Monday 11 April 2016

Live Stock Market Updates - Nifty hits 7,700 mark

The BSE Mid-cap Index is trading up 0.97% at 10,602, whereas BSE Small-cap Index is trading up 0.60% at 10,666. Some buying activity is seen in telecom, consumer durables, utilities, realty, power, industrial, energy and oil & gas sector, while pharma and FMCG are showing weakness on BSE.

Stock Market Rebounding
At 2:48 PM, the S&P BSE Sensex is trading at 24,931 up 258 points, while NSE Nifty is trading at 7,641 up 86 points. 

The BSE Mid-cap Index is trading up 0.97% at 10,602, whereas BSE Small-cap Index is trading up 0.60% at 10,666.

Bharti Airtel, Adani Ports, BHEL, Tata Motors, Tata Steel and Wipro are among the gainers, whereas Lupin,Cipla, M&M, HDFC, Dr.Reddy's, Coal India and HDFC are losing sheen on BSE.

Some buying activity is seen in telecom, consumer durables, utilities, realty, power, industrial, energy and oil & gas sector, while pharma and FMCG are showing weakness on BSE.

The INDIA VIX is up 1.61% at 16.6975. Out of 1,808 stocks traded on the NSE, 722 declined, 735 advanced and 301 remained unchanged today.

A total of 20 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 3 paise at 66.50/$ on Monday as against the previous close of 66.50/$. Indian rupee regained lost ground, helped by selling of US dollars by the domestic banks. Meanwhile, RBI governor stated that the measures taken by central bank to attain the inflation target of 4% will help in containing the overall volatility.

Shares of Adani Enterprises were trading higher 1% at Rs.78.80 on NSE today. Around 20 lakh shares were traded in a single block.

DLF Ltd stock was up by 2% at Rs. 120. DLF Ltd is seeking expressions of interest from several top global investors to sell a 40% stake in its rental assets arm, says report.

Quick Heal Technologies Ltd surged 6.5% to Rs.228.80 on Monday.The company said in a notice to BSE that CEO and Managing Director of NCS Computech Manohar Malani arrested by Pune Police. The company also said that it has never allotted any shares to NCS Computech.

Shares of Great Eastern Shipping were trading 2.3% lower at Rs.327. The company announced that it has contracted to buy a Secondhand Very Large Gas Carrier (1996 built) of about 76,931 cbm. The Japan-built vessel will be delivered to the company in Q1 FY17.

Infosys dropped marginally 0.32% to Rs. 1164 on BSE. Aberdeen Asset Management Asia has reduced its shareholding in Infosys by selling 56.26 lakh shares in the country's second-largest IT firm, according to reports. 

Bharti Airtel climbed 4% to Rs. 347.30 on Monday. The company has acquired 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, Assam. The top telco has also acquired the right to use Andhra Pradesh and Odisha spectrum.  

Shares of Sun Pharmaceutical are currently trading 0.52% higher at Rs. 816 on BSE after the company yesterday received USFDA nod for BromSite.

Orchid Pharma Ltd has announced that it has received the Establishment inspection report (EIR) from USFDA based on the successful inspection closure for the API manufacturing facility located at Alathur, Kancheepuram District, India. The facility was inspected by USFDA in the month of August 2015. Orchid Pharma Ltd is currently trading at Rs. 39.95, up by Rs. 1.2 or 3.1% from its previous closing of Rs. 38.75 on the BSE.

Shares of BHEL were higher by 2% at Rs. 124. The company has closed the financial year ended 31 March 2016 (FY 2016) with significant traction in growth drivers. Enhanced focus on project execution has resulted in BHEL creating history by way of commissioning/synchronizing an all-time high 15,059 megawatts (MW) of power generating equipment during FY 2016. 

DCM Shriram jumped 14% to Rs.166.10 on BSE. The stock is currently trading on a 52-week high on BSE.  The company experienced a spurt in volumes by more than 12.90 times.

Just Dial surged 7 % to Rs. 814 after the opening bell on Monday. There was a spurt in volumes by more than 1.45 times.

V2 Retail jumped 7% to Rs.52.40 on BSE. The company is planning to achieve 50% jump in its turnover to Rs.450 crore in the next year backed by network expansion, as per media reports.  

Gayatri Projects Ltd has secured a Rs. 340 crore contract for the four laning of a highway from Dimapur to Kohitna in the North-east state of Nagaland from the National Highways and Infrastructure Development Corporation Ltd (NHIDCL) and the Ministry of Road Transport and Highways (MoRTH).Gayatri Projects Ltd is currently trading at Rs. 592, up by Rs. 5.05 or 0.86% from its previous closing of Rs. 586.95 on the BSE.

A2Z Infra Engineering climbed 4.2% to Rs.28.25 after the company has awarded from U.P Rajkiya Nirman Nigam Limited (a State Government Undertaking) vide the letter of award dated April 08, 2016 for the construction of 220/132/33KV GIS GRID sub-station on Turnkey Basis (Survey, Design, Civil Work, Installation, Testing & Commissioning) at Sector-45, Noida. The total value of contact is Rs.100.8 crore.

United Spirit slipped 4.2% to Rs.2,260 on BSE.

L&T Hydrocarbon Engineering, a wholly owned subsidiary of L&T has bagged two orders from PDO Oman. L&T stock gained 0.54% to Rs.1197 on BSE.

Ashoka Buildcon Ltd has announced that the Income Tax authorities have carried out Search and seizure proceedings at the premises of the Company and certain officials under Section 132 of the Income Tax Act, 1961 from April 05, 2016 to April 09, 2016. The Company has extended its full co-operation and provided all the requisite information to the Income Tax authorities. Currently, the stock is trading up 7% to Rs.157.25 on BSE.

Rupa & Company Ltd has informed BSE that Oban Fashions Private Limited, a wholly-owned subsidiary of Rupa & Company Ltd, has on April 07, 2016, entered into a definitive License Agreement with French Connection Limited, whereby the said subsidiary has acquired the exclusive license from French Connection Limited to develop, manufacture, marketing and sale of the innerwear and related products with the Brand name 'FCUK' in India.

IL&FS Transportation Networks Ltd stock was down by 3% at Rs. 76. The company has announced that the Consortium led by ITNL International Pte. Ltd. a wholly owned subsidiary' of the Company in Singapore has been awarded a Concession in Middle East for development of Commercial Area and Automated Car Park of approx. 1200 car spaces on DBFOT Basis including right to collect revenue from the Project for a period of 30 years.

Rajesh Exports jumped 2.8% to Rs.608.70 after the company has received Rs.1,188 crore order from UAE. The order is to be completed by 30th June 2016.This order will be executed at the Company's manufacturing facility in Bangalore.

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