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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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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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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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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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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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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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.

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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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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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.

Yearly Watch out of Stock, Top Stock Advisory Company in India

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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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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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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