After being cautious for the past two trading sessions, stock market in India surged higher on Thursday tracking a strong upswing in the European equity markets as UK voters began to cast ballots on ‘Brexit’ referendum. The rally was sparked by buying in the banking, auto, Financials, industrial, pharma, consumer durables and oil & gas stocks. On the other hand, realty, telecom and power were among the major losers on BSE. Nifty closed with a gain of 67 points at 8,270, while BSE Sensex ended with gain of 237 points at 27,002.

On the global front, Asian markets closed on a mixed note. The Shanghai Composite index closed marginally lower. Hong Kong’s Hang Seng index and Nikkei 225 gained ended higher.

Reliance Communications rallied 4.2% to Rs.49.70 on BSE. It informed that ICRA Limited upgraded its outlook to Stable from negative on the Long Term rating ‘BBB+’ of the company. It has also reaffirmed rating of A2+ for Short-Term Fund Based / Non Fund Based Limits and Commercial Papers of the company.

Natco Pharma jumped 3.9% to Rs.549.60 on BSE. As per media reports, the pharma company received USFDA approval for Sorafenib Tablets.

DLF slipped 1.4% to Rs.138 on BSE. According to media reports, global investors have submitted expressions of interest for acquiring stake in realty firm DLF Ltd’s rental arm include sovereign wealth funds such as GIC, Abu Dhabi Investment Authority and private equity firm Blackstone Group Lp.

Green ply Industries slipped 1.4% to Rs.238. The board approved raising upto Rs.100 crore via issue of securities.

Shares of domestic air carrier Spice Jet closed 2.3% lower at Rs.64 on BSE despite the company said that it will soon announce the acquisition of 100 narrow-bodied aircraft in due course.

JSW Holdings rallied 13.5% to Rs.1309.50. The company experienced a spurt in volumes by more than 1,325 times.

Mandhana Industries plunged 10% to Rs.144.25 on BSE. The company announced that it was in the process of demerging the ‘Being Human’ retail business into a separate company – Mandhana Retail Ventures, as per reports.

Control Print gained 2% to Rs.286.20. The company said in a notice to BSE that it have been admitted to trade on National Stock Exchange of India Limited with effect from 24 June.

Thomas Cook India rose 4% to Rs.214.75. The stock gained for the third consecutive sessions.

USDINR trade today trading up 19 paise at 67.28 per US dollar.

Out of 1,385 stocks traded on the NSE, 822 declined and 502 advanced today.

Top 5 Nifty Gainers: There are no gainers.

Top 5 Nifty Losers: Tata Motors (-11.84%), Tata Steel Axis Bank (-9.08%), ICICI Bank (-6.85%), SBI (-5.82%) and L&T (-5.54%)

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.

After losing steam in the previous trading session, the Indian equity yet again ended with marginal losses on Wednesday(22nd June). Market participants remained cautious ahead of the Britain’s referendum outcome on Thursday(23rd June). Although, indices just lost few points today, internally selling pressure was callous. Barring the realty and health care stocks all the other sectoral indices on the BSE ended with losses. Auto, telecom, industrial, capital goods and power index were top losers. Even the mid cap and small cap index edged lower. Nifty closed with a loss of 16 points at 8,204, while BSE Sensex ended with a loss of 47 points at 26,766.

Major Asian stock markets have opened the day on a mixed note with stock markets in China are trading lower by 0.9%. However, stock markets in Singapore and Japan are trading higher by 0.8% and 0.6% respectively. Benchmark indices in Europe ended their previous session in green with stock markets in Germany ending the day higher by 0.6%.

Meanwhile, Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession. She also added that the UK’s vote on EU membership and a potential economic slowdown in China had raised concerns about the strength of the global economy. Meanwhile, ECB President Mario Draghi said ECB was ready for all contingencies in case of Brexit.

Tata Motors dropped 3% to Rs.472 on BSE. Jaguar Land Rover, Britain’s biggest car maker, estimates its annual profit could be cut by $1.47bn by the end of the decade if Britain leaves the European Union, as per media reports.

Escorts shares soared as much as 14% to Rs.207 and hit their highest level in nearly six years since July2010.

Sharon Bio-Medicine hit 20% upper circuit to Rs.11.62 on BSE. The company informed the exchange that the Board of Directors discussed the current financial position of the company and decided to introduce more profitable products, to increase capacity utilization and get the business to move in the regulated markets, specifically in the United States of America.

Mandhana Industries was locked at 10% lower circuit at Rs.160.The company reportedly said it is in the process of demerging its current retail business.

USDINR trade today trading down 9 paise at 67.59 per US dollar.

Out of 1,815 stocks traded on the NSE, 1062 declined, 507 advanced and 247 remained unchanged today.

Top 5 Nifty Gainers: Sun Pharma (1.91%), Tata Motors (1.28%), Dr. Reddys Lab (1.26%), Lupin Ltd (0.80%) and M&M (0.74%).

Top 5 Nifty Losers: NTPC (-3.15%), BHEL Axis Bank (-1.55%), CIPLA (-1.33%), Tata Steel. (-1.08%) and ONGC (-1.01%)

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.

After gaining for two consecutive trading sessions, the Indian equity market closed lower on (21^st June 2016)Tuesday. Profit booking combined with negative global cues and a weak rupee dampened the sentiment. Market participants also were cautious ahead of the UK referendum scheduled on Thursday. In addition, investors were also seen concerned about US Federal Reserve Chairperson Janet Yellen’s testimony to the US Congress. The testimony can provide further cues towards the next phase of the key lending rate hikes. Nifty closed with a loss of 19 points at 8,220, while BSE Sensex ended with a loss of 54 points at 26,813.

On the global front, Asian shares closed mixed. Japan’s Nikkei and Hong Kong’s Hang Seng gained between 0.7%-1.3% while Singapore’s Straits Times and China’s Shanghai Composite closed in red.

European shares were trading flat with a slight negative bias. The FTSE 100 was trading down 0.30%. DAX and the CAC 40 were trading on a mixed note.

Auto stocks gained 0.58% on BSE. The auto stock rose in a weak market on hopes that above normal monsoon would drive demand for two-wheelers and tractors among others. Ashok Leyland rallied 2.4% to Rs.102. Motherson Sumi Systems, M&M and Amara Raja Batteries closed above 1% each.

Mandhana Industries hit 20% lower circuit on BSE today after it was reported that the company will demerge its retail operations into Mandhana Retail Ventures. Meanwhile, the company may ink new contract with Being Human, promoted by Salman Khan.

Muthoot Finance rallied 3% to Rs.268 on BSE after the company announced the completion of acquiring its insurance broking arm.
Siti Cable Network climbed 2.8% to Rs.38.05 on BSE. The company said in a notice to BSE that its promoters to hike stake in the company by up to 3.67% and buying of shares will start on 27 June.

Bliss GVS Pharma soared 6.2% to Rs.94.85 on BSE after the government yesterday revised the FDI norms for the Indian pharma sector. The scrip yesterday also surged by more than 10%.

Gammon India hit 20% upper circuit at Rs.17.86 on BSE. The company reported a net profit of Rs.53.38 crore in March quarter as compared to net loss of Rs.73.53 crore a year ago.

Take Solutions climbed 3% to Rs.169. The company is planning to sell its supply chain management business to focus more on the life sciences sector that contributes over 75% of revenue, as per media reports.

Man Infra tumbled 3.6% to Rs.44.25. The company received order worth Rs.751.69 crore from Bharat Mumbai Container Terminals Private Limited for development of the fourth container terminal at JNTP in Mumbai.

Kesar Terminals & Infrastructure jumped 13% to Rs.513. The company informed BSE that a meeting of the Board of Directors of the company will be held on June 24, 2016, inter alia, to consider issue of bonus shares.

Entertainment Network zoomed 2.5% to Rs.740 after the parent company said it will be investing $100 million in marketing technology platform Columbia, as per media reports.

Godawari Power & Ispat dropped 2.5% to Rs.57.50 on BSE. The company suspended mining operations at Rajnandgaon in Chhattisgarh due to labour unrest.

Balaji Telefilms dipped 1.1% to Rs.109 on BSE. The company informed bourses that ‘Udta Punjab’ has grossed Rs 53.80 crore in its opening weekened worldwide, with India contributing Rs 45.40 crore and international markets contributing Rs 8.40 crore.

Tata Motors rose 1% to Rs.485 on BSE. Tata Motors’ subsidiary — Jaguar Land Rover (JLR) has launched 2 litre petrol derivative of Land Rover Discovery Sport at a starting price of Rs.56.50 lakh (ex-showroom, Delhi).

Hindustan Construction Company dipped 2% to Rs.20.35. The company is planning to raise Rs.1,000 crore through issue of securities.

Supreme Infrastructure gained 1.2% to Rs.118.95. The company bagged two land development projects for Navi Mumbai Internationl Airport for Rs.398 crore.

USDINR trade today trading down 21 paise at 67.51 per US dollar.

Out of 1,415 stocks traded on the NSE, 701 declined and 644 advanced today.

Top 5 Nifty Gainers: Dr. Reddys Lab (2.46%), ICICI Bank (1.05%), M&M (0.82%), Cipla (0.68%) and Asian Paints (0.67%).

Top 5 Nifty Losers: Tata Motors (-1.77%), Hind. Unilever Axis Bank (-0.84%), Tata Steel (-0.61%), Reliance Ind. (-0.53%) and GAIL (-0.31%)

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.