Market Closing Buzz For Today : 19th December (Tuesday)

Tuesday Closing Buzz

Sensex ended over 200 points up and Nifty closed above 10,450. BSE Auto Sector gained 3.42% Today.

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Daily Equity Report As on 4-Dec.-2017


Nifty ended at 10227.75 UP 5.95 and Sensex at 32869.72 UP 36.78 points.

AYUSH industry may create 26 mn jobs by 2020: Suresh Prabhu.

Urea imports down by 7.25% in April-October.

63 Moons locked in 5% lower circuit as Bombay HC upholds merger with NSEL.

Infosys rallies as Board appoints new CEO & MD Salil Parekh.

Tata Motors rallies 3% on strong commercial vehicle sales; Land Rover drives JLR sales.

Biocon surges 14% after US FDA gives approval to biosimilar version of Herceptin. » Read more

Stock Market Commentary By Market Magnify

Equity benchmark indices trades range bound today as investors waits for RBI policy on Wednesday this week and midterm review of foreign trade policy. Sensex closed at 32869.72 up by 36.78 points at 32832.94 and Nifty future closed 11.75 points up at 10166.

Biocon gain more than 14 % percent as the US FDA approved Mylan and Biocon’s Ogivri, the first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and gastric cancers. » Read more



The market was BEARISH during the week. The Sensex was DOWN 846.30 points while the Nifty was DOWN 2.58 % during the week. Nifty was in the range of 10108-10410

The Dow Jones Industrial Average fell 40.76 points, or 0.17%, to 24,231.59, the S&P 500 lost 5.36 points, or 0.20%, to 2,642.22 and the Nasdaq Composite dropped 26.39 points, or 0.38%, to 6,847.59. Wall Street fell on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the US election as well as with progress on a tax bill in Congress. The benchmark S&P 500 was down as much as 1.6 percent following the report. Flynn pleaded guilty on Friday to lying to the FBI about contacts with Russia’s ambassador. Steep sell-offs have been a rarity on Wall Street this year. The S&P 500 has closed down by at least 1 percent only four times in 2017. But stocks recouped the bulk of their initial losses, after US Senate Republicans said they had enough support to pass a sweeping tax overhaul. The Senate news was the latest sign of progress for a tax bill being closely watched by investors, with hopes that significant corporate tax cuts will further fuel Wall Street’s record-setting rally. Advancing issues outnumbered declining ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favoured decliners. Energy was the best-performing sector, rising 0.8 percent. Oil prices settled up slightly, the day after OPEC and other crude producers agreed to extend output cuts until the end of 2018 to tighten global supplies and support prices » Read more

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. 


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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SUPP 1: 10210
SUPP 2: 9890
RES 1: 10520
RES 2: 10650

SUPP 1: 25540
SUPP 2: 24780
RES 1: 26340
RES 2: 26780


GOLD $ 1279.20
SILVER $ 16.94
COPPER $ 314.80
CRUDE $ 57.67
INR 64.89

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MarketMagnify Corporate Business Upcoming Announcements

Top Companies Results

DLF Ltd Upcoming Q1 Results on August 29, 2016

DLF Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 29, 2016, inter alia, to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2016 (Q1).

Pursuant to ‘DLF Code of Conduct to Regulate, Monitor and Report Trading by Insiders, 2015’, trading window for insiders shall remain closed from the end of the day of August 22, 2016 and shall open 48 hours after the conclusion of the Board Meeting.

Gujarat Mineral Development Corporation Ltd has informed BSE that the Board of Directors of the Company will meet on August 29, 2016, to consider and approve the Unaudited financial results for the Quarter ended on June 30, 2016 (Q1).

Desh Rakshak Aushdhalaya Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 27, 2016, inter alia, to transact the following;

1. To discuss, consider and adopt the Balance Sheet, Profit and Loss account along with schedule and notes to account for the Financial Year ended March 31, 2016.

2. To take on record the Auditors Report on Annual Accounts for the Financial year ended March 31, 2016.

3. Approval of the draft director’s report for the year ending March 31, 2016.

4. Approval of the draft notice for calling of the Thirty Fifth Annual General Meetings of the Company.

5. Appointment of N. K. Rastogi & Associates, Company Secretaries as Scrutinizer for voting process at the forthcoming Annual General Meeting.

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