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Nifty opened with a positive gap up today at 13393.85 on 8th December 2020, Index made a new all-time high of 13435.45, we have seen a small profit booking in mid-market session. Nifty closed with a strong bull movement at 13392.95, index played in an uncharted directory and the data is very bullish for next trading session. 13500 is meager resistance and 13300 is a good support for Nifty.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 13355.75 13393.85 13435.45 13311.05 13392.95 +0.28%
Sensex 45426.97 45568.80 45742.23 45335.17 45608.51 +0.40%
Nifty Bank 30211.55 30300.00 30363.80 30025.20 30261.90 +0.17%
Nifty opened with Positive gap up today at 13393.85 on 8th December 2020, Index made a new all-time high of 13435.45, we seen a small profit booking in mid-market session. Nifty closed with a strong bull movement at 13392.95, index played in uncharted directory and the data is very bullish for next trading session. 13500 is meager resistance and 13300 is a good support for Nifty.
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08th December 2020
Sectorial Performance
0.14%
0.17%
0.17%
0.05%
0.00%
0.93%
1.23%
1.18%
0.34%
0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40%
AUTO (9,297.85)
BANK (30,261.90)
FINANCIAL SERVICE (14,384.70)
FMCG (32,849.85)
IT (22,617.40)
MEDIA (1,612.50)
METAL (3,122.35)
PHARMA (12,407.30)
REALTY (284.80)
SECTORS CHANGE %
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08th December 2020
Top Trending News
CHINA'S PREMIER LI: WILL MAKE EFFORTS TO KEEP CHINA'S ECONOMIC OPERATIONS WITHIN REASONABLE RANGE
INDIA HEALTH SECRETARY SAYS INDIA WILL USE 154,000 HEALTHCARE WORKERS FOR COVID-19 VACCINATIONS
TATA STEEL: S&P REVISES CO OUTLOOK TO 'STABLE' FROM 'NEGATIVE'; RATING 'B+'
INDIA TOP COURT: SETS DEC 9 AS NEXT HEARING DATE FOR LOAN MORATORIUM CASE
JSW STEEL: SHORTAGE OF IRON ORE REMAINED A CONSTRAINT IN NOV TO ACHIEVE HIGHER CAPACITY UTILISATION
ICICI BANK: CO TO SELL UPTO 71.21 LAKH SHARES OR 2.21% STAKE IN ICICI SECURITIES VIA OFS TO MEET MINIMUM PUBLIC SHAREHOLDING NORMS
STEEL PRICES: HIKED BY RUPEES 1500/T, AFTER RUPEES 2500/T EARLIER IN 1ST WEEK OF DECEMBER
TATA VS MISTRY CASE: TATA SONS COUNSEL TO SC - AS PER OUR CALCULATIONS, THE PALLONJI GROUP SHAREHOLDING IN TATA SONS WORTH NOT MORE THAN RS 70,000 CR TO RS 80,000 CR. PALLONJI GROUP CLAIMS VALUE OF OVER RS 1.75 LAKH CR OF ITS 18% SHAREHOLDING IN TATA
HDFC: CO TO ISSUE 20B RUPEES DEBENTURES AND WITH AN OPTION OF OVER SUBSCRIPTION UPTO 30B RUPEES
BOSCH: CO SEEING SUPPLY SHORTAGE OF IMPORTED SEMICONDUCTORS || SUPPLY SHORTAGE AFFECTING PRODUCT SUPPLY IN INDIA
08th December 2020
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Stocks in Action
08th December 2020
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13.57%
8.40%
4.97% 4.37%3.19%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
PNB BANKBARODA DMART HDFCAMC ULTRACEMCO
TOP GAINERS
2.34%2.21% 2.11%
1.98%
1.39%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
SUNPHARMA HINDALCO PETRONET LUPIN INDUSINDBK
TOP LOSERS
Corporate Actions
RUBYMILLS The Ruby Mills Limited (AGM Annual General Meeting 08th December)
RVNL Rail Vikas Nigam Limited (Dividend Rs 1.14 Per Share 08th December)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value
DII 7 Dec 2020 4287.14 cr 7054.23 cr -2767.09 cr FII/FPI 7 Dec 2020 8796.14 cr 5004.08 cr 3792.06 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
08th December 2020
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Top Picks for Tomorrow
Bandhan Bank Ltd. Sector: Bank- Private.
Important Parameters:
MARKET CAP PE EPS BOOK VALUE PROFIT GROWTH CAR% ROCE 14394.22 CR. 23.92 16.88 103.50% 27.78% 27.43 CR. 24.62 CR.
FUNDAMENTALS
The bank has been maintaining a healthy ROA of 3.86% since last 3 years.
Company has a good Return on Equity (ROE) track record: 3 Years ROE 20.44%.
The company has been consistently maintaining a NIM of 7.35% since last 3 years.
The Bank is prominently managing its Non-Performing Assets, Average NET NPA of last 3 years is 0.58%.
Stock Current market price
Positional
target
BANDHANBNK
400
456
08th December 2020
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TVS Srichakra Ltd. Sector: Tyres & Allied.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 1303.84 CR 31.12 54.72 -13.84% 4.11% 336.27 CR 11.13 CR
FUNDAMENTALS.
The company has an efficient Cash Conversion Cycle of 73.94 days.
The company has a good cash flow management; CFO/PAT stands at 1.64. TECHNICALS
Stock made a cup pattern on Daily chart and brake its past 6 month high. A cup is considered a bullish signal
extending an uptrend, and is used to spot opportunities to go long.
Stock Current
market price
Positional target
TVSSRICHAK 1700 1900
08th December 2020
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Disclaimer
This document has been prepared for IMPERIAL FINSOL PVT. LTD . by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Finsol Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Finsol Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
08th December 2020
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