After falling for past two trading sessions, the Indian stock market see-sawed between negative and positive zone throughout the day and ended higher snapping its losing streak thanks to renewed buying momentum in the FMCG, oil & gas and IT stocks. Nifty closed with a gain of 17 points at 8,592, while BSE Sensex ended with a gain of 85 points at 27,860.

On the global front, Japanese financial markets are closed today for a national holiday. Hong Kong’s Hang Seng closed in green, while China’s Shanghai Composite ended in red.

Bank of Baroda tumbled 8.9% to Rs.146. The bank said its net profit for the June quarter fell 59.74% from a year ago due to higher provisions and lower net interest income. Net profit for the quarter stood at Rs.423.62 crore as compared to Rs.1,052.15 crore a year ago.

Dilip Buildcon made its debut on the bourses at 10% premium to its offer price of Rs.219 closed higher by 15% at Rs.251.85 on BSE.

Tata Communications closed marginally lower 0.11% to Rs.481. The Lok Sabha passed the Taxation Laws (Amendment) Bill. The Bill, when enacted, will put to rest the Tata Communications- Videsh Sanchar Nigam Limited (VSNL) surplus land issue and boost the government’s plans for non-core asset sales in large public sector undertakings (PSUs) that have land banks.

Punj Lloyd Ltd rose 2% to Rs.20.10. The company posted net Loss for the period of Rs. 2113.90 million for the quarter ended June 30, 2016 as compared to Rs.5818.40 million for the quarter ended June 30, 2015.

VST Industries soared 4.6% to Rs.2,061. The company reported 34.6% increased in its net profit in June quarter to Rs.41.61 crore as against Rs.30.92 crore a year ago.

Sun Pharmaceutical fell 1% to Rs.808. Taro Pharmaceutical Industries’ (Taro Pharma) net profit rose 6.08% to $109.9 million on 8.6% increase in net sales to $233.8 million in Q1 June 2016 over Q1 June 2015.

Lincoln Pharma jumped 7% to Rs.223.55. The company reported a net profit of Rs.10.93 crore in June quarter, up 67.18% from Rs.6.54 crore a year ago.

USDINR trade today down 13 paise at 66.85 per US dollar.

Out of 1,516 stocks traded on the NSE, 897 declined and 567 advanced today.

Top 5 Nifty Gainers: Axis Bank (2.71%), Tata Motors (2.70%), Tata Steel (2.18%), Reliance Ind. (2.09%) and Hero Motocorp (1.67%).

Top 5 Nifty Losers: Infosys Ltd (-0.54%), Dr. Reddys Lab (-0.28%) and Bharti Airtel (-0.22%)

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After opening on flat note, the Indian stock market closed lower for the second consecutive session. However, the benchmarks fell sharply at the fag end of the day as selling pressure accentuated. The decline was led by oil & gas, energy, auto, pharma, power and banking stocks. Even the midcap and smallcap stocks were not spared. Sentiment was also dampened tracking weakness in the European markets. Nifty closed with a loss of 103 points at 8,575, while BSE Sensex ended with a loss of 310 points at 27,775.

On the global front, Japan’s Nikkei and China’s Shanghai Composite closed marginally down, while Hong Kong’s Hang Seng ended in the green.

Mahindra & Mahindra slipped over 2% despite the company reporting 12% rise in standalone net profit at Rs.955.21 crore for the quarter ended June 30, 2016 against Rs.850.09 crore for the same quarter last year.

Birla Group’s units Aditya Birla Nuvo and Grasim Industries fell 4% and 6% respectively, on reports that the parent group plans to merge the two companies.

Motherson Sumi Systems dropped 6.4% to Rs.329. The company has posted a net profit of Rs.439.36 crore for the quarter ended June 30, 2016 as compared to Rs. 379.38 crore for the quarter ended June 30, 2015.

Jubilant Life Sciences surged 7% to Rs.367 after it reported 25.85% rise in consolidated net profit at Rs.164.02 crore for the quarter ended June 30, 2016 against Rs.130.33 crore in the same quarter last year.

Tata Chemicals climbed 8.8% to Rs.504 after Yara International ASA entered into an agreement to acquire the Tata Chemicals Babrala urea plant and distribution business in Uttar Pradesh for $400 million on a debt and cash free basis, including normalised net working capital.

Lupin dropped 3.8% to Rs.1545. The company posted a net profit after taxes & minority interest of Rs.8819.5 crore for the quarter ended June 30, 2016 as compared to Rs.5685.5 crore for the quarter ended June 30, 2015.

Aptech Limited slipped 0.54% to Rs.92.35 after Rakesh Jhunjhunwala on Tuesday bought 700,000 shares of the company.

Nitesh Estates Ltd jumped 5.6% to Rs.13.40. The company said in a notice to BSE that it has decided to sell off the land and has finalized the same with a third party for a total consideration of Rs.26.50 crore. The proceeds of the sale will be utilized to reduce the debts of the Company.

RSWM Ltd fell 6.6% to Rs.450. The company reported 22.7% increase in its net profit to Rs.35.68 crore in June quarter as compared to Rs.29.08 crore a year ago. Net sales rose 4.17% to Rs.726.12 crore.

UCO Bank tumbled 3.8% to Rs.41.10. The bank declared a net loss of Rs.440.56 crore in the June quarter, against a net profit of Rs.256.7 crore a year ago. Its gross NPA ratio touched a record 17.19% from 15.43% at end-March and 7.30% in the year-ago period.

Indian Overseas Bank cracked 3.5% to Rs.26.35. The bank reported a Rs.1450.50 crore loss for the quarter ended June 30, 2016 after a fifth of its advances turned bad. The bank reported a net profit of Rs.14.76 crore a year ago. Gross non-performing assets as a ratio of gross advances were 20.48% at the end of June, higher than the 17.4% reported three months earlier.

Sundram Fasteners Ltd rose 6.5% to Rs.227. The company posted 96.18% increase in its net profit in the June quarter and stood at Rs.75.55 crore compared to Rs.38.51 crore a year ago. Net sales rose 13% to Rs.701.88 crore.

JK Tyre & Industries Ltd slipped 2.7% to Rs.102. The company reported a 14.36% decline in its net profit to Rs.100.26 crore against Rs.117.07 crore a year ago.

Adani Ports and Special Economic Zone climbed 7.8% to Rs.258.55. The company posted a net profit of Rs.8357.10 million for the quarter ended June 30, 2016 as compared to Rs.6389.30 million for the quarter ended June 30, 2015.

USDINR trade today up 12 paise at 66.71 per US dollar.

Out of 1,499 stocks traded on the NSE, 1,116 declined and 335 advanced today.

Top 5 Nifty Gainers: Lupin Ltd. (1.72%), Reliance Ind. (1.45%), ICICI Bank (1.40%), Axis Bank (1.16%) and ITC Ltd. (1.14%).

Top 5 Nifty Losers: M&M (-1.96%), Sun Pharma (-1.92%), SBI (-1.23%), Bharti Airtel (-0.81%) and L&T (-0.75%).

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The Sensex and Nifty closed lower on Tuesday, pausing after a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged and retained FY17 GDP growth forecast at 7.6%. Today’s decline was led by the telecom, oil & gas, metal, pharma, FMCG and capital goods stocks, while consumer durables stocks is among the gainer. Nifty closed with a loss of 33 points at 8,678, while BSE Sensex ended with a loss of 97 points at 28,085.

On the global front, Japan’s Nikkei and China’s Shanghai Composite closed in green, while Hong Kong’s Hang Seng ended in red.

On the economy front, the GST constitutional amendment bill was passed by the Lok Sabha. Prime Minister Narendra Modi in Lok Sabha said that with GST, the government intends to bring uniformity in taxation.

Lupin dipped 5% to Rs.1,607 on Tuesday despite the pharma major reported 55% rise in consolidated net profit at Rs.882 crore for the quarter ended June 30, 2016 against Rs.568.60 crore in the corresponding quarter a year ago.

Polaris Consulting & Services Ltd rose 3.3% to Rs.197. The company reported a net profit of Rs 39.72 crore in June quarter, up 8.21% from Rs.36.71 crore a year ago.

Idea Cellular Ltd dropped 6% to Rs.97.15 on BSE. The company posted a net profit after tax of Rs.2204 million for the quarter ended June 30, 2016 as compared to Rs.8548 million for the quarter ended June 30, 2015.

Wheel India Ltd jumped 8.6% to Rs.1,324. The company said its net profit rose 88% to Rs.14.62 crore in June quarter as against Rs.7.77 crore a year ago.

Godrej Properties Ltd gained 1.7% to Rs.378.25. The company reported a net profit of Rs.43.48 crore, up 9.2% from Rs.39.82 crore a year ago.

Sundram Fasteners Ltd climbed 11% to Rs.213.55. The company reported 96% increase in its net profit to Rs.75.55 crore in June quarter as compared to Rs.38.51 crore a year ago.

Provogue India Ltd soared 7.6% to Rs.4.79. The company said in a notice to BSE that its board approved share allotment to its lenders upon statutory debt restructuring. The company allotted 11.90 crore shares to its seven lenders at Rs.7.66 a share under SDR.

REC jumped 2.2% to Rs.228. The board of Rural Electrification will meet on Thursday to consider issuing bonus shares to its shareholders, the company said in an exchange filing.

USDINR trade today down five paise at 66.89 per US dollar.

Out of 1,490 stocks traded on the NSE, 902 declined and 533 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (5.18%), NTPC (1.06%), Bharti Airtel (1.06%), Bajaj Auto (0.83%) and TCS (0.71%).

Top 5 Nifty Losers: Lupin Ltd. (-1.65%), Reliance Ind. (-0.95%), Dr. Reddys Lab (-0.92%), ITC Ltd. (-0.76%) and GAIL (-0.70%).

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.