The Indian equity market closed almost at the same point where it too off from in the morning. Negative vibes from the US and the Asian markets compelled stock market in India to open with a gap down. However, after slipping below the 7700 mark, the Nifty staged a smart bounce back. Nifty closed with a a loss of 2 points at 7,733 while Sensex ended with a loss of 34 points at 25,228.

ABG Shipyard tumbled 20% to Rs.30.65 on BSE. Reports stated that the promoters of the debt-laden ship-maker may have to give up control of the company after they failed to bring in an investor, yet again.

Diamond Power jumped 9.9% to Rs.44.85 after the company has announced that its board is likely to consider re-organization of business after consulting its investors. The company will authorize a committee to offer stake up to 51% to a strategic investor.

Exchanging Solutions hit 20% upper circuit to Rs.60.10 on the BSE after the company engaged in information technology (IT) services business announced voluntary deli-sting plan.

Hindustan Composites rallied 14.4% to Rs.1055 on BSE. the company reported 135% growth in net profit at Rs 18.9 crore for the quarter ended March 2016 compared with Rs 8 crore in the same quarter last fiscal.

Talwalkars Better Value surged 3.8% to Rs.202.10 after the company reported 13 per cent year-on-year rise in its consolidated net profit at Rs 20.20 crore for the quarter ended March 2016.

Syndicate Bank climbed 3.6% to Rs.68 on BSE. The bank has allotted Rs.9.5 crore equity shares of face value of Rs.10/- each for cash at an issue price of Rs. 77.79 determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations aggregating to Rs. 740 crore on preferential basis to Government of India.

Bank of India gained 1% to Rs.86.75 after the bank has allotted 10,14,82,527 equity shares of Rs. 10/- each to Government of India at a price of Rs.113.32 per share; 1,60,00,000 equity shares of Rs. 10/- each to Life Insurance Corporation of India at Rs.96.03 per share.

Procter & Gamble slipped 3.2% to Rs. 6,199. The company posted a net profit of Rs. 973 mn for the quarter ended March 31, 2016 compared with Rs.868.9 mn for the quarter ended March 31, 2015.

Aarti Drugs cracked 4.3% to Rs. 464. The company reported a consolidated net profit of Rs.18.6 crore as against Rs.17 crore in the same period last year.

Jindal Steel & Power dropped 2.7% to Rs.64.25 on BSE. JSPL will sell certain steel and mining assets and will expand its power business portfolio into renewable energy and transmission and distribution (T&D), CEO Ravi Uppal has been quoted as saying by a business daily.

USDINR trade today trading down 3 paise at 66.57 per US dollar.

Out of 1,392 stocks traded on the NSE, 748 declined and 576 advanced today.

Top 5 Nifty Gainers: NTPC (2.78%), Bajaj Auto (2.03%), ITC Ltd (2.02%), Asian Paints (1.98%), and HDFC Bank (1.91%).

Top 5 Nifty Losers: Dr Reddys Lab (-0.56%)

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The Indian equity market snapped a three-day losing streak on Thursday amid a choppy trading session. After opening with smart gains, indices moved in and out of the red and later surged higher for most part of the day. However, benchmarks erased gains in the last hour of the session led by selling pressure in telecom, oil & gas, consumer durables and banking stocks. Even the midcap and small-cap stocks were under pressure. On the other hand, realty, power, FMCG and industrials stocks ended with gains. Nifty closed with a a gain of 29 points at 7,736 while Sensex ended with a gain of 160 points at 25,262.

Indiabulls Real Estate jumped 5.6% to Rs. 71.50. The company has increased stake in Singapore business trust IPIT to 51.18% from 47.51%.

Adani Ports extended losses for the second day and was the worst performing stock on both the benchmark indices. The stock slipped 5% and closed at Rs.198. The company posted a net profit of Rs. 9140.60 mn for the quarter ended March 31, 2016 compared with Rs.6607.30 mn for the quarter ended March 31, 2015.

L&T gained 2.2% to Rs.1,237 after Larsen & Toubro Infotech (L&T Infotech), IT services & solutions companies and a subsidiary of Larsen & Toubro, signed a multi-year contract with Elkjøp Nordic AS to provide end-to-end Infrastructure Management and Datacenter services.

Gillette India climbed 3.6% to Rs.4,430 after the company reported over two-fold jump in net profit at Rs.80.85 crore for the third quarter ended March 31.

Ricoh India hit 5% lower circuit to Rs.271.90 on BSE. As per media reports, the BSE suspended trading in the company’s stock from May 26. Recently, its stock was moved to ‘Z’ category and its top deck were asked to leave without pay.

V-Guard Industries hit 20% upper circuit to Rs. 1,187. The company reported standalone net profit of Rs. 41.97 crore for the quarter ended March 31, 2016, registering growth of 109.1% yoy and 95.36%.

Sun Pharma gained 1% to Rs. 811. Sun Pharma announced that two pivotal Phase-3 clinical trials evaluating the efficacy and safety of the investigational IL-23p19 inhibitor antibody tildrakizumab (MK-3222) in patients with moderate-to-severe plaque psoriasis met their primary endpoints for both evaluated doses.

Orient Cement gained 1.6% and closed at Rs. 147.50. The company’s standalone revenue stood at Rs. 449.29 crore, up 13.94% yoy and 27.03%.

Idea Cellular dropped 5% to Rs.113.60 on BSE. According to media report, the telecom company may spend $1.3 billion in adding data spectrum in upcoming auction around July.

USDINR trade today trading down 8 paise at 66.46 per US dollar.

Out of 1,804 stocks traded on the NSE, 789 declined and 746 advanced today.

Top 5 Nifty Gainers: SBI (1.25%) ICICI Bank (0.77%), Bharti Airtel (0.59%), GAIL (0.46%), and Asian Paints (0.25%).

Top 5 Nifty Losers: Adani Ports & Sez (-.1.51%), Dr Reddys Lab (-1.33%), Wipro (-1.21%), Hero Motocorp (-1.07), Lupin Ltd (-1.04%)

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The Indian equity market yet again closed in the negative terrain extending its losing streak to the third consecutive trading session. Nifty closed near day’s low amid an absolute monotonous session as Nifty was stuck in a mere 50 point range. After a decline in the manufacturing PMI, sentiment was hit again today as services PMI fell to 53.7 in April 2016 from 54.3 in March 2016. Nifty closed with a a loss of 40 points at 7,706.55 while Sensex ended with a loss of 128 points at 25,102.

Adani Ports and SEZ tumbled 11.9% to Rs. 207.65. The company posted a net profit of Rs. 9140.60 mn for the quarter ended March 31, 2016 compared with Rs.6607.30 mn for the quarter ended March 31, 2015.

Tata Steel slipped 5.6% to Rs. 329 on BSE. The UK-based commodity trading firm Liberty House Group formally submitted the first bid for some of Tata Steel Ltd’s UK assets.

Sun Pharmaceutical gained 0.6% to Rs. 802.75 on BSE. The company singed a global deal with ICGEB for treatment of Dengue. Under the deal, Sun Pharma is expected to produce novel Dengue drug for 17 countries.

MEP Infrastructure gained 1% to Rs. 42. The Company received the Letter of Acceptance (LOA) dated May 03, 2016 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the Project of “Collection of user fee through Fee Collection Agency on the basis of competitive Bidding for Paduna Toll Plaza at Km. 311.100 for the section Km. 278.000 to Km. 348.000 [Udaipur- Kherwada] of NH No. 8 in the State of Rajasthan”.

Tata Motors dropped 6.7% to Rs. 381 after its wholly-owned subsidiary Jaguar Land Rover (JLR) reported 2 per cent fall in US sales in April 2015

BASF India jumped 4% to Rs. 961.25. The company’s standalone revenue stood at Rs.1,152.12 crore, up 7.44% yoy and 1.8%.

A total of 14 stocks registered a fresh 52-week high in trades today, whereas 22 stocks touched a new 52-week low on the NSE.

USDINR trade today trading down 22 paise at 66.63 per US dollar.

Out of 1,453 stocks traded on the NSE, 1,096 declined and 306 advanced today.

Top 5 Nifty Gainers: Tata Motors (2.93%) HDFC (2.46%), Lupin Ltd (1.70%),Sun Pharma (1.64%), and Hero Motocorp (1.49%).

Top 5 Nifty Losers: Adani Ports & Sez (-.3.13%), Infosys Ltd (-0.42%), TCS (-0.41%), M&M (-0.34), Wipro(-0.08%)

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.