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Senbad BSE Heat Map
IMPACT OF RESULTS TCS increases by more than 2%, with results for the quarter exceeding expectations (Image souce: NSE)
Open market
At 9:16, the Sense Senbad SSE index was trading at 36,226, down 13 points, while the broader Nifty50 was trading at 10,938, down 9 points. Markets at the pre-opening
Index
Current
Pt. Change
% Change
S & P BSE SENSEX
36,266.70
+27.08
0.07
S & P BSE SENSEX 50
11,496.03
+31.62
0.28
S & P BSE SENSEX Next 50
32,556.62
0.00
0.00
S & P BSE 100
11,247.82
28.45
+0.25
S & P BSE Bharat 22 Index
3379.90
0.00
0.00
(Source: BSE)
Technical Calls by HDFC Securities Today: Buy ITC, Bajaj Electricals
Buy ITC (Rs 277)
Target: Rs 294
Stop loss: Rs 268
Most large-cap large-cap stocks have reached new historic highs in the past two months. However, in the case of the ITC, it is still 25% lower than the record high of 368 recorded in July 2017. Recently, the ITC has built on the long-term trend line on weekly maps and is oriented to the north. The share price has returned to a level above its 20 and 50 DMAs, indicating a bullish trend reversal. We recommend that you buy ITC for the 294 bullish target, keeping SL at 268.
Buy Bajaj Electric (Rs 551)
Target: Rs 590
Stop loss: Rs 523
The stock is held above its crucial support of 200 DMA, currently placed at 512. The stock price has just come out of the 515-550 consolidation range, held for 5 weeks. On Tuesday, July 10, 2018, Stock jumped more than 5%, with a significant jump in volumes. Oscillators and indicators have become optimistic about short-term charts. We recommend you to buy Bajaj Electric for the upward target of 590, keeping SL at 523. READ MORE
Stocks in the news
· The Axis Bank Board of Directors has selected three candidates for the position of Chief Executive Officer and Chief Executive Officer
· The Punjab National Bank and the Carlyle Group will sell a minimum stake of 51% in PNB Housing Finance to potential buyers
· Officials indicate that LIC-IDBI agreement can trigger open bid, according to Bloomberg
· Glenmark Pharmaceuticals Launches Helsinn's Akynzeo Drug in India and Nepal
· Shalimar Paints has approved the issuance of a draft decree issuing rights up to Rs 240 crore and will reinstate its Nashik plant
· The Tata Motors unit took a 26% stake in the Truckeasy freight aggregator business
· KEC International won several orders worth Rs 1,357
· BigBloc Construction will acquire Hilltop Concrete for Rs 20 cr
· Kridhan Infra won an order worth Rs 74.2 cr
· MCX, NSE in talks to team up for bigger exchanges
· Vedanta to Team Up with Anglo American to Bid Indian Coal Mines
(Source: report of the IIEF)
Benchmarks Stagnate Wednesday Against the Lack of Key Asian Counterparts
Tata Consultancy Services (TCS) shares rose more than 2% on Wednesday after the country's largest IT service provider Tuesday after market hours, first-quarter earnings (Q1) experienced broad-based growth, while posting a double-digit increase in business dollar figures for the second quarter (Q2).
Meanwhile, investors are likely to monitor movements in world markets, the rupee and oil prices during the day.
Among the company's key results, Reliance Industrial Infrastructure is expected to announce its June quarter results are later
On Wall Street, the S & P 500 rose for a fourth session on Tuesday to post its strongest closing since February 1st . The Dow Jones Industrial Average rose 143.07 points (0.58 percent) to 24,919.66, the S & P 500 gained 9.67 points (0.35 percent) to 2,793.84 and the Nasdaq Composite added 3.00 points (0.04 percent) to 7,759.20
(with Reuters entries)
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