Nifty jumps above 10,870 mark; Yes Bank, HDFC Bank stock lead


Equity tips:-





  • Benchmark indices jump-started the session at fresh lifetime highs tracking global markets and underpinned by gains in banks and fast moving consumer goods companies. Nifty Bank gained over 500 points after media report stated that the government is considering allowing 100% FDI in the banking sector.  
  • At 9:47 AM, the BSE Sensex was trading at 35,446, up 364 points, while the broader Nifty50 index was ruling at 10,879, up 90 points.  
  • The Nifty PSU Bank index, up 1.8%, was the top gaining sectoral index, led by near 2% gains in shares of State Bank of India.  
  • The Nifty FMCG index gained 0.8% led by near 2% gains in shares of Hindustan Unilever, as the company reported a higher-than-expected Oct-Dec net profit.  
  • Shares of Emami Paper Mills rose 3% after L&T mutual fund bought 5.42% stake in the company through multiple block deals on the BSE.  
  • Bharti Infratel stock slipped over 2.5% after the company posted 6% fall in consolidated net profit to Rs585cr for the December quarter of the current fiscal on higher costs.  
  • The BSE Mid-cap and BSE Small-cap indices were up 0.48% and 0.97%, respectively.  
  • Volatility index India VIX slipped 1.10% at 13.7150.  
  • Yes Bank (+4%), UPL (+3%), HDFC Bank (+2.5%), IndusInd Bank (+2.3%) and HDFC (+1.9%) were the top gainers on Nifty50.  
  • Infratel (-2.6%), GAIL (-1%), Infosys (-0.85%), Hindalco (-0.80%) and IOC (-0.78%) were the top losers in today’s trade.  
  • Out of 2,006 stocks traded on the NSE, 1,248 advanced, 349 declined and 409 remained unchanged today.  
  • A total of 54 stocks registered a fresh 52-week high in trade today, while two stocks 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 

Comments

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