MARKET WRAP: Sensex climbs 482 pts, Nifty tops 11,300; Bharti Airtel up 5%

Here's a look at all that happened today in the stock market

8:50 AM

Nifty outlook by Prabhudas Lilladher

Market continued to surge on Monday with all sectors participating; however with the strengthening in rupee, IT stocks got in corrective move. The support for the day is seen at 36,770/11,100 for Sensex and Nifty, respectively while resistance is seen at 37,330/11,230. Bank Nifty would have a range of 27,670-28,250. Mid-cap space, too, has been doing well now has moved past the resistance level along with auto and pharma sectors, showing signs of revival. Metal continues to show strength. READ MORE

8:48 AM

Stocks in focus

Jet Airways: Founder-Chairman Naresh Goyal sought Rs 750 crore from Etihad yesterday when the Etihad board discussed bank-led resolution plan for the airline. Also, Jet Airways has informed the exchanges that it has defaulted on part payment of a foreign loan due to liquidity constraints. READ MORE

8:41 AM

DII trading activity on NSE, BSE and MSEI

8:40 AM

FII/FPI trading activity on NSE, BSE and MSEI

8:38 AM

Top trading ideas by Prabhudas Lilladher

BUY ENGINEERS INDIA

CMP: Rs 115.05

TARGET: Rs 130

STOP LOSS: Rs 108

 

The stock has formed a nice higher bottom formation pattern on the daily chart and has signified fresh upward movement maintaining above the significant 34-WMA (weighted moving average). The RSI is on the rise and has shown a trend reversal to signal a buy for a second upper round of momentum. With good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 130 keeping a stop loss of Rs 108. READ MORE

8:28 AM

Today's picks

Asian Paints

Current price: Rs 1,420

Target price: Rs 1,440

 

Keep a stop at Rs 1410 and go long. Add to the position between Rs 1,432 and Rs 1,435. Book profits at Rs 1440. READ MORE

8:23 AM

Rupee check

The Indian rupee Monday advanced by 25 paise to close at 69.89 against the US dollar in line with a strong rally in domestic equities, reflecting positive investor sentiments amid hopes that the incumbent NDA government will get the second term.

8:18 AM

Bulk deal on NSE as on Monday

11-Mar-2019	BFUTILITIE	BF Utilities Limited	ARKAYA INVESTMENTS	BUY	1,89,911	198.93	-
11-Mar-2019	BFUTILITIE	BF Utilities Limited	ARKAYA INVESTMENTS	SELL	2,04,311	200.61	-
11-Mar-2019	BOHRA	Bohra Industries Limited	ADITI SPECIALITY PACKAGING PRIVATE LIMITED	BUY	1,50,000	15.94	-
11-Mar-2019	CANDC	C & C Constructions Limit	ALPHA LEON ENTERPRISES LLP	SELL	1,75,000	12.46	-
11-Mar-2019	CANDC	C & C Constructions Limit	GAURAV CHANDRAKANT SHAH	BUY	1,47,799	12.45	-
11-Mar-2019	CGPOWER	CG Power & Ind. Sol. Ltd.	BHARTI SBM HOLDINGS PRIVATE LIMITED	BUY	36,00,000	38.12	-
11-Mar-2019	CGPOWER	CG Power & Ind. Sol. Ltd.	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	40,15,196	37.44	-
11-Mar-2019	CGPOWER	CG Power & Ind. Sol. Ltd.	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	SELL	40,15,196	37.47	-
11-Mar-2019	JETAIRWAYS	Jet Airways (India) Ltd.	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	6,40,560	249.93	-
11-Mar-2019	JETAIRWAYS	Jet Airways (India) Ltd.	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	SELL	6,40,560	249.97	-

Click here for the full list

8:13 AM

Oil check

Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.

US West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents, or 0.3 per cent, from their last settlement. Brent crude futures were at $66.75 per barrel, up 17 cents, or 0.3 per cent.

8:08 AM

SGX Nifty

Nifty futures on Singapore Exchange (SGX) were trading at 11,261.50, up 49 points or 0.44 per cent in early trade

8:03 AM

Asian Markets check

Asian shares rose on Tuesday after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement. In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent, following on from a rally on Wall Street overnight. Australian shares were up 0.4 per cent, while Japan’s Nikkei stock index jumped 1.6 per cent.

7:57 AM

Wall Street check

US stocks followed strong gains in Europe with the tech-heavy Nasdaq rising 2 per cent and the benchmark S&P more than 1 per cent after Wall Street posted losses every day last week. The Dow Jones Industrial Average rose 200.64 points, or 0.79 per cent, to 25,650.88. The S&P 500 gained 40.23 points, or 1.47 per cent, to 2,783.3 and the Nasdaq Composite added 149.92 points, or 2.02 per cent, to 7,558.06.

7:48 AM

Good morning

 

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