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.

Sensex falls over 300 points; Realty, IT drag

Closing Bell:

Finally, the BSE Sensex ended with a loss of 339  points at 27,253. The BSE Sensex opened at 26,251, touched an intra-day high of 27,397 and low of 25,905.

The NSE Nifty closed with a loss of 112 points at 8,432. The NSE Nifty opened at 8,068, hitting a high of 8,476 and low of 8,002.

Live Market:
There is selling pressure seen in the Indian stock market.  Donald Trump elected as US President.   

The Indian stock market crashed on opening on Wednesday morning, with the Sensex sinking over 1,600 points while the Nifty slumped to near 8,000 levels. 

The Nifty cracked over 400 points but bounced back from its crucial support level of 8,000. The fall in the index was weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.

At 12:01 PM, the S&P BSE Sensex is trading at 26,791 down 800 points, while NSE Nifty is trading at 8,243 down 303 points.

The BSE Mid-cap Index is trading down 4.72 % at 12,350, whereas BSE Small-cap Index is trading down 5.74% at 12,303.

Bharti Infratel, HDFC Bank, Power Grid, Lupin are losing sheen on NSE.

All the BSE sectoral indices were trading in the negative territory. Realty, metal, auto and IT are showing weakness on NSE.

The INDIA VIX is up 19.60% at 20.0575. Out of 1,870 stocks traded on the NSE, 1,495 declined, 78 advanced and 297 remained unchanged today.

A total of nine stocks registered a fresh 52-week high in trade today, while 170 stocks touched a new 52-week low on the NSE.

The rupee opened lower by 19 paise at 66.80/$ as against the previous close of 66.61/$.

On the economy front, Prime Minister Narendra Modi to abolish the Rs 500 and Rs 1,000 notes on Tuesday. Nearly 40 percent of the economy is driven by small- and medium-sized enterprises that largely run on cash transactions. 

Sensex slips 850 points

There is selling pressure seen in the Indian stock market. Dow futures plunged more than 500 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House.

The Indian stock market crashed on opening on Wednesday morning, with the Sensex sinking over 1,600 points while the Nifty slumped to near 8,000 levels. 

The Nifty cracked over 400 points but bounced back from its crucial support level of 8,000. The fall in the index was weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.

The S&P BSE Sensex is trading at 26,791 down 800 points, while NSE Nifty is trading at 8,243 down 303 points.

The BSE Mid-cap Index is trading down 4.72 % at 12,350, whereas BSE Small-cap Index is trading down 5.74% at 12,303.

Bharti Infratel, HDFC Bank, Power Grid, Lupin are losing sheen on NSE.

All the BSE sectoral indices were trading in the negative territory. Realty, metal, auto and IT are showing weakness on NSE.

The INDIA VIX is up 19.60% at 20.0575. Out of 1,870 stocks traded on the NSE, 1,495 declined, 78 advanced and 297 remained unchanged today.

A total of nine stocks registered a fresh 52-week high in trade today, while 170 stocks touched a new 52-week low on the NSE.

The rupee opened lower by 19 paise at 66.80/$ as against the previous close of 66.61/$.

On the economy front, Prime Minister Narendra Modi to abolish the Rs 500 and Rs 1,000 notes on Tuesday. Nearly 40 percent of the economy is driven by small- and medium-sized enterprises that largely run on cash transactions. 

Nifty settles over 8,500 mark ahead of US elections

The Indian equity market rallied for the second straight session. Also, increased buying by foreign funds and domestic financial institutions supported trading sentiment. The outcome of the 2016 U.S presidential elections, which will be held today, will have a bearing on global stocks. The front runner for the Presidential election is Hillary Clinton from the Democratic Party who is closely followed by Republican Party candidate, Donald Trump.

Finally, the BSE Sensex ended with a gain of 132 points at 27,591. The BSE Sensex opened at 27,537, touched an intra-day high of 27,647 and low of 27,407.

The NSE Nifty closed with a gain of 47 points at 8,543. The NSE Nifty opened at 8,540, hitting a high of 8,559 and low of 8,480.

Among the Nifty stocks, Tata Motors, Tata Motors DVR, GAIL, BHEL, Tech Mahindra, ICICI Bank and Yes Bankwere the gainers today whereas Sun Pharmaceuticals, Cipla, Aurobindo Pharma, Tata Power, HCL Tech and Lupinwere among the losers.

The auto, industrial, oil & gas, banking, finance and metal stocks led the rally today, while, pharma, FMCG and realty stocks incurred loss on the BSE index. In afternoon trade, the market saw the day's high after profit taking in select index heavyweights and pharma shares capped a further upside.

However, broader markets outperformed the benchmark indices, BSE Midcap and Smallcap indices were up between 0.20%-0.30%.

The India VIX (Volatility) index was up 1.59% at 16.7700. Out of 1,500 stocks traded on the NSE, 835 declined and 609 advanced today.

The rupee was trading marginally up by nine paise at 66.65 per US dollar.

Among other Asian markets, Hong Kong's Hang Seng was up 0.47% and Japan's Nikkei closed lower, however, Shanghai Composite Index gained 0.47%.

European stocks were mixed on Tuesday. The FTSE 100 and CAC 40 were marginally up, while DAX is trading in red.

Adani Enterprises climbed 3% after the company announced its plans to form a joint venture with Elbit Incorporated to manufacture unmanned aerial vehicles. The company will hold 51% stake in the joint venture, while the Israel-based firm will own the rest. The new venture will be called Adani-Elbit Advanced Systems India Limited.

Ashok Leyland soared 2.3% after the company posted a net profit of Rs 294 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.

Bharat Forge Ltd slipped 1% after the company posted a net profit after tax of Rs 127 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.

ICICI Bank gained 1.6% on the BSE. The bank reported net profit of Rs 3,102 crore for the quarter ended September 30, 2016 against Rs 3,030 crore in the corresponding quarter a year ago.

Mindtree Ltd zoomed 3% to Rs 442 after a huge block deal. Around 3.65 million or 2.18% stake of the company changed hands in a block deal.

Manali Petrochemical tanked 11.7% to Rs 36 after the company said its net profit fell 37% to Rs 10.39 crore in the September quarter against Rs 16.6 crore a year ago. Its total income fell 18% to Rs 154 crore.

Future Retail dropped 3.7%. Future Retail said it has agreed to buy the retail business of Hyderabad-based Heritage Foods Ltd, promoted by the family members of Andhra Pradesh chief minister N. Chandrababu Naidu, in an all-stock deal. Heritage Foods closed lower by 1.4% on the BSE.

A total of 31 stocks registered a fresh 52-week high in trade today, whereas 18 stocks touched a new 52-week low on the NSE.

Nifty above 8,500 mark

The BSE and NSE opened in green on Tuesday, tracking strength in the global markets as Americans go to vote to decide their next President.

The S&P BSE Sensex is trading at 27,563 up 104 points, while NSE Nifty is trading at 8,526 up 28 points.

The BSE Mid-cap Index is trading up 0.35% at 12,959 whereas BSE Small-cap Index is trading up 0.71% at 13,123.

Tata Motors, ICICI Bank, Bajaj Auto, Dr Reddy's and Asian Paints are among the gainers, whereas ITC, HDFC, Adani Ports, L&T, HDFC Bank and M&M are losing sheen on NSE.

Some buying activity is seen in auto, industrial, realty, consumer durables and IT sectors, while FMCG is showing weakness on BSE.

The INDIA VIX is down 0.51% at 16.4225. Out of 1,861 stocks traded on the NSE, 389 declined, 1,064 advanced and 408 remained unchanged today.

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

The rupee opened at 66.72/$ as against the previous close of 66.73/$.

Sensex ends 185 points higher; telecom, capital goods stocks drag

The Indian equity market ended higher on Monday snapping a five day losing streak. After gap up start, Nifty remained in a narrow range for most part of the session; however, profit taking in final hour trimmed the intraday gains.

The metal, pharma, banking, financials, FMCG, power and realty stocks ended with gains. On the other hand, telecom and capital goods stocks were among the major losers. The midcap closed 0.59% higher and smallcap soared 1.19%.

Trading sentiments remained on optimistic note with the report that Foreign Direct Investment in India increased by 30% at $21.62 billion during the April-September period of the current fiscal as against $16.63 billion in the same period last fiscal.

Among the Nifty stocks, Lupin, Aurobindo Pharma, Hindalco, SBI, Bank of Baroda, ITC, ICICI Bank and BHEL were the gainers whereas TCS, Tata Motors DVR, Bharti Infratel, L&T, Tata Motors and ONGC were among the losers today.

Finally, the BSE Sensex ended with a gain of 185 points at 27,459. The BSE Sensex opened at 27,552, touched an intra-day high of 27,591 and low of 27,399.

The NSE Nifty closed with a gain of 63 points at 8,497. The NSE Nifty opened at 8,536 hitting a high of 8,535.85 and low of 8,481.

The India VIX (Volatility) index was down 2.01% at 14.5075. Out of 1,516 stocks traded on the NSE, 385 declined and 1,090 advanced today.

The BSE Midcap and Smallcap indices closed lower.

The rupee was trading down five paise at 66.74 per US dollar.

On the global front, Asian stocks bounced and the dollar strengthened on Monday. Oil prices rose by over 1% with traders citing opportunistic buying after sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals. Japan’s Nikkei closed higher. China’s Shanghai Composite and Hong Kong’s Hang Seng ended marginally up.

In Europe, the FTSE 100 gained 1.3%. The CAC 40 and DAX jumped 1.7% each.

Lupin soared 7% to Rs 1,519 after the company received the inspection closure report from the USFDA for its Goa facility.

Punjab National Bank climbed 6.5%. Punjab National Bank reported a net profit of Rs 549 crore in the second quarter of the current fiscal, a fall of 11% from the Rs 621 crore profit recorded in the corresponding year-ago period.

Dalmia Bharat Ltd gained 1.2% as the Board of Dalmia Bharat and OCL India decided to merge the two entities. The merged entity will have a cement capacity of 25 million tonnes spread across eastern and southern India.

Bank of Baroda rallied 4%. Bank of Baroda reduced the marginal cost of fund (MCLR) based interest rates by 10 basis points across different tenors with effect from November 7.

KPIT Tech gained 1.5%: KPIT Technologies will sell its Berlin-based subsidiary KPIT Medini Technologies AG to ANSYS, but did not disclose the deal size.

Dena Bank dropped 2.5% after the bank posted net loss at Rs 44 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 38.8 crore for the quarter ended September 30, 2015.

HCC climbed 3.8% to Rs 36 on the BSE. The RBI mandated Overseeing Committee (OC) has approved the (S4A) Scheme of Sustainable Structuring of Stressed Assets for Hindustan Construction Company. The ICICI led joint lenders’ forum had proposed the scheme for the infrastructure major. 

A total of 27 stocks registered a fresh 52-week high in trade today, whereas 15 stocks touched a new 52-week low on the NSE.

Sensex rallies over 250 points; Pharma, Banking stocks lead

The Indian stock market snapped a five-day losing streak amid a rebound in Asian equities and also the FBI cleared presidential candidate Hillary Clinton of potential criminal charges in its private email server probe.

The S&P BSE Sensex is trading at 27,518 up 244 points, while NSE Nifty is trading at 8,507 up 73 points.

The BSE Mid-cap Index is trading up 1.28% at 12,903 whereas BSE Small-cap Index is trading up 1.64% at 13,088.

Lupin, ITC, Adani Ports, SBI and Tata Steel are among the gainers, whereas Asian Paints, HUL, TCS, Wipro and Bajaj Auto are losing sheen on NSE.

All the BSE sectoral indices were trading in the positive territory.

The INDIA VIX is down 3.22% at 16.3050. Out of 1,863 stocks traded on the NSE, 1,308 declined, 182 advanced and 373 remained unchanged today.

A total of 17 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE.

PNB Housing Finance shares got listed at Rs 863, a 11.35% premium over the issue price of Rs 775.The stock got listed on NSE at Rs 860, up 10.97%.

The rupee opened marginally lower by four paise at 66.70/$ as against the previous close of 66.74/$.

Asian markets opened in the green after a week of declines & should see pull back from deeply oversold zone extend as we head into the results of US elections due on Tuesday night.

The pessimism & fear caused by the rhetoric & predictions of the results have left an extremely sour taste in the face of most investors with November losses wiping out entire 4 months of profits on equities. With most negatives being priced in expect the Christmas rally on Wall Street to get preponed to this week as chances of a Clinton win return after the FBI report on mails soothes nerves.

While FPI numbers have failed to cheer the street, Mutual Fund industry's asset base hit an all-time high of Rs. 16.3 trillion at the end of October.

The government will kick off its pre-budget consultations with a host of industry associations from today. As the macro numbers come in during the week, a revival in IIP and a dip in CPI will cheer market.