Rs 409.40 per share up by 1.34% while Tata Motors was top Nifty loser trading at Rs 362.10 per share, down by 4.76%. There were 133 advances, 1372 declines and 389 unchanged stocks on NSE reflecting fairly negative sentiments floating in the market.
 
Nifty pharma is the top loser among sectoral indices on NSE. Piramal Enterprises is the top loser in the index trading at Rs 2653.30 per share, down by 2.8%.
 
On the broader market, BSE Mid-cap index opened at 14,674 level, down by 200 points while BSE Small-cap index opened at 14,747 level, down by 320 points.
 
The rupee opened at 63.20 per US Dollar on Friday. 

JKumar Infraprojects and Prakash Industries will resume their trading from today after SAT stayed trading restriction imposed on them.
Shares of Cochin Shipyard is going to list today.