Stock markets in India witnessed selling pressure in final hour of trade to finish flat amid mixed global markets. Benchmark indices closed higher for sixth consecutive session Thursday but were off day’s high due to selling pressure in banks and Reliance Industries.

NSE Nifty closed at 8939.50 levels, up by 12.60 points or 0.14%, while BSE Sensex closed at 28892.97 levels, up by 28.26 points or 0.10%.

Asian stock markets finished lower today with shares in Hong Kong leading the region. The Hang Seng was down 0.36% while China’s Shanghai Composite was off 0.31%, and Japan’s Nikkei 225 was lower by 0.04%. European markets are mixed today. The CAC 40 is up 0.19% while the DAX 30 and the FTSE 100 are trading flat.

Idea was the top Nifty gainer whereas Grasim was the top Nifty loser in Thursday’s trading session.

Idea and Bharti Airtel contributed the most to the BSE Telecom index’s gains. BSE Telecom index closed at 1306.93 levels, up by 23.35 points or 1.82%.

Idea closed at Rs 119.80 per share, up by Rs 7.20 per share or 6.39%. Bharti Airtel closed at Rs 366.40 per share, up by Rs 5.40 per share or 1.5%. Airtel touched its fresh 52-week high of Rs 401 per share, up by Rs 40 per share or 11.1%.

Bharti Airtel entered into a definitive agreement to acquire Telenor India. The proposed acquisition will include transfer of all Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.

As a part of the agreement, Airtel will acquire Telenor India’s running operation in seven circles- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP East and West and Assam. These circles represent a high population concentration and therefore offer high potential for growth.

IT giants, TCS and Infosys lifted the BSE Information Technology index on Thursday. BSE IT index closed at 10378.56 levels, up by 173.89 points or 1.7%.

TCS closed at Rs 2481.80 per share, up by Rs 70.3 per share or 2.91%. Infosys closed at Rs 1008.85 per share, up by Rs 18.8 per share or 1.88%.

Reliance Industries Limited touched its fresh 52-week high of Rs 1222 per share, up by Rs 14.50 per share or 1.20% in the morning hours on Thursday, but slipped in further trade, witnessing profit booking. The stock closed in red at Rs 1186.80 per share, down by Rs 20.70 per share or 1.71%.

Adlabs Entertainment closed at Rs 88.25 per share, up by Rs 8.8 per share or 11.08%.

Capital Trade Links closed at Rs 32.90 per share, up by Rs 2.70 per share or 8.94%.

Indiabulls Ventures Limited closed at Rs 39.90 per share, up by Rs 3.05 per share or 8.28%.

Jindal Steel and Power Limited closed at Rs 116.75 per share, up by Rs 6.45 per share or 5.85%.

There were 699 advances, 941 declines and 273 unchanged stocks on NSE, reflecting negative undertone floating in the market.

The rupee was trading at 66.83 per US dollar.

Top 5 Nifty Gainers: Idea (6.39%), TCS (2.80%), Wipro (2.42%), Kotak Bank (1.72%) and Infosys Ltd. (1.66%).

Top 5 Nifty Losers: Grasim Industries Ltd. (-2.24%), Reliance Industries Ltd. (-1.71%), Aurobindo Pharma Ltd. (-1.58%), Bharti Infratel Ltd. (-1.26%) and Eicher Motors Ltd. (-1.25%)

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: +91-9891224488.

Stock markets in India continued to trade on a positive note in the afternoon session amid firm European markets.

Reliance Industries, which posted biggest single day gain since May 18 (2009), propelled equity benchmarks to fresh five-month highs Wednesday ahead of expiry of February derivative contracts on Thursday. However, the correction in technology and HDFC Group stocks limited gains.

NSE Nifty closed at 8926.90 levels, up by 19.05 points or 0.21%, while BSE Sensex closed at 28864.71 levels, up by 103.12 points or 0.36%.

Asian stock markets finished mixed as of their recent closing prices. The Hang Seng gained 0.99% while the Shanghai Composite was higher by 0.24%. The Nikkei 225 was even. European markets are higher today with shares in France leading the region. The CAC 40 is up 0.38% while Germany’s DAX is up 0.30% and London’s FTSE 100 is up 0.13%.

Reliance Industries Limited (RIL) was the top Nifty gainer; whereas NTPC Limited was the top Nifty loser in Wednesday’s trading session. RIL closed at Rs 1209.80 per share, up by Rs 121.60 per share or 11.17%. NTPC closed at Rs 166.30 per share, down by Rs 6.20 per share or 3.59%.

Broader markets underperformed on Wednesday. BSE Mid-cap index closed at 13506.93 levels, down by 78.40 points or 0.58%, snapping a four-day gaining streak. BSE Small-cap index closed at 13573.03 levels, down by 78.88 points or 0.58%.

Reliance Industries Limited was the star performer of the day. The stock reacted to the major announcements made by Mukesh Ambani on Tuesday where he announced that almost 7 customers have been added every second in past 170 days since Reliance Jio has been launched. Almost 100 million customers have been added in less than 170 days for Reliance Jio.

Reliance Industries Limited traded on 9-year high of Rs 1211.65 per share, up by Rs 123.45 per share or 11.34% on an intraday basis. The stock has hit Rs 1200 per share for the first time since May 19, 2009. The stock was the top open interest gainer of the day with increase in its open interest by 65.40%.

The stock has added almost Rs 39429 crore to its market capitalisation in Wednesday’s trade alone. The stock witnessed futures turnover of Rs 9002 cr in Wednesday’s trading session.

Reliance Jio Infocomm Ltd., aims at nearly Rs 1 lac cr revenue with almost 40 cr subscribers for FY18.

Axis Bank touched high of Rs 528.05 per share, up by Rs 23.7 per share or 4.69%. The stock rallied owing to rumours in the market that other private banks are planning to buy government’s stake in the Bank.

Arcotech Limited closed at Rs 730.05 per share, up by Rs 100.85 per share or 16.03%.

Stocks of HOV Services on Wednesday surged almost 15%, following the news of HOV Services combining US-based, SourceHOV & Novitex with Quinpario.

Cosmo Ferrites, today announced that the company has successfully commenced the production of LED lamps and lighting effects. Soon after the announcement by the company the stock rallied over 13% in closing hours.

CMI to issue upto 3% equity at Rs 300 per share to promoters. CMI closed at Rs 193.10 per share, up by Rs 12.95 per share or 7.19%.

There were 551 advances, 1091 declines and 271 unchanged stocks on NSE, reflecting the strong negative undertone in the market.

The rupee was trading at 66.96 per US dollar.

Top 5 Nifty Gainers: Reliance Industries Ltd. (11.17%), Idea (5.17%), Axis Bank (3.94%), Asian Paints (2.87%), and Coal India (2.63%).

Top 5 Nifty Losers: NTPC (-3.59%), Ambuja Cement (-2.39%), Power Grid (-2.35%), TCS (-2.25%) and Infosys Ltd. (-2.23%)

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: +91-9891224488.

Equity benchmarks retained its uptrend for the second consecutive session Tuesday(21st Feb. 2017), especially led by banks post Axis Bank merger talks and Reliance Industries after Reliance Jio tariff plans.

NSE Nifty closed at 8907.85 levels, up by 28.65 points or 0.32%, while BSE Sensex closed at 28761.59 levels, up by 100.01 points or 0.35%.

Nifty has managed to clock 1000 points gains since December 26, 2016. Nifty managed to close at 8900 levels in today’s trade for the first time since September 8, 2016.

Axis Bank was the top Nifty gainer; whereas Bharti Infratel was the top Nifty loser on Tuesday. Axis Bank closed at Rs 506.75 per share, up by 5.34%. Bharti Infratel closed at Rs 295.60 per share, down by 4.26%.

Broader markets outperformed the major indices in Tuesday’s(21st Feb. 2017) trading session. BSE Mid-cap index closed at 13585.33 levels, up by 70.84 points or 0.52%; while BSE Small-cap index closed at 13651.91 levels, up by 62.28 points or 0.46%.

BSE Mid-cap index touched record high of 13601.42 levels, up by 86.93 points or 0.64%. Jindal Steel & Power Limited was the top gainer in the Mid-cap index, and closed at Rs 109.50 per share, up by Rs 9.30 per share or 9.28%.

Nifty Bank Index closed at record high of 20860.95 levels, up by 183 points or 0.89%.

Bank of Maharashtra from the bunch of small-cap index stocks surged in the closing hours on Tuesday, to close at Rs 37.25 per share, up by Rs 4.70 per share or 14.44%.

Telecom companies traded under pressure after Reliance Industries’ chairman, Mukesh Ambani said that Reliance Jio has crossed the 100 million customers mark in just 170 days. Reliance Jio’s voice plans will remain free of cost even after March 31, 2017. But from April 1, 2017 data consumption will be charged.

Raymond Limited closed at Rs 570.35 per share, up by Rs 67.45 per share or 13.41%.

Man Industries (India) Ltd., closed at Rs 51.35 per share, up by Rs 5.65 per share or 12.36%.

Ujaas Energy Limited closed at Rs 36.55 per share, down by Rs 4.95 per share or 11.93%.

Bharti Airtel closed at Rs 360.55 per share, down by Rs 15.10 per share or 4.02%.

There were 908 advances, 699 declines and 305 unchanged stocks on NSE, reflecting a strong positive bias floating in the market. 71 stocks touched their fresh 52-week highs; whereas 12 stocks touched their fresh 52-week lows on NSE in Tuesday’s trading session.

Top 5 Nifty Gainers: Axis Bank (5.34%), Aurobindo Pharma Ltd. (2.24%), Tech Mahindra Ltd. (1.67%), Asian Paints (1.58%), and HDFC (1.41%).

Top 5 Nifty Losers: Bharti Infratel Ltd. (-4.26%), Bharti Airtel Ltd. (-3.86%), Tata Power Company Ltd. (-1.64%), TCS (-1.63%) and ITC (-1.18%)

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: +91-9891224488.