The Indian equity market rallied for third consecutive session on Monday ahead of RBI policy review on Tuesday. The NSE Nifty index rose to a 15-1/2 month high thanks to positive cues from the Asian and the European markets. The Sensex hit its highest level since 1 August 2016, while Nifty hit its highest level since 16 April 2015. Nifty closed with a gain of 28 points at 8,711, up 132 points, while BSE Sensex ended with a gain of 104 points at 28,183.

Britannia Industries rallied 9.4% to close at Rs.3152 after the company reported rise of 13% in its consolidated net profit at Rs.219.13 crore for the quarter ended June 30, 2016 as compared to Rs.193.66 crore for the same quarter in the previous year.

Wockhardt tumbled 9.8% to Rs.915. The US Food and Drugs Administration issued an import alert on Wockhardt’s Ankleshwar plant for alleged violation of good manufacturing practices.

Tata Coffee jumped 9.7% to Rs.126.55 after the company reported its net profit rose 135.6% to Rs.64.10 crore in the quarter ended June 2016 as against Rs.27.21 crore during the previous quarter ended June 2015.

Amara Raja Batteries jumped 3% to Rs.927 after it posted a rise of 6.82% in its net profit at Rs.130.66 crore for the quarter ended June 30, 2016 as compared to Rs.122.32 crore for the same quarter in the previous year.

HPCL climbed 4.5% to Rs.1314. The Reserve Bank of India has allowed foreign investors to hike their stake in Hindustan Petroleum Corp. to up to 40% under a portfolio investment scheme.

HDFC spurted 1.7% while Max Financial Services Ltd slipped 1.5%. The merger of Max Financial Services Ltd, its unit Max Life Insurance Co. Ltd and HDFC Life Insurance Co. Ltd will be an all-stock deal. Under a two-step process recommended to the boards of the companies, Max Life will first get merged into Max Financial in a 1:1 share swap ratio.

Hindalco Industries Ltd climbed 4% to Rs.49. The company’s arm Novelis reported June quarter net income at $24 million versus loss $60 million year earlier; adjusted EBITDA up 26% to $268 million.

JK Cement gained 2.5% to Rs.766. The cement company reported a net profit of Rs.61 crore in Q1 compared to a net profit of Rs.1 crore in the corresponding quarter of the previous fiscal.

USDINR trade today down four paise at 66.80 per US dollar.

Out of 1,461 stocks traded on the NSE, 625 declined and 785 advanced today.

Top 5 Nifty Gainers: Lupin Ltd. (1.48%), NTPC (1.35%), BHEL (1.32%), ONGC (0.84%) and Coal India (0.83%).

Top 5 Nifty Losers: ITC Ltd. (-1.08%), HDFC (-0.90%), Adani Ports & Sez (-0.79%), Asian Paints (-0.70%) and M&M (-0.53%).

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.

The Indian equity market closed with huge gains on Friday erasing the entire weeks losses. The rally was led by the interest rate sensitive stocks like banking, auto and realty. Metal, industrial, power, and FMCG stocks were among the other major gainers. On the other hand, IT and telecom stocks were among the major losers. Nifty closed at 8683 points, up 132 points, while BSE Sensex ended at 28,078, up 363 points.

On the global front, Asian shares closed on a mixed note. Straits Times was down 0.13% at 2828, while Hang Seng was up by 1.4% at 22,146.09.

Bharat Forge stock closed higher by 13% at Rs.814.The Company posted a net profit of Rs. 1220.60 million for the quarter ended June 30, 2016 as compared to Rs. 1959.70 million for the quarter ended June 30, 2015.

PVR rallied by 10% at Rs.1225.The company inaugurated a 6-screen multiplex marvel at Xperia mall, Palava.

Suzlon Stock was higher by 6% at Rs.17.20.Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman reportedly said.

Kirloskar Oil stock was higher by 5% at Rs.283.The company reported 40.8% YoY growth in the net profit to Rs. 58.70 crore for the quarter ended June 30.

Bharat Forge Ltd stock was higher by 3% at Rs. 746. The company posted a net profit of Rs. 1220.60 million for the quarter ended June 30, 2016 as compared to Rs. 1959.70 million for the quarter ended June 30, 2015. Total Income has decreased from Rs. 12159.70 million for the quarter ended June 30, 2015 to Rs. 9826.70 million for the quarter ended June 30, 2016.

Future Enterprises Ltd stock was down by 2% at Rs.18. The Board of Directors of the Company has approved to issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value upto Rs. 1,250 Crore in one or more tranches within a period of one year, subject to approval by the members.

Thomas Cook India Ltd stock was higher by 3% at Rs.202. The net profit rose 55.78% in June quarter to Rs.62.02 crore.

Deepak Nitrite Ltd stock was up by 2.5% at Rs.104. The net profit rose 230% in June quarter to Rs.67.86 crore.

Moving on to the news from the oil & gas sector. According to an article in a leading financial daily, Oil India Ltd andOil and Natural Gas Corp. (ONGC) Ltd paid a total of Rs 14.5 billion to the Assam government as royalty dues on crude oil mined in the state.

As per the reports, Oil India paid Rs 11.5 billion, while ONGC paid Rs 3 billion to Assam chief minister Sarbananda Sonowal.

This was referring to the ministry’s 2008 order asking oil companies to pay 20% royalty on the discounted price at which they sold crude to state refiners as part of the oil subsidy regime. This impacted the revenues of producing states Assam and Gujarat. States insisted that royalty ought to be computed on the basis of the pre-discount price.

Shortly after the BJP formed the government, the ministry ordered ONGC and Oil India to pay Assam royalty at pre-discounted rates retrospectively from February 2014.

USDINR trade today down at 66.81 per US dollar.

Out of 1,512 stocks traded on the NSE, 347 declined and 1106 advanced today.

Top 5 Nifty Gainers: Cipla (1.48%), Reliance Ind. (1.33%), Bajaj Auto (1.21%), Lupin Ltd (1.16%) and SBI (1.05%).

Top 5 Nifty Losers: NTPC (-1.18%), Bharti Airtel (-0.85%), BHEL (-0.51%), L&T (-0.34%) and Tata Steel (-0.29%).

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.

The Indian equity market snapped four-day losing streak and ended higher on Thursday thanks to late buying momentum seen in the realty, auto, telecom and power stocks. The clearance of the GST bill in the Rajya Sabha failed to boost the indices higher indicating that the big event was already factored in. Nifty closed with a gain of mere 6 points at 8,551, while BSE Sensex ended with a gain of 17 points at 27,714.

On the global front, Japan’s Nikkei closed in green, while Hong Kong’s Hang Seng and China’s Shanghai Composite gained 0.4%.

Tata Motors rallied 4.4% to Rs.500.30 after strong July US JLR sales. Jaguar Land Rover sold 9,473 vehicles in July, with a growth of 51.5% compared with 6,253 vehicles in same period last year driven by Jaguar’s recent launches XE, F-Type.

Punj Lloyd jumped 4% to Rs.20.50 after the company informed BSE that Pt Engineering Ltd, subsidiary of the Company has sold its entire shareholding in its wholly owned subsidiary registered in United Kingdom viz Simon Carves Engineering Limited to Engineers and Constructors International, Inc.

Cadila Healthcare soared 6% to Rs.368. The company posted a net profit after taxes, minority interest and share of profit of associates and joint ventures of Rs. 3562 million for the quarter ended June 30, 2016 as compared to Rs. 4602 million for the quarter ended June 30, 2015.

Bata India fell 4.4% to Rs.529 on BSE after net profit drop 44% to Rs.50.49 crore on 1.01% decline in total income to Rs.685.69 crore in Q1 June 2016 over Q1 June 2015.

Hawkins Cookers jumped 6.3% after the company reported 94.86% rise in net profit at Rs.9.86 crore for the quarter ended June 30, 2016 against Rs.5.06 crore in the corresponding quarter a year ago.

Ramco Systems shares slid over 16% after the company reported 69.51% fall in net profit at Rs.0.90 crore for the quarter ended June 30, 2016 against Rs.2.95 crore in the corresponding quarter a year ago.

Prakash Industries gained 2.8% after the company secured a Coal Linkage of 53,500 MT per annum for the next 5 years at the base price from South Eastern Coalfields (SECL) in Chhattisgarh. This Linkage is expected to provide long term stability and cost savings in the Company’s Captive Power Plant.

Arvind climbed 3.6% after it reported 11.32% rise in its net profit at Rs.87.45 crore for the quarter ended June 30, 2016 as compared to Rs.78.56 crore for the same quarter in the previous year. The company’s total income increased by 12.13% to Rs.1,489.47 crore for the quarter under review from Rs.1,328.29 crore for the corresponding quarter of the previous year.

Natco Pharma advanced 3.8% to Rs.629 after the company said in a notice to BSE that it received final approval for Generic Tamiflu.

Pricol rose 12.8% to Rs.120 after the company said it reported a net profit of Rs.22.18 crore in June quarter as compared to Rs.1.64 crore a year ago.

Tribhovandas Bhimji Zaveri Ltd 3% to Rs.68 after the company posted 8.8% decline in standalone net profit at Rs.2.47 crore in June quarter as compared to Rs.2.74 crore a year ago.

A total of 32 stocks registered a fresh 52-week high in trades today, whereas 21 stocks touched a new 52-week low on the NSE.

Some of the prominent stocks to log a fresh 52-week high during intra-day are Adhunik Industries Limited, Agri-Tech (India) Limited, Asian Paints Limited, Banco Products (I) Limited, Bannari Amman Spinning Mills Limited, Bedmutha Industries Limited, Birla Cotsyn (India) Limited, Blue Star Limited, Dhampur Sugar Mills Limited, Edelweiss Financial Services Limited, Energy Development Company Limited, Euro Ceramics Limited Garware Wall Ropes Limited, GOCL Corporation Limited, Goldstone Technologies Limited, Gulf Oil Lubricants India Limited, Havells India Limited, Indraprastha Gas Limited.

Indian Bank, Infibeam Incorporation Limited, Jai Balaji Industries Limited, Mahamaya Steel Industries Limited, Manaksia Industries Limited, Natco Pharma Limited, Quess Corp Limited, Shalimar Paints Limited, Shriram Pistons & Rings Limited Sundaram Clayton Limited Tube Investments of India Limited, Viji Finance Limited, Welspun Investments and Commercials Limited, Yes Bank.

Birla Cotsyn (India) Limited, BS LIMITED, Global Offshore Services Limited, J.Kumar Infraprojects Limited,Kalyani Investment Company Limited,KSS Limited,KSK Energy Ventures Limited, Max India Limited, United Spirits Limited, Mindteck (India) Limited, Mold-Tek Technologies Limited.

USDINR trade today down three paise at 66.96 per US dollar.

Out of 1,330 stocks traded on the NSE, 605 declined and 687 advanced today.

Top 5 Nifty Gainers: BHEL (3.14%), ICICI Bank (2.43%), Axis Bank(2.24%), SBI (2.15%) and Tata Steel (1.80%).

Top 5 Nifty Losers: Infosys Ltd. (-0.30%) and Sun Pharma (-0.29%).

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.