Nifty holds 10,600 mark; Coal India, Tata Motors gain


Equity tips:-


  • Indices opened the session on a positive note owing to firm global cues. The market slipped into the negative zone after hitting a record high and ahead of earnings season.  
  • At 10:11 AM, the BSE Sensex was trading at 34,393, up 42 points, while the broader Nifty50 was ruling at 10,620, down 3 points.  
  • Shares of NMDC fell nearly 4% today as the government will sell up to 3% stake in the company through an offer for sale, at a 5% discount to the previous closing price.  
  • Shares of Aarti Drugs surged 7% to hit a near three-year high after the company set the price of its share buyback at a 19.5% premium to the stock's closing price on Monday.  
  • Shares of Coal India hit a six-month high following a hike in non-coking coal prices as the increase is seen offsetting the impact of higher wages.  
  • The BSE Mid-cap and BSE Small-cap indices were down 0.03% and 0.11%, respectively.  
  • Volatility index India VIX gained 2.25%.  
  • Coal India (+7.4%), Tata Motors (+1.5%), Tata Steel (+0.94%), GAIL (+0.72%) and Kotak Mahindra Bank (+0.49%) were the top gainers on Nifty50.  
  • HPCL (-1.4%), Zee (-1.3%), Eicher (-1.2%), Hindalco (-0.9%) and Tech Mahindra (-0.80%) were the top losers in today’s trade.  
  • Out of 1,999 stocks traded on the NSE, 640 advanced, 968 declined and 391 remained unchanged today.  
  • A total of 97 stocks registered a fresh 52-week high in trade today, while four stock touched a new 52-week low on the NSE.


We provide free profit calls for EQUITY,Forex & COMMODITY tips.If you want more information regarding the Stock cash tips, Nifty tips, Commodity tips, Equity tips,forex tips missed call @ 8966834895 
Location: India

Comments

  1. Unknown9 January 2018 at 03:08


    PREMIUM OPTION CALL: BUY #RPOWER 62.50 PUT ABOVE 4.75 TARGETS 4.95/ 5.50/ 6.50 STOPLOSS 4.45

    PREMIUM OPTION UPDATE: RPOWER 62.50 PUT FINAL TARGETS (6.50) HAS ACHIEVED BOOK RS /- 22750 #PROFIT PER LOT CMP 6.75

    Highlight Investment Research


    ReplyDelete

Post a Comment

Popular posts from this blog

Asian markets trade higher; Shanghai Composite up 1.5%

Image
Equity tips:- Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Asian stock markets were trading higher on Friday despite a lacklustre session for US shares amid concerns over a delayed Sino-American trade deal. Treasuries steadied and the dollar held gains. Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Earlier, the S&P 500 spent most of the session fluctuating between gains and losses in thin trading, before edging lower at the close. News that a meeting to end the trade war with China won’t happen this month had weighed on sentiment. The pound was little changed as Prime Minister Theresa May won the endorsement of British politicians to seek to delay Brexit day. The yen was steady as the Bank of Japan cut its economic outlook while maintaining its policy stance. The Bank o...
Read more

Axis Bank slumps over 6% post quarterly earning

Image
Equity tips:- Shares of Axis Bank have slumped by over 6% in opening trades after announcing quarterly earning post market hours on Tuesday.  The stock opened at Rs 488 hit an intraday high of Rs 489 and an intraday low of Rs 482. Total traded volumes were approx 0.35mn shares. The quarterly results missed street estimates as NII for the quarter was 4.5% below street estimates of Rs.4741 crore. Also, net profit for the quarter was almost 66% down from street estimates of Rs.1298 crore. NII for the quarter remained flat at Rs.4539 crore vs Rs.4513 crore in previous year corresponding quarter. This was largely due to muted interest income growth to Rs.11235 crore vs Rs.11159 crore in Q2FY18. Asset quality of the bank deteriorated further as GNPA’s for the quarter rose by almost 67% yoy to Rs 27402 crore. As a percentage to total advances, GNPA’s for the quarter rose by 173 bps to 5.9% vs 4.17% in Q2FY17. While Net NPA’s also increased by 110 bps to 3.12% vs 2...
Read more

Asian stocks trade mixed; Nikkei 225 up ~1%

Image
Equity tips:- The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Asian stock markets were trading mixed on Thursday as investors awaited a slew of economic data from China. The pound gave back some of Wednesday’s surge as traders positioned for the next steps in the Brexit saga. Shares edged higher in Hong Kong and Japan, were little changed in South Korea and fluctuated in China ahead of data including industrial production and retail sales. The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Helping buoy sentiment was data showing US orders for business equipment increased in January by the most in six months and a producer price index signaled modest pressure on inflation. Treasury yields steadied and the yen weakened. The US data signaled a positive start to the...
Read more