Stock Market Commentary

Equity bench1Aamark indices open on flat note tracking Asian market before expiry day and continue its sideways movement throughout the day as November contracts expiry due on Thursday also caused volatility in the market. Nifty future close at a discount of 7 points at 10354.15 with a loss of 23.40 and Nifty spot close at 10361.30 with a loss of 8.95 and also bank nifty future close at a discount of 6.70 points. The Equity benchmark index attempted to give upward movement, although the index traded above their respected day high, the bulls clearly failed to push the prices higher as the index heavyweights were not participating in the up move.

As we said Nifty future is moving in particular channel, sideways movement is expected before expiry day. After 2 months of relative peace, North Korea launched its most powerful weapon on early Wednesday, which is the biggest concern right now for the market.

Looses were seen in PSU Bank and Media sector both indices down by 0.93% and 0.41%, major gain were seen in reality sector which closes with a gain of 0.89%

Wipro, Sun Pharma, Bosch and Bharti Infratel were the top gainers, while Axis Bank, Asian Paints, and Zee Entertainment lost the most.

North Korea weapon lounged is the biggest concern for the market as investor and big institution will want to close their long position in the market and this will add selling pressure. Since, we are now approaching current month expiry, we expect volatility to pick up and hence, one needs to be very selective while entering into a trade and we would like to advise investors and traders to avoid carry your long position till global tension remains.

If we closely observe today Nifty future price action, Nifty future tried to hold 10400 mark but turned unsuccessful and now is near channel support level 10330 and breakdown of which will result in directional movement and if it doesn’t break down its channel support level we can see recovery in equity indices. 

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10330 and 10265.

Resistance of Nifty future is placed at 10440 and 10530.

Support of Bank Nifty future is placed at 25700 and 25550.

Resistance of Bank Nifty future is placed at 26010 and 26140.

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MARKET HIGHLIGHTS

Nifty ended at 10370.25 DOWN 29.30 and Sensex at 33618.59 DOWN 105.85 points

India, Denmark vow to boost trade and investment ties

Singapore’s DBS Bank lowers India’s FY18 GDP growth to 6.6%

BHEL bags Rs 64-cr order for sewage plants in Raipur

PNB to offload 6% in PNB Housing Finance to raise Rs 1,324 crore

RCom to sell its DTH arm BIG TV to Pantel Technologies, Veecon Media & Television

ABB, Kawasaki join hands for collaborative robots

NIFTY DAILY

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BANK NIFTY DAILY

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MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
ZEEL 584.70 575.25 9.45 1.64
IBULHSGFIN 1200.00 1181.20 18.80 1.59
MARUTI 8627.00 8508.60 118.40 1.39
ASIANPAINT 1170.00 1156.50 13.50 1.17
INDUSINDBK 1678.00 1660.60 17.40 1.05

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
INFRATEL 376.80 386.60 -9.80 -2.53
AUROPHARMA 705.10 719.45 -14.35 -1.99
NTPC 182.90 186.35 -3.45 -1.85
SUNPHARMA 542.30 551.55 -9.25 -1.68
ONGC 181.00 184.05 -3.05 -1.66

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 28-NOV-17 4438.78 4426.54 12.24

             DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 28-NOV-17 3890.03 4318.18 -428.15

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MARKET HIGHLIGHTS

Nifty ended at 10399.55 UP 9.85 and Sensex at 33724.44 UP 45.20 points.

India’s gold imports to jump to over 700 tonnes in FY18: GJEPC.

Goldman Sachs sees significant pick-up in growth for India; 2018 GDP just under 8%.

Essar concludes sale of Aegis to Capital Square Partners for $300 million.

UTI Capital mops up over Rs 480 crore via alternative invest fund.

Ashok Leyland, Hino ink pact to develop BS-VI engines.

ONGC officers seek PM intervention to stall Oil Min move.

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
NTPC 185.95 180.30 5.65 3.13
AXISBANK 559.70 545.50 14.20 2.60
ZEEL 575.35 564.15 11.20 1.99
ONGC 184.05 181.00 3.05 1.69
INFRATEL 385.95 380.80 5.15 1.35

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HINDPETRO 423.70 430.30 -6.60 -1.53
INFY 996.55 1009.55 -13.00 -1.29
ADANIPORTS 399.60 404.60 -5.00 -1.24
BAJFINANCE 1772.00 1790.00 -18.00 -1.01
TATAMOTORS 421.65 425.50 -3.85 -0.90

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 27-NOV-17 4087.75 4512.52 -424.77

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 27-NOV-17 2902.5 2833.1 69.4

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