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.

RBL Bank hits a new 52-week high due to strong Q4 earnings

The stock of RBL Bank on Wednesday hit a new all-time high of Rs 600 on BSE after the company reported incredible earnings growth for the quarter ended March 2017.

 
According to the BSE filing, the bank reported a net profit of Rs 130.1 crore in the quarter ended March 2017.

The growth of the bank was reportedly driven by net interest income, other income and operating income.
 
The stock is trading at Rs 592 up by 1.2% during lunch hours on Wednesday on BSE.
 
The stock witnessed a spurt in the volume by more than 1.75 times. The stock hit a high of Rs 600 and a low of Rs 573.50 so far during the day.
 
RBL Bank Limited is engaged in providing a range of banking and financial services, including commercial banking, retail banking, agriculture finance and financial inclusion, treasury operations and other banking related activities.
 
Stock View:
 
RBL Bank Ltd is currently trading at Rs 592.55, up by Rs 7 or 1.2% from its previous closing of Rs 585.55 on the BSE.
 
The scrip opened at Rs 580 and has touched a high and low of Rs 600 and Rs 573.5 respectively. So far 5284946(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 21970.02 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 599 on 11-Apr-2017 and a 52 week low of Rs 273.7 on 31-Aug-2016. Last one week high and low of the scrip stood at Rs 590 and Rs 547.25 respectively.
 
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 21.56 % and 78.44 % respectively.
 
The stock is currently trading above its 50 DMA.

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%.🔺