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Financial year 2018 has largely been a very good year for the share markets as the sensitive Index of BSE (Sensex) rose by 11.30% by 3,348 points to 32,968.68 during 2017-18. The index touched its all-time high of 36,443.98 on January 29, 2018.

On account of the surge in stocks, the total market capitalization (MCap) of BSE-listed companies jumped by Rs 20,70,472 crore to Rs 1,42,24,997 crore.

Investors' wealth rushed forward to Rs 20.70 lakh crore during the financial year 2017-2018 helped by strong broader market sentiment.  A stellar rally on number of successful Initial Public Offerings also helped the total investor wealth to rise.

The economic reforms such as implementation of Goods & Service Tax (GST), Regulation and development in real estate sector and the ongoing pick up in corporate earnings further aided the rally. Improvement in macro-economic performance including CPI inflation also stood positive for the markets.

However, the month February and March only turned out to be lethargic to a great extent, where Large Cap, MidCap and smallCap indices have fallen due to selling pressure from Long Term Capital Gains and increase in domestic and global bond yield.

Some specific stocks from the Nifty witnessed massive under performance, which include stocks of Lupin, Aurbindo Pharma, Sun Pharmaceuticals and Dr. Reddy’s Lab. Lupin pharma stock closed 57% lower than its price on April 1, 2017, whereas Aurobindo Pharma stock  was down 37% during the course of the financial year,  hit by squeeze in margins from the U.S business. Stocks of Sun Pharma also dropped 38% being another poor performer in 2017-18.

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Nifty Trading tips: Nifty Auto index up

Key equity indices were in the negative territory ahead of March Future and Option (F&O) expiry and ahead of the financial year ending. 

The Nifty Auto index was trading 0.24% up at 10,869, post lunch hours of trade, Wednesday, with shares of Maruti Suzuki India Limited, which was trading up 1.63%, being the top gainers. 

Shares of Hero MotoCorp (up 1.34%), Motherson Sumi Systems (up 0.65%), Bosch Limited (up 1.15%), Amara Raja Batteries Limited (up 1.15%) and MRF Limited (up 1.09 were also trading with gains. 

However, shares of Bajaj Auto were trading down 1.34% followed by Mahindra & Mahindra (down 1.00%), Bharat Forge (down 0.62%), Eicher Motors (down 0.54%), Tata Motors limited (down 0.51%), Tata Motors (DVR) (down 0.43%), Apollo Tyres (down 0.40%), Exide Industries (down 0.11%), and Ashok Leyland (down 0.07%) which were among the losers in the auto index. 

The NSE Nifty50 index was down 41.20 points at 10,142.95, while the BSE Sensex was 141.03 points at 33,033.36 at 2.25 pm, on Wednesday.

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Stock Tips-Sensex, Nifty gain on positive global cues

The BSE Sensex loaded on Monday's gains by rising up 108 points to end at 33,174 as strong global cues amid reports of easing global trade war fears strengthened investors' sentiment.  

The NSE Nifty-50 gained 53.50 points, to close at 10,184.15. All sectoral indices, led by metals, banking, and PSU, oil & gas and healthcare stocks were in the positive terrain.

Trading mood remained positive throughout the day on strong global cues. Reports of trade negotiations between the U.S. and China, eased worries of a trade war and enhanced investors' risk appetite. Moreover, short-covering by speculators ahead of March Future and Option (F&O) expiry and fiscal deficit data to be unveiled on Wednesday added to the up-move.

State bank of India emerged on top in the Sensex pack rising 3.04% at Rs. 253.85, followed by Indusind Bank (+1.56%), Tata Steel (+1.30%), Asian Paints (+1.16%­), TCS (+1.02%) and Maruti (+0.92%)

Top Gainers and Losers on NSE Nifty-50: IOC (+4.43%), Indiabulls HF (+3.94%), Hindustan Petroleum (+3.57%), Hindalco (+3.49%) and SBI (+2.8%) were the top gainers on Nifty50.

On the flip side, Bharti Infratel (-2.02%), Bharti Airtel (-2%), Bajaj Auto (-1.55%), Tata Motors (-0.47%) and HDFC (-0.38%) were the top losers in today’s trade.

Among 1,556 stocks traded on Nifty pack, 1142 stocks advanced, 372 declined and 42 stocks remained unaffected. A total of 12 stocks clocked a fresh 52-week high in trade today, while 120 stocks touched a new 52-week low on the NSE.

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Hero MotoCorp raises stake in Colombia joint venture

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The world’s largest two-wheeler maker Hero MotoCorp Limited on Thursday announced that the company has raised its stake in its JV in Colombia from 68% from 51%.

Hero MotoCorp Limited opened its fifth overseas manufacturing capacity, its first in Columbia, to cater to demand from the adjacent Latin American countries and to set up a base for exports outside India.

Shares of Hero MotoCorp Limited was last trading in the Exchange at Rs. 3,398.00 as compared to the previous close of Rs. 3,454.85.  The stock hit a high of Rs. 3461.00 and a low of 3353.75, during post lunch hours of deals on Thursday.

Meantime, benchmark BSE Sensex traded lower by 425.32 points, or 1.29 percent to 32,580.95, while the NSE Nifty50 declined 121.80 points, or 1.20 percent to 9,992.95, at 2.40 PM, Friday.

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Index trend and Stocks movements in the afternoon deals

Sun Pharma: Sun Pharmaceutical Industries Ltd on Wednesday said that the company won an approval from the U.S. drug regulator for its specialty drug ILUMYA for plaque psoriasis.

Shares of Sun Pharma rose as much as 3.45% intraday high to Rs 521.9 in the morning hours, but post lunch hours of deal, the stock was trading 0.61% at Rs. 507.80

Zensar Technologies: Zensar Technologies Limited acquires U.S based insurance-technology company Cynosure for USD 33 million, to increase its foothold in the fast-growing property & casualty insurance space.

Shares of Zensar Technologies rose as much were trading 1.86% to Rs 927 at this point.

ITI Limited: The Cabinet approved a Deptt of Telecom proposal to allow its public sector unit ITI Limited to offer 18 crore fresh equity shares to public through a further public offer in the domestic market.

Shares of ITI Ltd were trading 2.66% at Rs. 119.80 in the afternoon hours.  In the morning hours, the stocks traded intraday higher upto 6.8%.

Dish TV: Dish TV India Limited said that the merger of Videocon D2H Limited into the company has been completed with effect from 22 March 2018. Shares of Dish TV India were trading up 1.74% to Rs. 67.10 at this point.

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Stock Tips: Nifty trend remain positive; RCom rises

NSE Nifty was trading up post lunch hours of trade amid profit booking visible in the banking and certain pharma stocks. At 2:05 PM, the Nifty 50 was at 10,172.15 points, up 47.80.05 points while BSE-Sensex was at 33,194.65 points, up 197.89

Shares of V-Mart Retail Limited was trading up 2.89% at 1907.05 as the company stated promoter will re-align their shareholding in the company.

Shares of Ashok Leyland Limited gains 1.34% at Rs. 147.95 as the company has bagged a 2,100 bus order in Tamil Nadu.

Shares of RCom as trading up by 2.60% as the company said that its bondholders approved its asset selling plan.

Bharti Airtel (+3.91%), Bajaj Finance (+2.36%), NTPC (+2.31%), Cipla (+1.83%) and Ultratech Cement (+1.64%) were top gainers on Nifty50 at this point.
On the other hand, shares of Eicher Motors (-1.73%), Bosch Ltd (-1.66%), Tata Steel (-1.53%), Tata Motors (-1.33%) and Adani Ports (-1.32%) were the top losers during the time.

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BSE, NSE suspend trading in D S Kulkarni Developers

  

National Stock Exchange (NSE) will suspend trading in the shares of DS Kulkarni Developers Limited, effective from tomorrow, 20 March 2018, following a directive from the National Company Law Tribunal (NCLT) in a case with regard to alleged diversion of funds.

Bombay Stock Exchange (BSE) has already suspended trading in the shares of DS Kulkarni Developers Limited. The BSE in its circular stated on Monday, 19 March 2017, that it was suspending trading in the shares of DS Kulkarni Developers Limited, with immediate effect, for the same reason.

The National Company Law Tribunal, in an order dated March 13, had stated that by having cursory look into balance sheet & profit and loss account of the Company, the figures are shown soaring from year to year, but at the same time those figures are not in support with ground realities.

In a circular today, National Stock Exchange said it would suspend trading in the company's shares from March 21 pursuant to the National Company Law Tribunal order.

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IOC, BPCL look 26 pc stake each in GAIL; Shares fall

Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Limited (BPCL) may buy 26 percent stake each in gas utility GAIL (India) Limited, paying the govt over Rs.20,000 crore each to become integrated energy companies, as per a report by the PTI.

Reacting to the news, shares of IOC, BPCL and Gail (India) were witnessing considerable fall in the Exchange. As per the report, the IOC and BPCL may split the govt’s 54.89 percent stake in GAIL India, equally among themselves, making it their subsidiary.

Subsequent on FM Arun Jaitley’s February 2017 Budget announcement of creating integrated oil companies, IOC and BPCL had submitted separate proposals to buy the govt’s 54.89% stake in India’s biggest gas marketing and transportation firm, GAIL India.

At 1.00 pm, shares of Indian Oil Corp were trading lower by 3.65% at Rs 178.00, whereas BPCL was down 3.60% at Rs 431.45. At the same time, shares of GAIL (India) Limited were trading 0.11% lower at Rs 440.50 on the National Stock Exchange (NSE).

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HDFC: HDFC Asset Management Company, a subsidiary of HDFC has filed the draft red herring prospectus (DRHP) with the SEBI.  

Yes Bank, Fortis Healthcare; Yes Bank has sold 1.12 crore equity shares of Rs 10 each, constituting 2.17% of the paid up share capital of Fortis Healthcare, resulting into changes in holding of the bank by more than 2 percent of the total shareholding of Fortis Healthcare, from the last disclosure made by the bank on 13 March 2018.

Wipro: Wipro limited has announced that the company invested USD 2.02 million to acquire 20% stake in Avamo Inc., on a fully diluted basis.

Bharat Financial Inclusion: The non-banking finance company, Bharat Financial Inclusion Limited, completed its third securitization transaction in FY 2018 of Rs 450.82 crore. By this,   the company has completed securitization transactions worth Rs 1114.49 crore in FY 2018.

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ICICI Securities IPO OF Rs. 4000 Cr, opens on March 22

ICICI Bank announced that it will sell up to 77,249,508 equity shares of its subsidiary, ICICI Securities, via an IPO (initial public offer). The public offer of ICICI Securities will open for subscription on 22 March 2018 and will close on 26 March 2018. The anchor investor offer period will be open for subscription on March 21, the company said.

At the upper end of the price band, the offer could fetch over Rs 4000 crore. The price band for the offer has been fixed at Rs 519-520 per share. The face value will be Rs. 5 each and the minimum bid lot is fixed at 28 equity shares.

The filing further said that the offer includes a reservation of up to 38.62 lakh equity shares of ICICI Securities for purchase by ICICI Bank Shareholders, that is, the HUFs and individuals who are the public equity shareholders of ICICI Bank.

The objectives of the Initial Public Offering are to accomplish the benefit of listing the equity shares on the stock exchanges and for the sale of equity shares by ICICI Bank. The company looks forward to enhanced visibility and brand image through the IPO.

ICICI Securities registered total revenue of Rs. 14,042.3 million in the financial year 2017 and a total revenue of Rs. 8,527.7 million for the six months ended September 30, 2017.

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