Sensex, Nifty ended lower; broader markets outperforms, ICICI drags

The key indices  Sensex and Nifty ended the session on a negative terrain in a volatile trade, The BSE Sensex went down 8.21 pts at 31,137.59, while the NSE Nifty-50 index ended 5.15 pts lower at 9,616.10.  The market breadth was positive with 1413 advancing shares against a decline of 1262 shares, and there were 178 shares unchanged. BSE Midcap and BSE Smallcap index outperformed, BSE Midcap index was up 0.48 percent, while BSE Smallcap index rally above 1 percent.
Auto, Capital Goods, Consumer Durables, FMCG, Healthcare, and IT index showed the positive strength, while BANKEX, Bank Nifty, Metals, Oil & Gas, PSU, and Teck were down
Today.
Adani Ports was the star performer on both indices today, along with HUL, Larsen, Sun Pharma, and IT, while, Vedanta, ICICI Bank, Hindalco, ONGC, and Tata Steel were losing sheen.

Sensex, Nifty touches record high; Aviation stocks surged

The benchmark Sensex and Nifty snapped 4-session long gaining streak to end lower on Wednesday as investors waited for GDP data due later today.
The BSE Sensex ended at 31,145, down 13.60 points, while the broader Nifty50 closed at 9,621.25, down 3.30 points.  BSE Midcap and the BSE Small-cap indices rising up to 1 percent each. On the BSE, 1,384 shares advanced and 1,284 shares declined and a total of 181 shares were unchanged.
The index  heavyweight stocks such as, HDFC Bank,  ICICI Bank and ITC pushed Nifty and Sensex to their all-time highs of 9,649 level and 31,255 level respectively. ICICI Bank touched its fresh 52-week high of Rs 327.4/ share on NSE in today’s  trade.
Aviation stocks surged in spite of decline in global crude oil prices. Inter-Globe Aviation went up 4.09%, SpiceJet rose 4.39% and Jet Airways advanced 3.91 percent.
Oil exploration companies’ shares declined tracking fall in global crude oil prices. Oil India Ltd went down 2.18%, ONGC slipped 0.81% and Reliance Industries notched 1.57% edging lower.

Sensex, Nifty close at record highs for fourth straight session

Market registered small gains in a range-bound trading session on Tuesday. The BSE Sensex rose 50.12 points at 31,159.40, while the Nifty 50 index rose 20 points to 9,624.55, as investors booked profits in the recent outperformers like ITC, while the arrival of monsoon rains kept the sentiment cheerful.

In the broader market, the BSE Mid-cap gained 0.8 percent, while the BSE Small-cap rose 0.5 percent to trade flat. The market breadth was in favour of declines as about 1,427 shares were declined and 1168 shares advanced on the BSE.

Mahindra & Mahindra rose 0.82 percent after its net profit surged 19.93 percent to Rs 725.16 cr. Hindalco Industries gained as much as 1.09 percent after company’s net profit rose 25.75 percent to Rs 503 crore. L&T was down 1.12 percent, while Bharat Heavy Electricals dipped 8.55% after it net profit dropped 57.38% to Rs 215.55 crore on 5.8% fall.

The fertilizer stocks have been picking momentum on the exchanges as India braces for the monsoon. The monsoon is expected to arrive over the Indian mainland on June 1 and on hopes of normal rainfall in the year 2017, investors are choosing to buy the fertilizer stocks.

Sensex, Nifty hit record high levels for first time ever

The key benchmark indices Sensex and Nifty surged on broad-based buying support. On closing, the BSE Sensex, up 278.18 points or 0.90 percent to 31,028.21, while the Nifty-50 rose 85.35 points or 0.90 percent to 9,595.10. The both indices hit their respective record high levels in late trade. The broader, BSE Mid-Cap rose 2.06 percent and the Small-Cap index rose 1.60 percent, both these indices outperformed the BSE Sensex.

Stocks of private sector banks, metals and auto stocks were the Nifty gainers, while pharma stocks continued to bleed on the back of sluggish outlook. HPCL and ITC gained on the back of positive earnings, while large caps like Reliance Industries contributed majorly to the market’s gain.

ITC rose 2.14% to Rs 306.10 after company’s net profit jumped 12.13% to Rs 2,669.47 cr. Reliance Industries surged 2.69% to Rs 1,338, hitting a high of and low of Rs 1,344 and Rs 1,301, respectively.

Sun Pharm lost 4.44% to Rs 565.55, while Metal shares rose. Jindal Steel & Power went up 5.57%, Tata Steel rose 5.57% Vedanta jumped 4.32%, Steel Authority of India went up 3.68% among others.

Asian stocks ended on a mixed note and most European stocks were trading lower as a slouch in crude prices spoiled global risk appetite.

Modi Govt Approves Policy To 'Buy Indian' To Boost 'Make-In-India’

With a view to encourage Make-In-India-programme and giving preference to locally made goods and services, Prime Minister, Narendra Modi has cleared the govt’s own version of the U.S’s Buy American policy via a national government procurement policy.

The new policy captioned “Govt procurement preference to Make-In-India order, 2017”, cleared by the Union cabinet on 24 May 2017, is expected to give a considerable impetus to local manufacturing and services sectors, whereby creating employments. It will also encourage the capital & technology flow into domestic manufacturing and services. It also provides push towards manufacture of parts, components and sub-components of these items, in line with the ‘Make in India’ vision.

The national procurement policy entails purchases of at least Rs. 2.00 trillion a year and also covers government companies, autonomous bodies and entities under the control of government. The government has defined local Goods & Service as those where at least 50 percent of the value addition has been done in India.

Small purchases of less than Rs. 5,00,000 are exempted from the policy; procurement of goods & services worth Rs. 50.00 lakh or less, where the nodal ministry decides that there is adequate local capacity and local competition, can be made only from local suppliers.

For procurement of orders worth more than Rs. 50.00 lakh, or where there is inadequate local capacity or competition, local suppliers will get a 20 percent margin of purchase preference. It implies that the local supplier will be given a chance to match the lowest bid, if its own bid is not more than 20 percent higher.

A standing committee in the Deptt of Industrial Policy & Promotion will manage the implementation of this order and its impending issues, and make recommendation to nodal ministries and procuring companies.

Sensex, Nifty shed gains to close lower on tepid sentiment; Metal shares fall

The key indices  Sensex and Nifty ended the session on a negative terrain in a volatile trade, dragged by fall in midcaps amid rising concern over cross border tensions. The BSE Sensex  went down 63.61 pts at 30,301.64, while the NSE Nifty-50 index ended 16.40 pts lower at 9,369.75. Sentiment was dampened by growing Indo-Pak tensions. Moody's down-grading of credit rating on China hurt the risk appetite.
Metal shares fall after Moody's downgraded debt rating of China. Steel Authority of India falls 4.37%, Bhushan Steel dipped 3.99%, Hindustan Zinc tanked 3.7%, Hindustan Copper fell 3.2%, NMDC sunk 3.06%, Vedanta went down 3.01% among many other metal majors.
The market breadth was negative with 697 advancing shares against a decline of 2,022 shares, and there were 151 shares unchanged.
Tata Motors was the star performer today, along with Tata Motors DVR and GAIL India  on both indices, while, BHEL, L&T, Bank of Baroda and Bharti Infratel were losing sheen.

Sensex, Nifty slide in broader market sell off, pharma stocks fall

The benchmark indices ended lower  with  BSE Sensex going down 205.72 points at 30,365.25, and the NSE Nifty down 51.01 points at 9,386.15 since investors booked profit in latest outperformers.
The BSE Mid-Cap index fell 1.56 and the BSE Small-Cap index fell 1.89%. The falls in both these indices were higher than the Sensex's fall in percentage terms. However, the broad market showed weakness. On BSE. 2,123 shares declined and 597 shares advanced and 158 shares were unchanged.
Shares of public sector banks declined. Bank of India tumbles 7.32%, United Bank of India falls 5.47%, Central Bank of India dips 5.01%, Vijaya Bank  went down 5.01% among many others. Corporation Bank declined 4.87% triggered by the bank reporting higher bad loans in fourth quarter.
Pharma stocks were the biggest laggards and the Nifty Pharma Index was on track to announce its 6th sucessive session of loss, with Sun Pharma hitting a 6-month low after Taro Pharmaceutical reported weak Q4 results.
European stocks edged higher since investors accepted fresh economic data in the euro zone after waking up to a report of another suspected terrorist attack in the UK.

Nifty ends below 9430, ITC, SBI gain, Hudco down

Benchmark indices BSE Sensex closed at 30,464.92, higher by 30.13 points or 0.10%. NSE Nifty-50 index closed at 9,427.90, lower by 1.55 point or 0.02%. BSE Midcap Index closed down 0.7% at 14,644 whereas, BSE Smallcap closed down by 0.8% at 15,227.
There were 572 advancing stocks, against 1084 declines. A total of 300 shares unchanged on NSE, reflecting a bearish undertone floating in the market.
Asian Paints Ltd was the major Nifty loser, while ITC was the top Nifty gainer. FMCG stocks were in limelight today as the GST council approved the tax rates for man products on Thursday. The new tax rates are expected to boost the consumption of the FMCG items since the prices are speculated to come down.
Among other gainers, Bank of Baroda rose 4.5% after the bank reported a net profit of Rs. 155.00 Cr, for the Q4FY17, compared with a net loss in the last year. SBI was up 2.1 percent ahead of its Q4 results later in the day.
The HUDCO debuted on BSE at Rs 73.45 share apiece at a premium of 22.41 percent. The stock closed at Rs 71.85 share apiece lower by Rs 1.15/ share or 1.5 percent.

Sensex closes down 224 pts, Nifty sheds over 1%, IT rally arrests the slide

The benchmark BSE Sensex fell from it record highs today tracking Asian peers and weak global stocks. The BSE Sensex, lost 223.98 points or 0.73% at 30,434.79, while the Nifty50 index was down 96.30 points or 1.01% at 9,429.45, as per closing data.

The broad market showed weakness. There were almost 3 losers against every gainer on BSE. 2,043 shares declined, 702 shares advanced and a total of 165 shares were unchanged.

Realty sector stocks declined sharply, led by index heavyweights ITC, RIL and L&T. Index heavyweight Reliance Industries dropped 1.87 percent to Rs 1,327.00. The stock hit a high and low of Rs 1,352 and Rs 1,323.30 respectively.

Shares of Bajaj Auto lost 2.54 % after its net profit dipped 13.44% to Rs 862.25 Cr, on 8.7 percent decline in total revenue from operations to Rs 5,212.83 Cr, in Q4 March 2017 year on year.

Apollo Hospitals shares fell about 2.66%. United Breweries Ltd, Kingfisher Breweries, dropped 4.8% after announcing an 87% fall in profit for the March-quarter. European and Asian stocks edged lower as concerns over the fallout from chaos in Washington prompted investors to unload risky assets such as equities.

Sensex, Nifty scale fresh record high, Tata Steel surges 8%

The benchmark indices Sensex and Nifty logged modest gains on Wednesday’s trading led by auto, metal and capital goods stocks. The BSE Sensex rose 76.17 points or 0.25% at 30,658.77, while the Nifty50 index rose 5.75 points or 0.06% at 9,518. Both the Sensex and the Nifty knocked record high levels in late trade. Tata Steel, Tata Motors and ICICI Bank led the riley upward.

Losses were mainly seen in O&G stocks, pharma stocks and consumer durables stocks , while  auto stocks and metal stocks  registered majority of the buying activity. Tata Steel surged as much as 8 percent to Rs 494 after the metal major posted its better than expected earnings. The company’s revenue rose 30.4 percent to Rs 353.05 billion as the company sold more steel products in India.

Indian Oil Corporation is reportedly aiming to invest Rs 200 billion in 2017-18. The company is also looking forward to acquisitions and planning to expand overseas.

Asian stock markets were almost lower with Dow futures tumbling and the safe-haven yen rising despite political and legal chaos surrounding President Donald Trump. The Nikkei-225 index  is down 0.53 percent while China's Shanghai Composite is off 0.27%. European markets are mixed to lower.

The rupee was trading at Rs 64.02 versus the U.S. Dollar  in the afternoon session, while Oil prices were trading at  us dollar 48.71.

Sensex, Nifty close lower, Asian Paints, Axis Bank biggest losers

The benchmark indices settled with small losses after a range-bound trade, since investors booked profits after indices scaled record highs yesterday, 11 May 2017. The BSE Sensex slid 62.83 points or 0.21% at 30,188.15, while the NSE Nifty-50 index fell 21.50 points or 0.23% at 9,400.90. The indices snapped 4-day winning streak today, 12 May 2017.
The BSE Mid-Cap index fell 0.69% and the Small-Cap index shed 0.8%. The declines in the indices were higher than Sensex's fall in percentage terms.
Bank stocks declined with SBI down 0.47%, Canara Bank dip 1.44%, Union Bank of India declined 1.82% among others.  Among private sector banks, Axis Bank down 2.69%, ICICI Bank fell 1.12%, IndusInd Bank down 1.06%), and Yes Bank declined 5.78% while HDFC Bank rose 0.14%.
Asian Paints dropped 2.81%, after company’s net profit rose 10.4% to Rs 462.22 crore on 8.9% rise in revenue.
Eicher Motors  Ltd fell about 1 percent  after rising for five consecutive sessions, while Ashok Leyland down 1.7% after two winning session’s  gains.  Shares of Reliance Infrastructure rose  the Delhi Airport Metro, won an arbitration case against Delhi Metro Rail Corpn.

Sensex, Nifty close flat; Auto, bank, infra stocks rise

The benchmark BSE Sensex closed at new peak level of 30,250.98, gaining 2.81 pts, while the NSE Nifty-50 index closed up 15.10 pts at record high of 9,422.40. Strong regional markets also aided sentiment.

Indian stocks previously extended their record-breaking ralley today with auto stocks moving on hopes of lower interest rates after a better monsoon prediction eased inflation worries in a country that depends mostly on rains to irrigate its farmlands.

Eicher Motors Ltd and Zee Entertainment emerged as top Nifty gainers today.  Sectorally, liquor stocks and metal stocks witnessed a sharp increase. HCL technologies Ltd rallied in the morning hours influenced by the strong quarter fourth earnings, slowly pared its gains to trade in the red terrain, closing its stocks at Rs 838.65 per share, down by 0.43 percent on the BSE.

Royal Enfield, Eicher Motors rallied on the exchanges hitting a fresh 52-week high of Rs 30,051 per share, closing at Rs 29,402.10 per share, up by 5.57 percent on the BSE.

On the BSE, 1,581 shares fell, 1,246 shares rose and a total of 165 shares were unchanged. The total turnover on BSE figured to Rs 4,011.58 Crore.

 

Sensex soars 315 pts to close at record high, Nifty above 9,400-Level

The BSE Sensex hit a record high on Wednesday’s closing bell, as shares of FMGC and agriculture-reliant companies rallied after the IMD forecast a higher monsoon rainfall than expected earlier. The NSE Nifty rose 0.99% to a record high of 9,414.75, surpassing its earlier milestone marked on 5 May. BSE Sensex closed higher by 314.92 pts, to 30,248.17, while the NSE Nifty-50 index rose 90.45 pts, or to 9,407.30.

BSE Midcap closed higher by 0.87 percent at 14,853, while Smallcap closed higher by 0.75 percent at 15,561. India volatile Index closed lower by 0.6 percent at 11.04 levels.

Idea Cellular and Bharti Airtel advanced to higher levels today. Bharti Airtel was the major index gainer rising 8 percent. Nifty bank underperforms the trading session, due to PSU banks trade under pressure.

Biocon Ltd fell 6.1%, after the U.S health regulator issued Form-483 to its Bengaluru facility with some observations. IDBI Bank declined 4.5% after the RBI initiated prompt corrective action over the lender’s surging bad loans and downbeat return on assets.

Some companies have announced their earning results today which includes Zee Entertainment, Hero Motocorp, Siemens, 8K Miles Software and Capital First.

Sensex closed above 29,900, Nifty above 9300; Metal Stocks lead

The benchmark BSE Sensex closed flat on Tuesday since investors booked profits with the largest outperformers like ACC Ltd, Ambuja Cements while banks removed gains from the previous session’s rally. Caution also surrounded ahead of the quarterly earnings announcement, with Bharti Airtel later in the day. Asian shares were passive as investors looking forward to the next catalyst after France’s presidential election.  
BSE Sensex closed higher 7.10 points at 29,933.25 while  NSE Nifty closed higher by 2.8 points at 9316.85 on closing.   Both the  Nifty and Sensex were trading flat all through the day. Indiabulls Housing Finance, Hero Motocorp and Lupin Ltd were the major contributors to Nifty losses.  BSE Midcap closed higher by 0.19% at 14,821, and  Small-cap closed higher by 0.53% at 15,544.
 The companies which announced their financial earnings today were Syndicate bank, Dena Bank,  Vijaya Bank,  SREI Infrastructure Finance and Godrej Consumer Products, among others.
The stocks of metal sector Tata Steel, Vedanta Ltd, Hindalco  and Jindal Steel were sizzling on the Exchanges. The realty stocks like DLF, HDIL and Unitech were trading in positive terrain all though the day.
Tech Mahindra, Axis Bank, Wipro, IOC and Adani Ports were the top Nifty gainers of the day, while  Wipro, GAIL, Tata Motors, M&M and Bajaj Auto were the top Sensex gainers.

Sensex up 67 points, Nifty above 9300; Realty Stocks up 4.20%

Benchmark indices on Monday ended on a positive note with the Sensex rising up 67 points at 29,926.15, while the NSE Nifty-50 Index was up 28 points at 9,314.05
 

The broader BSE Midcap and the BSE Smallcap indices outperformed, gaining 0.5% and 0.7%, respectively. The market breadth was positive with 946 shares advanced while 603 shares declined and 82 shares unchanged.
 

Lupin, Bharti Airtel, BHEL, Asian Paints, and ICICI Bank were top gainers, while ITC, HDFC, Bajaj Auto, Larsen, and Adani Ports were the losers in the Sensex. The Bank Nifty closed higher by 0.72 percent at 22767.35.

Sensex down 267 points, Nifty 0.80% lower on profit booking

The  NSE Nifty hit a record high on Friday early trade, but reversed course to trade lower amid weak Asian markets, due to  a drop in crude prices. On closing, BSE Sensex marked  lower by 267.41 points, or 0.89%, to 29,859, while the NSE Nifty 50 fell 75 points, or 0.80%, to 9,285.30.
The Nifty PSU bank index advanced  2.35% to its highest since 4 March 2015, with SBI  jumping more than % and Canara Bank gaining around 7%. PSU Bank stocks trading higher in the morning hours and were trading close to its 52-week high. The Canara Bank from the PSU Bank stocks was the lead  performer today, touching  intraday high of Rs. 416 per share.
Indian oil explorers fell on weak crude oil prices, with ONGC and Oil India going down more than 2% each. Oil refiners and airlines stocks advanced with IOC climbing 2.1%. while Spice jet was up 8.4%.
Asian stocks registered a mixed trend. U.S stocks closed almost flat yesterday, 4 May 2017, since energy stocks put a lid on the broader market despite slide in crude oil prices.

Sensex gains 231 points, Nifty ends above 9350 as banking stocks jump

Indian Stock market registered modest gains buoyed by encouraging sentiment in European trading. The BSE Sensex rose 231.41 points at 30,126.21. The NSE Nifty-50 index rose 47.95 points at 9,359.90. The Sensex settled higher than the psychological 30,000 level. The market breadth was balanced. About 1,428 shares advanced against 1,431 declining shares on the BSE.

Public sector banks’ stocks surged on reports that the Union Cabinet approved promulgation of an ordinance to modify the Banking Regulation Act for resolution of the bad loan trouble facing banks. Union Bank of India rose 6.72%, IDBI Bank surged 2.46%, SBI up 3.39%, Bank of Baroda rose 3.06% and PNB edged higher, BY 3.41%.

Housing finance topper HDFC declined 1 percent at Rs 1,555.35 after its consolidated profit fell 21.58 percent to Rs 2,044.20 crore on 7.7% decline in total income to Rs 8,514.51 crore in fourth quarter March 2017 year-on-year. The result was posted during market hours today.

Overseas, European stocks jumped higher aided by corporate earnings. Asian stocks clocked a mixed trend after the U.S Federal Reserve showed it remains on track to deliver two more rate hikes by year-end.

Markets end little changed ahead of US Federal outcome; Godrej Properties’ shares rallied 14%

The key benchmark indices settled lower on Wednesday tracking mixed trend floated in Asian and European markets.  Investors were concerned over the chances of another rise in interest rates next month ahead of the U.S Federal Reserve's policy results due later today.
The BSE Sensex closed at 29,894.80 down 26.38 points, while the NSE  Nifty 50 settled at 9,311.95 down 1.85 points.  The secondary barometer,  BSE Mid-cap pared all gains to end 0.3% lower, whereas the BSE Small-cap ended little changed.  On the BSE, 1,488 shares rose and 1,357 shares fell. A total of 161 shares were little affected.
Among individual stocks, ICICI Bank fell over 1 percent to Rs 273 ahead of its March quarter earnings announcement  due later in the day.  HDFC, Tata Motors Lupin, and Maruti Suzuki were the top losers on Sensex.
Godrej Properties’  shares rallied 14% to Rs 575 in intraday after the company declared that it has sold over 1,000 apartments across three new project launches since March 2017. Godrej Properties’  stock settled 7% higher at Rs 542.
Stocks of Spice Jet crossed a record high of Rs 116.90, up 4% on BSE surpassing its previous high of Rs 115 hit on September 5, 2005.
Meanwhile, engineering company IRB Infrastructure became the first firm to announce a public offer in the InvITs space with a Rs 5,000 crore plus the public issue of its fund opening today. The IPO of engineering company IRB Infrastructure, closes on May 5 and commands a price band of Rs 100 to 102 per unit.

Nifty ends at record close 9150

Key Benchmarks ended the week end on a flat note after registering fresh highs intraday as investors are likely to have booked profits in the rally seen during the week. The BSE Sensex settled the day at 29,649, up 63 points, while the broader Nifty50 ended at 9,160, up 6.35 points or 0.07%. The market breadth was downbeat. About 1,225 shares advanced, while 1,593 shares declined, and 204 shares are unchanged.

The cigarette maker ITC rose over 7% at intra-day after the GST Council capped the tax on tobacco products.  ITC ended 4.6% higher along with other cigarette stocks such as Godfrey Phillips, and Golden Tobacco gained today on the BSE. Telecom index was the top sectoral laggards, going down 2.7% with Bharti Airtel dragging the index.  PSU banks and telecom stocks also witnessed a fall.

Overseas, European stocks edged lower since investors take a sigh from a global equity market rally that has pressed U.K stocks to record highs.