Friday, 30 September 2016

Nifty ends above 8,600 mark

The key benchmark swung between gains and losses but finally closed higher today. After opening on a flat note indices remained under pressure and slipped lower in the first half. Finally, a late bout of buying across realty, oil & gas, metal, industrial, auto, and energy and utilities stocks lifted the benchmarks although the FMCG counters continued to trade soft.

Finally, the BSE Sensex ended with a gain of 38 points at 27,866. It opened at 27,808, touched an intra-day high of 27,955, and hit a low of 27,716.

The NSE Nifty closed with a gain of 20 points at 8,611. It opened at 8,582, hitting a high of 8,637 and low of 8,555.

Sentiments got some support on IMF Managing Director Christine Lagarde stating that India is embarking on significant reforms and will grow at more than 7%.

Among the 50 stocks of the Nifty, Aurobindo Pharma, Bank of Baroda, Grasim, M&M, GAIL, ONGC, Yes Bank and Tata Power were among the gainers, whereas Cipla, Tech Mahindra, Coal India, ITC, Ambuja Cement, Bharti Infratel and Dr.Reddy's were among the losers today.

The small-cap and mid-cap stocks rebounded even as the main indices extended losses after falling the most in 3-months following the nation’s attack on terrorists in Pakistan. In the broader market, the BSE Smallcap index gained over 1.9% while the BSE Midcap index was up 2%.

On the economy front, EPFO has decided to invest 10% of its annual incremental deposits or an estimated Rs.13,000 cr in the current fiscal in equity exchange traded funds (ETFs).

Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.

The India VIX (Volatility) index was down 6.88% at 17.1800. Out of 1,421 stocks traded on the NSE, 1,186 declined and 215 advanced today.

The rupee was trading up by 24 paise at 66.61 per US dollar.

On the global front, Asian stocks fell today as the rally in oil prices subsided and growing worries about the European banking system hit financial shares.

China's Shanghai Composite index inched up 0.23% to 3,005.51 after a private gauge of Chinese factory activity pointed to a modest expansion in September, adding to recent signs of stability. Hong Kong’s Hang Seng and Japan’s Nikkei slipped over 1.5% each.

European stocks are trading lower. The FTSE 100 is down 0.89% while the CAC 40 and DAX have tumbled 1% each.

Cipla dropped 3.4% after the company said the US health regulator issued four observations across three facilities in Goa.

Liquor stocks rallied on the BSE after the Patna HC struck down the Bihar Prohibition of Liquor Act, calling it illegal. United Spirits closed above 6%. United Breweries zoomed 2%.

Alkem Laboratories Ltd tanked 8% after the company received 13 observations from the US Food and Drug Administration (USFDA) after the regulator inspected its manufacturing facility at Daman.

Yes Bank gained 1.9% on its plans to raise up to Rs.2,500 cr by issuing long-term bonds on a private placement basis.

NHPC zoomed 3% after the company signed a power purchase pact with the Government of Rajasthan as well as Inox for a 50 MW wind power project in the state.

Sintex Industries jumped 7.4% to Rs.78 after the company said its board has approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively.

A total of 23 stocks registered a fresh 52-week high in trades today, whereas 55 stocks touched a new 52-week low on the NSE.

Live Stock Market Updates - Sensex rallies over 100 points; Nifty above 8,600 mark

The Indian equity market started off the first day of October series on a positive note, rebounding sharply after previous day's sharp sell-off. The domestic market are trading marginally down on continued selling in view of geo-political tension.

At 2:31 PM, the S&P BSE Sensex is trading at 27,916 up 88 points, while NSE Nifty is trading at 8,571 down 20 points.

The BSE Mid-cap Index is trading up 1.82% at 13,150 whereas BSE Small-cap Index is trading up 1.85% at 12,746.

GAIL, Power Grid, ONGC, Wipro and M&M are among the gainers, whereas Coal India, Cipla, Bharti Airtel and Adani Ports are losing sheen on BSE.

Some buying activity is seen in realty, oil & gas, utilities, auto and energy sectors, while telecom, metal, capital goods and FMCG are showing weakness on BSE.

The INDIA VIX is down 7.62% at 17.0425. Out of 1,870 stocks traded on the NSE, 427 declined, 1,149 advanced and 294 remained unchanged today.

A total of 12 stocks registered a fresh 52-week high in trades today, while 50 stocks touched a new 52-week low on the NSE.

Liquor stocks rallied on the BSE after the Patna HC struck down the Bihar Prohibition of Liquor Act, calling it illegal.

United Spirits Ltd is currently trading at Rs. 2439, up by Rs. 131.55 or 5.7% from its previous closing of Rs. 2307.45 on the BSE. The scrip opened at Rs. 2325 and has touched a high and low of Rs. 2453.55 and Rs. 2325 respectively. So far 850646(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 33534.17 crore.

United Breweries Ltd is currently trading at Rs. 900.05, up by Rs. 22.5 or 2.56% from its previous closing of Rs. 877.55 on the BSE. The scrip opened at Rs. 879 and has touched a high and low of Rs. 908.4 and Rs. 879 respectively. So far 384241 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 23202.42 crore.

The Bihar government had instituted a tough prohibition law to prevent consumption of liquor in the state. Starting April 1 this year, country-made liquor was banned. Then the ban was extended to Indian Made Foreign Liquor, as per media reports.

Radico Khaitan Ltd is currently trading at Rs. 121.7, up by Rs. 9.05 or 8.03% from its previous closing of Rs. 112.65 on the BSE. The scrip opened at Rs. 115 and has touched a high and low of Rs. 123.9 and Rs. 113.25 respectively. So far 1934658 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1498.81 crore.

Tilaknagar Industries Ltd is currently trading at Rs. 17.7, up by Rs. 1.1 or 6.63% from its previous closing of Rs. 16.6 on the BSE. The scrip opened at Rs. 17.2 and has touched a high and low of Rs. 18.1 and Rs. 16.55 respectively. So far 1421840 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 207.1 crore.

Seamec soared 8.8% after the company has entered into an agreement with HAL Offshore (HAL) for deployment of vessel SEAMEC II along with provision of services of ROV, the contract commenced with effect from September 28, 2016.

Lovable Lingerie climbed 2.5% on the BSE. Promoters of Lovable Lingerie Ltd are in talks with private equity funds to sell 15-20% stake in the company, as per media reports.

Alkem Laboratories Ltd tanked 6.5% after the company has received 13 observations from the US Food and Drug Administration (USFDA) after the regulator inspected its manufacturing facility at Daman.

Yes Bank gained 1.3% after the bank is planning to raise up to Rs.2,500 crore by issuing long-term bonds on a private placement basis.

NHPC zoomed 2% after the company has signed a power purchase pact with the Government of Rajasthan as well as Inox Ltd for a 50 mw wind power project in the state.

Lupin inched up 1%. The company said it has received approval from the US health regulator to market its memantine hydrochloride extended-release capsules, used in treating Alzheimer's disease.

Zee Entertainment Enterprises Ltd gained 0.55% after the company announced acquisition of UAE-based radio station. The company already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.

Kotak Mahindra Bank is trading marginally lower on the BSE. ING offloaded a 2.5% stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

Sintex Industries jumped 6% to Rs.77.50 after the company said its board has approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively

Live Stock Market Updates - Nifty trades below 8600 mark

At 9:40 AM, the S&P BSE Sensex is trading at 27,875 up 47 points, while NSE Nifty is trading at 8,602 up 11 points.

The BSE Mid-cap Index is trading up 0.76% at 13,012 whereas BSE Small-cap Index is trading up 0.90% at 12,627.

GAIL, Infosys, Wipro, Sun Pharma, RIL and SBI are among the gainers, whereas Adani Ports, Bharti Airtel, Dr.Reddy's and Cipla are losing sheen on BSE.

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

The INDIA VIX is down 2.19% at 18.0450. Out of 1,850 stocks traded on the NSE, 564 declined, 916 advanced and 370 remained unchanged today.

A total of six stocks registered a fresh 52-week high in trades today, while 42 stocks touched a new 52-week low on the NSE.

Seamec soared 8.8% after the company has entered into an agreement with HAL Offshore (HAL) for deployment of vessel SEAMEC II along with provision of services of ROV, the contract commenced with effect from September 28, 2016.

Lovable Lingerie climbed 2.5% on the BSE. Promoters of Lovable Lingerie Ltd are in talks with private equity funds to sell 15-20% stake in the company, as per media reports.

Alkem Laboratories Ltd tanked 6.5% after the company has received 13 observations from the US Food and Drug Administration (USFDA) after the regulator inspected its manufacturing facility at Daman.

Yes Bank gained 1.3% after the bank is planning to raise up to Rs.2,500 crore by issuing long-term bonds on a private placement basis.

NHPC zoomed 2% after the company has signed a power purchase pact with the Government of Rajasthan as well as Inox Ltd for a 50 mw wind power project in the state.

Lupin inched up 1%. The company said it has received approval from the US health regulator to market its memantine hydrochloride extended-release capsules, used in treating Alzheimer's disease.

Zee Entertainment Enterprises Ltd gained 0.55% after the company announced acquisition of UAE-based radio station. The company already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.

Kotak Mahindra Bank is trading marginally lower on the BSE. ING offloaded a 2.5% stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

Sintex Industries jumped 6% to Rs.77.50 after the company said its board has approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively.

HCL Technologies gained 1%. HCL and IBM said that the companies have entered a 15-year partnership for automation and development and operations.

Jubilant Life Sciences rose 2%. Jubilant Life Sciences has successfully raised $300 million through a sale of unsecured bonds by its pharmaceuticals arm in Singapore, as per media reports.

The rupee opened marginally higher one paise at 66.85/$ against US Dollar Friday as against the previous close of 66.84/$.

Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.

On the economy front, Finance Ministry exuded confidence that currency and stock markets will stabilise in the next few days and decisive action against terrorism will spur growth.

Asian markets are trading mixed. In Japan, the Nikkei 225 fell 1.6%. Hong Kong's Hang Seng slipped 1.3%, while Shanghai Composite is trading in green.

Wall Street closed lower on Thursday. The Dow Jones industrial average slid 1.07% to 18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93% to end at 2,151.13 and the Nasdaq Composite dropped 0.93% to 5,269.15.

US crude futures added 1.7% to USD 47.83, after climbing to as high as USD48.32, the highest level in almost five weeks.

On agenda today are GST Council meet, CPI for Industrial workers and Core Sector growth for August. The rollovers have been below average. Foreign investors have pumped in over Rs.7,000 crore.

Live Stock Market Updates - Sensex, Nifty flat; telecom, FMCG drag

The Indian equity market started off the first day of October series on a positive note, rebounding sharply after previous day's sharp sell-off.

At 9:40 AM, the S&P BSE Sensex is trading at 27,875 up 47 points, while NSE Nifty is trading at 8,602 up 11 points.

The BSE Mid-cap Index is trading up 0.76% at 13,012 whereas BSE Small-cap Index is trading up 0.90% at 12,627.

GAIL, Infosys, Wipro, Sun Pharma, RIL and SBI are among the gainers, whereas Adani Ports, Bharti Airtel, Dr.Reddy's and Cipla are losing sheen on BSE.

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

The INDIA VIX is down 2.19% at 18.0450. Out of 1,850 stocks traded on the NSE, 564 declined, 916 advanced and 370 remained unchanged today.

A total of six stocks registered a fresh 52-week high in trades today, while 42 stocks touched a new 52-week low on the NSE.

The rupee opened marginally higher one paise at 66.85/$ against US Dollar Friday as against the previous close of 66.84/$.

Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.

On the economy front, Finance Ministry exuded confidence that currency and stock markets will stabilise in the next few days and decisive action against terrorism will spur growth.

Asian markets are trading mixed. In Japan, the Nikkei 225 fell 1.6%. Hong Kong's Hang Seng slipped 1.3%, while Shanghai Composite is trading in green.

Wall Street closed lower on Thursday. The Dow Jones industrial average slid 1.07% to 18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93% to end at 2,151.13 and the Nasdaq Composite dropped 0.93% to 5,269.15.

US crude futures added 1.7% to USD 47.83, after climbing to as high as USD48.32, the highest level in almost five weeks.

On agenda today are GST Council meet, CPI for Industrial workers and Core Sector growth for August. The rollovers have been below average. Foreign investors have pumped in over Rs.7,000 crore.

Opening Bell - Sensex, Nifty flat

At 9:15 AM, the S&P BSE Sensex is trading at 27,846 up 18 points, while NSE Nifty is trading at 8,584 down nere seven points.

Asian markets are trading mixed. In Japan, the Nikkei 225 fell 1.6%. Hong Kong's Hang Seng slipped 1.3%, while Shanghai Composite is trading in green.

Wall Street closed lower on Thursday. The Dow Jones industrial average slid 1.07% to 18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93% to end at 2,151.13 and the Nasdaq Composite dropped 0.93% to 5,269.15.

US crude futures added 1.7% to USD 47.83, after climbing to as high as USD48.32, the highest level in almost five weeks.

On agenda today are GST Council meet, CPI for Industrial workers and Core Sector growth for August. The rollovers have been below average. Foreign investors have pumped in over Rs.7,000 crore.

Thursday, 29 September 2016

Nifty shuts below 8,600 mark

Closing Bell:


Finally, the BSE Sensex ended with a loss of 465 points at 27,827. The BSE Sensex opened at 28,423 touched an intra-day high of 28,476 and low of 27,719.

The NSE Nifty closed with a loss of 154 points at 8,591. The NSE Nifty opened at 8,793 hitting a high of 8,801 and low of 8,558.

Live Market:

The Indian equity market tanked over 1% as the Indian Army confirmed that it undertook surgical strikes across Line of Control in Jammu and Kashmir at terror launchpads sending across a very strong message to Pakistan on Wednesday night.

The rupee and 10-year government bond yields are at 1-week low.

The Nifty broke 8,600 level, while the Sensex lost 555 points to trade below 28,000.

DGMO has said there are no plans as of now for further operations.

At 2:29 PM, the S&P BSE Sensex is trading at 27,765 down 528 points, while NSE Nifty is trading at 8,573 down 172 points.

The BSE Mid-cap Index is trading down 3.76% at 12,893 whereas BSE Small-cap Index is trading down 4.43% at 12,461.

TCS, AIA Engineering, Balkrishna Industries and GSPL are among the gainers, whereas ICICI Bank, Adani Ports, Axis Bank and SBI are losing sheen on BSE.

All the NSE sectoral indices were trading in the negative territory.

The INDIA VIX is up 35.71% at 18.7925. Out of 1,876 stocks traded on the NSE, 1,524 declined, 119 advanced and 233 remained unchanged today.

A total of 93 stocks registered a fresh 52-week high in trades today, while 55 stocks touched a new 52-week low on the NSE.

India is well on its way to emerge as a major player in global economy, Finance Minister Arun Jaitley said reacting to the latest WEF’s global ranking. India rose 16 ranks, faster than any other, to climb to 39 in FY17 among 138 countries.

OPEC members agreed to cut output to boost prices despite differences between Iran and Saudi Arabia. Crude oil prices rallied taking with it global equity markets. 

Multi Commodity Exchange of India Ltd is currently trading at Rs. 1353, up by Rs. 106.35 or 8.53% from its previous closing of Rs. 1246.65 on the BSE.

ICICI Prudential Life Insurance Company shares got listed at Rs.330 on NSE.

Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.

Asian markets are trading mixed. In Japan, the Nikkei 225 jumped 1.4%. Hong Kong's Hang Seng and Shanghai Composite are trading in green.

The rupee opened marginally higher one paise at 66.45/$ against US Dollar Thursday as against the previous close of 66.45/$.

Wall Street ended higher on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut crude oil production. As crude oil prices rose. The Dow Jones industrial average rose 0.61% to end at 18,339.24 points and the S&P 500 gained 0.53% to 2,171.37. The Nasdaq Composite added 0.24% to 5,318.55. Brent crude was up 0.4% at USD 48.87 a barrel, adding to overnight gains of 5.9%.

On the economy front, EPFO will invest 8-10% of its annual incremental corpus amounting to nearly Rs.14,000 crore in the equity market this financial year, increasing its investments in stocks, according to the media report.

Sebi allowed commodity derivative exchanges to launch options contracts for trading with the aim of increasing liquidity and attracting more investors to the commodities market.

Nifty hovers around 8750 mark

The Indian equity market opened higher on firm global cues. The domestic market led by energy producers and automakers amid a rally in crude oil prices.

At 10:11 AM, the S&P BSE Sensex is trading at 28,439 up 99 points, while NSE Nifty is trading at 8,779 up 33 points.

The BSE Mid-cap Index is trading up 0.30% at 13,491 whereas BSE Small-cap Index is trading up 0.84% at 13,149.

India is well on its way to emerge as a major player in global economy, Finance Minister Arun Jaitley said reacting to the latest WEF’s global ranking. India rose 16 ranks, faster than any other, to climb to 39 in FY17 among 138 countries.

OPEC members agreed to cut output to boost prices despite differences between Iran and Saudi Arabia. Crude oil prices rallied taking with it global equity markets. 

ONGC, Bajaj Auto, RIL, GAIL, Hero MotoCorp, Coal India, SBI and Adani Ports are among the gainers, whereas Bharti Airtel, Wipro and NTPC are losing sheen on BSE.

Some buying activity is seen in energy, oil and gas, auto, industrial, finance, banking and metal sectors, while telecom sector is showing weakness on BSE.

The INDIA VIX is down 0.34% at 13.8000. Out of 1,869 stocks traded on the NSE, 474 declined, 1,018 advanced and 474 remained unchanged today.

A total of 61 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

Multi Commodity Exchange of India Ltd is currently trading at Rs. 1353, up by Rs. 106.35 or 8.53% from its previous closing of Rs. 1246.65 on the BSE.

ICICI Prudential Life Insurance Company shares got listed at Rs.330 on NSE.

Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.

Asian markets are trading mixed. In Japan, the Nikkei 225 jumped 1.4%. Hong Kong's Hang Seng and Shanghai Composite are trading in green.

The rupee opened marginally higher one paise at 66.45/$ against US Dollar Thursday as against the previous close of 66.45/$.

Wall Street ended higher on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut crude oil production. As crude oil prices rose. The Dow Jones industrial average rose 0.61% to end at 18,339.24 points and the S&P 500 gained 0.53% to 2,171.37. The Nasdaq Composite added 0.24% to 5,318.55. Brent crude was up 0.4% at USD 48.87 a barrel, adding to overnight gains of 5.9%.

On the economy front, EPFO will invest 8-10% of its annual incremental corpus amounting to nearly Rs.14,000 crore in the equity market this financial year, increasing its investments in stocks, according to the media report.

Sebi allowed commodity derivative exchanges to launch options contracts for trading with the aim of increasing liquidity and attracting more investors to the commodities market.

Nifty, Midcap remain higher; ICICI Prudential lists at Rs 329

Equity benchmarks as well as broader markets remained higher on positive global cues and ahead of expiry of September futures & options contracts. 

The 30-share BSE Sensex was up 121.69 points at 28414.50 and the 50-share NSE Nifty gained 37.15 points at 8782.30. The market breadth remained strong as about 1369 shares advanced against 503 declining shares on the BSE. 

Reliance Industries and ONGC remained strong, rising 1-2 percent whereas ICICI Bank fell nearly a percent after subdued listing of insurance subsidiary. 

ITC, HUL, Axis Bank, Bharti Airtel, Wipro and Dr Reddy's Labs were down 0.3-0.8 percent.

 ICICI Prudential Life Insurance Company saw subdued listing today. The stock has opened at Rs 329 apiece, a 1.5 percent discount to issue price of Rs 334.