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Showing posts from May, 2017

Sharda Motor hits the roof post strong Q4 earnings

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Sharda Motor Industries on Tuesday posted 131.79% rise in net profit to Rs 19.47 crore for the quarter ended March 31, 2017. The company had posted a net profit of Rs 8.40 crore in the same quarter of the previous year.
The board of directors at its meeting held on May 30, 2017, has recommended a final dividend of Rs 6.25 per equity share for the financial year 2016-17.
Sharda Motor Industries on Wednesday was locked in 20% upper circuit at Rs 2,144.90 per share. The stock witnessed a spurt in the volume by more than 20.44 times.
Its peers include Bosch, Lumax Industries and Omax Autos.
Sharda Motor Industries Limited is engaged in the manufacturing and assembly of auto components and white goods components.
Sharda Motor Industries Ltd :-
BSE 2,144.90357.45(20%) NSE 2,144.30357.35(20%)
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Live Stock Market Updates: Markets consolidate; Nifty holds 9625

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Cox & Kings stock rises 3% to trade at Rs 223 per share on demerger of foreign exchange division. Steel Strip Wheels is buzzing on the bourses as it gets 5000 wheel orders from Europe. The stock is trading higher by around 2.5% at Rs 861.5 per share on NSE.
There were 962 advances, 637 declines and 352 unchanged stocks on NSE reflecting strong positive undertone in the market.
At 1 PM, the S&P BSE Sensex is trading at 31182 up 23 points, while NSE Nifty is trading higher by 4 points at 9629. A total of 40 stocks registered a fresh 52-week high in trade today, while 44 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.94% at 14489, while BSE Small-cap Index is trading up 1.06% at 15081
Some buying activity is seen in Capital Goods, Pharma, Auto, while Energy, Telecom, IT and Metal are showing weakness on BSE.
M&M, Lupin, Ultratech Cement, Dr Reddy’s, Power Grid are among the gainers, whereas Bharti Infratel, Vedanta Limited, ONGC, ITC, Auro…

Live: Sensex Trades On Flat Note, Nifty Holds 9,600; M&M Jumps 3%.

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The Sensex was trading on a flat note while the broader Nifty was holding its important 9,600 level in morning deals as heavyweights like ITC, Infosys, HDFC Bank, Reliance Industries and Tata Motors came under selling pressure on account of profit booking after the Sensex closed at its fresh record high in the previous session. The broader markets were outperforming the benchmark indices with the BSE mid-cap index rising nearly 1 per cent and small-cap index jumping close to 0.5 per cent.
Here are the live market updates:
10:11 am: Real estate shares were witnessing buying interest. The BSE Realty index was up 1.6 per cent; HDIL was the top gainer from this space, up 7 per cent at Rs. 92. Indiabulls Real Estate, Prestige, Oberoi Realty, DLF, Godrej Properties and Sobha were also among the gainers.  
9:25 am: From the Nifty 50 basket of shares, 24 were advancing while 27 were declining. Aurobindo Pharma was the top Nifty loser, down 1.5 per cent to Rs. 571 after yesterday's 13 per c…

Live Stock Market Updates: Nifty trades flat; Broader market indices outperform

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BSE Mid-cap index has been outperforming the major indices in the market in the morning hours on Wednesday. NLC India Limited is the top gainer in the index trading higher by around 8% at Rs 106.85 per share. It is ‘Navratna’ Public Sector Enterprise, under the administrative control of Ministry of Coal.
The company is looking for increasing the borrowing powers of board of directors upto Rs 35,000 Cr and for creation of security on the assets of the Company up to that value
There were 986 advances, 536 declines and 425 unchanged stocks on NSE reflecting strong positive undertone in the market.
At 10 AM, the S&P BSE Sensex is trading at 31171 up 12 points, while NSE Nifty is trading at 9626 up 1 point. A total of 22 stocks registered a fresh 52-week high in trade today, while 37 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.95% at 14628, whereas BSE Small-cap Index is trading up 0.87% at 15053.
Some buying activity is seen in Capital Goods, Ph…

Ten stocks to watch out for on Wednesday

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NHPC :- The state-run company reported a standalone net profit at Rs 168.42 crore in the quarter ended March 31, 2017, a decline of 31%, as against Rs 245.48 crore in the same quarter of the previous year.
Jet Airways :- The airline company on Tuesday reported around 95% decline in consolidated net profit at Rs 23 crore for the quarter ended March 31, 2017, due to higher fuel prices and lower fares. The company had reported a net profit of Rs 426 crore in the same quarter of the previous year.
MTNL : -The company reported a net loss of Rs 634.8 crore for the quarter ended March 31, 2017, as against a net profit of Rs 188.64 crore in the same quarter of the previous year.
Gitanjali Gems :- The company on Tuesday posted a consolidated net profit of Rs 5.14 crore for the quarter ended March 31, 2017, as against a net loss of Rs 23.24 crore in the same quarter of the previous year.
SAIL :- The leading steel company reported a net loss of Rs 771.3 crore for the quarter ended March 31, 2017, as…

Glenmark Pharmaceuticals receives ANDA approval for Atomoxetine capsules

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Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Atomoxetine capsules USP, 10 mg, 18 mg, 25 mg, 40 mg, 60 mg, 80 mg and 100 mg, the generic version of Strattera capsules, 10 mg, 18 mg, 25 mg, 40 mg, 60 mg, 80 mg and 100 mg, of Eli Lilly and Company.
According to IMS Health sales data for the 12-month period ending April 2017, the Strattera capsules, 10 mg, 18 mg, 25 mg, 40 mg, 60 mg, 80 mg and 100 mg market1 achieved annual sales of approximately $1.1 billion.
Glenmark’s current portfolio consists of 117 products authorized for distribution in the U.S. marketplace and approximately 67 ANDA’s pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.
Stock view :-
Glenmark Pharmaceuticals Ltd ended at Rs 624.55, up by Rs …

Opening Bell – Nifty opens above 9630, Sensex over 31200, M&M top Nifty gainer

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At 9:15 AM, the BSE Sensex opened lower by 63 points at 31222, while the Nifty50 opened lower by 12 points at 9636 mark.
M&M is the top Nifty gainer and ONGC is the top Nifty loser in the morning hours. 
There are 886 advances, 534 declines and 476 unchanged stocks on NSE reflecting some positive bias floating in the market.
Now, going forward, Nifty50 needs to hold above the levels of 9,640-9,650 to extend its up move towards the levels of 9,680-9,700. On the downside, the support for Nifty50 is placed at the levels of 9,550 and 9,505.
The US stocks closed with marginal loss on Tuesday, snapping a long winning streak as weakness emerged in the energy and banking stocks. The Dow Jones Industrial Average shed 51 points to finish at 21,029. The S&P 500 index shed 3 points to close at 2,413. The Nasdaq Composite Index closed down 7 points at 6,203.
Asian markets were trading mixed on Wednesday. Japan’s Nikkei 225 has slipped 20 points, whereas Hong Kong’s Hang Seng has surged 79…

F&O cues for D-Street

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The Nifty50 index on Tuesday continued its upward move for the fourth consecutive session in a row and closed at a record high of 9,624. It continued the formation of higher lows for the fourth day and made a small bullish candle on the daily chart.
On the options front, maximum Put open interest was seen at strike prices 9,400 and 9,500 while maximum Call open interest stood at 9,700 followed by 9,600.
The Nifty witnessed fresh Put writing at strike prices 9,500, 9,600 and 9,400 while fresh Call writing was seen at strike prices 9,600 and 10,000.
The Bank Nifty has been consolidating between 23,100 to 23,450 levels since the last three sessions. It managed to hold near 23,100 level and then headed towards 23,300 level. It has major support at 22,978, while on the upside, hurdles are seen at 23,500 and then 23,800 levels.
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Nifty closes near intraday record high, Aurobindo Pharma top Nifty gainer

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NSE Nifty closed at 9624 up by 19 points, whereas BSE Sensex closed higher by 50 points at 31159.
BSE Mid-cap index closed higher by 0.83% at 14489. BSE Small-cap index closed higher by 0.46% at 14924. India VIX closed lower by 0.19% at 11.7 level.
Aurobindo Pharma, Adani Ports, Bank of Baroda, NTPC, Tech Mahindra and ICICI Bank are the top Nifty gainers, whereas Power Grid, BPCL, Bharti Infratel, ITC, IndusInd Bank, HDFC and TCS are the top Nifty losers.
The heavyweight auto stocks sizzled on the bourses on Tuesday. Maruti Suzuki India and Motherson Sumi hit their respective 52-week high. Maruti Suzuki hit its 52-week high of Rs 7200 per share and was one of the major contributors to the BSE Metal index. On the other hand, Motherson Sumi Systems Limited hit its 52-week high of Rs 452.55 per share on the BSE.
The fertiliser stocks have been gaining ground on the bourses as India braces for the monsoon. The monsoon is expected to arrive over the Indian mainland on June 1. With the exp…

Mahindra & Mahindra Ltd: Trades in green, declares dividend

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Auto player & manufacturer Mahindra & Mahindra Ltd traded in positive territory surging over 1% at Rs 1365.05 per share on BSE.
The board of directors of the company has recommended a dividend of Rs 13 per share on face value of Rs 5 each.
The stock has witnessed a spurt in volume by more than 2.40 times in Tuesday’s trade.
On NSE, the stock has attracted a traded volume of 2,223,721 shares and a traded value of Rs 30,299.09 lakhs in Tuesday’s trade.
As per market observers, the company has been maintaining a healthy dividend payout ratio of 21.36%.
On a yearly basis, the stock has underperformed BSE Sensex & BSE Auto index.
Stock view :-
Mahindra & Mahindra Ltd ended at Rs 1362, up by Rs 11.05 or 0.82% from its previous closing of Rs 1350.95 on the BSE.
The scrip opened at Rs 1360 and touched a high and low of Rs 1377.55 and Rs 1342.75 respectively. A total of 2397632(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 83906.48 crore…

Live Stock Market Updates –Nifty above 9600, Sensex close to 31200, India Cements rise over 9%

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The BSE Fast Moving Consumer Goods is the top losing index post lunch hours on Tuesday, with ITC majorly contributing to the index losses and dragging it to lower levels. ITC is down 1.4% at Rs 311.45 per share.
Other stocks in the index such as KCP Sugar & Industries is down 7.8% at Rs 30 per share, Tilaknagar Industries is down 7.2% at Rs 11 per share, DFM Foods is down 6.9% at Rs 1235 per share, Advanced Enzyme Technologies is down 5.3% at Rs 360 per share and Parag Milk Foods is also down by 3.6% at Rs 239.70 per share.
Pioneer Distilleries, Globus Spirits and E.I.D. Parry are trading in the green territory.
Meanwhile, India Cements witnessed a sharp surge on Tuesday’s trading session. It is up by 9.3% at Rs 206 per share.
At 2 PM, the S&P BSE Sensex is trading at 31190 up 81 points, while NSE Nifty is trading at 9625 up 20 points. A total of 24 stocks registered a fresh 52-week high in trade today, while 62 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Ind…

BHEL slumps 10% after Q4 net profit down 57% to Rs 215.6 cr

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Bharat Heavy Electricals Limited (BHEL) slumped over 10.5% on the BSE at 1050 hours as the company posted a 57% drop in its net profit for the fourth quarter ended on March 2017.The stock hit a lower circuit of Rs 138 per share.
The PSU posted a profit of Rs 216 crore for the quarter, compared with Rs 506 crore posted for the corresponding period last year.
BHEL’s standalone revenue for the quarter stood at Rs 9,688 crore, indicating a 7.2 per cent decline year-on-year. Operational revenue of the company fell 2.4 per cent to Rs 101.58.
The company in its filling to the exchanges on Monday said that the board of directors have recommended final dividend at 39% (Rs. 0.78 per share).
Stock view :-
Bharat Heavy Electricals Ltd is currently trading at Rs 139, down by Rs 14.3 or 9.33% from its previous closing of Rs 153.3 on the BSE.
The scrip opened at Rs 146.7 and has touched a high and low of Rs 146.9 and Rs 133.65 respectively. So far 21501876(NSE+BSE) shares were traded on the counter.…

Jewellers' buying keeps the yellow metal alive and kicking in domestic market.

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The yellow metal lost strength in the overseas market but shined in the domestic market due to the increase in the buying by local jewellers. Gold prices spiked by Rs 100 and reached Rs Rs 29,350 per 10 grams at a bullion market. The reduced offtake by industrial units has dragged the price of silver by Rs 5 to Rs 40,265 per kg.
The wedding season has further increased the demand of the gold in the domestic market, thinks market observers. This surge in the demand spiked the price of the gold in the domestic market but a weak trend in global market corked the gain.In the global market, the gold price slipped 0.02 per cent to USD1,266.50 an ounce in Singapore.
On speculative buying, the weekly-based delivery of silver edged up by Rs 40 to Rs 40,130 per kg. Silver receded by Rs 5 to Rs 40,265 per kg. Silver coins maintained a steady trend Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces. Contact No- +91-7987573460 Mail id - info@smartmoneyfs.com Address - House no. 9, IInd F…

Syndicate Bank to raise equity capital up to Rs 3500 crore

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Syndicate Bank on Monday informed that the board of directors of the company in its meeting held on May 29, 2017, approved raising of equity capital up to Rs 3500 crore inclusive of premium. The funds will be raised by way of Qualified Institutional Placement/Rights Issue/Preferential Allotment or any other mode during the financial year 2017-18.
Further, the board also approved to raise Basel III compliant additional Tier I bonds up to Rs 1000 crore and Tier II bonds up to Rs 1000 crore, as per BSE filing.
Meanwhile, Syndicate Bank is down by 0.4% at Rs 75.55 per share at 09:16 hours IST on BSE.
Syndicate Bank provides a range of banking services. The bank's segments include treasury, corporate/wholesale banking and other banking operations.
Stock View :-
Syndicate Bank is currently trading at Rs 75.6, down by Rs 0.3 or 0.4% from its previous closing of Rs 75.9 on the BSE.
The scrip opened at Rs 75.85 and has touched a high and low of Rs 75.85 and Rs 74.5 respectively. So far 340…

Sundaram Finance recommends dividend of Rs 6.50 per share

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Sundaram Finance has recommended a final dividend of Rs 6.50 per share (65%) for the financial year ended 31st March 2017, on the paid-up capital of Rs.111.10 cr.
The board of directors of the company decided on the dividend at the  at meeting held on May 29, 2017. Sundaram Finance already informed the exchanges about this crucial decision. 
This, together with the interim dividend of Rs 5 per share (50%) paid on 10th March 2017 will make a total dividend of Rs. 11.50/- per share (115%) for the financial year ended 31st March 2017.
The stock of the company on the BSE is trading on a flat note at Rs 1479 per share down by Rs 3 per share or 0.2% in opening hours of trade.
Stock view -: 
Sundaram Finance Ltd is currently trading at Rs 1499.3, up by Rs 16.2 or 1.09% from its previous closing of Rs 1483.1 on the BSE.
The scrip opened at Rs 1479.4 and has touched a high and low of Rs 1499.3 and Rs 1479.4 respectively. So far 396(NSE+BSE) shares were traded on the counter. The current market…

आज के कारोबार के लिए ट्रेडिंग टिप्स

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कौन से हैं वो शेयर जिनमें निवेश करके कमाया जा सकता है शानदार मुनाफा।

केआर चोकसी सिक्योरिटीज के हेमेन कपाड़िया की ट्रेडिंग टिप्स

बजाज ऑटोः     खरीदें, लक्ष्य 2884 रुपये स्टॉपलॉस  2809 रुपये

जेकेडीव्हीवप्वाइंट डॉटकॉम के जे के दोशी की ट्रेडिंग टिप्स

बैंक ऑफ बडौदाः खरीदें (2-3 दिन के लिए), लक्ष्य  186 रुपये स्टॉपलॉस 168  रुपये

युंजन एडवाइजरी के एमडी अनुज दीक्षित की ट्रेडिंग टिप्स

भारत फाइनेशिंयलः बेचें, लक्ष्य 670 रुपये स्टॉपलॉस 732  रुपये

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सेंसेक्स 31125 के आसपास, निफ्टी 9600 के ऊपर

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ग्लोबल संकेतों की बात करें तो अमेरिका और यूके के बाजार कल थे बंद थे जबकि हांगकांग और चीन के बाजार आज बंद हैं। शेष अहम एशियाई बाजारों की बात करें तो एसजीएक्स निफ्टी 0.3 फीसदी नीचे कारोबार कर रहा है वहीं निक्केई भी 0.5 फीसदी घटकर कारोबार कर रहा है। उधर कमजोर डॉलर से सोना 1 महीने के ऊंचाई के करीब नजर आ रहा है लेकिन कच्चे तेल पर दबाव दिख रहा है।
इन ग्लोबल संकेतों के बीच शुरुआती कारोबार में सेंसेक्स और निफ्टी की चाल सुस्त नजर आ रही है। पी-नोट्स पर सेबी की सख्ती का असर बाजार पर दिख रहा है। निफ्टी 9600 के आसपास नजर आ रहा है, जबकि सेंसेक्स 31125 के करीब दिखाई दे रहा है। दिग्गज शेयरों के साथ ही आज के शुरुआती कारोबार में स्मॉलकैप और मिडकैप शेयरों में भी सुस्ती नजर आ रही है। बीएसई का स्मॉलकैप इंडेक्स 0.4 फीसदी गिरकर 14795 के आसपास दिख रहा है। वहीं बीएसई का मिडकैप इंडेक्स 0.5 फीसदी घटकर कारोबार कर रहा है।
आज के शुरुआती कारोबार में फार्मा शेयरों को छोड़कर चौतरफा बिकवाली नजर आ रही हैं। बैंकिंग, मेटल, आईटी, एफएमसीजी औऱ रियल्टी शेयरों में सबसे ज्यादा कमजोरी देखने को मिल रही है। पीएसयू बैंकों में आज …

Live Stock Market Updates – Nifty holds above 9600, Sensex over 200 points

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Insecticides (India) Limited on Saturday reported a standalone net profit of Rs 5.95 crore for the quarter ended March 31, 2017, as against Rs 0.47 crore in the same quarter of the previous year, as per BSE filing.
Meanwhile, the stock was up by 6.2% at Rs 652.95 per share on BSE. It hit a high of Rs 657.60 and a low of Rs 633.80 so far during the day.
Meanwhile, Finolex Industries is up by 3.6% at Rs 608.25 per share at 11:10 hours IST on BSE. It hit a high of Rs 624 and a low of Rs 605 so far.
At 3 PM, the S&P BSE Sensex is trading at 31158 up 125 points, while NSE Nifty is trading at 9618 up 22 points. A total of 53 stocks registered a fresh 52-week high in trade today, while 55 stocks touched a new 52-week low on the NSE.
There are 509 advances, 1133 declines and 323 unchanged stocks on NSE reflecting a negative bias floating in the market.
The BSE Mid cap Index is trading down 0.7% at 14413, while BSE Small cap Index is trading down 1% at 14908.
Some buying activity is seen …

Oil prices slip by 5%, aviation, tyre, paint stocks rejoice

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The stocks of aviation, paints and tyre touched new heights on the bourses on Friday as crude oil prices dipped by 5%. The oil price slipped considerably after the OPEC decided to extend the production curbs. 
OPEC's meeting gave clarity on the oil prices and shoved off all the uncertainties that were crippling the crude oil market for the last few days and triggered the shares of several sectors that are dependent on the price of crude oil. 
Aviation sector stocks namely Jet Airways ended 3% higher at Rs 482.30 per share on BSE, Interglobe Aviation closed at 1.61% at 1090.05 per share on BSE etc.
In automobile ancillaries sector, tyre stocks namely MRF closed 2.51% higher at Rs 65,391 per share on BSE, Apollo Tyres closed up 2.09% at Rs 232.25 per share on BSE on Friday’s trade.
Paint stocks like Berger Paints closed higher by 6.40% at Rs 258.45 per share on BSE, Shalimar Paints surged over 8.28% at Rs 269.95 per share on BSE in Friday’s trade.

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Jewellery stocks shine: PC Jeweller, Gitanjali Gems, TBZ & Titan Company marches ahead

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Jewellery stocks witnessed a bullish undertone on today’s intraday trade as PC Jeweller, Gitanjali Gems, Tribhovandas Bhimji Zaveri Ltd and Titan Company is trading bullish on BSE in the first half of trade on BSE.
PC Jeweller traded over 17% at Rs 527.70, Gitanjali Gems traded over 8% at Rs 69.50 per share, Tribhovandas Bhimji Zaveri Ltd traded at 8% at Rs 97.90 per share & Titan Company traded over 3% at Rs 488.80 per share on BSE on the first half of Monday’s trade.
At present, jewellery items are taxed between 2.5-3% and the coming GST taxation system may impose higher tax rate on it, believe experts. 
Stock view :-
PC Jeweller Ltd is currently trading at Rs 530.15, up by Rs 79.95 or 17.76% from its previous closing of Rs 450.2 on the BSE.
The scrip opened at Rs 450.05 and has touched a high and low of Rs 585 and Rs 450.05 respectively. So far 6279139(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 8064.77 crore.
The BSE group 'A'…

Live Stock Market Updates – Nifty trades flat amidst huge sell-off in pharma stocks Smart Money Finacial Service | Mumbai | May 29, 2017 12:00 IST

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Major pharma stocks are losing ground on the bourses during Monday’s trading session. Sun Pharma is the major contributor to the BSE Healthcare index and is dragging the index to its lows.
The stock is down by 11%. Other stocks in the sectoral index such as Alembic Pharma is down by 4%, Anuh Pharma is down by 4.8%, Orchid Pharma is down by 4.7% and Ajanta Pharma is down by 4.2%
At 12 PM, the S&P BSE Sensex is trading at 31030 up 2 points, while NSE Nifty is trading at 9588 down 7 points. A total of 45 stocks registered a fresh 52-week high in trade today, while 47 stocks touched a new 52-week low on the NSE.
There are 483 advances, 1120 declines and 361 unchanged stocks on NSE reflecting a negative bias floating in the market.
The BSE Mid cap Index is trading down 0.6% at 14413, while BSE Small cap Index is trading down 0.5% at 14948.
Some buying activity is seen in FMCG, Finance, Metal and Oil & Gas while Healthcare, Realty, Power and Auto is showing weakness on BSE.
Indiabu…

Finolex Industries posts strong quarterly result; board recommends dividend of Rs 11.50 per share

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The board of directors of Finolex Industries Ltd at its meeting held on May 26, 2017, have recommended a dividend of Rs 11.50 per share (115%) for the financial year 2016-2017.
The company on Friday reported a standalone net profit of Rs 123.26 crore for the quarter ended March 31, 2017, an increase of 50.32%, as against Rs 82 crore in the same quarter of the previous year, as per BSE filing.
Meanwhile, Finolex Industries is up by 3.6% at Rs 608.25 per share at 11:10 hours IST on BSE. It hit a high of Rs 624 and a low of Rs 605 so far.
Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes and fittings, and PVC resins.
Stock View :-
Finolex Industries Ltd is currently trading at Rs 608, up by Rs 21.1 or 3.6% from its previous closing of Rs 586.9 on the BSE.
The scrip opened at Rs 606 and has touched a high and low of Rs 624 and Rs 605 respectively. So far 78366(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 7283.43 crore…

Nifty fails to hold its highs despite ITC, HUL, HDFC Bank hitting 52-week high

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The BSE Fast Moving Consumer Goods is the top gaining index in the morning trading session. ITC and Hindustan Unilever together are contributing to the index gains and pulling it to higher levels.
ITC is up by 2.1% at Rs 315.30 per share at 10:35 hours IST on BSE. The stock traded on a new 52-week high value of Rs 319.90. Hindustan Unilever is up 1.8% at Rs 1059.65 per share. It also hit a new 52-week high value of Rs 1063.45.
The BSE bankex is trading in the red zone, whereas IndusInd Bank & HDFC Bank are trading in green. IndusInd Bank is up by 0.7% at Rs 1490.30 per share. It hit a 52-week high of Rs 1503.60. HDFC Bank also traded on a new 52-week high of Rs 1648. It is up by 0.5% at Rs 1635 per share.
Bharat Petroleum Corporation is up by 0.7% at Rs 755.50 per share. It traded at a fresh 52-week high value of Rs 769.85.
Meanwhile, Nifty 50 is down by 10 points at 9585, while BSE Sensex is up by 13 points at 31041 at 10:35 hours.
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Reliance Communications slumps 9% after posting quarterly loss; falls to 52 week low

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Reliance Communications on Saturday reported a consolidated net loss of Rs 948 crore for the quarter ended March 31, 2017. The company had posted a net profit of Rs 79 crore in the same quarter of the previous year.
The company incurred losses due to free offers, disruptive pricing and hyper competition prevailing in the telecom sector, as per BSE filing.
Meanwhile, Reliance Communications is down by 9.3% at Rs 23.40 per share at 09:43 hours IST on BSE. The stock traded on a new 52-week low value of Rs 23.30 per share.
Reliance Communications Limited is a telecommunications service provider. The company’s operations include wireless telecommunications services, broadband access to enterprise customers, managed internet data centre services, and direct-to-home (DTH) business.
Stock View :-
Reliance Communications Ltd is currently trading at Rs 23.35, down by Rs 2.45 or 9.5% from its previous closing of Rs 25.8 on the BSE.
The scrip opened at Rs 25.65 and has touched a high and low of R…

Opening Bell – Markets open on a negative note, Tech Mahindra top Nifty loser

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At 9:15 AM, the BSE Sensex opened lower by 84 points at 30944, while the Nifty50 opened lower by 35 points at 9560 mark.
Cipla is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours. 
There are 769 advances, 565 declines and 451 unchanged stocks on NSE reflecting some positive bias floating in the market.
The rupee opened at 64.48 per US dollar lower by 4 paise. On Friday, the Rupee hit its upward trajectory against the dollar for the third straight day, surging 18 paise more to end at a one-week high of 64.44, buoyed by stocks that soared to life highs.
Now, going forward, Nifty50 needs to sustain above the level of 9,610 to witness any upmove towards the level of 9,650. On the downside, the support for Nifty50 is pegged at levels of 9,565 and 9,530.
Asian markets started the first trading session of the fresh week on a mixed note. Japan’s Nikkei 225 has gained 34 points. Hong Kong’s Hang Seng has shed 3 points. The Chinese market is closed on account o…

Nifty, Sensex clock 17% gains in 2017

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The benchmark indices NSE Nifty ad BSE Sensex hit all-time high’s during Friday’s trading sessions, despite consolidation in the morning hours, mainly attributed to the cross-border tension.
The Sensex had rallied nearly 17%, whereas the Nifty50 index has soared over 17% so far in 2017.
On a weekly basis, the Sensex has gained 1.4% and the Nifty has clocked gains of 1.6% till the week ended on Friday, May 26, 2017.
Some leading analyst estimates that the Sensex will move toward 1,00,000, while the Nifty will head towards 22000 to 38000 in the next 5-7 years.
On the Sectoral front, the Nifty FMCG has gained 1.10%, mainly due to the announcement of the GST rates by the GST council earlier in the week. Whereas the broader market indices, Nifty Midcap was down 0.1%, BSE Midcap has gained 0.2% and the BSE Small-cap has gained 0.2% till Friday, on a weekly basis.
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Markets weekly wrap-up: Cipla, Lupin top Nifty losers

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The benchmark indices NSE Nifty ad BSE Sensex hit all time high’s during Friday’s trading sessions, despite of consolidation in the morning hours, mainly attributed to the cross-border tension.
The Sensex shad rallied nearly 17%, whereas the Nifty50 index has soared over 17% so far in 2017.
On a weekly basis, the Sensex has gained 1.4% and the Nifty has clocked gains of 1.6% till the week ended on Friday May 26, 2017.
Some leading analyst estimate that the Sensex will move toward 1,00,000, while the Nifty will head towards 22000 to 38000 in the next 5-7 years.
On the Sectoral front, the Nifty FMCG has gained 1.10%, mainly due to the announcement of the GST council rates. Whereas the broader market indices, Nifty Midcap was down 0.1%, BSE Midcap has gained 0.2% and the BSE Small cap has gained 0.2% till Friday, on a weekly basis. Company Name (Nifty Losers)Returns from May 22 to May 26, 2017 (%) Cipla Ltd.                                                 -13.18 Lupin Ltd.              …

Sensex breaches 31,000: What should be the next move of investors?

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BSE Sensex closed the week at an all-time of 31,028.21, on the same day when Modi-led government completed its three years in the office. NSE Nifty too followed the suit and closed at 9,595.10. In the last three years, the benchmark index has soared from 24,400 to 31,000 and delivered an absolute return of 27 per cent.
According to Vaibhav Agrawal, Head of Research and ARQ, Angel Broking, the continued MF and FII inflows in the Indian equities have taken the Indian equities to fresh highs. He says, "Coincidently this has come on the occasion of 3rd anniversary of the Modi government. This indicates that faith shown by investors in the government and its policies has been rewarded so far. While global economy remains in good shape, at the current juncture, we believe that domestic factors life GST, affordable housing, etc. are weighing more than the global factors. We continued to believe that Indian markets are likely to do well going ahead owing to the strong monsoon, reforms, l…

Sensex, Nifty hit record high as June F&O opens strong.

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The BSE Sensex rose another 133.86 points to a fresh all-time high of 30,883.89 and the Nifty hit 9,542.85 in early trade today as the June derivatives series took off on a strong footing on encouraging earnings and sustained foreign capital inflows.
The 30-share BSE index climbed 133.86 points, or 0.43 per cent, to trade at a new record of 30,883.89, breaking its previous landmark of 30,793.43 (intra-day) touched in yesterday's trade. The gauge had rallied 448.39 points in the previous session. All sectoral indices of BSE led by metal, FMCG and auto were in the positive zone, rising up to 1.84 per cent. The NSE index Nifty too hit a new high of 9,542.85 by surging 33.10 points, or 0.34 per cent, breaching its previous intra-day high of 9,532.60 touched on May 17.
Brokers said investors were busy creating new positions following the beginning of the June futures and options (F&O) series that lifted the key indices - Sensex and Nifty - to a new highs. Moreover, data showing tha…

Granules India to infuse Rs 220 crore to push the expansion of its US-based subsidiary

Granules India Limited the Hyderabad-based company is going to expand its operations of its wholly owned US-based subsidiary Granules Pharmaceuticals Inc. The pharma giant will be investing $35 million (Rs 220 crore) on the expansion. 
With the additional funding, the manufacturing capacities and pharmaceutical R&D of the subsidiary company will be boosted. Currently, in the Chantilly area of Fairfax Country, Virginia has a 100,000-sq foot facility.
The company intends to manufacture products in the location as well and currently conducts research and development to make products. In 2014 with an investment of $15 million the company along with 75 employees had entered in the US markets to establish the subsidiary.
More than 400 foreign firms have set up their units in the area, which is a hub for the life science industry.
Stock view :-
Granules India Ltd is currently trading at Rs 137.9, up by Rs 1.45 or 1.06% from its previous closing of Rs 136.45 on the BSE.
The scrip opened a…

Infosys announces a strategic alliance with HP Inc

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The information technology services behemoth, Infosys on Thursday announced a strategic alliance with HP Inc. to accelerate digital transformation for the enterprise.
According to the BSE filing, the company launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program.
Meanwhile, Infosys is up 0.6% at Rs 987.95 per share at 10:11 hours IST on BSE. It hit a high of Rs 991.10 and a low of Rs 980 so far during the day.
The company’s peers include Tata Consultancy Services, Tech Mahindra and HCL Technologies.
On the NSE, the traded volume of the shares is 4,12,132 and the traded value is Rs 4068.20 lakhs. The free float market capitalisation is Rs 1,96,496.95 crore.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services.
Stock View :-
Infosys Ltd is currently trading at Rs 988.8, up by Rs 6.9 or 0.7…

Container Corporation of India soars over 3%; declares final dividend

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The transportation services provider stocks are marched over 3% on BSE at 09:43 IST on Friday’s trading session.
The board of the company has declared a final dividend of Rs 7.50 per equity share of Rs 10 each which is in addition to an interim dividend of Rs.9.60 per equity share of face value Rs 10 each. The dividend declared is subject to approval by shareholders at the AGM.
As per market observers, the company has been able to maintain a healthy dividend payout of 27.11%.
The total traded quantity in the early hours of Friday’s intraday trade stood at 0.17 lakh.
Container Corporation of India Limited is the holding company engaged in the transportation of containers (rail and road) and handling of containers. 
Stock view :-
Container Corporation Of India Ltd is currently trading at Rs 1200, up by Rs 41.85 or 3.61% from its previous closing of Rs 1158.15 on the BSE.
The scrip opened at Rs 1179 and has touched a high and low of Rs 1216.25 and Rs 1179 respectively. So far 297504(NSE+…

Lupin trades green in morning hours on Friday

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Lupin Limited traded in negative territory for the first few minutes of Friday’s trade but turned green thereafter. The stock witnessed marginally lower opening by 0.8% at Rs 1131 per share.
Within first 20 minutes of trading on Friday, the stock turned green and is now trading marginally higher by 0.43% at Rs 1145.1 per share on NSE as of 0931 hours.
Many of the pharma stocks on NSE have been trading near their 52-week lows. The investors turned cautious as the market analysts are posting their negative concerns over the Lupin’s US business. The price environment in US market is majorly responsible for the big sell-off in the stock in past few trading sessions.
The stock, however, has lost around 13% in the past five trading session. On Thursday, the stock witnessed 45.05% of deliverable quantity to traded quantity.
Stock View :-
Lupin Ltd is currently trading at Rs 1138.05, up by Rs 0.1 or 0.01% from its previous closing of Rs 1137.95 on the BSE.
The scrip opened at Rs 1138 and has …