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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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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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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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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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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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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