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Nifty opened a positive gap up today at 14449.45 on 26th Apr 2021, Index was very bullish the whole day, and made a day high of 14557.50 and closed at a very important level 14485.00. Resistance for nifty is 14650 (closing basis). And support is 14300. Click here for a Market Update:https://www.imperialfin.com/market-updates/ Remember to join our Telegram Channel: https://t.me/imperialfin
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 14341.35 14449.45 14557.50 14421.30 14485.00 1.00%
Sensex 47878.45 48197.37 48667.98 48152.24 48386.51 1.06%
Nifty opened positive gap up today at 14449.45 on 26st Apr 2021, Index was very bullish whole day, and made a day high of 14557.50 and closed at very important level 14485.00. Resistance for nifty is 14650 (closing basis). And support is 14300.
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26th Apr 2021
Sectorial Performance
0.41%
1.00%
0.87%
1.30%
1.74%
0.46%
0.16%
3.40%
2.01%
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00%
NIFTYFMCG
NIFTYIT
NIFTYPHARMA
NIFTYFINSERVICE
NIFTYBANK
NIFTYAUTO
NIFTYMEDIA
NIFTYREALTY
NIFTYMETAL
SECTORS CHANGE %
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26th Apr 2021
Top Trending News
➢ ICICIBANK
Net profit of ICICI Bank rose 261% to Rs 4,403 crores.
The bank still missed the street estimates.
Net interest income (NII) rose 17% to Rs 10,431.13 crores.
Gross non-performing assets (NPA) stood at 4.96% of the total advances compared to 5.42% in the December quarter.
The results were declared over the weekend.
➢ HCL Tech
Net profit of the company fell 6.1% to Rs 2,962 crores.
Revenue was recorded at Rs 19,642 crores, down 5.7%.
The total interim dividend of Rs. 16 per share will be paid on May 19. The record date is May 1.
This includes a first interim dividend of Rs.6 per share and a special interim dividend of Rs.10 for FY 2021-22.
The results were delcared after markets closed on Friday.
➢ ONGC
ONGC has been asked by the petroleum ministry to sell stake in producing oil fields to private firms, get foreign partners for its KG Basin fields, monetise infrastructure and create a separate firm for its drilling and other services.
➢ Zuari Agro
One of the plants of Zuari Agro, (NPK B Plant) has been shut down since April 24 due to the unavailability of raw materials.
26th Apr 2021
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Stocks in Action
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6.15%
5.10%4.33%
3.79% 3.71%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
ICICIPRULI ICICIGI AXISBANK VEDL ICICIBANK
TOP GAINERS
3.33% 3.23%3.04%
2.81%
2.23%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
DABUR CIPLA BRITANNIA HCLTECH AUROPHARMA
TOP LOSERS
26th Apr 2021
Corporate Actions
➢ Nestle India Limited (AGM/Dividend Rs 65 Per Share on 29th Apr)
➢ Rain Industries Limited (AGM 30th Apr)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value DII 23 Apr 2021 5151.62cr 3456.03 cr 1695.59 cr
FII/FPI 23 Apr 2021 6729.46 cr 8090.22 cr -1360.76 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.
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26th Apr 2021
UFLEX. Sector: Plastic Products
Important Parameter
MARKET CAP PE EPS BOOK VALUE PROFIT GROWTH ROE ROCE 2769.67 CR 13.82 27.74 335.03 % 3.19 % 6.51 CR 10.11 CR
FUNDAMENTALS.
➢ Company’s PEG ratio is 0.08.
➢ The company has an efficient Cash Conversion Cycle of 66.19 days.
➢ The company has a good cash flow management; CFO/PAT stands at 3.69.
Stock Entry price Positional target
UFLEX 380 450
26th Apr 2021
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COSMOFILMS. Sector: Plastic Products
Important Parameter
MARKET CAP PE EPS BOOK VALUE PROFIT GROWTH ROE ROCE
1152.97 CR 6.42 98.84 456.62 % 5.61% 15.96 CR 14.66 CR
FUNDAMENTALS.
➢ Company’s PEG ratio is 0.07.
➢ The company has an efficient Cash Conversion Cycle of 43.90 days.
➢ The company has a good cash flow management; CFO/PAT stands at 1.82.
Stock Entry price Positional target
COSMOFILMS 640 730
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26th Apr 2021
Disclaimer
This document has been prepared for IMPERIAL MONEY PVT. LTD. by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Money 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 Money Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
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26th Apr 2021
