MARKET WRAP:Sensex ends 100 pts up after a volatile day, Nifty below 11,000

Fresh trade war concerns between the United States and China weighed down investors' sentiment on Friday leading to a sluggish trade through the day. The benchmark S&P BSE Sensex and the broader Nifty50 plummted 411 points and 131 points respectively during the intra-day trade before staging a smart recovery during the last trading hour.

Indices inched higher on reports that the PMO took stock of the steep sell-off being witnessed in the market since the presentation of the Union Budget 2019-20. Reports suggested that PMO met officials from the Finance Ministry on Thursday to discuss concerns raised by the FPIs and even considered proposals submitted by them.

The Sensex closed at 37,118 level, up 100 points, or 0.27 per cent with Bharti Airtel, Asian Paints, Bajaj Auto, and Maruti being the top gainers. On the other hand, Tata Steel, SBI, Vedanta, and ONGC ended the day with steep losses. The broader Nifty50 failed to hold the psychological 11,000-mark to end at 10,997, up 17 points, or 0.16 per cent. 

In the broader markets, S&P BSE Mid-cap closed at 13,547 level, up 20 points, or 0.15 per cent while the S&P BSE Small-cap settled 55 points, or 0.44 per cent, lower at 12,496 level.

Sectorally, metals slipped the most as risks to global economy increased after US President Donald Trump imposed fresh tariffs Chinese imports. The index dipped 2.16 per cent at close, followed by Nifty PSU Bank, down 1.12 per cent. Among the gainers, Nifty Auto index ended 1.26 per cent higher, followed by Nifty IT index, which gained 0.57 per cent on the back of weaker rupee. 

GLOBAL CUES

European stocks posted their biggest drop of 2019 on Friday and German bond yields hit record lows after US President Donald Trump fired his latest trade war salvo at China, jolting markets and sparking a frenzied bid for safe-haven assets.

Markets around the globe dived into a sea of red, with the pan-European Stoxx dropping 2 per cent in its sharpest daily tumble of 2019. The trade-sensitive DAX and France’s CAC 40 dropped 2.7 per cent, the former hitting a fresh two-month lows.

At close, MSCI’s index of world stocks dropped 0.6 per cent as Asian bourses nursed heavy losses. Japan’s Nikkei fell 2.1 per cent, Hong Kong slumped 2.5 per cent and China mainland stocks declined around 1.5 per cent.

(with Reuters inputs)

3:40 PM IST

3:40 PM IST

3:39 PM IST The Sensex closed at 37,118 level, up 99 points, or 0.27 per cent. The broader Nifty50 failed to hold the psychological 11,000-mark to end at 10,997, up 17 points, or 0.16 per cent. 

3:25 PM IST --The government is also looking for ways to ease concerns of foreign portfolio investors that have pulled out of Indian equity markets after a budget announcement of higher taxes for individuals and trusts earning more than 20 million rupees a year, the source told the news agency.

3:15 PM IST

3:02 PM IST

3:01 PM IST

2:54 PM IST

2:54 PM IST

2:50 PM IST

2:45 PM IST -- Net profit at Rs 224.3 crore, up 6.9% YoY -- Revenue at Rs 2,779.2 crore, up 0.2% YoY

LIVE UPDATES

Sectoral trends at NSE at close


Top gainers and losers on S&P BSE Sensex at close


Closing Bell

The Sensex closed at 37,118 level, up 99 points, or 0.27 per cent. The broader Nifty50 failed to hold the psychological 11,000-mark to end at 10,997, up 17 points, or 0.16 per cent. 

NEWS ALERT | Govt likely to put 35% minimum shareholding rule for listed entities on hold: sources to Reuters

--The government is also looking for ways to ease concerns of foreign portfolio investors that have pulled out of Indian equity markets after a budget announcement of higher taxes for individuals and trusts earning more than 20 million rupees a year, the source told the news agency.

Asian Paints at day's high


Federal Bank slips


Buzzing | Indiabulls Housing Fin sees sharp fall


Result impact | HDFC gains post Q1 nos


Result Impact | SBI slips over 2% as slippages rises in Q1


Market check | Sensex pares gains


Earnings Alert | Exide Industries Q1

-- Net profit at Rs 224.3 crore, up 6.9% YoY

-- Revenue at Rs 2,779.2 crore, up 0.2% YoY

Market check


Earnings Alert | SBI Q1 results

-- Net profit at Rs 2,312 cr

-- Gross NPA at 7.53%

-- Provisions at Rs 9,183 cr

-- Net NPA at 3.07% vs 3.01% QoQ

Auto stocks top gainers at this hour


Index Contributors at this hour


Market check | Nifty turns green


Market check | Sensex recovers, up 80 pts


Anand Rathi Shares and Stock Brokers on Biocon

Recommendation: BUY

CMP: Rs 224

TP: Rs 321

On profitability front, the company’s consolidated operating margins stood 29.8%, an improvement of ~870 basis points at ₹4.37 million in Q1-FY20 as against 21.2% in Q1-FY19 at ₹2,378 million. Profit after tax margins for the company stood at 14.1% in Q1-FY20 at ₹2,063 million against 10.7% at ₹1,197 million. The improvement in margins was mainly led by sustained higher contribution of Biologics segment driven by biosimilar products portfolio which led to better product mix.

Going ahead, we continue to expect company to get benefits of first wave of Biosimilar commercialisation in the next two years which should drive higher revenues and margins. We have updated our financials reflecting latest quarterly numbers and continue to remain positive on the stock and maintain our BUY rating with a revised target price of ₹321 per share.

Talwalkars Group stocks plunge up to 70% in four weeks on ratings downgrade

Shares of Talwalkars Group companies – Talwalkars Healthclubs (THL) and Talwalkars Better Value Fitness (TBVFL) – were on Friday locked in their respective lower circuits for 12th trading session in a row after various rating agencies downgraded the companies' long-term facilities and debenture issues. The market price of these stocks hit new lows at the bourses today. READ MORE

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
APAR INDS. 472.60 469.40 -3.25 -0.68
APOLLO TYRES 151.15 144.05 -3.10 -2.01
ASAHI INDIA GLAS 191.50 191.50 -3.75 -1.92
ASHOK LEYLAND 63.30 60.85 -5.65 -8.19
AUROBINDO PHARMA 549.45 540.00 -0.95 -0.17
» More on 52 Week Low

NEWS ALERT | PMO, Finance Ministry officials met on Thursday to stake stock of economic conditions

-- PMO, Fin Min discussed suggestions proposed by FPIs
 
Alert: FPIs suggested tweaks, if not rollback

(As reported by ET Now)

NEWS ALERT | PMO takes stock of Market fall: ET Now

-- PM looks into FPI selling

-- PMO takes stock of tax surcharge and its impact on markets, FPI


Expert Comment :: Vijay Kedia suggests buying value picks

NEWS ALERT | Latest US action on trade shows how the US is flip-flopping: China

-- China will not give in to blackmail and intimidation

NEWS ALERT: China's position w.r.t trade talks with US remains consistent: China Foreign Ministry

-- Door for talks is open

HDFC Q1 preview: Analysts see up to 50% rise in PAT, dip in provisions

At a time when the non-banking finance company (NBFC) sector is in a deep distress, HDFC is likely to standout when it reports its June quarter results for 2019-20 (Q1FY20) on Friday, August 2, analysts say. This, they believe, will be possible due to an improvement in assets under management (AUM) and a stable asset quality. On an average, analysts see the housing finance company report up to 50 per cent rise in the net profit (PAT) for the recently concluded quarter. READ MORE

SBI Q1 preview: Analysts predict double-digit loan growth, drop in net NPA

The country’s largest lender State Bank of India (SBI) is expected to see a turnaround performance in the June quarter of financial year 2019-20 when it reports numbers on Friday, August 2. Analysts peg the net profit at Rs 5,934.5 crore as compared to a net loss of Rs 4,875.9 crore in the corresponding quarter of the previous fiscal (Q1FY19). READ MORE

Market check



Super-rich tax, auto sector proposals Modi govt's two own goals: Chris Wood

The ‘super-rich’ tax imposed by the government in the recent Budget and the proposal to scrap old vehicles and hike the registration and renewal charges for vehicles are the two ‘own goals’ of the Narendra Modi – led government, said Christopher Wood, global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear. READ MORE
File photo of Christopher Wood, global head of equity strategy at Jefferies

Jet Airways locked in 5% upper circuit for second straight day

Shares of Jet Airways (India) were locked in the upper circuit of 5 per cent for the second straight day, to quote at Rs 36.85 apiece, on the BSE on Friday after reports suggested that four bidders are likely to bid for the beleaguered airline. The airline gained 16 per cent from Thursday's low of Rs 32 in an otherwise weak market. The S&P BSE Sensex was trading lower by 0.57 per cent at 11:50 am. READ MORE
Jet Airways (Illustration: Ajay Mohanty)

NEWS ALERT | Mindtree appoints Debashis Chatterjee as MD, CEO: BSE filing

-- SN Subrahmanyamn appointed non-executive vice chairman

HDFC Securities on Star Cement

Recommendation: BUY

TP: Rs 140

CMP: Rs 96

We continue to like Star for its leadership positioning in the lucrative NE region (best EBITDA margins) will further rise (on-going expansions). Star’s industry leading margins should gain from increased local coal availability and cost reduction from upcoming WHRS. Thus, Star should sustain its industry leading profitability/ return ratios, while retaining a net cash balance sheet. Star currently trades at a mere 6.6x FY21E EBITDA (EV of USD 117/MT). Maintain BUY with a TP of Rs 140 (10x consol FY21E EBITDA).

Ashok Leyland slips 12%, hits over 5-year low on weak outlook

Shares of Ashok Leyland hit an over 5-year low to trade at Rs 61 per share, slipping 12 per cent intra-day, on the BSE on Friday as analysts remained cautious on the company's medium-term outlook for the domestic medium and heavy commercial vehicle (M&HCV) industry. The stock was trading at its lowest level since February 10, 2015, when it had touched Rs 56 per share in the intra-day trade. READ MORE

Nifty Auto index off day's low


NEWS ALERT | Vehicles of armed, paramilitary forces exempt from BS-IV and VI compliance: CNBC TV18

-- Armoured specialised vehicles of Army and paramilitary exempt from new emission norms

Bharti Airtel gains 5% after reporting improved margin in June quarter

Shares of Bharti Airtel climbed 5 per cent to Rs 339 apiece in Friday's early morning trade on the National Stock Exchange (NSE) in an otherwise weak market after the telecom operator reported an improved margin and industry-best average revenue per user (ARPU) for the June quarter (Q1FY20). Consolidated EBITDA (earnings before interest, tax, depreciation and amortization) margin improved to 41 per cent during the quarter as compared to 34.5 per cent in the corresponding quarter last year. READ MORE

NEWS ALERT | Cadila Health says Zydus completes Phase III trials of Saroglitazar Magnesium in Type 2 Diabetes Mellitus


Sensex remains subdued, down over 300 pts


NEWS ALERT | Indiabulls Housing Finance to buy back up to $50 mn of the $350 mn 6.375 per cent notes issued by the company: BSE filing

-- The notes were issued under the updated $1,500 million secured Euro medium term note programme

--  The buyback will be done upon receipt of necessary regulatory approvals.

Bond bonanza to help Indian banks battle world's worst bad loan ratio

The benchmark 10-year sovereign bond yield dropped about 50 basis points in July, extending the past year's decline to more than 130 basis points. Each basis point fall in the yield adds Rs 3.5 billion ($50 million) to banks' treasury gains, boosting their ability to writedown bad loans, estimates by ICRA Ltd show. READ MORE

HDFC Securities on Symphony

Recommendation: BUY

TP: Rs 1,686

CMP: Rs 1,264

Symphony’s 1Q performance was a blowout, even beat our aggressive estimates. 1Q performance has proved the naysayers wrong about the relevance of air coolers (in the era of fast growing RAC) and Symphony’s market share loss. Growth visibility for FY20E is high despite slowdown in macros owing to low channel inventory and new launches. We maintain our estimates and value Symphony at 45x Jun- 21 EPS, arriving at a TP of Rs 1,686. Maintain BUY.

Elara Capital on Container Corporation of India

Rating: ACCUMULATE
 
Target Price : Rs 544
 
Upside : 6%
 
CMP : Rs 515 (as on 01 August 2019)

Management maintains guidance of 10-12% revenue growth on the back of estimated GDP growth of 6.5-7.0%; however, challenges remain on the ground with subdued trade and economic environment. We revise our earnings estimates down by 9% for FY20 and 8% for FY21 to factor in slower growth and higher depreciation. We revise our rating to Accumulate from Buy with a new target price of INR 544 from 590 based on 23x (unchanged) FY21E P/E. At the CMP, the stock provides limited upside of 7%.   
 

India witnessing a Lehman-like crisis, says Elara Capital's Raj Bhatt

Raj Bhatt, vice-chairman and chief excutive officer (CEO) of Elara Capital, says that India is in a similar situation as the US after the 2008 Lehman Brothers crisis. In an interview with Sundar Sethuraman, Bhat says that the government should take steps to address the risk aversion among banks and financial institutions. READ MORE

HDFC trades lower ahead of Q1 results


MARKET ALERT | Nifty50 trades at fresh-5 month low


Market check


Coal India hits 52-week low


JK Tyre skids 16% on weak June quarter results, trades near 5-year low

Shares of JK Tyre & Industries were trading near 5-year low of Rs 60 apiece, down 16 per cent in early morning deals, on the BSE on Friday, after the company reported a sharp 75 per cent drop in consolidated net profit at Rs 16 crore in the June quarter (Q1FY20) due to weak operational performance. The tyres manufacturing company's profitability was hit due to overall slow-down in automotive sector, the management said. It had posted a profit of Rs 64 crore in the year-ago quarter. READ MORE

GAIL slips over 3%


Bharti Airtel continues rally; top gainer at Nifty50


Ajanta Pharma gains over 3%


Cipla trades in the green


Most active stocks by volume

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
VODAFONE IDEA 6.43 -0.19 -2.87 2126446
YES BANK 87.55 -0.85 -0.96 1394660
TECH MAHINDRA 623.10 -2.50 -0.40 1306820
RELIANCE POWER 3.28 -0.24 -6.82 1053660
ASHOK LEYLAND 65.00 -3.95 -5.73 829298
» More on Most Active Volume

DHFL dips 3% after DSP Mutual Fund initiates legal action for recovery of dues


Ashok Leyland falls over 5% on weak July sales


Tata Power down over 3% on weak Q1 results


HDFC trades with over a per cent cut ahead of Q1 results


IDFC First Bank slips 2%


Motherson Sumi slips in trade


Nifty Realty index dips over 2%


Tata Motors hits 52-week low


CARE Ratings slips over 18%


MARKET ALERT | Nifty50 turns negative for 2019


Nifty Bank below 28,000


Market check


DLF slips 3.4%


HCC gains 5%


Hindustan Petroleum slips over 1%


Indian Bank slips 2%


Metals slips on trade war concerns

-- Jindal Steel Hisar, Hindustan Zinc, JSW Steel, Vedanta hit 52-week low


Hero MotoCorp slips 3%


Talwalkars Healthclubs slides 5% on interest payment default


Market check


Ashok Leyland dips over 4%


Vedanta sheds over 3%


Broader Market Check


Apollo Tyres dips over 2%


Vodafone Idea slips 3% in Opening Trade


Bharti Airtel gains 2% despite Rs 2,866 cr loss in Q1


Sectoral trends at NSE during Opening trade


Top gainers and losers on S&P BSE Sensex during Opening trade


Market at Open


Market at Open


July Auto Sales | Tata Motors

-- JLR sales at 8,476 units, up 4.8% YoY

-- Jaguar sales at 2,020 units, up 7.4%

-- Land Rover at 6,456 units, up 4% YoY

NEWS ALERT | Global PE majors, FMCG companies show interest to pick up stake in CCD: sources to CNBC TV18

Bharti Airtel tanks 10% in Pre-Open


Top gainers and losers on S&P BSE Sensex during Pre-open


Market at Pre-open


Rupee opening

Rupee opens lower at 69.25/$ vs Thursday's close of 69.05 against the US dollar

Indians sell record amount of old gold as prices hit 7-year-high

The report stated consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes. 
 
Gold jewellery sold and repurchased, or remaking gold, is not calculated as part of old gold sale. READ MORE

Market at Pre-open


Sebi flags 23 MF practices, warns of action if they violate rules again

The Securities and Exchange Board of India (Sebi) sent a letter to the mutual fund (MF) industry body — Association of Mutual Funds in India (Amfi) — raising concerns with 23 irregularities that its inspection team found short of the best-industry practices or in breach of the existing regulatory framework.
 
“Sebi, after considering the observations of the inspection team for the period April 1, 2016, to March 31, 2017, and the comments of asset management companies (AMCs) and trustees thereon, has taken adverse view of the following additional observations with respect to the practices for MFs,” the regulator’s letter read. READ MORE

Stocks to watch: Bharti Airtel, SBI, HDFC, Talwalkars Healthclubs, ITC

Here's a look at the top stocks that may remain in focus today -
 
Bharti Airtel: The telecom operator posted a loss of staggering Rs 2,866 crore in the June quarter. However, revenue was up 2.8 per cent at Rs 15,345 crore.
 
State Bank of India: The country’s largest lender is scheduled to repor its June quarter numbers today. Analysts peg net profit at Rs 5,934.5 crore as compared to a net loss of Rs 4,875.9 crore in Q1FY19. READ MORE

NEWS ALERT | DSP says, suing DHFL for amount due before the inter-creditors' agreement was signed: sources to CNBC TV18

-- Don't want to de-rail DHFL resolution process: DSP

-- ICA signed on June 29; DSP's amount due on June 25

Senior officials of domestic asset managers to be hit hard by I-T surcharge

Senior officials of domestic asset managers have historically drawn high salaries and will be hit hard. For instance, HDFC MF managing director Milind Barve and chief investment officer Prashant Jain’s annual remuneration for FY19 stood at Rs 7.2 crore each.
 
ICICI Prudential MF’s MD and CEO Nimesh Shah took home Rs 6.25 crore. The industry also routinely gives one-time payments and ESOPs that could amount to a sizeable amount in a particular year. READ MORE

HDFC Q1 preview: Analysts see up to 50% rise in PAT, dip in provisions

At a time when the non-banking finance company (NBFC) sector is in a deep distress, HDFC is likely to standout when it reports its June quarter results for 2019-20 (Q1FY20) on Friday, August 2, analysts say. This, they believe, will be possible due to an improvement in assets under management (AUM) and a stable asset quality. On an average, analysts see the housing finance company report up to 50 per cent rise in the net profit (PAT) for the recently concluded quarter. READ FULL PREVIEW HERE

SBI Q1 preview: Analysts predict double-digit loan growth, drop in net NPA

The country’s largest lender State Bank of India (SBI) is expected to see a turnaround performance in the June quarter of financial year 2019-20 when it reports numbers on Friday, August 2. Analysts peg the net profit at Rs 5,934.5 crore as compared to a net loss of Rs 4,875.9 crore in the corresponding quarter of the previous fiscal (Q1FY19). READ MORE

Bharti Airtel posts first quarterly loss in 10 years, at Rs 2,866 crore

The company was able to retain its top spot in the market in terms of revenue as its top line was up 2.8 per cent at Rs 15,345 crore. Vodafone Idea posted revenue of Rs 11,269.9 crore in the June quarter and Reliance Jio’s revenue was Rs 11,679 crore. READ MORE

NEWS ALERT | Govt invites applications for the post of RBI Deputy Governor, by Aug 30

Alert: Deputy Gyv Viral Acharya quit office on July 2.

Auto sales in July fall for 9th consecutive month due to poor demand

Cumulative sales of India’s top five manufacturers of passenger vehicles — including Maruti Suzuki India, Hyundai Motor India, Mahindra and Mahindra, and Toyota Kirloskar Motor — fell by 30.6 per cent to 172,992 units over the same month last year.
 
The sharp decline in sales, for the ninth consecutive month, has heightened the pitch for a fiscal stimulus in the form of a GST (goods and services tax) rate cut. READ MORE

Market Ahead, August 2: All you need to know before the Opening Bell

Fresh trade war concerns could weigh investors' sentiment today as US President Donald Trump, in a tweet last night, said that Washington would slap fresh tariffs of 10% on the remaining $300 billion worth of Chinese imports from Sept 1.
 
That apart, corporate results, global cues, and update on monsoon will give direction to the market today. LISTEN TO THE PRE-MARKET PODCAST HERE

HDFC Securities on Gujarat Gas

Recommendation: BUY

TP: Rs 246

CMP: Rs 171

To accommodate the stellar Q1FY20 performance, we raise EPS estimates for FY20/21E from Rs 8.8/11.1 to Rs 11.1/11.7. We expect (1) Low LNG prices to boost
industrial volumes; (2) The development of CGD ecosystem across Gujarat to push CNG volumes. We remain positive on the company as it generates OCF yield
of almost 9.5% and RoE of >25% over FY21/22E. Valuations are contextually unreasonable at 15.4/14.6x FY21/22E EPS.

Kotak Securities on MOIL

Recommendation: BUY

TP: Rs.180

Given the slowdown in the steel industry, manganese ore demand is expected to remain muted, which will keep prices under pressure. We are factoring volume of 1.3MT for FY20E and FY21E and lower our realization assumption, resulting in downward revision in our earnings to Rs16.2 (earlier Rs17.9) and Rs16.7 (earlier Rs18.6) At CMP, the stock trades at 8.3x/8.0x FY20E/FY21E earnings and on EV/EBITDA, it trades at 2.1x/1.6x FY20E/FY21E EBITDA. We continue to maintain our positive view on the stock, given the strong balance sheet and dividend yield of ~4%. Reiterate BUY with a revised target price of Rs180 (earlier Rs190).

Anand Rathi Shares and Stock Brokers on Kalpataru Power

Recommendarion: BUY

TP: Rs 639

Kalpataru's strong 25% y/y revenue growth reaffirms its execution capabilities. With its Rs 147 bn order book, revenue visibility is at ~2x and sales are likely to register a 17% CAGR over FY19-21. We expect current margins to persist. We expect earnings to clock a 19% CAGR over FY19-21. With strong prospects from the Railways, oil & gas and the 'green' corridor, we expect management to meet its order-inflow guidance. Hence, we maintain our Buy, with our TP of Rs 639 (on a sum-of-parts valuation), earlier Rs 649.

Motilal Oswal Financial Services on Marico

Recommendartion: BUY

CMP: Rs 363

TP: Rs 430

Upside: 19% 

Outlook remains strong with EPS growth prospects of ~20% CAGR over the next two years. Three factors provide high visibility, thus underpinning our confidence on earnings prospects, these include: (a) continued benign raw material environment over the next 12-15 months (Copra accounts for 40-50% of material costs; (b) Healthy domestic volume growth outlook in key segments; and with it the international business (unlike other FMCG peers) continuing healthy momentum; (c) Noteworthy traction is being witnessed on new product development. Targeting 40x Jun'21 EPS, we get a target price of INR430, 19% upside to the CMP. Maintain Buy.

Motilal Oswal Financial Services on Godrej Consumers

Recommendation: Neutral

CMP: Rs 604

TP: Rs 620

Upside: 3%

With topline outlook appearing hazy in both domestic and international business, there is no indication that the earnings slowdown (7% PBT growth in the past three years) will turn around materially to anywhere close to earlier levels. Between FY08-16, the company reported over 20% CAGR growth on all fronts - Sales, EBITDA, PAT and EPS - among the best of breed.  Valuations of 32.4x FY21, while cheaper than peer average of around 35x, appears fair, if one considers weaker-than-peer earnings visibility and ROCE of 20%, well below peer average of over 30%. Maintain Neutral with a target price of INR620 (32x FY21, 10% discount to peer average)

Today's picks

Power Grid
 
Current: Rs 214
 
Target:Rs 218
 
Keep a stop at Rs 212 and go long . Add to the position between Rs 216-Rs 217 . Book profits at Rs 218.
 
JSW Steel
 
Current: Rs 225
 
Target:Rs 220
 
Keep a stop at Rs 228 and go short. Add to the position between Rs 221-Rs 222. Book profits at Rs 220. READ MORE

Commodity outlook by Tradebulls Securities

Buy Crude
 
Target: Rs 4,130
 
Stoploss: Rs 3,900
 
Crude has closed above its 200-day moving average on the daily scale. In spite of positive fundamentals, crude oil prices have failed to lift but technicals are pointing north. RSI_14 has broken 50 levels and is trading at 53 while short-term moving average of 13 and 20 has given crossover signaling bullish trend. So we would recommend a long position with expected upmove till 4130 and stoploss of 3900. READ MORE

Bulk deals on NSE as on Thursday

Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg. 
Price
Remarks
01-Aug-2019 BLISSGVS Bliss GVS Pharma Ltd SHAH SIDDHARTH CHIMANLAL BUY 6,00,000 118.78 -
01-Aug-2019 DHFL Dewan Housing Fin Corp TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED BUY 15,88,640 49.46 -
01-Aug-2019 DHFL Dewan Housing Fin Corp TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED SELL 15,88,640 49.52 -
01-Aug-2019 LAKSHVILAS Lakshmi Vilas Bank Ltd ERISKA INVESTMENT FUND LTD SELL 20,00,000 46.33 -
01-Aug-2019 LAKSHVILAS Lakshmi Vilas Bank Ltd PROLIFIC FINVEST PRIVATE LIMITED BUY 20,00,000 46.33 -
01-Aug-2019 RELCAPITAL Reliance Capital Limited CROSSLAND TRADING CO BUY 16,95,169 51.67 -
01-Aug-2019 RELCAPITAL Reliance Capital Limited CROSSLAND TRADING CO SELL 16,64,065 51.70 -
01-Aug-2019 RELCAPITAL Reliance Capital Limited DIVYA PORTFOLIO PRIVATE LIMITED BUY 17,38,109 51.81 -
01-Aug-2019 RELCAPITAL Reliance Capital Limited DIVYA PORTFOLIO PRIVATE LIMITED SELL 16,88,109 51.96 -
01-Aug-2019 RELCAPITAL Reliance Capital Limited TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED BUY 45,47,520 51.99 -

FII/FPI & DII trading activity on NSE, BSE and MSEI


Oil check

At 8:10 AM, Brent Crude futures were trading 2.6 per cent higher at $62.10/barrel

Rupee check

The Rupee dropped by 27 paise to close at a near five-week low of 69.06 against the US dollar amid strengthening of the American currency and heavy selling in domestic equities.

SGX Nifty

At 8:08, the SGX Nifty is trading 0.51 per cent lower at 10,960, indicating a negative start for domestic indices

Asian Markets check


US Market check


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