The Indian equity market ended almost unchanged on 3 June 2016 erasing all its early gains. After opening with a positive bias, indices failed to carry forward the momentum. Selling pressure in the telecom, capital goods and realty stocks saw the benchmarks close almost near day’s low. The health care, consumer durables and industrials stocks too ended lower. Even the mid cap and small cap stocks ended with marginal losses. On the other hand, banking, auto and energy stocks ended with gains. Nifty closed with a gain of mere two points at 8,221, while BSE Sensex ended almost flat at 26,843.

On the global front, Asian stock market closed higher ahead of US payroll data. The Caixin China services purchasing managers index eased to a three-month low of 51.2 in May from 51.8 in April. The Shanghai Composite closed up 0.4%. Hong Kong’s Hang Seng index and Japan’s Nikkei 225 ended higher by 0.44% each.

In Europe, the FTSE 100 was trading higher by 0.90%. DAX and the CAC 40 are trading marginally higher by 0.3% respectively.

Axis Bank climbed 3.5% to Rs.542.80 on BSE. The stock was the top Nifty 50 gainer. The bank has allotted senior fixed rate green bonds aggregating to $500 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange. The notes have been priced at 160 basis points over the 5-year US Treasury Note, at a price of 99.479% to yield 2.988%. The notes will be denominated in US dollars, and will bear fixed interest of 2.875% per annum, with interest payable semi-annually in arrears.

Natco Pharma jumped 8.5% to Rs. 518.35. The company announced that its marketing partner, Mylan Inc., has received a tentative approval for its Abbreviated New Drug Application (ANDA) for Sorafenib Tablets, 200mg, with the U.S. Food and Drug Administration (USFDA).

Idea Cellular cracked 10% to Rs.107 after block deal. More than 3% of total equity worth of around Rs.1,400 crore of the company changed hands via multiple block deals. Providence Equity Partners is planning to sell almost half of its stake in telecom operator Idea Cellular Ltd in a block trade for about $209 million (about Rs.1,400 crore), says report.

MOIL surged 5.3% to Rs.233.25 after the company announced that the board will meet on June 7, to consider buyback of equity shares.

NMDC rallied 4.5% to Rs.90.30 on BSE. The board of director of the company to consider the proposal for Buy Back of the fully paid-up equity shares of the Company of face value of Rs. 1 each. In pursuance of the Internal Code of Conduct for Prevention of Insider Trading in dealing with securities of NMDC Limited, the trading window shall remain closed from June 03, 2016 to June 09, 2016 (both days inclusive), in connection with the above scheduled meeting.

HUL gained by 1.8% to Rs.885 after the company separated its food & beverages business into two divisions, appointing a new executive director (ED) for beverages.

Rajesh Exports slumped 4.9% to Rs.536.45. The company is eyeing $150-170mn acquisition in Dubai to expand refining capacity and increase margins, according to reports.

BPCL gained 1% to Rs.1,013 on BSE. The company has announced that it has received shareholder nod to increase FII Investment Limit to 49%.

A total of 60 stocks registered a fresh 52-week high in trades today, whereas 35 stocks touched a new 52-week low on the NSE.

USDINR trade today trading down 3 paise at 67.32 per US dollar.

Out of 1,461 stocks traded on the NSE, 828 declined and 574 advanced today.

Top 5 Nifty Gainers: M&M (2.00%), SBI (1.50%), GAIL (1.50%), CIPLA (0.90%) and HDFC Bank (0.60%).

Top 5 Nifty Losers: Maruti Suzuki (-2.20%), Bharti Airtel (-1.90%), Adani Ports & Sez (-1.40%), Coal India (-1.30%) and Axis Bank (-1.20%)

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The Indian equity market closed with smart gains on Thursday after trading sideways in the past two trading sessions. Benchmarks shrugged off early morning losses and rebounded into the positive zone during afternoon trades led by gains in the metal, banking, industrial, auto, energy, oil and gas, capital goods and select power stocks. Even the BSE Midcap and Smallcap stocks ended higher. However, pharma and consumer durables indices ended the day in the red. Nifty closed with again of 39 points at 8,219, while BSE Sensex ended witha gain of 129 points at 26,843.

On the global front, Asian stock market closed on a mixed note. In China, the Shanghai Composite and Hong Kong’s Hang Seng index closed up marginally. Japan’s Nikkei 225 ended lower by 2.4%.

European stocks trading higher ahead of the outcome of the European Central Bank’s (ECB) policy meeting later in the day. The FTSE 100 was trading higher by 0.36%. DAX and the CAC 40 are trading marginally higher.

All eyes will be on the European Central Bank and OPEC meet in Austria.

Oil prices were steady on Thursday as the market experienced mixed signals ahead of OPEC meeting in Vienna.

Shilpi Cable Technologies rallied 3% to Rs.112.55. The company received its board’s approval to set up a project at Abu Dhabi, UAE, through its subsidiary. The unit will have manufacturing capacity of 60,000 tonnes of copper products and will entail an investment of $150 million, of which $50 million will be in the form of equity and the balance $100 million of debt.

Coal India soared 3.2% to Rs.306. The company has achieved a production of 42.58 million tonnes in May, lower than the target of 44.64 million tonnes (MT) for the month. During the months of April and May, the miner produced 82.93 MT of coal against the target of 89.12 MT.

Punj Lloyd cracked 5.2% to Rs.19.20 after a UK court asked the infrastructure company to pay $26 million to International Finance Corporation (IFC) “towards their claims”.

Kajaria Ceramics climbed 4% to Rs.1,149 after the company said that its board of directors will meet on 16 June 2016 to consider stock split. The company proposes to split face value of each share from Rs 2 to Re 1.

Zee Learn gained 1.4% to Rs.29.30 after the Board of Directors at its meeting held on June 1 have decided to keep on hold the Scheme of Amalgamation of Tree House Education and Accessories Ltd.

Reliance Communications jumped 3% to Rs.51. The company will shut down its CDMA services in all of its telecom circles except in 4 circles of Rajasthan, Tamil Nadu, Kerala and Karnataka, as per media reports.

Jyothy Laboratories jumped 3.5% to Rs.289. Report says that Henkel AG may invest in Jyothy Laboratories this year. Henkel had the option to pick up to 26% stake in Jyothy five years after the latter acquired its Indian subsidiary in May 2011.

VST Tillers Tractors gained 1% to Rs.1865. The company has sold 1,933 tractors for quarter ended March 31, 2016 as compared to 1,607 tractors sold during the same quarter last year.

Bank of Maharashtra gained 2% to Rs.28.40. The bank has decided to raise capital through FPO/Rights issue/QIP etc., upto Rs.1,000 crore, subject to the necessary approvals. The stock is trading 3.2% higher at Rs.28.75 on BSE.

A total of 33 stocks registered a fresh 52-week high in trades today, whereas 35 stocks touched a new 52-week low on the NSE.

USDINR trade today trading up 23 paise at 67.21 per US dollar.

Out of 1,811 stocks traded on the NSE, 778 declined and 753 advanced today.

Top 5 Nifty Gainers: M&M (2.10%), SBI (1.60%), GAIL (1.50%), BHEL (1.00%) and CIPLA (0.90%).

Top 5 Nifty Losers: Adani Ports & Sez (-2.30%), Maruti Suzuki (-2.20%) , Bharti Airtel (-1.90%), Tata Steel (-1.30%) and Coal India (-1.30%)

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.