MARKET WRAP: Sensex rallies 281 points, Nifty ends at 11,076; BPCL gains 6%

All that happened in markets today.

SI Reporter New Delhi

Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar

9:04 AM

Market at pre-open

9:01 AM

Rupee opening

Rupee opens stronger at 70.96/$ vs Thursday's close of 71.13 against the US dollar

8:48 AM

Commodity outlook by Tradebulls Securities

Buy Zinc

Target: Rs 192

Stop loss: Rs 184

After consolidating and taking support at Rs 180.60, zinc has bounced strongly till Rs 186. The short-term moving average of 13 and 20 has given buy signal crossover and RSI_14 is trading above 50 giving extra confirmation of buy signal. It has minor resistance around Rs 190 and if it manages to breach that level, we can see it going till Rs 192 so buy at current level with an expected target of Rs 192 and stop loss of Rs 184. READ MORE

8:45 AM

Derivative strategy from HDFC Securities

Buy Britannia September Future at Rs 2,673

Stop Loss of Rs 2,630

Target: Rs 2,750

Lot Size: 200

Rationale:

-- Accumulation of Long build up is seen in the Britannia Futures’ in the September series till now, where we have rise in open interest (OI) with price consolidation;

-- Stock has formed bullish hammer pattern on the weekly charts for the week ending August 23;

-- It is consolidating near 50-day simple moving average (SMA) after sharp rise during the fag-end of August; &

-- Oscillators and Momentum indicators like RSI and MACD showing strength in the stock on the daily and weekly charts.

8:42 AM

Nifty Outlook and top trading ideas by CapitalVia Global Research Limited

Buy HDFC Bank Ltd above Rs 2,290

Target: Rs 2,350

Stop loss: Rs 2,240

The stock is showing resistance breakout from the levels of 2,290 and as is making resistance breakout in daily charts, stock is trading near its 200-day EMA and breakout will result in good upside momentum. Considering the technical evidence discussed above, we recommend buying the stock above Rs 2,290 for the target of Rs 2,350, keeping a stop loss at Rs 2,240 on closing basis. READ MORE

8:41 AM

Bulk deals on BSE as on Thursday

Deal Date	Security Code	Security Name	Client Name	Deal Type *	Quantity	Price **
12/09/2019	539447	BEARDSELL	ANUMOLU ANUMOLU BHARAT	S	180,705	12.00
12/09/2019	532430	BFUTILITIE	GAGANDEEP CREDIT CAPITAL PRIVATE LIMITED	B	209,651	174.50
12/09/2019	532430	BFUTILITIE	ANUJ ANANTRAI SHETH	S	209,651	174.50
12/09/2019	540064	FRETAIL	BENNETT COLEMAN & CO LTD	B	7,388,852	406.00
12/09/2019	505212	JAINEX	BHARATI BAFNA	B	7,500	43.10
12/09/2019	505212	JAINEX	KUNAL BAFNA	B	19,700	43.25
12/09/2019	505212	JAINEX	PRAVIN CHIMANLAL VORA	S	27,200	43.21
12/09/2019	540796	RATNABHUMI	INDIA FINSEC LIMITED	B	70,000	99.78
12/09/2019	534734	RMCHEM	TAIYAB HAIDERALI NOORANI	B	2,770,270	.74
12/09/2019	534734	RMCHEM	SATISH ARVIND PATEL	S	1,860,865	.74

Click here for the full list

8:34 AM

Bulk deals on NSE as on Thursday

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price
12-Sep-2019	APOLLOHOSP	Apollo Hospitals Ltd	ABU DHABI INVESTMENT AUTHORITY - BEHAVE	BUY	9,65,000	1482.50
12-Sep-2019	APOLLOHOSP	Apollo Hospitals Ltd	SOCIETE GENERALE	BUY	13,58,000	1482.50
12-Sep-2019	APOLLOHOSP	Apollo Hospitals Ltd	SUNEETA REDDY	SELL	50,00,000	1482.50
12-Sep-2019	BCP	B.C. Power Controls Ltd	SILVERTOSS SHOPPERS PRIVATE LIMITED	BUY	64,699	9.90
12-Sep-2019	BCP	B.C. Power Controls Ltd	SILVERTOSS SHOPPERS PRIVATE LIMITED	SELL	3,33,932	10.00
12-Sep-2019	DHFL	Dewan Housing Fin Corp	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	20,69,128	51.18
12-Sep-2019	DHFL	Dewan Housing Fin Corp	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	SELL	20,69,128	51.09
12-Sep-2019	GOACARBON	Goa Carbon Ltd	ELIXIR WEALTH MANAGEMENT PRIVATE LIMITED	BUY	46,716	341.38
12-Sep-2019	GOACARBON	Goa Carbon Ltd	ELIXIR WEALTH MANAGEMENT PRIVATE LIMITED	SELL	46,936	341.92
12-Sep-2019	GOACARBON	Goa Carbon Ltd	N.K.SECURITIES	BUY	59,984	341.44

Click here for the full list

8:28 AM

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

8:27 AM

Rupee check

Source: Bloomberg

8:25 AM

Oil check

-- Oil prices were softer as a meeting of the OPEC+ alliance yielded no decision on deepening crude supply cuts. Brent crude futures fell 0.2 per cent to $60.29 a barrel while U.S. West Texas Intermediate (WTI) crude lost 0.2 per cent to $54.96.

-- At 8:25 am, Brent Crude Futures were at $60.21 per barrel.