Nifty hovers around 8,100 mark

The S&P BSE Sensex is trading at 26,341 up 40 points, while NSE Nifty is trading at 8,121 up 10 points.

The BSE Mid-cap Index is trading up 0.17% at 12,064, whereas BSE Small-cap Index is trading down 0.07% at 11,899.

Axis Bank, Tata Motors, Lupin, SBI, Bharti Airtel and ICICI Bank are among the gainers, whereas Wipro, Dr Reddy's, Sun Pharmaceuticals, Power Grid and Coal India are losing sheen on BSE.

Some buying activity is seen in banking, auto financial services, FMCG and realty sectors, while media and IT sectors are showing weakness on NSE.

The INDIA VIX is down 6.70% at 18.1950. Out of 1,853 stocks traded on the NSE, 524 declined, 927 advanced and 402 remained unchanged today.

A total of three stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.

Global cues turned weak as profit booking sets in after a week of heady gains both on the indices & bond yields. With US dollar also weakening emerging markets saw a relief rally with Brazilian index up almost 2% even as most European markets ended in the red. We could see some Asian markets also bounce from oversold territory as value buying emerges.

On the global front, all eyes will be on Janet Yellen as she speaks before congress today.  

Nasscom cut growth guidance for the industry to 8-10 % in constant currency terms from 10-12%. According to the guidance, India will continue to gain market share of 7% of global software and IT services and 56% of global sourcing.

New Delhi has woken up to tremors as a 4.4 magnitude earthquake struck on the Delhi-Haryana border early morning. The first day of Parliament’s Winter session saw the Opposition launch an attack on the government for the demonetisation of high value currencies. 

Sensex, Nifty end volatile; consumer durables, pharma stocks drag

The Indian stock market see-sawed between the negative and positive zone throughout the day and ended lower on Wednesday. The domestic market slid for a third straight day as investors continued to assess the impact of the Prime Minister's move to ban high denomination banknotes.

Today’s decline was led by the consumer durables, metal, pharma, oil and gas, realty and capital goods stocks, while IT, consumer discretionary, auto and technology were among the gainers.

Finally, the BSE Sensex ended with a loss of mere six points at 26,299. The BSE Sensex opened at 26,509, touched an intra-day high of 26,621 and low of 26,262.

The NSE Nifty closed with a gain of mere three points at 8,112. The NSE Nifty opened at 8,584 hitting a high of 8,622 and low of 8,544.

Among the 50-stocks of Nifty, Asian Paints, Zee, Eicher Motors, Tech Mahindra, TCS, Maruti Suzuki and Tata Power were among the gainers on NSE, whereas Hindalco, Ambuja Cement, ITC, Aurobindo Pharma and Sun Pharmaceuticals were among the losers today.

Investors will be keeping an eye on the Parliament winter session which began today. The Centre has lined up three key GST Bills for approval to roll out the new tax from April 1 next year even as the demonetization move threatens to swamp the winter session of Parliament.

On the economy front, India’s retail price inflation fell to a 14-month low of 4.2% in October from 4.39% a month ago as inflation of fruits and pulses softened, raising the chances of an interest rate cut by the Central bank.

India's trade deficit widened to $10.16 billion in October from $8.34 billion in the previous month, as gold imports more than doubled to $3.5 billion from a year ago. Merchandise exports grew 9.6% year-on-year to $23.5 billion, while imports expanded 8.11% year-on-year to $33.67 billion, the data showed.

The India VIX (Volatility) index was down 3.18% at 19.5025. Out of 1,431 stocks traded on the NSE, 809 declined and 574 advanced today. The BSE Midcap and Smallcap indices ended up.

The rupee was trading down 10 paise at 67.84 per US dollar.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 1%.

In Europe, the FTSE 100 was trading down 0.24%. DAX and the CAC 40 were trading lower by 0.3% each.

Cigarette stocks closed in red after the Union Cabinet is likely to soon consider a proposal to completely ban foreign direct investment in the tobacco sector. ITC tumbled 3.6% on the NSE.

PC Jeweller fell 8% on the BSE. Jewellery companies, whose business mainly runs on cash transactions, have been reeling under the government’s move to ban the usage of high value currency notes.

HDFC gained 2.5% to Rs 1,257 on BSE after the company said that it intends to raise Rs 2,000 crore through issue of senior, secured, non-convertible debentures on private placement basis.

Tata Global Beverages jumped 3.6%. The company reported 48% increase in consolidated net profit at Rs 108 crore for the quarter ended September 30, 2016. Tata Global Beverages had posted a net profit of Rs 73 crore in the July-September quarter a year ago.

Ambuja Cements, ACC closed lower on the BSE after Lafarge Holcim increased its shareholding to 63% of the total Ambuja shares through its subsidiary. It also increased its holding in ACC Ltd., a subsidiary of Ambuja, to 4.48%, the company said in a BSE filing.

Elgi Equipments rallied 4.4% to Rs 175 after the revenue was reported to be 8.4% below the estimate of Rs 373 cr, while net profit was reported 3% lower than the estimated figure of Rs 19 cr.

PSU Oil stocks closed in red after petrol price on Tuesday was cut by Rs 1.46 a litre and diesel by Rs 1.53 per litre.

A total of six stocks registered a fresh 52-week high in trade today, whereas 58 stocks touched a new 52-week low on the NSE.

Sensex jumps over 200 points; Nifty above 8,150 mark

The domestic market recovered after hitting a five-month low on Tuesday, tracking positive global cues and lower inflation data released yesterday. The Sensex up over 300 points, while the broader Nifty50 index regained its crucial 8,200 level.

The S&P BSE Sensex is trading at 26,493 up 189 points, while NSE Nifty is trading at 8,154 up 46 points.

The BSE Mid-cap Index is trading up 1.29% at 12,123, whereas BSE Small-cap Index is trading up 0.77% at 11,994.

Asian Paints, TCS, ICICI Bank, Maruti Suzuki and ONGC are among the gainers, whereas Lupin, Sun Pharmaceuticals, Cipla and L&T are losing sheen on BSE.

Some buying activity is seen in realty, IT, auto, banking, energy and oil & gas sectors, while pharma, consumer durables, capital goods and industrial sectors are showing weakness on NSE.

The INDIA VIX is down 3.07% at 19.5250. Out of 1,879 stocks traded on the NSE, 615 declined, 1,036 advanced and 319 remained unchanged today.

A total of five stocks registered a fresh 52-week high in trade today, while 5935 stocks touched a new 52-week low on the NSE.

Asian markets traded in the green on opening bell taking cues from the US indices which hit new all time highs. The return of the risk on trade seems imminent with money now entering the developed markets with US, Germany & Japan set to outperform in the near term.With strong expectation of huge infra spend on the anvil the US indices seem set to move higher as higher bond yields coupled with $ strength indicate bullish momentum.

The Indian rupee opened higer by six paise at 67.68/$ against Tuesday close at as against the previous close of 67.74/$.

The Union cabinet on Tuesday approved a modest 6.6% hike in the minimum support price (MSP) of wheat.

On the economy front, India’s retail price inflation fell to a 14-month low of 4.2% in October from 4.39% a month ago as inflation in fruits and pulses softened, raising the chances of an interest rate cut by the central bank.

India's trade deficit widened to $10.16 billion in October from $8.34 billion in the previous month, as gold imports more than doubled to $3.5 billion from a year ago. Merchandise exports grew 9.6% year-on-year to $23.5 billion, while imports expanded 8.11% year-on-year to $33.67 billion, the data showed.

Sensex rallies over 250 points; Banking, Realty stocks lead

The S&P BSE Sensex is trading at 26,565 up 261 points, while NSE Nifty is trading at 8,193 up 84 points.

Asian markets traded in the green on opening bell taking cues from the US indices which hit new all time highs. The return of the risk on trade seems imminent with money now entering the developed markets with US, Germany & Japan set to outperform in the near term.With strong expectation of huge infra spend on the anvil the US indices seem set to move higher as higher bond yields coupled with $ strength indicate bullish momentum.

The Indian rupee opened higer by six paise at 67.68/$ against Tuesday close at as against the previous close of 67.74/$.

The Union cabinet on Tuesday approved a modest 6.6% hike in the minimum support price (MSP) of wheat.

On the economy front, India’s retail price inflation fell to a 14-month low of 4.2% in October from 4.39% a month ago as inflation in fruits and pulses softened, raising the chances of an interest rate cut by the central bank.

India's trade deficit widened to $10.16 billion in October from $8.34 billion in the previous month, as gold imports more than doubled to $3.5 billion from a year ago. Merchandise exports grew 9.6% year-on-year to $23.5 billion, while imports expanded 8.11% year-on-year to $33.67 billion, the data showed.

Nifty shuts below 200-DMA

The Indian equity market ended in the red as indices extended their losing streak for the second consecutive trading session. Nifty ended below the 200-DMA. The stock market dropped to a near five-month low and closed lower for the second straight session as automakers, real estate, metal and FMCG companies continued to extend their losses on the anticipated slowdown in spending as a result of the nationwide cash crunch. Also, negative global cues, depreciating rupee and lower crude oil prices dampened the sentiment.

The stock market continued its downfall after a three day break on Tuesday as dollar hit a 11 month high amid investors' hopes that US Federal Reserve may raise interest rates, resulting in funds flowing from emerging markets assets to the US.

Heavy selling pressure was witnessed in auto, realty, Bank Nifty, FMCG, Financial  Services, metal and media stocks, while PSU bank and IT stocks were among the gainers on NSE.

Among the 50-stocks of Nifty, Bank of Baroda, SBI, Idea Cellular, Dr Reddy's, Wipro, ONGC and Power Grid were among the gainers on NSE, whereas Tata Motors,Grasim, Tata Motors DVR, IndusInd Bank and Tata Steel were among the losers today.

Finally, the BSE Sensex ended with a loss of 514 points at 26,305. The BSE Sensex opened at 26,810, touched an intra-day high of 26,809.61 and low of 26,254.

The NSE Nifty closed with a loss of 188 points at 8,108. The NSE Nifty opened at 8,285 hitting a high of 8,289 and low of 8,094.

On the economy front, India’s WPI for the month of October unexpectedly fell to 3.39%, from 3.57% in September. Food inflation stood at 4.34% on a year-on-year basis, while fuel and power inflation in October stood at 6.18%.

The India VIX (Volatility) index was up 16% at 20.1450. Out of 1,526 stocks traded on the NSE, 969 declined and 498 advanced today.

The rupee was trading down 44 paise at 67.68 per US dollar.

Sentiments remained down-beat with many agencies criticizing the government over demonetization of Rs 500 and Rs 1,000 notes, saying the move had led to 'financial chaos' across the country as well as condemning the fact that the decision was taken without proper planning or preparation. Also, the sudden decline in money supply and simultaneous rise in bank deposits post demonetization is going to adversely impact consumption in the economy in the short term and may lead to a lower GDP growth. 

Asian markets closed mixed on Tuesday amid rising fears of a rate hike by the US Federal Reserve. Nikkei 225 and Shanghai Composite closed in red while Hang Seng gained 0.5%.

In Europe, the DAX was trading marginally up. The CAC 40 and FTSE 100 gained 0.4% each.

Jet Airways fell 10.6% to Rs 380 on the BSE. The company posted a net profit of Rs 108 crore for the quarter ended September 30, 2016 as compared to Rs 87.6 crore for the quarter ended September 30, 2015.

AIA Engineering Ltd gained 1% on the BSE. The company posted a net profit of Rs 112 crore for the quarter ended September 30, 2016 as compared to Rs 99 crore for the quarter ended September 30, 2015.

Corporation Bank soared 13% to Rs 47.65 on the BSE after the bank posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.

Tata Motors tanked 10%. The company posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.

Suzlon Energy rallied 5.3%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.

A total of seven stocks registered a fresh 52-week high in trade today, whereas 71 stocks touched a new 52-week low on the NSE.

Sensex falls over 200 pints

The S&P BSE Sensex is trading at 26,578 down 241 points, while NSE Nifty is trading at 8,225 down 71 points.

Asian markets opened flat after being under severe selling pressure in the last few days. Institutional investors have opted to sell emerging market stocks & enter developed markets with money aggressively buying into US, German & Japanese indices. This may be the short term aberration from the Trump victory which has seen US $ hit new year highs while bond yields top 2.18% & stocks hit new all time highs.

India and Japan signed a civilian nuclear agreement and a raft of pacts apart from reviewing the progress of Special Strategic and Global Partnership to promote trade and investment. It was the first time Japan, the only country to have suffered a nuclear attack, has concluded such a pact with a country that is not a signatory to the Nuclear Non-proliferation Treaty.

India’s foreign exchange reserves rose by $1.075 billion to $368.232 billion in the week ended November 4, the Reserve Bank of India said. The central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, had gone up by $1.982 billion to $343.927 billion during the week.

The bold move by the government to ban the widest circulated currency notes has received mixed reactions. Hopes are that after the initial hiccups, things will settle down. Fresh measures are being announced to ease the cash crunch. The market could remain choppy as it opens after a long weekend.

The dollar has cooled a bit resulting in benchmark Treasuries and emerging-market stocks changing direction. The US indices ended mixed; while the Dow and S&P notched up gains, the Nasdaq continued to reel under the Trump effect. IT stocks have been at the receiving end ever since Trump’s surprise win.

On the macro front, exports clocked a healthy 4.62% growth in September. WPI inflation for October will be out at noon while CPI combined inflation for October will be released post market hours.

The MSCI has announced changes to its index components and stocks which have made it to the coveted list will see some buying.  The draft model GST law will be shared with states today.

Nifty cracks below 8,300 mark

Despite a rally in the domestic equity market on Thursday, the market closed lower on Friday due to profit booking, a weaker rupee and lower crude oil prices. The market saw a secular sell-off in today’s trading session as all the sectoral indices closed in red and fell the most since February 11. Sentiment also weighed the fallout of PM Narendra Modi’s decision to demonetise currency and withdraw high denomination bank notes.

US bond yields have surged after Trump's election on worries over his policies stance - from protectionism and fiscal expansion - to boosting inflation and leading the Federal Reserve to raise interest rates more than expected. Markets also fear that the US Federal Reserve could go ahead with a rate hike in December, given signs of stability in the US share markets.

Also, sentiment was impacted by the surprise demonetization of Rs 500 and Rs 1,000 notes. The sectors which saw maximum dampening of sentiment were real estate, gems & jewellery and consumption segments.

Finally, the BSE Sensex ended today’s trading with a loss of 699 points at 26,819. It opened at 27,345, touched an intra-day high of 27,345 and low of 26,777.

The NSE Nifty closed with a loss of 229 points at 8,698. It opened at 8,457, hit an intra-day high of 8,461 and low of 8,285.

Significant selling was witnessed in auto, telecom, realty, finance, metal, oil & gas, consumer durables, banking, pharma and FMCG stocks on the BSE.

Among the 50 stocks of the Nifty, Sun Pharma is the only gainer, whereas Bharti Infratel, M&M, Eicher Motors, UltraTech Cement, Yes Bank and Hero MotoCorp were among the losers today.

The India VIX (Volatility) index was up 12.34% to 17.3650. Out of 1,479 stocks traded on the NSE, 1,348 declined and 110 advanced today.

The BSE Midcap and the Smallcap index closed in the red.

The rupee was trading down 55 paise at 67.17 per US dollar.

The BSE Sensex and NSE Nifty will be closed on Monday on account of 'Guru Nanak Jayanthi'.

Asian shares stumbled on Friday and emerging market currencies skid lower as investors fear higher interest rates under the incoming President Donald Trump who will spark capital outflows from the region. Shanghai Composite and Nikkei 225 closed in green while Hang Seng fell 1.4%.

In Europe, the CAC 40 and FTSE are trading in red, while DAX is trading marginally up.

State Bank of India tumbled 3% on the BSE. The bank has posted a net profit of Rs 2,538 crore for the quarter ended September 30, 2016 as compared to Rs 3,879 crore for the quarter ended September 30, 2015.

Sun Pharma zoomed 3.3% after the company reported an over two-fold jump in its consolidated net profit to Rs 2,235 crore for the September quarter. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of associates and joint ventures of Rs 1,028.8 crore for the same period a year ago.

Noida Toll Bridge Company slipped 8.6% after Supreme Court refused to stay Allahabad High Court’s order which made DND flyover toll free.

Indiabulls Real Estate zoomed 6% after the company announced that the board will meet on November 24, to consider buyback of equity shares.

A total of 20 stocks registered a fresh 52-week high in trade today, whereas 11 stocks touched a new 52-week low on the NSE.

Nifty slips below 8,400 mark

The domestic market opened lower on Friday. The Sensex dropped over 300 points while Nifty slipped below 8,450 mark. There was selling pressure seen in HDFC, ITC and ICICI Bank.

At 9:33 AM, the S&P BSE Sensex is trading at 27,206 down 311 points, while NSE Nifty is trading at 8,439 down 87 points.

The BSE Mid-cap Index is trading down 1.16% at 12,782, whereas BSE Small-cap Index is trading down 0.65% at 12,843.

Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's are among the gainers, whereas HDFC, Asian Paints, Hero MotoCorp, HUL and Tata Motors are losing sheen on NSE.

Some buying activity is seen in banking and pharma sectors, while realty, metal, FMCG, media and IT is showing weakness on NSE.

The INDIA VIX is up 1.26% at 15.6525. Out of 1,854 stocks traded on the NSE, 1,139 declined, 322 advanced and 393 remained unchanged today.

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

The rupee opened lower at 67.15/$ as against the previous close of 66.62/$. Rupee hits to lowest level since August 29 against Dollar.

Sensex ends higher by 265 points; Banking, Metal stocks gain

A day after global and domestic cues heavily dented investors' sentiments, the Indian stock market ended with handsome gains on Thursday amid positive global cues.

Finally, a late bout of buying across metal, banking, power, realty, pharma, telecom and utilities stocks lifted the benchmark although the auto and IT counters continued to trade soft. However, the key benchmark came off day's high in the last hour of trade on further selling in Infosys and HDFC.

Finally, the BSE Sensex ended with a gain of 265 points at 27,518. It opened at 27,605, touched an intra-day high of 27,743, and hit a low of 27,457.

The NSE Nifty closed with a gain of 87 points at 8,519. It opened at 8,556, hitting a high of 8,598 and low of 8,511.

Market sentiment also got a boost after global investors turned hopeful about generous tax cuts and higher infrastructure and defence spending in the US following Donald Trump's victory.

Among the 50 stocks of the Nifty, Tata Steel, Bank of Baroda, Hindalco, SBI, Cipla, Bharti Infratel and Yes Bank were among the gainers, whereas Asian Paints, Hero MotoCorp, HDFC, Bajaj Auto, Lupin and Bosch were among the losers today.

The India VIX (Volatility) index was down 6.99% at 15.4575. Out of 1,401 stocks traded on the NSE, 253 declined and 1,124 advanced today.

The rupee was trading up by 13 paise at 66.56 per US dollar.

Asian shares rebounded on Thursday and the dollar firmed after global markets made a remarkable comeback from the shock of Republican Donald Trump's presidential victory, dumping safe-havens for the tempting returns of risk assets. Hong Kong's Hang Seng was up 1.89% and Japan's Nikkei closed soared by 6%, however, Shanghai Composite Index gained 1%.

In Europe, the FTSE 100 and CAC 40 were trading higher by 1%, while DAX advanced 0.96%.

Banking sector stocks closed higher as banks are expected see improved liquidity when people start tendering cash after the government decided to withdraw 500 and 1,000 rupee notes. PNB zoomed 12%, BoB climbed 9%, while SBI rallied 8.4% on the BSE.

Financial stocks were among the biggest percentage gainers on the NSE index today as investors welcomed the government's decision to withdraw higher denomination banknotes. The BSE Finance index closed 2.4% higher.

Bank of India surges 13% after the bank posted a net profit of Rs 127 crore for the quarter ended September 30, 2016 compared to a net loss of Rs 1,126 crore for the quarter ended September 30, 2015.

Lupin slipped 2%. Lupin reported its profit surged 58% from a year ago on strong sales growth in the US, the drugmaker’s biggest market. Net profit at India’s third largest drugmaker rose to Rs 662 crore for the quarter.

Dhanuka Agritech rallied 7% after the net profit for the quarter came in at Rs 49.21 crore as compared to Rs 37.7 crore in the corresponding period last year. The company’s total income from operations was at Rs 310 crore as against Rs 270 crore last year.

Fortis Healthcare dropped 1.4% after the company posted a net profit of Rs 38 crore for the quarter ended September 30, 2016 as compared to Rs 61 crore for the quarter ended September 30, 2015.

Bajaj Electricals dropped 5.6%. The company posted a net profit of Rs 16.7 crore for the quarter ended September 30, 2016 as compared to Rs 18.7 crore for the quarter ended September 30, 2015.

Motherson Sumi Systems rallied 6% after the company posted a net profit of Rs 480 crore for the quarter ended September 30, 2016 as compared to Rs 380 crore for the quarter ended September 30, 2015.

A total of 45 stocks registered a fresh 52-week high in trade today, whereas seven stocks touched a new 52-week low on the NSE.

Nifty trades above 8,550 mark; Banking, Metal stocks gain

The Indian stock market gained the most in nearly 1-month, following a rebound in Asian markets after their steepest slide since Brexit, on speculation that U.S. President-Elect Donald Trump will pursue business-friendly policies. Nifty Realty index surged 4.5% after losing more than 10% on black money crackdown. Nifty Bank hits 20K for the first time since September 23, 2016. 

At 10:27  AM, the S&P BSE Sensex is trading at 27,638, up 385 points, while NSE Nifty is trading at 8,567  up 135 points. The BSE Mid-cap Index is trading up 2.14% at 12,994 whereas BSE Small-cap Index is trading up 2.71% at 13,04625.

Tata Steel, Cipla, SBI, Bharti Airtel and Sun Pharma are among the gainers, whereas Infosys, Godrej Properties, Redington and Prestige estates are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory. Some buying activity is seen in metal, telecom, auto, banking, basic materials and pharma sectors.

The INDIA VIX is down 8.25% at 15.2475. Out of 1,874 stocks traded on the NSE, 136 declined, 1,417 advanced and 321 remained unchanged today.

A total of 18 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

The rupee opened lower at 66.39/$ as against the previous close of 66.42/$.

Asian markets opened deep in the green as oversold indices saw short covering coupled with fresh buying as the Dow Jones index touched new highs. This after huge intraday swings with US futures hitting lows of -800 points at one time. Bond yields on the US 10 year paper hit over 2% as optimism on growth with infra spending rising saw the yields near 9 month highs.         

The markets have been roiled for some time ever since the chances of a Trump victory surfaced though major bets remained on Hillary who eventually had to concede defeat. For now, Trump’s acceptance speech suggests he has indeed left the campaign ‘trumpisms’ aside and is set to usher in a new world order. The US markets may not have saluted his victory on Wednesday but he is known to be a friend of Wall Street.

Bonds and Gold which saw some smart up move failed to maintain their gains. Banks in India are stepping up activity to help cope with disruption caused by the withdrawal of Rs 500 and Rs 100 currency notes. While a lot of people are finding ways and means to change their high value notes, expectations are that earnings recovery could be pushed a few quarters further.