After falling for four consecutive trading sessions, the Indian equity markets finally made a strong comeback amid positive vibes coming from the Asian and European markets. The market rallied after Union Cabinet approved new civil aviation policy and merger of 5 associates with SBI. Nifty closed with again of 98 points at 8,206, while BSE Sensex ended with a gain of 331 points at 26,726.

On the global front, the Shanghai Composite index closed higher by 1.5%. Hong Kong’s Hang Seng index and Nikkei 225 closed marginally up.

European shares rose early on Wednesday after a five-day losing streak caused by jitters about next week’s British referendum on European Union membership. The FTSE 100 was trading up 0.87%. DAX and the CAC 40 are gained 1% each.

Shares of the subsidiaries of India’s largest bank, State Bank of India (SBI), rose today on Cabinet’s approval to the proposed merger of SBI’s five subsidiaries and Bharatiya Mahila Bank (BMB) with the parent bank. State Bank of Mysore hit a 20% upper circuit at Rs.547.90 on BSE. CNBC TV18 reported that the Cabinet has given a go-ahead to SBI and its arms for the proposed merger. On the back of the green signal given by the Cabinet, State Bank of Travancore surged 19% and State Bank of Bikaner and Jaipur soared 18% on BSE. SBI jumped 4% to Rs.216.

International Paper jumped 6% to Rs.303 after the company said in a notice to exchanges that its promoters to sell 20% stake to parent for restructuring.

Aviation stocks rallied after Union Cabinet approved the new aviation policy that brings a slew of benefits for the passengers. According to the new policy, airfare is capped at Rs.2,500 for an hour-long journey. SpiceJet surged 3.5% to Rs.67. IndiGo climbed 2%. Jet Airways closed marginally higher.

Emami Infrastructure hit 20% upper circuit at Rs. 50.10. The company announced High Court at Calcutta has, today, the June 14, 2016, sanctioned the Scheme of Arrangement for Amalgamation of Emami Realty Limited and Emami Rainbow Niketan Private Limited, the wholly-owned subsidiaries, with the Company Emami infrastructure Limited in the open Court.

NMDC gained 1% to Rs.91.70 after the company reported 4.99 million tonnes of iron ore production and logged sales volume of 4.98 MT up to May 2016. The company’s Chhattisgarh mines produced 3.29 MT of iron ore and registered sales volume of 3.31 MT, while Karnataka mines produced 1.70 MT of iron ore and sold 1.67 up to May 2016.

Thiru Arooran Sugars hit 10% upper circuit to Rs.108.05 on BSE. The company reported net profit of Rs.27.37 crore for the quarter ended March 2016 as compared with net loss of Rs.18.61 crore in a year ago quarter.

Unitech cracked 4.5% to Rs.4.91. Delhi court ordered initiation of proceedings against the company and its top bosses in a case of alleged cheating lodged by an investor for not giving him possession of a flat booked in 2006 in Greater Noida, says report.

Crompton Greaves slipped 1.4% to Rs. 135. Report says that HDFC Mutual Fund has trimmed its stake in the company by 2.01 per cent to 7.20%.

Sintex Industries jumped 6% to Rs.80.45 on BSE after the stock will be included in the futures and options segment of the National Stock Exchange with effect from July 1.

Punjab National Bank gained 1% to Rs.90.40. The bank declared a list of 913 willful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs.11,486 crore.

USDINR trade today trading up 17 paise at 67.09 per US dollar.

Out of 1,418 stocks traded on the NSE, 430 declined and 927 advanced today.

Top 5 Nifty Gainers: SBI (0.67%), GAIL (0.61%) and Tata Steel (0.52%).

Top 5 Nifty Losers: ICICI Bank (-2.68%), Maruti Suzuki (-2.38%), Bharti Airtel (-1.99%), ITC Ltd (-1.99%) and NTPC (-1.95%)

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The Indian equity market ended on a flat note on 13th June 2016 amid a volatile trading session. After opening with a positive bias, indices slipped gradually through out the day led by selling pressure in the energy, IT, oil & gas and telecom stocks. However, sudden bout of buying in the realty, metals, PSU banks and FMCG stocks in late trades aided the Nifty to bounce back sharply and close above the 8100 mark. Nifty closed with a loss of mere two points at 8,109, while BSE Sensex ended almost unchanged at 26,396.

On the global front, Asian stocks declined. In China, the Shanghai Composite index closed marginally higher. Hong Kong’s Hang Seng index and Nikkei 225 closed 1% lower respectively.

European stock markets were trading with a negative bias. The FTSE 100 was trading down 1.2%. DAX and the CAC 40 are down 1% each.

Bhushan Steel rallied 11.5% to Rs.41 after Reserve Bank of India (RBI) on Monday offered a measure of relief to banks weighed down by bad loans and their stressed corporate clients, seeking to slow the build-up of sticky loans and, at the same time, ease the pressure on company balance sheets.

KPIT Technologies dropped 5.4% to Rs.179. The company said that Copart Inc terminated the pact with unit Sparta Consulting without cause. The tech firm further said that it will defend against Copart’s claims.

Suven Life Sciences gained 1% to Rs.209.50 after the company announced that it secured grant of one product patent from Canada (2878217) and one product patent from Hong Kong (HK1176619). These patents correspond to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurode generative diseases. The patents are valid through 2032 and 2030 respectively.

DLF gained 1.6% to Rs.132.65 on BSE. Blackstone Group, GIC of Singapore and Brookfield Asset Management have over $1-bn separate bids to acquire a 40% stake in DLF’s commercial property unit, according to reports.

Reliance Defence climbed 2.3% to Rs.62.75. Reports said that the company is accelerating work on an inherited order for naval offshore patrol vessels (NOPVs) and has assured the Indian Navy of supplying all the five craft by the end of 2017.

Deepak Fertilisers & Petrochemicals Corp Ltd jumped 4.5% to Rs.162 on BSE. The company stated that Ministry of Chemicals and Fertilizers has agreed to release about Rs.485 crore outstanding subsidy payment to the company.

Unitech surged 7.7% to Rs.5.14 on BSE. The apex consumer commission has asked the company to pay over Rs.48 lakh to a Delhi resident for failing to hand over an apartment in its Greater Noida project even after a decade, as per reports.

USDINR trade today trading down 13 paise at 67.25 per US dollar.

Out of 1,336 stocks traded on the NSE, 472 declined and 819 advanced today.

Top 5 Nifty Gainers: Bharti Airtel (2.38%), SBI (1.18%), L&T (1.06%), GAIL (1.01%) and Hero Motocorp (0.97%).

Top 5 Nifty Losers: ICICI Bank (-0.92%), HDFC (-0.44%), Dr. Reddys Lab (-0.41%), Coal India (-0.24%) and TCS (-0.22%)

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Stock market in India closed lower for third consecutive session starting off the week in the red. In-dices hit two week lows amid weakening rupee against the US Dollar and weakness among global stock market. Market participants also preferred to remain cautious as they await US FED and BOJ decision on interest rates. On domestic economy front, government will release May consumer price inflation data today and wholesale price index (WPI) for May on Tuesday. Nifty closed with a loss of 59 points at 8,111, while BSE Sensex ended with a loss of 239 points at 26,396.

Oil prices fell with international Brent crude oil futures slipping below $50 per barrel.

On the global front, Asian markets ended in red ahead of central bank meetings in the US and Japan this week. In China, the Shanghai Composite index and Hong Kong’s Hang Seng index closed 3% lower respectively. Nikkei 225 cracked 3.6%.

European stock markets were trading with a negative bias. The FTSE 100 was trading down 0.61%. DAX and the CAC 40 are down 1.2% respectively.

Dr. Reddy’s Laboratories gained 1% and closed at Rs.3086. The company inked a pact with Teva Pharmaceutical and an affiliate of Allergan Plc to buy a portfolio of eight abbreviated new drug applications (ANDAs) in the US for $ 350 million (around Rs 2,300 crore) in cash.

Fortis Healthcare dropped 1.8% to Rs.165. The company said its subsidiary Escort Heart Institute and Research Centre (EHIRCL) has received an order from the Directorate General of Health Services (DHS) to deposit Rs.503.36 crore for non-compliance of conditions of land allotment lease.

Tata Motors dropped 2.8% to Rs.444 on BSE. The company launched its next-generation ‘Ultra’ range of light commercial vehicle (LCV) in Kenya.

Aviation stocks closed lower on reports that the government proposed several passenger-friendly measures, which are expected to dent bottom lines of airline operators. SpiceJet slipped 1%.Indigo dropped 2.2%.Jet Airways dipped 3%.

Canara Bank slipped 1.8% and closed at Rs.192.50. The bank is planning to raise Rs.5 bn this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, says report.

Amtek Auto soared 5% to Rs.36.35. The company is planning to sell its profitable German unit, Tekfor, for about $700 million (Rs.4,690 crore) to an foreign buyer to reduce its debt, according to reports.

Jindal Steel and Power cracked 3.6% to Rs.62. As per media report, the company is set to get debt recast under the Reserve Bank’s 5/25 scheme post deal with JSW Energy.

Welspun Enterprises gained 1% to Rs.62.05. Welspun Energy, in which Welspun Enterprises holds 15.49% stake, has signed a SPA with Tata Power Renewable Energy (100% subsidiary of Tata Power Company) for divestment of its subsidiary Welspun Renewables Energy. The deal represents the largest transaction in renewables space in India.

Reliance Communications slipped 2.7% to Rs.47.85 on BSE. The telecom company is set to launch 4G services on its own across India in phases, starting mid-August from the key circles of Mumbai, Delhi, Kolkata, says report.

Coal India closed marginally higher and closed at Rs.308. Coal India’s two subsidiaries Mahanadi Coalfields and Northern Coalfields will buyback total shares worth around Rs.1,978 crore from their shareholders.

PVR gained 1.8% to Rs.952. The company earmarked a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones, says report.

USDINR trade today trading down 35 paise at 67.11 per US dollar.

Out of 1,412 stocks traded on the NSE, 864 declined and 501 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (2.42%), SBI (1.88%), Tata Motors (1.70%), GAIL (0.94%) and ICICI Bank (0.84%).

Top 5 Nifty Losers: HDFC (-1.33%), Bajaj Auto (-0.90%), Hind. Unilever (-0.88%), TCS (-0.78%) and Infosys Ltd (-0.77%)

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.