After Thursday’s smart run up, indices took a breather today amid lackluster day of trades. Weak global cues, profit booking and weak rupee dampened the sentiments. On the other hand, Nifty Bank index continued to out-perform. Today’s decline was led by the realty, telecom, IT and pharma stocks, while metal, consumer durables, oil & gas, banking and industrial stocks were among the gainer.. Nifty closed with a loss of mere six points at 8,667, while BSE Sensex ended with a loss of 46 points at 27,127.

On the global front, Japan’s Nikkei and China’s Shanghai Composite ended marginally higher, while Hong Kong’s Hang Seng slipped 0.37%.

European shares were trading in red. The FTSE 100 is trading marginally down. The CAC 40 and DAX dropped over 0.77% each.

SBI jumped 4.2% to Rs.258.50 on BSE. The board of State Bank of India Ltd cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself.

Shipping Corporation of India dropped 5% after the company’s net profit slipped 72.56% to Rs.55.91 crore for the quarter ended on June 30, 2016, compared to the same period last year. The company had posted a net profit of Rs.203.78 crore for the quarter ended June 30, 2015.

V-Guard Industries gained 1% to Rs.1,763 after the company announced that it has fixed 31 August 2016 as the record date for 10 for 1 stock split.

Coal India dropped 1.4% to Rs.334. As per media reports, Government of India’s impending stake-sale in the company. GoI currently holds 79.65% in Coal India as on 30 June 2016.

Ultra Tech Cement gained 1.1% to Rs.3915 on the BSE. The cement company is planning to raise Rs.500 crore through issuance of secured redeemable non-convertible debentures (NCDs) on private placement basis.

Bharti Airtel slipped 0.44% to Rs.350. Singapore Telecommunications said that it has signed a conditional share purchase agreement with Temasek Holdings to acquire 7.39% stake in Bharti Telecom Ltd, holding company of India’s largest telco Bharti Airtel Ltd, and 21% in Thailand’s Intouch Holdings public Co. Ltd for a total of $1.8 billion.

India Cements soared 5.2% to Rs.132. The company reported 16% jump in its net profit at Rs.44 crore for the April-June quarter. India Cements had reported a net profit of Rs.38 crore on sales of Rs.1,221 crore in the corresponding quarter of last fiscal.

USDINR trading down 22 paise at 67.02 per US dollar.

Out of 1,860 stocks traded on the NSE, 701 declined and 899 advanced today.

Top 5 Nifty Gainers: Hindustan Unilever (1.97%), ITC Ltd. (1.00%), CIPLA (0.98%), BHEL (0.78%) and Adani Ports & Sez (0.49%).

Top 5 Nifty Losers: Lupin Ltd (-1.59%), Sun Pharma (-1.29%), Tata Steel (-1.24%), ICICI Bank (-1.20%) and Hero Motocorp (-1.11%)

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The Indian stock market ended with smart gains snapping a two day losing streak thanks to stellar show by the banking stocks. The Nifty Bank closed higher by 1.64% hitting 52-week high. Top gainers in Nifty Bank were IndusInd Bank, Kotak Mahindra Bank, BoB, ICICI Bank and Canara Bank. Nifty closed with a  gain of 49 points at 8,673, while BSE Sensex ended with a gain of 118 points at 28,123.

On the global front, Japan’s Nikkei and China’s Shanghai Composite ended in red. Hong Kong’s Hang Seng gained 0.97%.

European shares climb for the first time in five days, rebounding from a two-week low.  The FTSE 100 trading marginally up. DAX and the CAC 40 were trading higher around 0.16% to 0.49%.

Shares of oil exploration and production companies gain on BSE after global crude oil prices rose. Cairn India soared 2% on BSE. Oil India and ONGC ended above 1% each.

India Cements rose 1.2% to Rs.126 on the BSE. The company posted a net profit of Rs.43.9 crore for the quarter ended June 30, 2016 as compared to Rs.37.8 crore for the quarter ended June 30, 2015.

Adani Ports and Special Economic Zone jumped 3% to Rs.274.40 on BSE. Around 10 lakh shares were traded in a multiple block on the BSE.

Max India jumped 7.5% to Rs.136 on BSE. Around 7 lakh shares were traded in a single block at Rs.130 on the BSE.

Sudarshan Chemical Industries advanced 0.57% to Rs.364 on BSE. Morgan Stanley Mauritius Company bought 4.08 lakh shares of the company at an average price of Rs.356.96 per share in a bulk deal on the NSE yesterday.

Gammon India jumped 8.9% to Rs.15.90.The company has won a Rs.870 crore contract from NHAI for widening of a highway in Karnataka under NHDP.

Power Grid Corporation of India climbed 4.2% to Rs.181.95 on BSE. The power company is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.

Bharti Airtel climbed 2% to Rs.352. Singtel is in pact with Temasek to acquire 21% of Intouch Holdings Public Co Ltd and 7.4% of Bharti Telecom Ltd for a total consideration of S$2.47 billion.

Alphageo India rallied 7% to Rs.793. The company said its current order book stood at Rs.1,528 crore. The company also said it is exploring offshore opportunities via partnerships.

USDINR trading down four paise at 66.80 per US dollar.

Out of 1,451 stocks traded on the NSE, 436 declined and 951 advanced today.

Top 5 Nifty Gainers: SBI (3.20%), Asian Paints (1.35%), NTPC (1.08%), BHEL (1.03%) and CIPLA (0.81%).

Top 5 Nifty Losers: Coal India (-1.42%), TCS (-1.16%), Bharti Airtel (-1.04%), HDFC (-0.81%) and Dr Reddys Lab (-0.58%)

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The Indian equity market ended in the red as indices extended losing streak to second consecutive trading session on Wednesday. Today’s major decline was led by the IT, teck, FMCG and power, stocks, while metal, basic materials, auto, pharma and banking were among the gainer. Nifty closed with a loss of 19 points at 8,624, while BSE Sensex ended with a loss of 59 points at 28,005.

On the global front, Japan’s Nikkei advanced 0.89%. Hong Kong’s Hang Seng ended in red.

European stocks edged lower ahead of the closely-watched release of the US Federal Reserve’s latest minutes. The FTSE 100 was trading down, DAX and the CAC 40 were trading lower around 0.5% each.
Reliance Communications jumped 3.3% to Rs.49.55 after the company announced the introduction of Next-Gen APP-TO-APP CALLING in the country and worldwide, launching the ‘Calling Ka Naya Tareeka’ offer for existing and new customers.
Radico Khaitan jumped 9% to Rs.101.40 on the BSE. The company recorded a rise of 25% in its net profit at Rs.21.53 crore for the quarter ended June 30, 2016 as compared to Rs.17.19 crore for the quarter ended June 30, 2015.
Zee Learn soared 11.2% to Rs.33.60 after it revised its share swap ratio for the proposed merger with Tree House at 1:1.Earlier, the companies had agreed to swap 53 shares of Zee Learn for 10 Tree House for the merger plan.
Hero MotoCorp rallied 2% to Rs.3,360 on BSE. The company said in a notice to BSE that Sunil Kant Munjal’s tenure as Joint Managing Director of the Company ends on 16 August 2016. He has also resigned from the Board of Directors of the company with effect from the same date.
Strides Shasun fell 4.7%. The company’s June quarter net profit was at Rs.41.7 crore. It clocked sales of Rs.869 crore for the period in focus, up 43% YoY.
Hathway Cable & Datacom rose 2.3% after it approved the initial public offering (IPO) of its unit GTPL Hathway Private (GTPL).
Piramal Enterprises soared 3.6% after the company announced that it has entered into an agreement to acquire a US-based CDMO.
Suzlon Energy rose 2% to Rs.16.80 after the company issued repeat order from ReNew Power Ventures, India’s leading renewable energy Independent Power Producer. The order comprises 48 units of S97 120m Hybrid Tower and 15 units of S97 90m tubular tower with a rated capacity of 2.1 MW each.
Just Dial Ltd dropped 3.5%. The company posted a net profit of Rs.38.9 crore for the quarter ended June 30, 2016 as compared to Rs.36.1 crore for the quarter ended June 30, 2015.
KNR Constructions jumped 9% to Rs.699. The company reported its net profit jumped 86.6% to Rs.30.21 crore in the quarter ended June 2016 as against Rs.16.19 crore during the previous quarter ended June 2015.
Infosys slipped 1.7% to Rs.1,033. The Royal Bank of Scotland announced last week that it will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business.
InterGlobe Aviation climbed 3.5% to Rs.857.80 after Citi upgraded the stock to “buy” from “neutral”, adding that A320 delivery concerns were unwarranted, as per media report.

USDINR trade today at 66.78 per US dollar.

Out of 1,460 stocks traded on the NSE, 611 declined and 791 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (3.02%), Bharti Airtel (1.69%), ICICI Bank (1.58%), NTPC (1.49%) and Tata Motors (1.13%).

Top 5 Nifty Losers: Coal India (-1.68%), L&T (-0.73%), Asian Paints (-0.63%), Wipro (-0.60) and Hind Unilever (-0.59%)

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.