The Indian stock market ended with smart gains on Monday as the Sensex hit its highest level in more than a week while the Nifty hit its highest level in more than 11 months. Recent under-performers such as Infosys and State Bank of India recovered on improved sentiment following assurances from global policymakers on the need to boost growth. In addition, better than expected monsoon season has lifted the sentiment across the board. Nifty closed 94 points higher at 8,636 points, while BSE Sensex ended with a gain of 292 points at 28,095.

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

PSU oil stocks rallied on BSE. According to media reports, the government is also evaluating if the consolidated entity can include all non-corporate government bodies in the oil sector such as Oil Industry Development Board (OIDB), Petroleum Planning and Analysis Cell (PPAC) and Petroleum Conservation Research Association. HPCL climbed 4.2%. IOC, ONGC, BPCL ended over 2% each.

Dr Reddy’s Laboratories tumbled 3.6%. The company will announce its Q1 results tomorrow.

Paper stocks rallied on the Bombay Stock Exchange. Seshasayee Paper & Boards hit 20% upper circuit at Rs.381.The company posted net profit increased by 347.50% to Rs.24.12 crore in the quarter ended June 2016 as against Rs.5.39 crore during the previous quarter ended June 2015.

Vedanta gained 1.7% after announcing a revised offer for taking over its group firm Cairn India.

Tata Metaliks tumbled 4.2% despite reporting a 25% increase in consolidated net profit for the first quarter ended June.

Hindustan Unilever advanced 0.43% on a report it plans to launch a range of baby care products under its Dove brand in the next few months.

IL&FS Engineering and Construction Company soared 7% on winning the Rs 532.67 crore Nagpur Metro Rail Project.

Rallis India climbed 4.4% to Rs.218. The company has posted a net profit after tax of Rs.174.2 crore for the quarter ended June 30, 2016 as compared to Rs.42.39 crore for the quarter ended June 30, 2015.

KSB Pumps dropped 4.4% to Rs.703 on BSE. The company recorded decline of 27.9% in its net profit at Rs.16 crore for the quarter ended June 30, 2016 as compared to Rs.22.2 crore for the quarter ended June 30, 2015. The company’s total income has increased by 1.7% at Rs.203.6 crore for the quarter against Rs.200 crore in the corresponding quarter of the previous year.

Alok Industries rose 1.7% to Rs.4.24. The company is considering restructuring of over Rs.18,000 crore debt under S4A (scheme for sustainable structuring of stressed assets), as per media reports.

USDINR trade today trading down 19 paise at 67.27 per US dollar.

Out of 1,5397 stocks traded on the NSE, 414 declined and 941 advanced today.

Top 5 Nifty Gainers: Tata Steel (2.43%), Axis Bank (2.16%), Reliance Ind. (1.11%), Adani Ports & Sez (0.84%) and CIPLA (0.84%).

Top 5 Nifty Losers: Lupin Ltd (-1.12%), Hero Motocorp (-1.09%), Coal India (-0.84%), ICICI Bank (-0.82%) and Asian Paints (-0.76%)

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The Indian stock market ended with smart gains on Friday amid a volatile trading session. Sentiment got a fillip after reports stated that the Rajya Sabha will take up GST Bill for discussion next week. Today’s upsurge was led by the realty, power, metals, utilities, industrial, basic materials, capital goods and telecom stocks. Only IT stocks closed in red on BSE. Nifty closed 31 points higher at 8,541 points, while BSE Sensex ended with a gain of 93 points at 27,803.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed lower. Nikkei 225 slipped 1.1%.

Biocon climbed 15.3% to Rs.808. The pharma company posted a net profit after taxes, minority interest and share of profit of associates of Rs.1666 mn for the quarter ended June 30, 2016 as compared to Rs.1239 mn for the quarter ended June 30, 2015.

Raymond dropped 6.6% to Rs.457.65 on BSE. The company reported net loss at Rs.16.61 crore in the quarter ended June 2016 as against net loss of Rs.14.47 crore during the previous quarter ended June 2015. The company’s sales increased by 4.81% to Rs.1,057.36 crore in the quarter ended June 2016 as against Rs.1,008.82 crore during the previous quarter ended June 2015.

Reliance Defence and Engineering Limited jumped 2% after the company signed Sub-Concession Agreement with Gujarat Maritime Board and Gujarat Pipavav Port Limited at Gandhi nagar, Gujarat. The SCA is for a period of 30 years expiring in June 2046.

Nava Bharat Ventures Ltd dropped 5.4% to Rs.247.65. The Board of Directors of the Company has approved the issuance of bonus shares in the ratio of 1:1 i.e. One Bonus Equity Share of Rs.2/- each for every One existing Equity Share of Rs.2/- each, by capitalizing a part of the general reserves, subject to the approval of shareholders at the ensuing Annual General Meeting scheduled to be held on August 24, 2016.

Gujarat Narmada Valley Fertilizers and Chemicals dropped 7.5% to Rs.158. The company posted a net profit of Rs.69.25 crore as compared to net loss of Rs.27.11 crore a year ago.

Gammon India advanced 1.3% to Rs.16.10 after the company said it will transfer civil EPC undertaking to Gammon Engineering & Contractors. GP Group, Thailand to buy 75% stake in Gammon Engineering for Rs.150 crore.

Bharat Financial Inclusion Ltd jumped 10.5% to Rs.845 on BSE. The company has posted a profit after tax of Rs. 2359.112 million for the quarter ended June 30, 2016 as compared to Rs. 611.556 million for the quarter ended June 30, 2015.

ITC Ltd closed marginally lower at Rs.249.55 after the company posted a net profit of Rs.23846.70 million for the quarter ended June 30, 2016 as compared to Rs.21660.90 million for the quarter ended June 30, 2015.

USDINR trade today trading up five paise at 67.12 per US dollar.

Out of 1,530 stocks traded on the NSE, 591 declined and 876 advanced today.

Top 5 Nifty Gainers: BHEL (1.81%), SBI (1.63%), Maruti Suzuki (1.58%), HDFC (1.39%) and ONGC (0.88%).

Top 5 Nifty Losers: Dr. Reddys Lab (-3.39%), Axis Bank (-1.78%), Baja Auto (-0.83%), Hind. Unilever (-0.65%) and Bharti Airtel (-0.64%)

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The Indian stock market snapped two day winning streak on Thursday(21st July 2016) as momentum failed to sustain at higher levels. Index heavy weights like HDFC Bank, Kotak Bank announced their results which failed to lift the sentiment. Nifty closed with a loss of 58 points at 8,510, while BSE Sensex ended with a loss of 205 points at 27,711.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Nikkei 225 closed higher. Hong Kong’s Hang Seng index closed marginally up.

Kotak Mahindra Bank dropped 2.7% after the bank posted net profit of Rs.742 crore for the quarter ended June 30, 2016 as compared to Rs.190 crore for the quarter ended June 30, 2015.

ACC zoomed 4% to Rs.1701. The company said that two new cement grinding facilities, one each at Jamul in Chhattisgarh and Sindri in Jharkhand, which form part of this integrated project, are expected to be commissioned within third quarter of 2016.

Suven Life Sciences gained 1.3% to Rs.207. The pharma company has undergone USFDA renewal inspection at their facility in Pashamylaram near Hyderabad for the manufacture and supply of active pharmaceutical ingredients (bulk drugs), intermediates and formulations under cGMP during April 4th through 14th 2016.

ITC closed marginally lower at Rs.250. The company will announce its Q1 numbers today.

VRL Logistics zoomed 10.7% to Rs.348. The company said they have cancelled plans to launch a regional airline, citing an adverse civil aviation policy.

Axis Bank slipped 3.6% to Rs.538. The bank has slashed its minimum lending rate by 10 basis points to 9.35%, with effect from July 27. The bank will announce its Q1 results tomorrow.

Welspun Corp zoomed 4.9% to Rs.88 after the company entered into a definitive agreement with an American midstream major to supply over 274 kilometers (@ 184K MTs) heavy wall, large diameter, 18 meters length, Longitudinal Saw line-pipe for a prestigious Gas Project in Americas. The stock is currently trading higher by 7% to Rs.89.65.

Ambuja Cements gained 1.5% to Rs.266. The cabinet committee approved Ambuja Cements planned acquisition of a 24% stake in Holcim India Pvt. Ltd, paving the way for the proposed restructuring of the holding pattern of Holcim’s India units,  ACC Ltd and Ambuja Cements Ltd.

Neyveli Lignite zoomed 5.5% to Rs.77. The Cabinet Committee on Economic Affairs has given its approval for installation of Ghatampur Thermal Power Project (GTPC) of 1980 MW (3 X 660 MW) capacity through a Joint Venture Company named Neyveli Uttar Pradesh Power Limited.

Sasken Communication Technologies jumped 3.7% to Rs.361.The company reported its net profit at Rs.15.6 crore in the quarter ended June 2016 as against net profit of Rs.17.4 crore during the previous quarter ended June 2015.

UltraTech Cement soared 2% to Rs.3637.Aditya Birla Group-owned Ultra Tech is is expected to complete its acquisition of Jaiprakash Associates’ cement plants within the next one year, group chairman Kumar Mangalam Birla said at the 16th annual general meeting of the company, according to reports. The company has announced that it has received shareholder nod to issue NCDs up to Rs 9,000 crore.

KPIT Technologies climbed 3% to Rs.137. The company’s consolidated revenue stood at Rs.803.23 crore, down 4.49% qoq but up 5.78% yoy.

USDINR trade today trading down one paise at 67.20 per US dollar.

Out of 1,462 stocks traded on the NSE, 928 declined and 487 advanced today.

Top 5 Nifty Gainers: GAIL (1.84%), BHEL (1.50%), Tata Motors (1.13%), L&T (1.04%) and Adani Ports & Sez (0.87%).

Top 5 Nifty Losers: Baja Auto (-1.19%), Infosys Ltd (-1.15%), Hind. Unilever (-1.06%), Sun Pharma (-0.83%) and Wipro (-0.79%)

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