The Indian stock market swung between gains and losses and closed higher for the second consecutive session. Volatility continued ahead of expiry of August futures & options contracts. Oil and Gas, pharma, energy, power, IT and realty stocks led from the front, while telecom, metal and capital goods index were among the major loser. Market participants were a bit jittery ahead of the Fed chair Janet Yellen speech at the Jackson Hole in US later this week. Nifty closed with a gain of 18 points at 8,650.30, while BSE Sensex ended with a gain of 70 points at 28,060.

On the global front, Asian stocks edged lower on Wednesday while oil prices slipped after a surprise jump in US inventories. Japan’s Nikkei advanced 0.60%. China’s Shanghai Composite ended marginally lower, while Hong Kong’s Hang Seng slipped 0.78%.

European stocks were trading mixed. The FTSE 100 is marginally down 0.21%. The CAC 40 and DAX gained 0.5% each.

Aurobindo Pharma jumped 7% to Rs.787 after the pharma company reported a 23.8% rise in consolidated net profit to Rs.584.96 crore for the first quarter ended June 30, 2016, mainly on account of robust sales.

Lupin dropped 2.2% to Rs.1,521. The company received final approval for its Linezolid Tablets, 600 mg from the USFDA to market a generic equivalent of Pharmacia & Upjohn Company’s Zyvox Tablets, 600 mg.

JK Tyre climbed 12.5% to Rs.125 on BSE. The company is planning to set up a new R&D centre of excellence in Mysuru. In this regard, the company will invest Rs 100 crore. It will initially have about 200 engineers and scientists and the number will double during the next one year.

MOIL rallied 5.3% on BSE after the company executed the Mining lease over 76.409 Ha. land granted by Government of Madhya Pradesh in the village Bharweli-Awalajhari, Tehsil & Dist.Balaghat of Madhya Pradesh.

Castrol India gained 2.2% to Rs.426 on the BSE. The company is selling up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to media reports.

Majesco soared 7% to Rs.519. Majesco and Elafris announce strategic partnership Source text for Eikon to enhance insurers’ customer communication and payment experience.

Engineers India soared 8.3% to Rs.251. The company reported 50% growth in the net profit to Rs.80.3 crore for the quarter ended June 30 compared with Rs.53.50 crore reported in the year-ago period.

Jai Corp declined 3.2% to Rs.75. The company reported 41.7% fall in net profit to Rs.6 crore for the quarter ended June 30 compared with Rs.10.3 crore reported in the year-ago period.

USDINR trading down five paise at 67.10 per US dollar.

Out of 1,417 stocks traded on the NSE, 547 declined and 801 advanced today.

The rupee was trading down five paise at 67.10 per US dollar.

Top 5 Nifty Gainers: ITC Ltd. (1.78%), Axis Bank (1.45%), CIPLA (1.13%), Dr. Reddys Lab (0.89%) and Bajaj Auto (0.65%).

Top 5 Nifty Losers: Adani Ports & Sez (-2.09%), Wipro (-1.39%), Infosys Ltd (-0.97%), NTPC (-0.65%) and TCS (-0.41%)

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After falling for past two trading sessions, the Indian stock market closed on a flat note on Tuesday. Market participants were also jittery as the speech by Fed chair Janet Yellen at an annual summer gathering in Jackson Hole was awaited, for indications of how policymakers view the interest rates outlook and ahead of the expiry of the derivative contracts on Thursday. Nifty closed with a gain of three points at 8,632, while BSE Sensex ended with a gain of mere five points at 27,990.

On the global front, Asian stocks closed on a mixed trend. Oil prices fell for a second straight session on supply concerns. Japan’s Nikkei slipped 0.61%. China’s Shanghai Composite and Hong Kong’s Hang Seng ended marginally higher.

European stocks edged higher after the latest data showed that eurozone’s economic recovery gained speed in August. The FTSE 100 was trading inched up 0.5%. The CAC 40 and DAX gained 0.87% each.

Tata Power Company tumbled 3.2% to Rs.74 on the BSE. The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.72.5 crore for the quarter ended June 30, 2016 as compared to Rs.303 crore for the quarter ended June 30, 2015.

HPCL dropped 5.3% after the company has posted a net profit of Rs.2,098 crore for the quarter ended June 30, 2016 as compared to Rs.1614.1 crore for the quarter ended June 30, 2015.

Welspun India closed lower for the second consecutive session after Bloomberg reports said Target Corp is ending all business with Welspun India Ltd, one of the world’s biggest textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets. Welspun India Ltd hit 20% lower circuit for the second day to end at Rs.65.85 on BSE.

Shriram EPC jumped 10.6% to Rs.24 after it said that the company through its 100% subsidiary, Shriram EPC FZE, Sharjah has been awarded an overseas contract for an amount of $230 million (around Rs.1530 crore).

Himachal Futuristic Communications Ltd dipped 3.5% to Rs.16.35 after the company said its net profit for the June quarter fell 58% to Rs.46.18 crore against Rs.109.40 crore a year ago. Net sales fell 20% to Rs.503.99 crore.

Hotel Leelaventure Ltd climbed 3% to Rs.18.35 after the company said in a notice to BSE that it has sought shareholder approval to sell its properties The Leela Palace Delhi and The Leela Palace Chennai to pare debt.

NTPC Ltd skid 3% to Rs.159. The company has posted a net profit of Rs.2369.5 crore for the quarter ended June 30, 2016 as compared to Rs.2276.5 crore for the quarter ended June 30, 2015. The company to raise funds upto Rs.15,000 crore through issue of Bonds/Debentures on Private Placement basis.

Allcargo Logistics Ltd fell 3% to Rs.189. The company reported 11.8% decline in its net profit to Rs.28.30 crore in June quarter against Rs.32.07 crore a year ago. Total income rose 0.5% to Rs.306.15 crore.

MEP Infrastructure Developers Ltd rose 3.8% to Rs.44. The company has received the Letter of Acceptance (LOA) dated 22 August 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 through (e-tender) for Ghangari at 346.100km (Gorhar to Barwa Adda) from 320km-398.750km of National Highway No. 2 in the State of Jharkhand.

USDINR trading up nine paise at 67.09 per US dollar.

Out of 1,400 stocks traded on the NSE, 721 declined and 622 advanced today.

Top 5 Nifty Gainers: Maruti Suzuki (2.73%), CIPLA (2.62%), NTPC (2.52%), Infosys Ltd (1.44%) and Sun Pharma (0.92%).

Top 5 Nifty Losers: Lupin Ltd. (-2.40%), TCS (-1.04%), Coal India (-0.89%), Hind. Unilever (-0.73%) and ITC Ltd. (-0.53%)

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The Indian equity market ended with losses for second consecutive trading session on Monday. Weak global cues, profit booking and a weak rupee dampened the sentiment. Urjit Patel’s appointment as the new RBI Governor too failed to bring any cheer on the street. The new governor will take charge for a 3 year term from 4 September 2016. Market participants were also jittery as they await the speech by Fed chair Janet Yellen at an annual summer gathering in Jackson Hole, for indications of how policymakers view the interest rates outlook. Nifty closed with a loss of 38 points at 8,629, while BSE Sensex ended with a loss of 91 points at 27,985.

On the global front, Asian stocks closed lower on Monday. Nikkei index edged higher after BOJ Governor Haruhiko Kuroda said there is “sufficient chance” the central bank will add to its easing at next month’s policy meeting. China’s Shanghai Composite ended marginally lower, while Hong Kong’s Hang Seng gained 0.26%.

European markets were mixed. The FTSE 100 was trading marginally down. The CAC 40 and DAX inched up 0.27% each.

Welspun India hit 20% lower circuit at Rs.82.30 after Target Corp said it was severing ties with the company over a cotton supply dispute. Target Corp said that after an extensive investigation it had confirmed that Welspun, which uses Egyptian cotton to make bedsheets and pillowcases sold by the retailer, substituted another type, of non-Egyptian cotton, to make these sheets between August 2014 and July 2016.

Sun TV Network fell 4.8% to Rs.458.85 on the BSE. The company posted a net profit of Rs.233 crore for the quarter ended June 30, 2016 as compared to Rs.195.8 crore for the quarter ended June 30, 2015.

Indraprastha Gas jumped 4.3% to Rs.729.15 on the BSE. The company posted a net profit after tax of Rs.148 crore for the quarter ended June 30, 2016 as compared to Rs.102.5 crore for the quarter ended June 30, 2015.

Fortis Malar Hospitals hit 20% upper circuit at Rs.68.50 on the BSE. Fortis Healthcare said its board has approved demerger of its diagnostics business into another group firm Fortis Malar Hospitals, a move aimed at ensuring independent growth of hospital as well as diagnostics business verticals.

Oberoi Realty climbed 5.2% to Rs.313.50 on the BSE. The company posted net profit after taxes, minority interest and share of profit of associates of Rs.108.9 crore for the quarter ended June 30, 2016 as compared to Rs.81.9 crore for the quarter ended June 30, 2015.

Aviation stocks closed higher on BSE. Domestic air passenger traffic jumped by nearly 26% in July, registering double-digit growth for the 24th consecutive month with lower fares attracting more fliers, as per media reports. Jet Airways and Spice Jet closed above 1% each. IndiGo gains 2.2% on BSE.

USDINR trading down 14 paise at 67.20 per US dollar.

Out of 1,455 stocks traded on the NSE, 795 declined and 588 advanced today.

Top 5 Nifty Gainers: Infosys Ltd (1.74%), TCS (1.73%), GAIL (1.61%), WIPRO (0.57%) and Asian Paints (0.51%).

Top 5 Nifty Losers: BHEL (-3.00%), SBI (-1.31%), Bajaj Auto (-1.24%), ICICI Bank (-1.09%) and ITC Ltd. (-1.08%)

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.