Stock market in India ended with modest gains on Wednesday amid a highly volatile trading session. Indices slipped sharply lower in the first half with the Nifty slipping below the 8600 mark. However as the day progressed benchmarks stabilized and staged a smart recovery in the last half an hour led by gains in the telecom, auto, telecom and banking stocks. The pharma, FMCG, consumer durables and realty stocks. Nifty closed with a gain of 25 points at 8,616, while BSE Sensex ended with a gain of 48 points at 28,024.

On the global front, Asian shares closed mixed. Japan’s Nikkei and Hong Kong’s Hang Seng gained between 0.50%-1% while China’s Shanghai Composite closed in red.

Dabur gained 1.4% after the company reported 11.8% rise in net profit at Rs.292.80 crore for the quarter ended June 30, 2016 against Rs.261.84 crore in the corresponding quarter a year ago.

Zee Entertainment rose 2.8% to Rs.487 on BSE. The company has posted a net profit of Rs.1703.60 million for the quarter ended June 30, 2016 as compared to Rs.1376.80 million for the quarter ended June 30, 2015.

Dr Reddys Laboratories dropped 10% to Rs.2988 on BSE. The country largest car maker will start selling its first light commercial vehicle (LCV) – Super Carry towards the end of August. The company has posted a net profit after taxes and share of profit of associates of Rs.1535 million for the quarter ended June 30, 2016 as compared to Rs.6474 million for the quarter ended June 30, 2015.

Maruti Suzuki India advanced 1.6% to Rs.4559 on BSE. The company has posted a net profit of Rs.14,862 million for the quarter ended June 30, 2016 as compared to Rs.12,081 million for the quarter ended June 30, 2015.

Shree Renuka Sugars soared 11% after the company has informed BSE that under the Judicial Protection Law (11.101/2005 Recuperacao Judicial), the designated court in Sao Paulo, Brazil has on July 26, 2016, approved the Re-organisation Plan of the Company’s subsidiary viz., Renuka Vale do Ivai S/A (Renuka VDI).

Adf Foods rallied 13% to Rs.109 on BSE. The company experienced a spurt in volumes by more than 24.45 times. The company’s has approved a buyback of Equity Shares at a price not exceeding INR 125 per equity share of Rs. 10/- each for an aggregate amount not exceeding INR 18 crore.

Ingersoll-Rand (India) Ltd jumped 5% to Rs.756 after the company reported its net profit at Rs.15.8 crore for the quarter ended June 30, 2016 as compared to Rs.7.2 crore for the quarter ended June 30, 2015.

Ambuja Cements slipped 1% to Rs.267 on BSE. The company has posted a net profit of Rs.3995.10 million for the quarter ended June 30, 2016 as compared to Rs.2263.50 million for the quarter ended June 30, 2015.

PI Industries climbed 3.4% to Rs.762. The company has posted a net profit of Rs.1268.60 million for the quarter ended June 30, 2016 as compared to Rs.858.70 million for the quarter ended June 30, 2015.

Educomp Solutions Limited surged 5.5% to Rs.14.05 after the company has accorded its approval to divest its entire shareholding in Vidya Mandir Classes Limited (being 67% shareholding of VMCL), a subsidiary of the Company and Educomp Learning Hour Private Limited, a step down subsidiary of the Company (hereinafter collectively referred to as the “Sale Share”)- by executing the share purchase agreement dated July 25, 2016 with the buyer.

USDINR trade today trading up nine paise at 67.18 per US dollar.

Out of 1,494 stocks traded on the NSE, 720 declined and 717 advanced today.

Top 5 Nifty Gainers: Asian Paints (7.41%), Maruti Suzuki (1.58%), SBI (1.12%), Coal India (1.09%) and ITC Ltd (0.95%).

Top 5 Nifty Losers: Tata Steel (-1.92%), L&T (-1.26%), Infosys Ltd (-0.92%), Hind. Unilever (-0.50%) and Wipro (-0.47%)

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After a strong rally in the previous session, indices failed to carry forward the momentum on Tuesday. Indices that held firm throughout the day slipped sharply in the last hour amid a sudden bout of selling witnessed in the realty, auto, health care and banking stocks. Sentiment was hit after index heavyweight Dr Reddy’s Labs announced disappointing quarterly earnings. The stock dropped 4.4% as it posted a net profit of Rs.4091 million for the quarter ended June 30, 2016 as compared to Rs.4934 million for the quarter ended June 30, 2015. Nifty closed with a loss of 45 points at 8,591, while BSE Sensex ended with a loss of 119 points at 27,977.

On the global front, Asian stocks closed on mixed note. Japanese stocks edged lower as expectations receded with regard to the government’s soon-to-be announced fiscal stimulus package. The Nikkei 225 Average closed down 1.45%. The Shanghai Composite index and Hong Kong’s Hang Seng index closed up.

Amtek Auto surged 7.5% to Rs.51.60 on BSE. The company expanded its planned asset sale to include additional overseas businesses as it looks to reduce leverage, as per media reports.

KG Denim climbed 7% to Rs.98 on BSE. The company reported 481.25% increase in net profit at Rs.9.30 crore for the quarter ended June 30, 2016 against Rs.1.60 crore in the corresponding quarter a year ago. During the quarter under review, EBITDA were at Rs.23.5 crore compared with Rs.15.9 crore.

Claris Lifesciences slipped 1.8% to Rs.246 on the BSE after the company announced that it has received Abbreviated New Drug Application (ANDA) approval for Bupivacaine injection.

Himalya International hit 20% upper circuit at Rs.10.96 on BSE.The company reported net loss at Rs.0.4 crore for the quarter ended June 30, 2016 as compared to Rs. 3.5 crore for the quarter ended June 30, 2015. The company’s total income has increased by 15.1% at Rs.28.9 crore for the quarter against Rs.25.1 crore in the corresponding quarter of the previous year.

Bajaj Finance jumped 9.7% to Rs.9,853 after the company posted a net profit of Rs.424 crore for the quarter ended June 30, 2016 as compared to Rs.276 crore for the quarter ended June 30, 2015. The company’s total income has increased from Rs.1655.8 crore for the quarter ended June 30, 2015 to Rs.2301.1 crore for the quarter ended June 30, 2016.

Sobha zoomed 3.7% to Rs.334.65 after the real estate company said it had bought back 17.59 lakh shares of the company from existing shareholders for Rs.58 crore.

PNC Infratech gained 1.5% to Rs.565. The company bagged a project worth Rs.232.91 crore for four-laning of a road in Uttar Pradesh.

USDINR trade today trading up six paise at 67.29 per US dollar.

Out of 1,472 stocks traded on the NSE, 994 declined and 433 advanced today.

Top 5 Nifty Gainers: ICICI Bank (3.78%), Maruti Suzuki (2.74%), BHEL (2.07%), HDFC (1.99%) and SBI (1.81%).

Top 5 Nifty Losers: Dr. Reddys Lab (-8.81%), Tata Steel (-0.72%), Bajaj Auto (-0.57%), Lupin Ltd (-0.43%) and Axis Bank (-0.12%)

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The Indian stock market ended with smart gains on Monday as the Sensex hit its highest level in more than a week while the Nifty hit its highest level in more than 11 months. Recent under-performers such as Infosys and State Bank of India recovered on improved sentiment following assurances from global policymakers on the need to boost growth. In addition, better than expected monsoon season has lifted the sentiment across the board. Nifty closed 94 points higher at 8,636 points, while BSE Sensex ended with a gain of 292 points at 28,095.

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

PSU oil stocks rallied on BSE. According to media reports, the government is also evaluating if the consolidated entity can include all non-corporate government bodies in the oil sector such as Oil Industry Development Board (OIDB), Petroleum Planning and Analysis Cell (PPAC) and Petroleum Conservation Research Association. HPCL climbed 4.2%. IOC, ONGC, BPCL ended over 2% each.

Dr Reddy’s Laboratories tumbled 3.6%. The company will announce its Q1 results tomorrow.

Paper stocks rallied on the Bombay Stock Exchange. Seshasayee Paper & Boards hit 20% upper circuit at Rs.381.The company posted net profit increased by 347.50% to Rs.24.12 crore in the quarter ended June 2016 as against Rs.5.39 crore during the previous quarter ended June 2015.

Vedanta gained 1.7% after announcing a revised offer for taking over its group firm Cairn India.

Tata Metaliks tumbled 4.2% despite reporting a 25% increase in consolidated net profit for the first quarter ended June.

Hindustan Unilever advanced 0.43% on a report it plans to launch a range of baby care products under its Dove brand in the next few months.

IL&FS Engineering and Construction Company soared 7% on winning the Rs 532.67 crore Nagpur Metro Rail Project.

Rallis India climbed 4.4% to Rs.218. The company has posted a net profit after tax of Rs.174.2 crore for the quarter ended June 30, 2016 as compared to Rs.42.39 crore for the quarter ended June 30, 2015.

KSB Pumps dropped 4.4% to Rs.703 on BSE. The company recorded decline of 27.9% in its net profit at Rs.16 crore for the quarter ended June 30, 2016 as compared to Rs.22.2 crore for the quarter ended June 30, 2015. The company’s total income has increased by 1.7% at Rs.203.6 crore for the quarter against Rs.200 crore in the corresponding quarter of the previous year.

Alok Industries rose 1.7% to Rs.4.24. The company is considering restructuring of over Rs.18,000 crore debt under S4A (scheme for sustainable structuring of stressed assets), as per media reports.

USDINR trade today trading down 19 paise at 67.27 per US dollar.

Out of 1,5397 stocks traded on the NSE, 414 declined and 941 advanced today.

Top 5 Nifty Gainers: Tata Steel (2.43%), Axis Bank (2.16%), Reliance Ind. (1.11%), Adani Ports & Sez (0.84%) and CIPLA (0.84%).

Top 5 Nifty Losers: Lupin Ltd (-1.12%), Hero Motocorp (-1.09%), Coal India (-0.84%), ICICI Bank (-0.82%) and Asian Paints (-0.76%)

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.