Monday, January 14, 2019

MINDTREE UPDATES & MARKET SUMMARY 14 JAN 19


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MINDTREE  FUTURE  BUY  CALL  GIVEN @ 840 ACHIEVED 1ST TGT 851.5 PROFIT OF 6900  CONTINUE TO HOLD FOR 2ND TGT WITH SL OF 840

Today's market  session has ended on negative note for the third consecutive day. The Sensex fell 156 points to settled  at 35853 and the Nifty  dropped 57 points and settled at 10738, amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins. pharma stocks bucked the trend and closed over half a per cent higher. The YES Bank stock rose in trade today after the private lender appointed Brahm Dutt as non-executive part-time chairman to its board. The stock rose up to 7.64% to 198 level on the BSE. On Nifty, the stock rose to 198 level intra day compared to the previous close of 184.25.The stock has lost 42.37% during the last one year. The Infosys stock rose in trade today after the IT firm raised its revenue growth guidance for 2018-19.  The stock opened with a gain of 3.26% and rose 3.70% to an  intra day high of 709 level. The stock has been gaining for the last four days and risen 4.42% during the period.  It has gained 29.34% during the last one year.

Infosys (3%), YES Bank (0.76%), Sun Pharma (0.36%) and HUL( 0.04%) were the top Sensex gainers.  Top Sensex losers were Vedanta (1.60%), Axis Bank (1.55%) and ITC (1.32%).

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