Indian
Indices: Asian indices opened in the green ignoring the North Korean missile
test and US internal probe uncertainty as ‘risk on’ trade continued to see
equities being bought aggressively. OIl prices climbed above US $ 50 which
saw energy stocks rebound as the US Dollar weakness saw flows buy into Asian
currencies which aided the sentiment.
Nifty saw huge intraday volatility as the GST rates finalization gave
FMCG bell weathers like ITC and HUL huge boost that saw Nifty scale 9500 on
opening bell. However, big selling by foreign investors pushed the Nifty to
below 9400 as rupee weakness saw selling intensify. Positive results which
beat estimates by SBI lifted the sentiment near close to see a sharp pullback
help the index close in the green. For today expect volatility to be the
buzzword as we enter derivative contract expiry week.
The BSE
Sensex is currently trading at 30589.97, up by 125.05 points or 0.41% after
trading in a range of 30582.82 and 30712.15. There were 15 stocks advancing
against 14 stocks declining on the index, while one stock remained unchanged.
The broader indices were trading mixed; the BSE Mid cap index declined 0.21%,
while Small cap index was up by 0.16%.
The CNX Nifty is currently trading at 9462.25, up by
34.35 points or 0.36% after trading in a range of 9457.10 and 9498.65. There
were 24 stocks advancing against 27 stocks declining on the index.
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MARKET
INDICATORS
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·
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Group ATopGainers
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|
|
Company
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Price (Rs)
|
% chg
|
Unitdspr
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2067.95
|
7.99
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ITC
|
297.15
|
4.28
|
Suzlon
|
21.20
|
3.16
|
UBL
|
798.05
|
3.09
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Group ATopLosers
|
|
|
VRLLOG
|
310.00
|
-7.10
|
Cumminsind
|
922.00
|
-4.73
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Justdial
|
488.00
|
-4.20
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Jetairways
|
499.00
|
-3.89
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INDEX
PERFORMANCE
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Indices
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Support
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Resistanes
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Sensex
|
30430
|
30660
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Nifty
|
9475
|
9535
|
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|
|
|
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MothersonSumi
(Buy Above 424 with Stop Loss at 416 for Target of 440): The stock has gained
strong momentum in the previous trading session snapping a three day losing
streak. Motherson found support at its 15-DMA and has bounced sharply. The
smart upswing is also accompanied with credible uptick in volumes. In
addition, other momentum oscillators also point towards an extended rally in
the stock.
Derivative Snippets
The
joint venture between Larsen & Toubro (L&T) and Mitsubishi Hitachi Power Systems Ltd, L&T-MHPS Boilers
Private Limited (LMB), has secured export orders worth around Rs3bn from
the Japanese thermal power generation company.
In the last trading session, markets
ended on a flat note after witnessing volatile intraday swings. Long
unwinding was seen in Nifty 9300 PE while short selling was witnessed in
9500CE indicating of a likely close for Nifty between these two strikes
during this expiry week.
FIIs were net sellers in cash market
segment to the tune of Rs 989 Cr.FIIs index future long short ratio at 2x vs
1.9x.
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Nifty Movers: The top gainers on Nifty were ITC up by 3.93%,
BhartiInfratel up by 2.07%, Kotak Mahindra Bank up by 1.69%, Indiabulls
Housing up by 1.46% and Adani Ports up by 1.45%. On the flip side, Tata Power
down by 3.27%, Sun Pharma down by 2.17%, GAIL India down by 1.73%, SBI down
by 1.59% and Lupin down by 1.58% were the top losers.
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Top Sectoral& Stock Screening: The top gaining sectoral indices on the BSE were FMCG up by 1.94%,
Telecom up by 0.87%, Capital Goods up by 0.73%, IT up by 0.73% and Realty up
by 0.72%, while PSU down by 0.84%, Oil & Gas down by 0.66%, Healthcare
down by 0.60%, Utilities down by 0.56% and Energy down by 0.26% were the
losing indices on BSE.
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On the global front: On the global front, Asian shares were trading
mostly in green, amid political turmoil in Brazil. Indonesia’s central bank
governor said its policy stance remained neutral and that it was monitoring
global risks ranging from the big chance of a rate hike in the United States
in June to tension in the Korean peninsula. At a policy meeting, Bank
Indonesia kept its benchmark interest rate unchanged at 4.75 percent, saying
its decision was consistent with its efforts to maintain stability at a time
of recovery for Southeast Asia’s largest economy.
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Global Signals:Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI
gained 2.92 points or 0.17% to 1,771.20, KOSPI Index increased 11.41 points
or 0.5% to 2,299.89, Taiwan Weighted rose 30.47 points or 0.31% to 9,978.09,
Jakarta Composite jumped 32.87 points or 0.57% to 5,824.75, Nikkei 225 added
89.02 points or 0.45% to 19,679.78 and Hang Seng was up by 237.39 points or
0.94% to 25,412.26.
On the flip side, Shanghai Composite was down by
7.52 points or 0.24% to 3,083.11.
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