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 and Nifty close at record highs as IT, telecom stocks rise

Benchmark BSE Sensex closed at 30,582.60 higher by 260.48 points or 0.8% whereas  Nifty-50 closed at 9,512.25 higher by 66.85 points or 0.7%, on Tuesday backed by PSU banks, FMCG, auto and IT stocks.
Nifty PSU Bank index led the market rally in today’s trading session  gaining 2.4% during the trade, while the Nifty closed above 9,500 for the first time ever, Sensex closed above its psychological 30,500 mark. Reliance, SBI, ITC and TCS contributed 45% to the Nifty gains, with IOC and Indian Hotels being the prominent Nifty gainers.
ITC gained 2.2 percent to Rs 283.45, hitting a  high and low of  Rs 284.25 and 278.10  respectively, in intraday trade.  Auto stocks rose with  Hero MotoCorp gaining 3.2%, Eicher Motors went up 1.39%, Tata Motors rose 1.23%, Bajaj Auto went up  0.98% among others.
The market breadth was strong with  853 advancing stocks against 791 declining stocks  and 307 unchanged stocks on NSE.
The stock of Voltamp Transformers surged 8% as the company today reported a net profit at Rs 22.65 Cr, for the quarter ended March 2017, versus Rs 19.21 Cr, for the corresponding quarter of the last year.

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 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 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.

Closing Bell: Sensex, Nifty settle the day flat, Maruti Suzuki shares up 3%

The benchmark BSE Sensex closed flat on Tuesday, in spite of losses were capped as some auto majors rallied after posting rise in April sales. The BSE Sensex closed higher by 2.78 points, or 0.01%, to 29,921.18, while the NSE Nifty closed 9.75 points, or 0.10%, to 9,313.80.

Ambuja Cements Ltd fell about 4.21%. Shares of most Indian auto makers, rose after they reported a jump in April vehicle sales on Monday. Maruti Suzuki Ltd gained 3% to a record high of Rs. 6,730, while Eicher Motors Ltd rose 2.61% to a record high of Rs. 26,747.90.

Oil refiners also rose on account of hikes in petrol and diesel prices. Bharat Petroleum Corporation gained 2.75%, Hindustan Petroleum Corp. advanced about 2.40%, and Indian Oil Corp. climbed nearly 1.87%.

The Bank stocks were on focus at the exchanges in the morning hours wherein Federal Bank was the splendor performer touching an intraday high of Rs 115.3 per share, up by 7.3 percent.

 

Sensex touch above 30,000 mark for the first time ever; Nifty scales 9351

The benchmark Sensex, which was fighting to touch 30,000 mark has finally crossed above 30,000 mark and come out  to be well placed above 30,100 level. The BSE Sensex closed at 30,133.35 higher by 190.11 points. NSE  Nifty closed higher for the third consecutive trading session at 9351.85 up by 45.25 points.
HDFC Bank led the market rally, while  IT stocks remained under stress all through  day. Tech Mahindra was the biggest laggard  going down by 2.9% at Rs 425.45 per share. The IPO of S Chand got subscribed by 24% on its initial day of subscription. MRF Ltd closed higher by Rs 2,573.4 per share or 3.87% at Rs 69,018 per share.
The Bank Nifty index touched the fresh 52-week high of 22,276 level up by 222 points. PNB was the well focusing among the banking stocks, which closed higher by 3.66 percent  at Rs 167 per share. 
The rupee touched its 20-months high of 63.93 per dollar. European exchanges opened a bit  lower on today as investors focused on earnings, monetary policy and a tax announcement in the US.


 

Nifty closes above 9200, Sensex rallies 290 points, Rupee strengthens

Key benchmark indices triggered  the starting week on a strong footing tracking positive trend in global markets, after the preferred candidate, Emmanuel Macron, won the first round of the French presidential voting.
The BSE Sensex was up 290.54 points at 29,655.84 while the NSE Nifty closed above 9,200-mark for the first time since April 12,  rising up 98.55 points at 9,217.95. The broader markets kept momentum  similar to benchmarks as the BSE Mid-cap index was up 0.95% and Small-cap rose 0.8% on strong breadth. About 1627 shares rose against 1297 falling shares on the exchange.
The BSE turnover figured to Rs 4,344.58 crore, lower than the figure of Rs 7376.16 crore registered on Friday, 21 April 2017.
The Indian rupee strengthened per US dollar while bonds fell, with the benchmark ten-year bond yield rising 2 basis points to 6.94 percent.
Indian Bank closed at Rs 284 per share, up by Rs 23 or 9%, while Reliance Power closed at Rs 49 per share up  5%. Shares of ITDC, jumped nearly 13% hitting an intraday high and low of of Rs 747 Rs 650 per share, respectively. The stock closed at Rs. 719.50 share apiece higher by 14 percent

Markets extend losses, Sensex down 94 pts, Nifty down 34 pts

The BSE Sensex settled the day at 29,319, down 94 points, while the NSE Nifty-50 ended at 9,105, down 34 points. In the broader market, the BSE mid-cap down 0.6% and small-cap down 0.7% after hitting their respective record highs. On the BSE, 1,778 shares declined and 1,111 shares rose. A total of 137 shares were unchanged.
Sectorally, the Nifty Realty index down 3.4%,  as the  leading loser, led by losses in Indiabulls Real Estate, HDIL and Unitech going down by 10%, 5.3% and 5% respectively. Nifty PSU Bank settled 0.1 per cent higher.
Reliance Industries outshined TCS’s market capitalization.  The stock settled at Rs 1,370, down 1.5 percent.  TCS ended 0.6% lower ahead of its fourth quarter results due later in the evening.
Gruh Finance Ltd surged 8% after it has posted a 26% rise in March-quarter net profit on Monday. The stock ended at Rs. 394, up 6.5 per cent on the NSE. 
The global markets went higher  on account of  increase in capital inflows, while Asian stock markets finished mixed.. The Indian rupee was trading at Rs 64.57 against the U.S Dollar  in the afternoon session. Oil prices were trading at USD 52.67.

Markets end lower, Nifty closed at 9,203 levels; Tata Steel top Nifty loser

In Wednesday’s choppy trading session, the NSE Nifty closed 9203 or 0.33%, whereas BSE Sensex closed at 29, 643 levels down by 144 points or 0.49%. There were 1095 advances, 1778 declines and 149 unchanged stocks on NSE reflecting fairly negative bias floating in the market.

Tata Steel Ltd was the top Nifty loser, lower by 2.2% at 477.5 per share, while Bosch Ltd was the top Nifty gainer higher by 3.7% higher at Rs. 23,600 per share.

BSE Mid-cap index closed lower by 0.22% at 14,346 level, whereas BSE Small-cap index closed lower by 0.49% at 14,852 level.

The ITC Limited was touching its intraday high of Rs 285 per share in the afternoon hours today, but later slipped further to close at Rs 281.8 per share down by 0.12%.

 

Nifty below 9,050; Shares fall down on weak global cues

Trading on Monday began on a downbeat note as domestic shares reflected weakness in other global stock markets. The BSE Sensex, fell 187.96 points or 0.64% to 29,233.44. The NSE Nifty50 index fell 62.80 points or 0.69% to 9,045.20, dragged by fall in IT and pharma stocks on strong rupee sentiment. Sentiment also affected  after private weather forecaster Skymet issued a statement today forecasting India's monsoon in 2017 is likely to remain below normal at 95% of the long period average of 887 mm for the four-month period from June - September.
The BSE Mid-Cap index fell 0.27% while the BSE Small-Cap index fell 0.06%.  On BSE, 1630 shares declined and 1158 shares advanced and a total of 231 shares were unchanged. Reliance Industries Ltd fell 3% after it was caught on fraudulence in taking a short trading position at the time of selling a stake in a unit in 2007. 
Asian stocks declined as investors were worried about the Trump's administration's inability to push through its policy initiatives.
Finance Minister Arun Jaitley today tabled supplementary GST legislations in Parliament amid protests from the members of the Congress Party.
 

Sensex closes down 318 points, Nifty 1% lower on concern over Trump’s policies

Sensex dropped for a third consecutive session on Wednesday as banking and automobile shares fell. Asian stocks fell as worries on Donald Trump’s economic growth agenda provoked investors to dump risky assets looking for safe havens such as government bonds. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3%.
On closing, the barometer index, the BSE Sensex, lost 317.77 points or 1.08% at 29,167.68, while the Nifty 50 index was down 91.05 points or 1% at 9,030.45. Stocks in the metal and banking sectors had rose up to a high extent. About 990 shares advanced, 1822 shares declined and about 194 shares remained unchanged.
Auto stocks lost traction with M&M Ltd and Tata Motors falling 2% and 1.4%, respectively, to pull down the NSE index. Bharti Airtel was among the top losers on both the NSE and BSE indices, dipping nearly 3%.

Live market Update, Sensex at 29,007 Levels

The benchmark BSE Sensex down about 41.14 points at 29007.05, at 10.50 am Tuesday, while NSE Nifty is trading at 8,945 down 17.70 points. The BSE Mid Cap index rose 0.03% and BSE Small Cap down 0.10%. On the BSE, 1,055 shares rose and 1,007 shares declined and a total of 94 shares were unchanged.
Overseas, Asian stocks registered a mixed trend along with weak closing on the Wall Street overnight.  US stocks recorded modest losses on Monday, 6 March 2017, as the possibilities of tighter monetary policy from the Fed Reserve sunk in for investors.
The Commodity precious metal Gold futures tumbled under Rs 29,000 levels on MCX on Monday as poor global cues hurt sentiments. COMEX Gold down near 2½ Week low yet again on sound economic data and Federal rate hike concerns.
In domestic markets, Crude Oil prices were down 0.03% to Rs 3, 555 per barrel. The prices of Crude Oil tested a high of Rs 3,574 per barrel and a low of Rs 3, 530 per barrel.

Indian, Overseas Market, Overview at a Glance

Indian stock market today is watchful ahead of the US Federal Reserve's Monetary Policy meet being scheduled today. Also, the domestic CPI (Consumer Price Inflation data) will be released today. Auto segment, Consumer Durables and Oil & Gas sectors are also seeing some traction in the morning session of trading. Asian markets are also opened flat.

A sharp rally in crude pooled with US 10 year bond yields crossing 2.5 percent witnessed a weakness, that creep into the emerging markets. Asian indexes were mixed tracking weak cues from the US, as investors chose to expect the result of the US Federal Reserve's monetary policy statement. Japanese shares down since investors took profits after a recent rally that had taken shares to their highest level in a year.

At 12:40, the S&P BSE Sensex is trading at 26599 up 84.13 points (+0.32%), while NSE Nifty is trading at 8,186.50 up 15.70 points (+0.19%). An active buying activity is seen in Auto, Consumer Durables, Oil & Gas sectors, whereas Metal, Bank, Realty, Finance, Pharma are showing slackness on BSE. Tata Motors said it will increase the prices of its passenger vehicles by up to Rs 25,000 from next month so as to compensate the increased input costs.

A generic Tamiflu capsules was launched by Natco Pharma, the drug is used for the treatment of influenza, in the American market after the final approval from the US health regulator in Aug 2016. Sun Pharma and Moebius Medical have come into an exclusive worldwide licensing contract to further develop MM-II, a novel pharmaceutical drug for the treatment of pain in osteoarthritis.

GAIL India Limited has won a second extension for completing the Cochin-Bangalore-Mangalore natural gas pipeline since it faces unprecedented troubles in getting land in Tamil Nadu and Kerala.

Equity Benchmarks Moving Up, Midcap Sectors Outperform

Equity benchmarks are continue climbing up. Sensex has jumped up 169 points at 26519 while Nifty is up 54 points at 8181. Smallcap-Midcap sectors are outperforming today. BSE SmallCap is 144 points high at 12251, BSE Midcap has hiked 97 points at 12399. Yet 1669 shares have advanced, 580 shares have declined and 125 shares are still unchanged.

Asian Market Updates: After two consecutive days rally, global indices have fell down today. Nikkei is 38 points down at 18318, Hong Kong's Hang Seng has lost 61 points at 22768 and Taiwan Index with minor loss of 29 points at 9192.

Pharma stocks are underperforming while auto sector is gaining. Idea Cellular, Eicher Motors, Maruti Suzuki, M&M and GAIL are the gainers of Nifty while Sun Pharma, BPCL, HUL, Lupin and Hindalco are losers of Nifty.

Sensex sheds 77 points; Nifty50 hits 6-month low to end at 8,074

Equity benchmarks indices were trading lower on Friday, closing market at Sensex sheds 77 points at 26,150.24. and the Nifty declined 6-month low to end at 8074. NTPC rallies 4 percent while Tata Steel slips 2 percent. About 1312 shares have advanced, 1277 shares declined, and 166 shares are unchanged. 

The gainers were NTPC, Sun Pharma, Bharti, Hero MotoCorp and M&M, while losers were Tata Steel, ITC, GAIL, Asian Paints and HDFC Bank.

Sectoral indices were trading on a mixed note with stocks from power sector,  witnessing maximum buying interest. Stocks from fast moving consumer goods sector are witnessing selling pressure.

Stock Market Struggling To Drift Up ~ MCX, NCDEX Market Down

Stock market started on a flat note with a slight negative bias, equity benchmarks are still under pressure. BSE Sensex has hiked 7 points at 26233 while Nifty is 5 points up at 8085. In broader market, BSE Small Cap is just 2 points up at 11842, BSE Midcap has risen up 64 points at 12065 and Nifty Midcap has gained 37 points at 14327.

Indian Currency Rupee slipped large amount of points in the morning session itself and is trading lower by 30 paise at 68.12 against US Dollar.

Asian Market Updates: Mostly global indices are in the green zone with Japan's Nikkei leading the region at 18007 with 145 points hike. Hang Seng dropped 3 points at 22259 and Taiwan Index is 13 points up at 9008.

Commodity Market also drifted down today. MCX Gold dropped 184 points at 28947 and Silver lost 293 points at 40447. Crude Oil declined 41 points at 3125.