Nifty hovering around 8600 levels ahead of Union Budget

As major indices continue to slide down after opening in red, taking cues from global markets, Power stocks gain. Power Grid and ONGC are the top BSE Power index gainers, with Power Grid contributing 53% to the index gains.
 
Benchmark Sensex is sliding by 135 points and NSE Nifty slipping below 8600 levels ahead of the Economic Survey due later this day.
 
At 11 AM, the S&P BSE Sensex is trading at 27,743.02 down 106.54 points, while NSE Nifty is trading at 8589.85 down 42.90 points. A total of 28 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.30% at 12962.11, whereas BSE Small-cap Index is trading down 0.33% at 13026.08.
 
Some buying activity is seen in FMCG, Telecom, Utilities, and Power indices while Industrials, Automobile, IT, Bankex, Consumer Goods, Consumer Durables indices are showing weakness on BSE.
 
Idea, Tata Power, ONGC, Bharti Airtel and Power Grid are among the gainers, whereas Infratel, Grasim, Gail, Coal India, Infosys and HCL Tech are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is up 1.26% at 16.88.

Markets opened down ahead of budget day

At 9:15 AM, the BSE Sensex opened higher by 18.36 points at 27867.92, while the Nifty50 opened lower by 3.3 points at the 8629.45 mark.
 
There are 12 advances and 38 declines and 1 unchanged stock at the opening bell on Tuesday.
 
The rupee opened at 67.84 per dollar up by 11 paise.
 
The European markets ended the first session of the new trading week firmly in red. Market participants were concerned after US President Donald Trump imposed a travel ban on the entry of refugees and people from seven Muslim-majority countries over the weekend. The DAX of Germany plunged 1.12% to close at 11681.89 levels and the CAC 40 of France fell 1.14% to close at 4784.64. The FTSE of the UK declined by 0.92% to close at 7118.48.  
 
The US stocks posted their biggest decline for 2017. The Dow Jones Industrial Average closed below the psychological 20,000 mark, dropping 123 points to end at 19,970 and the S&P 500 shed 13 points to close at 2,280. The Nasdaq Composite Index skidded 47 points to finish at 5,613.
 
The Asian markets are trading in a negative territory on Tuesday, tracking a sell-off in the US stocks overnight. Japan’s Nikkei 225 trading lower by 257.94 points at 19110.91. 
 
The SGX Nifty index is trading lower by 17 points at 8637, indicating a flat to negative start for the Indian markets. Market participants will be keenly awaiting the Economic Survey that will be tabled in the Parliament today.

Markets ended flat with a negative bias; Bharti Airtel and Reliance were the top Sensex gainers

The day started with Nifty opening down by 5.70 points and Sensex opening down by 15.66 points respectively. BSE Mid-cap and Small-cap indices opened with minor gains of 3.99 points and 6.68 points respectively.
 
Nifty touched intraday high of 8662.60 levels at the lunch hours, but could not sustain there for long time, closing flat at 8635.55 level, down by 5.6 points or 0.06%. Sensex closed at 27849.56 levels down by 32.90 points or 0.12%.
 
Out of 50 stocks in Nifty 50 index, 18 stocks advanced and 33 stocks declined.
 
Telecom stocks gained the most based on confirmation by Vodafone about merger talks with Idea Cellular. Telecom stocks gained as the merger between two of the largest telecom players augurs well for the industry profitability and structure. Reliance Communications closed up by 11.33%; Idea closed up by 26.54%; and Bharti Airtel closed up by 7.36%.
 
IT stocks continued to be under pressure. Nifty IT closed in red at 10170.65 levels, down by 11.20 points or 0.11%. Heavyweight player from the IT bunch, TCS closed at Rs 2338.85 per share, down by Rs 18.95 per share or 0.80%.
 
Reliance Industries closed up by 2.01%; Asian Paints closed up by 0.71%; Sun Pharma closed up by 0.66%; and Infosys closed up by 0.52%
 
Tata Motors along with Tata Steel were the biggest losers, contributing most to the Sensex downfall.
 
ONGC, SBI and Hero MotoCorp lost more than 1% each in Monday’s trading session.

Telecom Index gains; Idea up by 26%

Idea and Bharti Airtel are contributing more than 90% to the Telecom index gains. Idea touched a high of Rs 100.40 per share up by Rs 22.6 per share or 29%. The stock is the star performer of the day.
 
There are 1241 advances, 1338 declines and 199 stocks unchanged on BSE. Volatility in the market has increased ahead of Budget 2017.
 
BSE Auto index is the top loser trading at 22046.45 level down by 154.90 points or 0.70%. In spite of index trading in red, Exide Industries, Cummins India Limited Bharat Forge and Mother Son Sumi are gaining in the auto sector.
 
At 02:00 PM, the S&P BSE Sensex is trading at 27894.9 up 12.44 points, while NSE Nifty is trading at 8650.55 up 9.30 points. A total of 46 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.31% at 13004.98, whereas BSE Small-cap Index is trading down 0.03% at 13103.91.
 
Some buying activity is seen in Teck, Realty, Healthcare, Telecom and Capital Goods while Oil & Gas, Information Technology, Finance and Auto are showing weakness on BSE.
 
Idea, Bharti Airtel,Sun pharma, Grasim and Dr Reddy are among the gainers, whereas Auro Bindo, Tata Motor, Infratel, Hcl tech and Wipro are losing sheen on NSE.
 
The INDIA VIX is up 3.68% at 16.59.

Markets trade cautious; Telecom stocks soar; IT, Metal and Auto stocks drag

Pharma, Realty and Auto sectors opened flat on NSE. IT sector is showing weakness. Heavyweight stocks from IT sector, TCS, Infosys and Wipro are pulling the IT index down.
 
The Metal index is trading at Rs 11734.51, and is down by 71.71 or 0.61%, in Monday's opening session. Hindalco is the major stock dragging the index down, and is contributing 25% to index losses.
 
Hindalco is down by 1.10%, Vedanta Steel is down by 0.83%, Hindustan Zinc is down by 0.73%, Tata Steel is down by 0.72% and National Aluminium is down by 0.57%.
 
Telecom stocks are soaring on bourses due to possibilities of some major mergers among the industry players.
 
Idea Cellular is up by 7.5%, Bharti Airtel by 3.51%, Tata Communication is up by 2.52%, TTML is up by 2.38% and Reliance Communication is up by 2.27%.
 
At 10:00 AM, the S&P BSE Sensex is trading at 27864.59 down 16.71 points, while NSE Nifty is trading at 8632.45 down 8.80 points. A total of 36 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.05% at 12958.21, whereas BSE Small-cap Index is trading down 0.10% at 13099.21.
 
Some buying activity is seen in FMCG, Healthcare, Telecom and Capital Goods while Oil & Gas, Energy, Finance are showing weakness on BSE.
 
Idea, Bharti Airtel, SUNPHARMA, GRASIM and LT are among the gainers, whereas Wipro, NTPC, Hindalco, Tata Steel and BPCL are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is up 2.99% at 16.48.

Markets firmly closed at higher levels showing a strong positive bias

Nifty opened at 8499.45 level, up by 23.65 points or 0.27%. Sensex opened at 27462.83, gaining 174.5 points or 0.63%. Broader markets also opened with gains.
 
The market remained at higher levels for whole day. Nifty touched a high of 8612.60 level and managed to close above 8600 level at 8602.75. Though there were uncertainties in the market owing to expiry of derivatives contract of January series, Nifty firmly closed at higher level.
 
There were 874 advances, 589 declines; and 85 remained unchanged in Wednesday’s trading session, showing strong positive bias floating in the market.
 
IT sector is still witnessing the pressure. Nifty IT closed at 10164.45 level losing 37.15 points or 0.36%. TCS outperformed the IT index to close in green, up by 1.67%.
 
Nifty Private Bank was leading the bunch of sectoral indices on NSE. The index closed at 10812.55 level, gaining 2.54%. Kotak Bank was the top gainer in the private banks. The stock closed at Rs 793.90 per share, up by Rs 50.55 per share or 6.80%.
 
BSE Finance emerged as top gainer in Wednesday’s session, and closed up by 2.59%. HDFC contributed 25% to the index gains and pushed the index to higher level.
 
IT, Telecom, Utilities, Power and Teck were showing weakness on BSE with Telecom being the top loser.
 
All the European major indices are currently trading in green. CAC 40 is trading up by 8.62 points and DAX is trading up by 49.18 points.

Nifty rises steadily, crossing 8550 mark

Broader markets are trading strong in Wednesday's trading session, where Nifty and Sensex have crossed the 8550 and 7550 marks respectively, whereas Sensex surged 200 points.

Paper stocks are flying high on the bourses. INTERNATIONAL PAPER AMMP Limited touched high of Rs 323.25 per share, up by Rs 7.5 per share or 2.37%. PUDUMJEE PULP & PAPER MILLS LIMITED has touched high of Rs 22.40 per share, up by Rs 1.20 per share or 5.66% and Ruchira Paper is up by 4.01%.

BSE IT index has recovered in luch hours and is trading in green, with TCS contributing the most to the gains of the index.

At 2 PM, the S&P BSE Sensex is trading at 27558.51, up by 182.88 points, while NSE Nifty is trading at 8550.75, up 74.95 points. A total of 78 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap index is trading up 0.65% at 12766.72, whereas BSE Small-cap index is trading up 0.72% at 12930.37.
 
Some buying activity is seen in Consumer Durables, Bankex, Metal, Capital Goods and Auto indices while Healthcare, Telecom and Utilities indices are showing weakness on BSE.
 
Kotak Bank, Bosch Ltd., Zeel, HDFC, Yes Bank, Adani Ports, Axis Bank, Bank of Baroda, Ambuja Cements and ACC are among the gainers; whereas Bharti Airtel, Wipro, Tech Mahindra, Reliance, Idea, Gail, HCL Tech, Infosys, NTPC and Tata Motor DVR are losing sheen on NSE.
 
The INDIA VIX is down by 1.90% at 15.

Nifty is hovering around 8500 levels

Both Nifty and Sensex are hovering around 8,500 and 7,500 levels respectively, in Wednesday's trading session. Broader markets opened in green and are maintaining their positions.

BSE Consumer Durables index is buzzing on bourses and constantly gaining. COMPTON GRIEVES is contributing upto 74% to the sectoral index's gains.

We see BSE Utilities sectoral index is underperforming the broader markets with majority of stocks in the sector losing on bourses. Inspite of heavyweight, TATA POWER being in green the index troubling and is in red.

At 12.00 PM, the S&P BSE Sensex is trading at 27518, up by 142.76 points, while NSE Nifty is trading at 8523.65, up 47.85 points. A total of 67 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap index is trading up 0.45% at 128024.53, whereas BSE Small-cap index is trading up 0.78% at 13030.67.

Some buying activity is seen in Consumer Durables, Bankex, Metal, Capital Goods and Auto indices while Healtcare, Telecom and Utilities indices are showing weakness on BSE.

Zeel, HDFC, Kotak Bank, Axis Bank, Bosch Ltd., Yes Bank, Hero MotoCorp, Adani Ports, LT and Tata Steel are among the gainers; whereas Idea, Bharti Airtel, Tech Mahindra, M&M, Wipro, Reliance, Dr. Reddy's, Cipla, BHEL and Auro Pharma are losing sheen on NSE.

The INDIA VIX is down by 4.38% at 14.62.

Markets open in green ahead of F&O expiry

At 9:15 AM, the BSE Sensex opened higher by 85.43 points at 27461.01, while the Nifty50 opened higher by 23.65 points at 8499.45 mark.
 
Rupee opens lower at Rs 68.17 per dollar as compared to previous close at Rs 68.15 per dollar.
 
European markets closed with mixed results. Eurozone’s composite Purchasing Managers Index (PMI) declined to 54.3 in January 2017 from 54.4 in December 2016. Germany’s economy appears to have slowed down as its PMI fell to four months low of 54.7 in January 2017 from 55.2 in December 2016. The DAX of Germany increased 0.43% and the CAX 40 of France rose 0.18%. The FTSE 100 of the UK declined 0.01%.
 
The US stocks closed higher on Tuesday owing to strong corporate earnings. The S&P 500 and the Nasdaq Composite closed at new record highs on Tuesday; while the Dow Jones Industrial Average resumed its march towards the psychologically important 20,000 mark, finishing less than 90 points away from the milestone.
 
Most of the Asian markets are trading in the green on Wednesday following optimistic lead from the US market, wherein the Japanese Nikkei 225 surged over 1 per cent, followed by Hang Seng. China’s Shanghai Composite is trading with minor losses of 0.04 per cent.
 
The SGX Nifty index gained 32 points trading above 8500 mark.

Auto sector gains; Ashok Leyland up by 2.2%

Nifty Auto is the leading index across sectoral indices on NSE. The index is trading at 9770.80 level gaining 105.80 points or 1.09%.
 
Ashok Leyland is the top performer in the Auto sector. The stock is trading at Rs 88.20 per share up by Rs 1.90 per share or 2.20%. Bosh limited gained 2.02%. Bajaj auto gained 1.70%.
 
At 02:00 PM, the S&P BSE Sensex is trading at 27307.99 up 190.65 points, while NSE Nifty is trading at 8450.95 up 59.45 points. A total of 62 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.48% at 12705.54, whereas BSE Small-cap Index is trading up 0.62% at 12900.14.
 
Some buying activity is seen in Energy, Finance, Healthcare, Utilities and Telecom while Information Technology, FMCG and Teck are showing weakness on BSE.
 
Realty, FMCG and IT sectors are trading in red on NSE while all other sectors are trading in green.
 
There are 1029 stocks advancing, 550 stocks are declining while 328 are unchanged on NSE.
 
IDEA, BHEL Tata Power, NTPC and ULTRATECH CEMENT are among the gainers, whereas Yes Bank, Hindustan Unilever, Bharti Airtel, Infosys, HCL TECH are losing sheen on NSE.
 
The INDIA VIX is down 2.14% at 15.56.

Top 14 stocks in focus today: Tata Communications, Infratel, MOIL

Tata Communications: Tata Communications posted an over 12-fold jump in its December quarter net profit at Rs 1,413 crore on account of realisation from sale of its data centre. It had posted a net profit of Rs 110.7 crore in the same period a year ago.

Bharti Infratel: Mobile tower company Bharti Infratel reported 25% increase in consolidated net profit to Rs 620 crore for the December quarter of the current fiscal. It had posted net profit of Rs 495 crore in the same period of last fiscal, 2015-16.

MOIL: Government will sell 10% stake in state-owned manganese miner MOIL on Tuesday at a floor price of Rs 365 a share, which will fetch around Rs 480 crore to the exchequer.

Hindustan Unilever Ltd: HUL reported 7% increase in standalone net profit to Rs 1,038 crore for the third quarter of current fiscal on account of strong exceptional income. HUL had posted net profit of Rs 972 crore in the October-December quarter of last fiscal.

Asian Paints: Asian Paints registered 1.5% increase in consolidated net profit at Rs 489 crore for the third December quarter of the current fiscal. It had posted net profit of Rs 482 crore in the corresponding quarter last year.

Den Networks: Den Networks reported narrowing of consolidated net loss at Rs 45 crore for the third quarter ended December 31. The company had posted consolidated net loss of Rs 87.4 crore in the same quarter of the previous fiscal.

Sun Pharmaceutical Industries: Sun Pharma is looking to sell its US subsidiary, Ohm Laboratories, as it looks to consolidate its operations in the country, as per media report.

GIC Housing Finance: GIC Housing reported a 12.6% increase in its net profit at Rs 34 crore for the third quarter ended December. The company's net profit stood at Rs 31 crore in the corresponding October-December quarter of 2015-16.

EIH Ltd: EIH posted 8% increase in its standalone net profit to Rs 54.31 crore for the third quarter ended December 31, 2016. It had posted a net profit of Rs 50.15 crore for the corresponding period of the previous fiscal.

Karnataka Bank: The bank reported a fall of 29% in net profit at Rs 68.5 crore for the third quarter ended December 31, 2016 as higher allocation to cover bad loans eroded benefits. Bank's net profit in corresponding October-December quarter of 2015-16 stood at Rs 96.9 crore.

L&T Infotech: L&T Infotech has posted a consolidated net profit of Rs 248 crore in the December quarter, up 10.5 per cent from Rs 224.5 crore in the same period last year.

Trent: The company said net profit increased 14% to Rs 37.22 crore in the quarter ended December 31.

Great Eastern Shipping: The company's unit received contract to sell a platform supply vessel.

IFCI: The board has approved disinvestment of entire 45.5% stake in Hardicon.

Nifty opened above crucial 8400 level

At 9:15 AM, the BSE Sensex opened higher by 32 points at 27149, while the Nifty50 opened higher by 11 points at 8402 mark.
 
The rupee opened at 68.08 per dollar gains 12 paise.
 
The European markets got off to a weak start on Monday, as traders had their first opportunity to react to Donald Trump’s inauguration speech. The DAX of Germany dropped 0.73% and the CAX 40 of France fell 0.60%. The FTSE 100 of the U.K. declined 0.66%.
 
The US stocks closed down on Monday as a clutch of corporate quarterly results came out mixed. The Dow Jones Industrial Average closed down 27 points at 19,800, the S&P 500 fell 6 points to close at 2,265 and the Nasdaq Composite Index closed down 2.39 points at 5,552.94. 
 
Asian markets are trading hesitant on Tuesday, following the dull lead from the US market, while Japanese shares are trading in the negative territory after the yen hit a two-month high against the dollar.
 
The SGX Nifty index gained 16-point trading at 8,430, indicating a flat to positive opening for the Indian markets. Investors will react to Hindustan Unilever third quarter numbers which came in after market hours on Monday. HDFC Bank and Bharti Airtel are some of the major companies that are set to post their quarterly earnings today
 
HCL TECH is trading down by Rs 16.85 per share.
 
Asian Paints is trading down by 0.58%.
 
Yes Bank is trading up by 1.1%.
 
Bank of Baroda is up by 0.97%.
 
HDFC Bank is trading up by 0.83%.

Markets post a breakdown amid banks’ results and global cues

Indian stock markets extended losses where both Nifty and Sensex tumbled as much as 1%. Nifty hit below 8350 mark and closed at 8346 while Sensex shed 274 points and closed just above 27000 mark at 27034.

Nifty closed below 8350 for the first time in 8 sessions. The whole pessimism was driven ahead of Trump’s inauguration later in the day and after Janet Yellen's cues on a steady outlook on rate hikes.

Broader markets slightly underperformed by losing 1.5% and 1.3% in Midcap and Smallcap index.

Market breadth remained highly negative with 847 advances and 1856 declines.

The PSU Banking sector fell 3% on the back of free fall in Canara and Allahabad Bank.

Metal, Media and Realty sectors tumbled more than 2%.

FMCG closed flat where the fall was followed by Mcdowell-N and ITC gaining 1.7% and 0.5% respectively.

Telecom sector stocks continued to rally where IDEA and Bharti Airtel remained top gainers while Axis Bank extended losses and remained among the top losers.

Movers & Shakers in today’s trade:


AXIS BANK :- The bank dragged the index the most by losing more than 7% of its price on Friday.

HAVELLS :-  The mid cap stock closed up by more than 3% on a down day.

M& M FINANCE :- The stock closed down by more than 6% in line with the mood of the market.

Stock view:-

Axis Bank Ltd is currently trading at Rs 450.5, down by Rs 33.2 or 6.86% from its previous closing of Rs 483.7 on the BSE.

The scrip opened at Rs 460 and has touched a high and low of Rs 461 and Rs 448.1 respectively. So far 32112432(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 115679 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 638 on 07-Sep-2016 and a 52 week low of Rs 373.3 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs 491.65 and Rs 455.2 respectively.

The promoters holding in the company stood at 28.91 % while Institutions and Non-Institutions held 57.8 % and 8.93 % respectively.

The stock is currently trading below its 200 DMA.

Markets cautious ahead of Trump's swearing in ceremony

BSE Small cap index opened flat in the morning on Friday at 12925.01 level. Arshiya limited is the top gainer among the Small cap stocks. The stock is trading at Rs 40.10 per share, up by Rs 6.65 per share or 19.88%.
 
Havells India limited is leading the bunch of Mid cap stocks. The stock is trading at Rs 402.70 per share, up by Rs 16.50 per share or 4.27%.
 
Idea Cellular limited is buzzing on the bourses. The stock is the top gainer among the large cap stocks. It is trading at Rs 72.15 per share gaining 4.02%.
 
At 12:45 PM, the S&P BSE Sensex is trading at 27192.79 down 115.81 points, while NSE Nifty is trading at 8406.05 down 29.05 points. A total of 42 stocks registered a fresh 52-week high in trade today, while 6 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.34% at 12743.37, whereas BSE Small-cap Index is trading down 0.07% at 12927.30.
 
Some buying activity is seen in FMCG and Media while all other sectors are showing weakness on NSE.
 
There are 656 stocks advancing, 905 are declining and 345 are unchanged on NSE.
 
Idea, Bharti airtel, Ultra Tech cement, Grasim and Yes bank are among the gainers, whereas Axis Bank, Tata Motors, ONG,  ICICI Bank and Infratel are among the losers on NSE. 
The INDIA VIX is up 1.71% at 15.27.