The Indian equity market ended with losses on Friday. Weak global cues, profit booking and a weak rupee dampened the sentiment. The IT index rebounded after a two-day drubbing, making it the only advancing sectoral gauge on the NSE. The NSE IT index closed higher by 0.50%. Nifty closed with a loss of 86 points at 8,867, while BSE Sensex ended with a loss of 248 points at 28,797.

On the global front, Asian markets fell on Friday after North Korea said it had conducted its fifth nuclear test, hours after seismic monitors detected a blast near the reclusive state’s nuclear test site. Japan’s Nikkei and Hong Kong’s Hang Seng ended higher, while China’s Shanghai Composite ended in red.

In Europe, the FTSE 100 was trading marginally down. The CAC 40 and DAX slipped 0.37% each.

In the FMCG stocks, ITC slipped 2.5% while Hindustan Unilever dropped 2%.

SAIL dropped 5.6% after the company reported widening of its standalone net loss to Rs.534.92 crore for the quarter ended 30th June, 2016. The company had posted a net loss of Rs.248.24 crore in the year-ago period.

Yes Bank tumbled 4% to Rs.1277. On Thursday, the bank deferred its proposed Rs.6,642 crore institutional private placement. The Mumbai-based lender cited “extreme volatility and misinterpretation of new QIP (qualified institutional placement) guidelines” for the delay, as per BSE data.

ONGC rallied 3.3% and is in talks with Gujarat State Petroleum Corp for acquiring a stake in its gas field in the Krishna-Godavari Basin, D.K. Sarraf said.

Zensar Technologies rallied 4% after the company secured a digital transformation project from South Africa’s taxi fleet management company, Avis Fleet.

Puravankara Projects plunged 7.8% to Rs.50.35 after the company said its net profit for the June quarter fell 67% to Rs.10.14 crore against Rs.30.56 crore a year ago.

Hindustan Composites zoomed 15% after the company reported its net profit increased by 95.6% to Rs.12.4 crore in the quarter ended June 2016 as against Rs.6.34 crore during the previous quarter ended June 2015.

The shares of Logistics stocks closed higher on the back of higher volumes on BSE. President Pranab Mukherjee’s approval of the Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year will be win-win for Logistics stocks. Patel Integrated Logistics zoomed 3.8%, while Snowman Logistics gained 2%. GATI advanced 1% on BSE.

Kaya soared 6.6% after the company informed BSE that Kaya Middle East, DMCC, a foreign subsidiary of Kaya Limited has entered into an Agreement dated September 8 for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.

The rupee was trading down 31 paise at 66.72 per US dollar.

Out of 1,526 stocks traded on the NSE, 969 declined and 498 advanced today.

Top 5 Nifty Gainers: Infosys Ltd (1.81%), Reliance Ind. (0.55%), Wipro (0.46%) and TCS (0.34%)

Top 5 Nifty Losers: Tata Steel (-3.81%), Adani Portz and Sez (-3.41%), SBI (-3.35%), Axis Bank (-3.29%) and L&T (-3.09%)

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The Indian equity market erased early losses to end higher on Thursday after European stocks edged higher. The Sensex ended above 29,000 for the first time since April 13, 2015 while the Nifty Midcap index ended at record closing high. Nifty closed with a gain of 35 points at 8,953, while BSE Sensex ended with a gain of 119 points at 29,045.

On the global front, Asian stocks closed on mixed note. The Nikkei 225 ended marginally lower. Shanghai Composite and Hong Kong’s Hang Seng index index closed in green.

European stocks trading mixed ahead of the European Central Bank monetary policy decision later in the global day. The FTSE 100 iched up 0.55%. DAX and the CAC 40 were trading marginally down.

IRB Infrastructure soared 9% after an investment trust backed by the construction company, IRB InvIT Fund, filed a draft offer document with Sebi for an initial public offer (IPO).

TCS tanked 5.1% to Rs.2,321. The IT Company said it will update investors on business trends in Q2 FY17. It is seeing sequential loss of momentum in BFSI vertical and holding back of discretionary spending seen in BFSI vertical in the US, as per media reports.

GAIL India slipped 1.9% to Rs.388.90. The company reported its net profit in April-June 2016 at Rs.1,335 crore compared with Rs.388 crore in the same period a year ago.

Aptech hit 10% upper circuit at Rs.175.05. According to the bulk deal data on the NSE showed that Rajesh Kumar Jhunjhunwala and Rekha Rakesh Jhunjhunwala purchased over 2.5 lakh and 5 lakh shares respectively. The company made a foray into the preschool education sector through a strategic alliance with the city-based Montana International Preschool.

Max Financial Services soared 3.6%. Max Financial Services said it has filed a joint application seeking CCIs approval for amalgamation of Max Life Insurance Company and Max Financial Services into HDFC Standard Life Insurance Company.

Alstom T&D tanked 3.6% to Rs.322. Alstom T&D reported a net loss of Rs.197 crore for the quarter ended June 30 compared with Rs.10.1 crore net profit reported in the year-ago period.

Technofab Engineering galloped 19.3% to Rs.224. Technofab Engineering has received two new orders from Power Grid Corporation of India amounting to Rs.227 crore. The orders have a timeline of 32 months for completion.

The rupee was trading down four paise at 66.41 per US dollar.

Out of 1,413 stocks traded on the NSE, 515 declined and 840 advanced today.

Top 5 Nifty Gainers: ONGC (1.46%), TCS (1.03%), Wipro (0.98%), GAIL (0.98%) and Dr. Reddys Lab (0.56%).

Top 5 Nifty Losers: Hero Motocorp (-2.28%), HDFC (-2.05%), ICICI Bank (-1.76%), Bajaj Auto (-1.71%) and Axis Bank (-1.61%)

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The Indian equity market closed higher on Tuesday. The stock market saw a gap-up opening, as trading resumed after a local holiday yesterday. The Sensex hit 29,000-level for the first time since April 15, 2015. The Nifty hit an 18-month high. Nifty closed with a  gain of 133 points at 8,943, while BSE Sensex ended with a gain of 446 points at 28,978.

Urjit Patel assumed charge as the 24^th Governor of Reserve Bank of India (RBI), succeeding Raghuram Rajan whose three-year controversy-ridden tenure ended on Sunday, 4th September, 2016. Patel has assumed charge effective Sunday after serving as Deputy Governor since January 2013, RBI said.

On the global front, Brent crude prices were steady today following Monday’s rally as other oil producers welcomed an agreement between Saudi Arabia and Russia to stabilize the oil market.

Asian shares edged up on Tuesday as investors awaited the Reserve Bank of Australia’s policy meeting in which it is expected to keep interest rates steady.

The Nikkei Stock Average closed up 0.3%, hitting a fresh three-month high, and building on last week’s 3.5% gain. Singapore’s Straits Times Index added 1.6% on rising oil prices, while Hong Kong’s Hang Seng Index gained 0.58%.

European stock markets rose following gains in Asian equities. The FTSE 100 is trading in red, while the CAC 40 and DAX were trading up 0.3%.

Coal India slipped 1.1% to Rs.329 after it reported the lowest production and shipments in three years as heavy rains flooded its mines.

Tata Motors rallied 7.2% to Rs.589 on BSE. Jaguar Land Rover, the British luxury vehicle unit of Tata Motors, is planning to make Land Rover SUVs in India for the local market and exports, as per media reports.

Mindtree tanked 5% to Rs.521.70 on the BSE. The IT Company has issued a profit and revenue warning, impacted primarily due to cross-currency movement and Brexit.

Unitech Ltd rose 2.3% to Rs.5.37. The Delhi high court has directed Unitech Ltd to open escrow accounts in its delayed residential projects in order to protect the interest of home-buyers and a court appointed commissioner to monitor the same, the realty firm informed NSE.

Jubilant Food works Ltd plunged 9.5% after the company has posted a net profit of Rs.19 crore for the quarter ended June 30, 2016 as compared to Rs.27.6 crore for the quarter ended June 30, 2015.

Mangalore Refinery & Petrochemicals rallied 5.4% after the company reported 77.6% rise in net profit for the quarter ended June 30, 2016 against Rs.405.52 crore in the corresponding quarter a year ago. However, net sales of the company dipped 25.52 per cent year-on-year to Rs.8425.86 crore for the quarter under review against Rs.11313.11 crore in the same quarter last year.

Ahluwalia Contracts India Ltd climbed 7% to Rs.317 after the company said it got new orders worth Rs.244.13 crore.

Pennar Engineered Building Systems Ltd soared 6.5% to Rs.183 after the company said it got orders worth Rs.203 crore.

Ramco Systems Ltd gained 3% to Rs.501 after the company said it has been selected lowest bidder by Canada’s Leading Aerospace & Defence In-Service Support Integrator, L-3 MAS.

Atlanta Ltd galloped 19% to Rs.73.50. The company said in a notice to BSE that it has Rs.1,600 crores of arbitration awards and it expects to get Rs.1,200 crore after rule change on arbitration. The company also said it expect to repay Rs.900 crore debt by this fiscal year.

Punj Lloyd Ltd gained 3.5% to Rs.26.50. The company said in a notice to BSE that its solution to upgrade Zu 23 air defence gun after field evaluation was qualified by the ministry of defence. The commercial bid has been opened and the company is the provisional lowest bidder.

SPML Infra Ltd jumped 3% to Rs.80. The company said its debt fell after government decision on arbitration. The company expects to get 75% of the Rs.250 crore of arbitration award.

The rupee was trading up 29 paise at 66.52 per US dollar.

Out of 1,451 stocks traded on the NSE, 904 advanced and 498 declined today.

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