F&O expiry: Sensex slips 38 pts at 35,867, Nifty at 10,792; IT stocks drag

All that happened in the markets today

8:50 AM

Stock calls by Tradebulls Securities

Stock: INDIGO (InterGlobe Aviation)

Reco: SELL

CMP: Rs 1,112.30

 

Indigo's stock is moving lower after an unsuccessful attempt to breach previous highs attained on December 28, 2018, in turn forming “Double Top” around Rs 1,200 levels. It once again made an unsuccessful attempt to breach its 20-EMA (exponential moving average) and closed below its 50-EMA placed at Rs 1,122. Pattern analysis indicates the stock is expected to test its previous “Double Bottom” support around Rs 1,050 in coming sessions. Traders should initiate shorts at current levels for test of Rs 1,050 support to be obtained with stop placed above Rs 1,155 levels. READ MORE

8:48 AM

Intra-day futures recommendation by ICICI Securities

8:47 AM

Today's picks

Larsen & Toubro

Current price: Rs 1,285

Target price: Rs 1,310

 

Keep a stop at Rs 1,275 and go long. Add to the position between Rs 1,300 and Rs 1,305. Book profits at Rs 1,310.

 

Wipro 

Current price: Rs 375

Target price: Rs 381

 

Keep a stop at Rs 372 and go long. Add to the position between Rs 379 and Rs 380. Book profits at Rs 381. READ MORE

8:42 AM

Wipro, Bharti Airtel and Aurobindo Pharma may hog the limelight today

Wipro: Wipro on Wednesday said it will divest two of its cloud-based HR solutions—Workday and Cornerstone OnDemand—to US-based Alight Solutions for about $110 million.

 

Vedanta: Vedanta group firm Sterlite Wednesday moved the Madras High Court seeking a direction to allow the reopening of its copper smelter unit at Tuticorin in Tamil Nadu which was closed last year over pollution concerns. READ MORE

8:38 AM

Bulk deal on NSE as on Wednesday

27-Feb-2019	BEML	BEML Limited	ALPHAGREP SECURITIES PRIVATE LIMITED	BUY	2,29,814	841.67	-
27-Feb-2019	BEML	BEML Limited	ALPHAGREP SECURITIES PRIVATE LIMITED	SELL	2,29,821	841.94	-
27-Feb-2019	GSS	GSS Infotech Limited	AGARWAL RITESH	BUY	1,84,150	113.34	-
27-Feb-2019	GSS	GSS Infotech Limited	AGARWAL RITESH	SELL	1,84,150	117.43	-
27-Feb-2019	GSS	GSS Infotech Limited	VICKY RAJESH JHAVERI	BUY	1,66,190	117.24	-
27-Feb-2019	GSS	GSS Infotech Limited	VICKY RAJESH JHAVERI	SELL	1,704	118.50	-
27-Feb-2019	RCOM	Reliance Comm. Ltd.	SKYVEIL TRADE SOLUTIONS LLP	BUY	285,76,494	6.47	-
27-Feb-2019	RCOM	Reliance Comm. Ltd.	SKYVEIL TRADE SOLUTIONS LLP	SELL	281,00,494	6.49	-
27-Feb-2019	REFEX	Refex Industries Limited	ANIL JAIN	BUY	1,00,000	31.80	-
27-Feb-2019	REFEX	Refex Industries Limited	ARIHANTS SECURITIES LTD	SELL	1,00,000	31.80	-

Click here to see the full list

8:34 AM

Rupee check

The rupee dived 17 paise to close at 71.24 against the US dollar Wednesday amid a flare up of tensions between India and Pakistan.

8:29 AM

Oil check

US oil prices were firm on Thursday amid a fall in US inventories and as OPEC cuts supply, but record US crude output of 12.1 million barrels per day (bpd) prevented prices rising further. 

 

US West Texas Intermediate (WTI) crude oil futures were at $57.01 per barrel, up 7 cents from their last settlement. International Brent crude futures had yet to trade.

8:24 AM

SGX Nifty

Nifty futures on Singapore Exchange (SGX) were trading at 10,833.50, up 30 points or 0.28 per cent in early trade.

8:22 AM

Asian Markets check

Asian stocks slipped on Thursday after cautious comments from US Trade Representative Robert Lighthizer dented some of the recent optimism towards China-US trade relations. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent. Australian stocks fell 0.1 per cent, South Korea’s KOSPI shed 0.5 per cent and Japan’s Nikkei lost 0.5 per cent.

8:21 AM

Wall Street check

The S&P 500 closed down slightly on Wednesday but was well above its session low after testimonies to US Congress from trade and central bank officials as well as testimony by President Donald Trump's former lawyer brought few major surprises. The Dow Jones Industrial Average fell 72.82 points, or 0.28 per cent, to 25,985.16, the S&P 500 lost 1.52 points, or 0.05 per cent, to 2,792.38, and the Nasdaq Composite added 5.21 points, or 0.07 per cent, to 7,554.51.

8:18 AM

Good morning

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