Due to weak start of Asian markets, the Indian benchmark indices are continued to opened on a flat note at 11858.75 up by 18.30 points while Sensex is opened at 40178.93 up by 62.87 points. In Intraday chart, Nifty is trading with negative biasness and made a low of 11802.65 and may persistant with bears till the next support levels of 11710. It is sustaining above 50 days and 200 days moving averages. The RSI is trading at 58.11 which indicates no sign of divergence. Indian rupee opened lower by 2 paise at 72.07 per dollar against previous close of 72.09.
Niftybank: Niftybank is opened on a flat note at 30615.80 up by 74.25 points. Bears are more active in today’s trading session and counter has made the low of 30338.35. The strong support levels are 30350 and 30200. It is sustaining above 50 days and 200 days simple moving average.
Stocks in Limelight:
Bata India: Q2 Result: Revenue up 7.3% at Rs 721.9 crore versus Rs 673 crore, YoY, consolidated net profit up 30.1% at Rs 71.3 crore versus Rs 54.9 crore.
BHEL: Q2 Result: BHEL posted a 42 percent jump in consolidated net profit at Rs 120.95 crore.
Aurobindo Pharma: US FDA completes inspection of Unit IV of Hyderabad facility.
Bharti Airtel, ONGC, Vodafone Idea, SAIL, Grasim Industries, Union Bank of India, Glenmark Pharma, Balkrishna Industries, MTNL, Suzlon Energy, PFC, Reliance Power, Sadbhav Engineering, Dish TV, Godfrey Phillips, Dilip Buildcon, Apollo Hospitals Enterprise, IDFC, NBCC, CESC.