Category: Stock market

Markets trade flat; metal, healthcare stocks up

05/07/2017 13:27

Indian equity benchmarks were trading in a narrow range with positive bias during the afternoon session on Wednesday led by buying activity mainly in the metal and healthcare sector stocks.

At 1:03 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 31,214.86 up by 5.07 points or 0.02 per cent while the NSE Nifty was at 9,624.05 up by 10.75 points or 0.11 per cent.

Besides, investors keenly eyed the June quarter corporate earnings that will begin next week.

The top gainers of the BSE Sensex pack were Lupin Ltd. (Rs. 1076.55,+3.10%), Mahindra & Mahindra Ltd. (Rs. 1385.65,+2.28%), Reliance Industries Ltd. (Rs. 1441.45,+1.32%), Asian Paints Ltd. (Rs. 1120.60,+1.07%), Dr. Reddy’s Laboratories Ltd. (Rs. 2657.00,+1.01%), among others.

Major show spoilers were ITC Ltd. (Rs. 332.20,-1.45%), Infosys Ltd. (Rs. 949.55,-1.14%), Bharti Airtel Ltd. (Rs. 375.70,-0.95%), Housing Development Finance Corporation Ltd. (Rs. 1628.05,-0.75%), Wipro Ltd. (Rs. 258.00,-0.73%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2725 shares traded, 1628 advanced while 954 shares declined and 143 remained unchanged.

On the global front, Asian markets were green, however, caution prevailed as Independence Day celebrations in the US kept trading activity muted and geopolitical tensions continue to heat up.

Markets remain under pressure; L&T, Tata Motors shares dip

The key domestic benchmark indices were trading in a negative terrain in the morning trading session amid weakness in Asian stocks as markets remained under pressure.

On the corporate front, Central Depository Services (CDSL) shares debuted with 68 percent gains on the National Stock Exchange. The share price opened at Rs 250 against the issue price of Rs 149.The bumper listing was on expected lines as the issue had overwhelming response, oversubscribing 170 times. HDFC also remained in focus on the news that HDFC Life, one of the country’s leading private sector life insurance companies, will decide on the initial public offering (IPO) in its Board meeting in July.

At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 30750.94 down by 106.58 points or by 0.35 per cent, while the NSE Nifty was at 9466.2 points, trading lower by 37.9 points or by 0.4 per cent.

The BSE Sensex touched an intraday high of 30824.97 and an intraday low of 30680.66 while the NSE Nifty touched an intraday high of 9478.9 and an intraday low of 9448.75

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 550.00,+2.14 per cent), ITC Ltd. (Rs. 315.40,+1.28 per cent), Power Grid Corporation of India Ltd. (Rs. 210.00,+1.03 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 2670.00,+0.89 per cent), Cipla Ltd. (Rs. 549.15,+0.81 per cent), among others.

Meanwhile, Larsen & Toubro Ltd. (Rs. 1670.20,-1.89 per cent), Tata Motors Ltd. (Rs. 265.50,-1.28 per cent), Bharti Airtel Ltd. (Rs. 377.80,-1.25 per cent), Housing Development Finance Corporation Ltd. (Rs. 1612.00,-1.23 per cent), ICICI Bank Ltd. (Rs. 290.35,-1.14 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2048 shares traded, 858 shares advanced, 1081 shares declined while 109 were unchanged.

On the global front, Asian stocks were trading lower today despite China manufacturing activity beating expectations as select tech shares around the region sold off, while the Wall Street closed lower in the previous trading session as S&P 500 and the Dow industrials suffered losses largely weighed down by technology stocks.


30/06/2017 10:22

Post Session: Sensex slips 180 pts to close below 31K; rate sensitive stocks drag

Weighed down by sharp losses in rate sensitive realty and bank stocks, the Indian equities ended lower for the second straight session on Tuesday, tracking mixed cues from Asian market. On the sectoral front, banking stocks emerged as top losers after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI. Reacting to the news, index heavyweights, PNB, Bank of Baroda, SBI, Axis Bank and Federal Bank, fell between 4.5 per cent to 2 per cent.

The 30-share barometer SENSEX closed at 30958.25, down by 179.96 points or by 0.58 per cent, and then NSE Nifty ended at 9511.4, down by 63.55 points or by 0.66 per cent.

In line with benchmark indices, the broader markets witnessed sharp selling with BSE MIDCAP falling 114.93 points, or by 0.79 per cent to settle at 14468.88, while the BSE SMLCAP ended at 15141.08, down by 240.82 points or by 1.57 per cent.

During the day’s trade, Sensex touched an intraday high of 31294.96 and intraday low of 30847.08, while the NSE Nifty touched intraday high of 9615.4 and intraday low of 9473.45.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 279.40,-3.27%), Axis Bank Ltd. (Rs. 492.80,-2.34%), Infosys Ltd. (Rs. 926.35,-1.80%), Asian Paints Ltd. (Rs. 1134.00,-1.73%), Bajaj Auto Ltd. (Rs. 2779.20,-1.61%), among others.

On the flip side, Bharti Airtel Ltd. (Rs. 371.80,+1.61%), Oil And Natural Gas Corporation Ltd. (Rs. 159.95,+1.23%), Hero MotoCorp Ltd. (Rs. 3695.95,+0.97%), Tata Steel Ltd. (Rs. 510.45,+0.60%), Adani Ports & Special Economic Zone Ltd. (Rs. 367.25,+0.56%), were among the top gainers on the BSE.

On the sectoral front, all the indices ended bleeding in red, barring consumer durables, while rate sensitive bank and realty stocks emerged as top losers, falling as much as 1.45 per cent and 1.4 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2967, shares advanced were 808 while 1979 shares declined and 180 were unchanged.


27/06/2017 16:07

Post Session: Sensex, Nifty end flat in choppy trade; oil&gas, realty stocks drag

The Indian equities ended flat in a volatile trading session on Thursday, tracking mixed cues from Asian market, weighed down by sharp selling in oil and gas and realty stocks. The BSE Sensex opened higher today and surged 211 points to hit an all-time high of 31,522.87, but pared all the gains to close flat at 31,290, as investors pressed sell button in the final hour of the trade amid weak European cues.

The 30-share barometer SENSEX closed at 31290.74, up by 7.1 points or by 0.02 per cent, while the NSE Nifty ended at 9630, down by 3.6 points or by 0.04 per cent.

Early today, the benchmark indices witnessed surge in buying activity after capital market regulator Sebi eased takeover norms for restructuring listed companies with stressed assets, a move which will further boost fight against bad loan.

During the day’s trade, Sensex touched an intraday high of 31522.87 and intraday low of 31255.63, while the NSE Nifty touched intraday high of 9698.85 and intraday low of 9617.75.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 538.70,+2.03%), State Bank of India (Rs. 294.55,+1.50%), Housing Development Finance Corporation Ltd. (Rs. 1650.35,+1.41%), Reliance Industries Ltd. (Rs. 1433.15,+1.06%), Bajaj Auto Ltd. (Rs. 2850.00,+1.02%), among others.

On the flip side, Oil And Natural Gas Corporation Ltd. (Rs. 160.50,-2.82%), Hindustan Unilever Ltd. (Rs. 1094.25,-2.62%), Lupin Ltd. (Rs. 1066.95,-2.49%), Power Grid Corporation of India Ltd. (Rs. 201.60,-2.11%), Dr. Reddy’s Laboratories Ltd. (Rs. 2629.45,-2.05%), were among the top losers on the BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3009, shares advanced were 1215 while 1620 shares declined and 174 were unchanged.


22/06/2017 16:05

Post Session: Sensex, Nifty end flat in choppy trade; IT, pharma stocks drag

16/06/2017 16:24

The Indian equities ended tad lower in choppy trade on Friday, undermining firm cues from Asian peers, as investors digested the US Federal rates hike, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. Most of the Asian markets closed higher as the Bank of Japan maintained status quo in its latest policy review. IT, Teck and pharma stocks witnessed selling pressure amid concerns over earnings outlook. IT bellwether Infosys dipped over 1 per cent after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post.

The 30-share barometer SENSEX closed at 31056.4, down by 19.33 points or by 0.06 per cent, and the NSE Nifty ended at 9588.05, up by 10 points or by 0.1 per cent.

During the day’s trade, Sensex touched an intraday high of 31182.73 and intraday low of 31017.18, while the NSE Nifty touched intraday high of 9615.85 and intraday low of 9565.5.

The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1131.00,-4.40%), Sun Pharmaceutical Industries Ltd. (Rs. 529.15,-2.78%), Wipro Ltd. (Rs. 254.95,-2.24%), Cipla Ltd. (Rs. 537.05,-2.20%), Infosys Ltd. (Rs. 940.50,-1.24%), among others.

On the flip side, Tata Motors Ltd. (Rs. 455.50,+1.57%), ITC Ltd. (Rs. 306.30,+1.46%), Adani Ports & Special Economic Zone Ltd. (Rs. 362.65,+0.67%), State Bank of India (Rs. 285.85,+0.63%), NTPC Ltd. (Rs. 160.25,+0.53%), were among the top gainers on the BSE.

Among the sectors, healthcare and IT stocks emerged as top losers, falling as much as 1.52 per cent and 0.83 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2994, shares advanced were 1427 while 1400 shares declined and 167 were unchanged.

Post Session: Sensex, Nifty end flat; IT, Teck stocks drag

13/06/2017 15:53

Hit by foreign capital outflows, the Indian equities ended flat with marginal gains on Tuesday as caution prevailed in the market ahead of the US Federal Reserve’s two-day policy meeting decision. Some concerns also came with the private report that farm loan waivers are populist actions and frequent occurrence of such populist actions may lead to risks of impaired credit discipline and weak risk-reward for banks and reduced credit availability for borrowers. IT and Teck stocks witnessed hefty selling, falling nearly 1 per cent each, taking cues from Wall Street which was dragged lower by technology stocks.

The 30-share barometer SENSEX closed at 31103.49, up by 7.79 points or by 0.03 per cent, while the NSE Nifty ended at 9606.9, down by 9.5 points or by 0.1 per cent.

During the day’s trade, Sensex touched an intraday high of 31260.77 and intraday low of 31062.34, while the NSE Nifty touched intraday high of 9654.15 and intraday low of 9595.4.

The top gainers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 210.00,+1.94%), Lupin Ltd. (Rs. 1177.40,+1.73%), Housing Development Finance Corporation Ltd. (Rs. 1668.45,+1.52%), NTPC Ltd. (Rs. 160.00,+1.27%), Adani Ports & Special Economic Zone Ltd. (Rs. 359.50,+0.67%), among others.

On the flip side, Tata Motors Ltd. (Rs. 449.60,-1.51%), Tata Consultancy Services Ltd. (Rs. 2453.40,-1.47%), Wipro Ltd. (Rs. 259.35,-1.44%), Hero MotoCorp Ltd. (Rs. 3750.00,-0.65%), Mahindra & Mahindra Ltd. (Rs. 1415.00,-0.65%), were among the top losers on the BSE.

Among the sectors, power and realty stocks emerged as top gainers, rising as much as 0.78 per cent and 0.75 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 3024, shares advanced were 1416 while 1395 shares declined and 213 were unchanged.

Post Session: Sensex falls 119 points; Nifty settles below 9650

06/06/2017 16:15

Indian benchmark indices settled the day on a negative note today as traders preferred profit booking ahead of outcome of two-day monetary policy committee meeting that is due on Wednesday.

According to analysts, the Reserve Bank of India (RBI) will likely strike a less hawkish tone while leaving interest rates unchanged at a policy meeting tomorrow, as inflation is running well below forecasts, and the economy has slowed more than expected.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31190.56, down by 118.93 points or by 0.38 per cent, and the NSE Nifty ended at 9637.15, down by 37.95 points or by 0.39 per cent.

During the day’s trade, Sensex touched intraday high of 31430.32 and intraday low of 31172.55, while the NSE Nifty touched intraday high of 9709.3 and intraday low of 9630.2.

Major laggards on the D-street included, Tata Motors Ltd. (Rs. 460.90,-3.58%), NTPC Ltd. (Rs. 158.25,-2.65%), Oil And Natural Gas Corporation Ltd. (Rs. 171.50,-2.28%), ITC Ltd. (Rs. 311.00,-2.05%), Larsen & Toubro Ltd. (Rs. 1775.80,-1.60%), among others.

However, some buying was witnessed in Tata Consultancy Services Ltd. (Rs. 2695.40,+3.63%), Infosys Ltd. (Rs. 979.45,+2.00%), Wipro Ltd. (Rs. 560.65,+0.91%), Dr. Reddy’s Laboratories Ltd. (Rs. 2550.35,+0.61%), Adani Ports & Special Economic Zone Ltd. (Rs. 361.85,+0.26%), among others.

On the sectoral front, consumer durables and power stocks emerged as major losers, falling as much as 2.01 per cent and 1.62 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3029, shares advanced were 1006 while 1846 shares declined and 177 were unchanged.

Post Session: Sensex, Nifty end at record high; broader markets fall

29/05/2017 16:14

The Indian equities extended gaining momentum for the third day on Monday, with benchmarks Sensex and Nifty closing at fresh high, helped by strong buying across FMCG, auto and consumer durables stocks, tracking muted cues from Asian markets after the latest ballistic missile test by North Korea. However, hefty selling across broader markets, with MidCap and SmalCap falling between 1.03 per cent-1.53 per cent, restricted the upward movement. The market rally was supported by sustained fund inflows and buying in frontline bluchip such as HDFC, HUL, Cipla, ITC, Hero MotoCorp and Maruti Suzuki.

The 30-share barometer SENSEX closed at a new high of 31109.28, up by 81.07 points or by 0.26 per cent, and the NSE Nifty ended at 9604.9, up by 9.8 points or by 0.1 per cent.

In the choppy trade, Sensex touched an intraday high of 31214.39 and intraday low of 30869.9, while the NSE Nifty touched intraday high of 9637.75 and intraday low of 9547.7.

The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1598.80,+3.29%), Hindustan Unilever Ltd. (Rs. 1072.70,+3.07%), Power Grid Corporation of India Ltd. (Rs. 208.45,+2.76%), Cipla Ltd. (Rs. 504.15,+2.55%), ITC Ltd. (Rs. 316.00,+2.38%), among others.

On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 502.85,-11.56%), Adani Ports & Special Economic Zone Ltd. (Rs. 328.30,-5.38%), ICICI Bank Ltd. (Rs. 314.70,-2.16%), State Bank of India (Rs. 284.40,-1.40%), Infosys Ltd. (Rs. 985.30,-1.09%), were among the top losers on the BSE.

Among the sectors, FMCG and auto stocks emerged as top gainers, rising as much as 1.55 per cent and 0.33 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3049, shares advanced were 956 while 1899 shares declined and 194 were unchanged.

Subdued trade continues at D-Street; RCom sinks over 18%

29/05/2017 13:41

Indian equity benchmarks were trading in a narrow range with positive bias during the afternoon session on Monday led by continued buying by investors mainly in the FMCG and consumer durables sector stocks amid mixed cues from fellow Asian peers after latest missile test conducted by North Korea.

At 1:01 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 31,083.44 up by 55.23 points or 0.18 per cent while the NSE Nifty was at 9,601.65 up by 6.55 points or 0.07 per cent.

However, shares of Reliance Communications Ltd (RCom) plunged nearly 18.41 per cent after it has reported its consolidated net loss after taxes at Rs 948 crore for the January-March quarter of FY17, against net profit of Rs 79 crore during the same period a year ago, hit by Reliance Jio free offers, disruptive pricing and unprecedented competitive intensity in the industry.

The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 1069.00,+2.72%), ITC Ltd. (Rs. 316.55,+2.56%), Housing Development Finance Corporation Ltd. (Rs. 1587.00,+2.53%), Cipla Ltd. (Rs. 503.00,+2.32%), Maruti Suzuki India Ltd. (Rs. 7166.20,+1.31%), among others.

Major show spoilers were Sun Pharmaceutical Industries Ltd. (Rs. 508.20,-10.61%), Adani Ports & Special Economic Zone Ltd. (Rs. 328.50,-5.32%), ICICI Bank Ltd. (Rs. 316.00,-1.76%), Infosys Ltd. (Rs. 980.60,-1.57%), Wipro Ltd. (Rs. 532.25,-1.23%), among others.

The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,772 shares traded, 924 advanced while 1,679 shares declined and 169 remained unchanged.

Post Session: Fabulous Friday for markets; Sensex hits 31,000 for the first time

26/05/2017 16:22

The Indian equities continued gaining streak for the second day, with benchmarks Sensex and Nifty closing at record high in a broad-based rally, as investors gave thumbs-up to Narendra Modi-led NDA government’s three years in office. Adding to it, reports of increase in pre-monsoon showers across the India, which gives a glimpse of the arrival of monsoon 2017 sooner-than-later, also gave a lift to market sentiment. The market rally was also supported by sustained fund inflows and strong corporate earnings by frontline bluchip such as ITC, HPCL. ITC jumped 3 per cent after FMCG major reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment.

The 30-share barometer SENSEX closed at a new high of 31028.21, up by 278.18 points or by 0.9 per cent, and then NSE Nifty settled at 9595.1, up by 85.35 points or by 0.9 per cent.

In the bullish trade, Sensex touched an intraday high of 31074.07 and intraday low of 30745.57, while the NSE Nifty touched intraday high of 9604.9 and intraday low of 9495.4.

HPCL rallied over 11 per cent after the state-run oil marketing company reported a 31.04 per cent growth in its standalone net profit at Rs 1,818.79 crore for the fourth quarter ended March 31, 2017.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 511.80,+5.46%), ITC Ltd. (Rs. 308.65,+2.99%), Power Grid Corporation of India Ltd. (Rs. 203.80,+2.57%), Reliance Industries Ltd. (Rs. 1335.80,+2.53%), Adani Ports & Special Economic Zone Ltd. (Rs. 346.95,+1.82%), among others.

On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 568.55,-3.93%), Cipla Ltd. (Rs. 491.60,-2.48%), Lupin Ltd. (Rs. 1111.90,-2.29%), Tata Consultancy Services Ltd. (Rs. 2579.30,-1.55%), Dr. Reddy’s Laboratories Ltd. (Rs. 2411.70,-0.64%), were among the top losers on the BSE.

Among the sectors, all the indices ended in green, barring healthcare, while metal and oil&gas stocks emerged as top gainers, rising as much as 3.4 per cent and 2.08 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3032, shares advanced were 1926 while 905 shares declined and 201 were unchanged.