The daily report summarizes the movement of Indian stock indices on December 21, 2018. The Nifty 50 and Bank Nifty indices declined, halting a seven day winning streak, as global stocks fell after the US Federal Reserve signaled more interest rate hikes. Metal stocks declined the most as metal prices fell after the US withdrew sanctions on a Russian aluminum producer. However, losses were limited by gains in pharmaceutical, automobile and select private banks. The rupee rebounded against the US dollar while oil prices fell. Finance Minister Arun Jaitley said the government will infuse Rs 83,000 crore in public sector banks over the next few months.

1. 12/21/2018 Daily Report
When money matters

2. NIFTY 50 INDEX
BANKNIFTY INDEX
BENCHMARK INDICES
ENDED NEAR DAY'S HIGH
WITH NIFTY CLOSED ABOVE
10,950 LEVEL
Indian benchmark indices
declined on Thursday, halting
a seven-day long winning
streak, as stocks across the
world fell after US Federal
Reserve hinted more rate
hikes ahead.Metal stocks
were the worst hit as prices
of most dollar-denominated
metals fell after the US said it
would withdraw sanctions on
Russian aluminium producer.
Finance and energy stocks
were also under pressure.
However, gains in pharma,
auto and select private banks
limited losses. The Indian
rupee rebounded from its
morning low and gained for a
fourth session against the US
dollar supported by falling oil
prices.
At the close the Sensex was
down 52.66 points or 0.14%
at 36431.67, while Nifty was
down 15.60 points or 0.14%
at 10951.70.
YESBANK, HINDPETRO, BPCL,
UPL were the top gainers
among Nifty 50 stocks while
GRASIM, SBIN, BHARTIARTL,
WIPRO were the top losers.
On Friday Indian Indices will
likely to open on flat to
bullish note. Later bullish
movement will be expected.
Keep your eyes on Banking
and finance sector.
Market
Commentary
12/21/2018

3. PARAG MILK FOODS LIMITED
Parag Milk Limited has bounced back from its 200-day moving
average with a positive close in the last session there can be a
trading opportunity on the long side as long as it sustains above
250 levels. Hence, on a bounce from the current levels.
It has also managed to break out from its 200-days level placed
at Rs 252 levels coupled with strong volume growth during the
past sessions indicating a buying sentiment. We recommend
traders to long Paragmilk in the range of 250-252 with a price
target of 262-272.A stop loss should be placed below 239.
Stock to Watch for Friday

4.  Finance Minister Arun Jaitley Thursday said the government will infuse
Rs 83,000 crore in public sector banks in the next few months of the
current fiscal.
Earlier in the day, the government sought Parliament's approval for
infusion of an additional Rs 41,000 crore in the state-owned banks
through the second batch of Supplementary Demands for Grants. This
would enhance the total recapitalization in the current fiscal from Rs
65,000 crore to Rs 1.06 lakh crore.
The recapitalization, Jaitley told reporters, will enhance the lending
capacity of state-owned banks and help them come out of the RBI's
Prompt Corrective Action (PCA) framework.
 Tata Motors Thursday said it has partnered with self-drive rental
platform Zoomcar to offer Tata Tigor electric vehicles (EVs) in Pune.
"Tata Tigor EVs will now be available on the self-drive rental platform,
offered by Zoomcar, to enable zero-emission transport option for the
citizens of Pune," Tata Motors President - Electric Mobility Business and
Corporate Strategy Shailesh Chandra said in a statement.
Commenting on the tie-up, Zoomcar co-founder and CEO Greg Moran
said it marks the beginning of a dynamic partnership within electric
mobility.
 Mother Dairy is the latest entrant in the organicrange of fresh fruits and
vegetables and other kitchen ingredients under its horticulture brand
Safal. With this foray the company aims to make the Safal organic a Rs
100 crore brand, said officials.
The new range of products labelled as ‘Safal Organic’would be made
available in select 100 Safal booths across Delhi NCR, along-with Safal’s
existing range of edibles. Safal has around 300 booths in the region.
NewsHighlights:

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When money matters
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