Nifty Remains Choppy between 8700 and 8633

The Nifty opened at 8639 this morning, 13 points above its closing on the 30th of October (Mahurat Trading). The index then went on to make a low of 8633 before recovering sharply midway through the day’s trade. The Index displayed immense strength towards the second half of the day’s trade when it made a high of 8705. The short bout of buying however could not be sustained and Nifty slipped below its previous high of 8687. The benchmark index later closed at 8650, 24 points above its previous close of 8626. Top gainers today were Eicher Motors, Hindalco, Tatasteel, NTPC and HDFC.

TOP NIFTY GAINERS

Symbol	LTP	%	Traded	Value	Open	High	Low	Prev.
		Change	Qty	(in Lakhs)				Close
EICHERMOT	25,256.00	5.16	88,462	22121.83	24350	25520.9	24301.35	24016.95
HINDALCO	156.9	4.77	1,77,20,927	27759.83	150.5	159.5	149.7	149.75
TATASTEELL	417.6	3.19	94,71,668	39371.83	404.85	423.95	401.1	404.7
NTPC	155.35	2.85	33,99,010	5,223.60	151.7	156.55	150.7	151.05
HDFC	1,416.00	2.79	41,95,569	59,364.78	1,382.60	1,431.75	1,377.00	1,377.50
INFRATEL	355.55	2.32	26,67,615	9482.84	352.7	358.4	347.55	347.5
BHEL	141.8	2.01	70,66,800	10,023.55	140	143.5	138.6	139
BOSCHLTD	22,295.00	1.91	15870	3523.92	21900	22377.6	21815	21,876.20
AMBUJACEM	244.15	1.64	45,36,722	11,027.41	239.7	245.7	238.5	240.2
INDUSINDBK	1,212.85	1.49	17,07,549	20607.9	1197	1221	1186.25	1195

TOP NIFTY LOSERS

Symbol	LTP	%	Traded	Traded	Open	High	Low	Prev.
		Change	Qty	Value				Close
				(in Lakhs)
AXISBANK	475.1	-2.58	1,04,25,548	49,982.16	488.05	488.05	474.45	487.7
SUNPHARMA	734	-1.88	25,66,651	18,960.88	749	749	732.1	748.1
KOTAKBANK	804.4	-1.86	11,75,512	9,512.95	819.9	819.9	804	819.65
CIPLA	570.5	-1.43	8,80,843	5,049.52	579.45	579.45	570.1	578.75
ZEEL	511.2	-1.4	18,49,912	9,525.94	521.7	522.45	507.6	518.45
TCS	2,359.05	-1.34	14,67,388	34,801.45	2,399.70	2,399.70	2,334.15	2,391.05
TECHM	433.85	-1.33	46,43,934	20,116.13	436	436	429.55	439.7
AUROPHARMA	807.5	-1.29	11,08,116	9,053.20	824.8	826.75	806.8	818.05
YESBANK	1,251.00	-1.21	16,24,798	20,434.43	1,273.45	1,273.45	1,247.10	1,266.35
INFY	990.4	-1.17	31,66,399	31,422.08	1,006.80	1,006.80	986.4	1,002.10

Dynamic Sector Performance 01st November 2016

Auto- Tyres and Tubes, Fertilisers, Airlines, Paper are some of the top performing sectors of today's trading session.

A quick View of the Sectors

Hot Picks of the Day

Bank of Japan- Bank of Japan (BOJ) said it would keep its deposit rate steady at -0.1 per cent, and would continue to target a zero yield for 10-year Japan government bonds. Its only notable move was to push back the timeline for achieving 2 per cent inflation by one year, to fiscal 2018.

Tata Stocks Bounce Back- Tata group stocks today showed signs of recovery after three days of continuous decline, rising up to 5.6 per cent, on value-buying at a lower level. The group stocks had lost value over the last three days, taking the total market value erosion to over Rs 26,000 crores, amid concerns over sudden ouster of Cyrus Mistry as chairman of Tata Sons, the main holding firm for the group companies.

NSE High Volumes Stock Performer List

List of Top gainers on 01st November 2016

List of Top losers on 01st November 2016

BSE Sensex fell 53.60 points, or 0.19 per cent, to close at 27,876.61; Nifty closed up 0.55 point, or 0.01 per cent, at 8,626.25

Source: www.dynamiclevels.com

Top 6 Firms lose Rs 26K cr in Mcap, Infosys knock Hard

The combined market value of 6 of the top 10 most valued Indian companies took a knock of Rs 26,191.04 crore last week, with Infosys taking the biggest hit.

TCS, Reliance, HDFC Bank, Infosys, SBI and HUL witnessed erosion of their market capitalization or M-Cap for the week.

ITC, ONGC, HDFC and Coal India (CIL) racked up gains.

• Infosys- The market capitalization of Infosys dipped by Rs 8,177.13 crore to Rs 2,30,268.70 crore. On 1st Nov, Infosys share price touched its new 52 week low value at Rs. 989.20. The stock is trading at Rs. 992.45. The stock was down 2.6 per cent against 0.95 per cent rise in the Sensex, since October 14, after the India’s second-largest software exporter has cut its annual revenue forecast for the second time in three months.
• TCS & RIL- The Market cap of TCS plunged by Rs 6,719.16 crore to Rs 4,71,838.67 crore. TCS share price dipped 0.70 per cent intraday on Tuesday. TCS disclosed an 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30 and announced uncertainties in environment had resulted in holdbacks in discretionary spend by customers.

On the other hand, RIL tanked by Rs 4,281.08 crore to Rs 3,40,930.18 crore. RIL share price is seen to trade at Rs. 1052.60.

HDFC Bank- It’s M-Cap rallied down by Rs 4,238.48 crore to Rs 3,19,146.10 crore. The stock opened at Rs. 1256.00.

HUL- The market capitalization of HUL fell by Rs 2,348.24 crore to Rs 1,81,853.18 crore. The scrip is trading at Rs. 838.00.

SBI-The M-Cap of SBI fell by Rs 426.95 crore to Rs 2,00,163.21 crore. Meanwhile, SBI 0.51 announced a cut of 0.15 per cent in their lending rates respectively under a new system of computation, signaling a further dip in borrowing costs ahead of the busy season.

ONGC- On the other hand, ONGC’s valuation surged by Rs 8,512.72 crore to Rs 2,48,066.44 crore. Today, the stock is trading below 0.61 per cent.

CIL and HDFC- The market value of CIL increased by Rs 8,021.78 crore to Rs 2,05,913.48 crore whereas that of HDFC went up by Rs 7,024.94 crore to Rs 2,18,723.53 crore.

ITC- The Market cap of ITC rose by Rs 2,567.4 crore to Rs 2,93,063.16 crore. The scrip rolled above 0.08 per cent.

In the ranking of top 10 firms on the domestic market cap chart, TCS maintained its top position, followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, CIL, SBI and HUL. For the past week, the Sensex dropped 135.67 points, or 0.48 per cent, while the Nifty lost 55.05 points, or 0.63 per cent.

Resource: https://www.dynamiclevels.com/en/blog/top-6-firms-lose-rs-26k-cr-in-mcap-infosys-knock-hard

Top 6 Firms lose Rs 26K cr in Mcap, Infosys knock Hard

The combined market value of 6 of the top 10 most valued Indian companies took a knock of Rs 26,191.04 crore last week, with Infosys taking the biggest hit.

TCS, Reliance, HDFC Bank, Infosys, SBI and HUL witnessed erosion of their market capitalization or M-Cap for the week.

ITC, ONGC, HDFC and Coal India (CIL) racked up gains.

• Infosys- The market capitalization of Infosys dipped by Rs 8,177.13 crore to Rs 2,30,268.70 crore. On 1st Nov, Infosys share price touched its new 52 week low value at Rs. 989.20. The stock is trading at Rs. 992.45. The stock was down 2.6 per cent against 0.95 per cent rise in the Sensex, since October 14, after the India’s second-largest software exporter has cut its annual revenue forecast for the second time in three months.
• TCS & RIL- The Market cap of TCS plunged by Rs 6,719.16 crore to Rs 4,71,838.67 crore. TCS share price dipped 0.70 per cent intraday on Tuesday. TCS disclosed an 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30 and announced uncertainties in environment had resulted in holdbacks in discretionary spend by customers.

On the other hand, RIL tanked by Rs 4,281.08 crore to Rs 3,40,930.18 crore. RIL share price is seen to trade at Rs. 1052.60.

HDFC Bank- It’s M-Cap rallied down by Rs 4,238.48 crore to Rs 3,19,146.10 crore. The stock opened at Rs. 1256.00.

HUL- The market capitalization of HUL fell by Rs 2,348.24 crore to Rs 1,81,853.18 crore. The scrip is trading at Rs. 838.00.

SBI-The M-Cap of SBI fell by Rs 426.95 crore to Rs 2,00,163.21 crore. Meanwhile, SBI 0.51 announced a cut of 0.15 per cent in their lending rates respectively under a new system of computation, signaling a further dip in borrowing costs ahead of the busy season.

ONGC- On the other hand, ONGC’s valuation surged by Rs 8,512.72 crore to Rs 2,48,066.44 crore. Today, the stock is trading below 0.61 per cent.

CIL and HDFC- The market value of CIL increased by Rs 8,021.78 crore to Rs 2,05,913.48 crore whereas that of HDFC went up by Rs 7,024.94 crore to Rs 2,18,723.53 crore.

ITC- The Market cap of ITC rose by Rs 2,567.4 crore to Rs 2,93,063.16 crore. The scrip rolled above 0.08 per cent.

In the ranking of top 10 firms on the domestic market cap chart, TCS maintained its top position, followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, CIL, SBI and HUL. For the past week, the Sensex dropped 135.67 points, or 0.48 per cent, while the Nifty lost 55.05 points, or 0.63 per cent.

Source: www.dynamiclevels.com