Nifty ends below 10,000-mark as Sebi order on shell firms hurts sentiment

All that happened in Tuesday's session

8:59 AM

CLICK HERE for top trading calls from Prabhudas Lilladher

8:56 AM

MARKET TECHNICALS FROM ANAND RATHI RESEARCH

 

Momentum indicators are reversing from buy to sell, however, they haven’t still provided a sell crossover, hence we continue to maintain our short term bias sideways to positive. Last week was a fifth weekly positive close, hence there isn’t sign for reversal on weekly charts too. 

 

A breakout or breakdown from the range of 9900-10150 levels will set the trend ahead wither for a target of 9700 or 10400 levels. In yesterday’s trading session, it closed mildly in the negative territory, hence there is indecisiveness among the market participants.

8:56 AM

Wall Street

The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in energy. The Dow Jones Industrial Average rose 25.61 points, or 0.12% to close at 22,118.42. The last time the Dow had nine straight record closes was in February when it boasted 12 in a row. The S&P 500 climbed 4.08 points, or 0.16% to 2,480.91 and the Nasdaq Composite added 32.21 points, or 0.51% to end at 6,383.77.

8:54 AM

G Chokkalingam, founder, Equinomics Research recommends J B Chemicals

 

JB Chemicals' stock price has corrected 25% from its 52-week in line with the poor performance of the pharma sector (which got impacted mainly by the stringent practices of US FDA) and also due to subdued performance of the company in the last quarter. However JB Chem has the least exposure to the US markets in comparative terms. We reiterate our BUY recommendation with a target price of Rs 400

8:51 AM

COMMENT: Emkay Global on Berger Paints

Berger Paints has been consistently gaining market share and benefiting from mix improvement. We maintain Hold rating with revised target price of Rs 255​

8:49 AM

COMMENT: Amar Ambani, head of research at IIFL on Tata Steel

 

Tata Steel Q1 FY18’s strong outperformance was led by European operations and forex gains. We maintain our positive view on the company post the Q1 FY18 performance as operating performance in Europe is expected to be robust on the back of restructuring measures taken by the company, revival in global steel prices and anti-dumping measures implemented in European region.
 

Domestic operations’ performance would improve from higher output from Kalinganagar and increase in share of exports. Debt levels are expected to decline led by selling of non-core assets, lower cash burn in Europe and strong cash flows in the domestic operations. We maintain our Buy recommendation on the stock with a revised target price of Rs 695.

8:48 AM

Singapore Nifty

At 8:45 am, SGX Nifty, the Nifty50 futures on the Singapore Stock Exchange, were trading at 10,100, up 11 points of 0.11%.

8:46 AM

Good Morning! 

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