Vedanta surges over 4%; outperforms major indices

Stocks of Vedanta have witnessed a sudden 
rise in trading on both BSE & N
SE. 

The stocks opened their trade on the last day of the week at Rs 233.80 per share; touched a low of Rs 230.35 per share; & a high of Rs 246.70 per share on NSE.

The stock has witnessed long built up position in today’s trade, as both open interest and share price are surging, indicating an expectation from the derivative segment for the stock to go up further.
It is one of the most actively traded securities with trading quantity clocking at 97,32,880 shares; and traded value standing at Rs 6000.42 lakh on NSE.
 
The stock has outperformed BSE Sensex and BSE Metal index on a yearly basis.
 
BSE Sensex is trading in negative territory, down by over 131 points or 0.42% at 29,904 levels, and following the trend, Nifty is weaker by 44 points or 0.48% at 9297 levels.
 
Although, Indian bourses are trading weak, the stock has outperformed major indices in today’s trade.
 
Stock view:


Vedanta Ltd is currently trading at Rs 243.45, up by Rs 9.55 or 4.08% from its previous closing of Rs 233.9 on the BSE.
 
The scrip opened at Rs 233.5 and has touched a high and low of Rs 246.4 and Rs 230.15 respectively. So far 12440421(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 69344.2 crore.
 
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 278 on 03-Apr-2017 and a 52 week low of Rs 94.05 on 24-May-2016. Last one week high and low of the scrip stood at Rs 238.75 and Rs 227.55 respectively.
 
The promoters holding in the company stood at 62.86 % while Institutions and Non-Institutions held 23.34 % and 13.67 % respectively.
 
The stock is currently trading below its 50 DMA.

Live Stock Market Updates – Markets trade range bound, Metal stocks lose shine, NMDC slips in red

The BSE Metal index is the top losing index post lunch hours on Thursday, with Tata Steel and Hindalco together majorly contributing to the index losses and dragging it to lower levels.
 
The index is trading at 11167 down by 0.76%.
 
The stocks that are dragging the index down are NMDC, Tata Steel, Hindustan Zinc, Hindalco and JSW Steel.
 
NMDC is trading down by 2%, Tata Steel is down by 1.5%, Hindustan Zinc is down by 1.2%, JSW Steel is down by 1% and Hindalco is down by 0.94%.
 
The only stock in the index that is trading in green is Vedanta. The stock is up by 0.19% at Rs 234.
 
At 3 PM, the S&P BSE Sensex is trading at 30,103 down 30 points while NSE Nifty is trading at 9358 up 6 points. A total of 82 stocks registered a fresh 52-week high in trade today, while 18 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.12% at 14779, while BSE Small-cap Index is trading up 0.09% at 15296.
 
Some buying activity is seen in Utilities, Information Technology and Telecom indices, while Metal, FMCG and Healthcare indices are showing weakness on BSE.
 
HCL Tech, Power Grid, ZEEL and IOC are among the gainers, whereas Tata Steel, M&M, Hindalco, Sun Pharma and Grasim are losing on the NSE.
 
The INDIA VIX is down 3.9% at 11.2.

Sensex closes above 30k for the first time ever; Nifty scales 9351

Sensex, which was struggling to touch 30000 mark has finally crossed the 30K mark and seen to be well placed above 30100 level. Sensex closed at 30133 level higher by 190 points. Nifty touched its all-time high of 9367 level in the Wednesday’s trading session. The Nifty has closed higher for the third consecutive trading session at 9351 level up by 45 points




.HDFC and HDFC Bank led the market rally. IT stocks remained under pressure throughout day wherein the Tech Mahindra stock was the biggest loser closed lower by 2.9% at Rs 425.45 per share.

 
The after-market hours brought good news to the commodities traders that the market regulator SEBI approved the introduction of options trading in the commodities market.
 
In the banking space, the Bank Nifty index touched the fresh 52-week high of 22276 level up by 222 points. Punjab National Bank was the eye-catcher among the banking stocks which closed higher by 3.66% at Rs 167 per share. The private sector bank stocks like HDFC Bank, ICICI Bank and Kotak Bank while the public-sector bank stocks like State Bank of India and Punjab National Bank were the top contributors to the Bank Nifty’s gains.
 
The Indian rupee touched its 20-months high of 63.93 per dollar.
 
The shares of Adani Group companies including Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power and Adani Transmission cracked up to 14% in the Wednesday’s trading session.
 
At the time of market closing, the data available with the National Stock Exchange shows that the S Chand IPO got subscribed by 24% on its first day of subscription.
 
One of the most expensive stock on the Indian bourses, MRF Limited closed higher by Rs 2573.4 per share or 3.87% at Rs 69018 per share.
 
Movers and Shakers of the day:
 
Swaraj Engines Ltd closed higher by 12.71% at Rs 1863.65 per share.
 
Nucleus Software Exports Ltd. closed higher by 9.58% at Rs 311.2 per share.
 
Cummins India Ltd. closed higher by 4.15% at Rs 1010 per share.
 
Apollo Hospitals Enterprise Ltd. closed higher by 4.08% at Rs 1216.5 per share.

Nifty ends above 9300 for first time ever, Sensex 57 points away from 30k mark

Benchmark indices NSE Nifty closed at
9306 levels, higher by 88 points or 0.9%, whereas the BSE Sensex closed at 29,943 levels, higher by 287 points or 0.9%. Nifty closed above 9300 for the first time since April 12, 2017.
 Nifty, Nifty bank, Sensex, Nifty Midcap closed at their record high levels on Tuesday
.Nifty Bank crossed its 22,000 mark on Tuesday and has rallied 20.8% on YTD basis, whereas the Nifty delivered 13.3% returns on YTD basis. PSU banks' rally was majorly responsible to drive the

Bank Nifty above the mark of 22000. The index hit the record high of 22070 level, up by 213 points. 

Meanwhile, the BSE Mid-cap Index closed up by 0.9% at 14625 while the BSE Small-cap Index closed up by 0.8% at 15291. 
 
There were 884 advances, 777 declines and 297 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
Bharti Infratel was the top Nifty gainer whereas, Tata Power was the top Nifty loser. 
Jain Irrigation Systems Limited (JISL) rallied 7.2% as the investors cheered the freeing from the ban on trades on futures and options contracts. The stock hit a fresh 52-week high of Rs 119.80 per share as soon as the markets opened on Tuesday. It closed at Rs 116.50 per share higher by Rs 5.50 or 4.9%.
 
The jewellery stocks had a jolly ride on the Indian bourses ahead of the Akshaya Tritiya festival on April 28, 2017.
 
The jewellery stocks including TBZ, Gitanjali Gems, Lypsa Gems, Tara Jewels and PC Jewellers traded higher in Tuesday’s session. TBZ saw the highest jump, closing at Rs 97.25 higher by Rs 7.6 or 8.5%.
 
Movers and Shakers of the day:
 
Indian Bank closed at Rs 309.20 per share, up by Rs 240.5 or 8.4%.
 
Biocon Ltd closed at by Rs 1153.80 per share up by Rs 87 or 8.2%.
 
Bayers Cropscience closed at Rs 4565 per share up by Rs 251.10 or 5.8%.
 
MRF Ltd closed at Rs 66525 per share up by Rs 2832.70 or 4.%.

Nifty closes above 9200 for first time since April 12, Sensex rallies 290 points

Benchmark indices NSE Nifty closed at 9217 levels, higher by 98 points or 1%, whereas the BSE Sensex closed at 29,655 levels, higher by 290 points or 0.9%. Nifty closes above 9200 for first time since April 12, 2017.
 
While, BSE Mid-cap Index closed up 0.7% at 14597 whereas, BSE Small-cap Index closed up 0.9% at 15350. 
 
There were 988 advances, 688 declines and 299 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
ACC Limited was the top Nifty gainer whereas, Lupin Limited was the top Nifty loser. ACC closed at Rs 1608 higher by 7.5%, Lupin closes at Rs 1361 per share down by 3.3%

HDIL surged over 5% as the company announced that it launched a new residential project in Mulund, Mumbai. The stock closed at Rs 91.55 per share, higher by 1.8%. 
 
AGI Infra rallied 11.5% on the BSE as the company announced that it has received approval for project under affordable housing policy 2017. The stock closed at Rs 156 per share higher by 20%.
 
ITI on Monday soared over 15% as the company hitting a high of Rs 104 per share and an intraday low of Rs 96 per share. The stock closed at Rs 105.20 per share higher by 19.9%
 
ITDC, a state-owned company jumped nearly 13% hitting an intraday high of Rs 747 per share and an intraday low of Rs 650 per share. The stock closed at Rs 719.50 per share higher by 14%.
 
Movers and Shakers of the day:
 
Indian Bank closed at Rs 284 per share, up by Rs 23 or 9%%.
 
Bharat Forge closed at by Rs 1135 per share up by Rs 57 or 5.3%.
 
Reliance Power closed at Rs 49 per share up by Rs 2 or 5%.
 
Piram Enterprises closed at Rs 2467 per share up by Rs 117 or 5%.

14 new stocks added to F&O list

Fourteen stocks have been added to the futures and options (F&O) segment in the past week as investor interest in stocks of the mid-cap and small-cap segment picked up pace. Ceat, Oil India, Dewan Housing Finance, Bajaj Finance, Page Industries and Pidilite Industries are among the recent inclusions in the derivatives segment, show notices on the exchanges.

Typically a stock, the value of its trades and activity patterns are monitored for about six months before getting added to the F&O list.Fourteen stocks have been added to the futures and options (F&O) segment in the past week as investor interest in stocks of the mid-cap and small-cap segment picked up pace. Ceat, Oil India, Dewan Housing Finance, Bajaj Finance, Page Industries and Pidilite Industries are among the recent inclusions in the derivatives segment, show notices on the exchanges.

Typically a stock, the value of its trades and activity patterns are monitored for about six months before getting added to the F&O list.

CEAT, Oil India, Dewan Housing, Bajaj Finance, Page Industries and Pidilite Industries are among recent inclusions in F&O segment

Nifty closes lower, broader markets outperform, Power Grid sizzles 5%

Benchmark indices NSE Nifty closed at 9103 levels, 🔽down by 1 points or 0.02%, whereas the BSE Sensex closed at 29,336 levels,🔼 up by 17 points or 0.06%. Nifty extended its losing streak for the 5th consecutive day on Wednesday.
 
While, BSE Mid-cap Index closed down🔽 0.6% at 14390 whereas, BSE Small-cap Index closed 🔽down 0.7% at 14957. The broader market on Wednesday outperformed major equity indices.
 
There were 947 advances, 701 declines and 303 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
Power Grid was the top Nifty gainer whereas, Aurobindo Pharma was the top Nifty loser. 
Shares of Som Distilleries & Breweries surged over 14% on BSE as the company launched is product “Black Fort” beer in the state of Karnataka. The stock closed at Rs 134 per share up by 13 or 11%
 
Power Grid, a company mainly engaged in power transmission business during Wednesday’s trading session sizzled nearly 5% on intraday basis. 
 
The stock witnessed a huge spurt in volume by over 1.67 times, hitting a fresh 52-week high of Rs 212.40 per share on the BSE. The closed at Rs 210 per share higher by 4.2%.🔺

Live Stock Market Updates: Bulls continue to dominate; Adani group stocks surge

Adani Enterprises Limited is trading higher by nearly 25% in the Tuesday’s trading session. The stock is the top open interest gainer on Tuesday. It has witnessed addition in its open interest by 51.3% showing strong long built up position in the stock.
 
Other Adani group stocks are also showing strong positivity in the market. Adani Power Limited is trading higher by 3.6% at Rs 34.1 per share. Adani Ports stock is trading higher by nearly 3% at Rs 329.35 per share. Adani Transmission Limited is also trading up by 6% at Rs 88.15 per share.
 
There are 1140 advances, 486 declines and 324 unchanged stocks on NSE reflecting strong positive undertone in the market.
 
At 1 PM, the S&P BSE Sensex is trading at 29592 up 178 points, while NSE Nifty is trading at 9193 up 54 points. A total of 132 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 0.89% at 14515, while BSE Small-cap Index is trading up 0.93% at 15092.
 
All the sectoral indices on BSE are trading in positive territory.
 
Hindalco Industries Limited, Adani Ports, Tata Steel, Bank of Baroda and IOC are among the gainers, whereas Coal India, Mahindra and Mahindra, Ambuja Cements, Sun Pharmaceuticals and Ultratech Cement are losing sheen on NSE.
 
The INDIA VIX is down 1.76% at 11.68.

Live Stock Market Updates – Nifty trades flat, Sensex up nearly 15 points

Banking stocks are trading weak on Monday. IndusInd Bank is down by 0.6%, HDFC Bank is down by 0.4%, Federal Bank is down by 0.3%, SBIN is down by 0.3%, PNB is down by 0.2% and Yes Bank is down by 0.05%.
 
Meanwhile, Kotak Bank is up by 0.8%, ICICI Bank is up by 0.5% and Bank of Baroda is up by 0.4%.
 
ICICI Bank is the major contributor to the BSE Bankex gains on Monday’s trade.
 
At 11 AM, the S&P BSE Sensex is trading at 29,474 up 13 points, while NSE Nifty is trading flat at 9150. A total of 67 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.2% at 14390, while BSE Small-cap Index is trading down 0.3% at 14932.
 
Some buying activity is seen in Energy, Finance, Utilities and Oil & Gas, while Power, Bankex and Auto and Telecom indices are showing weakness on BSE.
 
Dr Reddy’s Lab, IOC, HDFC and Adani Ports are among the gainers, whereas Infratel, Sun Pharma, Hindalco, Ambuja Cement and Asian Paints are losing on the NSE.
 
The INDIA VIX is up 3.5% at 11.

Weak trade on D-Street, Infosys tanks on poor Q4 results

 Benchmark indices NSE Nifty closed at 9150 levels, down by 52 points or 0.5%, whereas the BSE Sensex closed at 29,461 levels, down by 182 points or 0.6%. 
 
While, BSE Mid-cap Index closed up 0.03% at 14350 whereas and the BSE Small-cap Index closed up 0.1% at 14881.
 
There were 787 advances, 856 declines and 308 unchanged stocks on NSE, reflecting fairly bearish undertone floating in the market.
 
IOC was the top Nifty gainer whereas, Hindalco was the top Nifty loser in Thursday’s trading session closing at Rs 422 per share up by 3% and Rs 183 per share down by 5% respectively.
 
All eyes were on the Infosys stock since the company came up with its financial results for the quarter ended on March 31, 2017.
 
Infosys reported standalone results for the quarter, registered a miss versus street estimates. Revenue for the quarter came in 13.4 % lower than the estimated figure of Rs. 17235 crores. Also, net profit for the quarter came in 0.2 % lower than the estimated figure of Rs. 3570 crores.
 
The stock was reeling under pressure throughout the day. The stock closed at Rs 933 per share down by 3.6%.
 
The BSE Metal index was the top losing index on Thursday’s trading session with Vedanta Limited contributing nearly 70% to the index down fall.
 
Vedanta Limited closed at Rs 244 per share down by Rs 14 per share or 5.4%.

Opening Bell – Nifty opens flat with slightly negative bias; Infosys top Nifty gainer

At 9:15 AM, the BSE Sensex opened lower by six points at 29637, while the Nifty50 opened lower by one points at the 9202 mark.
 
Infosys is the top Nifty gainer and Tata Power is the top Nifty loser in the morning hours on Thursday. Infosys is trading higher by 1.5% at Rs 983.9 per share whereas Tata Power is trading lower by 1.23% at Rs 84.5 per share.
 
There are 812 advances, 597 declines and 488 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
 
For Nifty index, the levels of 9,245 and 9,280 may prove as a short-term resistance levels, whereas the level of 9,150 is likely to act as a short term support.
 
The rupee opened at 64.44 per dollar up by 24 paise.
 
The US stocks fell for a second day in a row on Wednesday as lingering geopolitical concerns weighed on investor’s sentiment. The Dow Jones Industrial Average shed 59 points to end at 20,592. The Nasdaq Composite Index slipped 30 points and S&P 500 dropped 9 points. 
 
Asian markets declined on Thursday. Japan’s Nikkei 225 declined for a third session after the yen rose to the strongest in almost five months. Hong Kong’s Hang Seng has slipped 102 points and China’s Shanghai Composite has shed 4 points in morning trade.