The Indian equity market jumped sharply on Monday(9 may 2016) as Nifty shot over 7850 mark. Overseas gains in the US and the Asian markets saw the Indian indices to open with a positive gap. From there on markets just keep on surging higher as the day progressed. The buying momentum was so strong, that all the sectoral indices ended in the green. The upswing was led by the banking, capital goods power, power and IT stocks. Even, the mid-cap and small cap stocks participated in the rally. Nifty closed with a a gain of 133 points at 7,866 while Sensex ended with a gain of 460 points at 25,689.

Cigarette stocks closed higher, Godfrey Phillips India surged 7% to Rs.866. ITC gained 2.4% to Rs.325.5.The Company said that cigarette packets produced by the firm will from now carry bigger pictorial health warnings covering 85% of surface area, up from 40%. The country’s biggest cigarette maker, which halted production twice to comply with the new norms, was quoted as saying that its factories have resumed production.

Hindustan Unilever reported 7% rise in net profit figures at Rs 1089.59 crore for the quarter under review against Rs 1018.08 crore YoY. Total income from operations (net) of HUL jumped 3.52% yoy at Rs 7945.66 crore. Commenting on HUL results, Amar Ambani, Head of Research, IIFL, said, “ PAT increased by 7% to Rs1,090cr, 1.6% lower than our estimate of Rs1,107cr. Net revenue grew 3.5%, lower than 4.4% against our estimate of Rs8,312cr. During the quarter, the company reported a 4% volume growth as against our expectation of 5%.”

Reliance Capital jumped 6.8% to Rs.409.60 on BSE. The company reported a marginal 1.9% increase in its consolidated net profit at Rs. 415 crore for the quarter ended March 2016.

At the closing bell, the BSE Sensex closed higher by 460 points, while the NSE Nifty finished higher by 132 points. S&P BSE Midcap and S&P BSE Small Cap also ended the day higher by 1.3% and 1.2% respectively.

Asian markets finished on a mixed note as of the most recent closing prices. Stock markets in China and Indonesia ended the day lower by 1.5% and 2.8% respectively. Whereas, stock markets in Singapore and Japan ended the day higher by 1.3% and 0.7%. Oil prices were trading at US$ 45.64 a barrel at the time of writing. The rupee was trading at 66.44 against the US$.

Sectoral indices finished the day on an encouraging note with stocks from banking and telecommunications sectors witnessing maximum buying interest.

As per an article in leading financial daily, Maruti Suzuki India reported sales of over one lakh vehicles with auto gear-shift (AGS) technology. This is a technology wherein the driver does not have to put his feet on the clutch pedal in order to shift the gear as an electrically operated system deploys the clutch automatically when the gear is changed.

Maruti introduced the AGS technology first in the hatchback model of Celerio. Reportedly, models with AGS technology now account for over 60% of the total sales of Celerio. Looking at this success, the company has loaded this technology in more models.

Currently, Alto K10, Wagon R, Swift Dzire are also equipped with the AGS technology. The company has sold 18,000 units of Alto K-10, 12,000 units of Wagon R, about 66,000 units of Celerio, 200 units of Dzire and has also exported around 3,100 units with AGS technology.

USDINR trade today trading up 10 paise at 66.44 per US dollar.

Out of 1,392 stocks traded on the NSE, 386 declined and 944 advanced today.

Top 5 Nifty Gainers: Dr Reddys Lab (1.83%), Hind. Unilever (1.55%), Tata Steel (1.44%), Axis Bank (0.68%), and Infosys Ltd (0.47%).

Top 5 Nifty Losers: Tata Motors (-2.39%), ICICI Bank (-1.11%), ONGC (-1.02%), Bajaj Auto (-0.98%), M&M (-0.96%)

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The Indian equity market closed almost at the same point where it too off from in the morning. Negative vibes from the US and the Asian markets compelled stock market in India to open with a gap down. However, after slipping below the 7700 mark, the Nifty staged a smart bounce back. Nifty closed with a a loss of 2 points at 7,733 while Sensex ended with a loss of 34 points at 25,228.

ABG Shipyard tumbled 20% to Rs.30.65 on BSE. Reports stated that the promoters of the debt-laden ship-maker may have to give up control of the company after they failed to bring in an investor, yet again.

Diamond Power jumped 9.9% to Rs.44.85 after the company has announced that its board is likely to consider re-organization of business after consulting its investors. The company will authorize a committee to offer stake up to 51% to a strategic investor.

Exchanging Solutions hit 20% upper circuit to Rs.60.10 on the BSE after the company engaged in information technology (IT) services business announced voluntary deli-sting plan.

Hindustan Composites rallied 14.4% to Rs.1055 on BSE. the company reported 135% growth in net profit at Rs 18.9 crore for the quarter ended March 2016 compared with Rs 8 crore in the same quarter last fiscal.

Talwalkars Better Value surged 3.8% to Rs.202.10 after the company reported 13 per cent year-on-year rise in its consolidated net profit at Rs 20.20 crore for the quarter ended March 2016.

Syndicate Bank climbed 3.6% to Rs.68 on BSE. The bank has allotted Rs.9.5 crore equity shares of face value of Rs.10/- each for cash at an issue price of Rs. 77.79 determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations aggregating to Rs. 740 crore on preferential basis to Government of India.

Bank of India gained 1% to Rs.86.75 after the bank has allotted 10,14,82,527 equity shares of Rs. 10/- each to Government of India at a price of Rs.113.32 per share; 1,60,00,000 equity shares of Rs. 10/- each to Life Insurance Corporation of India at Rs.96.03 per share.

Procter & Gamble slipped 3.2% to Rs. 6,199. The company posted a net profit of Rs. 973 mn for the quarter ended March 31, 2016 compared with Rs.868.9 mn for the quarter ended March 31, 2015.

Aarti Drugs cracked 4.3% to Rs. 464. The company reported a consolidated net profit of Rs.18.6 crore as against Rs.17 crore in the same period last year.

Jindal Steel & Power dropped 2.7% to Rs.64.25 on BSE. JSPL will sell certain steel and mining assets and will expand its power business portfolio into renewable energy and transmission and distribution (T&D), CEO Ravi Uppal has been quoted as saying by a business daily.

USDINR trade today trading down 3 paise at 66.57 per US dollar.

Out of 1,392 stocks traded on the NSE, 748 declined and 576 advanced today.

Top 5 Nifty Gainers: NTPC (2.78%), Bajaj Auto (2.03%), ITC Ltd (2.02%), Asian Paints (1.98%), and HDFC Bank (1.91%).

Top 5 Nifty Losers: Dr Reddys Lab (-0.56%)

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The Indian equity market snapped a three-day losing streak on Thursday amid a choppy trading session. After opening with smart gains, indices moved in and out of the red and later surged higher for most part of the day. However, benchmarks erased gains in the last hour of the session led by selling pressure in telecom, oil & gas, consumer durables and banking stocks. Even the midcap and small-cap stocks were under pressure. On the other hand, realty, power, FMCG and industrials stocks ended with gains. Nifty closed with a a gain of 29 points at 7,736 while Sensex ended with a gain of 160 points at 25,262.

Indiabulls Real Estate jumped 5.6% to Rs. 71.50. The company has increased stake in Singapore business trust IPIT to 51.18% from 47.51%.

Adani Ports extended losses for the second day and was the worst performing stock on both the benchmark indices. The stock slipped 5% and closed at Rs.198. The company posted a net profit of Rs. 9140.60 mn for the quarter ended March 31, 2016 compared with Rs.6607.30 mn for the quarter ended March 31, 2015.

L&T gained 2.2% to Rs.1,237 after Larsen & Toubro Infotech (L&T Infotech), IT services & solutions companies and a subsidiary of Larsen & Toubro, signed a multi-year contract with Elkjøp Nordic AS to provide end-to-end Infrastructure Management and Datacenter services.

Gillette India climbed 3.6% to Rs.4,430 after the company reported over two-fold jump in net profit at Rs.80.85 crore for the third quarter ended March 31.

Ricoh India hit 5% lower circuit to Rs.271.90 on BSE. As per media reports, the BSE suspended trading in the company’s stock from May 26. Recently, its stock was moved to ‘Z’ category and its top deck were asked to leave without pay.

V-Guard Industries hit 20% upper circuit to Rs. 1,187. The company reported standalone net profit of Rs. 41.97 crore for the quarter ended March 31, 2016, registering growth of 109.1% yoy and 95.36%.

Sun Pharma gained 1% to Rs. 811. Sun Pharma announced that two pivotal Phase-3 clinical trials evaluating the efficacy and safety of the investigational IL-23p19 inhibitor antibody tildrakizumab (MK-3222) in patients with moderate-to-severe plaque psoriasis met their primary endpoints for both evaluated doses.

Orient Cement gained 1.6% and closed at Rs. 147.50. The company’s standalone revenue stood at Rs. 449.29 crore, up 13.94% yoy and 27.03%.

Idea Cellular dropped 5% to Rs.113.60 on BSE. According to media report, the telecom company may spend $1.3 billion in adding data spectrum in upcoming auction around July.

USDINR trade today trading down 8 paise at 66.46 per US dollar.

Out of 1,804 stocks traded on the NSE, 789 declined and 746 advanced today.

Top 5 Nifty Gainers: SBI (1.25%) ICICI Bank (0.77%), Bharti Airtel (0.59%), GAIL (0.46%), and Asian Paints (0.25%).

Top 5 Nifty Losers: Adani Ports & Sez (-.1.51%), Dr Reddys Lab (-1.33%), Wipro (-1.21%), Hero Motocorp (-1.07), Lupin Ltd (-1.04%)

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