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1. 10/9/2018
Daily Report
When money matters

2. Nifty 50 Index
Sensex Index
Bank Nifty Index
It was a red start to the
truncated week, with the
Sensex shedding over 100
points, while the Nifty fell
below 11,600. Nifty future
was 49 points down at
11583, Bank nifty future
down 164 at 27428 and
Sensex down 102 points at
38287 and INR opened at
72.14.
Weak rupee and macro
concerns are likely to have
weighed on the market
today. The day was largely
dominated by the bears, with
the benchmarks seeing
selling right from the first
minute. Along with it, rupee’s
weakness ahead added to its
woes. All the sectoral indices
on BSE, except IT and tech,
declined with consumer
durables, FMCG, oil and gas
and power falling nearly up
to 1%.
Axis Bank, Wipro, Infosys and
Lupin were among the top
gainers, whereas Power Grid,
Asian Paints, Kotak Bank and
Vedanta were among the
major losers. Sensex closed
lower by 467.65 points to
37,922.17, while the Nifty 50
fell 151 points close at
11,438.10.
Tomorrowthe niftyindex may
remainbearishif itcrossesthe
level of 11427 on the downside.
MarketCommentary

3. Mahindra Cie Auto:
The Mahindra Cie Auto has been trading in range since January 2016 on
the weekly chart and the stock has given the breakout of the range
resistance line and started to trade bullish and taken support of the
channel line. Also the breakout of the channel line is supported by
considerable increase in the buying side volume and the stock appears to
trade in green for the next trading session.
Mahindra Cie Auto is buy for tomorrow
trading session. RSI crossover is seen on the daily chart and also the stock
is taking support of the parabolic SAR. BUY MAHINDRA CIE AUTO above
296 -299 target range 310 -325 Stop Loss 287.
Stock to Watch for Tuesday

4.  Shares of Axis Bank jumped 5 percent on Monday morning after the lender
announced that Amitabh Chaudhry of HDFC Life will take over as chief
executive officer (CEO) and managing director (MD).The stock touched an
intraday high of Rs 675.00 and an intraday low of Rs 644.00.Chaudhry, who
is replacing Shikha Sharma, will begin his new role on January 1, 2019 for a
three-year term. Chaudhry is currently the Managing Director of HDFC Life.
 Shares of Tata Motors fell 2 percent on Monday morning as investors
reacted to a fall in its Jaguar Land Rover (JLR) sales for August. The stock
touched an intraday high of Rs 276.30 and an intraday low of Rs 272.00.JLR
reported a fall of 4.9 percent (year-on-year) in its August sales at 36,629
units. The company’s retail sales were up 7.7 percent at 11,802 units on a
YoY basis.
 Shares of RITES added 5 percent as company secured additional work from
Ministry of Railways.The company secured an additional work of Rs 294.67
crore from Ministry of Railways for doubling of Dharmavaram Penukunda
rail lines (41.5 Kms) in South Western Railways. Earlier, company was
awarded doubling work for 90.2 Kms of Dharmavaram Penukunda rail lines
in South Central Railways for a cost of Rs 666.38 crore from Ministry of
Railways.
 Shares of Cyient gained 2 percent as company acquired 86 percent stake in
subsidiary company Cyient KK, Japan.Cyient Australia Pty, a wholly owned
subsidiary of the company has acquired 86 percent stake in Cyient KK,
Japan, which is another wholly owned subsidiary of the company.
Subsequently, the stake of the company in Cyient KK, Japan is 14 percent.
This transaction does not materially impact the consolidated financials of
the company.
 Infosys shares rose 1.07% toRs 741. The company said that it has entered
intoa strategic three-year technology partnershipwiththe AustralianOpen.
NewsHighlights:

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6. DAILY REPORT
When money matters
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