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Jun 26, 2018

Market Live: Sensex, Nifty open flat; IT stocks outperform as rupee dips to 68.53/$


Asian shares traded mixed amid trade concerns.

Benchmark indices traded flat in the opening on Wednesday despite weakness in Asian stocks due to trade tensions.

The Sensex rose 37.63 points to 35,527.67 while the Nifty fell 0.90 points to 10,768.30.

Bharti Infratel, Zee Entertainment, NTPC, UltraTech Cement, Dr Reddy's Labs, Reliance Industries and HDFC Bank are under pressure.

Aurobindo, Sun Pharma, M&M, Tata Motors, HCL Technologies, Infosys, Yes Bank, Titan Company, Kotak Mahindra Bank and Tech Mahindra are early gainers.

Nifty Midcap and Bank indices are flat.

IndusInd Bank hit fresh record high, up 0.24 percent.

Bata India, Godrej Consumer, Hexaware and Jubilant Foodworks also hit new high.

Future Retail, Majesco and Mphasis gained.

Fortis Healthcare, IDBI Bank, Adani Enterprises and Ashok Leyland fell 0.5-3 percent.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-nifty-open-flat-it-stocks-outperform-as-rupee-dips-to-68-53-2638651.html
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Opening Bell (27 June 2018)


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Closing Bell (26 June 2018)


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Jun 25, 2018

Oil India gains 1% on hydrocarbon discovery in KG Basin, Andhra Pradesh


The company through its exploratory efforts has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in the month of May 2018 at well Thanelanka-l in Andhra Pradesh.Shares of Oil India rose 1.5 percent intraday Tuesday as company made hydrocarbon discovery in KG Basin, Andhra Pradesh.

The company through its exploratory efforts has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in the month of May 2018 at well Thanelanka-l in Andhra Pradesh.

Earlier, a gas discovery was made at well Dangeru -lin Andhra Pradesh in the block.

The well Thanelanka-1 is the first High Pressure - High Temperature (HP-HT) well drilled by the company and has encountered multiple sands in Gollapalli Formation of Late Jurassic-Early Cretaceous and one zone in Raghavapuram Formation of Intra Cretaceous.


On testing, the HP-HT zone in the depth range 4912-5159 m in Golapalli Formation produced gas at 1300 scmd through 16/64" bean choke. Presently, the well is under further testing.

At 11:50 hrs Oil India was quoting at Rs 210.60, up Rs 2.50, or 1.20 percent.

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Source:https://www.moneycontrol.com/news/business/oil-india-gains-1-on-hydrocarbon-discovery-in-kg-basin-andhra-pradesh-2634381.html
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INTERNATIONAL MARKET UPDATE


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MCX SUPPORT & RESISTANCE LEVEL

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NCDEX SUPPORT & RESISTANCE LEVEL


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