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Market Update: Sensex is down 4.65 points or 0.01 percent at 38,857.58
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; Daily Equity Report 9-04-2019 support@starindiaresearch.com8817002233 Outlook of Nifty & Bank Nifty Today Nifty Outlook:- Nifty Future Support- Resistance Market Update: Sensex is down 4.65 points or 0.01 percent at 38,857.58, and the Nifty is down 14.80 points or 0.13 percent at 11,651.20. About 1,126 shares have advanced, 868 shares declined, and 118 shares are unchanged. Power Grid Corp and IndusInd Bank are the biggest gainers, whereas Adani Ports and Asian Paints are the biggest losers. 11763/11850 R1/R2 11605/11535 S1/S2 Daily Chart: Except metal all other sectoral indices ended in green led by PSU bank, IT, infra, FMCG, auto, energy
; Daily Newsletter Page 2 Bank Nifty Outlook:- Bank Nifty Future Support- Resistance Equity benchmark market has gained momentum in the afternoon session as the rally was led by Bank Nifty, realty, media, IT pharma and FMCG sectors.The Nifty Bank index was trading lower by 0.85% at 30,021. ICICI Bank, RBL Bank, Federal Bank, and IDFC First Bank were down 1-2%, respectively. 30345/30670 R1/R2 29786/29550 S1/S2 Daily Chart: On the flip side, shares of IndusInd Bank are Technical Outlook Top Losers 860.1 152.1 3,021.00 186.55 Top Gainers 788.5 769.15 666.65 2,073.60 IBULHSGFIN IOC BAJFINANCE VEDL TECHM INFY M&M TCS
; Daily Newsletter Page 3 Stock Corner: Infosys said it will acquire 75 percent stake in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage administration services in the Netherlands, Belgium and Germany. ABN AMRO will continue to hold the remaining 25 percent of the shareholding. M&M raises prices Mahindra & Mahindra has said it is going to raise the prices of its range of personal and commercial vehicles, effective April 1.The prices will increase by 0.5-2.7 percent, resulting in an increase of Rs 5,000-Rs 73,000, across its models. Shares of Strides Pharma Science soared 4% on Wednesday after a media report said that 1. the foreign brokerage firm Macquarie has upgraded the stock to outperform from neutral, citing likely strong earnings growth in the next financial year.The global brokerage firm also raised its price target to Rs532 from Rs486 apiece after increasing FY20/21 EPS estimates by 3%. The country's largest car maker Maruti Suzuki India (MSI) on Thursday launched mid- size sedan Ciaz with a new 1.5-litre diesel engine, priced at Rs 9.97 lakh onwards .Developed in house, the 1.5-litre engine comes mated with six-speed transmission and offers improved performance. MSI has been utilising Fiat-sourced 1.3-litre diesel powertrains with varied power outputs across its current model range. 2. 3. 4. Stock in ban period ADANIPOWER IDBI R POWER ADANIPOWER IDBI R POWER ADANIPOWER IDBI R POWER
Daily Newsletter ; Page 4 Page 3 Technical outlook of top 2 stocks TATA STEEL Tata Steel Ltd.NSE -0.05 % with a target price of Rs 580. The current market price of Tata Steel Ltd. is Rs 548.35. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 535. Tata Steel Ltd., incorporated in 1907, is a largecap company with a market cap of Rs 66028.23 crore. INTRADAY R1 R2 R3 557 565 570 177 546 541 529 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 10600901 557 545.80 1061 551.18 LEVEL S1 S2 S3 All over trends Sideways to Positive
Daily Newsletter ; Page 5 DRREDDY Shares of Dr Reddy's dropped 0.06 percent and were trading at Rs 2,789.50 on BSE at 10.56 am, while the benchmark Sensex gained 0.12 percent and was trading at 38,896.69 points. INTRADAY 2800 2816 2833 273 2767 2750 2734 Bullish R1 R2 R3 Stock Info VOLUME DAY HIGH DAY LOW MARKET LOT SIZE VWAP 307007 2780 2745 250 2762.75 LEVEL S1 S2 S3 All over trends DISCLAIMER
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