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MARKET OUTLOOK

Market Quote by Mr. Nagaraj Shetti, HDFC securities 13 December 2019

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Nifty, BankNifty-Support & Resistance of 13 December 2019 - HDFC Securities

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We expect the positive momentum to continue towards 32000 - 32160 - Angel Broking Pvt Ltd

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Markets set to open higher as trade clouds disburse - HDFC Securities

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Nifty futures closed at 12028.65 with a gain of 0.76% on Thursday - Geojit Financial

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Nifty moved up towards 12000 as expected yesterday - Geojit Financial

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We are expecting a downside movement in the index up to the level of 31,050 - Choice Broking

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The downside rally could test up to 11800 level. Key support holds at 11800 - Enrich Commodities

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SECTOR REPORT

Telecom Sector - The trend continues: VIL loses while Jio and Bharti gain By Emkay Global

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Metals & Mining Sector - Slowdown likely to continue in Q3; expect recovery in Q4 By Emkay Global

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BFSI Sector - Challenges galore as macros weaken; better stick to quality By Emkay Global

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IT Sector - In-line results; Macros remain key watchable By Emkay Global

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Company Result

Hold Glenmark Pharmaceuticals Ltd For Target Rs.366 - Geojit Financial

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Hold VA Tech Wabag Ltd For Target Rs.176 - ICICI Securities

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Hold Zee Entertainment Ltd For Target Rs.389 - Emkay Global

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Update On Escorts Ltd by SPA Securities

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