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Equity Tips Expert Derivative Report

NIFTY Outlook

Equity Tips Expert provide the report, The benchmark indices settled lower for the second consecutive day, falling nearly 1 percent on Tuesday tracking weakness in the global markets.

The S&P BSE Sensex ended at 37,291, down 295 points while the broader Nifty50 index settled at 11,279, down 99 points.

Among sectoral indices, the Nifty PSU Bank index settled 5.4 per cent lower weighed by a fall in Bank of Baroda (BoB), which slipped 17 per cent to Rs 112.20 on the National Stock Exchange (NSE)

NIFTY SNAPSHOT

INDEX OPEN HIGH LOW CLOSE
NIFTY 50 11,381.55 11,411.45 11,268.95 11,278.90
BANKNIFTY 26,757.00 26,901.05 26,407.45 26,441.45

ADVANCE/DECLINE RATIO

INDEX NIFTY
ADVANCES 9
DECLINES 41
UNCHANGED 0

 

OPEN INTEREST AND VOLUME

INDEX OPEN HIGH LOW CLOSE
NIFTY 50 11,381.55 11,411.45 11,268.95 11,278.90
BANKNIFTY 26,757.00 26,901.05 26,407.45 26,441.45

 

 

NIFTY GAINERS

SYMBOL CMP % CHANGE
HINDUNILVR 1,664.90 3.70
YESBANK 324.60 1.88
ONGC 174.00 1.34
DRREDDY 2,598.90 1.18
ITC 304.50 0.83

 

NIFTY LOSERS

SYMBOL CMP % CHANGE
SBIN 273.60 4.10
IBULHSGFIN 1,158.00 3.57
TATAMOTORS 251.25 3.46
HINDPETRO 250.45 3.06
BAJAJ-AUTO 2,776.00 2.96

 

FII ACTIVITIES ( RS. IN CRORE)

FII GROSS PURCHASE GROSS SALES NET PURCHASE/ SALES
17-Sept-2018 4005.96 4112.5 106.54
14-Sept-2018 7369.36 6278.8 1090.56
12-Sept-2018 4219.56 5305.95 1086.39

 

 

DII ACTIVITIES ( RS. IN CRORE)

DII GROSS

PURCHASE

GROSS

SALES

NET PURCHASE/ SALES
17-Sept-2018 2441.9 2622.26 180.36
14-Sept-2018 3084.35 2969.21 115.14
12-Sept-2018 3379.78 2838.34 541.44

 

 

Market News:

• Infosys loses arbitration, to pay ex- CFO Rajiv Bansal Rs 122 mn plus interest.

• Amazon eyes Tier-III towns this festive season with Great Indian Sale.

• Sebi may seek your live-in partner’s details to bust insider trading cases.

• India again defers retaliatory tariffs on US to avoid full-blown trade war.

 

BoB, Dena, Vijaya Bank to merge; process completion may take 4-6 months :

The central government on Monday proposed to create the country’s third-largest bank by amalgamating Mumbai-based Dena Bank and Bengaluru-based Vijaya Bank with much larger Bank of Baroda (BoB) in an all-stock deal. The banks’ boards are expected to meet in 10 days to take a call. The deal, though, is almost a certainty since the government is the majority owner.
“The government had announced in the Budget that consolidating banks was on our agenda and the first step has been announced,” Finance Minister Arun Jaitley said. He justified the action, stating that the government and the Reserve Bank of India (RBI) were forced to take “concrete steps” once the asset quality review of banks revealed the bad debt rot in Indian banks was far deeper than what was projected earlier.
Nine bank unions said they would go on a nationwide demonstration on Tuesday and the course of action will be decided by Wednesday.
Earlier the government merged State Bank of India’s associate banks with the parent, and let Life Insurance Corporation take over bad debt-ridden IDBI Bank. Unions have opposed both the moves. Before the asset quality review of the central bank, the bad debts declared by banks were Rs 2.5 trillion. After the review, they turned out to be Rs 8.5 trillion, as banks resorted to “restructuring and evergreening of loans”.

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