Stock markets in India continued to trade on a positive note in the afternoon session amid firm European markets.

Reliance Industries, which posted biggest single day gain since May 18 (2009), propelled equity benchmarks to fresh five-month highs Wednesday ahead of expiry of February derivative contracts on Thursday. However, the correction in technology and HDFC Group stocks limited gains.

NSE Nifty closed at 8926.90 levels, up by 19.05 points or 0.21%, while BSE Sensex closed at 28864.71 levels, up by 103.12 points or 0.36%.

Asian stock markets finished mixed as of their recent closing prices. The Hang Seng gained 0.99% while the Shanghai Composite was higher by 0.24%. The Nikkei 225 was even. European markets are higher today with shares in France leading the region. The CAC 40 is up 0.38% while Germany’s DAX is up 0.30% and London’s FTSE 100 is up 0.13%.

Reliance Industries Limited (RIL) was the top Nifty gainer; whereas NTPC Limited was the top Nifty loser in Wednesday’s trading session. RIL closed at Rs 1209.80 per share, up by Rs 121.60 per share or 11.17%. NTPC closed at Rs 166.30 per share, down by Rs 6.20 per share or 3.59%.

Broader markets underperformed on Wednesday. BSE Mid-cap index closed at 13506.93 levels, down by 78.40 points or 0.58%, snapping a four-day gaining streak. BSE Small-cap index closed at 13573.03 levels, down by 78.88 points or 0.58%.

Reliance Industries Limited was the star performer of the day. The stock reacted to the major announcements made by Mukesh Ambani on Tuesday where he announced that almost 7 customers have been added every second in past 170 days since Reliance Jio has been launched. Almost 100 million customers have been added in less than 170 days for Reliance Jio.

Reliance Industries Limited traded on 9-year high of Rs 1211.65 per share, up by Rs 123.45 per share or 11.34% on an intraday basis. The stock has hit Rs 1200 per share for the first time since May 19, 2009. The stock was the top open interest gainer of the day with increase in its open interest by 65.40%.

The stock has added almost Rs 39429 crore to its market capitalisation in Wednesday’s trade alone. The stock witnessed futures turnover of Rs 9002 cr in Wednesday’s trading session.

Reliance Jio Infocomm Ltd., aims at nearly Rs 1 lac cr revenue with almost 40 cr subscribers for FY18.

Axis Bank touched high of Rs 528.05 per share, up by Rs 23.7 per share or 4.69%. The stock rallied owing to rumours in the market that other private banks are planning to buy government’s stake in the Bank.

Arcotech Limited closed at Rs 730.05 per share, up by Rs 100.85 per share or 16.03%.

Stocks of HOV Services on Wednesday surged almost 15%, following the news of HOV Services combining US-based, SourceHOV & Novitex with Quinpario.

Cosmo Ferrites, today announced that the company has successfully commenced the production of LED lamps and lighting effects. Soon after the announcement by the company the stock rallied over 13% in closing hours.

CMI to issue upto 3% equity at Rs 300 per share to promoters. CMI closed at Rs 193.10 per share, up by Rs 12.95 per share or 7.19%.

There were 551 advances, 1091 declines and 271 unchanged stocks on NSE, reflecting the strong negative undertone in the market.

The rupee was trading at 66.96 per US dollar.

Top 5 Nifty Gainers: Reliance Industries Ltd. (11.17%), Idea (5.17%), Axis Bank (3.94%), Asian Paints (2.87%), and Coal India (2.63%).

Top 5 Nifty Losers: NTPC (-3.59%), Ambuja Cement (-2.39%), Power Grid (-2.35%), TCS (-2.25%) and Infosys Ltd. (-2.23%)

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Equity benchmarks retained its uptrend for the second consecutive session Tuesday(21st Feb. 2017), especially led by banks post Axis Bank merger talks and Reliance Industries after Reliance Jio tariff plans.

NSE Nifty closed at 8907.85 levels, up by 28.65 points or 0.32%, while BSE Sensex closed at 28761.59 levels, up by 100.01 points or 0.35%.

Nifty has managed to clock 1000 points gains since December 26, 2016. Nifty managed to close at 8900 levels in today’s trade for the first time since September 8, 2016.

Axis Bank was the top Nifty gainer; whereas Bharti Infratel was the top Nifty loser on Tuesday. Axis Bank closed at Rs 506.75 per share, up by 5.34%. Bharti Infratel closed at Rs 295.60 per share, down by 4.26%.

Broader markets outperformed the major indices in Tuesday’s(21st Feb. 2017) trading session. BSE Mid-cap index closed at 13585.33 levels, up by 70.84 points or 0.52%; while BSE Small-cap index closed at 13651.91 levels, up by 62.28 points or 0.46%.

BSE Mid-cap index touched record high of 13601.42 levels, up by 86.93 points or 0.64%. Jindal Steel & Power Limited was the top gainer in the Mid-cap index, and closed at Rs 109.50 per share, up by Rs 9.30 per share or 9.28%.

Nifty Bank Index closed at record high of 20860.95 levels, up by 183 points or 0.89%.

Bank of Maharashtra from the bunch of small-cap index stocks surged in the closing hours on Tuesday, to close at Rs 37.25 per share, up by Rs 4.70 per share or 14.44%.

Telecom companies traded under pressure after Reliance Industries’ chairman, Mukesh Ambani said that Reliance Jio has crossed the 100 million customers mark in just 170 days. Reliance Jio’s voice plans will remain free of cost even after March 31, 2017. But from April 1, 2017 data consumption will be charged.

Raymond Limited closed at Rs 570.35 per share, up by Rs 67.45 per share or 13.41%.

Man Industries (India) Ltd., closed at Rs 51.35 per share, up by Rs 5.65 per share or 12.36%.

Ujaas Energy Limited closed at Rs 36.55 per share, down by Rs 4.95 per share or 11.93%.

Bharti Airtel closed at Rs 360.55 per share, down by Rs 15.10 per share or 4.02%.

There were 908 advances, 699 declines and 305 unchanged stocks on NSE, reflecting a strong positive bias floating in the market. 71 stocks touched their fresh 52-week highs; whereas 12 stocks touched their fresh 52-week lows on NSE in Tuesday’s trading session.

Top 5 Nifty Gainers: Axis Bank (5.34%), Aurobindo Pharma Ltd. (2.24%), Tech Mahindra Ltd. (1.67%), Asian Paints (1.58%), and HDFC (1.41%).

Top 5 Nifty Losers: Bharti Infratel Ltd. (-4.26%), Bharti Airtel Ltd. (-3.86%), Tata Power Company Ltd. (-1.64%), TCS (-1.63%) and ITC (-1.18%)

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The market started off the expiry week on a strong note, with the Nifty rising over five-month closing high on Monday aided largely by TCS, Infosys and HDFC Bank. GST Council’s approval to law for compensation to states and positive global cues also supported the market that gained strength in afternoon trade after consolidation in morning.

NSE Nifty ended up by 58 points, while BSE Sensex at 28661.58 up by 193 points.

Asian stock markets finished broadly higher today with shares in China leading the region. The Shanghai Composite is up 1.18% while Hong Kong’s Hang Seng is up 0.47% and Japan’s Nikkei 225 is up 0.09%. European markets too are higher today with shares in Germany leading the region. The DAX is up 0.65% while France’s CAC 40 is up 0.37% and London’s FTSE 100 is up 0.02%.

HDFC Bank and TCS put together are contributed over 50% to the Sensex gains. HDFC Bank closed in green up 2.18% and was the Sensex stock last week, due to the news that the restrictions placed on the foreign shareholding by RBI has been revised. TCS on the other hand, attracted volume as the company announced the buy-back of its equity shares.

In the 30-shares Sensex, 23 stocks are advanced while, 7 stocks are declined.

Stock view:

Tata Consultancy Services Ltd ended at Rs 2506.5, up by Rs 98.35 or 4.08% from its previous closing of Rs 2408.15 on the BSE.

The scrip opened at Rs 2419 and touched a high and low of Rs 2555 and Rs 2412 respectively. A total of 2184938(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 474508.6 crore.

The BSE group ‘A’ stock of face value Rs 1 touched a 52 week high of Rs 2740 on 16-Aug-2016 and a 52 week low of Rs 2054.7 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 2477.5 and Rs 2378.35 respectively.

The promoters holding in the company stood at 73.33 % while Institutions and Non-Institutions held 22.24 % and 4.44 % respectively.

The rupee was trading at 66.92 per US dollar.

Top 5 Nifty Gainers: TCS (4.03%), Tata Steel (3.89%), Infosys Ltd. (2.99%), GAIL (2.90%), and BPCL (2.80%).

Top 5 Nifty Losers: Axis Bank (-1.88%),. Bosch Ltd. (-0.95%), Tech Mahindra Ltd. (-0.78%), Yes Bank (-0.76%) and Dr. Reddy’s Lab Ltd. (-0.75%)

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: +91-9891224488.