The Indian stock market ended almost unchanged amid a lackluster day of trades. After enjoying a mid-week break, indices were stuck in a narrow trading range on Thursday(7^th July 2016). Nifty closed almost flat at 8,338, while BSE Sensex ended with again of 35 points at 27,201.

On the global front, Asian shares closed mixed. Japan’s Nikkei and China’s Shanghai Composite dropped between 0.1%-0.67% while Hong Kong’s Hang Seng closed in green.

European shares were trading higher. The FTSE 100 and the CAC 40 were trading up 1.4% each. DAX gained 0.98%.

Lupin soared 6.2% to Rs.1657. The pharma company received notification that the inspection carried out by the US FDA in July 2015 at its Goa Facility is now closed and the agency has issued Establishment Inspection Reports (EIR).

Tata Steel dropped 5% to Rs.316.5. Tata Steel is expected to announce on Friday that it will pause the sale of most of its UK business, including Port Talbot, according to reports.

Bharat Forge tumbled 3.4% to Rs.742. The company said its Class 8 truck orders for June down 34% from a year ago and down 8% on month on month at Rs.13,000 units.

Punjab National Bank rose 2.7% to Rs.117 on BSE. The stock rallied after its subsidiary PNB Housing Finance filed a prospectus for a Rs.2,500 crore initial public offer (IPO).

Claris Life sciences surged 5.6% after the company received approval from the US Food and Drug Administration to market Tobramycin injection in the US. Claris Life sciences said that the approval is for Tobramycin injection USP, 80mg/2mL and 1,200mg/30mL multiple dose vials.

JBF Industries tumbled 5.7% to Rs.207.80 on BSE. The company said its net loss of the March quarter widened to Rs.159.11 crore as compared to Rs.54.06 crore a year ago.

Southern Online Bio Technologies hit 20% upper circuit to Rs.12.13.The company received letter of intent from Hindustan Petroleum Corporation Limited for the supply of 1500 Kilo Liters of Bio Diesel from July to September 2016 to its Secunderabad location in Telangana State.

Dhanlaxmi Bank galloped 19.4% to Rs.29.25. The Board of Directors of the Bank approved the proposal for further issue of Equity Shares upto a maximum of Rs.200 crore on Preferential Allotment basis and hold Postal Ballot for seeking approval of shareholders for the same.

Vakrangee zoomed 4% after the company entered into Corporate Agency tie-up with Religare Health Insurance Company (Religare), to distribute health Insurance product through Vakrangee distribution network. Citizens, especially in UN-served and undeserved areas shall be able to access health Insurance products and services offered/to be offered by Religare Health Insurance Company.

NBCC (India) rallied 10.5% to Rs.215.30. The company secured a total business of Rs.578.47 crore (approx) in the month of June,2016.

Kalpataru Power Transmission soared 4.7% to Rs.268 after the company secured new orders exceeding Rs.1900 crores.

USDINR trade today tradingup eight paise at 67.37 per US dollar.

Out of 1,431 stocks traded on the NSE, 652 declined and 736 advanced today.

Top 5 Nifty Gainers: Lupin Ltd (6.25%), Hind. Unilever (3.03%), Dr. Reddys Lab (2.97%), HDFC (2.51%) and HDFC Bank (1.76%).

Top 5 Nifty Losers: Tata Steel (-4.92%), TCS (-2.16%), Coal India (-1.96%), Adani Ports & Sez (-1.84%) and Infosys Ltd (-1.55%)

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After gaining for six consecutive trading sessions, the Indian equity market closed lower on Tuesday. Profit booking combined with negative global cues and a weak rupee dampened sentiment. Nifty closed with a loss of 35 points at 8,336, while BSE Sensex ended with a loss of 112 points at 27,167.

On the global front, Asian shares closed mixed. Japan’s Nikkei, Hong Kong’s Hang Seng dropped between 0.6%-1.4% while China’s Shanghai Composite closed in green.

On the political front, PM Narendra Modi inducted 19 new ministers into the Council of Ministers.

Jaiprakash Associates rallied 27.9% to Rs.11.62 on BSE after UltraTech Cement agreed to pay a​higher price to acquire its cement assets.

HCC jumped 10.3% to Rs.23.05. The company has been awarded Rs.2,523 crore contract by the Mumbai Metro Rail Corporation Limited (MMRCL).

Tata Steel gained 1% to Rs.334. The company said its hot steel production rose by 16.66 per cent to 3.01 million tonnes (MT) in the first quarter of the current fiscal.

Reliance Industries rose 0.64% to Rs.992. The company received approval from the Ministry of Environment & Forests (MoEF) to drill eight additional exploratory wells in Tamil Nadu, according to reports.

IFCI dropped 1.4% to Rs.27, after the company sold 2.25 lakh shares in NSE at Rs.3,950 a share. However, the company put on hold selling its remaining 3.05 per cent stake in NSE.

Tata Teleservices jumped 4.5% to Rs.7.19. The company is gradually shutting its CDMA operations running on the 850 Mhz band and writing off its equipment value, said three people familiar with the company’s plans.

USDINR trade today trading down 23 paise at 67.49 per US dollar.

Out of 1,535 stocks traded on the NSE, 829 declined and 646 advanced today..

Top 5 Nifty Gainers: Dr. Reddys Lab (1.31%), Hind. Unilever (1.26%), Bharti Airtel (0.94%), CIPLA (0.83%) and HDFC (0.76%).

Top 5 Nifty Losers: Adani Ports & Sez (-1.33%), NTPC (-1.28%), Infosys Ltd (-1.16%), TCS (-0.67%) and L&T (-0.56%)

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Winning ways continue on Dalal Street as the Indian equity indices extend gains to sixth consecutive trading sessions. Market sentiment remained strong due to firm rupee, progress of monsoons and strong global cues. Nifty closed with again of 42 points at 8,371, while BSE Sensex ended with a gain of 134 points at 27,279.

On global front, Asian shares shrugged off early losses and edged higher on Monday. Nikkei 225 gained 0.59%. The Shanghai Composite and Hong Kong’s Hang Seng index closed up over 1% each.

Punjab National Bank zoomed 7% to Rs.113. The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.

Tata Motors climbed 2.4% to Rs.469 on BSE. The company’s LCV sales grew by 14% in the month of June 2016 and its passenger cars growing by 22%. The company’s total passenger and commercial (including exports) in July 2016 were at 44,276 vehicles, a growth of 8%, over 40,869 vehicles sold in June 2015.

State Bank of India rose 1.5% to Rs.222 on BSE. The bank informed the Exchange that with reference to the captioned matter, company advise having sold 5% stake in National Stock Exchange of India Limited (NSE) constituting 22,50,000 equity shares of NSE to Veracity Investments Limited, a Mauritius based FII, on 30 .06.2016 at Rs.4050 per share for a total consideration of Rs.911 crore.

Coal India gained 2.4% to Rs.317. The company reported a 10% growth in production during June 2016 at 42.72 million tonnes; Sales registered a near 7% growth take for the month at 44.96 million tonnes.
Jaiprakash Associates rose 5.7% to Rs.9. The Board of Directors of the Company to meet today, to review the progress of the divestment plans and other related matters.

Bosch slipped 1.6% to Rs.22,231 on BSE. The board of directors of the company approved the buy-back of 8,78,160 fully paid up equity shares of face value Rs.10 each per share (representing 2.796 % of the total paid-up equity share capital) of the Company at a price of Rs.23,000/- each per share aggregating to Rs.20.20 crore.

Sobha dropped 0.61% after the company announced the launch of ‘Sobha Winchester’ project, its super luxury residential project in Chennai, Tamil Nadu.

MOIL gained 0.55% to Rs.237 after the company slashed prices of various grades of the mineral by up to 15 per cent for July-September quarter. The prices have been reduced by 10% on all Ferro grades of ore with the Mn content 45% and above on the previous quarter price while the prices have been reduced by 15%t on all other Ferro grades of ore on the previous quarter price

Seamec zoomed 6.6% to Rs.108.10 after the company announced that HAL Offshore has been awarded a Letter of Intent by ONGC for charter hire of multi support vessel of multi support vessel for the scope of work as specified in the tender for a period of 3 years.

USDINR trade today tradingup six paise at 67.25 per US dollar.

Out of 1,459 stocks traded on the NSE, 450 declined and 947 advanced today.

Top 5 Nifty Gainers: BHEL (1.48%), Tata Steel (0.79%), Coal India (0.69%), Adani Ports & Sez (0.49%) and SBI (0.38%).

Top 5 Nifty Losers: GAIL (-1.50%), Bharti Airtel (-1.49%), Tata Motors (-1.26%), NTPC (-1.22%) and Bajaj Auto (-1.18%)

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