Nifty Report

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11569 -36 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.07%, while the BSE Sensex 30 index added 1.17%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 15.47% or 6.35 points to trade at 47.40 at the close. Tata Motors Ltd added 13.27% or 16.70 points to end at 139.50 and Eicher Motors Ltd. was up 7.96% or 1529.40 points to 20491.85 in late trade.

Biggest losers included Vedanta Ltd, which lost 0.97% or 1.45 points to trade at 148.30 in late trade. Grasim Industries Ltd declined 0.73% or 5.35 points to end at 724.55 and HCL Technologies Ltd shed 1.06% or 11.70 points to 1093.05.

The breadth, indicating the overall health of the market, 1357 rose and 1022 declined, while 181 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.21% to 71.200.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11630. The upside rally could be testing all the way up to 11800-12000 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11300 level. Key support holds at 11300.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11487 +1 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.31%, while the BSE Sensex 30 index added 0.24%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 4.31% or 21.15 points to trade at 512.40 at the close. Grasim Industries Ltd added 3.47% or 24.45 points to end at 730.85 and Zee Entertainment Enterprises Ltd. was up 3.71% or 9.30 points to 259.65 in late trade.

Biggest losers included Hero MotoCorp Ltd, which lost 2.83% or 75.65 points to trade at 2602.35 in late trade. Hindalco Industries Ltd. declined 2.36% or 4.55 points to end at 187.95 and Vedanta Ltd shed 2.48% or 3.80 points to 149.90.

The breadth, indicating the overall health of the market, 1266 fell and 1096 advanced, while 180 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01% to 71.484.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11500. The upside rally could be testing all the way up to 11700-11900 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11200 level. Key support holds at 11200.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11475 +40 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.77%, while the BSE Sensex 30 index gained 0.76%.

The biggest gainers of the session on the Nifty 50 were Eicher Motors Ltd., which rose 4.69% or 859.95 points to trade at 19199.10 at the close. Vedanta Ltd added 4.03% or 5.95 points to end at 153.50 and Zee Entertainment Enterprises Ltd. was up 3.17% or 7.70 points to 250.70 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 2.83% or 11.15 points to trade at 383.65 in late trade. Infosys Ltd declined 2.18% or 17.10 points to end at 768.30 and Bharti Infratel Ltd shed 1.27% or 3.30 points to 256.95.

The breadth, indicating the overall health of the market, 1304 fell and 1052 advanced, while 173 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.45% to 71.545.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11460. The upside rally could be testing all the way up to 11600-11800 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11100 level. Key support holds at 11100.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11381 +46 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.32%, while the BSE Sensex 30 index climbed 0.23%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 5.03% or 6.10 points to trade at 127.85 at the close. Oil and Natural Gas Corporation Ltd added 5.50% or 7.10 points to end at 135.25 and Bharti Airtel Ltd. was up 2.62% or 10.05 points to 393.55 in late trade.

Biggest losers included Infosys Ltd, which lost 3.50% or 28.50 points to trade at 786.10 in late trade. Bajaj Finance Ltd declined 2.65% or 105.20 points to end at 3883.30 and Power Grid Corporation of India Ltd shed 1.00% or 2.00 points to 198.40.

The breadth, indicating the overall health of the market, 1247 fell and 1157 advanced, while 202 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.33% to 71.147.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11390. The upside rally could be testing all the way up to 11500-11700 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11100 level. Key support holds at 11100.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11287 +26 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.63%, while the BSE Sensex 30 index added 0.65%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 4.71% or 19.90 points to trade at 441.35 at the close. Vedanta Ltd added 3.93% or 5.55 points to end at 147.05 and Infosys Ltd was up 4.08% or 31.95 points to 814.80 in late trade.

Biggest losers included Yes Bank Ltd, which lost 2.93% or 1.20 points to trade at 39.60 in late trade. Indian Oil Corporation Ltd declined 3.31% or 4.90 points to end at 143.40 and GAIL Ltd shed 1.77% or 2.25 points to 124.95.

The breadth, indicating the overall health of the market, 1309 fell and 1050 advanced, while 147 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.11% to 71.058.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11350. The upside rally could be testing all the way up to 11500-11700 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11100 level. Key support holds at 11100.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11288 +27 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.70%, while the BSE Sensex 30 index lost 0.78%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 4.35% or 15.65 points to trade at 377.25 at the close. Grasim Industries Ltd added 3.67% or 24.60 points to end at 696.60 and Reliance Industries Ltd was up 2.67% or 35.40 points to 1362.75 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 19.27% or 46.20 points to trade at 195.35 in late trade. IndusInd Bank Ltd. declined 6.04% or 79.10 points to end at 1228.50 and Yes Bank Ltd shed 5.43% or 2.35 points to 40.95.

The breadth, indicating the overall health of the market, 1509 fell and 833 advanced, while 168 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09% to 71.045.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11200. The downside rally could be testing all the way up to 11000-10900 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11400 level. Key resistance holds at 11400.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11285 -53 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.68%, while the BSE Sensex 30 index gained 1.72%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 5.52% or 68.45 points to trade at 1308.65 at the close. Bharti Airtel Ltd. added 5.23% or 17.85 points to end at 359.40 and ICICI Bank Ltd was up 4.90% or 20.40 points to 436.70 in late trade.

Biggest losers included Yes Bank Ltd, which lost 5.15% or 2.35 points to trade at 43.25 in late trade. Hero MotoCorp Ltd declined 2.80% or 75.00 points to end at 2604.35 and Titan Company Ltd shed 2.27% or 28.60 points to 1230.30.

The breadth, indicating the overall health of the market, 1220 rose and 1180 declined, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.28% to 71.014.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11350. The upside rally could be testing all the way up to 11500-11700 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11100 level. Key support holds at 11100.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11136 +39 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.43%, while the BSE Sensex 30 index lost 0.38%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 7.59% or 3.20 points to trade at 45.65 at the close. Zee Entertainment Enterprises Ltd. added 5.62% or 13.30 points to end at 251.50 and Britannia Industries Ltd was up 3.88% or 110.30 points to 2953.35 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 5.17% or 26.65 points to trade at 490.65 in late trade. Indiabulls Housing Finance Ltd declined 3.77% or 9.25 points to end at 234.25 and JSW Steel Ltd shed 3.07% or 6.60 points to 208.00.

The breadth, indicating the overall health of the market, 1556 fell and 841 advanced, while 210 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.34% to 71.062.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11080. The downside rally could be testing all the way up to 10900-10800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11300 level. Key resistance holds at 11300.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11242 -117 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.23%, while the BSE Sensex 30 index fell 1.14%.

The biggest gainers of the session on the Nifty 50 were Oil and Natural Gas Corporation Ltd, which rose 0.98% or 1.25 points to trade at 129.55 at the close. Infosys Ltd added 0.85% or 6.70 points to end at 793.45 and Tata Consultancy Services Ltd.  was up 0.86% or 17.75 points to 2079.35 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 8.13% or 21.65 points to trade at 245.25 in late trade. Zee Entertainment Enterprises Ltd. declined 6.42% or 16.15 points to end at 236.85 and UltraTech Cement Ltd shed 4.03% or 167.20 points to 3979.55.

The breadth, indicating the overall health of the market, 1549 fell and 936 advanced, while 225 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.07% to 70.972.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11120. The downside rally could be testing all the way up to 11000-10850 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11400 level. Key resistance holds at 11400.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11384 +25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.40%, while the BSE Sensex 30 index declined 0.52%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 33.59% or 10.75 points to trade at 42.50 at the close. Zee Entertainment Enterprises Ltd. added 6.50% or 15.15 points to end at 251.55 and Bharat Petroleum Corp. Ltd. was up 7.50% or 37.05 points to 531.60 in late trade.

Biggest losers included Vedanta Ltd, which lost 4.66% or 7.05 points to trade at 144.40 in late trade. Coal India Ltd declined 3.45% or 6.70 points to end at 186.75 and Hindalco Industries Ltd. shed 4.01% or 7.60 points to 182.60.

The breadth, indicating the overall health of the market, 1453 fell and 909 advanced, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.32% to 70.910.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11280. The downside rally could be testing all the way up to 11100-11000 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11600 level. Key resistance holds at 11600.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11345 -10.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.00%, while the BSE Sensex 30 index declined 0.94%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 5.06% or 23.80 points to trade at 493.90 at the close. Indiabulls Housing Finance Ltd added 4.57% or 11.70 points to end at 267.60 and Mahindra & Mahindra Ltd. was up 1.75% or 9.55 points to 556.70 in late trade.

Biggest losers included Yes Bank Ltd, which lost 22.71% or 9.40 points to trade at 32.00 in late trade. Zee Entertainment Enterprises Ltd. declined 12.18% or 32.35 points to end at 233.15 and IndusInd Bank Ltd. shed 6.18% or 85.50 points to 1298.05.

The breadth, indicating the overall health of the market, 1721 fell and 648 advanced, while 135 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.63% to 71.085.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11300. The downside rally could be testing all the way up to 11150-11000 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11600 level. Key resistance holds at 11600.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11558.50 +20.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.33%, while the BSE Sensex 30 index declined 0.40%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 6.93% or 24.20 points to trade at 367.05 at the close. HCL Technologies Ltd added 3.61% or 37.60 points to end at 1080.60 and UPL Ltd was up 3.30% or 19.20 points to 603.95 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 34.38% or 134.10 points to trade at 255.90 in late trade. Yes Bank Ltd declined 14.36% or 7.00 points to end at 41.40 and IndusInd Bank Ltd. shed 6.13% or 90.80 points to 1383.55.

The breadth, indicating the overall health of the market, 1638 fell and 745 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.43% to 70.795.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11440. The downside rally could be testing all the way up to 11300-11200 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11700 level. Key resistance holds at 11700.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11577.50 -7.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.51%, while the BSE Sensex 30 index lost 0.43%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 2.89% or 9.95 points to trade at 349.10 at the close. Bajaj Finance Ltd added 1.61% or 64.45 points to end at 4057.40 and Kotak Mahindra Bank Ltd. was up 0.97% or 15.80 points to 1643.50 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 6.10% or 25.25 points to trade at 390.10 in late trade. Vedanta Ltd declined 5.69% or 9.45 points to end at 157.25 and Zee Entertainment Enterprises Ltd. shed 4.64% or 13.30 points to 273.55.

The breadth, indicating the overall health of the market, 1479 fell and 932 advanced, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.48% to 70.610.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11480. The downside rally could be testing all the way up to 11300-11150 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11700 level. Key resistance holds at 11700.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11605 -25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.15%, while the BSE Sensex 30 index gained 1.03%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 6.88% or 10.75 points to trade at 166.10 at the close. Mahindra & Mahindra Ltd. added 5.67% or 30.30 points to end at 566.95 and Coal India Ltd was up 5.40% or 10.40 points to 203.30 in late trade.

Biggest losers included Yes Bank Ltd, which lost 4.66% or 2.50 points to trade at 51.05 in late trade. Indiabulls Housing Finance Ltd declined 3.35% or 14.20 points to end at 413.75 and Infosys Ltd shed 1.02% or 8.05 points to 782.55.

The breadth, indicating the overall health of the market, 1212 rose and 1199 declined, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 70.936.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11600. The upside rally could be testing all the way up to 11700-11800 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11300 level. Key support holds at 11300.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11497.50 +22.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.28%, while the BSE Sensex 30 index declined 1.29%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd, which rose 3.83% or 7.30 points to trade at 198.75 at the close. Tata Consultancy Services Ltd. added 1.92% or 39.30 points to end at 2088.45 and NTPC Ltd was up 1.56% or 1.80 points to 116.90 in late trade.

Biggest losers included State Bank of India, which lost 7.70% or 23.30 points to trade at 280.25 in late trade. Tata Motors Ltd declined 5.92% or 7.75 points to end at 123.05 and Maruti Suzuki India Ltd. shed 4.41% or 309.10 points to 6638.50.

The breadth, indicating the overall health of the market, 1676 fell and 736 advanced, while 120 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.12% to 71.043.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11400. The downside rally could be testing all the way up to 11300-11200 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11700 level. Key resistance holds at 11700.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11531.50 100.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.10%, while the BSE Sensex 30 index climbed 0.02%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which rose 3.88% or 29.65 points to trade at 794.05 at the close. Reliance Industries Ltd added 3.09% or 38.30 points to end at 1278.70 and Tech Mahindra Ltd was up 3.11% or 21.25 points to 703.85 in late trade.

Biggest losers included JSW Steel Ltd, which lost 4.19% or 10.20 points to trade at 233.35 in late trade. Eicher Motors Ltd. declined 3.84% or 739.35 points to end at 18434.25 and State Bank of India shed 4.06% or 12.75 points to 302.60.

The breadth, indicating the overall health of the market, 1309 fell and 1124 advanced, while 140 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.33% to 71.020.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11420. The downside rally could be testing all the way up to 11300-11200 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11700 level. Key resistance holds at 11700.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11664.50 +63.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 2.89% to hit a new 1-month high, while the BSE Sensex 30 index climbed 2.83%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 13.66% or 55.15 points to trade at 450.85 at the close. Bajaj Finance Ltd added 8.91% or 329.80 points to end at 4023.75 and Larsen & Toubro Ltd was up 9.14% or 128.95 points to 1528.50 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 8.08% or 24.35 points to trade at 271.60 in late trade. Infosys Ltd declined 4.97% or 40.00 points to end at 764.35 and Power Grid Corporation of India Ltd shed 4.36% or 8.55 points to 188.30.

The breadth, indicating the overall health of the market, 1553 rose and 929 declined, while 174 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.21% to 70.912.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish in trend on a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11650. The upside rally could be testing all the way up to 11800-11900 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11400 level. Key support holds at 11400.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11494 +154 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 5.32% to hit a new 1-month high, while the BSE Sensex 30 index added 5.32%.

The biggest gainers of the session on the Nifty 50 were Eicher Motors Ltd., which rose 13.38% or 2107.50 points to trade at 17860.20 at the close. Hero MotoCorp Ltd added 12.34% or 312.40 points to end at 2862.90 and IndusInd Bank Ltd. was up 10.94% or 140.25 points to 1419.60 in late trade.

Biggest losers included Power Grid Corporation of India Ltd, which lost 2.68% or 5.40 points to trade at 196.20 in late trade. Zee Entertainment Enterprises Ltd. declined 2.87% or 8.85 points to end at 301.40 and Infosys Ltd shed 1.63% or 13.40 points to 805.00.

The breadth, indicating the overall health of the market, 1773 rose and 692 declined, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.37% to 71.105.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11320. The upside rally could be testing all the way up to 11500-11600 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11000 level. Key support holds at 11000.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10737 +32.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.25% to hit a new 6-month low, while the BSE Sensex 30 index fell 1.29%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 2.01% or 2.45 points to trade at 124.20 at the close. UPL Ltd added 0.53% or 2.95 points to end at 562.05 and HDFC Bank Ltd was up 0.56% or 6.17 points to 1101.05 in late trade.

Biggest losers included Yes Bank Ltd, which lost 15.76% or 10.10 points to trade at 54.10 in late trade. Zee Entertainment Enterprises Ltd. declined 7.83% or 26.25 points to end at 308.85 and Indiabulls Housing Finance Ltd shed 4.59% or 19.25 points to 394.75.

The breadth, indicating the overall health of the market, 1731 fell and 673 advanced, while 114 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.27% to 71.320.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10650. The downside rally could be testing all the way up to 10500-10400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11000 level. Key resistance holds at 11000.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10889 +47 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.69%, while the BSE Sensex 30 index lost 1.73%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 1.85% or 2.40 points to trade at 131.90 at the close. Titan Company Ltd added 0.98% or 11.20 points to end at 1158.25 and Hindustan Unilever Ltd. was up 0.97% or 17.70 points to 1831.20 in late trade.

Biggest losers included Hero MotoCorp Ltd, which lost 6.25% or 171.05 points to trade at 2568.95 in late trade. Tata Motors Ltd declined 4.98% or 6.40 points to end at 122.00 and AXIS Bank Ltd shed 4.68% or 31.40 points to 640.45.

The breadth, indicating the overall health of the market, 1594 fell and 818 advanced, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.44% to 71.877.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10780. The downside rally could be testing all the way up to 10600-10500 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11100 level. Key resistance holds at 11100.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10988 -17 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.65%, while the BSE Sensex 30 index lost 0.70%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd, which rose 2.10% or 23.60 points to trade at 1148.55 at the close. Britannia Industries Ltd added 1.51% or 40.45 points to end at 2715.05 and Oil and Natural Gas Corporation Ltd was up 1.28% or 1.65 points to 130.70 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 7.31% or 29.85 points to trade at 380.00 in late trade. Mahindra & Mahindra Ltd. declined 2.68% or 14.75 points to end at 536.95 and UPL Ltd shed 2.40% or 13.85 points to 564.10.

The breadth, indicating the overall health of the market, 1319 rose and 1095 declined, while 161 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.80% to 71.540.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10950. The downside rally could be testing all the way up to 10800-10700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11150 level. Key resistance holds at 11150.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11006 -105 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.85%, while the BSE Sensex 30 index climbed 0.76%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 6.38% or 24.50 points to trade at 408.55 at the close. Indian Oil Corporation Ltd added 4.82% or 6.00 points to end at 130.10 and Titan Company Ltd was up 3.50% or 38.00 points to 1123.40 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 2.55% or 11.45 points to trade at 442.25 in late trade. Bharti Airtel Ltd. declined 1.02% or 3.55 points to end at 343.05 and Dr. Reddy’s Laboratories Ltd shed 1.39% or 38.40 points to 2731.55.

The breadth, indicating the overall health of the market, 1462 rose and 908 declined, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.11% to 71.017.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11110. The upside rally could be testing all the way up to 11250-11400 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10800 level. Key resistance holds at 10800.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11003.50 +12 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.48%, while the BSE Sensex 30 index fell 0.45%.

The biggest gainers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd, which rose 3.64% or 15.70 points to trade at 449.40 at the close. UltraTech Cement Ltd added 2.47% or 96.60 points to end at 4002.05 and ICICI Bank Ltd was up 2.03% or 8.00 points to 402.70 in late trade.

Biggest losers included Yes Bank Ltd, which lost 4.68% or 3.35 points to trade at 67.95 in late trade. Tata Motors Ltd declined 3.80% or 5.10 points to end at 127.95 and Maruti Suzuki India Ltd. shed 3.01% or 198.55 points to 6392.05.

The breadth, indicating the overall health of the market, 1306 rose and 1071 declined, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.42% to 71.250.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10920. The downside rally could be testing all the way up to 10800-10700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11150 level. Key resistance holds at 11150.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11073 +36 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.30%, while the BSE Sensex 30 index climbed 0.34%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 13.00% or 8.20 points to trade at 71.60 at the close. Tata Motors Ltd added 10.66% or 13.00 points to end at 134.35 and Eicher Motors Ltd. was up 5.10% or 827.25 points to 17013.65 in late trade.

Biggest losers included Wipro Ltd, which lost 2.91% or 7.45 points to trade at 248.15 in late trade. Oil and Natural Gas Corporation Ltd declined 3.13% or 4.05 points to end at 125.75 and GAIL Ltd shed 2.80% or 3.70 points to 128.45.

The breadth, indicating the overall health of the market, 1775 rose and 729 declined, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.21% to 71.722.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11080. The upside rally could be testing all the way up to 11200-11300 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10800 level. Key support holds at 10800.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10972 +12.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.91%, while the BSE Sensex 30 index climbed 0.92%.

The biggest gainers of the session on the Nifty 50 were Eicher Motors Ltd., which rose 2.82% or 444.80 points to trade at 16407.25 at the close. Tech Mahindra Ltd added 3.85% or 26.80 points to end at 721.75 and Maruti Suzuki India Ltd. was up 3.87% or 231.25 points to 6186.95 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 4.57% or 20.45 points to trade at 425.70 in late trade. Yes Bank Ltd declined 1.94% or 1.20 points to end at 60.40 and Sun Pharmaceutical Industries Ltd. shed 1.57% or 6.80 points to 425.10.

The breadth, indicating the overall health of the market, 1521 rose and 878 declined, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.34% to 71.665.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10980. The upside rally could be testing all the way up to 11100-11200 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10700 level. Key support holds at 10700.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10903.50 +41 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.03%, while the BSE Sensex 30 index fell 0.22%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 8.08% or 8.85 points to trade at 118.05 at the close. Coal India Ltd added 7.30% or 13.30 points to end at 194.85 and Oil and Natural Gas Corporation Ltd was up 5.29% or 6.30 points to 125.15 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd, which lost 2.81% or 59.10 points to trade at 2044.15 in late trade. Indiabulls Housing Finance Ltd declined 2.25% or 10.30 points to end at 447.95 and ICICI Bank Ltd shed 2.24% or 8.90 points to 389.00.

The breadth, indicating the overall health of the market, 1396 rose and 944 declined, while 139 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.14% to 71.865.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, testing all the way up to 10600 level in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 10900 then it might turn bullish once again. The upside rally could test up to 11000-11100 levels. Key support holds at 10600.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10884.50 +27 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.43%, while the BSE Sensex 30 index gained 0.44%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 2.66% or 67.40 points to trade at 2602.70 at the close. Indian Oil Corporation Ltd added 2.81% or 3.30 points to end at 120.35 and Bharti Airtel Ltd. was up 2.42% or 8.15 points to 345.70 in late trade.

Biggest losers included Maruti Suzuki India Ltd., which lost 4.04% or 244.50 points to trade at 5830.75 in late trade. Sun Pharmaceutical Industries Ltd. declined 3.04% or 13.35 points to end at 426.45 and Tata Motors Ltd shed 2.57% or 2.90 points to 109.50.

The breadth, indicating the overall health of the market, 1164 rose and 1132 declined, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.13% to 72.067.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10900. The upside rally could be testing all the way up to 11000-11100 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 10600 level. Key support holds at 10600.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10866 +46.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 2.04%, while the BSE Sensex 30 index lost 2.06%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 1.35% or 9.35 points to trade at 704.50 at the close. HCL Technologies Ltd added 0.51% or 5.65 points to end at 1108.35 and Bharat Petroleum Corp. Ltd. was down 0.07% or 0.25 points to 356.20 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 4.35% or 17.80 points to trade at 392.15 in late trade. Indian Oil Corporation Ltd declined 4.12% or 5.05 points to end at 117.25 and Titan Company Ltd shed 4.23% or 46.70 points to 1059.65.

The breadth, indicating the overall health of the market, 1541 fell and 776 advanced, while 168 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.50% to 72.309.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10730. The downside rally could be testing all the way up to 10600-10500 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11000 level. Key resistance holds at 11000.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10946 +4.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.68%, while the BSE Sensex 30 index gained 0.71%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 5.23% or 3.00 points to trade at 59.95 at the close. Sun Pharmaceutical Industries Ltd. added 4.03% or 17.50 points to end at 450.40 and IndusInd Bank Ltd. was up 3.48% or 47.05 points to 1395.75 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 3.23% or 8.35 points to trade at 250.45 in late trade. Coal India Ltd declined 2.28% or 4.30 points to end at 184.75 and Power Grid Corporation of India Ltd shed 1.64% or 3.35 points to 200.50.

The breadth, indicating the overall health of the market, 1349 rose and 1062 declined, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.20% to 71.535.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11070. The upside rally could be testing all the way up to 11200-11300 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 10800 level. Key support holds at 10800.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11000 -8 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.89%, while the BSE Sensex 30 index fell 1.02%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 5.06% or 20.90 points to trade at 434.65 at the close. Bharti Infratel Ltd added 3.46% or 8.60 points to end at 258.45 and JSW Steel Ltd was up 3.04% or 6.25 points to 211.95 in late trade.

Biggest losers included State Bank of India, which lost 3.30% or 9.40 points to trade at 274.50 in late trade. Yes Bank Ltd declined 3.36% or 2.00 points to end at 57.40 and Housing Development Finance Corporation Ltd shed 2.63% or 57.45 points to 2128.45.

The breadth, indicating the overall health of the market, 1515 fell and 855 advanced, while 153 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.01% to 71.800.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10900. The downside rally could be testing all the way up to 10800-10700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11150 level. Key resistance holds at 11150.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11013 -35 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.53%, while the BSE Sensex 30 index fell 0.50%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 2.72% or 29.70 points to trade at 1123.95 at the close. Bharat Petroleum Corp. Ltd. added 2.48% or 8.50 points to end at 350.55 and Infosys Ltd was up 2.40% or 18.85 points to 802.50 in late trade.

Biggest losers included Yes Bank Ltd, which lost 7.13% or 4.60 points to trade at 59.50 in late trade. Vedanta Ltd declined 3.77% or 5.20 points to end at 132.35 and Tata Steel Ltd shed 4.29% or 15.05 points to 336.95.

The breadth, indicating the overall health of the market, 1526 fell and 912 advanced, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.41% to 71.817.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum, testing all the way up to 10800 level in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 11120 then it might turn bullish once again. The upside rally could test up to 11250-11400 level. Key support holds at 10800.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11115 +5 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.43%, while the BSE Sensex 30 index gained 0.39%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 8.96% or 9.90 points to trade at 120.35 at the close. Britannia Industries Ltd added 6.70% or 169.75 points to end at 2685.90 and Tata Steel Ltd was up 4.08% or 13.80 points to 350.90 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 3.52% or 12.70 points to trade at 348.30 in late trade. Indiabulls Housing Finance Ltd declined 3.52% or 17.15 points to end at 471.50 and Infosys Ltd shed 2.12% or 17.05 points to 784.65.

The breadth, indicating the overall health of the market, 1600 rose and 824 declined, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.59% to 71.594.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11150. The upside rally could be testing all the way up to 11300-11400 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10800 level. Key support holds at 10800.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11105 +52.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 2.11%, while the BSE Sensex 30 index added 2.16%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 5.06% or 3.00 points to trade at 62.90 at the close. Adani Port and Special Economic Zone Ltd added 5.81% or 20.30 points to end at 368.20 and Housing Development Finance Corporation Ltd was up 5.20% or 106.25 points to 2148.35 in late trade.

Biggest losers included JSW Steel Ltd, which lost 3.06% or 6.75 points to trade at 214.10 in late trade. Tata Steel Ltd declined 2.10% or 7.25 points to end at 338.05 and Sun Pharmaceutical Industries Ltd. shed 2.07% or 8.85 points to 419.35.

The breadth, indicating the overall health of the market, 1632 rose and 770 declined, while 130 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.71% to 72.002.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11120. The upside rally could be testing all the way up to 11300-11400 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10800 level. Key support holds at 10800.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10898 +68.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.82%, while the BSE Sensex 30 index climbed 0.63%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 6.55% or 21.55 points to trade at 351.15 at the close. Vedanta Ltd added 5.70% or 7.35 points to end at 137.40 and UPL Ltd was up 6.18% or 32.00 points to 547.25 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 1.78% or 23.80 points to trade at 1310.50 in late trade. ITC Ltd declined 1.50% or 3.60 points to end at 236.10 and ICICI Bank Ltd shed 0.80% or 3.20 points to 395.40.

The breadth, indicating the overall health of the market, 1272 rose and 1085 declined, while 126 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.23% to 71.748.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10880. The upside rally could be testing all the way up to 11000-11180 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10650 level. Key support holds at 10650.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10706 -13 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.62% to hit a new 6-month low, while the BSE Sensex 30 index lost 1.59%.

The biggest gainers of the session on the Nifty 50 were Britannia Industries Ltd, which rose 1.72% or 40.90 points to trade at 2440.75 at the close. Dr. Reddy’s Laboratories Ltd added 1.20% or 30.05 points to end at 2545.40 and Tech Mahindra Ltd was up 1.52% or 10.20 points to 682.75 in late trade.

Biggest losers included Yes Bank Ltd, which lost 12.16% or 7.95 points to trade at 56.30 in late trade. Vedanta Ltd declined 7.61% or 10.65 points to end at 129.05 and Indiabulls Housing Finance Ltd shed 5.18% or 25.05 points to 450.55.

The breadth, indicating the overall health of the market, 1876 fell and 501 advanced, while 117 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.65% to 71.890.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10700. The downside rally could be testing all the way up to 10600-10400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11000 level. Key resistance holds at 11000.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10916.50 -15.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.89%, while the BSE Sensex 30 index lost 0.72%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd, which rose 1.64% or 43.75 points to trade at 2714.25 at the close. Infosys Ltd added 0.82% or 6.50 points to end at 799.45 and Bajaj Auto Ltd was up 0.41% or 11.25 points to 2764.80 in late trade.

Biggest losers included Tata Motors Ltd, which lost 9.57% or 11.85 points to trade at 112.40 in late trade. Yes Bank Ltd declined 8.64% or 6.15 points to end at 65.40 and Indiabulls Housing Finance Ltd shed 8.94% or 46.60 points to 483.55.

The breadth, indicating the overall health of the market, 1763 fell and 608 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 71.498.

CASH FLOW ANALYSIS

FII DII Activity 20th August 2019, In the cash market today, FII’s sold 305 crores stock whereas DII’s bought 386 crores worth of stock. In the derivative market, FII’s sold 72 crore of Index futures and sold 801 crores worth of Index options. In the Stock futures segment, FII’s sold 326 crores worth of stock futures and sold 7 crores stock options.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10850. The downside rally could be testing all the way up to 10700-10600 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11200 level. Key resistance holds at 11200.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11016 -12.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.33%, while the BSE Sensex 30 index declined 0.20%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd., which rose 4.02% or 240.45 points to trade at 6190.95 at the close. Tata Motors Ltd added 2.48% or 3.00 points to end at 123.85 and Infosys Ltd was up 1.91% or 14.85 points to 792.75 in late trade.

Biggest losers included Yes Bank Ltd, which lost 6.65% or 5.10 points to trade at 71.20 in late trade. Britannia Industries Ltd declined 3.24% or 80.40 points to end at 2393.50 and UltraTech Cement Ltd shed 3.23% or 134.45 points to 4033.05.

The breadth, indicating the overall health of the market, 1462 fell and 887 advanced, while 131 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.31% to 71.660.

CASH FLOW ANALYSIS

FII DII Activity 20th August 2019, In the cash market today, FII’s sold 305 crores stock whereas DII’s bought 386 crores worth of stock. In the derivative market, FII’s sold 72 crore of Index futures and sold 801 crores worth of Index options. In the Stock futures segment, FII’s sold 326 crores worth of stock futures and sold 7 crores stock options.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10960. The downside rally could be testing all the way up to 10850-10700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11200 level. Key resistance holds at 11200.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10933.50 +13 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.65%, while the BSE Sensex 30 index declined 1.66%.

The biggest gainers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd, which rose 14.26% or 72.05 points to trade at 573.10 at the close. Reliance Industries Ltd added 9.74% or 113.20 points to end at 1274.75 and Sun Pharmaceutical Industries Ltd. was up 3.87% or 16.35 points to 439.25 in late trade.

Biggest losers included Yes Bank Ltd, which lost 10.89% or 8.95 points to trade at 73.60 in late trade. Mahindra & Mahindra Ltd. declined 5.87% or 32.00 points to end at 512.40 and Bajaj Finance Ltd shed 6.07% or 207.70 points to 3221.85.

The breadth, indicating the overall health of the market, 1586 fell and 824 advanced, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 71.228.

CASH FLOW ANALYSIS

FII DII Activity 13th August 2019, In the cash market today, FII’s bought 203 crores stock whereas DII’s bought 606 crores worth of stock. In the derivative market, FII’s sold 271 crore of Index futures and bought 1196 crores worth of Index options. In the Stock futures segment, FII’s bought 47 crores worth of stock futures and bought 41 crores stock options.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10860. The downside rally could be testing all the way up to 10780-10700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11150 level. Key resistance holds at 11150.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11119.50 +29.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.70%, while the BSE Sensex 30 index added 0.68%.