The daily equity report summarizes the performance of key indices and provides information on top gainers and losers. The Sensex ended lower by 253 points at 24,551 and the Nifty slipped by 78 points to 7,460, ahead of the upcoming Fed meeting. Top gainers included SBI, Bharti Airtel and Tata Steel, while top losers were Lupin, HDFC and Dr. Reddy's. The report also provides updates on various companies and recommends stocks to buy and sell.
2. INDEX SPOT OPEN CLOSE FLUCTUATION
SENSEX 24832.04 24551.17 253.11
NIFTY 7535.85 7460.60 78.15
BANK NIFTY 15310.45 15326.80 49.00
The Sensex ended lower 253.11 points or 1 percent at 24551.17, and
the Nifty slipped 78.15 points or 1 percent at 7460.60 ahead of Fed
meet. About 1003 shares have advanced, 1633 shares declined, and
159 shares are unchanged. SBI, Bharti Airtel, Tata Steel, Axis Bank and
BHEL were top gainers while Lupin, HDFC, Dr Reddy's, Sun Pharma abd
Cipla were losers.
MARKET INFO
TODAYโS MARKET FLOW
3. TODAYโS NEWS POINTS
๏ท Hyundai to raise Creta production to 13K to cut waiting period
๏ท Individual loan growth healthier than corporate book: HDFC
๏ท Tea prices to increase by Rs 20 per kg by March: Jayshree Tea
๏ท Suzuki eyes 1 mn annual 2-wheeler sales in India by 2020
๏ท P&G stops sale of 'Vicks Action 500 Extra' after govt ban
๏ท RIP: 33-yr old Vicks Action 500 Extra no more on safety
grounds
๏ท Cautious on Lupin as no clarity yet on USFDA action: Surajit
Pal
๏ท See 10-12% growth in FY18; rev to touch Rs 7200 cr:
Crompton
๏ท Mahindra earmarks Rs 10,000cr investment till FY18
๏ท Jindal Power to sell 4.12% stake in IEX by March-end
๏ท Indiabulls Real Estate to raise Rs 70cr via issue of NCDs
5. SCRIPTS S-1 S-2
PIVOT
POINT
R-1 R-2
NIFTY 7426 7392 7485 7519 7578
BANK NIFTY 15267 15208 15326 15385 15444
FORECASTING FOR TOMORROW
MARKET
Yesterday Nifty has taken resistance of trendline in daily chart but
bank nifty doesnโt thatโs why bank nifty is not week as it has to
test trendline. Tomorrow market will be open flat as but it will
remain volatile as it is been for past one week. But we can expect
market to move in range where there is someone for everyone
buyers as well as for sellers.
DAILY PIVOTS
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