Indian equity market moved in a range on Wednesday as gains in telecom stocks over spectrum auctions were offset by a sharp fall in Hindalco Industries over an investigation into the allocation of coal blocks. Frontline index Nifty and Sensex ended at 8,699.95 down by 12 points and 28,659.17 plunged 50 points respectively.

Telecom stocks such as Bharti Airtel gained after operators were seen as having successfully secured most of their spectrum needs at the ongoing auction of mobile airwaves.

However, Hindalco Industries fell to its lowest since May 5, 2014 after a court summoned billionaire Kumar Mangalam Birla, chairman of Aditya Birla Group to which Hindalco belongs and former Prime Minister Manmohan Singh.

The summons were related to the allocation of coal blocks to Hindalco during the previous Congress government, which were later overturned by the supreme court. Hindalco declined to comment.

Among the sectorial indices of NSE, CNX Metal (-1.69%), CNX Pharma (-0.92%) and CNX PSU Bank (-0.69%) were top losers while CNX Realty (0.58%), CNX Finance (0.10%) and CNX Auto (0.06%) were top gainers of the day.

Out of the 50 stocks of Nifty 19 stocks ended in green while 31 ended in red.

Meanwhile USDINR pair ended the day with gain of 2 paisa at 62.78.

Top 5 Nifty Gainers: Bharti Airtel (5.99%), NTPC (3.10%), Tech Mahindra (2.82%), M&M (2.26%) and Kotak Bank (2.09%)

Top 5 Nifty Losers: Hindalco (-5.11%), Cairn (-2.88%), Sesa Sterlite (-2.78%), Tata Steel (-1.87%) and BOB (-1.81%)

Now you can try our mini full length practice test question bank containing 300 questions for NISM Series – VIII Equity Derivatives and IRDA IC-33 Life Insurance Advisor Examination. All these tests are framed as per the specified rules of NISM and IRDA and provide real-time test environment. For more information call +91-9582000102.

Indian Equity market pared all its early trae gains in afternoon trade with the Sensex falling 213 points to 29,380.73 and the Nifty losing 73 points to 8,992.65. All the sectoral indices, barring healthcare, are in the red with oil & gas and rate-sensitive sectors leading the fall. However, pharma maintained its strong uptrend. Both Sensex and Nifty had risen nearly 3 per cent in the previous four sessions on Budget announcements, which were mostly viewed positively by market participants.

In early trade, the Sensex had breached the 30,000 for first time and hits the fresh high of 30,024.74 by gaining over 400 points and the Nifty, touched life high of 9,119.20 after the Reserve Bank of India governor Raghuram Rajan in a surprise move decided to cut repo rate by 25 basis points.

The INR remained under pressure due to dollar demand and ended the day at 62.25 down by 33.5 paisa.

Among the sectorial indices of NSE CNX PSU Bank (-3.04%) witnessed the major selling pressure followed by CNX Metal (-2.57%) and Bank Nifty (-1.59%). CNX Pharma (1.32%) and CNX FMCG (0.40%) were only gainers of the day.

Out of the 50 stocks of Nifty 8 shares ended in green and 41 ended in red.

Top 5 Nifty Gainers: Sun Pharma (6.57%), DLF (1.85%), ITC (1.04%), HCL (0.43%) and HDFC (0.29%).

Top 5 Nifty Losers: Sesa Sterlite (-4.75%), NMDC (-4.34%), BOB (-3.74%), CAIRN(-3.71%) and Hindalco (-3.59%)

To clear the NISM Series-VII Securities Operations & Risk Management Certification Examination try our comprehensive question bank containing more than 800 questions in form of chapter-wise and full length tests. For more information call +91-9582000102.

Indian equity market rallied for the the fourth consecutive day on Budget optimism. Nifty hits the all time high by breaching the psychological level of 9,000 to 9,006. BSE’s 30 Shares Index Sensex ends the day at 29,593.73 surged by 134.59 points while Nifty ends at 8,996.25  up by 39.50 points.The Nifty has now gained around 300 points or over 3 per cent since Friday. The Sensex is up over 800 points in the last four sessions.

Today’s rally, however, was driven by Reliance Industries, one of the most influential stocks in the Nifty. RIL shares gained nearly 4.4 per cent after CLSA said the conglomerate could report a record profit for the fourth quarter.

Indian Rupee ends the day at 61.9150 down by 5 paisa against US Dollar.

Among the sectorial indices of NSE CNX Energy (1.72%), CNX IT (1.55%) and CNX PSU Bank (1.41%) were the top gainers while CNX Realty (-1.53%), CNX Auto (-1.02%) and CNX Metal (-0.61%) were the top losers.

Out of the 50 stocks of Nifty 29 stocks ended in positive terrain and 21 in negative terrain.

Top 5 Nifty Gainers: TCS (4.33%), Reliance (4.15%), BOB (3.34%), Jindal Steel (2.81%) and PNB  (2.65%)

Top 5 Nifty Losers: M&M (-3.74%), Axis Bank (-2.31%), Tata Motors (-2.05%), DLF (-1.97%) and Ambuja Cement (-1.91%)

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.