The Indian equity market ended in the red as indices extended losing streak to second consecutive trading session on Wednesday. Today’s major decline was led by the IT, teck, FMCG and power, stocks, while metal, basic materials, auto, pharma and banking were among the gainer. Nifty closed with a loss of 19 points at 8,624, while BSE Sensex ended with a loss of 59 points at 28,005.

On the global front, Japan’s Nikkei advanced 0.89%. Hong Kong’s Hang Seng ended in red.

European stocks edged lower ahead of the closely-watched release of the US Federal Reserve’s latest minutes. The FTSE 100 was trading down, DAX and the CAC 40 were trading lower around 0.5% each.
Reliance Communications jumped 3.3% to Rs.49.55 after the company announced the introduction of Next-Gen APP-TO-APP CALLING in the country and worldwide, launching the ‘Calling Ka Naya Tareeka’ offer for existing and new customers.
Radico Khaitan jumped 9% to Rs.101.40 on the BSE. The company recorded a rise of 25% in its net profit at Rs.21.53 crore for the quarter ended June 30, 2016 as compared to Rs.17.19 crore for the quarter ended June 30, 2015.
Zee Learn soared 11.2% to Rs.33.60 after it revised its share swap ratio for the proposed merger with Tree House at 1:1.Earlier, the companies had agreed to swap 53 shares of Zee Learn for 10 Tree House for the merger plan.
Hero MotoCorp rallied 2% to Rs.3,360 on BSE. The company said in a notice to BSE that Sunil Kant Munjal’s tenure as Joint Managing Director of the Company ends on 16 August 2016. He has also resigned from the Board of Directors of the company with effect from the same date.
Strides Shasun fell 4.7%. The company’s June quarter net profit was at Rs.41.7 crore. It clocked sales of Rs.869 crore for the period in focus, up 43% YoY.
Hathway Cable & Datacom rose 2.3% after it approved the initial public offering (IPO) of its unit GTPL Hathway Private (GTPL).
Piramal Enterprises soared 3.6% after the company announced that it has entered into an agreement to acquire a US-based CDMO.
Suzlon Energy rose 2% to Rs.16.80 after the company issued repeat order from ReNew Power Ventures, India’s leading renewable energy Independent Power Producer. The order comprises 48 units of S97 120m Hybrid Tower and 15 units of S97 90m tubular tower with a rated capacity of 2.1 MW each.
Just Dial Ltd dropped 3.5%. The company posted a net profit of Rs.38.9 crore for the quarter ended June 30, 2016 as compared to Rs.36.1 crore for the quarter ended June 30, 2015.
KNR Constructions jumped 9% to Rs.699. The company reported its net profit jumped 86.6% to Rs.30.21 crore in the quarter ended June 2016 as against Rs.16.19 crore during the previous quarter ended June 2015.
Infosys slipped 1.7% to Rs.1,033. The Royal Bank of Scotland announced last week that it will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business.
InterGlobe Aviation climbed 3.5% to Rs.857.80 after Citi upgraded the stock to “buy” from “neutral”, adding that A320 delivery concerns were unwarranted, as per media report.

USDINR trade today at 66.78 per US dollar.

Out of 1,460 stocks traded on the NSE, 611 declined and 791 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (3.02%), Bharti Airtel (1.69%), ICICI Bank (1.58%), NTPC (1.49%) and Tata Motors (1.13%).

Top 5 Nifty Losers: Coal India (-1.68%), L&T (-0.73%), Asian Paints (-0.63%), Wipro (-0.60) and Hind Unilever (-0.59%)

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The Sensex and Nifty closed lower on Tuesday after WPI inflation hit 23-month high. Inflation for the month of July soared to 3.55% versus 1.62% in June. Inflation based on CPI accelerated to 6.07% in July 2016 from 5.77% in June 2016. The core CPI inflation moved up to 4.52% in July 2016 from 4.39% in June 2016. Nifty closed with a loss of 30 points at 8,643, while BSE Sensex ended with a loss of 88 points at 28,065.

On the global front, Japan’s Nikkei dropped 1.6%. China’s Shanghai Composite and Hong Kong’s Hang Seng ended in red.

Infosys slipped 1.2% to Rs.1,051 on BSE. The Royal Bank of Scotland announced last week that it will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business. Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months.

Cipla jumped 7% to Rs.554. The pharma company posted a net profit after tax, minority interest and share of profit of associates of Rs.3652.40 million for the quarter ended June 30, 2016 as compared to Rs.6492.20 million for the quarter ended June 30, 2015.

INOX Leisure advanced 2.2% to Rs.259 after it announced that the company commenced the commercial operations of a Multiplex Cinema Theatre, taken on Lease basis, located at The Great Mall of Kota with effect from August 13, 2016. The said Multiplex Cinema Theatre has 4 screens and 861 seats

Jain Irrigation climbed 5.6% to Rs.78.10 after the company posted a 303% increase in its net profit in June quarter to Rs.58.5 crore against Rs.14.5 crore a year ago.

Power Grid Corporation of India ended marginally lower by 0.20% to Rs.177 after the company has posted a net profit of Rs.1,802 crore for the quarter ended June 30, 2016 as compared to Rs.1,355.6 crore for the quarter ended June 30, 2015.

Unitech tumbled 16.9% to Rs.5.11. The real estate company on Friday told Supreme Court that it does not have the money to refund home buyers over its two delayed housing projects in Noida and Gurgaon, as per media reports.

Hindalco Industries soared 5.5% to Rs.154.20. The company is planning to invest Rs.250 crore in a new wire-rod plant at Dahej in Gujarat. The new facility with a capacity of 2.50 lakh tonnes will take the company’s total wire-rod production capacity to four lakh tonnes from the current 1.50 lakh tonnes, the plant is likely to start the production by March 2018. The company has posted a net profit of Rs.2940.70 million for the quarter ended June 30, 2016 as compared to Rs.611 million for the quarter ended June 30, 2015.

Marksans Pharma plunged 12.4% to Rs.40.15. The company said its net profit fell 94.2% to Rs.1.87 crore in June quarter against Rs.32.34 crore a year ago. Its net sales fell 11.14% to Rs.186.75 crore.

Kiri Industries rose 4% to Rs.367. The company posted a net profit of Rs.25.23 crore in June quarter against net loss of Rs.8.65 crore a year ago. The company’s net sales rose 60% to Rs.250.24 crore.

Wockhardt fell 3.6% to Rs.781 after the company said its net profit fell 83% to Rs.15.89 crore in June quarter from Rs.91.61 crore a year ago. Total income rose 5.7% to Rs.1,160.30 crore.

Jet Airways India closed marginally lower to Rs.540 after the company reported a 53.47% decline in net profit for the June quarter, hit by higher operating expenses and lower sales. The airline’s net profit dropped to Rs.103.14 crore in the three months ended 30 June from Rs.221.70 crore in the year-ago quarter.

Vakrangee Ltd fell 2.3% to Rs.178.75 after huge block deal. Around 3.01 million shares of the company changed hands in three block deals.

USDINR trading up six paise at 66.82 per US dollar.

Out of 1,490 stocks traded on the NSE, 899 declined and 541 advanced today.

Top 5 Nifty Gainers: Hero Motocorp (2.98%), Coal India (2.32%), Tata Steel (2.32%), Bajaj Auto (2.06%) and Axis Bank (1.71%).

Top 5 Nifty Losers: TCS (-1.35%), Infosys Ltd (-1.07%), Asian Paints (-0.92), GAIL          (-0.77) and L&T (-0.66%)

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The Indian equity market rallied for the second consecutive session. Positive cues from Asian markets aided the upmove on the domestic bourses. Banking, metal, finance, utilities, capital goods, energy and FMCG stocks led from the front, while IT, telecom, oil & gas, pharma and technology index were among the major losers. Nifty closed with a gain of 80 points at 8,672, while BSE Sensex ended with again of 293 points at 28,152.

On the global front, Hong Kong’s Hang Seng and Japan Nikkei 225 closed in green, while Chinese stocks rose after release of a slew of economic data.

Aditya Birla Nuvo tumbled 17.6% to Rs.1290. The company posted 56.8% fall in consolidated net profit to Rs.305.15 crore in the first quarter ended on June 30, 2016 against Rs.706.23 crore in the same quarter last year. Kumar Mangalam Birla, Chairman of Aditya Birla Group announced the merger of Aditya Birla Nuvo (ABNL) with Grasim Industries. The first step involves merging the two companies and the second would be a spin-off of the financial division.

Hindalco Industries soared 3% after the company posted a nearly 5-fold rise in net profit at Rs.294.07 crore for the quarter ended June 30, 2016 against Rs.61.10 crore in the same period last year.

Grasim Industries closed marginally higher on BSE. The company registered a 63.6% rise in consolidated net profit at Rs.830.22 crore for the quarter ended June 30, 2016 against Rs.507.60 crore in the same quarter last year.

Glenmark Pharma advanced 1.3% to Rs.845.80 after the company reported a 53.2% increase in its net profit at Rs.518.81 crore for first quarter ended June 30, 2016 as compared to Rs.338.57 crore for the same quarter in the previous year.

SP Apparels shares listed at a premium of 13.81% on BSE at Rs.305 against the issue price of Rs.268.

Sun Pharma slipped 0.88% to Rs.802 after the pharma company reported its net profit of Rs.2,033 crore in June quarter compared with Rs.566 crore during the same quarter last year.

Oriental Bank of Commerce jumped 3.7% after the bank reported net profit of Rs.100.7 crore in Q1 compared with Rs.257.84 crore during the same period last year. Gross non-performing assets as a percentage of total advances came in at 11.45 per cent from 9.57 per cent during the previous quarter.

Bank of India soared 10.2% to Rs.114 . The bank has posted a net loss of Rs. 7413.60 million for the quarter ended June 30, 2016 as compared to net profit of Rs. 1297.20 million for the quarter ended June 30, 2015.

State Bank of India climbed 7.2% to Rs.243.20 after the bank’s net profit fell 31.72% to Rs.2520.96 crore on 9.38% rise in total income to Rs 48928.60 crore in Q1 June 2016 over Q1 June 2015. The bank’s gross non-performing assets (NPAs) stood at Rs 101541.18 crore as on 30 June 2016 as against Rs 98172.80 crore as on 31 March 2016 and Rs 56420.77 crore as on 30 June 2015.

Yes Bank rallied 3% to Rs 1,291 on BSE on reports that the stock’s weightage on the MSCI Global Standard Indexes was raised to 1.7% from 0.46% earlier.

USDINR trade today down four paise at 66.87 per US dollar.

Out of 1,424 stocks traded on the NSE, 705 declined and 662 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (5.34%), CIPLA (2.02%), Lupin Ltd (0.93%), L&T (0.88%) and ITC Ltd. (0.81%).

Top 5 Nifty Losers: Infosys Ltd (-1.49%), Axis Bank (-1.40%), Tata Motors (-1.21), Sun Pharma (-0.89) and Dr. Reddys Lab (-0.56%)

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.