Thursday, January 17, 2019

MARKET SUMMARY 17 JAN 19

RELIANCE  FUTURE  BUY  CALL  GIVEN @ 1135 ACHIEVED 1ST TGT 1147 PROFIT OF 6000 CONTINUE TO HOLD FOR 2ND TGT WITH SL OF 1135.

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The market  ended a tad higher on Thursday ahead of December quarter results from market heavyweights - Reliance Industries and Hindustan Unilever .The sensex ended at 36,374, up 53 points , while the  Nifty settled at 10,905, up 15 points. Shares of RELIANCE were trading higher for the  third straight trading session, gaining 1.2 % to Rs 1,148 apiece on the BSE On Thursday in an otherwise range-bound market ahead of its december quarter result today. Shares of Majestic auto Were trading at Rs 146 apiece, locked in upper circuit of 20 % for the second straight day on the BSE, after the company reported a consolidated net profit of Rs 19.21 crore in December 2018 quarter . It had posted a loss of Rs 1.4 cr in year-ago quarter. The consolidated revenue from operations jumped 2.5 times to Rs 35.78 crore during the quarter under review, against Rs 13.83 crore in previous year quarter. The PSU Bank  fell 1.56 % weighed by State Bank of India and Union Bank of India. The Pharma  too declined 1.37 % weighed by Sun Pharmaceutical Industries. Shares of Fedral bank were trading 5 % lower at Rs 87 apiece, falling 7% from the intra-day high of Rs 93 on Bse after it reported a mixed set of numbers for December 2018 quarter .The stock was the largest loser among the nifty  bank index.

M&M  (1.56%), Reliance Industries (1.14%) and HDFC (1.02%) were the top Sensex gainers.
Top Sensex losers were  YES Bank (1.06%), IndusInd Bank (0.66%) and Infosys (0.62%).

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