The Indian equity market snapped four-day losing streak and ended higher on Thursday thanks to late buying momentum seen in the realty, auto, telecom and power stocks. The clearance of the GST bill in the Rajya Sabha failed to boost the indices higher indicating that the big event was already factored in. Nifty closed with a gain of mere 6 points at 8,551, while BSE Sensex ended with a gain of 17 points at 27,714.

On the global front, Japan’s Nikkei closed in green, while Hong Kong’s Hang Seng and China’s Shanghai Composite gained 0.4%.

Tata Motors rallied 4.4% to Rs.500.30 after strong July US JLR sales. Jaguar Land Rover sold 9,473 vehicles in July, with a growth of 51.5% compared with 6,253 vehicles in same period last year driven by Jaguar’s recent launches XE, F-Type.

Punj Lloyd jumped 4% to Rs.20.50 after the company informed BSE that Pt Engineering Ltd, subsidiary of the Company has sold its entire shareholding in its wholly owned subsidiary registered in United Kingdom viz Simon Carves Engineering Limited to Engineers and Constructors International, Inc.

Cadila Healthcare soared 6% to Rs.368. The company posted a net profit after taxes, minority interest and share of profit of associates and joint ventures of Rs. 3562 million for the quarter ended June 30, 2016 as compared to Rs. 4602 million for the quarter ended June 30, 2015.

Bata India fell 4.4% to Rs.529 on BSE after net profit drop 44% to Rs.50.49 crore on 1.01% decline in total income to Rs.685.69 crore in Q1 June 2016 over Q1 June 2015.

Hawkins Cookers jumped 6.3% after the company reported 94.86% rise in net profit at Rs.9.86 crore for the quarter ended June 30, 2016 against Rs.5.06 crore in the corresponding quarter a year ago.

Ramco Systems shares slid over 16% after the company reported 69.51% fall in net profit at Rs.0.90 crore for the quarter ended June 30, 2016 against Rs.2.95 crore in the corresponding quarter a year ago.

Prakash Industries gained 2.8% after the company secured a Coal Linkage of 53,500 MT per annum for the next 5 years at the base price from South Eastern Coalfields (SECL) in Chhattisgarh. This Linkage is expected to provide long term stability and cost savings in the Company’s Captive Power Plant.

Arvind climbed 3.6% after it reported 11.32% rise in its net profit at Rs.87.45 crore for the quarter ended June 30, 2016 as compared to Rs.78.56 crore for the same quarter in the previous year. The company’s total income increased by 12.13% to Rs.1,489.47 crore for the quarter under review from Rs.1,328.29 crore for the corresponding quarter of the previous year.

Natco Pharma advanced 3.8% to Rs.629 after the company said in a notice to BSE that it received final approval for Generic Tamiflu.

Pricol rose 12.8% to Rs.120 after the company said it reported a net profit of Rs.22.18 crore in June quarter as compared to Rs.1.64 crore a year ago.

Tribhovandas Bhimji Zaveri Ltd 3% to Rs.68 after the company posted 8.8% decline in standalone net profit at Rs.2.47 crore in June quarter as compared to Rs.2.74 crore a year ago.

A total of 32 stocks registered a fresh 52-week high in trades today, whereas 21 stocks touched a new 52-week low on the NSE.

Some of the prominent stocks to log a fresh 52-week high during intra-day are Adhunik Industries Limited, Agri-Tech (India) Limited, Asian Paints Limited, Banco Products (I) Limited, Bannari Amman Spinning Mills Limited, Bedmutha Industries Limited, Birla Cotsyn (India) Limited, Blue Star Limited, Dhampur Sugar Mills Limited, Edelweiss Financial Services Limited, Energy Development Company Limited, Euro Ceramics Limited Garware Wall Ropes Limited, GOCL Corporation Limited, Goldstone Technologies Limited, Gulf Oil Lubricants India Limited, Havells India Limited, Indraprastha Gas Limited.

Indian Bank, Infibeam Incorporation Limited, Jai Balaji Industries Limited, Mahamaya Steel Industries Limited, Manaksia Industries Limited, Natco Pharma Limited, Quess Corp Limited, Shalimar Paints Limited, Shriram Pistons & Rings Limited Sundaram Clayton Limited Tube Investments of India Limited, Viji Finance Limited, Welspun Investments and Commercials Limited, Yes Bank.

Birla Cotsyn (India) Limited, BS LIMITED, Global Offshore Services Limited, J.Kumar Infraprojects Limited,Kalyani Investment Company Limited,KSS Limited,KSK Energy Ventures Limited, Max India Limited, United Spirits Limited, Mindteck (India) Limited, Mold-Tek Technologies Limited.

USDINR trade today down three paise at 66.96 per US dollar.

Out of 1,330 stocks traded on the NSE, 605 declined and 687 advanced today.

Top 5 Nifty Gainers: BHEL (3.14%), ICICI Bank (2.43%), Axis Bank(2.24%), SBI (2.15%) and Tata Steel (1.80%).

Top 5 Nifty Losers: Infosys Ltd. (-0.30%) and Sun Pharma (-0.29%).

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.

Stock market in India ended with sharp cuts on Wednesday as the government introduced the GST bill in the parliament.

Market participants preferred to take some money off the table. Today’s decline was led by the FMCG, IT, realty, industrial, power and finance stocks. Even the banking stocks joined the sell off in late trades. On the other hand, Metal and telecom stocks were among the major gainers. Weak global cues too dragged the sentiment on he street. Nifty closed with a loss of 78 points at 8,545, while BSE Sensex ended with a loss of 284 points at 27,697.

On the global front, Asian shares closed on a mixed note. The Nikkei 225 Average ended 1.92% lower. Hong Kong’s Hang Seng dropped 1.8% and while China’s Shanghai Composite closed in green.

HCL Technologies ended 3.1% higher to Rs.825. The company posted a net profit after tax, minority interest and share of profit of associates of Rs.20552 million for the quarter ended June 30, 2016. Total Income is Rs.115595.90 mn for the quarter ended June 30, 2016.

Delta Corp rallied 8.85% to Rs.108.20. The company experienced a spurt in volumes by more than 6.11 times.

Saregama India ended 5% lower to Rs.262 after the company said its net profit for June quarter drop 33.1% to Rs.1.76 crore as compared to Rs.2.63 crore a year ago.

EIH closed 4% lower to Rs.111.50 on BSE. The company reported net loss of Rs.12.24 crore for Q1 June 2016 as against net profit of Rs.21.15 crore for Q1 June 2015.

USDINR trade today trading down 23 paise at 66.96 per US dollar.

Out of 1,515 stocks traded on the NSE, 1,131 declined and 336 advanced today.

Top 5 Nifty Gainers: Tata Motors (3.41%), Tata Steel (2.38%), Bajaj Auto (1.70%), Hero Motocorp (1.69%) and Sun Pharma (1.25%).

Top 5 Nifty Losers: Lupin Ltd (-1.41%), ICICI Bank (-0.95%), Reliance Ind. (-0.66%), ITC Ltd. (-0.59%) and Infosys Ltd. (-0.53%).

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.

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%).

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.