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Showing posts from April, 2018

Nifty hits 10,750 mark; Reliance falls after profit miss

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Benchmark indices opened higher on Monday led by IT, PSU Bank, auto, FMCG and pharma stocks and also positive Asian cues and after RBI further liberalised ECB policy.

At 9:38 AM, the BSE Sensex was trading higher by 173 points at 35,143 and the Nifty50 index was up 48 points at 10,740.

In the broader market, the BSE Midcap gained 0.21% and the BSE Smallcap indices added 0.54%, respectively.

Shares of Reliance Industries were down 1% after Q4 earnings. The company’s consolidated revenue stood at Rs1,20,143cr, up 29% yoy. Net profit for the quarter came in 1% higher than the estimated figure of Rs9,347cr.

Kalpataru Power Transmission stock gained 2.5% after the global EPC player secured new orders worth Rs1,463cr.

HCL Tech (+3.5%), Adani Ports (+2.1%), Wipro (+2%), TCS (+1.8%) and Infosys (+1.7%) were the top gainers on Nifty50.

Axis Bank (-2.6%), Reliance Industries (-2%), UPL (-1.9%), BPCL (-0.99%) and Hindalco (-0.89%) were the top losers in today’s trade.

Out of 2,026 stocks traded on the…

निफ्टी 10600 के करीब, सेंसेक्स 40 अंक कमजोर

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खराब ग्लोबल संकेतों के चलते घरेलू बाजारों पर दबाव देखने को मिल रहा है। शुरुआती कारोबार में सेंसेक्स और निफ्टी में हल्की गिरावट के साथ कारोबार हो रहा है। निफ्टी 10,600 के पास है जबकि सेंसेक्स में 40 अंकों की गिरावट नजर आ रही है।
मिडकैप और स्मॉलकैप शेयरों में भी हल्का दबाव दिख रहा है। बीएसई का मिडकैप इंडेक्स 0.2 फीसदी गिरा है, जबकि निफ्टी के मिडकैप 100 इंडेक्स में 0.15 फीसदी की गिरावट दर्ज की गई है। बीएसई का स्मॉलकैप इंडेक्स 0.1 फीसदी लुढ़का है।
फिलहाल बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 37 अंकों की गिरावट के साथ 34,579 के स्तर पर कारोबार कर रहा है। वहीं एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी 13 अंक गिरकर 10,601 के स्तर पर कारोबार कर रहा है।
बैंकिंग, मेटल, रियल्टी और पावर शेयरों में सबसे ज्यादा दबाव नजर आ रहा है। बैंक निफ्टी 0.3 फीसदी की गिरावट के साथ 24,965 के स्तर पर कारोबार कर रहा है। हालांकि आईटी शेयरों में अच्छी खरीदारी देखने को मिल रही है।
बाजार में कारोबार के इस दौरान दिग्गज शेयरों में सिप्ला, गेल, एनटीपीसी, जी एंटरटेनमेंट, एचडीएफसी, कोटक महिंद्रा बैंक, डॉ रेड…

Nifty ends above 10600 for the first time since February 05, 2018

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Markets continued to remain on a hot streak, ending above the important resistance level of 10600 for the first time since February 05, 2018. Reliance Industries was the biggest outperformer, closing marginally below its life-time high levels, gaining ~3.75% in the trade. Financial stocks remained under selling pressure for the third day in a row with PSU Bank index ending ~1% lower. Nifty IT index saw profit booking, closing ~2% lower. Market breadth ended in the favour of the declines with Advance/Decline ratio closing at 3:4x.

Tracking the derivative data points, Nifty and Bank Nifty futures in combination of April, May & June added open interest to the tune of ~14.3 lakh shares and ~3.75 thousand shares, hinting a buildup of long positions.

Tracking the Nifty Index Options, all the major in the money and out of the money call option strikes saw an unwinding of short positions, as the index breached important resistance with Nifty 10500CE shedding the highest open positions to th…

Aurobindo’s Unit 1 clears USFDA audit with zero observations

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Bank Nifty ends weekly expiry on a flat note

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Markets traded in a narrow range before witnessing buying interest in the final hour of trade helping Nifty and Bank Nifty end near the high point of the day in an otherwise lackluster trading session.

Metal stocks were the major gainers in today’s trade with all the frontline metal stocks gaining ~4-6%.

Oil marketing companies continued to face selling pressure with BPCL, HPCL, and IOC correcting 7.18%, 5.62%, and 3.94% respectively.

Market breadth ended in the favor of the advances with Advance/Decline ratio closing at 1:1x.

Tracking the derivative data points, Nifty Futures and Bank Nifty Futures added open interest to the tune of ~3.74 lakh shares and ~82 thousand shares respectively mainly long positions.

Tracking the Bank Nifty Index Options, option writing was the flavor of the day as the Index traded in a narrow range. Bank Nifty 25200CE and 25300Ce witnessed a surge in open interest to the tune of ~14 lakh shares and ~13.84 lakh shares respectively while 25000PE witnessed a surge…

Sensex down 80 points; Infosys, UCO Bank stocks drop

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The BSE Sensex slipped nearly 300 points to crack below the 34,000 mark in early trade owing to weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

At 11:46 AM, the BSE Sensex was trading at 34,107, down 85 points, while the Nifty50 index was trading at 10,464, down 16 points.

The BSE Midcap and the BSE Smallcap indices were fell by 0.12% and 0.04%, respectively.

The downtrend was led by index heavyweight Infosys, which slipped 3% after its FY19 growth outlook disappointed the street.

Shares of UCO Bank plunged 8% on the BSE after the media report suggested that the Central Bureau of Investigation (CBI) has booked former chairman-cum-managing director of the bank’s Arun Kaul and others in connection with an alleged Rs621cr loanfraud.

Fortis Healthcare stock fell 1% after it confirmed getting interest from IHH Healthcare Bhd.

Gruh Finance gained 5% after the board also recommended a dividend of Rs3.30 per equity share of face value of Rs2 each for the…

Nifty above 10,500 mark; TCS, Infosys stocks lead

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Benchmark indices extended gains amid global clues and macro data, as investors await Infosys Q4 earnings due later in the day.

At 12:50 PM, the BSE Sensex was trading at 34,286, up 185 points, while the Nifty50 index was trading at 10,505, up 46  points.

The BSE Midcap and the BSE Smallcap indices were up by 0.67% and 0.73%, respectively.

On the economy front, retail inflation rose 4.28% in March vs 4.4% in February. IIP grew at 7.1% in February, driven by strong manufacturing growth, as against 7.4% in January.

Shares of Hindalco and Vedanta gained after aluminium prices on the London Metal Exchange rose for seventh day in a row.

Shares of Fortis Healthcare were trading higher after the company, late yesterday night, received an offer from offices of Munjals and Burmans. Media reports also suggest that Kuala Lumpur-based IHH Healthcare has also sent a letter to board of the Fortis Healthcare indicating that it would be willing to offer Rs160 per share to acquire controlling stake in the …

Nifty near 10,500 mark; Infosys down marginally

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Benchmark indices extended gains amid global clues and macro data, as investors await Infosys Q4 earnings due later in the day.

At 9:53 AM, the BSE Sensex was trading at 34,218, up 118 points, while the Nifty50 index was trading at 10,489, up 30 points.

BSE Midcap and the BSE Smallcap indices were up by 0.55% and 0.64%, respectively.

On the economy front, retail inflation rose 4.28% in March vs 4.4% in February. IIP grew at 7.1% in February, driven by strong manufacturing growth, as against 7.4% in January.

Shares of Hindalco and Vedanta gained after aluminium prices on the London Metal Exchange rose for seventh day in a row.

Shares of Fortis Healthcare were trading higher after the company, late yesterday night, received an offer from offices of Munjals and Burmans. Media reports also suggest that Kuala Lumpur-based IHH Healthcare has also sent a letter to board of the Fortis Healthcare indicating that it would be willing to offer Rs160 per share to acquire controlling stake in the compa…

Nifty above 10,350 mark; Lemon Tree, Titan stocks gain

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Benchmark indices extended early gains after it opened on a positive note, with banking stocks emerging among top gainers.

At 11:22 AM, the BSE Sensex was trading at 33,762, up 134 points, while the Nifty50 index was trading at 10,379, up 47 points.

The BSE Midcap and the BSE Smallcap indices was down by 0.13% and 0.04%, respectively.

Lemon Tree Hotels scrip got listed at Rs61.60 on the BSE, a 10% premium over the issue price of Rs56.

Shares of ICICI Bank fell 2% after media reports said that directors are likely to meet this week to discuss the way ahead for CEO Chanda Kochhar.

Shares of Titan rose over 2.5% after it said FY17-18 was a very satisfactory year in terms of overall business performance. Its revenue growth and operating profits for jewellery and watches have been strong.

Volatility index India VIX was up 1.64% to 14.9900.

Hindalco (+3%), HPCL (+2.8%), Titan (+2.7%), Asian Paints (+1.8%) and IOC (+1.4%) were the top gainers on Nifty50.

ICICI Bank (-1.8%), Coal India (-0.56%), GAIL…

Nifty hovers around 10,300 mark; Magma FinCorp, IndiGo stocks down

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Benchmark indices remained under pressure, weighed down by weakness in Infosys, L&T, Tata Motors and Axis Bank. Losses may, however, get capped by positive sentiment created by RBI monetary policy which sounded dovish and triggered a sharp rally in the previous session.

At 10:03 AM, the BSE Sensex was trading at 33,514, down 83 points, while the Nifty50 index was trading at 10,298, down 27 points.

The BSE Midcap and the BSE Smallcap indices was down by 0.13% and 0.04%, respectively.

Magma FinCorp slipped over 4.5% after 10% equity or about 2.4cr shares changed hands in block deals.

IndiGo stock fell 1.5% after it dropped out of the race to acquire the debt-laden Air India.

Sobha stock surged 9% after the company said that its new sales volume in the fourth quarter rose 40.4 percent at 10.15 lakh square feet.

Volatility index India VIX was up 2.1% to 14.7975.

HPCL (+2%), BPCL (+1.80%), Adani Ports (+1.6%), Lupin (+1.6%), Cipla (+1.3%) were the top gainers on Nifty50.

SBI (-1…

Nifty above 10,200 mark; Pharma stocks gain

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Equity benchmark indices were trading in the positive zone. Today's gain were led by auto, capital goods and healthcare stocks. Auto stocks advanced after declaring good monthly sales volume data for March.

At 3:14 PM, the BSE Sensex was trading at 33,247, up 278 points, while the Nifty50 index was trading at 10,208, up 94 points.

The BSE Midcap and the BSE Smallcap indices were up 1.02% and 1.93%, respectively.

Dr. Reddy’s stock gained over 2% after its US subsidiary Promius Pharma filed for New Drug Application for its migraine candidate.

Axis Bank stock fell 2% after the RBI asked its board to reconsider fourth three-year term it handed to CEO Shikha Sharma, as per media reports.

Lupin surged 5% after the company announced the successful facility review carried out by Health Canada for its Pithampur Unit 2, Indore manufacturing facility.

Pharma shares gained. Cipla (up 3.72%), Dr Reddy's Laboratories (up 2.14%), Glenmark Pharmaceuticals (up 1.3%), Cadila Heal…