Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
Benchmark copper on the LME slipped 0.5 per cent to $6,456 per tonne
Nifty, Bank Nifty, HPCL, Hindustan Unilever
Average issue size also increased to over Rs 170 million during the period under review from Rs 130 mn in the first quarter of the preceding financial year (2017-18)
Analysts say the correction is overdone and presents an opportunity for long-term investors
SVL-owned companies facing NCLT proceedings
Realisations will be driven by weaker rupee and improving product mix in favour of premium bikes, beside higher three-wheeler sales
Raising capacity at Angul steel plant leading to strong volume growth
Analysts estimate Idea's ARPU to fall below Rs 100; down-trading and migration by low-value customers to impact all telcos
Consistent buying by domestic institutional investors and encouraging services PMI data for June also boosted trading sentiment
Bourse, entities charged with violating Securities Act; exchange may file for consent
The total asset base of all the fund houses put together was Rs 19.52 trillion in April-June 2017
Sensex hits 17K: Ends up 22pts at 16,921
Among the sectoral indices, the Nifty Auto index settled 1.25% higher led by a rise in the shares of Bajaj Auto, TVS Motos and Maruti Suzuki
Kohinoor Foods, LT Foods, IFB Agro Industries and Radico Khaitan from the S&P BSE FMCG index were up in the range of 5% to 12% on the BSE.
The stock tanked 18% to Rs 1,066, its sharpest intra-day fall since November 9, 2016.
Maruti Suzuki India was up 1.6% to Rs 9,122, gaining 3% in past three trading session, while Bajaj Auto was trading 2% higher at Rs 2,924, extending its past two days 2% gain on the BSE.
In past one month, Lupin has outperformed the market by surging 23% as compared to 1.4% rise in the S&P BSE Sensex.
Midcaps stocks have under-performed their large-cap peers so far in calendar year 2018 (CY18)
The stock is locked in lower circuit of 5% at Rs 20.65, falling 75% in past three months, as compared to 5% rise in the S&P BSE Sensex.