The Indian stock market closed lower for second consecutive session. After opening on a flat note, indices moved higher surging past the 8250 mark, however it was short lived as selling pressure in the realty, auto, industrials stocks. On the other hand, power and utilities stocks ended with marginal gains. Investors also remained cautious ahead of IIP data for April which is scheduled to be released later in the day. Nifty closed with a loss of 33 points at 8,170, while BSE Sensex ended with a loss of 128 points at 26,636.

On the global front, Asian stocks closed on mixed note as weak. Chinese and Taiwanese stock markets are closed for the Dragon Boat Festival. Nikkei 225 and Hang Send closed in red.

European shares slipped for a third straight day with weaker commodities prices putting further pressure on mining and energy stocks. The FTSE 100 was trading down 1.64%. DAX and the CAC 40 are down 2% respectively.

Crude oil declined from a 10-month high in New York, as a stronger dollar countered a rally driven by tightening global supplies.

Solar Industries India zoomed 3% to Rs.3,178 after company bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of 163911.20 MT Explosives worth Rs.443.44 crore for the financial year 2016-17 and 2017-18.

Visa Steel hit 20% upper circuit to Rs.16.38. The company reportedly said it will seek shareholders’ approval for the merger of its joint venture firm Visa Bao (VBL). VBL is a joint venture between VSL and Baosteel of China, with VSL holding 65 per cent stake and Baosteel the remaining.

Tilaknagar Industries dropped 2.8% to Rs.15.80. The company reported a net loss of Rs.104 crore on sales of Rs.90 crore in the January-March quarter.

Yes Bank climbed 2.1% to Rs.1,062. The bank said it subscribed 8% stake in Receivables Exchange of India Limited (RXIL).

NTPC gained 0.50% to Rs.151 on BSE. The company has signed an agreement with South Western Railway for doubling of the Hotgi-Kudgi section under the Customer Funding Concession scheme, says report.

Sadbhav Infrastructure rallied 3% to Rs.101.15.The company informed BSE regarding receipt of provisional completion certificate for 86 km. out of total 87.25 km. and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.

GVK Power zoomed 15.9% to Rs.5.61. The company sought shareholders’ approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs.15,000 crore.

KCP Ltd soared 5.3% to Rs.92. The company decided to expand the production Capacity of its Cement Unit located at Muktyala, Krishna District Andhra Pradesh, from 1.8 MTPA to 3.5 MTPA with an expected outlay of Rs. 400 crores (approximately).

USDINR trade today trading down 13 paise at 66.83 per US dollar.

Out of 1,439 stocks traded on the NSE, 770 declined and 616 advanced today.

Top 5 Nifty Gainers: Lupin Ltd (1.10%), Coal India (0.96%), GAIL (0.77%), Dr. Reddys Lab. (0.41%) and Hind. Unilever (0.40%).

Top 5 Nifty Losers: Tata Motors (-3.43%), ICICI Bank (-3.19%), Tata Steel (-2.93%), BHEL (-2.51%) and Axis Bank (-2.40%)

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Stock market in India ended in deep red on Thursday ahead of key macro economic data to be released on Friday. Import & export data and April industrial production data are scheduled to be announced by the government tomorrow. Nifty closed with a loss of 69 points at 8,204, while BSE Sensex ended with a loss of 257 points at 26,763.

On the global front, Asian stocks closed on mixed note as weak. South Korean stocks declined after the Bank of Korea surprised markets by cutting its policy rate by 25bps to a record-low of 1.25%.

Financial markets in Hong Kong and China are closed today for a public holiday.
In Europe, the FTSE 100 was trading down 0.95%. DAX and the CAC 40 are down 1% respectively.

Pricol zoomed 9.3% to Rs.77.25. The company is targeting a 20-25% revenue growth in the next few years and eying to hit the Rs.3,000-crore revenue mark by 2020.

Eros International Media climbed 4.4% on BSE after its on-demand entertainment platform Eros Now inked a deal with Apple TV for showcasing its repository of Bollywood and regional language films and music videos across 80 countries.

Infosys dropped 4.3% to Rs.1,185 on BSE. Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance, according to reports.

Dr. Reddy’s slipped 2% to Rs.3071. Report says that US Consumer Product Safety Commission, has pleaded to the US Department of Justice , seeking civil penalty against the company.

Surya Roshni rallied 2.8% to Rs.161. The company has announced that a meeting of the Board of Directors of the Company has considered and approved the scheme of Amalgamation of Surya Global Steel Tubes Ltd with the company.

HCL Technologies gained 1.3% to Rs.753 after the company announced that it has signed partnerships with two leading automotive solution providers to expand its offerings for the fast-growing smart vehicle ecosystem. Working to enhance HCL’s existing Smart Mobility and Vehicle Engineering Services, alliances with Movement and Right ware will bring invaluable services to HCL’s clients, the company said in a statement.

Granules India climbed 1.7% to Rs.142.10 after the company has announced that it has entered into an agreement for product in-licensing.

Vipul soared 8.3% to Rs. 57. According to media report, the company has seen a good response to the launch of its new project, Aarohan, at Golf course Road, Gurgaon.

Tata Motors closed marginally higher to Rs.467 on BSE. The company reported a 10.3 % increase in global sales at 87,414 units, including that of Jaguar Land Rover (JLR) vehicles, in May.

USDINR trade today trading down 9 paise at 66.73 per US dollar.

Out of 1,327 stocks traded on the NSE, 692 declined and 575 advanced today.

Top 5 Nifty Gainers: BHEL (3.71%), Lupin Ltd (1.37%), NTPC (1.10%), Reliance Ind. (1.09%) and Adani Ports & Sez (0.97%).

Top 5 Nifty Losers: HDFC (-0.78%), Bharti Airtel (-0.71%), Tata Motors (-0.71%), ITC Ltd (-0.56%) and Asian Paints (-0.51%)

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After opening on a flat note, indices were stuck in a narrow trading range throughout the day clocking in minuscule gains. The power, capital goods, industrials and utilities stocks were among the major gainers. On the other hand, IT and health care stocks were under pressure. Nifty closed with a gain of mere seven points at 8,273, while BSE Sensex ended with a gain of 11 points at 27,021.

On the global front, Asian stocks closed on mixed note as weak The Shanghai Composite and Hong Kong’s Hang Seng index closed down. Japan’s Nikkei 225 ended higher by 0.92%.

European shares fell on 8^th June 2016. The FTSE 100 was trading marginally up. DAX and the CAC 40 are down 0.5% respectively.

L&T gained 1.5% to Rs.1510 after the company announced that its construction arm along with its joint venture (JV) partner in Qatar, Al Balagh Trading & Contracting, has signed a contract to build a 40,000 seater stadium, as part of the sports infrastructure being readied by the Emirate in preparation of the 2022 Fifa World Cup.

JSW Energy climbed 13.5% to Rs.80.35 on reports that the company might clinch the 860 MW Karnataka SEB power purchase deal.

Rajesh Exports dropped 1.4% to Rs.495. The company has announced that it has bagged Rs. 653 crores worth export order.

Siemens soared 4.2% to Rs.1257 after the company announced that, together with Siemens Bangladesh Ltd., it has won an order worth approximately Rs. 113 crore from Power Grid Company of Bangladesh Limited (PGCB) to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj with in Dhaka.

JSW Steel gained 1.3% to Rs.1395. The company reported its highest ever monthly crude steel production for May 2016 at 13.48 lac tonnes showing growth of 16% over the corresponding month of previous year.

Shreyas Shipping & Logistics jumped 4% to Rs.402. The company has entered into vessel sharing arrangement with Shipping Corporation of India to commence two coastal services connecting the Middle East commencing from second week of June.

GMR Infrastructure zoomed 2.8% to Rs.11.84. GMR Infrastructure Ltd led consortium won two projects to build parts of India’s upcoming eastern cargo rail corridor, adding up to 221km, at a cost of Rs.2,280.70 crore.

Telecom stocks ended higher by 0.74%. In a move that can bring cheer to telecom companies, the inter-ministerial decision making body approved lower spectrum usage charge of 3% for the coming auctions of radio waves. This charge was 5% in the last two auctions of spectrum. Bharti Airtel Ltd gained 1%, Idea Cellular down 0.19%, Reliance Communications up 1.65%.

USDINR trade today trading up 6 paise at 66.90 per US dollar.

Out of 1,468 stocks traded on the NSE, 474 declined and 940 advanced today.

Top 5 Nifty Gainers: NTPC (1.79%), ONGC (1.16%), Reliance Ind. (1.04%), Axis Bank (0.75%) and GAIL (0.28%).

Top 5 Nifty Losers: Infosys Ltd (-3.45%), Dr. Reddys Lab (-1.73%), Hind Unilever (-1.68%), HDFC (-1.51%) and Asian Paints (-1.34%)

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.