The Indian stock market once again ended with marginal losses on Tuesday amid a highly volatile session. Market participants turned jittery ahead of the tabling of GST Bill in Rajya Sabha scheduled on Wednesday. Sentiment also was dampened tracking weakness in the European markets. Selling pressure in metal, real estate, health care and industrial stocks dragged the indices sharply from day’s high. On the other hand, FMCG, IT, consumer discretionary stocks were among the major gainers. Nifty closed with a loss of 14 points at 8,622, while BSE Sensex ended with a loss of 21 points at 27,982.

On the global front, Asian shares closed on a mixed note. The Nikkei 225 Average ended 1.49% lower. According to reports, Japanese PM Shinzo Abe’s cabinet approved 13.5 trillion yen in fiscal measures today as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending. Hong Kong’s Hang Seng and while China’s Shanghai Composite closed in green.

Indian Bank hit 20% upper circuit on the BSE. The bank has posted a net profit of Rs.3073.6 million for the quarter ended June 30, 2016 as compared to Rs.2152.8 million for the quarter ended June 30, 2015.

Tech Mahindra advanced 1.79% to Rs.498. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs.7965.40 million for the quarter ended June 30, 2016 as compared to Rs.6224.40 million for the quarter ended June 30, 2015.

J. Kumar Infra projects climbed 2.7% to Rs.219.75. The Reserve Bank of India notified that Foreign Institutional Investors (FIIs) / Registered Foreign Portfolios Investors now invest from existing 24 per cent up to 40 per cent of the paid up capital of J. Kumar Infra projects Ltd. under the Portfolio Investment Scheme (PIS).

IndiGo dropped 11% to Rs.865. The airline company registered a 7.3% decline in their profits during the first quarter from Rs.638 crore during 2015 to Rs.591 crore

Tata Communications soared 6.3% to Rs.460. The company has posted a net profit after taxes, minority interest & share profit of associates of Rs.417.8 million for the quarter ended June 30, 2016 as compared to Rs.433 million for the quarter ended June 30, 2015.

Bajaj Auto closed marginally higher after the company reported its domestic July sales at 1.98 lakh units against 1.65 lakh units a year ago; total sales at 3.29 lakh units against 3.3 lakh units a year ago.

Sun Pharmaceutical Industries slipped 1% to Rs.828 The company announced that one of its subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic version of Glumetza, Metformin Hydrochloride extended release tablets 500 mg and 1000 mg.

DFM Foods Ltd fell 8% to Rs.2,097. The company posted a net profit of Rs.2.58 crore in June quarter as compared to Rs.2.09 crore a year ago. Net sales rose to Rs.75.14 crore in the quarter against Rs.67.96 crore last year same quarter.

Delta Corp Ltd rose 1.7% to Rs.99 after the company said it posted a net profit of Rs.20.08 crore in June quarter as compared to net loss of Rs.99.73 lakh a year ago. 

USDINR trade today trading up 3 paise at 67.02 per US dollar.

Out of 1,438 stocks traded on the NSE, 1,005 declined and 394 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (1.45%), Asian Paints (1.15%), Coal India (1.14%), SBI (0.92%) and Hero Motocorp (0.80%).

Top 5 Nifty Losers: ITC Ltd (-2.00%), HDFC (-1.37%), Hind. Unilever (-1.13%), Bharti Airtel (-1.05%) and Reliance Ind. (-0.86%).

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The Indian equity market closed with marginal losses on Monday erasing all its early gains. Indices failed to surge higher led by selling pressure witnessed in the capital goods, banking, FMCG and energy stocks. ICICI Bank and L&T led the decline among the index heavyweights after posting disappointing set of first quarter earnings on Friday. Even better than expected auto sales figures by Maruti and Eicher Motors failed to cheer the sentiment on the street.Nifty closed with a loss of mere two points at 8,636, while BSE Sensex ended with a loss of 49 points at 28,003.

On the global front, Asian shares closed on a mixed note. Japan’s Nikkei and Hong Kong’s Hang Seng closed in green, while China’s Shanghai Composite dropped 1%. China’s official manufacturing purchasing managers’ index slipped below 50 in July, indicating a contraction in the nation’s factory activity for the first time in five months, as per official data.

Borosil Glass Works shares rallied 7% after it announced acquisition of around 60% stake in Klasspack.

Suven Life Sciences slipped 1.3% on BSE. The pharma company announces today that the grant of one product patent from Macau and one product patent from New Zealand corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032.

Maruti Suzuki India rallied 2.4% to Rs.4869 on BSE. The company reported its auto sales numbers today.It sold a total of 137,116 units in July 2016, growing 12.7 % over the same period of last fiscal.

USDINR trade today trading up 25 paise at 66.76 per US dollar.

Out of 1,483 stocks traded on the NSE, 910 declined and 528 advanced today.

Top 5 Nifty Gainers: ITC Ltd (2.89%), Maruti Suzuki (2.11%), Hero Motocorp (1.62%), Hind. Unilever (1.50%) and Asian Paints (1.26%).

Top 5 Nifty Losers: Wipro (-1.43%), HDFC (-1.36%), Lupin Ltd (-1.12%), Bharti Airtel (-0.63%) and Infosys Ltd (-0.63%).

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After gaining for two consecutive trading sessions, the Indian equity market closed lower on Friday. The key benchmark indices dropped in the morning trade on Friday on profit-booking by participants as the August derivatives series began on a negative note. Today’s decline was led by the telecom, consumer durables, banking, metal and realty stocks. On the other hand, auto, pharma, oil & gas and utilities stocks were among the major gainers. The Bank of Japan’s policy decision, weighed on investor sentiment too. Nifty closed with a loss of 28 points at 8,639, while BSE Sensex ended with a loss of 157 points at 28,052.

On the global front, Asian shares closed in red after the Bank of Japan kept interest rates and government bond buying unchanged after the conclusion of a two-day monetary policy meeting. The Bank of Japan expanded monetary stimulus through increase in purchases of exchange-rated funds. Japan’s Nikkei closed in green, while Hong Kong’s Hang Seng and China’s Shanghai Composite dropped between 0.5%-1.3%.

Eicher Motors rallied 6.6% to Rs.22,465.80 on BSE. The company posted a net profit after taxes and profit of joint ventures of Rs.376 crore for the quarter ended June 30, 2016 as compared to Rs.237 crore for the quarter ended June 30, 2015.

Gujarat State Fertilizers & Chemicals Ltd fell 5% to Rs.70 after the company said its net profit fell 54% in June quarter to Rs.46.30 crore as compared to Rs.100.94 crore a year ago.

Gujarat Alkalies & Chemicals Ltd jumped 13% to Rs.273. The company said its net profit for the June quarter rose 95.1% to Rs.86.26 crore as compared to Rs.44.21 crore a year ago.

Larsen & Toubro Infotech gained 1.6% to Rs.691 after it reported 34.97% rise in net profit at Rs.235.80 crore for the quarter ended June 30, 2016 against Rs.174.70 crore in the corresponding quarter a year ago.

Thirumalai Chemicals Ltd dropped 8% to Rs.333. The company said its net profit stood at Rs.20.24 crore in June quarter, up 6.08% from Rs.19.08 crore a year ago. Net sales fell 17.7% to Rs.217.77 crore.

Karnataka Bank slipped 4% to Rs.146. The bank reported a net profit of Rs.121.54 crore in June quarter, up 11.16% from Rs.109.34 crore a year ago.

Alembic Pharmaceuticals Ltd rose 2.2% to Rs.627. The company reported a net profit of Rs.103.75 crore, up 44.6% from Rs.71.67 crore a year ago. Net sales rose 4.1% to Rs.314.97 crore.

USDINR trade today trading down 2 paise at 67.05 per US dollar.

Out of 1,419 stocks traded on the NSE, 786 declined and 591 advanced today.

Top 5 Nifty Gainers: TCS (3.49%), Bajaj Auto (2.80%), Wipro (2.56%), Maruti Suzuki (2.16%) and Tata Motors (2.09%).

Top 5 Nifty Losers: ICICI Bank (-2.23%), L&T (-1.41%), Lupin Ltd (-0.76%) and Coal India (-0.21%).

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.