Share markets in India continued the rally and headed for a firm close on positive GDP data for the December quarter and favorable Asian cues.

Equity benchmarks snapped two-day losing streak and gained strength on Wednesday after Q3 GDP data surprised economists, backed by banking & financials, FMCG, metals and pharma stocks. Global cues, too, were positive after investors digested US President Donald Trump’s address to Congress.

NSE Nifty closed at 8,945 levels, up by 6.2 points or 0.8%, while BSE Sensex closed at 28,984.49 levels, up by 241 points or 0.8%.

Asian equity markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 was up 1.44% while China’s Shanghai Composite ended up 0.16% and Hong Kong’s Hang Seng was up 0.15%. European markets are higher today with shares in Germany leading the region. The DAX is up 1.38% while France’s CAC 40 is up 1.25% and London’s FTSE 100 is up 0.87%.

Tata Steel was the top Nifty gainer and Idea was the top Nifty loser. Tata Steel closed at Rs 500 per share, up by 3.6%. Idea closed at Rs 112.7 per share, down by 2.7%.

Broader markets performed in-line with the major indices in the markets. BSE Mid-cap index closed at 13,569.6 levels, up by 17.3 points or 0.13%. BSE Small-cap index closed at 13,753 levels, up by 62 points or 0.45%.

Nifty Metal index, Nifty Mid-cap index and Nifty Small-cap index touched their record highs in Wednesday’s trading session.

Eicher Motors closed at Rs 23,670 per share, down by 2%. Escorts closed at Rs 456 per share, up by 1.6%. Ashok Leyland on Wednesday posted its auto sales data for the month of February. The automobile company closed at Rs 89 per share, down by 1.4% while, Mahindra and Mahindra closed at Rs 1,350 per share, up by 3.3%.

Amtek Auto closed at Rs 38.7 per share, up by 1.6%. The company will consider the issue of Rs 2.35 crore to two of its promoters namely Amtek Laboratories and Aisa International on a preferential basis. The share will be issued to the promoters at Rs 50 per share, inclusive of premium of Rs 48 per share.

Monnet Ispat soared on bourses on Wednesday even as the reports of acquisition of stakes by SAIL in the company emerged. The stock closed at Rs 35.9 per share, up by 6.6%.

The leader in the passenger car segment-Maruti Suzuki has also declared its February sales number. The total sales number, which includes the domestic plus exports has increased by 11% in February 2017, as compared to the numbers in February 2016. The stock closed at Rs 5,921 per share, down by Rs 1.85 per share or 0.03%.

D-Link subsidiary TeamF1 & Rel Jio is planning to launch fixed line digital services. Its stock surged over 14% and managed to close at Rs 141 per share, up by 14%.

Among small-cap stocks, Neuland Labratories closed at Rs 1,100 per share, up by Rs 183 per share or 20%.

Tata Teleservices (Maharashtra) closed at Rs 9 per share, up by Rs 1 per share or 19%.

Jaypee Infratech closed at Rs 13 per share, up by Rs 1 per share or 17%.

Sobha closed at Rs 336 per share, up by Rs 465 per share or 15%.

The broader markets underperformed benchmarks, with the Nifty Midcap rising over 0.3 percent as the gap between advances and declines narrowed. About 1630 shares gained against 1220 declining shares on the BSE.

The rupee was trading at 68.82 per US dollar.

Top 5 Nifty Gainers: Tata Steel (3.59%), Hindalco Industries Ltd. (3.15%), Kotak Bank (2.72%), M&M (2.59%) and Sun Pharma Ltd. (2.40%).

Top 5 Nifty Losers: IDEA (-2.72%), Eicher Motors Ltd. (-1.87%), NTPC (-1.75%), BPCL (-1.59%) and Tata Motors (-1.59%)

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Indian share markets continued to trade range bound in the afternoon session amid mixed global indices.

Equity benchmarks closed lower for second consecutive session Tuesday, dragged by further profit booking private banking & financials, auto and FMCG stocks. Overall it was another consolidation day for the market as investors were cautious ahead of Q3 GDP data and US President’s speech.

NSE Nifty closed at 8878 levels, down by 18 points or 0.2%, while BSE Sensex closed at 28743 levels, down by 69 points or 0.2%.

Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.40% and the Nikkei 225 rose 0.06%. The Hang Seng lost 0.77%. European markets are lower today with shares in Germany off the most. The DAX is down 0.11% while London’s FTSE 100 is off 0.04% and France’s CAC 40 is lower by 0.01%.

BHEL was the top Nifty gainer, whereas BPCL was the top Nifty loser in Tuesday’s trading session.

Broader markets outperformed the major indices in Tuesday’s trading session. BSE Mid-cap index closed at 13552 levels, up by 18 points or 0.1%; while BSE Small-cap index closed at 13698 levels, up by 88 points or 0.6%.

Economic Affairs Secretary said on Tuesday that all states have agreed and the GST bill will be implemented by July 1. Soon after the announcement major Logistics’ stocks were buzzing on bourses. Gati was up by 8.2%, Snowman Logistics was up by 7.2%, VRL Logistics was up by 5.9% and Transport Corporation was up by 5.1%. Gati closed at Rs 129.7 per share, up by Rs 6.3 or 5.1%.

Manali Petrochemicals spiked by 12.4% in the BSE Small-cap index as government is likely to levy anti-dumping duties of upto USD 135.4 per tonne on imports of a chemical used in foam making, which comes from Thailand. The stock closed at Rs 41.4 per share, up by Rs 5.9 or 16.7%.

Transformers and Rectifiers India is having a profitable day on the bourses. The stock of the company has zoomed 8% intraday. The stock closed at Rs 399.3 per share, up by Rs 7.3 or 1.8%.

Bajaj Finserv Limited touched its record 52-week high of Rs 4005 per share, up by Rs 183.8 per share or 4.8%. The stock closed at Rs 3976 per share, up by Rs 139.4 or 3.6%.

Lincoln Pharmaceuticals from the bunch of small-cap stocks closed at Rs 244.5 per share, up by Rs 40.7 per share or 20%.

Tata Teleservices (Maharashtra) closed at Rs 8.02 per share, up by Rs 1.3 per share or 19.8%.

Adhunik Industries closed at Rs 123.9 per share, up by Rs 17.1 per share or 16.0%.

Reliance Communications closed at Rs 38.8 per share, up by Rs 2.1 per share or 5.8%.

There were 807 advances, 651 declines and 66 unchanged stocks on NSE, reflecting negative undertone floating in the market.

The rupee was trading at 66.69 per US dollar.

Top 5 Nifty Gainers: BHEL (6.09%), Bharti Airtel (3.61%), Asian Paints (2.38%), Yes Bank (2.12%) and Hindalco Industries Ltd. (1.96%).

Top 5 Nifty Losers: Grasim Industries Ltd. (-3.36%), BPCL (-2.72%), Coal India (-2.47%), Tech Mahindra Ltd. (-1.74%) and Bajaj Auto Ltd. (-1.57%)

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Share markets in India finished the day marginally lower owing to weak global cues.

Equity benchmarks snapped six-day winning streak on Monday, with the Nifty closing below 8900 level on account of profit booking in banks, telecom and auto stocks. However, the consistent rally in index heavyweight Reliance Industries capped losses.

NSE Nifty closed at 8896.70 levels, down by 42.80 points or 0.48%, while BSE Sensex closed at 28812.88 levels, down by 80.09 points or 0.28%.

Asian equity markets finished lower today with shares in Japan leading the losses. The Nikkei 225 was down 0.91% while China’s Shanghai Composite is off 0.76% and Hong Kong’s Hang Seng is lower by 0.17%. European stock markets are higher today with shares in London leading the region. The FTSE 100 is up 0.22%, the CAC 40 is flat, and and Germany’s DAX is up 0.12%.

Axis Bank Limited closed at Rs 509 per share, down by Rs 18.65 per share or 3.53%. ICICI Bank and Axis Bank were the biggest contributors to the Sensex losses.

Reliance Industries Limited was the top Nifty gainer, whereas Idea Cellular Limited was the top Nifty loser in Thursday’s trading session.

Reliance Industries Limited extended its gains, touching fresh 52-week high of Rs 1256.80 per share, up by Rs 74.05 per share or 6.26%.

ONGC may acquire HPCL in Rs 44000 cr deal. HPCL’s current market capitalisation is Rs 57000 cr. ONGC may buy Govt’s entire 51.1% stake in HPCL.

BSE Mid-cap index closed at 13533.78 levels, up by 1.67 points or 0.01%; while BSE Small-cap index closed at 13609.88 levels, up by 22.10 points or 0.16%.

Lumax Industries Limited closed at Rs 1362 per share, up by Rs 139.15 per share or 11.38%.

Vijaya Bank closed at Rs 73.20 per share, up by Rs 7.25 per share or 10.99%.

Wockhardt Limited closed at Rs 756.80 per share, up by Rs 51.25 per share or 7.26%.

Jindal Steel & Power Limited closed at Rs 124.40 per share, up by Rs 7.65 per share or 6.55%.

There were 701 advances, 951 declines and 272 unchanged stocks on NSE, reflecting negative undertone floating in the market.

The rupee was trading at 66.70 per US dollar.

Top 5 Nifty Gainers: Reliance Industries Ltd. (4.63%), Aurobindo Pharma Ltd. (2.03%), Wipro (1.00%), Coal India (0.73%) and Lupin Ltd. (0.69%).

Top 5 Nifty Losers: Idea (-4.72%), Axis Bank (-3.61%), Power Grid Ltd. (-3.46%), Bharti Infratel Ltd. (-3.07%) and Zee Entertainment Ltd. (-2.67%)

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