Equity benchmarks saw consolidation for third consecutive session Thursday as investors, after pricing in Union Budget and RBI’s neutral policy stance, shifted their focus back to Q3 earnings and global cues. Factory data for the month of December, due Friday evening, will also be closely watched.

NSE Nifty closed at 8778.4 levels, up by 9.35 points, while BSE Sensex closed at 28329.7 levels, up by 39.78 points.

Broader markets have shown some positive bias till afternoon hours but slipped thereafter. However, they recovered in the closing hours. BSE Mid-cap index closed at 13506.61 levels, up by 31.63 points or 0.23%. BSE Small-cap index closed at 13582.89 levels, up by 25.29 points or 0.19%.

Nifty Media index was the star performer of the day. The index touched the high of 3035.40 levels, up by 2.26%. The index closed at 3022.90 levels, up by 1.84%.

Sun TV was the top gainer in the Nifty Media index. The stock closed at Rs 736.5 per share, up by

Rs 31.55 per share or 4.48%. DEN Networks Limited was on the second position, closing at Rs 87.50 per share, up by Rs 3.10 per share or 3.67%.

Bank stocks were seen to be under pressure. 10 stocks from Nifty PSU Bank stocks declined out of a total of 11 stocks. Union Bank closed at Rs 152.95 per share, down by Rs 13.60 per share or 8.17%.

Aptech Ltd., closed at Rs 235.95 per share, up by Rs 39.30 per share or 19.98%.

RPP Infra Projects Ltd., closed at Rs 351.60 per share, up by Rs 58.60 per share or 20%.

Venky’s (India) Ltd., closed at Rs 720.10 per share, up by Rs 120 per share or 20%.

Sun TV closed at Rs 736.50 per share, up by Rs 31.55 per share or 4.48%.

Coffee Day closed at Rs 224 per share, up by Rs 21.25 per share or 10.48%.

JustDial closed at Rs 427.90 per share, up by Rs 23.90 per share or 5.92%.

There were 793 advances, 845 declines and 273 unchanged stocks on NSE, reflecting mixed feelings floating in the market.

The rupee was trading at 66.84 per US dollar.

Top 5 Nifty Gainers: Bharti Infratel Ltd. (2.56%), Zee Entertainment Enterprises Ltd. (2.34%), Tech Mahindra Ltd. (2.20%), TCS (2.03%), and Aurobindo Pharma Limited (1.49%).

Top 5 Nifty Losers: Hindalco Industries Limited (-2.65%), Cipla (-2.35%), Tata Steel (-2.20%), NTPC (-1.66%) and Bank of Baroda (-1.39%)

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Today’s the day. All eyes in the Indian stock markets are trained on the Reserve Bank of India’s (RBI) bi-monthly monetary policy review.

NSE Nifty closed in red at 8768.30 levels, down by 32.75 points or 0.37%, while BSE Sensex closed at 28335.16 levels, down by 104.12 points or 0.37%.

Heavy electrical equipment manufacturer, Bharat Heavy Electricals Ltd., has surged to Rs 154.9 per share, up by Rs 10.9 per share or 7.56% after announcement of its standalone financial results for the quarter ended on December 31, 2016. The stock witnessed an upward movement in closing hours of Tuesday’s trading session. BHEL secured the top position in the bunch of Nifty 50 stocks.

Larsen & Toubro Ltd., is the top gainer in the Sensex, closing at Rs 1502 per share, up by Rs 17.05 per share or 1.15%.

Auto stocks like Bajaj-Auto, Tata Motors, Hero MotoCorp and M&M remained weak throughout the day, eventually dragging the Sensex down.

Nifty Bank closed at 20327.25 levels, down by 44.35 points or 0.22%. Bank stocks remained calm with some positive bias ahead of RBI’s monetary policy.

Tata Motors Ltd., closed at Rs 507.15 per share, down by 3.46%.

BSE IT closed in green along with BSE Consumer Durables and BSE Capital Goods. Firstsource Solutions Ltd., was the top gainer in the BSE IT index. The stock closed at Rs 43.4 per share, up by Rs 3.85 per share or 9.73%.

BSE Metal and BSE Realty closed in red showing weakness.

Infosys: – The stock gained traction in the closing hours of the market on Tuesday owing to the buyback speculation to the tune of Rs 12000 cr. Infosys has Rs 38000 cr as cash on books.

CEAT Limited plunged to Rs 1136 per share, down by Rs 40.65 per share or 3.45% after the announcement of its Q3 results.

Sadbhav Infrastructure Project Ltd., jumped to Rs 106.8 per share, up by Rs 6.3 per share or 6.26% after it announced its standalone and consolidated financial results for the quarter ended on December 31, 2016.

Future Retail Ltd., surged to its fresh 52-week high of Rs 218.35 per share, up by Rs 29.35 per share or 15.52% after the announcement of its financial results for the quarter ended on December 31, 2016.

The broader markets also closed moderately lower on negative breadth but outperformed benchmarks. About 1562 shares declined against 1330 advancing shares on the BSE.

The rupee was trading at 67.40 per US dollar.

Top 5 Nifty Gainers: Hindalco Industries (2.37%), Tata steel (1.66%), Cipla (1.41%), BPCL  (1.17%), and Tech Mahindra Ltd (1.08%).

Top 5 Nifty Losers: ITC (-1.06%), Axis Bank (-0.92%), Infosys Ltd. (-0.56%), Dr. Reddys Lab      (-0.56%) and HDFC (-0.45%)

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.