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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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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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.

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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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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Nifty Trading tips: Nifty Auto index up

Key equity indices were in the negative territory ahead of March Future and Option (F&O) expiry and ahead of the financial year ending. 

The Nifty Auto index was trading 0.24% up at 10,869, post lunch hours of trade, Wednesday, with shares of Maruti Suzuki India Limited, which was trading up 1.63%, being the top gainers. 

Shares of Hero MotoCorp (up 1.34%), Motherson Sumi Systems (up 0.65%), Bosch Limited (up 1.15%), Amara Raja Batteries Limited (up 1.15%) and MRF Limited (up 1.09 were also trading with gains. 

However, shares of Bajaj Auto were trading down 1.34% followed by Mahindra & Mahindra (down 1.00%), Bharat Forge (down 0.62%), Eicher Motors (down 0.54%), Tata Motors limited (down 0.51%), Tata Motors (DVR) (down 0.43%), Apollo Tyres (down 0.40%), Exide Industries (down 0.11%), and Ashok Leyland (down 0.07%) which were among the losers in the auto index. 

The NSE Nifty50 index was down 41.20 points at 10,142.95, while the BSE Sensex was 141.03 points at 33,033.36 at 2.25 pm, on Wednesday.

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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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