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%).

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The Indian stock market rallied for second consecutive session amid smooth rollovers in F&O expiry. Sentiment got a boost after the Union Cabinet cleared changes in the GST Constitutional Amendment Bill in a bid to strengthen the chances of passage of the crucial legislation that can potentially transform the tax structure by subsuming all indirect taxes and creating a single market. In addition, short covering also saw indices move higher towards the end. Nifty closed with a gain of 51 points at 8,666, while BSE Sensex ended with a gain of 184 points at 28,209.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 1%.

Indian Hume Pipe hit 20% upper circuit after it reported 311.17% rise in net profit at Rs.26 crore for the quarter ended June 30, 2016 against Rs.6.32 crore in the corresponding quarter a year ago.

Asian Paints climbed 6% to Rs.1126 after it posted 18.46% increase in consolidated net profit at Rs.552.56 crore for the first quarter ended June 30, 2016 as compared to net profit of Rs.466.42 crore in the same period of previous fiscal.

Tree House dropped 3.4% on BSE. The company reported net loss of Rs.45.48 crore, compared to Rs.18 crore profit same period last year.

Sintex Industries slipped 3.7% on BSE. The company reported 10% rise in net profit at Rs.62.78 crore for the quarter ended June 30, 2016 against Rs.56.96 crore in the corresponding quarter a year ago.

Punjab National Bank fell 2.8% after it reported 57% year-on-year fall in net profit figures at Rs.306 crore for the quarter ended June 30, 2016.

Logistic stocks closed higher on the BSE. The Union cabinet on Wednesday approved key changes to the constitution amendment bill for goods and services tax, doing away with a 1% additional levy on supply of goods, and proposing full compensation to states for five years for revenue loss arising from transition to GST.

Menon Pistons Ltd rallied 5% to Rs.155 after the company said its board approved splitting of shares of the company from Rs.10 to Rs.1 a share.

USDINR trade today trading up six paise at 67.08 per US dollar..

Out of 1,518 stocks traded on the NSE, 638 declined and 818 advanced today.

Top 5 Nifty Gainers: CIPLA (2.29%), Bajaj Auto (1.74%), Tata Steel (1.66%), Lupin Ltd (1.54%) and Sun Pharma (1.43%).

Top 5 Nifty Losers: ICICI Bank (-3.16%), Bharti Airtel (-2.59%), BHEL (-2.41%), HDFC (-1.53%) and Wipro (-1.45%)

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.