Intraday Equity Tips and Market News

Equity tips:- Biocon receives EU regulator nod for trastuzumab biosimilar.   HDFC to dilute stake in asset management unit via IPO. To hold 50.01% stake in the AMC business post stake dilution. Standard Life to hold 24.99%.   Bharti Airtel and Vodafone India are keen to acquire some spectrum from RCom to add to their airwave holdings in key markets, people familiar with the matter said. The Anil Ambani-owned telco’s lenders are selling the spectrum to try and recover part of their Rs45,000cr dues.   Dr Reddy’s Laboratories said a German regulatory authority has allowed the company’s Visakhapatnam-based plant to restart production for the EU market.   Shilpa Medicare says NCLT approves scheme of merger of Navya Biologicals with self.   Laurus Labs receives maiden tentative approval from USFDA for Tenofovir Disoproxil Fumarate tablets.   Mirza International receives MCA approval for scheme of merger between Hi-Life Fabricators and se...

Equity tips:- Benchmark indices opened lower today, tracking weakness in most Asian markets and on caution ahead of the release of Jul-Sep GDP data  later this week.   Losses in indices were, however, limited as S&P Global Ratings retained India's sovereign rating at BBB-, with a stable outlook, a week after Moody's Investors Service upgraded India's rating.   At 9:51 AM, BSE Sensex down 85 points to 33,594 and the NSE Nifty50 Index slipped 31 points to 10,358.   The BSE Mid-cap Index and BSE Small-cap Index are trading marginally higher  at 16,935 and 18,053 respectively.   ONGC, UPL, Vedanta, Hindalco and Tech Mahindra gained the most on Nifty50, while HPCL, Infosys, Bharti Airtel, Adani Ports and Sun Pharma were the top losers.   Meanwhile, the Indian rupee opened at 64.71 per dollar against Friday's close of 64.70.   Some buying was seen in media and realty sectors, while PSU bank, FMCG, IT and metal sectors showed we...

Equity tips:-  Buy Mahindra & Mahindra:- The stock has been consolidating near its all time high 13 months during this phase M&M gyrated wildly hitting lows of Rs1136 in December 2016. Post that the stock zoomed and also made an attempt to break past its previous peak but proved to be futile. Finally after struggling for over a years time, M&M has finally broken out from a Multi Month Symmetrical Triangle pattern on the weekly charts. If the breakout sustains for another week convincingly then projection are indicating that M&M is likely to move higher towards its conservative potential target of Rs1502 and Rs1560 in medium term.  Buy IndusInd Bank :- The stock has been stuck in a declining trend for the past three months during which IndusInd Bank has corrected almost 11%. Recent price action signifies that stock is making an attempt to build a base. And finally after finding support around its 100-DMA, IndusInd Bank has broken...

Equity tips:- Indian equity benchmarks continued to trade steady, holding on to its opening gains, while the Nifty continued to hold 10,350. IndusInd Bank, Infosys, Infratel, Bajaj Finance and Tech Mahindra were the top gainers, while Zee Entertainment, HUL, Hindalco, Tata Steel, Adani Ports lost the most in the Nifty50 index. On the political front, Winter Session of Parliament will be held from December 15 to January 5. At 11 AM, the S&P BSE Sensex was trading at 33,680, up 92 points, while the broader Nifty50 was ruling at 10,383, up 35 points. The S&P BSE Midcap and the S&P BSE Smallcap indices hit their respective new high on the BSE on Friday, following an extending rally in infrastructure, auto and public sector banks. Some buying was seen in auto, IT, PSU Bank, realty and FMCG sectors, while metal and media sectors showed weakness on the NSE. India VIX slipped by 1.2% at 13.69 level. Out of 1,981 stocks traded on the NSE, 1,106 ad...

Equity tips:- Indian shares opened marginally higher on Thursday, however the gains were erased to trade flat led by losses in HDFC, ITC and Kotak Mahindra Bank. Nevertheless, losses were capped, as Airtel, Infosys and Sun Pharma  witnessed buying interest. As of 9:54 AM, Sensex was down by 12 points at 33,575 and the Nifty traded 13 points higher at 10,355. The BSE Mid-cap and BSE Small-cap Index are trading marginally lower at 16,788 and 17,932 respectively . Among the Nifty50 Index, Bharti Infratel was the top gainer, up 2%, followed by Eicher Motors, Sun Pharma, IndusInd Bank and UPL, which gained between 1-0.9% each. Tech Mahindra, Infosys, Lupin and Hero MotoCorp were the other major gainers, whereas Dr.Reddy’s, Asian Paints, Kotak Mahindra and UltraTech were the losers in the Nifty50 Index. On the BSE, Telecom (+0.95%), Metal (+0.65%), and IT (+0.44%) sectors gained, while Banking and Finance (-0.09%) showed weakness. India VIX dropped b...

Equity tips:- SGX Nifty indicating a positive opening for the Indian markets. Global markets Asian markets are zooming higher backed by strong global cues. Hong Kong’s Hang Seng index breaks the important level of 30,000 in its opening while all the other indices are trading near day’s high with Nikkei up 0.77%, Shanghai Composite up 0.7%. US: Markets witnessed a stellar rally in yesterday’s trade with all the major indices ending the day on a positive note. The Dow climbed up 160 points to 23,590 level, the Nasdaq edged up 72 points or 1.05% to 6,862.48. Europe also managed to close in the green yesterday with FTSE up 0.30%, CAC up 0.48%, DAX up 0.83%. FII /DII Data: In yesterday’s trade FII’s sold 729 crores stock in the cash market whereas DII’s bought 825 crores worth of stock. Support / Resistance: Intraday Nifty: 10298 S1 - 103050 S2-10300 R1  10420...

Equity tips:- L&T Finance says Bain Capital will raise Rs 750 crore by selling 2.12%, or about a fifth of its holding, in L&T Finance through a block deal, fetching about 150% returns on its two-year-old investment in the non-banking finance company, as per media reports. Logistics stocks in focus today. Logistics sector gets infrastructure status. Jet Airways aims to cut costs (excluding fuel) by up to 15%, increase ancilliary revenue by Rs 250 crore and increase capacity at a CAGR of 10% over three years, as per media reports. Infibeam is in talks with Prem Watsa’s Fairfax Financial Holdings to sell a minority stake even as the local ecommerce firm looks to expand into offline retail, as per media reports. Quess Corp acquired Tata Business Support Services for Rs 153 crore. It will own 51% of the Hyderabad-headquartered company, with Tata Sons holding the remaining stake. Mahindra opened its new manufacturing plant with an investment of $...

Equity tips:- Nifty and Sensex trading mixed taking cues from the US Markets that ended lower on Friday. Gains in the Auto and Realty index pushing the market upwards. YES Bank and Induslnd Bank to join BSE Sensex Index, stock prices of YES Bank boost by 2%. At 9:27 AM, the S&P BSE Sensex is trading at 33,390 up by 47 points, while NSE Nifty is trading at 10,279 down by 4 points. The BSE Mid-cap Index is trading up by 0.47% at 16,751 whereas BSE Small-cap Index is trading higher by 0.33% at 17,663. Gainers % change Losers % change 1 YESBANK 2.16 AMBUJACEM -1.91 2 INFRATEL 1.97 ZEEL -1.31 3 LT 1.55 ICICIBANK -1.20 4 ONGC 0.90 INFY -1.09 5 GAIL 0.89 ULTRACEMCO -1.02 Some buying seen in Capital Goods, Energy, FMCG, Finance, Healthcare, Industrials, and Bank s...

Equity tips:- Nifty and Sensex open higher for the second straight session, taking cues from positive US Markets. The markets are pushed higher by the banking sector, which gained by 1.7% on back of Moody’s report on upgrade of Indian Government bond rating. PNB gains by 4%, Bank of Baroda, ICICI Bank, SBI Bank gain by 3%. At 9:43 AM, the S&P BSE Sensex is trading at 33,484 up by 377 points, while NSE Nifty is trading at 10,329 up by 114 points. The BSE Mid-cap Index is trading up by 1.20% at 16,702 whereas BSE Small-cap Index is trading higher by 1.18% at 17,668. Gainers % change Losers % change 1 VEDL 3.29 INFY -1.35 2 TATASTEEL 2.84 TECHM -1.16 3 ICICIBANK 2.66 WIPRO -0.59 4 SBIN 2.55 TCS -0.58 5 HINDALCO 2.49 HCLTECH -0.37 Some buying seen in Basic Materials, Finance, Healthcare, Metals, Industria...

Equity tips:- Nifty and Sensex open on a fresh note, snapping away from the losing streak, to trade in positive. While Nifty trades above the 10,150 level, Sensex gains over 150 points. Strong buying is seen in several sectors including Energy, Bank, Industrials, and Consumer Durables, while Telecom sector leads with Infratel gaining over 2.5%. At 9:40 AM, the S&P BSE Sensex is trading at 32,913 up by 152 points, while NSE Nifty is trading at 10,158 up by 40 points. The BSE Mid-cap Index is trading up by 0.60% at 16,426 whereas BSE Small-cap Index is trading higher by 0.60% at 17,377. Gainers % change Losers % change 1 INFRATEL 2.74 TECHM -1.32 2 RELIANCE 1.62 BPCL -1.09 3 AMBUJACEM 1.61 ADANIPORTS -1.03 4 TATAMOTORS 1.42 HCLTECH -1.01 5 AUROPHARMA 1.28 COALINDIA -0.95 Some buying seen in Telecom, En...

Equity tips:- Nifty and Sensex open trade on a lower note on third-day straight, taking the cues of the weak US Markets. The decline Asian Indices and rise of the WPI index to 3.59% in October added to the fall.   OMCs show appreciation in the early trading hours as HPCL and BPCL gain by 2%.   On the contrary weak results of Sun Pharma drag the Pharma index down, while Vedanta Ltd drags the metal index by 2%.   At 9:37 AM, the S&P BSE Sensex is trading at 32,871 down by 70 points, while NSE Nifty is trading at 10,165 down by 20 points.   The BSE Mid-cap Index is trading down by 0.16% at 16,467 whereas BSE Small-cap Index is trading lower by 0.38% at 17,472. Gainers % change Losers % change 1 BPCL 2.14 HINDALCO -2.82 2 HINDPETRO 1.70 VEDL -2.57 3 TECHM 1.44 SUNPHARMA -2....

Equity tips:- Nifty and Sensex open trade on a choppy note, following the weaker US Markets and the subdued start of the Asian Indices. NTPC gained by 2% with Q2 earnings reporting good revenue growth. At 9:40 AM, the S&P BSE Sensex is trading at 33,042, up by 9 points, while NSE Nifty is trading at 10,219 down by 5 points. The BSE Mid-cap Index is trading down by 0.03% at 16,526 whereas BSE Small-cap Index is trading higher by 0.24% at 17,612. Gainers % change Losers % change 1 NTPC 2.49 INFRATEL -2.82 2 UPL 1.26 SUNPHARMA -1.87 3 RELIANCE 1.23 BPCL -1.78 4 LUPIN 0.80 IOC -1.37 5 ULTRACEMCO 0.70 COALINDIA -1.09 Some buying seen in Energy, FMCG, Auto, Power, and Reality sectors, while Industrials, IT, Telecom, Capital Goods, and Teck sectors show weakness on the BSE. The India VIX is down by 3.7...

Equity tips:- Domestic share indices shrugged off mixed cues from global markets and inched marginally higher at open, led by gains in shares of banks, and select automobile and FMCG companies. However, gains were limited by a fall in index-heavyweights--L&T and Coal India--after their Jul-Sep earnings. Currently the indices trade in red with Nifty below the 10,300 mark. At 9:42 AM, the S&P BSE Sensex is trading at 33,249, down by 64 points, while NSE Nifty is trading at 10,289 down by 32 points. The BSE Mid-cap Index is trading down by 0.09% at 16,548 whereas BSE Small-cap Index is trading higher by 0.06% at 17,654. Gainers % change Losers % change 1 M&M 1.95 LT -3.73 2 SBIN 1.71 COALINDIA -3.24 3 TECHM 1.67 ONGC -2.93 4 ...