The Indian equity market closed with handsome gains on Thursday amid a choppy session. Indices managed to clock in marginal gains tracking positive global cues. The banking, metal, finance stocks were the top gainers followed by consumer durables and basic materials stocks. On the other hand, auto, IT, health care and FMCG were under pressure. After a gap up start, it oscillated in a range till the end while participants were busy reacting to the earnings. The news of the GST Council meeting ending without finalisation of the tax rate dented sentiments a bit and capped an upside in the index. Nifty closed with a gain of 40 points at 8,699, while BSE Sensex ended with a gain of 145 points at 28,130.

On the global front, Asian markets closed in green. The Shanghai Composite index closed marginally higher. Hong Kong’s Hang Seng index gained 0.3% and Nikkei 225 gained 1%.

Yes Bank advanced 1.3%. The bank has posted a net profit of Rs 802 crore for the quarter ended September 30, 2016 as compared to Rs 610 crore for the quarter ended September 30, 2015

KPIT Technologies zoomed 4.3%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 56 crore for the quarter ended September 30, 2016 as compared to Rs 74 crore for the quarter ended September 30, 2015.

Quess Corp rallied 6% after the company entered into agreements to acquire stakes in Singapore-based Comtel Solutions and two domestic firms – Terrier Security Services and Simpliance Technologies – for undisclosed sums.

Bayer CropScience tanked 3% to Rs 4380. Bayer reported a marginal increase of 2% in net profit at Rs 159 crore for the quarter ended September 30, on higher sales.

RBL Bank soared 4.7% after the bank registered net profit growth by over a third to Rs 89.89 crore in Q2 FY17. Net interest income for the quarter was Rs 302.94 crore, an increase of 60%.

Ashok Leyland zoomed 1.7% after the company bagged an order from Tanzania government for vehicles, gensets, spares and equipment.

City Union Bank gained 3.5% on the BSE. Around 3.01 million shares of the bank changed hands in two block deals.

HCC Concessions Ltd commenced commercial operations of its Rs.1,720 crore Farakka Raiganj Highways Ltd (FRHL) in Bengal. The stock closed 1.3% higher on the BSE.

NBCC slipped 1% to Rs 251. Government’s offer to sell up to 72 million shares in NBCC India received 1.29 times demand at 3:05 pm local time, as per NSE data.

Suzlon gained 2% at Rs 15. Suzlon announced a joint venture with Canadian Solar for developing two solar projects of 15MW each in Telangana.

Hindustan Zinc inched up 1% after the company reported a 15% dip in net profit during the second quarter ended September 30, 2016 at Rs 1,902 crore on higher depreciation charges.

Tata Coffee Ltd dipped 3.4% after the company reported 62% increase in its consolidated net profit at Rs 44.7 crore for the quarter ended September 30.

Aptech zoomed 3%. The company reported consolidated net profit of Rs 7 crore for the quarter ended September 30 compared to 0.46 crore reported in the year-ago period.

Unitech climbed 4.4%. The Supreme Court directed Unitech to refund the principal cost of flats to 39 buyers who had booked apartments in a Gurgaon project seven years ago and have still not got possession of their homes.

The rupee was trading down 11 paise at 67.78 per US dollar.

Out of 1,480 stocks traded on the NSE, 742 declined and 673 advanced today.

Top 5 Nifty Gainers: GAIL (1.35%), Dr Reddys Lab (1.28%), Lupin Ltd. (0.98%), Wipro (0.49%) and TCS (0.42%)

Top 5 Nifty Losers: Axis Bank (-2.00%), ONGC (-1.63%), HDFC (-1.62%), Reliance Ind. (-1.56%) and Tata Steel (-1.26%)

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Wiping out most of its early gains, the Indian stock market ended lower in a volatile trading session on Wednesday, taking a breather after Tuesday’s surge. The stock market swung between gains and losses due to profit-booking by funds and investors amid weak European cues. After opening with a positive bias, indices failed to carry forward the momentum. Nifty closed with a loss of 19 points at 8,659, while BSE Sensex ended with a loss of 66 points at 27,984.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index closed marginally higher after its GDP grew 6.7% in the year to September, precisely in line with forecasts, with tepid private investment compensated for by robust government spending and a heated property market. Hong Kong’s Hang Seng index slipped 0.38%, while Nikkei 225 gained by 0.21%.

European investors awaited the outcome of the latest regional central bank meeting. The FTSE 100 was trading lower by 0.10%. DAX and the CAC 40 are trading down higher by 0.13% respectively.

Mangalore Chemicals and Fertilisers hit 20% upper circuit at Rs 63.35 after the company posted its net profit stands at Rs 15 crore for the quarter ended September 30 on strong operational performance despite revenue degrowth.

Sun Pharmaceuticals rallied 1% to Rs 750. ICGEB and Sun Pharma announced their new collaboration for development of a dengue vaccine, targeted against all the four serotypes of Dengue virus that cause disease in humans.

IDBI Bank rose 4% after media reports said that four bidders were looking to acquire a part of the government’s stake in the lender. GIC of Singapore, Asian Development Bank, IFC and Commonwealth Development Corporation are eyeing stakes in IDBI Bank, reports added.

BHEL rallied 3.7% to Rs 141 after the company commissioned three power projects – Koldam HEP (4×200 MW) of NTPCBSE 0.17%, Parbati HEP Stage-III (4×130 MW) of NHPCBSE 0.59 % and Rampur HEP (6×68.67 MW) of SJVN. As per media reports, the Supreme Court allowed an appeal against Madras High Court’s stay over construction of Ennore SEZ supercritical thermal power project.

L&T Technology Services advanced 0.45%. The company announced that it has secured a new multiyear, multi-million dollar contract with a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products.

Havells India tanked 4.7%. Havells India on Tuesday reported a 22% YoY jump in net profit to Rs 145 crore for the September quarter, as per new accounting standard Ind-AS.

Sterling Tools galloped 13% after the company informed BSE that a meeting of the Board of Directors of the Company will consider sub-division of the equity shares of the company on Nov 5.

Indian Oil Corporation gained 1.9% to Rs 326.90. CLSA has retained its buy rating on Indian Oil Corporation and raised target price by 20 per cent to Rs 810 from Rs 675.

Tata Power zoomed 3.5%. Tata Power has appointed three independent directors – Anjali Bansal, Vibha Padalkar and Sanjay Bhandarkar – on its board with effect from October 14, 2016.

Hatsun Agro Product Ltd gained 2%. The company is planning to invest around Rs 850 crore during the current fiscal year and next fiscal year, in order to set up two milk processing facilities, along with the expansion of existing facilities and marketing, as per media report.

Ceat dropped 3.3%. The company has introduced a new range of puncture-safe tyres for motorcycles, thereby creating a new segment.

The rupee was trading up four paise at 66.68 per US dollar.

Out of 1,531 stocks traded on the NSE, 636 declined and 832 advanced today.

Top 5 Nifty Gainers: ICICI Bank (4.79%), Adani Ports & Sez (3.39%), HDFC (1.70%), SBI (1.41%) and Bajaj Auto (1.20%)

Top 5 Nifty Losers: ITC Ltd. (-0.33%), Tata Motors (-0.17%), Hind. Unilever (-0.11%), GAIL (-0.09%) and HDFC Bank (-0.07%)

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The Indian stock market ended with smart gains on Tuesday as the Sensex and Nifty hit its highest level since October 13, 2016. The Nifty Bank index, which gained 2.2%, was the top performing sectoral gauge led by ICICI Bank. This was the indices biggest single day jump since May 25 of this year. Nifty closed with a gain of 158 points at 8,678, while BSE Sensex ended with a gain of 521 points at 28,051.

On the global front, Asian stock markets rose on Tuesday ahead of China’s release of quarterly growth data and a policy meeting of the European Central Bank later in the week. Japanese shares recovered from a weak start to end modestly higher ahead of the earnings season starting later this week. Hang Seng and Shanghai Composite closed 1% each, while Nikkei 225 closed marginally higher.

European shares were trading in green, up by over 1%.

Cairn India inched up 1.3% to Rs 224 on the BSE after the Delhi High Court dismissed its plea seeking permission to export crude oil extracted from Rajasthan block.

Mastek Ltd jumped 12% to Rs 148 on the BSE. The company reported a net profit of Rs 7.65 crore for quarter-ended September, compared to Rs 3.6 crore previous quarter.

Suven Life Sciences Ltd gained 1.5% after the company announced that it has granted one product patent from Europe and Israel corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2029 and 2030 respectively.

Bharat Financial Inclusion zoomed 3.5%. Bharat Financial Inclusion has issued Commercial Papers of an aggregate amount of Rs 100 crore on October 17, 2016, which have been rated ‘A1+’ by a leading rating agency. The aggregate Commercial Papers outstanding as on date is Rs 450 crore. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

Ashok Leyland rallied 3%. Ashok Leyland unveiled its Circuit series electric bus, the country’s first such indigenously made vehicle. Designed and engineered in India, it’s in line with the company’s vision for the future of mass mobility.

HDFC zoomed 3.8%. HDFC Life has reported 12% increase in net profit at Rs 464 crore during the first half of the 2016-17 financial year.

UltraTech Cement ended maginally higher. UltraTech Cement said its net profit in the quarter ended 30 September rose 25.27% from a year ago because of higher other income.

Logistics stocks closed higher on Tuesday ahead of GST council meeting that begins later in the day. A crucial three-day meeting of the Goods and Services Tax (GST) Council, comprising state finance ministers, starts today, 18 October 2016. The meeting is crucial because the government has set a deadline of 1 April 2017 for the GST rollout. GATI jumped 4.8%, while VRL Logistics gained 2%.

Zensar Technologies dipped 1.1% to Rs 998. The consolidated net revenue for the quarter grew by 2% QoQ to Rs 772 crore against Rs 757 crore in the previous quarter. The consolidated net profit declined by 2.5% QoQ to Rs 74.5 crore against Rs 76.5 crore of last quarter due to fall in other income.

Aarti Industries zoomed 5.3%. The company informed BSE that the Board of Directors approved the buyback up to 12,00,000 fully paid-up equity shares of face value of Rs 5 representing up to 1.44% of the total number of Equity Shares of the Company at a price of Rs 800.

Shriram EPC jumped 12.6% after the company bagged a Rs 61 crore contract for a water supply scheme in Bengaluru. The company has informed the BSE, that it has bagged the contract for a water supply scheme to Robertsonpet (KGF) City under the Centre’s Atal Mission for Rejuvenation and Urban Transformation scheme.

Indian Hume Pipe Company hit 20% upper circuit at Rs 804. Indian Hume Pipe Company Ltd has informed BSE that the Board of Directors will consider the proposal for issue of bonus shares by capitalization of free reserves at their meeting to be held on October 26.

USDINR trading marginally up 18 paise at 66.70 per US dollar.

Out of 1,492 stocks traded on the NSE, 356 declined and 1,093 advanced today.

Top 5 Nifty Gainers: BHEL (4.37%), Wipro (2.32%), GAIL (2.22%), Adani Ports & Sez (2.02%) and Lupin Ltd (1.57%).

Top 5 Nifty Losers: ICICI Bank (-1.78%), ITC Ltd (-1.59%), M&M (-1.28%), Hero Motocorp (-1.03%) and Tata Motors (-0.88%)

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.