Indian 50-stocks bundle opened on a flat note at 12219.55 to negative sentiments and the Sensex is opened at 41707.21. The Nifty is trading between gains and losses. It made a low of 12156.15 and if Nifty breaks the previous day low of 12144.30 then it may reaches to the next support level of 12070. On hourly chart it is sustaining above 50 days and 200 days moving averages. Nifty futures open interest down by 2.4%, sheds 3.2 lakhs shares in open interest across the series. The overall market breadth is tilted in the favor of sellers as 890 stocks are declined and 726 shares are advanced. Among sectors, except IT, psu banks and media, all the sectors are trading under pressure. In hourly chart, the RSI is trading at 55.34 level with no sign of divergence. Indian rupee opened at 71.38 per dollar against the previous close of 71.34 per dollar.
Niftybank: It is opened on a gap up note at 31586.55 up by 93.65 points. A sleek fall is seen in the stock and made a low of 31282.10. Nifty Bank futures open interest down by 0.3%, sheds 4000 shares in open interest across the series.
Stocks in Limelight:
IRCTC: Q3 Result:The company profit jumps 179.66% to Rs 205.8 crore, revenue rises 64.59% to Rs 715.98 crore YoY.
DISHTV: Q3 Result: The company loss at Rs 96.4 crore versus loss of Rs 198.6 crore, revenue dips 42.8 percent to Rs 867.8 crore YoY.
ASHOK LEYLAND: Q3 Result: The company profit falls 93 percent to Rs 27.7 crore, revenue dips 36.5 percent to Rs 4,015.6 crore YoY.
Results Today: BPCL, Vodafone Idea, Apollo Hospitals Enterprise, Adani Transmission, Viceroy Hotels, HOEC, Polyplex Corporation, Lux Industries, Jaiprakash Associates, Sunflag Iron, Time Technoplast, GMDC, Cords Cable, Vadilal Industries, Sanghvi Movers, Kohinoor Foods, MM Forgings, Tribhovandas Bhimji Zaveri, Aksh Optifibre, Malu Paper Mills, Burnpur Cement, TNPL, Tera Software, Tantia Constructions, IFCI, Hindustan Aeronautics, Premier Explosives, PBA Infrastructure, Shreyas Shipping, GMR Infrastructure, Arshiya, Tilaknagar Industries, SJVN, Allcargo Logistics, Signet Industries, Deccan Cements, HIL, S Chand and Company, Mcleod Russel, MIRC Electronics, Autoline Industries, Future Retail, Godrej Industries, Winsome Yarns, Page Industries, Talbros Automotive, Igarashi Motors, Ruby Mills, Gillette India, Jindal Poly Films, Hindustan Copper, Tanla Solutions, Vardhman Textiles, ITDC, PC Jeweller, Dhanuka Agritech, Atul Auto, Bombay Burmah Trading Corporation, Marathon Nextgen Realty, Shree Renuka Sugars, Skipper, Vakrangee, Mukta Arts, Himadri Speciality Chemical, Lovable Lingerie, Mawana Sugars, Gujarat State Petronet, Asian Granito India, KNR Constructions, Phillips Carbon Black, Lincoln Pharmaceuticals, Suven Life Sciences, Arrow Greentech, Lemon Tree Hotels, Mercator, Deepak Fertilizers, Gujarat Industries Power Company.