HDFC twins and Reliance emerged as top Nifty gainers on Wednesday.  On the sectoral front, Nifty Bank and Nifty mid-cap indices ended at their record high. 
 
Benchmark indices NSE Nifty closed at 9407.30 up by 90 points, whereas BSE Sensex closed higher by 314 points at 30,258 on Wednesday.
 
Telecom companies such as Idea Cellular and Bharti Airtel rose to higher levels in trade. Bharti Airtel was the top index gainer rising 8%. Nifty bank underperforms in today’s trading session as PSU banks trade under pressure.
 
BSE Mid-cap index closed higher by 0.87% at 14,853. BSE Small-cap index closed higher by 0.75% at 15,561. India VIX closed lower by 0.6% at 11.04 levels.
 

Among the companies which announced their financial results today were 8K Miles Software, Zee Entertainment, Hero Motocorp, Capital First and Siemens.
 
Bharti Airtel, an Indian global telecommunications services, on Wednesday’s trading session rose 10% on the NSE despite the telecom major posted a 69% drop in profit for the January-March quarter, which it announced on Tuesday, as newcomer Reliance Jio had launched a price war putting pressure on its earnings.
 
Bharti Airtel hit a high of Rs 380.05 per share and a low of Rs 336.95 during Wednesday’s trading session. It closed at Rs 373 per share, up by 7.96% on the BSE.
 
Mumbai-headquartered, Marksans Pharma in its filing to the exchanges said that the company’s Goa plant has been approved by UK Medicines and Healthcare Products Regulatory Agency (UK MHRA) and can start supplying all drugs to the UK.
 
The plant was inspected between February 14-17. The stock soon after the announcement rallied 16.6% on the NSE. The stock closed at Rs 54.30 per share, up by 12.77% on the BSE.
 
The shares of Hindustan Unilever Limited (HUL), an Indian consumer goods company based in Mumbai on Wednesday’s trade rallied as much as 5% on the bourses, scaling new record highs after a global brokerage firm upgraded shares of parent company Unilever PL. The stock closed at Rs 993.20 per share, up by 4.32% on the BSE.
 
Jubilant Industries on Wednesday put up a stellar performance as the stock of the company rallied 13.5% on the NSE. The stock hit an intraday high of Rs 326.95 per share and an intraday low of Rs 292.30 per share. The stock closed at Rs 311 per share, up by 8% on the BSE.
 
Movers and Shakers of the day:
 
Mirza International closed higher by 14.46% at Rs 133.35 per share.
 
Marksans Pharma closed higher by 12.77% at Rs 54.30 per share.
 
ABB India closed higher by 5.02% at Rs 1615.05 per share.
 
Adani Enterprises closed higher by 4.61% at Rs 123.65 per share.

Nifty closed below 9300; Sensex slips from 30K mark

Nifty closed at 9285 levels down by 74 while Sensex closed lower by 267 points at 29858 levels in Friday’s trading session. India VIX closed at 11.94 levels higher by 5.4%.
 
There were 418 advances, 1246 declines and 289 unchanged stocks on NSE reflecting strong negative bias floating in the markets.

PSU Banks were trading higher in the morning hours on Friday. The stocks were trading close to its 52-week high. The Canara Bank from the PSU Bank stocks was the star performer in the Friday’s trade, it touched intraday high of Rs 416 per share higher by 7%.
 
The private bank stock, Federal Bank Limited touched its fresh 52-week high of Rs 120 per share up by 6.6%.
 
The broader market indices also have shown weakness in the Friday’s trading session. The BSE Mid-cap index closed lower by 1.09% at 14718 levels while BSE Small-cap index closed lower by 0.84% at 15355 levels.
 
Movers and Shakers of the day:
 
Dilip Buildcon Limited closed higher by 7.48% at Rs 459.55 per share.
 
Gujarat Ambuja Exports Limited closed higher by 5.81% at Rs 140.25 per share.
 
Indiabulls Ventures Limtied closed higher by 4.98% at Rs 118 per share.
 
Indiabulls Housing Finance Limited closed higher by 2.65% at Rs 1103.45 per share.

Nifty ends just above 9350, Sensex closes above 30K, ICICI Bank top Nifty gainer

Nifty closed higher by 47 points at 9359 levels. Sensex closed higher 231 points at 30126 level. Both the benchmark indices, Nifty and Sensex were trading in the green zone throughout the day. Hindalco, HCL Tech and Tata Motors were the top contributors to Nifty losses.
 
BSE Mid-cap index closed higher by 0.48% at 14880. BSE Small-cap index closed higher by 0.36% at 15485. India VIX closed lower by 1.69% at 11.3 levels.
 
Among the private bank stocks players, ICICI Bank was the top gainer. It closed at Rs 297.95 up by 9.24%. Axis Bank closed at Rs 518.90 up by 3.63%.
 
The fertiliser stocks like FACT, NFL, RCF and Coromandel International were buzzing on the bourses at the closing hours. The Fertilisers and Chemicals Travancore Limited closed at Rs 60.80 up 0.41%, National Fertilizers Limited closed at Rs 85.70 up by 4.7% and Coromandel International closed at Rs 398.30 up by 7.30%.
 
Other buzzing stocks which were trading in green throughout the day were Sudarshan Chemical Industries, TIL and ITC.
 
Movers and Shakers of the day:
 
ICICI Bank closed higher by 9.24% at Rs 297.95 per share.
 
TIL closed higher by 12.05% at Rs 364.90 per share.
 
Coromandel International closed higher by 7.30% at Rs 398.30 per share.
 Sudarshan Chemical Industries closed higher by 11.28% at Rs 407.10 per share.

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%.

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.

Sensex, Nifty end in red; Axis Bank up 4%

Closing Bell:

 

The Indian stock markets closed little changed but gained for the third straight week led by a rally in bank stocks. The Sensex ended the little changed at 27,238 but advanced 1.9% for the week, While Nifty climb nearly 1.9% for the week, the 50-share index failed to hold on to the 8,450-mark.

Live Market:

The domestic markets were trading down, led by losses in shares of IT firms, while pharmaceutical companies' stocks rebounded.

At 3:08 PM, the BSE Sensex is trading higher by six points at 27,254, while the Nifty50 slipped by mere one points at 8,406 mark.

The BSE Mid-cap Index was up by 0.11% at 12,656, whereas BSE Small-cap Index was up by 0.08% at 12,696.

Axis Bank, HDFC, Aurobindo Pharma, GAIL and Sun Pharma were among the gainers, whereas TCS, Infosys, Hindalco, Idea Cellular and Infratel were among those losing sheen on NSE.

A total of 36 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Out of 1,908 stocks traded on the NSE, 859 declined,698 advanced and 351 remained unchanged today.

Some buying was observed in pharma, FMCG, banking and financial services sectors, while IT, realty, auto, metal and media stocks are showed weakness on NSE.

The INDIA VIX was down 1.5% at 14.39. On the sectoral front, Pharma stocks rebounded after declining on Thursday,  post US president-elect Donald Trump's plans to make companies bid forgovernment projects. Lupin, Sun Pharmaceuticals Industries, and Aurobindo Pharma rose 1-2%. The Nifty Pharma index was up 0.4% at 10,445 points.

IT has tumbled badly, dragged down by TCS and Infosys plunging 3.3% and 2.1% respectively, post results' announcement. Auto follows with 0.9% downside, dragged down by the falling Tyre stocks.

On the other hand, the Financial Services sector remains up with 0.6% gains driven by Axis Bank and HDFC. Apart from Axis Bank and HDFC, GAIL and Auro Pharma are the top gainers; while TCS, Infosys, Hindalco and Tata Motors are the top losers for the Nifty.

SpiceJet hit their highest level in a month after company said  its purchase of 205 planes from Boeing Co will not add to their debt. The airliner's stock was up 3%.

While shares of Infosys wiped the gains due to mixed Oct-Dec earnings, those of TCS were down 2% as changes at the top management and headwinds for the sector led to concern about growth.

GAIL is up by more than 2.15 % along with ONGC which is up by 2.01%. Reliance Industries is up by 0.82% trading at Rs 1092 per share. The other stock that is supporting the market in the first hour is HDFC, Coal India and Axis Bank.
 
Electrosteel Castings is having a good day on the Street. The stock of the company has opened in green; and as at 10.35 am is trading with gains of 5%. It has witnessed a spurt in volumes by more than 1.83 times.
 
The stock has witnessed a significant movement as the Government of India has granted a mining lease of 192.5 hectare in Jharkhand.
 
In the last one year, the stock has given a return of 14.93%. Currently, it is trading with a P/E of 11.64. On an annualised basis, in the last three years the stock has given a return of 20.21%.

Bank Nifty had closed on a positive note for the last seven consecutive trading sessions. In Friday’s session, Bank Nifty opened at 18949.70, up by 75.75 points or 0.4%. The index is currently trading in red at 18813.40, down by 60.55 points or 0.32%.
 
These 2 stocks have somehow bucked the trend and are trading in the green.

Markets Buoyed, Nifty and Sensex settle above 200-DMA

Indian markets broke out of consolidation and closed a percent higher, after a prolonged breather of three trading sessions, taking positive cues from the Wall Street and Asian bourses. 

Nifty closed above 8250 mark at 8273 while Sensex closed at 26878 levels gaining 245 points. On the broader front, Midcap outperformed with 1.35% gains while Smallcap remained more or less in line with 0.96% gains. 

Market breadth remained highly positive with 1950 advances and 885 declines.

Barring the IT sector that tumbled 0.9%, all other sectors ended in green with Metal remaining at the forefront with 3% gains. 

JSW Steel remained the top gainer in the metal index with 7.8% gains. 

Auto sector followed the optimism and gained 2% where Tata Motors DVR and Tata Motors gained the most after Tata Motors posted JLR sales data early in the morning session. 

Banks too recovered from prior day losses. All of the bank index constituents were up in green in today’s session. 

Tata Motors DVR and Adani Ports were the top gainers while IT giants, Tech Mahindra, TCS and HCL Technologies remained top losers for the Nifty.

We saw both Nifty and Sensex crossing its 200 days EMA level on closing basis for the time since mid-November 2016. 

We had talked of a resistance of 8275 followed by 8300 for the Nifty which is not broken yet. Hence, we maintain our resistance levels. On the downside 8250-8220 will act as immediate supports.

Chambal Fertilisers: The stocks sizzled upon reports of Ministry of fertilisers seeking for 80000 crore as subsidy. 

Tata Motors: Tata Motors gained with record sales for JLR being reported from US markets

Yes Bank: Yes bank was the top gainer in the banking space even as Jugnoo enables UPI payments powered by YES Bank on its app. 

Bank of Baroda: The stock, in line with the broader trend gained on bourses on intraday basis even as the bank reduced its Marginal cost of lending rate today.

Nifty fails to close above 8200; Bharti Airtel is the top Nifty Gainer

The lacklustre start to a calendar year 2017 continued for a third day in a row where Nifty and Sensex closed on a flattish note.
 

Nifty seems to have taken a prolonged breather at 8190-8200 after rallying from its major support at 7900 levels.
 
Sensex too hovered around 26600-26700 levels during the day. Markets were driven majorly by the Auto sales data that came in mixed and India’s services activity that remained unchanged at 47.6 in December from previous year and contracted from November’s 49.1 on the back of cash crunch in the economy.
 
The Midcap index witnessed a turnaround and underperformed while Small cap maintained outperformance with 0.4% gains.
 
Overall Advance to decline ratio for NSE came in at 3:2 . On the sectoral front Realty and IT outperformed with 2.2% and 1.3% gains.
 
Banks and Financial services dragged the markets down with nearly 0.8% losses on an average.
 
Telecom brothers Infratel and Bharti Airtel were the top gainers while Reliance and Kotak Bank were the top losers. 
 
Going forward we hold 8240 followed by 8300 as our next resistances for the Nifty provided 8215 is broken on closing basis. On the contrary if markets retreat from the said levels we 8020 followed by 7900 as the medium term supports for the Nifty.
 
SSWL has announced that for Q4FY16-17 they have set a target for achieving volume sales of 35.6 lakh, as compared to 33.24 lakh in Q3FY16-17, representing a growth of 7% Q-o-Q. The closed up by 2%.


GODERJ PROPERTIES ended flat at Rs 322. Godrej Properties has informed the bourses that Godrej Greens, the project which it immediately launched after demonetisation has received an overwhelming response.


JUBLIENT LIFE SCIENCES zoomed 12% after the company has duly signed a long-term contract in Radiopharma business with Montreal Canada for distribution of products used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and bone scans.

RAMCO SYSTEMS soared 9% on the BSE. Panasonic Group of companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of India-headquartered HR software major Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform. 

NANDAN DENIM  jumped 10.5% after the Reserve Bank of India notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24% earlier.

INDIABULLS HOUSING FINANCE fell 3%. The company reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.