MARKET WRAP: Indices end flat, Sensex slips 27 pts; Suzlon Energy gains 31%

In the broader market, the S&P BSE MidCap index gained 54 points, or 0.38 per cent to 14,170, while S&P BSE SmallCap index settled at 13,518, up 104 points, or 0.77 per cent.

8:55 AM

Bulk deal on NSE as on Thursday

21-Feb-2019	HGS	Hinduja Global Sols Ltd	FIDELITY FUNDS - ASIAN SMALLER COMPANIES POOL	BUY	1,20,950	591.00	-
21-Feb-2019	KSCL	Kaveri Seed Company Limit	DIVYA PORTFOLIO PRIVATE LIMITED	BUY	3,19,614	413.85	-
21-Feb-2019	KSCL	Kaveri Seed Company Limit	DIVYA PORTFOLIO PRIVATE LIMITED	SELL	3,19,656	414.43	-
21-Feb-2019	KSCL	Kaveri Seed Company Limit	GRAVITON RESEARCH CAPITAL LLP	BUY	3,66,070	415.84	-
21-Feb-2019	KSCL	Kaveri Seed Company Limit	GRAVITON RESEARCH CAPITAL LLP	SELL	3,66,070	415.43	-
21-Feb-2019	RCOM	Reliance Comm. Ltd.	SKYVEIL TRADE SOLUTIONS LLP	BUY	222,90,782	6.12	-
21-Feb-2019	RCOM	Reliance Comm. Ltd.	SKYVEIL TRADE SOLUTIONS LLP	SELL	248,74,782	6.12	-
21-Feb-2019	RELCAPITAL	Reliance Capital Limited	ALPHAGREP SECURITIES PRIVATE LIMITED	BUY	19,07,048	154.92	-
21-Feb-2019	RELCAPITAL	Reliance Capital Limited	ALPHAGREP SECURITIES PRIVATE LIMITED	SELL	19,04,091	155.16	-
21-Feb-2019	RELINFRA	Reliance Infrastructu Ltd	ALPHAGREP SECURITIES PRIVATE LIMITED	BUY	13,81,017	122.31	-
21-Feb-2019	RELINFRA	Reliance Infrastructu Ltd	ALPHAGREP SECURITIES PRIVATE LIMITED	SELL	13,78,687	122.35	-
21-Feb-2019	SAKETH	Saketh Exim Limited	AMAR MUKESHBHAI SHAH HUF	BUY	38,000	89.84	-
21-Feb-2019	SAKETH	Saketh Exim Limited	ARYAMAN CAPITAL MARKETS LIMITED	BUY	56,000	89.30	-

Click here to see the full list

8:52 AM

Today's picks

Grasim

 

Current price: Rs 748

Target price: Rs 735

 

Keep a stop at Rs 755 and go short. Add to the position between Rs 737 and Rs 740. Book profits at Rs 735.

 

Tata Motors

 

Current price: Rs 170

Target price: Rs 166

 

Keep a stop at Rs 172 and go short. Add to the position between Rs 167 and Rs 168. Book profits at Rs 166. READ MORE

8:48 AM

Derivative strategy on Bajaj Auto by HDFC securities

Stop loss: Rs 2,790

Target: Rs 2,875

 

Rationale:
 

-- Long build up is seen in Bajaj Auto Futures’ yesterday, where we have seen 1% rise in Open Interest with Price rise of 1%

-- After a running correcting of nearly 5% from the recent high, stock price reversed northward yesterday from the support level of 200 day SMA to close at four day high.

-- Momentum Indicators and Oscillators like RSI and MACD is showing strength in the stock.

-- Stock price is trading above its 5,20 and 200 day simple moving average Indicating bullish trend for the short to medium term

8:44 AM

Top trading ideas by Prabhudas Lilladher

BUY Mahindra & Mahindra

CMP: Rs 634.20

TARGET:Rs 700

STOP LOSS: Rs 600

 

The stock has witnessed a decent correction from the peak of Rs 810 in recent times and has bottomed out at near Rs 615 levels to make the chart look very attractive for accumulation and investment. The relative strength index (RSI) has indicated a trend reversal with a positive bias and has signaled a buy. With good volume activity witnessed, we recommend a buy in this stock for an upside target of Rs 700 keeping a stop loss of Rs 600. READ MORE

8:40 AM

Commodity outlook by Tradebulls Securities

Buy Aluminum

Target Price: Rs 135

Stoploss: Rs 130

 

Aluminum has taken support around 130 for 6 consecutive trading sessions out of 7. It is the only base metal which has not participated in the rally. RSI_14 is near 48 and we may see momentum on the upside accelerate above 50. Aluminum has broken out from the resistance at 132.50 and next resistance comes at 135. Short term moving average has started curving upwards hinting change in trend. So we recommend long aluminum from current rate with expected target of 135 and stop loss of 130. READ MORE

8:37 AM

ONGC, Oil India, Dr Reddy's and Jet Airways may hog the limelight today

ONGC, Oil India: The government has asked state-owned Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) to sell out 66 of their small oil and gas fields to private firms as it brought in a new policy to boost domestic production and cut imports.

 

Dr Reddy's: The drug firm is recalling 2,770 bags (277 selling units) of epilepsy drug Levetiracetam Sodium Chloride injection in the US market, on account of a labelling error, said a PTI report. READ MORE

8:34 AM

Rupee check

The rupee skidded by 11 paise to close at 71.24 against the US dollar Thursday as rising oil prices and a strengthening greenback weighed on the market sentiment.

8:31 AM

Oil check

Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.

 

International Brent crude futures were at $66.94 per barrel, down 13 cents, or 0.2 per cent, from their last close. US West Texas Intermediate (WTI) crude oil futures were at $56.86 per barrel, down 10 cents, or 0.2 per cent, from their last settlement.

 

8:28 AM

SGX Nifty

Nifty futures on Singapore Exchange (SGX) were trading at 10,790.50, down 23 points or 0.21 per cent in early trade.

8:25 AM

Asian shares tread water as investors watch trade talks

Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.

Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Japan was up less than 0.1 per cent. Australian shares gained 0.5 per cent and Japan’s Nikkei stock index was 0.3 per cent lower.

8:21 AM

Wall Street breaks run of gains as economic data disappoints

Weak economic reports pressured US stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.

The Dow Jones Industrial Average fell 103.81 points, or 0.4 per cent, to 25,850.63, the S&P 500 lost 9.82 points, or 0.35 per cent, to 2,774.88 and the Nasdaq Composite dropped 29.36 points, or 0.39 per cent, to 7,459.71.

8:18 AM

Good morning

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