Daily Equity Report As on 22-Dec.-2017

MARKET HIGHLIGHTS

Nifty ended 10493.00 UP 52.70 and Sensex 33940.30 UP 184.02 points.

Expect India to growth at 6.7% in FY18, 7.4% in FY19: IMF’s Maurice Obstfeld.

RBI warns of elevated NPA risks;pvt banks dud loan spike 41%.

Expect to become debt free after selling 100% stake in Mumbai power biz: Rel Infra.

Board has decided to apply for trading licences: NHPC.

Edelweiss aims 200-250% growth in AUM by FY’19.

TCS bags record $2.25 billion outsourcing contract with TV ratings firm Nielsen. » Read more

Stock Market Commentary For Today 22/12/2017

Stock Market Commentary For Today 22/12/2017

Equity benchmark indices open again on flat note today but market was in different mood as market was in bullish trend throughout the day tracking positive Asian markets and backed by Oil, Technology & Financial stocks, broader market also participated in the rally and both ended at fresh record high. Sensex was up by 184.02 points at 33940.30 and Nifty future was up by 43.00 at 10505.45.

All sectoral indices were positive today except Metal sector which closed with a marginal loss of 0.01%.Sectors that outperformed today were Technology, Banking, Oil and Finance. » Read more

Today Trends Update

NIFTY SPOT LEVELS
SUPP 1: 10320
SUPP 2: 10010
RES 1: 10510
RES 2: 10675

BANK NIFTY FUTURE LEVELS
SUPP 1: 24970
SUPP 2: 24550
RES 1:25950
RES 2: 26200

WORLD MARKET ALERT
HANG SENG 78
NIKKEI -5
SHANGHAI 2
DOWJONES 55
NASDAQ 4
SGX NIFTY 5

INTERNATIONAL MARKET UPDATE
GOLD $ 1265.66
SILVER $ 16.20
COPPER $ 319.85
CRUDE $ 58.20
INR 64.05