Nifty Auto index up, BharatForg Tops

Key benchmarks continue to trade on a positive note this Monday  early afternoon with the Nifty adding 82 points and is trading at 10,854 mark, while the Sensex up by 285 points at 35,943.24 at around 2.30 pm.

Nifty auto is up 0.89 percent with gains from Bharat Forge, TCS Motors, Mother son Sumi, Ashok Leyland, Exide Industries,  Tata Motors and Mahindra & Mahindra.

Bank Nifty is also trading higher by 0.93 percent led by Federal Bank, Yes Bank, Axis Bank, SBI, PNB among others.

Nifty pharma is trading up by 1.21 percent led by Dr Reddy's Labs, Divis Labs, Sun Pharma, Cadila Healthcare, Cipla, Biocon rising upto 2.21 percent.

Nifty energy is up 1.45 percent led by Reliance infrastructure which jumped over 3.65 percent followed by Hindustan Petroleum Corp, Reliance, Tata Power grid and ONGC.

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Force Motors shares trade higher post June sales numbers

Shares of Force Motors Ltd continue to gain during the early afternoon hours of trade on Thursday, on the back of Company’s production & sales data for the month of June.

The Company sold a total of 2,669 vehicles in June 2018 as against 2,466 vehicles in June 2017, clocking growth of about 8% on Year-on-Year (YoY) basis. The Automaker’s sales for the first quarter of FY19 increased 5% on YoY to 6,772 vehicles.

At 2:25 pm on Thursday, share price of Force Motors was quoting at Rs. 2,487.00 per share, up Rs. 90.25 or 3.77% on BSE. The scrip opened at Rs. 2,434 and touched an intraday high of Rs. 2,510 per share on BSE. Meantime, BSE benchmark was trading up 3.34 points to 35,648.74 and the NSE Nifty50 was up 2.30 points to 10,772.20.

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Idea Cellular gets shareholder’s approval to change its name Vodafone Idea Ltd

Shareholders of Idea Cellular Limited, with a requisite majority, has approved the resolution to change the name of the entity to Vodafone Idea Limited.  The shareholders furthermore approved a proposal to raise Rs. 15,000 crore via convertible securities in one or more tranches.  Idea Cellular Limited is merging with Vodafone India and is presently the third largest telecom operator in India.

These proposals are as part of the merger of Idea Cellular Limited with Vodafone India. The merger of late received a setback with the Deptt of Telecom had raised a demand from Vodafone of Rs. 4,700 crore in unpaid spectrum fees. A merger would be a significant move to reduce costs and unlock synergies to enhance competitiveness.

Shares of Idea Cellular were trading in BSE at Rs.56.60 (down 2.25%) in comparison with the previous close of Rs. 57.90. The stock hit an intraday high of Rs. 58.60 and intraday low of 56.25.  Meantime, benchmark BSE index was trading lower by 53.95 points at 35,436.09 and the NSE Nifty at 10,734.70, down by 34.45 points.

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Nifty Pharma advances post Lunch hours of trade

Shares of Glenmark Pharmaceuticals Limited gained for a third consecutive session, Tuesday. The share is trading at Rs 562, up 4.10% on the day as on 2:40 pm on the NSE, while the benchmark NIFTY is up 0.43% on the day, quoting at 10,833.75. The Sensex is at 35,667.81 up 0.52%.

Nifty Pharma index rose 2.28 percent with the first frontier keeping upto 4.71% by Lupin, followed by Dr. Reddy’s which is up 4.45% at this time.

Divi's Lab, Cadila Healthcare, Aurobindo Pharma, Biocon, Cipla, Piramal Enterprises and Sun pharma were also trading up in the Nifty Pharma Index.

Market players were waiting for the release of key macro-economic data of IIP (Index of Industrial Production) and retail Inflation, Consumer Price IndeX (CPI) due later today. 

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Nifty up at 10795, Metal Stock Rise, Nifty Tips

Stock Markets continue to rise higher with nifty trading near day's high in the afternoon hours of trade, Thursday.  Benchmark NSE Nifty50 index was up 110 points at 10,795-mark, while the BSE Sensex was up 375 points at 35,554.50. Yesterday, the Central Bank announced a rate hike, increasing the repo rate by 25 base points that has lead to a rise in today’s trade.

Most metal stocks including SAIL, Jindal Steel & Power and Hindustan Copper were trading in the positive zone, among other metal stocks, during early afternoon trade on Thursday with Nifty Metal index rose 2.07 percent up at up at 3,694.35 around 2:00 pm. 

Shares of Sail India (up 5.24%), Jindal Steel (up 3.96%), Vedanta (up 3.79%), Tata Steel (up 3.13%), JSW Steel (up 2.26%) and Welspun Corp  (up 1.78%) were also among the top gainers in the metal pack. 

Vedanta, Tata Steel and Axis Bank were leading the pack of Nifty gainers, while Coal India, Bajaj Auto, Eicher Motors were among the top losers in the Nifty index.
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Auto stocks move on May sales numbers, Nifty Trading Tips

Share benchmarks Nifty and Sensex were trading flat as GDP buoyancy took a blow from weak global cues. The NSE Nifty50 index was down 30 points at 10,705 levels while the Sensitive index of BSE was down 55.75 points at 35,266 levels in the early afternoon hours of trade, on Friday.

Shares of Bajaj Auto Limited were trading up by 5.12% on NSE after the Auto major reported its rise in Sales about 30% in the month of May.

Shares of Maruti Suzuki India Limited were trading up by 3.04% at Rs. 259.80. The company registered an increase of 26% in its sales for the month of May. 

Shares of Tata Motors LImited (up 3.56%), Hero MotoCorp Ltd (up 2.45%), Ashok Leyland Ltd (up 1.69%), and TVS Motor Company (up 0.98%) were also in the positive zone. 

However, Eicher Motors Ltd (down 3.81), Mahindra & Mahindra (M&M) (down 1.50%) were incurring losses, even when the both companies registered an increase in their sales numbers for May, which is up by 23% and 12% respectively. 

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Invest in Stocks: IPO heats up, 36 Cos lines up

The IPOs (Initial Public Offering) picks up momentum as there are thirty six companies have lined up initial share sale plans worth Rs. 35,000 crore in the months ahead, prospecting their fund expansion for their projects.

Some of those Companies which goes ahead for IPO, include Indian Renewable Energy Development Agency, IRCON International Ltd, Rail Vikas Nigam Limited, RITES Ltd, Garden Reach Ship builders and Engineers and Mazagon Dock.

Additionally, over two dozen companies including Credit Access Grameen, Route Mobile, Sembcorp Energy India, Lodha Developers and Flemingo Travel Retail are awaiting regulatory nod for IPOs.

Meantime, about 15 companies including ICICI Securities Ltd, Bandhan Bank Ltd, Hindustan Aeronautics Ltd and Mishra Dhatu Nigam Ltd have hit the capital markets thus far this year.

An Initial Public Offering or IPO is when a private company or Corporation raises investment funds by offering its stock to the public for the first time. IPOs are often issued by growing companies seeking capital to expand. In an IPO, the Company or the issuer raising capital, procures the assistance of an under-writing Company or investment bank, to help find out the best type of security to issue, offering price, amount of shares and the time-frame for the market offering.

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Nifty Tips: Stock rise on NSE First-Half, Top stocks to watch

Share benchmarks were in the positive terrain in spite of weak global cues. The NSE Nifty index was trading 57.90 points up at 10,571, while the BSE Sensex was up 185.58 points at 34,848.60 around 11:40 am.

Shares of Sudarshan Chemical Industries Ltd (up 14.39 pc), Gateway Distriparks Limited (up 8.13 pc) and Snowman Logistics (up 7.20 pc) jumped in these extents on NSE in late morning hours on Friday.

Stocks such as Sequent Scientific Ltd (up 7.77 pc), NR Agarwal Industries Ltd (up 5.70 pc), Radico Khaitan Ltd (up 4.70 pc), Gati Ltd (up 4.47 pc), Indian Terrain Fashion Ltd (up 4.28 pc), United Breweries Ltd (up 4.09 pc), Take Solutions (up 4.58 pc) and Mangalore Chemicals & Fertilizers Ltd (up 4.01 pc) surged in Nifty constituents.

Hindalco, Bajaj Finserve, Gail India, Tata Steel, Infosys were among the top gainers in the Nifty index, while Vedanta, SBI, Bharti Infratel, Grasim and Coal India were trading among top Nifty losers.

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Stocks Moving Early afternoon hours of trade, Tuesday

Tata Motors: Shares of leading automobile manufacturer Tata Motors Limited Gains 4.78 percent at Rs. 30.05 after China Reduces Import Duty on passenger cars to 15 percent, in the early afternoon hours of trade on NSE.

L&T:  Shares of Larsen and Toubro (L&T) snapped a 6-day decline, its longest losing streak in over two months, and was trading up by 0.60% to Rs 1,321.25 on NSE, after the construction major bagged an order worth Rs 4,033 crore.

Fortis Healthcare:  Shares of the hospital chain operator Fortis Healthcare Limited snapped 3-day gains and declined 2.09 percent to Rs 145.30. Fortis Healthcare will hold a General Meeting on changes of the board of directors. Its stock fell 7.5% so far this year and lost 24% percent in the past 12 months.

Infibeam Incorporation: Shares of the online marketplace Infibeam Incorporation Limited was trading down 0.06 percent to Rs 164.10. The company plans fundraising on May 30, as per stock exchange filing.

Essar Shipping: Shares of the Shipping & Logistics Company Essar Shipping Limited swung between gains and losses and was trading now at Rs 18.30 down by 2.22 percent. The stock has fell 43% so far this year.
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Bajaj Finance Ltd Shares Hit Record High on Splendid Q4 Results

Top Finance lender, Bajaj Finance Limited reported a 61 pc rise in its net profit to Rs 721 crore for the Q4 ending March 2018 versus Rs 615 crore in the year-ago period.  The profit surpasses analyst estimates due to healthy loan growth and stable asset quality for the period.

Reacting to the profit growth, on the market closing hours, Bajaj Finance Limited’s share price settled 7.71% at Rs. 2067.95 on NSE.  In a regulatory filing to the Stock Exchange, the company said that its Q-4 net interest income was up by 40 pc at Rs 2,365 crore from Rs 1,686 crore in the previous year.

The gross NPAs stood at 1.48 pc, up from last quarter's 1.67 pc, while net NPAs stood 0.38 pc of the total assets.

Bajaj Finance Ltd in its press release said that it continues to provide for loan losses in excess of requirements set by the RBI.

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Market Extend Losses on Karnataka Uncertainty, Stock Tips

Stock Markets extended falls for the second consecutive day, led by mix earnings reaction, weak global cues and heavy mayhem unfolded in Karnataka over govt formation.

The BSE Sensex closed lower by 156.06 points to 35,387.88, while the NSE Nifty50 fell 60.75 points   to close at 10,741.10 in trade.

BSE Sector wise, realty gained most at near 2 pc followed by FMCG 1.65 pc and IT 0.18 pc. Energy index cracked most at 1.75 pc, oil & gas 1.58 pc, Bankex 1.17 pc and finance 0.91 pc.

HUL, ITC, Wipro, Yes Bank, Asian Paints and Sun Pharma were top gainers. On the other hand, ICICI Bank, Reliance Industries, SBI and Hero Moto Corp were losing shine.

NSE Nifty PSU Bank Index declined 3 pc. Conversely, NSE Nifty Realty Index was the top sectoral gainer, spiking 2.1 pc.

Shares of ITC jumped 1 pc after the announcement of its Q4 results for the period ended March 31, 2018. It has posted net profit of Rs.2,932.71 crores for the above period versus Rs.2,669.47 crores for the same period last year. Shares of ITC LTD  closed at Rs.285.95 up by 1.47 pc.

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Markets turn Flat Ahead of Karnataka Exit Poll

Key benchmark indices turned flat after opening higher in the morning deals, as investors digested the outcome from the Karnataka exit polls, where it was mainly forecast that no party would be able to form the govt in the state on its own.

At 12:10 hours, the BSE index was trading down by 16.98 points at 35,518.81 while the NSE Nifty was at 10,797.10 down by 9.40 points.

Shares of Canara bank were trading down by 0.26%.  The Bank has posted a net profit of Rs 4859.77 crore for the quarter ending March 31, 2018, against a profit of Rs 214.18 crore. The gross NAP of the bank surged to 11.84 % againt 10.38% on Quarter on quarter.

Shares of Allahabad Bank were trading down by 2.74% at Rs. 44.45. The Bank has reported a net loss of Rs 3,510 crores. The gross NAP were placed at 15.96% V/s 14.38% on Quarter on quarter.

UCO Bank shares were also down in trade today, down by 2.39% at Rs. 18.35. The Bank saw net losses at the bank widen to Rs 2,134.36 crore v/s loss of Rs 588.19 crore, Year on Year.

Shares of Federal Bank were trading down by 0.11% at Rs. 89.95. The bank witnessed a fall of 43.5% in standalone net profit in the quarter ended March 2018.

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Nifty Intraday Stock Tips, Nifty Toppers, Free Stock Tips

Stock Market benchmark Nifty, Sensex was trading higher led by Asian Paints, ICICI Bank, HDFC, Infosys and L&T. At 11.10 AM, the Nifty50 index of NSE was trading at 10,755, up 36 points, while the Sensitive index of BSE was trading at 35,349.48, up 113 points.

On NSE, Shares of telecom major Bharti Airtel fell 5.11 percent after Reliance Jio started post-paid plan with monthly rental at the rate of Rs. 199, together with an ISD calling service at a starting price of 50 paise, per minute.  Shares of Idea Cellular, which was also fell 7.63 percent, on this Jio plan impact.

Shares of PC Jeweller gained over 4 percent in the early trade, but later shares fell 0.31 percent on NSE. 

The BoD of PC Jeweller Ltd has approved the Buy Back upto 1.21 crore fully paid-up Equity Shares of Rs.10.00 each, comprising of 3.07 percent of the total paid-up equity capital of the Company, from the share-holders of the Company.

Asian Paints, HPCL, IndiaBulls Bajaj Finance and IOC were the top gainers on Nifty50.  On the flip side, Bharti Airtel, Sun Pharma, Bharti Infratel, Hero Motors and Dr. Reddy’s were the top losers at this point.

Meantime, the Indian rupee rose in the early trade on Friday. The domestic currency has opened higher by 16 paise at 67.15 per USD versus 67.31 yesterday.

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Indian equity markets were trading in the green amid strong global cues.

Key benchmark indices advanced on buying by domestic institutional investors amid positive leads from Asian markets. Buying interest in Bank/Financial, pharma and FMCG counters were picking up momentum, while IT, metal and Auto stocks were losing sheen.

The NSE Nifty index was trading 20.55 points up at 10,736.05, while the BSE Sensex was up 88.21 points at 35,296.35 around 11:15 am. 

Shares of ICICI Bank surged near 7 percent at Rs. 309.85, leading the pack of Nifty gainers.  ICICI Bank shares rose on expectation of improvement in asset quality.

Shares of Godrej Properties gained 5.29% to Rs. 894.80 per share after the Company registered a turnover of Rs. 8.09 crore and a volume of 0.91 lakh shares.

Shares of Tata Coffee Limited were trading down by 6.23% to Rs.125.00 after the company reported a 62% decline in its consolidated net profit to Rs 22.40 crore in the quarter ended 31 March 2018.

Meantime, the Indian Rupee hit a fresh 15-month low of 67.20 versus the USD in today. The domestic currency was at 67.26, at 0.6 paise higher, than the opening.  ICRA Rating Agency on Monday said that the weakened rupee could diminish the demand for jewellery buying by 2 - 4% for the calendar year 2018 on account higher gold prices.

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Nifty trades below 10,630 mark; Nifty Stock Tips

Key benchmark indices extended losses in the afternoon hours of trade at 1.40 pm, with the Sensex shedding 152 points tacking losses in global shares. Shares of Sun Pharma, Indiabulls Housing Finance, Bajaj Auto and Eicher Motors edged lower in the first afternoon hours of deal.

Sectorally, the Nifty Metal index was trading 0.82 percent lower led by a fall in shares of National Aluminium and Hindustan Zinc. The Nifty IT index also was down led by a fall in shares of Tata Elxsi, MindTree and Oracle Financial Services Software.

Shares of Godrej Properties rose 2.81 percent after the company reported its net profit figured at Rs. 141.5 crore, increased by 126 percent on year on year basis.

Adani Ports (+2.42%), GAIL India (+2.09%), HCL tech (+1.06%) Hindustan Unilever (+0.88%), Tech Mahindra (+0.81%) were the top gainers on Nifty50.

Sun Pharma (-2.80%), Bajaj Auto (-2.19%), Axis Bank and Eicher Motors (-2.13%) and Indiabulls HF (-2.05%) were the top losers in today’s trade.

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Nifty at 10,700 mark; Kotak Mahindra Bank stocks lead

Sensex, Nifty trade almost flat backed by buying in select private bank, FMCG, financial and auto stocks during afternoon trade on Wednesday.  Heavy selling in metal, IT, FMCG and Teck stocks restricted the gains.

At 2:30 PM, the BSE Sensex was trading at 35,165.68, up 5.32 points, while the NSE Nifty50 index was trading at 10,723.20 down 16 points. The BSE Midcap and SmallCap were down by 1.14% and 0.97% respectively.

SAIL stock fell 5.28% after 30.00 lakh shares changed hands in a block, while shares of Kotak Mahindra Bank zoomed 4.23% on the back of heavy volumes.

Nifty IT index was in the red  down by 1.61%  with shares of Infosys, TCS, Wipro, Tech Mahindra, Infibeam on account of losses in heavyweights including HCL Technologies (down 4.38%) during afternoon trade on Wednesday. 

Kotak Mahindra Bank (+4.23%), Zee Entertainment Enterprises Limited (+2.51%), ITC Ltd (+2.11%), Asian Paints (+1.68%), HDFC Bank (+1.60%) were the top gainers on Nifty50.

HCL Tech (-4.55%), Vedanta (-4.32%), Hindalco (-2.89%), Tata Steel (-2.77%) and Sun Pharma  (-2.73%) were the top losers at this point.

Shares trade strongly with Positive market range

The benchmark BSE Sensex reclaimed the 35,186.52 level, rising 211 points and Nifty went up at 10,750.30 on Monday Late morning hours on sustained buying by participants, driven by stellar corporate earnings and positive global signals. 

All the sectoral indices, driven by Information Technology, banking and Teck, were trading in the positive territory. 

Bond and Currency Markets closed today for Public holiday. On Tuesday, 2 May, 2018,the stock market shall remain shut for Maharashtra Day/Labour Day.

The ten-year benchmark bond yield closed at 7.77 percent against the last close of 7.76 percent and the Indian rupee settled higher at 66.67 per dollar versus 66.75 at previous day's closing.

Banking stocks were trading higher on NSE. State Bank of India rose 2.12 percent at Rs. 247.75, Yes Bank 2.34 percent, Bank of Baroda 2.58 percent, HDFC Bank 1.11 percent, Federal Bank 1.07 percent, Punjab National Bank 1.61 percent. Meanwhile, Axis Bank shares fell 3.23 percent to Rs 521.80.

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Market Now: Nifty Trend in Action, Today’s’ stock tips

About 25 stocks including Ashok Leyland, Astec Life Sciences Limited, AU Small Finance Bank Limited hit fresh 52-week highs on NSE during the second half of Thursday's trade. 

The Nifty50 carries on remaining caught in a narrow trading band during the hours. Weak global cues together with profit booking and caution ahead of the April derivatives expiry dragged the indices lower on Thursday.

At 2.00 PM, the BSE Sensex was trading at 34,587.29, up 86 points, while the Nifty50 index was trading at 10,576, up 6.35 points.

Shares of Indiabulls Real Estate Ltd rose 1.15 percent, after earning results. The stock rose upto 4 percent intraday during the first half.  For the fourth quarter FY2018, Indiabull’s revenue grew 364 percent  year-on-year basis to Rs. 2,027.99 crore as corresponding to  Rs. 437.02crore that was  in Q3FY 2017.

Axis Bank stock fell 1.06 percent ahead of its March quarter earnings due later today. PC Jeweller has clarified with regard to the vertical fall in stock price and informed the exchanges on that none of the promoters of the company have sold any shares in the market. PC Jewellers shares were trading 6.63% lower at Rs. 228.60 at this point.

Yes bank (-3.36%), TCS (+1.63%), Indusind bank (+1.53%) were the top gainers on Nifty50, while Infratel (-3.01%), Wipro, (-2.65%), L&T (-2.26%) were the top losers at this time.

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Nifty Mid-Afternoon Update; Top Stocks to watch

 

Short time volatility was observed in the market as key benchmarks hit fresh intraday high in mid-afternoon trade.

Over 20 stocks including Ahluwalia Contracts (India) Limited, Apcotex Industries Limited, Ashok Leyland Limited, Asian Hotels (North) Limited, Ausom Enterprise Limited, Bajaj Electricals Limited  hit fresh 52-week highs on NSE afternoon hours of trade,  Tuesday.

The NSE Nifty index was trading 30.50 points up at 10,615, while the BSE Sensex was up 171.67 points at 34,622.44 around 2.25 pm.

Reliance Industries, Yes Bank, Bajaj Finserv, ICICI bank, HDFC were top gainers while Hilando, Vedenta, Wipro were losers in NSE Nifty.

Metal stocks fall on aluminium prices. Nifty metal index falls 2.64 percent. Except APL Apollo Tubes Limited and Coal India, all components are trading down on Nifty Metal Index. Among them, shares of HIlando, National Aluminium, Welspun Corp Limited, Vedanta Limited, Hindustan Copper Limited and Tata Steel Limited were down 2 to 8% in range.

Shares of Coromandel International registered unexpected selling pressure in the afternoon trade on after the company reported 49% year-on-year fall in net profit at Rs 73.53 crore for the quarter March 31, 2018.

Alembic Pharma stock rises 2.76 percent after successful USFDA inspection.

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TCS turns India's First USD 100 bn Co in Market Cap

India’s IT major Tata Consultancy Services (TCS) rose by almost 2% to reach an all-time high of Rs 3,470 per share, making it India's first 100-billion dollar company, the first ever in the history of capital markets of India.

TCS beat its Q-4 result estimate last week. The company has also announced a bonus share issue in the ration of 1:1.  Subsequent on its announcement of fourth quarter results ending March 2018, its stock price spiralled, helping it cross Rs 6.66 lakh crore in market Capitalization. Its share price is presently on the rise crossing Rs. 3,506 per share on National Stock Exchange.

As per the RBI’s reference rate of Rs 66.0167 versus US dollar on Friday last week, TCS achieved a market capitalization of USD 103.08 billion. In the Indian rupee terms, the company raked in a M-Cap of Rs 6,80,528 crore on BSE based on the all-time high price of Rs 3,551.95. 

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India Index Services of NSE launches Nifty 200 Quality 30 index

The weight of each stock in the index will be on the basis of a combination of stock's quality score and its free float market capitalization

India Index Services & Products Limited (IISL), a subsidiary of the National Stock Exchange (NSE), on Wednesday launched Nifty 200 Quality 30 index, which will track the performance of select companies on the basis of their 'quality' scores, (IISL) said in a statement. 

The quality score for each company will be decided based on return on equity, financial leverage or debt-equity ratio, and earnings growth variability analyzed during the earlier 5 years.  The weight of each stock in the index will be on the basis of a combination of stock's quality score and its free float market capitalization (M-Cap).

The launch of Nifty-200 Quality 30, together with the existing suite of Nifty smart beta indices strengthens the commitment of the National Stock Exchange towards developing the passive fund management space.

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Buzzing Stocks, top Stocks to watch

The equity benchmark indices Nifty, Sensex opened on a positive note on Wednesday. At 11.00 am the NSE Nifty turned flat, up 14.30 points, at 10,563 on Wednesday, while BSE Sensex was trading 58 points higher at 34,453 levels.

Shares of ITC Ltd (up 2.50%), Zee Entertainment Enterprises (up 2.32%), Yes Bank (up 1.69%), GAIL India (up 1.42%) and Wipro (up 1.32%) as major gainers on NSE. 

On the other hand, Hindustan Petroleum Corp Ltd, HCL Tech, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, and Mahindra & Mahindra were top losers on NSE.

Shares of Vakrangee Limited rose 4.63% after 4.5 million shares change hands in three block deals.

Shares of Hindalco Industries slips 0.65 % after 2.3 million shares change hands in a block.

Shares of Indian Hume Pipe Company Ltd were trading up 5.85% at Rs. 358.30 after the company bagged order of Rs. 108.19 crore, while shares of Mindtree  gains 1% at Rs. 883 ahead of earnings.

Shares of Jagran Prakashan rebound from 52-week low after company’s plan for share buyback.