The Indian stock market rallied for the second consecutive session on Wednesday. Today’s upsurge was led by the realty, pharma, power, oil & gas, energy, FMCG, basic materials and banking stocks. On the other hand, telecom and consumer durables stocks were among the major losers. Nifty closed 37 points higher at 8,566 points, while BSE Sensex ended with a gain of 128 points at 27,916.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 1%.

Wipro tumbled 2% to Rs.538.60. The IT major disappointed as consolidated Profit after tax (PAT) of the company stood at Rs. 2052 crore in Q1 FY17 as compared with Rs.2238 crore in Q4 FY16.

Anant Raj hit 20% upper circuit to Rs.56.45 after the company’s board has approved demerger of some operations. Under the plan, the company will demerger the real estate division of Anant Raj Agencies into Taurus Promoters & Developers and the remaining business of Anant Raj Agencies will be merged with Anant Raj. This demerger is being done to simplify the promoter holding structure in Anant Raj.

Aurobindo Pharma zoomed 5% after the company received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rosuvastatin Calcium Tablets, 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).

DHFL gained 1.4% to Rs.220 on BSE. The company has posted a net profit after tax of Rs.2,014 million for the quarter ended June 30, 2016 as compared to Rs.1,732.80 million for the quarter ended June 30, 2015.

Bharat Heavy Electricals Limited soared 3.4% after the company has successfully commissioned the third unit of the 4×40 MW Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal.

Glenmark Pharmaceuticals jumped 2.3% to Rs.853 after the company said it has received final approval from the US health regulator USFDA for Rosuvastatin calcium tablets, used in lowering cholesterol.

Steel Strips Wheels Ltd climbed 1.8% after the company has bagged its maiden export order from Mobius Motors, Kenya. Supplies would be executed from SSWL’S Dappar plant in Punjab.

USDINR trade today trading up eight paise at 67.18 per US dollar.

Out of 1,444 stocks traded on the NSE, 440 declined and 945 advanced today.

Top 5 Nifty Gainers: ONGC (0.94%), CIPLA (0.82%), Asian Paints (0.66%), Sun Pharma (0.58%) and Wipro (0.54%).

Top 5 Nifty Losers: Axis Bank (-1.58%), BHEL (-1.49%), Dr Reddys Lab (-1.20%), TCS (-0.74%) and M&M (-0.71%)

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The Indian equity market ended with smart gains amid a highly volatile session. After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, a sudden bout of buying in the oil and gas, energy, pharma, IT, metals stocks lifted the benchmarks. On the other hand, FMCG, consumer durables, banking and realty stocks were under pressure. Nifty closed with a gain of 20 points at 8,529, while BSE Sensex ended with a gain of 41 points at 27,788.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 1.3%.

MindTree slumped 8.4% to Rs.562.The company reported a consolidated net profit of Rs. 123.5 crore for the quarter ended 30th June, 2016 registering a decline of 7.14% qoq and 3.74% yoy.

Ashoka Buildcon jumped 4.3% after the company received Letter of Award (LOA) from National Highways Authority of India (NHAI) for the Project viz. Request for Proposal For “Two/Four laning with paved shoulders of Govindpur (Rajgunj)-Chas-West Bengal Border section of NH-32 in the State of Jharkhand on NHDP Phase – IV on EPC mode.

JSW Energy zoomed 1.4% to Rs.81.30. JSW Energy agreed to acquire the 500 MW (2X250 MW) thermal power plant located at Bina in Madhya Pradesh.

Jaiprakash Power Ventures soared 5.4% Rs.6.40. The company posted a net loss of Rs.1961.60 million for the quarter ended June 30, 2016 where as the net profit was at Rs.669.60 million for the quarter ended June 30, 2015.

HUL dropped 2.7% to Rs.895. The company’s standalone revenue stood at Rs.8218.18 crore, rising 5.27% qoq and 3.62% yoy. The company is aiming to become the largest e-commerce player in the grocery/FMCG segment soon.

Idea Cellular jumped 2.4% to Rs.106 after the company slashed the rates of its 4G, 3G BIG Internet packs by upto 67%.

Camlin Fine Sciences surged 3.8% to Rs.95. The company said that State Level Environment Impact Assessment Authority, Gujarat, has granted environment clearance to set up a manufacturing facility for hydroquinone /catechol and its downstream products at the Dahej SEZ. It had investment plans of Rs.180 crore for the unit.

USDINR trade today trading four paise at 67.16 per US dollar.

Out of 1,420 stocks traded on the NSE, 840 declined and 618 advanced today.

Top 5 Nifty Gainers: Coal India (2.52%), GAIL (2.10%), BHEL (1.83%), Dr Reddys Lab (1.60%) and Hero MotoCorp (1.45%).

Top 5 Nifty Losers: Wipro (-3.14%), ICICI Bank (-1.15%), Tata Motors (-1.06%), HDFC (-0.80%) and Maruti Suzuki (-0.63%)

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Wiping out most of its early gains the Indian stock market closed lower on Monday. The NSE Nifty fell below the crucial 8,500 mark during trades as profit booking emerged after benchmark indices hit fresh 2016 highs. Selling pressure was seen in telecom, realty, energy, metal, oil and gas, capital goods, utilities and consumer durables stocks, only auto and IT stocks ended in the green on the BSE. Nifty closed with a loss of 33 points at 8,509, while BSE Sensex ended with a loss of 90 points at 27,747.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index closed marginally lower. Hong Kong’s Hang Seng index and Nikkei 225 gained ended higher by 0.66% each.

HUL dropped 2% to Rs.920. The company posted a net profit of Rs.11739.00 million for the quarter ended June 30, 2016 as compared to Rs.10691.60 million for the quarter ended June 30, 2015.

Oil India and ONGC dropped after reports said that the two companies would be required to share additional burden in the form of royalty payments, with respect from February 2014, amounting in excess of $1 billion. Oil India slipped 3% and ONGC ended lower 4.9% to Rs.219.

LT Foods soared 4.8% to Rs.298. The company acquired iconic brand 817 Elephant brand of rice through its UK subsidiary LT Foods International Limited to further strengthen its existing presence in Canada, USA and Israel.

Castex Technologies surged 5% to Rs.12.27. The Lenders of Castex Technologies Ltd, the debt laden Amtek Auto Ltd firm in a joint lending forum (JLF) have proposed a strategic debt restructuring (SDR), as per reports.

HEG Ltd soared 3% to Rs.185. The Board of Directors of the Company will meet on August 2 to consider raising of funds by issue of Non-Convertible Debentures on private placement basis for an aggregate amount upto Rs.100 crores.

Glenmark Pharmaceuticals dropped 2% to Rs.833 on BSE. Glenmark Pharmaceuticals is planning to raise around USD 200 mn by issuing USD denominated non-convertible unsecured bonds.

Mastek slipped 3.5% to Rs.135. Mastek reported consolidated net profit of Rs.3.58 crore for the quarter ended 30th June,2016 registering a decline of 38.90% qoq and 19.19% yoy.

SPARC gained 1.5% to Rs.355. Sun Pharma Advanced Research Company Ltd and Sun Pharma announced a licensing arrangement for SPARC’s ELEPSIA XR (Levetiracetam ER Tablets).

USDINR trade today trading down eight paise at 67.13 per US dollar.

Out of 1,458 stocks traded on the NSE, 917 declined and 507 advanced today.

Top 5 Nifty Gainers: ICICI Bank (1.80%), Tata Motors (1.67%), Sun Pharma (1.00%), ONGC (0.78%) and Reliance Ind. (0.77%).

Top 5 Nifty Losers: Hind. Unilever (-2.11%), ITC Ltd (-1.00%), Hero MotoCorp (-0.84%), HDFC Bank (-0.79%) and M&M (-0.75%)

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.