MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

The S&P BSE Sensex ended just 13 points higher at 36,387, while NSE's Nifty50 index held the crucial 10,900 level to close at 10,907, up 2 points.

9:20 AM

Sectoral trend on NSE

9:18 AM

Opening gainers and losers on S&P BSE Sensex

9:17 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 36,454, up 80 points, while the broader Nifty50 was ruling at 10,921, up 16 points.

9:02 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,441.70	+67.62	+0.19
S&P BSE SENSEX 50	11,430.81	+21.95	+0.19
S&P BSE SENSEX Next 50	32,721.88	+43.03	+0.13
S&P BSE 100	11,201.16	+20.56	+0.18
S&P BSE Bharat 22 Index	3,473.39	+3.98	+0.11

9:01 AM

Rupee opening

 

Rupee opens at 71.07/$ vs its previous close of 71.03 against the US dollar

8:57 AM

Today's picks

Sun Pharma

Current price: Rs 426

Target price: Rs 418

 

Keep a stop at 430 and go short. Add to the position between 420-422. Book profits at 418.

 

Tata Steel

Current price: Rs 483

Target price: Rs 465

 

Keep a stop at 477 and go short. Add to the position between 467-469. Book profits at 465. Read more

8:53 AM

Commodity outlook by Tradebulls Securities

Buy Silver

TARGET: Rs 40,500

STOP LOSS: Rs 39,700

 

Silver has strong resistance at 39800. Since past 5 trading session, silver is unable to sustain above that level. So we would recommend creating long only above 40,000 with stop loss of 39,700 and target of 40,500. RSI_14 is above 50 so the bullish trend is confirmed. On a daily scale, price action is seen in ‘ascending triangle’ chart pattern and we need to confirm the breakout post 40,000 levels so buy silver only above 40,000 levels. Read more

8:50 AM

Top trading calls by Anand Rathi

TATAGLOBAL: BUY

TARGET: Rs 226

STOP LOSS: Rs 212

The stock seems to have completed the right shoulder of the inverse head and shoulders pattern. The momentum indicator is also well into the buy mode.

 

BIOCON: BUY

TARGET: Rs 685

STOP LOSS: Rs 640

 

The stock has provided a breakout from the symmetrical triangular pattern which is a bullish reversal pattern. The momentum indicator is also well into the buy mode. Read more

8:48 AM

Derivative strategy on NCC by HDFC Securities

BUY NCC JAN FUTURE @ Rs 89.90

Stop loss of Rs 87

Target Rs 95

 

Rationale: Primary trend of the stock has been bullish. During the recent running correction, the stock has found support on the upward sloping trend line on the daily charts. Moving average and Oscillator setup is bullish on short to medium term charts. Higher tops and higher bottoms on the daily chart is well intact.

 

We recommend buying NCC Jan Fut at CMP, for the upside target of 95, keeping a stop loss at 87.

8:47 AM

Nifty outlook and top trading ideas by Prabhudas Lilladher
 

Market yet again in a narrow range with hardly any definite move as far as Nifty is concerned but with a positive bias though with several attempts it has been unable to cross the 10930 hurdle. The support for the day is seen at 36080/10840 while resistance is seen at 36660/10960. Bank Nifty would have a range of 27230-27830. Kotak Bank looks promising from hereon. READ MORE

8:44 AM

Wipro, HUL, RIL and Aurobindo Pharma among top stocks to track today

Asian shares were trading on a positive note Friday, following rise in the US stocks in the overnight trade. At 08:35 am, the Nifty futures on the Singapore Exchange (SGX) traded 56 points or 0.51 per cent higher at 10,976, indicating a firm start for the Nifty50 index back home.

 

Here's a look at the top stocks that are likely to hog limelight today

8:42 AM

HUL Q3 net profit rises 8.9% to Rs 1,444 crore; volume growth at 10%

The country’s largest consumer goods company, Hindustan Unilever (HUL), on Thursday delivered its fifth straight quarter of double-digit volume growth for the three months ended December 2018 at 10 per cent, as the firm reined in price hikes amid a challenging macro-economic environment.

 

Analysts had factored in volume growth of 8-10 per cent for the quarter under review, implying the figure was in line with Street estimates. However, net profit growth was the slowest in over a year at 8.9 per cent to Rs 1,444 crore, as the company had a higher tax outgo of Rs 510 crore for the quarter versus Rs 297 crore in the year-ago period. READ MORE

HUL CFO Srinivas Phatak and HUL CEO & MD Sanjiv Mehta. Photo: Kamlesh Pednekar

8:39 AM

RIL Q3 net profit up 8.8% to Rs 10,251 cr on petrochem, retail, telecom

Oil to telecom conglomerate Reliance Industries Limited (RIL) reported a net profit of Rs 10,251 crore for the December quarter, a rise of 8.8 per cent, helped by record performance in its petrochemicals, retail and telecom businesses. With this, it became the first private sector Indian company to cross the Rs 10,000 crore profit mark.

 

For the December 2018 ended quarter, the company reported a consolidated net profit of Rs 10,251 crore against Rs 9,420 crore in the same quarter a year back. Consolidated revenue in the same quarter grew 55.9 per cent to Rs 1.71 trillion. In a Bloomberg poll, eight analysts estimated a consolidated revenue of Rs 1.4 trillion for the quarter under review and a net profit of Rs 9,609 crore. READ MORE

Reliance Industries

8:35 AM

SGX Nifty

Nifty futures on Singapore Exchange (SGX) were trading at 10,976 up 56 points or 0.51 per cent in early trade.

8:34 AM

Asian Markets

Asian stocks gained early on Friday, as hopes for a thaw in the US-China trade conflict fed investor appetites for risk assets.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.25 per cent. The index has gained nearly 1 per cent this week. Australian stocks rose 0.6 per cent, as did South Korea's KOSPI while Japan's Nikkei gained 0.7 per cent.