INDIAN FACE
INDIAN EQUITY BENCHMARK
Indian benchmark indices made a firm opening on Friday with the Nifty above 12,000 level. The Sensex is up 273 points or 0.67% at 40,854, and the Nifty up 70 points at 12,042. Sectorally, only Nifty Pharma is trading in the red. Nift Metal, Auto, and PSU Bank are the top gainers in morning trade. Nifty Metal is sharply higher by over 2% led by Vdanta, SAIL, and Hindalco, followed by Tata Steel and JSW Steel. TCS, Tata Motors, Vedanta, Yes Bank, and SBI are among the top gainers on the indices, while Dr. Reddy's Lab, Cipla, and Bharti Airtel are the top losers.
GLOBAL FACE
Asian Market- Asian markets closed sharply higher today
with shares in Hong Kong leading the region. The Hang Seng is
up 2.57% while Japan's Nikkei 225 is up 2.55% and China's
Shanghai Composite is up 1.78%.
U.S. Market – North and South American markets finished
broadly higher on Thursday with shares in Brazil leading the
region. The Bovespa is up 1.38% while Mexico's IPC is up
1.32% and U.S.'s S&P 500 is up 0.86%.
European markets- European markets are sharply higher
today with shares in London leading the region. The FTSE 100
is up 1.86% while Germany's DAX is up 1.35% and France's
CAC 40 is up 1.18%.
MARKET TALKS
Infosys faces another lawsuit in the US for falsifying financial statements
Infosys Ltd. faces another lawsuit, this time a class action suit from the Schall Law Firm, a shareholder rights litigation firm based in Los Angeles According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits. This follows a whistleblower complaint against Infosys and its CEO Salil Parekh, which made similar allegations. However, the company could not find any evidence regarding the same after conducting an investigation.
Power Grid acquires Rampur Sambhal Transco Limited
Power Grid Corporation of India Limited (PGCIL), informed the exchanges today that pursuant to its selection as the successful bidder under Tariff based competitive bidding, the company on December 12, 2019 acquired Rampur Sambhal Transco Limited (RSTL), the Project SPV to Establish Transmission System for "Construction of 765/ 400/ 220 kV GIS substation, Rampur and 400/ 2201 132 kV GIS substation, Sambhal with associated transmission lines", on build, own, operate and maintain (BOOM) basis from REC Transmission Projects Company Limited (the Bid Process Coordinator).
Premier Explosives spikes ~15% after receiving license from Govt of Telangana
Shares of Premier Explosives shot up ~15% intraday after the the company informed the exchanges about a license received from the Telangana Government. The company said that it has received the license from Government of Telangana to work a factory at Katepally, near Hyderabad. The license stands valid until it is cancelled.
Mastek sells its partial stake in Majesco; stock surges 6%
Mastek confirmed the partial sale of its legacy shareholding in Majesco, USA through a BSE press release today. The stock is trading higher by more than 6% in trade today. An initial 2,000,000 shares were sold for USD 15.94 MN and the balance of 3,044,875 is intended to be sold in ensuing future. The net proceeds from the sale will be reinvested into the growth of Mastek as part or its committed Vision 2020 strategy.
NIFTY SPOT
NAME OF THE STOCK : AXIS BANK
DATE : 16/12/2019
SEGMENT : CASH CHART
TYPE : Candlestick
EXCHANGE : NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
INVESTMENT ADVICE:
CALL CS CALL: - BUY AXISBANK CASH NR CMP 752 TGT 762 SL 746
RATIONALE FOR ARRIVING INVESTMENT ADVICE :
TECHNICAL VIEW : THE STOCK TECHINCALLY IS UP ,TAKING SUPPORT OF VOLUME.RESISTANCE IS BROKEN TODAY WITH HEAVY VOLUME.AS WELL AS A POSSIBILITY OF UPWARD MOVEMENT IS THERE.
OTHER REASON IF ANY :- SHOWING STRENGTHS IN INTRADAY CHARTS AS WELL
CAPITALSTARS CALL US : 9977499927
Derivatives Tips , Intraday Stock Tips , FreeTrading Tips, Sebi Registered advisory
INDIAN EQUITY BENCHMARK
Indian benchmark indices made a firm opening on Friday with the Nifty above 12,000 level. The Sensex is up 273 points or 0.67% at 40,854, and the Nifty up 70 points at 12,042. Sectorally, only Nifty Pharma is trading in the red. Nift Metal, Auto, and PSU Bank are the top gainers in morning trade. Nifty Metal is sharply higher by over 2% led by Vdanta, SAIL, and Hindalco, followed by Tata Steel and JSW Steel. TCS, Tata Motors, Vedanta, Yes Bank, and SBI are among the top gainers on the indices, while Dr. Reddy's Lab, Cipla, and Bharti Airtel are the top losers.
GLOBAL FACE
European markets- European markets are sharply higher
today with shares in London leading the region. The FTSE 100
is up 1.86% while Germany's DAX is up 1.35% and France's
CAC 40 is up 1.18%. MARKET TALKS
Infosys faces another lawsuit in the US for falsifying financial statements
Infosys Ltd. faces another lawsuit, this time a class action suit from the Schall Law Firm, a shareholder rights litigation firm based in Los Angeles According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits. This follows a whistleblower complaint against Infosys and its CEO Salil Parekh, which made similar allegations. However, the company could not find any evidence regarding the same after conducting an investigation.
Power Grid acquires Rampur Sambhal Transco Limited
Power Grid Corporation of India Limited (PGCIL), informed the exchanges today that pursuant to its selection as the successful bidder under Tariff based competitive bidding, the company on December 12, 2019 acquired Rampur Sambhal Transco Limited (RSTL), the Project SPV to Establish Transmission System for "Construction of 765/ 400/ 220 kV GIS substation, Rampur and 400/ 2201 132 kV GIS substation, Sambhal with associated transmission lines", on build, own, operate and maintain (BOOM) basis from REC Transmission Projects Company Limited (the Bid Process Coordinator).
Premier Explosives spikes ~15% after receiving license from Govt of Telangana
Shares of Premier Explosives shot up ~15% intraday after the the company informed the exchanges about a license received from the Telangana Government. The company said that it has received the license from Government of Telangana to work a factory at Katepally, near Hyderabad. The license stands valid until it is cancelled.
Mastek sells its partial stake in Majesco; stock surges 6%
Mastek confirmed the partial sale of its legacy shareholding in Majesco, USA through a BSE press release today. The stock is trading higher by more than 6% in trade today. An initial 2,000,000 shares were sold for USD 15.94 MN and the balance of 3,044,875 is intended to be sold in ensuing future. The net proceeds from the sale will be reinvested into the growth of Mastek as part or its committed Vision 2020 strategy.
NIFTY SPOT
NAME OF THE STOCK : AXIS BANK
DATE : 16/12/2019
SEGMENT : CASH CHART
TYPE : Candlestick
EXCHANGE : NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
INVESTMENT ADVICE:
CALL CS CALL: - BUY AXISBANK CASH NR CMP 752 TGT 762 SL 746
RATIONALE FOR ARRIVING INVESTMENT ADVICE :
TECHNICAL VIEW : THE STOCK TECHINCALLY IS UP ,TAKING SUPPORT OF VOLUME.RESISTANCE IS BROKEN TODAY WITH HEAVY VOLUME.AS WELL AS A POSSIBILITY OF UPWARD MOVEMENT IS THERE.
OTHER REASON IF ANY :- SHOWING STRENGTHS IN INTRADAY CHARTS AS WELL
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