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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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 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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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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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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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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