The Indian equity market closed lower on Wednesday ahead of U.S. Federal Reserve meet to decide on interest rate. Indices surged in mid-afternoon trades tracking a sharp bounce in the Nikkei index in japan after Bank Of Japan kept its interest rates unchanged. The BOJ said it planned to continue making bonds purchases of current 80-trillion annual pace of expansion of its holdings. However markets were unable to hold on to their gains as selling pressure in the power, banking, capital goods and FMCG stocks dragged indices lower. On the other hand, telecom, metals and consumer durables stocks ended with gains. Nifty closed almost unchanged at 8,777, while BSE Sensex ended with a loss of 16 points at 28,507.

On the global front, Japan’s Nikkei gained 1.9%. China’s Shanghai Composite and Hong Kong’s Hang Seng closed higher.

In Europe, the FTSE 100 was marginally up 0.37%. The CAC 40 and DAX gained 1% each.

Welspun Corp rallied 3% after the company announced that manufacturing unit at Anjar, Gujarat has been awarded with the following awards in the 27th Annual Convention on Quality Concepts organized by the Quality Circle Forum of India, Secunderabad (Vadodara Chapter).

Shriram EPC climbed 8.4% to Rs.25.15 on BSE. The company announced that it has been awarded contract of over Rs.74 crore. The company received an order from Chennai Metropolitan Water Supply and Sewage Board for providing comprehensive water supply scheme in Chennai city.

Prestige Estates Projects gained 1.3%. The company is planning to raise at least $300 million, around Rs.2,000 crore, by selling up to 40% stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore, as per media reports.

Monsanto India gained 2%. German chemicals conglomerate Bayer made an open offer to buy 26% in Monsanto India as part of a global deal. Bayer is acquiring the U.S. based seed major Monsanto for $66 billion, as per media report.

Trent Ltd slipped 1.3%. Trent Ltd has informed BSE that the Company has redeemed 3,000 rated listed unsecured redeemable non – convertible debentures (“NCDs”) of face value Rs.10 lakhs each at par on due date i.e. September 20, 2016. Total redemption amount was Rs.300 crore.

NBCC advanced 0.50% to Rs.253.40 on the BSE. NBCC (India) said that it has secured work orders amounting to about Rs.440 crore.

Vardhman Textiles climbed 4.8%. Vardhman Textiles will consider proposal to buy-back the fully paid-up equity shares of the company, as per media reports.

TeamLease Services zoomed 2%. The company signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Adani Ports closed marginally lower on BSE. Abbot Point Operations Pty Ltd (APO), the Australian subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB).

The rupee was trading down one paise at 67.01 per US dollar.

Out of 1,483 stocks traded on the NSE, 710 declined and 718 advanced today.

Top 5 Nifty Gainers: Hero Motocorp (2.74%), Adani Portz and Sez (2.39%), SBI (2.25%), ICICI Bank (2.08%) and Reliance Ind. (1.99%)

Top 5 Nifty Losers: TCS (-0.57%), Hind. Unilever (-0.41%), Infosys Ltd. (-0.33%), Wipro (-0.32%) and Lupin Ltd (-0.25%)

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The Indian equity market snapped a four-day winning streak on Tuesday led by profit booking, coupled with negative global cues and caution ahead of major global financial events. Today’s major decline was led by the realty, power, capital goods, FMCG, auto, IT and telecom stocks, while metal and oil & gas among the gainer. Among the Nifty stocks, Yes Bank, Bharti Infratel, ONGC, Eicher Motors, Hindalco, Tata Steel and Cipla were the gainers whereas Hero MotoCorp, Adani Ports, Bajaj Auto, IndusInd Bank, ACC and Tata Power were among the losers today. Nifty closed with a loss of 33 points at 8,776, while BSE Sensex ended with a loss of 111 points at 28,523.

On the global front, Asian stocks edged lower on Tuesday. Japan’s Nikkei closed marginally down. China’s Shanghai Composite and Hong Kong’s Hang Seng ended marginally lower.

European stocks retreated, after rising the most in two weeks as investors awaited the Federal Reserve’s Wednesday meeting. The FTSE 100 was marginally up 0.52%. The CAC 40 and DAX gained 0.3% each.

Castrol India rallied 8.8% after its promoter British Petroleum sold 8.5% stake in Castrol India. Post sale, British energy giant now holds 51% in its Indian lubricants subsidiary.

Jubilant Food Works tumbled 6%. The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

Cadila Health care advanced 1.5%. Zydus Cadila and Takeda Pharmaceutical Company announced a partnership to tackle chikungunya, an emerging infectious disease.

IFCI zoomed 4%. The company will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.

GTL Infrastructure jumped 14.8% to Rs.2.86 on the BSE. The company informed BSE that the company is a part of the Global Group (being Global Holding Corporation Pvt. Ltd, GTL Limited, the Company and Chennai Network Infrastructure Limited (CNIL) and together with its affiliate company, CNIL, owns and operates an independent telecom tower network, with over 27,000 towers and over 45,000 tenancies pan India. The company has invested Rs.1,800 crores in CNIL.

Hotel Leela Venture zoomed 1.4%. The company gets shareholder approval for sale/transfer of The Leela Palace, Chennai and/or The Leela Palace, New Delhi.

K P R Mill Ltd gained 1%. The Board of Directors meeting of the Company is scheduled to be held on October 5, 2016, inter alia, to consider the subdivision of Equity Shares of the Company of face value of Rs. 10 each. The company to amendment to Capital Clause of Memorandum of Association for the above.

Mangalam Cement Ltd rose 2.3% after the company has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Tons Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.

Den Network soared 3.2% to Rs.81. The company said that its board has approved the allotment of 1.58 crore shares on preferential basis to affiliates of the Goldman Sachs Group that form part of the persons belonging to the non-promoter category.

Bharat Rasayan climbed 20% to Rs.1,782 after the company said it reported a net profit of Rs.14.52 crore in June quarter, up 76.45% from Rs.8.23 crore a year ago. Net sales rose 46% to Rs.166.25 crore.

Mindteck hit 20% to Rs.94.10 after the compamy announced that it has implemented a smart parking pilot project at Connaught Place, C Block, New Delhi, for New Delhi Municipal Corporation (NDMC).

The rupee was trading down seven paise at 67.03 per US dollar.

Out of 1,501 stocks traded on the NSE, 900 declined and 526 advanced today.

Top 5 Nifty Gainers: Bajaj Auto (2.37%), Tata Steel (1.29%), Adani Portz and Sez (1.13%), Axis Bank (0.94%) and Hero Motocorp (0.86%)

Top 5 Nifty Losers: ICICI Bank (-0.44%), Dr Reddys Lab (-0.41%), CIPLA (-0.40%), TCS (-0.25%) and ITC Ltd (-0.21%)

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The Indian equity market rallied for the fourth straight session. Positive cues from Asian markets aided the upmove on the domestic bourses. Today’s rally was led by realty, metal, oil & gas, utilities, basic materials, industrial, power, IT, banking and pharma stocks, while, FMCG index was the only losing index on the BSE. Among the 50-stocks of Nifty, IndusInd Bank, Aurobindo Pharma, TCS, Tata Power, Ambuja Cement, ONGC, Adani Ports and ICICI Bank were among the gainers on NSE, whereas Maruti Suzuki, Bajaj Auto, Axis Bank, Hero MotoCorp, HDFC Bank and Kotak Mahindra Bank were among the losers today. Nifty closed with a gain of 29 points at 8,808, while BSE Sensex ended with a gain of 36 points at 28,635.

On the global front, Japanese market is closed on Monday for a public holiday. Shanghai Composite and Hang Seng went up over 0.70%.

European shares were trading higher. The FTSE 100 and the CAC 40 were trading higher by 1% each and DAX index gained 0.73%.

GVK Power & Infrastructure rallied 6.7% after Mumbai International Airport Private Limited (MIAL), a subsidiary of GVK Power Infrastructure & Ltd Company entered into a Slum Rehabilitation Agreement with Housing Development & Infrastructure Limited for implementation of the slum rehabilitation project at Chhatrapati Shivaji International Airport in a time bound manner for the consideration and on the terms and conditions contained therein.

United Breweries (Holdings) hit 20% upper circuit on the BSE. Vijay Mallya remains in “full control” even after relocating to the UK, his UB Group’s holding firm United Breweries Holdings Ltd (UBHL) has said while disclosing remuneration totaling Rs.1.6 crore, as per media reports.

Cox and Kings zoomed 2% to Rs.233.65 on the BSE. According to TV reports, 15.7 lakh shares have changed hands in a single block deal.

NHC Foods slipped 2.7% to Rs.18.10 on the BSE. The company announced that Malaysia based MAP Enterprises picked up a stake. MAP Enterprises has been the NHC’s overseas partner for the last two decades.

Vipul climbed 15.3% to Rs.86.25. The company received Environmental Clearance from State Environment Impact Assessment Authority, Haryana for its project ‘Aarohan’ on Golf Course Road in Gurgaon. By June 2016, the company had already sold more than 26 per cent of flats in Phase 1 of the project. Further, the company had raised debt from DMI Finance (DMI) to the tune of Rs.175 crore.

Motherson Sumi Systems gained 0.57%. The company raised Rs 1,993.44 crore through issuance of 62,884,827 shares to qualified institutional buyers (QIBs). The company’s qualified institutional placement (QIP) issue opened on September 8 and closed on September 13 for receiving applications from investors. For the QIP, 62,884,827 shares were issued to qualified institutional buyers at an issue price of Rs.317 after giving a discount of 2.79 per cent.

Axis Bank slipped 1.1% to Rs.594. Axis Bank signed a Share Purchase Agreement with IFCI for acquistion of 73,28,334 equity shares (13.67% of total outstanding shares) of face value of Rs.10 per share in Assets Care and Resconstruction Enterprise Ltd (ACRE) from IFCI at Rs.31 per share, resulting in a total cash consideration of Rs.22.72 crore. The above transaction is subject to requisite regulatory approvals, including from RBI.

Karur Vysya Bank gained 1.8%. The Board of Directors of private sector Karur Vysya Bank will meet on Monday to consider a stock split. The board will consider the feasibility of sub-division of equity shares.

Sharp India hit 20% upper circuit on the BSE. The Board of Directors meeting will be held on September 28, to constitute the Committee of Independent Directors of the Company to provide the reasoned recommendations on the mandatory open offer made by Sharp Corporation, Japan and the persons acting in concert with them to the public shareholders for acquisition of their shares.

Gujarat Alkalies & Chemicals inched up 1% to Rs.328 on the BSE. The company signed an agreement with Chematur Engineering AB, Sweden and with IBI Chematur for procuring detailed engineering and project management services for the establishment of 14000 MTPA Hydrogen Peroxide Plant at Dahej.

South Indian Bank closed down 0.42%. RBI has restricted overseas investors to make further investment in South Indian Bank as the prescribed foreign shareholding limit has reached the trigger limit.

Heritage Foods rallied 10.2% with Future Group is in advanced talks to acquire the retail business of Heritage Foods, a deal that will give Kishore Biyani sway over a network of more than 100 grocery outlets in Hyderabad, Chennai and Bengaluru, as per media reports.

The rupee was trading up by two paise at 66.96 per US dollar.

Out of 1,535 stocks traded on the NSE, 670 declined and 781 advanced today.

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.