MARKET WRAP: Sensex slips 196 pts, Nifty gives up 11,200; auto stocks skid
Shares of automobile manufacturers crashed at the bourses on Monday after reports said that the government intended to hike registration and renewal charges for internal combustion vehicles
 "(Photo: Kamlesh Pednekar)")
(Photo: Kamlesh Pednekar)
8:21 AM
Weekly market outlook and top trading ideas by Prabhudas Lilladher
NIFTY VIEW
Nifty has held on to the 11,250 support levels, whereby market sees some consolidation. Besides, the weightage of Nifty50 stocks is still tilted more on negative side as 40 stocks are 85 per cent on negative while only 10 stocks are 15 per cent on positive. This has been since last three weeks. It is about time we saw some bounce, failing which it would be in bears' control. The support for the week is seen at 37,300/11,100 for Sensex and Nifty, respectively, while resistance is seen at 38,480/11,480. Bank Nifty would have a range of 28,740-29,930.
8:16 AM
Nifty outlook, top stock picks by CapitalVia
Buy Dabur (Above Rs 430)
Target: Rs 455
Stop loss: Rs 412
The stock was trading with positive bias irrespective of current market sentiments. The level above 430 would result in MACD bullish crossover on the daily charts. Moving average and Oscillator setup is bullish on the short-term and medium-term charts. Considering the technical evidence discussed above, we recommend buying the stock above 430 for the target of Rs 455, keeping a stop loss at Rs 412 on a closing basis. READ MORE
Photo: Shutterstock.com
8:14 AM
Bulk deals on NSE as on Friday
| Date | Symbol |
| Client Name | Buy / Sell | Quantity Traded |
Wght. Avg. Price | Remarks |
|---|---|---|---|---|---|---|---|
|
| ABINFRA | A B Infrabuild Limited | KUSUM JAGDISH GUPTA | BUY | 1,00,000 | 26.70 | - |
|
| ABINFRA | A B Infrabuild Limited | MARK CORPORATE ADVIOSRS PVT LTD | SELL | 2,84,000 | 26.70 | - |
|
| ABINFRA | A B Infrabuild Limited | SHALINI NALIN GUPTA | BUY | 80,000 | 26.70 | - |
|
| ABINFRA | A B Infrabuild Limited | SONAL KAMAL GUPTA | BUY | 1,00,000 | 26.70 | - |
|
| ARTEDZ | Artedz Fabs Limited | BHAVNA HITESH PATEL | BUY | 90,000 | 28.50 | - |
|
| ARTEDZ | Artedz Fabs Limited | HITESH MOHANBHAI PATEL | BUY | 1,41,000 | 28.50 | - |
|
| ARTEDZ | Artedz Fabs Limited | NAMITA HITESH PATEL | SELL | 2,31,000 | 28.50 | - |
|
| ARVIND | Arvind Limited | TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED | BUY | 15,72,107 | 60.66 | - |
|
| ARVIND | Arvind Limited | TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED | SELL | 15,72,107 | 60.64 | - |
|
| DHFL | Dewan Housing Fin Corp | TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED | BUY | 22,09,461 | 54.85 | - |
8:13 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
8:11 AM
Oil check
At 8:09 AM, brent crude was down by 0.33 per cent to $63.16 a barrel
8:08 AM
SGX Nifty
At 8:07 AM, the SGX Nifty was trading 12.50 points lower at 11,316, indicating a flat to negative start for the domestic indices
8:06 AM
Asian Markets check
8:05 AM
US Market check
8:03 AM
Good morning!
Welcome to the Business Standard live blog.
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Catch all the live market updates here
Topics : Markets MARKET WRAP
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First Published: Jul 29 2019 | 7:06 AM IST
