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.

Stock in Action on Mondays morning deal; the best stock tips

Equity benchmark indices started on a weaker note on Monday opening trade on negative global signals after the US stroke missile attack on Syria following which prices of oil rose setting off a downturn in investor sentiments. The benchmark Sensex hit a day’s bottom of 33,900 levels while the NSE indicator Nifty 50 slumped to a day’s low of 10,396 levels on Monday. 

Shares of IT major Infosys Ltd were the biggest losers among the BSE Sensex after the company announced its earnings results for the quarter and the financial year ended 31 March 2018.

Shares of Gruh Finance Limited rose 3 percent to Rs 632 after the company announced a net profit of Rs. 130 crore in March quarter.

Shares of United Spirit Ltd rose 0.70% at 3,509.20 after the company approved a stock split in the ratio of 5:1.

Shares of Dilip Buildcon Limited rose 0.80% at 1149.65 after the company has incorporated five new special purpose vehicles Companies for five projects awarded by the NHAI valued at Rs. 6306.9 Crores.

The Indian rupee weakened against US dollar in the midst of geopolitical worries over Syria and trade war concerns. The rupee was trading at 65.38 against US dollar, down 0.26 percent from its Friday’s close of 65.22.

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Reliance Industries to buy 73% stake in Embibe

Reliance Industries Limited (RIL) today announced that the company has entered into agreements to acquire about 73 percent stake Embibe, the education technology solution provider,  and will invest USD 180 million (Rs. 1,175 crore)  into the company over the next three years.  According to the present details available, the deal is expected to be closed in 2 months' time.

Reliance Industries aims to connect over 1.9 million schools and 58,000 universities in India with technology.

Embibe is an emerging education technology provider established in 2012 is a growing company in the education technology sphere.

In addition, the company will also work to broader its geographical reach and grow its business together providing services including professional skilling, vernacular languages and all of the curriculum categories all over India and even abroad.

Shares of Reliance Industries Limited closed in BSE at Rs. 938.85 on Friday, in comparison with the previous close of Rs. 927.55.  The stock hit an intraday peak of Rs. 941.40 and intraday low of  Rs. 929.10.

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The IPO of Garv Industries opens today

Garv Industries Limited (GIL), the company involved in the business of multi-product trading and distribution of a range of aluminum & textile products, has received capital markets regulator Sebi's approval to float an initial public offer (IPO).

The company is offering 32,00,000 equity shares at issue price of Rs 10/- each making the issue size of  Rs. 3,20,00,000 approx.

1,70,000 equity shares of Rs 10 each will be reserved for subscription by market makers to the issue. The face value of the equity share is Rs. 10 and the issue price is 1 time of the face value.

The initial public offer will open today, 12 April, 2018 and will close on 17 April, 2018.

The Objects of the IPO is to raise funds for maintaining the working capital requirements and funding expenditure for General Corporate Purposes.

Mr. Rishu Agarwal, Mrs. Daya Bansal, and R.S Services Pvt Ltd are the promoters of the company. Aryaman Financial Services Ltd is the book-running lead managers to the issue.

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Nifty Trading Expert: Nifty Trend in Action, Oil Co shares down

Nifty keeps on staying in the red zone but has improved from day's bottom line amid gains in the Nifty Metal and IT index. Nifty Metal index rose 1.74% with Vedanta Ltd (up 4.14%), Jindal Stainless (Hisar) Ltd (up 3.25%), National Aluminium Company Limited (up 2.14%),among other constituents.

At 2:10 PM, the BSE Sensex was trading at 33,94851, up 68.26 points, while the NSE Nifty50 index was trading at 10,415.95, up 13.50 points.

Shares of Oil companies fell 8% on reports government to ask the firms to absorb Re 1 per litre increase and pass on the maximum possible advantage to the customers.

Shares of Hindustan Petroleum Corpn (HCPL) tanked 7.65% , Indian Oil Corpn Ltd (IOCL) down 6.78% , Bharat Petroleum Corpn  (BPCL) down 7.27%, Chennai Petroleum Corporation plummeted 5.09%, Mahanagar Gas dipped 3.40% and GAIL India dropped 1.73% to  on NSE today,  post lunch hours of  deals.

The Nifty PSU bank index traded lower by over 2.21% as stocks such as Indian Bank, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, State Bank of India dragged the index lower.

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Sobha Ltd climbs over 9% on reporting strong yearly sales

Shares of Indian multinational Real estate developer Sobha Limited  surged over 9% in early trade on Friday after the company informed the exchanges that its  fourth quarter and year 2017-2018 reached out to be the best ever in  terms of value with growth across regions and product group. 

The scrip was trading 8.60 per cent up at Rs 551.80 at the mid noon hours (12:40 IST). Shares of Sobha Ltd opened at Rs 535.00 and touched a high of Rs. 564.00 during the day. Benchmark BSE Sensex was down 21.98 points, or 0.07 percent, at 33,574 and NSE Nifty too down at 15.10 points or 0.15% at 10,310.04, at the same time.

On the NSE, the stock opened at Rs. 550.00, and it surged further to Rs. 564.00 higher by 10.82 percent over its previous closing price.

Sobha Ltd registered new sales volume of 3.63 million SQ.ft, with the total value at Rs. 2861 crore, as per filing.

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Stock Tips: Auto stocks buzzing in trade today

The NSE Nifty-50 index was up 8.35 points at 10,253.35, while the BSE Sensex was up 53.18 points at 33,423.81 at 11.20 am, on Wednesday. The NSE Nifty Auto index was trading 1.70 percent up at 11,342.90 at this point.

Stocks of Tata Motors Limited rallied 5.22 percent after Jaguar Land Rover's March U.S sales increased 10.2 percent to 14,232 units with regards to 12,918 units sold in year-ago.

Auto stocks Tata Motors (up 4.49 percent), Tata Motors (DVR) (up 8.70 percent) and Eicher Motors (up 3.54 percent) were trading in the positive territory during Wednesday's trade ahead of RBI’s first bi-monthly monetary policy meet that commences today. 

Shares of Bosch (up 4.62 percent), Mahindra & Mahindra (up 1.39 percent), Motherson Sumi Systems (up 1.25 percent), Hero MotoCorp (up 1.20 percent) Maruti Suzuki India (up 1.10 percent), Apollo Tyres (up 1.07 percent) Ashok Leyland (up 0.81 percent) and Bharat Forge (up 0.55 percent), were also trading up. 

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Stock Tips: Stock-specific rally in the mid-noon hours of trade

Benchmark equity indices opened flat on Tuesday and turning downwards in the late morning deals, with banking stocks providing some support.

PSU bank stocks rose after the Reserve bank on Monday announced that lenders could spread bond trading losses over four quarters

At 11:40 AM, the BSE Sensex was trading at 33,190.88, down 64.48 points, while the Nifty50 index was trading at 10,187.25, down 24.55 points. The BSE Midcap was trading up 0.23% and the Smallcap was up 0.30% each.

Shares of Motherson Sumi Systems were trading up over 3.94% after the company said it has agreed to acquire Reydel Automotive Group for USD 201 million.

Shares of HPCL (+2.42%), Indiabnulls HF (+2.10%), Yes Bank (+2.07%), IndusInd (+1.96%), Lupin (+1.58%) were the top gainers on Nifty50.

Shares of TechMahindra (-3.45%), Wipro (-2.18%), Grasim (-1.62%), Adani Ports (-1.49%) and Eicher Motors (-1.43%) were the top losers at this point.

The Indian rupee opened higher at 65.08 against US dollar against its previous close of 65.18.

Stock Buzz, Mid-noon hours of trade - Intraday Trading Tips

ICICI Bank shares fell 6.41% to Rs. 260.50 on NSE during the mid-noon hours, on Monday, after the bank announced its board expressed and reposed full faith in its M.D & CEO, Chanda Kochhar.

Nifty Auto Index was trading over 1.5 percent. Bosch (+3.47%), Tata Motors (+2.29%), TVS Motors Company Ltd, Maruti Suzuki India Limited (+1.62%), Bajaj Auto Limited (+1.75%).

Lupin Limited stock gains 3.62% at Rs. 762.50 after Canadian regulator clears Pithampur unit-II.

Stocks of Ashok Leyland Limited rose upto 1.07% at Rs. 147.00 as the company reported a 20 percent increase in total sales at 22,453 units for March as against 18,701 units in the equivalent month last year.

Bajaj Auto Stock advances 1.83% at Rs. 2,794.95  .after the company said that it has  sold 3,34,348 vehicles in March 2018 as against 2,72,197 vehicles in March 2017, registering a growth of 23 percent year-on-year.

Sandhar Technologies Limited’s scrip got listed at Rs 346.10 per share on the NSE, a 4 percent premium to the issue price of Rs 332.

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