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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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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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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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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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.

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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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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