Indian equity market continued its northward momentum for the 6th consecutive day after the surprise rate cut by RBI, meanwhile market moved in small range but remained positive throughout the day. Broad based index Sensex ended the day at 28,888.86 surged by 104.19 points or 0.36% and Nifty wrapped up the today’s trading session at 8,729.50 up by 33.90 points or 0.39%.

ITC fell after the FMCG major’s cigarette volume growth failed to meet Street estimates.ITC, India’s biggest cigarette maker, reported over 10 per cent year-on-year(y-o-y) jump in its net profit to Rs 2,635 crore for the quarter ending December 31, 2014. Revenues for the quarter stood at Rs 8,800 crore against Rs 9,675 crore estimated by analysts poll. Cigarette sales, which contributes nearly 50 per cent to the overall revenues remained flat at Rs 4,142 crore.

The rupee strengthened by 6.5 paise to 61.6250 against the US dollar in trade today, extending its rising streak for the fifth straight day at the foreign exchange on selling of the US currency by exporters and banks.

Among the Sectorial indices on NSE, CNX PSU BANK led the gainers list by surging 2.45%. CNX IT (1.01%) and CNX FINANCE (0.69%) are other top gainer. While CNX FMCG (-1.98%) was the biggest loser followed by CNX MEDIA (-1.29%) and CNX METAL (-0.66%).

The market breadth on the NSE was negative as 750 stocks were declining as against 483 stocks advancing and 49 remain unchanged.

Out of 50 stocks of Nifty 29 were advanced while 21 declined.

Top 5 Nifty Gainers: HUL (5.35%), BOB (3.77%), BHARTI AIRTEL (3.76%), PNB (3.35%) and HDFC (3.08%)

Top 5 Nifty Losers: ITC (-5.21%), CIPLA (-2.93%), ZEEL (-2.30%), SESA STERLITE (-2.25%) and NMDC (-1.92%)

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Indian equity market continued its bull run after starting a week on positive in previous session led by buying on metal, banking and FMCG stocks. Front line index Nifty hits a fresh high of 8707 in today’s trade. Nifty ended the day at at 8,695.60 surging by 144.90 points or 1.69% while Sensex also hits its new high of 28,826.50. BSE index rose 522.66 points or 1.85% and wrapped up the session at 28,784.67. Tracking the momentum, as much as 87 stocks rose to their fresh 52-week highs on the National stock Exchange.

Shares of Sesa Sterlite soars on the report that the company may soon restart mining in Goa where it holds significant number of iron ore mines, Awaited for environment clearances.

The rupee traded flat to marginally lower as the dollar strengthened overseas. The rupee slipped from a two-month high , ended at 61.72 against a close of 61.71 yesterday.

Among the sectorial indices CNX METAL (3.06%) was the biggest gainer followed by CNX FINANCE (2.46%) and BANK NIFTY (1.86%). All other indices ended in green terrain.

Market breath of NSE remain positive for the day with 693 positve, 542 negative and 35 remian unchanged.

Out of 50 stocks of Nifty 37 ended in green and 13 in red.

Top 5 Nifty Gainers: Sesagoa Sterlite (5.88%), HDFC (5.78%), Tata Steel (4.74%), Axis Bank (4.39%) and Tata Motors (3.98%).

Top 5 Nifty Losers: GAIL (-2.62%), Tata Power (-1.15%), Dr Reddy (-0.72%), Powergrid (-0.64%) and Maruti (-0.57%).

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Indian benchmark indices managed to end in the green zone after opening negative to a previous close. The market traded in a very narrow range throughout the day after a big rally in the previous session. The broad indices Nifty is up 19.65 points or 0.23% and wrapped up a week at 8513.80 and the Sensex is up 46.34 points or 0.17% ending at 28,121.89.

Shares in Tata Consultancy Services, India’s biggest software services exporter, fell 2% after it reported flat sequential US dollar revenue growth for the December quarter compared with some analysts estimates of 0.5%. The company’s quarterly net profit grew 5.1 per cent year-on-year, and TCS said it expected strong outsourcing deals momentum to boost growth in the quarters ahead.

Among sectoral indices, CNX MEDIA (4.03%) led the gainers and accompanied by CNX PHARMA (1.51%), CNX FMCG (0.96%) and CNX ENERGY (0.55%). Among the losers, CNX PSU BANK plunged most (-1.53%) and followed by CNX IT (-0.09%) and Bank Nifty (-0.06%)

The rupee strengthened to a fresh one month high of 61.79, ended the week at 61.87 level up by 18 paisa against a close of 62.05 yesterday. Dollar weakness against Asian currencies supported the rupee.

Market breadth remained negative all day long on the NSE with 549 gainers against 653 losers and 44 remaining unchanged.

Out of 50 stocks of Nifty, 26 stocks advanced while 24 stocks declined.

Top 5 Nifty Gainers: ZEEL today took the baton and charged the rally at Nifty by gaining 4.63% and chased by SUN PHARMA (3.22%), COAL INDIA (3.04%), POWERGRID (2.97%) and HCL (2.81%).

Top 5 Nifty Losers: PNB emerged as most losing stock on the Nifty plunging by (-2.38%) and followed by CAIRN (-2.11%), HINDALCO (-2.11%), BHARTI AIRTEL (-1.93%) and HERO MOTOR CORP (-1.88%).

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