Sensex, Nifty volatile; Metal, Auto drag

At 9:31 AM, the S&P BSE Sensex is trading at 27,712 up 38 points, while NSE Nifty is trading at 8,583 down mere one points.

The BSE Mid-cap Index is trading up 0.36% at 13,468 whereas BSE Small-cap Index is trading up 0.40% at 13,230.

ICICI Bank, NTPC, GAIL, Axis Bank, SBI and ONGC are among the gainers, whereas Asian Paints, HDFC Bank, M&M, Bharti Airtel and Adani Ports are losing sheen on BSE.

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

The INDIA VIX is up 3.74% at 15.4450. Out of 1,861 stocks traded on the NSE, 599 declined, 841 advanced and 421 remained unchanged today.

A total of 46 stocks registered a fresh 52-week high in trades today, while seven stocks touched a new 52-week low on the NSE.

The rupee opened lower by 11 paise at 66.81/$ as against the previous close of 66.70/$.

On the economy front, India’s WPI in the month of September 2016 softened to 3.57% compared to 3.74% in the previous month. Also, retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.

Friday’s speech by Janet Yellen saw markets getting a bit worried as she guided that the Fed may need to run a ‘high-pressure’ economy with robust aggregate demand and a tight labor market to deal with the damage caused by the global financial crisis. While the Fed will look at plausible ways for the same, speculation continues on whether interest rates will be raised given that inflation is likely to inch higher on account of rising crude oil prices.

Asian markets traded mixed in the early start as markets continue to seek direction with event risk seeing caution prevail. Rise in US bond yields to 4 month highs, strength in the US $ ahead of the US elections & the subsequent Fed monetary policy are all seeing profit booking in most global equity markets. Oil prices retreated while Gold prices firmed up as defensive buying re emerged.

Life Insurance Corp. of India (LIC) has decided to part-fund the government’s ambitious projects till completion and initially invest up to Rs6,000 crore in bonds sold by the National Highways Authority of India (NHAI) this financial year alone.

Ruia’s promoted Essar Oil sealed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tonnes per annum Vadinar refinery and Vadinar port in Gujarat.

Sensex, Nifty ends flat; Oil & Gas, Capital Goods stocks lead

The Indian stock market recovered from the previous session's multi-month low and closed marginally higher with financials gaining on the prospect of further rate cuts after inflation cooled to a 13-month low in September.

Markets were unable to hold on to their gains as selling pressure in the telecom, IT, technology and consumer discretionary stocks dragged indices lower. On the other hand, oil & gas, capital goods, energy, industrial, realty and banking stocks ended with gains.

Finally, the BSE Sensex ended with a gain of 30 points at 28,507. The BSE Sensex opened at 27,712, touched an intra-day high of 27,764 and low of 27,548.

The NSE Nifty closed with a gain of 10 at 8,583. The NSE Nifty opened at 8,594 hitting a high of 8,604 and low of 8,549.80.

Sentiments got boosted after India’s WPI in the month of September 2016 softened to 3.57% compared to 3.74% in the previous month . Also, some support was gained with retail inflation hitting a 13-month low, aided by lower food prices especially those of vegetables. This is the first time in this financial year that the overall CPI inflationhas fallen below the Reserve Bank of India’s inflation target of 5% by March 2017.

Meanwhile, Finance Minister Arun Jaitley has said that the absence of reforms in infrastructure and power sectors by the previous government created huge non-performing assets (NPAs) in these core segments.

Among the Nifty stocks, GAIL, L&T, Tata MotorsDVR, Tata Motors, RIL, BPCL, Power Grid, UltraTech Cement and TCS were the gainers whereas Zee, Bharti Infratel, Infosys, HUL, Eicher Motors and Idea Cellular were among the losers today.

The India VIX (Volatility) index was down 3.48% at 14.8875. Out of 1,398 stocks traded on the NSE, 473 declined and 879 advanced today.

The BSE Midcap and Smallcap indices ended higher by 0.80%.

The rupee was trading up 19 paise at 66.74 per US dollar.

On the global front, Asian markets closed mixed on Friday, with investors assessing price increases in China and the possibility of an interest rate hike in the U.S. later in the year. Japan’s Nikkei and Hong Kong’s Hang Seng gained over 0.50%. China’s Shanghai Composite closed higher.

Sensex, Nifty volatile; Consumer Durables, Metal drag

The Indian equity market opened in green after massive cuts yesterday and also rebound in Asian markets.

The S&P BSE Sensex is trading at 27,648 up mere five points, while NSE Nifty is trading at 8,590 up 11 points.

The BSE Mid-cap Index is trading up 0.50% at 13,378 whereas BSE Small-cap Index is trading up 0.45% at 13,127.

GAIL, RIL, Adani Ports, ONGC, L&T, Cipla and Axis Bank are among the gainers, whereas Lupin, Bharti Airtel, HUL, HDFC Bank, Infosys and Sun Pharma are losing sheen on BSE.

Some buying activity is seen in oil & gas, basic materials, energy, industrial and realty sectors, while banking, consumer durables, finance and telecom are showing weakness on BSE.

The INDIA VIX is down 1.52% at 15.1900. Out of 1,870 stocks traded on the NSE, 535 declined, 1,012 advanced and 323 remained unchanged today.

A total of 53 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.

The rupee opened higher by eight paise at 66.85/$ as against the previous close of 66.93/$. The rupee opened higher against the dollar, tracking a recovery across Asian assets as better-than-expected economic data out of China propped up risk appetite.

On the macro-front, India’s retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.

Asian markets opened on a pessimistic note as losses over the last 3 days have hurt sentiment even as the Dow Jones index recovered most losses overnight. This week has seen brutal cuts on equity markets globally as investors contend with weak China data, weak start to earnings in the US & now almost 70% probability of rate hike by the Federal Reserve.

Wall Street closed down on Thursday. The Dow Jones industrial average was down 45.26 points, or 0.25% to 18,098.94, the S&P 500 lost 6.63 points, or 0.31% to 2,132.55 and the Nasdaq Composite dropped 25.69 points, or 0.49% to 5,213.33.

Strength in the US$ & rising bond yields are the other negatives being priced in by global markets. However with corrections being part of the course for markets, this would be a good opportunity to buy as underlying fundamentals indicate strength with emerging markets being best proxy to bullishness in energy & commodities with oil & metals hitting fresh 52 week highs.

Finance Minister Arun Jaitley blamed the successive governments' inability to bring in reforms in the infrastructure and power sectors for the rising non-performing assets in the core segments. 

Sensex, Nifty trade flat; Oil & Gas, Energy gain

The Indian equity market opened in green after massive cuts yesterday and also rebound in Asian markets.

At 9:30 AM, the S&P BSE Sensex is trading at 27,682 up 39 points, while NSE Nifty is trading at 8,590 up 11 points.

The BSE Mid-cap Index is trading up 0.43% at 13,370 whereas BSE Small-cap Index is trading up 0.52% at 13,136.

GAIL, RIL, Adani Ports, ONGC, L&T, Cipla and Axis Bank are among the gainers, whereas Lupin, Bharti Airtel, HUL, HDFC Bank, Infosys and Sun Pharma are losing sheen on BSE.

Some buying activity is seen in oil & gas, basic materials, energy, industrial and realty sectors, while banking, consumer durables, finance and telecom are showing weakness on BSE.

The INDIA VIX is down 2.15% at 15.0925. Out of 1,844 stocks traded on the NSE, 377 declined, 1,057 advanced and 377 remained unchanged today.

A total of 30 stocks registered a fresh 52-week high in trades today, while four stocks touched a new 52-week low on the NSE.

The rupee opened higher by eight paise at 66.85/$ as against the previous close of 66.93/$. The rupee opened higher against the dollar, tracking a recovery across Asian assets as better-than-expected economic data out of China propped up risk appetite.

On the macro-front, India’s retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.

Asian markets opened on a pessimistic note as losses over the last 3 days have hurt sentiment even as the Dow Jones index recovered most losses overnight. This week has seen brutal cuts on equity markets globally as investors contend with weak China data, weak start to earnings in the US & now almost 70% probability of rate hike by the Federal Reserve.

Wall Street closed down on Thursday. The Dow Jones industrial average was down 45.26 points, or 0.25% to 18,098.94, the S&P 500 lost 6.63 points, or 0.31% to 2,132.55 and the Nasdaq Composite dropped 25.69 points, or 0.49% to 5,213.33.

Strength in the US$ & rising bond yields are the other negatives being priced in by global markets. However with corrections being part of the course for markets, this would be a good opportunity to buy as underlying fundamentals indicate strength with emerging markets being best proxy to bullishness in energy & commodities with oil & metals hitting fresh 52 week highs.

Finance Minister Arun Jaitley blamed the successive governments' inability to bring in reforms in the infrastructure and power sectors for the rising non-performing assets in the core segments. 

Nifty settles below 8600 mark; lowest in 9 weeks

The Indian stock market closed lower by 1.5% after a two-day holiday, as Federal Reserve minutes boosted the case for higher U.S. interest rates.

Post September 29, this was the steepest drop witnessed by the domestic market, when post the minutes of the Fed meeting last month, several officials said a rate hike was needed “relatively soon”.

The Sensex hit its lowest level in more than 13 weeks. The Niftyhit its lowest level in 9 weeks. Sentiments dampened mainly in reaction to the latest US Fed meeting minutes, suggesting a rate hike in December and further worsened with decline in Asian counterparts, after China reported noticeable contraction in export figures. 

Finally, the BSE Sensex ended today’s trading with a loss of 439 points at 27,643. It opened at 28,043, touched an intra-day high of 28,043 and low of 27,643.

The NSE Nifty closed with a loss of 135 points at 8,573. It opened at 8,672, hit an intra-day high of 8,682 and low of 8,541.

Among the 50 stocks of the Nifty, ONGC, Infosys, Maruti Suzuki, Cipla, Hero MotoCorp, BPCL, Eicher Motors and Asian Paints were among the gainers, whereas Bank of Baroda, Adani Ports, Idea Cellular, Aurobindo Pharma, HDFC, Tata Power and Hindalco were among the losers today.

Heavy selling was witnessed in realty, banking, telecom, metal, finance, auto, consumer durables and pharma stocks. Only IT index closed up.

The India VIX (Volatility) index was down 7.98% at 15.4250. Out of 1,504 stocks traded on the NSE, 1,190 declined and 280 advanced today.

The BSE Midcap and Smallcap indices closed in the red.

The rupee was trading down 38 paise at 66.91 per US dollar.

On the economy front, Industrial output remained negative for the second month in a row, contracting by 0.7% in August due to aslump in manufacturing, mining and capital goods segments.

On the global front, Asian markets closed lower. China's September exports fell 10% from a year earlier, far more than markets had expected, while imports unexpectedly shrank 1.9%. Hang Seng and Nikkei 225 closed lower. Shanghai Composite ended marginally higher.

In Europe, the CAC 40 and DAX and FTSE 100 are trading in red.

Metal stocks fell 2%. The stocks have come under pressure reflecting weakness in global metal prices after exports to the world's biggest metals consumer China fell more than expected in the month of September. SAIL tanked 4%, while Hindalco slipped 3.5% on the BSE.

TCS dropped 2.2% to Rs 2328 on the BSE. The IT Company will announce its Q2 numbers today.

Cyient soared 11.5%. The company reported a net profit of Rs 97.2 crore for quarter-ended September, compared to Rs 74 crore previous quarter. Net sales came in at Rs 913 crore versus Rs 834 crore, quarter-on-quarter.

Infosys surged 2.2% to Rs 1052 on the BSE. The IT Company will announce its Q2 numbers tomorrow.

IndusInd Bank erased morning gains and closed marginally lower on the BSE. The bank reported a 26% YoY increase in net profit to Rs 704.26 crore for the quarter ended September 30.

Zee Ent slipped 3.7%. Zee Entertainment Enterprises Ltd reached an agreement to buy Reliance Broadcast Networks Ltd, as per media reports.

Cipla closed marginally higher by 0.22% at Rs 582 after the U.S. United States Food and Drug Administration gave a clean chit to the pharmaceutical major’s Indore plant.

Sunil Hitech Engineers surged 7.5% to Rs 406.80 after its board approved 1 for 1 bonus shares and also approved issuing one crore convertible warrants to the promoters and non promoters.

IL&FS Engineering and Construction climbed 2.5%. IL&FS Engineering and Construction Company Ltd (IL&FS Engineering Services) has bagged a Rs 162.58 crore pipeline contract in Bihar from GAIL (Gas Authority of India Ltd).

Sun Pharma slipped 1.8% to Rs 740. Sun Pharma is recalling 31,762 bottles of bupropion hydrochloride extended-release tablets in the US, used for treatment of major depressive disorder, as per media reports.

MT Educare tumbled 4.9% after the company is in talks with private equity firms and structured finance funds to raise as much Rs 150 crore, according to two people with direct knowledge of the development, as per media reports.

Blue Dart tanked 4.2% after the logistics company reported a 21% decline in its net profit to Rs 42.8 crore for the quarter ended September.

A total of 61 stocks registered a fresh 52-week high in trades today, whereas 20 stocks touched a new 52-week low on the NSE.

Nifty struggles below 8650, Sensex drags; Tata Motors, HDFC down

Selling continues on Dalal Street as the Sensex is down 270.22 points or 0.9 percent at 27812.12. The Nifty is down 86.30 points or 0.9 percent at 8622.50. About 872 shares have advanced, 1509 shares declined, and 100 shares are unchanged. 

Infosys, ONGC, Cipla, Asian Paints and M&M are gainers while Tata Motors, HDFC, Adani Ports, ICICI Bank and TCS are losers in the Sensex. 

Gold prices rose as the US dollar pared early gains and equities plunged on Chinese trade data that stoked concerns about the health of the world's No.2 economy. The climb in bullion came despite signals from the US Federal Reserve minutes that the central bank could raise interest rates in December. 

Asian stocks stumbled to three-week lows and US stock futures and Treasury yields fell after China's September trade data showed a sharp decline in exports.

Nifty falls below 8,650 mark

The domestic market drop most since since September 29 after the minutes of the Fed meeting of last month showed several officials saying a rate hike was needed “relatively soon”.

The Sensex is trading below its crucial support level of 28,000, while Nifty breaks below its crucial support level of 8,650.

At 9:30 AM, the S&P BSE Sensex is trading at 27,835 down 247 points, while NSE Nifty is trading at 8,641 down 74 points.

The BSE Mid-cap Index is trading down 0.80% at 13,407 whereas BSE Small-cap Index is trading down 0.61% at 13,171.

Cipla, Infosys, ONGC and Hero MotoCorp are among the gainers, whereas RIL, ICICI Bank, M&M, HDFC, Tata Motors and HDFC Bank are losing sheen on BSE.

Some buying activity is seen in IT sector, while realty, banking, finance, utilities, auto and telecom are showing weakness on BSE.

The INDIA VIX is up 3.15% at 14.7350. Out of 1,841 stocks traded on the NSE, 1,031 declined, 391 advanced and 419 remained unchanged today.

A total of 39 stocks registered a fresh 52-week high in trades today, while nine stocks touched a new 52-week low on the NSE.

Asian markets opened flat after seeing huge gyrations in the last 3 days as strength in the US$ which hit 97.7 or a fresh 4 month high led to profit booking in equities. This along with rise in bond yields on the US 10 year treasury paper which hit 1.76% or also a 4 month high as odds of a Fed rate hike in December hit 68%. With uncertainty also rising on the US elections due on 8th November investors chose to raise cash & equities globally bore the brunt of the same.

Wall Street marginally higher after minutes of the last US Federal Reserve policy meeting indicated a December rate increase was still on the cards. The Dow Jones industrial average rose 15.54 points, or 0.09% to 18,144.2, the S&P 500 gained 2.45 points, or 0.11% to 2,139.18 and the Nasdaq Composite dipped 7.77 points, or 0.15% to 5,239.02.

Oil prices struggled after falling 1 percent overnight after the Organization of Petroleum Exporting Countries reported its output hit an eight-year high in September, offsetting optimism over the group's pledge to restrict output.

On the economy front, India’s Industrial production during August contracted by 0.7%, painting a bleak picture of economy. The decline in output is attributed to yet another contraction in capital goods. Output of capital goods declined by a steep 22.2%, registering de-growth for consecutive ten months. On cumulative basis, capital goods output has declined by 19% during the first eight months of this calendar year, when compared with growth of 8.5% during the same period in 2015. Growth in consumer durables slowed as well, impacting traction in consumer goods segment. 

Nifty holds 8700 mark

The Indian equity market snapped a three-day losing streak, opening with gains of 0.5%. The domestic market traded flat to positive following tepid global cues.

The S&P BSE Sensex is trading at 28,126 up 65 points, while NSE Nifty is trading at 8,724 up 27 points.

The BSE Mid-cap Index is trading down 0.01% at 13,541 whereas BSE Small-cap Index is trading up 0.40% at 13,275.

Markets got some support with NITI Aayog vice-chairman Arvind Panagariya’s statement that India can become a $10 trillion economy in the next 15 years, from the existing $2 trillion, like China did in last one and a half decade. 

Tata Steel, Asian Paints, Cipla, M&M, Power Grid and Hero MotoCorp are among the gainers, whereas Bharti Airtel, TCS, Adani Ports, Infosys, HDFC and Sun Pharma are losing sheen on BSE.

Some buying activity is seen in metal, basic materials, consumer durables,pharma, utilities and FMCG sectors, while telecom, realty and finance are showing weakness on BSE.

The INDIA VIX is down 1.13% at 14.3200. Out of 1,875 stocks traded on the NSE, 572 declined, 1,010 advanced and 293 remained unchanged today.

A total of 94 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

Tata Teleservices (Maharashtra) climbed 5.6% after the company succeeded in wining spectrum in 1800 MHz band in Mumbai and Maharashtra Service Areas with bid values of Rs 2446 crore and Rs 1590 crore respectively. The total upfront payment to be made to Department of Telecommunications by the Company is Rs 2018 crore.

RBL Bank rose 1% to Rs 311 after the company joined hands with NeoGrowth Credit Pvt. Ltd and Overseas Private Investment Corporation to provide financing for small and medium enterprises in the Indian retail space.

Sunil Hitech Engineers jumped 18% to Rs 378.20 on BSE after the company said its board will consider the issue of bonus shares and the issue of convertible warrants to the promoters and non-promoters on 11 October 2016.

Shriram City Union Finance rallied 2.2% to Rs 2,279 after the Banking and Securities Management Committee of the company allotted 1,000 non convertible redeemable debentures to two investors.

Jammu & Kashmir Bank Ltd advanced 1% to Rs 88 after huge block deal. Around 1.22 million shares of the company changed hands in a block deal.

Excel Crop Care Ltd rises 3.4% to Rs 1,472. Shroff family and Ratanbali group has completed 24.72% and 20.26% respectively stake to Sumitomo Chemical. Sumitomo Chemical now owns 64.94% stake in teh Excel Corp Care.

Sensex, Nifty gain marginally; FMCG, metals, pharma support

The market is gaining marginally supported by strenghts in FMCG, metals and pharma stocks. The Sensex is up 67.50 points or 0.2 percent at 28128.64 and the Nifty is up 26.65 points or 0.3 percent at 8724.25. About 1565 shares have advanced, 806 shares declined, and 101 shares are unchanged. 

Tata Steel, Cipla, GAIL, Asain Paints and Lupin are top gainers while Bharti, HDFC tiwns ONGC and NTPC are losers in the Sensex. 

Gold prices were up by Rs 193 to Rs 29,850 per 10 gram in futures trade today as speculators created positions amid positive cues from the global market. 

According to analysts, a firming trend overseas where gold rebounded from the biggest weekly decline this year as investors piled into bullion-backed exchange-traded funds, lifting global holdings to the highest since 2013, and as the dollar fell for a second day, influenced the precious metal in futures trade.

Nifty above 8700 mark; Metal, FMCG stocks lead

The S&P BSE Sensex is trading at 28,165 up 104 points, while NSE Nifty is trading at 8,729 up 32 points.

The BSE Mid-cap Index is trading up 0.48% at 13,608 whereas BSE Small-cap Index is trading up 0.53% at 13,293.

Tata Steel, Asian Paints, Cipla, M&M, Power Grid and Hero MotoCorp are among the gainers, whereas Bharti Airtel, TCS, Adani Ports, Infosys, HDFC and Sun Pharma are losing sheen on BSE.

Some buying activity is seen in metal, basic materials, consumer durables, utilities and FMCG sectors, while IT and teck are showing weakness on BSE.

The INDIA VIX is down 0.70% at 14.3825. Out of 1,852 stocks traded on the NSE, 346 declined, 1,100 advanced and 406 remained unchanged today.

A total of 49 stocks registered a fresh 52-week high in trades today, while 5 stocks touched a new 52-week low on the NSE.

The rupee opened higher by 10 paise at 66.57/$ as against the previous close of 66.67/$. The rupee opened higher in early trade at the forex market today on increased selling of the American currency by banks and exporters.


The domstic markets will remain closed on Tuesday and Wednesday on account of Dussehra and Muharram, respectively.

Asian markets opened flat as all eyes on Chinese markets which open after a week of holidays & should see an uptick on the back of commodity prices rallying globally. Hang Seng and Nikkei 225 are trading in red.

Globally consolidation continues as rise in bond yields leads to balancing of most portfolio's & money allocation to emerging markets set to rise as European banking woes to hit flows. Expect rally in equities this week from oversold territory as most events discounted & pullback on the cards.

Wall Street fell modestly on Friday after sharp swings in sterling and a slightly weaker-than-expected jobs report. The Dow slid 0.2 percent, while the tech-heavy Nasdaq and the S&P 500 eased about 0.3 percent each.

On economy front, data on industrial production (IIP) for August is scheduled to come on Monday.

On the international front, the US added 1,56,000 new jobs in September but the unemployment rate in the world's largest economy rose slightly by 0.1% to 5%. The International Monetary Fund's member countries on Saturday pledged to revive flagging global trade, boost government spending and remove barriers to business to fight weak growth that has left too many people behind.

Oil extended slide below $50 a barrel after the release of weekly U.S. oil rig count and the dollar held steady versus the yen, while gold rebounded from its biggest decline in almost a year.