StockMarket

F O: What do OI positions in Calls and Puts tell about Nifty trade setup
By Chandan Taparia

The Nifty50 index managed to hold its support near the 10,950 level and recovered to 11,030 on Friday. It recently broke out above 10,929 and sustained buying interest has been visible at crucial support levels for last five sessions.

The index formed a small bullish candle on the daily chart and a Long-Legged Doji on the weekly

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Ceat rallies 5% on 4,000% jump in Q1 profit
Tyremaker Ceat went full throttle on Friday as the stock rallied over 5 per cent after the company posted a staggering 4,346 per cent jump in consolidated net profit for the June quarter.

For April-June, Ceat registered a profit of Rs 72.03 crore compared with Rs 1.62 crore a year ago.

The growth in earnings numbers came about chiefly because of

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Sterlite Tech Q1 net doubles to Rs 121 crore
NEW DELHI: Optical fibre maker Sterlite Tech today reported nearly doubling of its net profit at around Rs 121 crore for the June quarter due to strong demand for its products in the domestic market.

The company had registered a net profit of around Rs 61 crore in the same period a year ago.

"Our core business of optical fibre and optical fibre

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Wipro in pact with Alight Solutions in automation push
NEW DELHI: IT major Wipro on Friday signed a deal with Alight Solutions to acquire Alight HR Services India Private for $117 million.

Alight HR Services India Private -- formerly known as Aon HR Services India Private -- is into IT and ITeS services, inter alia, related to human resource outsourcing, information technology, shared and finance

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By Tatiana Darie and Ben BartensteinIt looks like the decade-long bull market in United States stocks has more room to run, albeit with less vitality. That's the latest view from JPMorgan Chase - Co.'s possession management group, which anticipates US equities could continue to acquire for 2 1/2 more years as about half of the indications the bank examines suggest that
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Fortis EGM to seek shareholders nod for stake sale to IHH on August 13
NEW DELHI: Fortis Healthcare today said extra ordinary general meeting (EGM) of the company will be held on August 13 to seek shareholders nod for its acquisition by Malaysia's IHH Healthcare.

Last week, Fortis Healthcare board had approved a Rs 4,000-crore offer from IHH Healthcare for 31.1 per cent stake in it, valuing the cash-strapped firm at

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HUL's parent Unilever expects rise in value growth on GST implementation
Unilever said it expects higher value growth after it annualises the implementation of the Indian goods and services tax in the second half of the year and better performance in the country.

"We expect price growth to pick up as commodity inflation increases and as we annualize the implementation of GST in India, which has had an adverse impact at

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Stock market update: Pharma stocks in good health; Aurobindo Pharma, Dr Reddy's Labs, Sun Pharma climb up to 2%
NEW DELHI: Most pharma stocks were trading with gains during afternoon trade on Friday.

The Nifty Pharma index was trading 0.97 per cent up at 8,834 around 01:15 pm.

Aurobindo Pharma (up 2.32 per cent) was the top gainer in the pharma index, followed by Dr. Reddy's Laboratories (up 1.76 per cent), Sun Pharmaceutical Industries (up 1.64 per cent)

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Sebi to soon frame guidelines to allow MFs in commodity derivatives
NEW DELHI: To increase the institutional participation in the commodity segment, Sebi today said it will soon finalise the guidelines to allow mutual funds (MFs) to invest in commodity derivatives segment.

The markets regulator said it will also frame warehousing norms for non-agriculture commodities and will consider allowing 'indices' once its

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NEW DELHI: Wipro on Friday reported a 5.16 per cent year-on-year (YoY) drop in standalone net earnings at Rs 1,922.20 crore for the June quarter. The IT firm reported Rs 2,026.80 crore revenue in the year ago quarter. Standalone profits for the quarter rose to Rs 12,157.20 crore from Rs 11,791.40 crore in the year-ago quarter. During the three months
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Trends in credit-deposit growth tell a story about financialisation of savings
Loans grew 13 per cent in year-on-year in June 2018 versus 8 per cent year-on-year growth in deposits. Concerns over liquidity may be overdone at this stage, since if we were to look at a couple of years growth rates, which will smoothen the base effects, we see a similar growth rate of about 9 per cent for both credit and deposits.

The

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After Market: Insider trade details; RIL-s new high; pain for Mindtree Hindalco
NEW DELHI: Thursday turned out to be a listless day for Dalal Street, as investors turned cautious ahead of Friday’s no-confidence motion against the Modi government. Market breadth was in favour of declines, and the advance-decline ratio stood at 1:3.

The S-P BSE Sensex shed 22 points to settle at 36,351, with Vedanta (up over 2 per cent)

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By Rahul Satija and Subhadip SircarA liquidity crunch is looming for India, and financing expenses might jump for all but the strongest companies, according to Suyash Choudhary, who anticipated the surge in rates back in 2013. Indian assets have actually ended up being less appealing to overseas funds amid tighter international liquidity, said Choudhary, head of fixed earnings at
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Reserve Bank to hold joint audit of credit rating agencies with Sebi
MUMBAI:Credit rating agencies will come under closer regulatory watch amid corporates battling bankruptcies, lenders taking hefty haircuts, and banks trying to prune sticky loans. The Reserve Bank of India (RBI) will conduct regular audit and inspection of rating agencies whose actions can significantly influence the borrowing price of all
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ETMarkets.com|

Updated: Jul 19, 2018, 05.42 PM IST

buysell7
ICICI Direct has a buy call on Sterlite Technologies Ltd. with a target price of Rs 450.0 . The current market price of Sterlite Technologies Ltd. is Rs 301.15 Time period given by the brokerage is a year when Sterlite Technologies Ltd. price can reach defined target. Sterlite Technologies Ltd.,
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Kansai Nerolac Paints Q1 net at Rs 139.84 crore
Kansai Nerolac Paints Q1 net at Rs 139.84 crore Mumbai, Jul 20 () Kansai Nerolac Paints today reported a marginal decline in its net profit at Rs 139.84 crore for the quarter ended June 30.

It had posted a net profit of Rs 140.81 crore in the corresponding quarter last fiscal.

Its gross sales for the quarter under review grew by 4.89 per cent to

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MUMBAI: Indian rupee ended at a record closing low against the dollar as an emerging markets (EM) currency selloff and an impending vote of confidence on Prime Minister Narendra Modi federal government weighed on investor sentiment. The Indian Parliament will debate a no-confidence motion on Friday. There appears to be no real threat to the
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ETMarkets.com|

Updated: Jul 19, 2018, 05.41 PM IST

buysell2
ICICI Direct has a buy call on Ashoka Buildcon Ltd. with a target price of Rs 195.0 . The current market price of Ashoka Buildcon Ltd. is Rs 148.0 Time period given by the brokerage is 12-18 Months when Ashoka Buildcon Ltd. price can reach defined target. Ashoka Buildcon Ltd., incorporated in the
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HDFC Life Q1 profit jumps 20% to Rs 380 crore
HDFC Life today reported 20.2 per cent rise in net profit to Rs 380.18 crore for the first quarter of the current fiscal.

The company had reported Rs 316.37 crore profit in the April-June quarter of last fiscal, 2017-18.

Insurance profit (policyholder surplus) comprised 81 per cent of the total Profit After Tax (PAT) for the quarter ended June

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MUMBAI: Market participants are directing their ire at the Securities and Exchange Board of India (Sebi) over the current turmoil in mid- and small-cap shares, stating that the capital markets regulator need to concentrate on catching manipulators rather of attempting to control trading. Investors and brokers have criticised the intro of a brand-new risk
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Hold Cyient, target Rs 760: ICICI Direct
cyient share price: Hold Cyient, target Rs 760: ICICI Direct - The TheIndianSubcontinent

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Stock market update: Midcaps in the green; Adani Power zooms 11%
NEW DELHI: The BSE Midcap index was trading 0.69 per cent up at 15,190 around 3 pm.

Shares of Adani Power (up 11.01 per cent), Adani Enterprises (up 7.59 per cent), 3M India (up 5.74 per cent), Bharat Electronics (up 5.52 per cent) and Vakrangee (up 4.99 per cent) were among the top gainers in the index.

On the contrary, Indian Bank (down 4.48 per

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Mumbai: India’s capital market regulator Sebi has told the Mauritius government that it will not come out with a list of “high-risk jurisdictions”. Senior Sebi officials assured this at a meeting with a delegation led by the CEO of the Financial Services Commission (FSC) of Mauritius, Harvesh Seegolam, on Wednesday.

“Sebi gave assurance that it is

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F O: What do OI levels at Puts and Calls tell about Nifty setup
NEW DELHI: The Nifty50 index opened positive but failed to hold above 11,000 level and corrected towards the 10,935 mark on Thursday. The index recently saw a breakout above the 10,929 mark, but was unable to hold the gains. Supply was visible at higher levels.

The index has formed a bearish candle on the daily chart, but at the same time, every

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Bajaj Finance, Finserv set new peak post Q1 numbers
NEW DELHI: Shares of financial services companies Bajaj Finance and Bajaj Finserv shot up to record highs on Friday, driven by their solid June quarter numbers.

At 02:16 pm, the stock of Bajaj Finance hit Rs 2,730 on the BSE, up 8.44 per cent. Bajaj Finserv was up 6.41 per cent at Rs 6,710.95.

Bajaj Finance on Thursday reported an 81.40 per cent

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WNS Q1 net profit jumps 34% to $22.40 mn
NEW DELHI: WNS (Holdings), a leading provider of global business process management services, on Thursday reported 34.10 per cent year-on-year rise in net profit at $22.4 million for the quarter ended June 2018. The company posted a net profit of $16.70 million in the corresponding quarter last year.

Revenue of the company increased 10.90 per cent

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Tech view: Nifty below 11K, forms a small bearish candle
NEW DELHI: The Nifty50 failed to hold the 11,000 level on Thursday, something it had been wrestling with for a few sessions now.

The 11,000-11,080 range has been proving too big a hurdle for the index to cross, even as technical charts signalled a breakout above the 10,929 level.

The index formed a small bearish candle on the daily chart and the

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Essel Corp to acquire 1.15% stake in ZEEL from another promoter entity for Rs 610 crore
New Delhi, Jul 20 () Essel Corporate LLP plans to acquire 1.1 crore shares, or 1.15 per cent stake, of Zee Entertainment Enterprises (ZEEL) from another promotor group entity at an estimated price of over Rs 610 crore.

Essel Corporate will buy the stake from Essel International.

Post completion of the transaction, Essel Corporate's stake in ZEEL

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Much on the anticipated lines, the Nifty continued to combine in a capped variety on Thursday. The more comprehensive market continued to remain under pressure, the Nifty ended the day losing simply 23.35 points or 0.21 per cent. Though no deep losses were seen in the broader markets too, all sector indices other than FMCG and PSU bank ended the day with
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Stocks get the jitters on eve of no-trust motion
NEW DELHI: Flagship indices Nifty and Sensex closed with losses on Thursday as the spectre of the no-confidence motion against the Modi government loomed large.

Heavyweights such as Kotak Mahindra Bank and Larsen - Toubro turned shaky. Investors decided to keep their powder dry in the run-up to the no-trust motion.

On Wednesday, a number of

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