Stock Equity Best Live Trading Tips And Fundamental News Report

Stock Market News and Analysis:

Benchmark Indices witnessed a continued selling pressure throughout the day as across the board selling weighed in. Nifty settled at 10989.45, down by 279.55 points and for coming session its key support is at 10900 while on higher side its resistance is at 11100.

Headlines for the day:

• Force Motors Limited Feb Domestic Sales declined 19% to 2,000 units.

• Life insurance company (LIC) has raised its stake in Cipla from 2.5% to 4.52% from April 17, 2018  to March 3, 2020.

• Lemon Tree Hotels has inked a license agreement for a 62-room hotel at Agra.

Key stocks:

• IndusInd Bank informed that IndusInd International Holdings Ltd. and IndusInd Ltd., promoters of IndusInd Bank Ltd, plan to acquire, additional shares from open market in lndia within the overall regulatory prescribed promoter equity holding cap, privtle sector barks

• Vodafone Idea informed that following the approval of the Board of Directors of the Company at its meeting, the Company has today filed its self-assessment of the AGR liabilities with the Department of Telecommunications (DoT).

• Mahindra and Mahindra share prices declined in the morning trade after it posted production and sales numbers for February 2020. The company's February production went down 56% yoy to 25,643 vehicles against 58,231 vehicles in the same period last year.

• Pidilite Industries Limited declined after the company has incorporated a joint venture company in the name of Pidilite C-Techos Walling on Thursday to carry on the business of construction of building works or any other structural or architectural work of any kind using C-Techos wall technology, manufacturing of ACC panels and other ancillary products.

• Dr. Reddy's Laboratories Limited has announced that the audit of its API Manufacturing Plant - 5 at Miryalaguda, Nalgonda District, Telangana, by the US Food & Drug Administration, has been completed on Thursday. The pharma company has been issued a Form 483 with 3 observations, as per the filing. The company said that it will address them comprehensively within the stipulated timeline.

• Lupin Limited announced the launch of the authorized generic for Horizon Therapeutics PLC's Vimovo (naproxen/esomeprazole magnesium) delayed-release tablets, 375 mg/20 mg and 500 mg/20 mg in the U.S.

• The RBI has restricted withdrawal from capital-starved Yes Bank at Rs50,000 in the next one month. However, the RBI stated that it may allow payment of over Rs50,000 to Yes Bank.

Calls for Tomorrow:

• CALL: SELL TATAMOTORS EQ BELOW 112.80 TARGETS 111.65/110.50/109.40 SL 113.95

Description: Stock form consolidation on intraday chart and settled with bearishly bias. Hence rally is expected below the mentioned level.

• CALL: SELL ITC EQ BELOW 179.75 TARGETS 177.95/176.15/174.35 SL 181.55

Description: Stock settled near its immediate support with bearishly bias. Hence breakout is expected ahead.