Nifty ends at 3-week closing low, IOC top Nifty loser

-
NSE Nifty closed at 9578 down by 40 points, whereas BSE Sensex closed lower by 80 points at 31075.

BSE Mid-cap index closed lower by 0.12% at 14781. BSE Small-cap index closed higher by 0.37% at 15645. India VIX closed higher by 1.2% at 11.3 level.

Aurobindo Pharma, Wipro, Cipla, Dr. Reddy’s Laboratories and Reliance Industries are the top Nifty gainers, whereas IOC, BPCL, TCS, Bank of Baroda, Hindalco, Bharti Infratel, L&T and ONGC are the top Nifty losers.

The aviation stocks surged during Thursday’s morning session and traded in green throughout the day as crude oil prices fell to a 7-month low on Wednesday. Global Vectra Helicorp Limited was the top gainer among the aviation stocks. It closed at Rs 168.80 per share, up by 12.5%. SpiceJet closed up by 1% at Rs 122.80 per share, IndiGo closed up by 2.2% at Rs 1181.25 per share and Jet Airways closed higher by 0.3% at Rs 534.80 per share.

Oil marketing companies took a hit and traded in the red zone on Thursday. Indian Oil Corporation was the top Nifty loser. It closed down by 3% at Rs 407.50 per share, Hindustan Petroleum Corporation closed at Rs 515.80 per share, down by 5.5% and Bharat Petroleum Corporation closed down by 2.8% at Rs 672 per share.

Shipping stocks also gained in the morning session and continued to trade in green throughout the day. Dredging Corporation closed at Rs 682.10 per share, up by 12.5%, Shipping Corporation also closed up by 7.8% at Rs 85.60 per share, Shreyas Shipping closed at Rs 322.35 per share, up by 1.5% and Great Eastern Shipping also closed higher by 1.9% at Rs 406.80 per share.

At the closing hour, Datamatics Global Services and Brigade Enterprises were buzzing on the bourses. Datamatics closed at Rs 110.10 per share, up by 9.2%, whereas Brigade Enterprises closed higher by 9% at Rs 288 per share.

The BSE Realty index was the top gaining index at the closing session. Indiabulls Real Estate contributed heavily to the index gains. It closed at Rs 197.65 per share, up by 6.4%. HDIL closed at Rs 91.95 per share, up by 2.8%, DLF closed higher by 2.4% at Rs 192.10 per share and Prestige Estates closed up by 1% at Rs 267.95 per share.

Movers and Shakers of the day :-

Action Construction Equipment closed higher by 15.4% at Rs 74.20 per share.

Dredging Corporation of India closed higher by 12.5% at Rs 682.10 per share.

Reliance Communications closed higher by 4.1% at Rs 19.05 per share.

ABB India closed higher by 3.2% at Rs 1505.15 per share.

Comments

Post a Comment

Popular posts from this blog

Top intraday trading ideas for afternoon trade for Monday 31 December 2018

-
Image
Top intraday trading ideas for afternoon trade for Monday 31 December 2018  NEW DELHI:    Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters. Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Manas Jaiswal of manasjaiswal.com Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514. Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230. NSE LIVE 11:49 | 31-12-2018 Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630. Kunal Bothra independent market expert Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600. Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop los...
Read more

WELCOME TO SMART MONEY FINANCIAL SERVICES

-
Image
               WELCOME TO SMART MONEY FS               WE CREATE THE OPPORTUNITY   "Smart Money Financial Service" is an Investment Advisory having a team consists of highly qualified analysts who are skilled and impeccable in their analysis. These analysts, using their experience and the latest software tools, are able to predict the movements in share market on time and with high accuracy. Please click here for Advisory Ranking: As a result, using our tips, our clients gain the most out of the share market. We provide recommendations for Stocks – Cash and F & O trad. 1. VISION GrowthPress focuses on conducting in-depth research on your customers, your competitors, and your search engine landscape. Using this, we create the right SEO strategy that helps. 2. MISSION You achieve your goals. Search engines are constantly evolving to reflect the complex human behavior. Thus, ...
Read more

F&O: Put writing at all immediate strikes shows Nifty may hold up

-
Image
F&O: Put writing at all immediate strikes shows Nifty may hold up  The Nifty50 index opened in the negative but managed to recover sharply from lower levels and headed towards the 10,750 level on Wednesday. It formed a Piercing Line pattern on the daily scale, as it recovered its losses of the last session by more than a half. It has been making lower lows from last four sessions and holds above the 10,750-10,777 zone can negate the same to extend its recent bounce towards 10,850 and then 10,929 levels.  Nifty has reclaimed its 50-day EMA while on the downside it has support at 10,650 and then 10,600 levels.  On the options front, maximum Put OI was at 10,000 followed by 10,500 and 10,700 levels, while maximum Call OI was at 11,000 followed by 10,900 level. Meaningful Put writing was seen at all the immediate strike prices from 10,650 to 10,500 level, which suggests support is intact while Call unwinding was seen at most strike prices till 11,000 level. The...
Read more