Weak global cues led Indian indices to trade weak. SENSEX closed at 18020, down 126 points and Nifty at 5418, down 34 points from the previous close. CNX MIDCAP index was down 0.9% and BSE SMALLCAP index was down 0.8%. The market breadth was negative with advances at 366 against declines of 911 on the NSE. Top gainers included BHARTIARTL, TCS, INFOSYS, ITC, ACC, CAIRN, AMBUJACEM and SUNPHARMA. Top losers are listed as MARUTI, HEROHONDA, JAIPRA, SBIN and DLF. AUTO sector appeared as major loser while IT-SECTOR appeared as gainer.

Next Day Trading Session:

RBI CREDIT POLICY and RIL QUATERLY RESULTE might affect market sentiments ion the next trading session and Indices may maintain volatility due to F&O expiry ahead. However 5390 may act as a strong support for NIFTY sustaining below this level it may face heavy selling pressure. 5470-5510 might be the resistance level. CAPITAL GOODS and IT may attract buying

EXPECTED BULLISH STOCKS

ALBK
EXIDE
IFCI
MPHASIS
INFOSYSTCH
TCS
ICICIBANK
LICHSGFIN
HDFCBANK
M&MFIN
BAJAJ-AUTO
FORTIS
SUNPHARMA
LUPIN
ACC
SESAGOA
BHEL
BHARTIARTL

EXPECTED BEARISH STOCKS

MARUTI
SBIN
BHUSANSTL
DLF
RELCAPITAL
BANKINIDA
ABIRLANUVO
BIOCON LT
BGRENERGY
HDIL
INDIANB
PATNI
JPASSOCIATE
IBREALEST

Fundamental Picks

Investors who have a horizon of 6-12 months can buy the following companies. The companies have potential to
give higher returns than index over a long term.

Corporate Highlights

Ramco Systems has announced a global partnership with IDBLUETM. Ramco Systems will provide end to end RFID solutions within the aerospace sector for the purpose of MRO, aircraft and component, data identification, tracking, enhanced line maintenance and performance based utilization.

Page Industries has entered into the new licensing agreement with Jockey International, Inc up to 31 December 2030. Under this new agreement, UAE will be added to the list of existing markets.

Fortis Healthcare has signed a definitive agreement with Integrated Healthcare Holdings, the investment arm of Khazanah Nasional to sell its entire stake in Parkway Holdings at S$3.95 per share in cash.