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MARKET OUTLOOK

We believe Nifty would further consolidate in a broader range of 10,750-11,250 - Religare Sec

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The Message From Red Fort Could be Music For Markets - HDFC Securities

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Nifty-Support & Resistance Of 16 August 2019 - HDFC Securities

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We expect the markets to remain volatile in the near term and maintain our cautious stance - Religare Securities

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BankNifty may face an intraday resistance at 28,180 while downside support comes at 27,850 level - Choice Broking

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Bank Nifty Index too witnessed a gap up opening and with the positive - Angel Broking

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Inability to breach 11090 and a doji candle formation would suggest caution - Geojit Financial

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Daily Market Quote by Mr. Nagaraj Shetti, HDFC securities 14 August 2019

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SECTOR REPORT

Infrastructure Sector Update By Equirus Securities

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Automobiles Sector - Recovery still elusive; Inventory correction a priority By Motilal Oswal

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Plastic Sector - CPVC prices tread higher on customs duty hike By ICICI Securities

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Power Sector - Peak summer and elections drive demand uptick By Emkay Global

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Company Result

Accumulate Axis Bank Ltd For The Target Rs.766 - Axis Bank

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Add Escorts Ltd - SPA Securities

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Add Hero Motocorp Ltd For The Target Rs.2,500 - Yes Securities

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Neutral UPL Ltd For The Target Rs.630 - Motilal Oswal

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