TUESDAY

20-AUG-2019

Bulls will be in control-11150 is the key

FLAT  MARKET

 

Today’s Market Prediction:  Indian Stock Market would open FLAT

Technically,Nifty has entered into positive zone but BankNifty is still in negative zone

The index formed bearish candle which resembles a Shooting Star kind of pattern on the daily Chart

India VIX up by 0.60 percent at 16.74 levels

Rupee plunges to over 6-month low of 71.43; skids 29 paise

Oil rises 2% after attack on Saudi field, stimulus expectations

Govt removes debenture reserve requirement for housing finance cos, NBFCs

SEBI building framework to allow rating agencies access to loan default information

Asian Paints: Company through its representatives will be participating in Motilal Oswal Investor Conference and meeting with Capital International on August 21.

Vadilal Industries: Board meeting is scheduled to be held on August 23 to consider the annual audited standalone and consolidated financial statements & financial results of the company for the quarter/year ended on March 2019.

Just Dial: Representative of the company will attend Motilal Oswal's Fifteenth Annual Global Investor Conference on August 20 and 21 at Mumbai.

Stocks in the NEWS:

Vodafone Idea: Ravinder Takkar appointed as MD & CEO. CEO Balesh Sharma resigned with immediate effect and will take up a new role in Vodafone Group.

LT Foods: With an intent to consolidate its international business, company has approved transfer of investments (shares) in LT Foods International, Limited, UK, (wholly-owned subsidiary of the company) to LT Overseas North Americas Inc., USA, another wholly-owned subsidiary of the company at fair value as determined by an independent merchant bank.

National Fertilizers: ICRA reaffirmed its long term credit rating and term loans rating at AA but revised outlook to negative from stable.

Tata Motors: CARE cuts long-term rating to AA- versus AA, outlook negative.

MRPL: Refinery affected by a minor landslide due to intensified monsoon in Dakshina Kannada district. As a precaution, structured shutdown of Phase-III process units of refinery. Phase-I, Phase-II and product dispatch facilities unaffected & are operating normally.

Opto Circuits Q1: Consolidated profit falls to Rs 10.8 crore versus Rs 12.95 crore, revenue dips to Rs 50.28 crore versus Rs 71.31 crore YoY.

IL&FS: Interest due & payable on August 19 on certain NCD not paid due to insufficient funds.

RPP Infra Projects: Company appointed A Karthiswaran as a Company Secretary and Compliance Officer.

INEOS Styrolution India: Company appointed merchant banker to undertake due diligence, pursuant to the receipt of the proposal for voluntary delisting of the equity shares of the company.

Market lndication:

Global: POSITIVE

NIFTY: FLAT  

BANKNIFTY: FLAT 

BULK Deals: Cox & Kings Limited, Reliance Infrastructu Ltd

Stocks In F&O Ban Period: DHFL,IDBI Bank  

Results Today: Nova Iron & Steel, Tantia Constructions, Ceenik Exports

SGX NIFTY:  (Negative)

11042     -14.00    -0.13%

 

FII-DII: FIIs were net sellers of Rs.305 crores whereas DIIs were net buyers of Rs.386 crores in cash market for last trading session.

NIFTY (11053): The support for the Nifty is: 11012-10970-10930 and the resistance to the up move is at: 11121-11188-11255 levels.

BANKNIFTY (28186): The support for BankNifty is: 28065-27944-27820 and the resistance to the up move is at  28387-28589-28800 levels