For the stock market trading session on 16 October 2019, major support level of Nifty is expected to be in the range of 11,340 to 11,290 whereas major resistance level is expected to be in the range of 11,555 to 11,600. Considering the prevailing condition of the market, here are top stocks to watch for 16 October 2019
Bandhan Bank Limited:
As on 15 October 2019 share prices of Bandhan Bank Limited (BANDHANBNK) jumped over 12 percent intraday ahead of its inclusion in the MSCI index. Gruh Finance also closed positive.
Yes Bank Limited:
On 15 October 2019 share prices of Yes Bank Limited (YESBANK) traded positive after selling stake in Fortis Healthcare. It closed at 40.75 with overall gain of 1.62 percent on daily basis.
Share prices of DLF Limited (DLF) closed positive for consecutive third trading session, during the session it made high of 159.40 which was highest in October month. In the past three trading sessions its prices jumped nearly 10 percent.
Eicher Motors Limited:
As on 15 October 2019 Nifty Auto index ended up 2.23 percent as shares price of Eicher Motors Limited (EICHERMOT) ended 4.69 percent higher. During the session it made a high of 19300 which was highest since 25 September 2019.
On 15 October 2019 Wipro Limited (WIPRO) posted Net profit higher than estimated. It reported net profit of 25.53 billion rupees versus 18.89 billion rupees a year earlier. It closed positive for consecutive fifth trading session.
JSW Energy Limited:
JSW Energy gained over 7 percent intraday on Tuesday, a day after the committee of creditors approved the company's resolution plan for Ind-Barath Utkal. The stock has traded Rs. 64.00 at its highest and Rs. 63.30 at its lowest during the day.
Oil & Natural Gas Corporation Limited:
As on 15 October 2019 share prices of Oil & Natural Gas Corporation Limited (ONGC) ended 2.70 percent higher intraday and Nifty Energy index closed gaining 1.11 percent.
Havells India Limited:
As on on 15 October 2019 share prices of Havells India Limited (HAVELLS) jumped over 3 percent intraday after the company said rating agency “CARE” has reaffirmed "CARE AAA" on Havells' long-term bank facilities and "CARE A1+" on the short-term bank facilities.
Share prices of Vedanta Limited (VEDL) jumped more than 5 percent intraday on 15 October 2019. The stock has traded Rs. 155.90 at its highest and Rs. 144.50 at its lowest during the day.
TV18 Broadcast Limited:
On 15 October 2019 Jain TV18 Broadcast Limited (TV18BRDCST) opened on a negative note, during the session jumped over 5 percent ahead of net profit raised in quarter as compare to previous year, however it closed with marginal loss of 0.68 percent on daily basis.