The Indian equity market witnessed its biggest one day loss in percentage terms since June 24 on Monday on account of weak global cues, profit booking and a weak rupee further dampened sentiment. The Sensex and Nifty witnessed its biggest one day loss in percentage terms since June 24. The Bank Nifty fell most since April 5, 2016. Nifty closed with a loss of 151 points at 8,716, while BSE Sensex ended with a loss of 444 points at 28,354.

Market sentiment was also influenced by investors treading cautiously ahead of IIP data and CPI inflation due to be released today.

On the economy front, India’s direct tax collections for the current fiscal year (April 1 to August 31) has increased by 15% to reach Rs.1.89 Lakh crore, the Ministry of Finance said.

The Cabinet on Monday approved the process, formation and functioning of the GST Council, which will decide on the rate of tax under the new indirect taxation regime.

On the global front, Asian stocks closed in red. The Shanghai Composite index and Nikkei 225 fell over 1.5% each, while Hong Kong’s Hang Seng index tanked 3.5%.

European stock markets opened lower as investor sentiment has been rattled by concerns that the US Federal Reserve could be considering an imminent interest rate hike. The FTSE 100 was trading down by 1.5%. The CAC 40 and DAX slipped 2% each.

Tata Motors slipped 3.3% to Rs.554. Tata Motors has reported a 16% rise in global sales at 86,288 units, including that of Jaguar Land Rover (JLR) vehicles, in August. The company had sold 74,639 units in August 2015.

IT stocks were the gainers led by depreciation of rupee against dollar. Infosys advanced 1.7%, whereas TCS and Wipro closed marginally up.

Suprajit Engineering gained 1% with the company announcing the successful completion of acquisition of Wescon Controls, Wichita, USA, through its wholly owned subsidiary Suprajit USA Inc, by purchasing 100% outstanding equity share capital from Shell Topco LP managed by a Private Equity Fund – Nova Capital, UK.

Shares of public sector undertaking (PSU) banks closed lower by 4.7% on the National Stock Exchange. The Nifty bank index fell the most in more than 2 months. The PSU bank Nifty opened at 3,204.20 and hit a high of 3,220.90 and a low of 3,156.95. Today, Fitch said they are most at risk of breaching capital triggers due to poor buffers and weak prospects of raising funds for implementation of Basel III. Oriental Bank of Commerce and Bank of India plunged over 6%.

HDIL cracked 10.8% to Rs.90. The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.40.9 crore for the quarter ended June 30, 2016 where as the same was at Rs.58.4 crore for the quarter ended June 30, 2015.

Mangalam Timber Products Ltd hit 20% upper circuit at Rs.36.35 after the company informed BSE that the commercial production of captive thermal power plant at Company’s Nabarangpur plant has commenced.

Reliance Defence tanked 13.5% on the back of net loss of Rs.134.5 crore for the quarter ended June 30, 2016 as compared to net loss of Rs.167.3 crore for the quarter ended June 30, 2015.

The rupee was trading down 25 paise at 66.93 per US dollar.

Out of 1,482 stocks traded on the NSE, 1,245 declined and 185 advanced today.

Top 5 Nifty Gainers: NTPC (1.73%), Adani Portz and Sez (1.35%), SBI (1.11%), Asian Paints (1.05%) and Cipla (0.99%)

Top 5 Nifty Losers: Coal India (-2.16%), Tata Steel (-1.89%), ONGC (-1.73%), TCS (-1.45%) and Tata Motors (-1.38%)

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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%)

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.