The Indian equity market ended with smart gains amid a highly volatile session. After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, a sudden bout of buying in the oil and gas, energy, pharma, IT, metals stocks lifted the benchmarks. On the other hand, FMCG, consumer durables, banking and realty stocks were under pressure. Nifty closed with a gain of 20 points at 8,529, while BSE Sensex ended with a gain of 41 points at 27,788.

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 1.3%.

MindTree slumped 8.4% to Rs.562.The company reported a consolidated net profit of Rs. 123.5 crore for the quarter ended 30th June, 2016 registering a decline of 7.14% qoq and 3.74% yoy.

Ashoka Buildcon jumped 4.3% after the company received Letter of Award (LOA) from National Highways Authority of India (NHAI) for the Project viz. Request for Proposal For “Two/Four laning with paved shoulders of Govindpur (Rajgunj)-Chas-West Bengal Border section of NH-32 in the State of Jharkhand on NHDP Phase – IV on EPC mode.

JSW Energy zoomed 1.4% to Rs.81.30. JSW Energy agreed to acquire the 500 MW (2X250 MW) thermal power plant located at Bina in Madhya Pradesh.

Jaiprakash Power Ventures soared 5.4% Rs.6.40. The company posted a net loss of Rs.1961.60 million for the quarter ended June 30, 2016 where as the net profit was at Rs.669.60 million for the quarter ended June 30, 2015.

HUL dropped 2.7% to Rs.895. The company’s standalone revenue stood at Rs.8218.18 crore, rising 5.27% qoq and 3.62% yoy. The company is aiming to become the largest e-commerce player in the grocery/FMCG segment soon.

Idea Cellular jumped 2.4% to Rs.106 after the company slashed the rates of its 4G, 3G BIG Internet packs by upto 67%.

Camlin Fine Sciences surged 3.8% to Rs.95. The company said that State Level Environment Impact Assessment Authority, Gujarat, has granted environment clearance to set up a manufacturing facility for hydroquinone /catechol and its downstream products at the Dahej SEZ. It had investment plans of Rs.180 crore for the unit.

USDINR trade today trading four paise at 67.16 per US dollar.

Out of 1,420 stocks traded on the NSE, 840 declined and 618 advanced today.

Top 5 Nifty Gainers: Coal India (2.52%), GAIL (2.10%), BHEL (1.83%), Dr Reddys Lab (1.60%) and Hero MotoCorp (1.45%).

Top 5 Nifty Losers: Wipro (-3.14%), ICICI Bank (-1.15%), Tata Motors (-1.06%), HDFC (-0.80%) and Maruti Suzuki (-0.63%)

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Wiping out most of its early gains the Indian stock market closed lower on Monday. The NSE Nifty fell below the crucial 8,500 mark during trades as profit booking emerged after benchmark indices hit fresh 2016 highs. Selling pressure was seen in telecom, realty, energy, metal, oil and gas, capital goods, utilities and consumer durables stocks, only auto and IT stocks ended in the green on the BSE. Nifty closed with a loss of 33 points at 8,509, while BSE Sensex ended with a loss of 90 points at 27,747.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index closed marginally lower. Hong Kong’s Hang Seng index and Nikkei 225 gained ended higher by 0.66% each.

HUL dropped 2% to Rs.920. The company posted a net profit of Rs.11739.00 million for the quarter ended June 30, 2016 as compared to Rs.10691.60 million for the quarter ended June 30, 2015.

Oil India and ONGC dropped after reports said that the two companies would be required to share additional burden in the form of royalty payments, with respect from February 2014, amounting in excess of $1 billion. Oil India slipped 3% and ONGC ended lower 4.9% to Rs.219.

LT Foods soared 4.8% to Rs.298. The company acquired iconic brand 817 Elephant brand of rice through its UK subsidiary LT Foods International Limited to further strengthen its existing presence in Canada, USA and Israel.

Castex Technologies surged 5% to Rs.12.27. The Lenders of Castex Technologies Ltd, the debt laden Amtek Auto Ltd firm in a joint lending forum (JLF) have proposed a strategic debt restructuring (SDR), as per reports.

HEG Ltd soared 3% to Rs.185. The Board of Directors of the Company will meet on August 2 to consider raising of funds by issue of Non-Convertible Debentures on private placement basis for an aggregate amount upto Rs.100 crores.

Glenmark Pharmaceuticals dropped 2% to Rs.833 on BSE. Glenmark Pharmaceuticals is planning to raise around USD 200 mn by issuing USD denominated non-convertible unsecured bonds.

Mastek slipped 3.5% to Rs.135. Mastek reported consolidated net profit of Rs.3.58 crore for the quarter ended 30th June,2016 registering a decline of 38.90% qoq and 19.19% yoy.

SPARC gained 1.5% to Rs.355. Sun Pharma Advanced Research Company Ltd and Sun Pharma announced a licensing arrangement for SPARC’s ELEPSIA XR (Levetiracetam ER Tablets).

USDINR trade today trading down eight paise at 67.13 per US dollar.

Out of 1,458 stocks traded on the NSE, 917 declined and 507 advanced today.

Top 5 Nifty Gainers: ICICI Bank (1.80%), Tata Motors (1.67%), Sun Pharma (1.00%), ONGC (0.78%) and Reliance Ind. (0.77%).

Top 5 Nifty Losers: Hind. Unilever (-2.11%), ITC Ltd (-1.00%), Hero MotoCorp (-0.84%), HDFC Bank (-0.79%) and M&M (-0.75%)

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The Indian stock market closed lower on Friday with the NSE Nifty closing below the 8550 mark. The benchmarks under-performed the Asian peers, as index heavyweight Infosys posted disappointing results and slashed revenue forecasts. Infosys reported 4.47% fall in consolidated net profit figures at Rs 3,436 crore for the first quarter ended June 30, 2016 against Rs 3597 crore in the sequential quarter ended March 31, 2016. The company reported Rs 3028 crore net profit in the corresponding quarter a year ago. Nifty closed with a loss of 24 points at 8,541, while BSE Sensex ended with a loss of 106 points at 27,836.50.

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

European markets were trading in red. The FTSE 100 was trading down 0.20%. DAX and the CAC 40 were trading lower 0.47% each.

Infosys dropped 8.8% to Rs.1072 after posting weak numbers in Q1 FY17. The consolidated net profit dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16. The company posted rupee revenue of Rs.16,780 crore in Q1 FY17 as compared with Rs.16,550 crore qoq while the dollar revenue stood at $2,501 million as against $2,446 million.

TCS dropped 3% to Rs.2442 on BSE. The company registered a net profit of Rs.6,317 crore, up 9.9% yoy but down 0.4% qoq.

Wipro fell 2.8% to Rs.554.5 ahead to Q1 results. The top IT firm will announce its financial results for Q1 FY17 on Tuesday, July 19.

VRL Logistics plunged 5.7% to Rs.313 after huge block deal. Around 4.71 million shares of the company have changed hands in the company in a single block deal.

NIIT Technologies slipped 5.6% to Rs.470.The company posted a net profit of Rs.214.00 million for the quarter ended June 30,2016 as compared to Rs.718.70 mn for the quarter ended June 30, 2015.

LIC Housing Finance jumped 3.5% to Rs.525 on BSE. The company posted a net profit of Rs.407.8 crore for the quarter ended June 30, 2016 as compared to Rs.382.1 crore for the quarter ended June 30, 2015.

Nava Bharat Ventures climbed 4% to Rs.242 after the company said its board will meet on 22 July to consider bonus shares.

DCB Bank slipped 4.3% to Rs.100.40. The bank posted net profit of Rs.47.01 crore for the first quarter ended June, which was marginally up from Rs.46.87 crore posted in the corresponding quarter of FY16.

Tata Motors gained 1.5% to Rs.492.90. The company’s subsidiary Jaguar Land Rover (JLR) is all set to start testing connected, autonomous and self-driving cars on UK roads, with a fleet of 100 to be produced over the next four years.

USDINR trade today trading down 17 paise at 67.08 per US dollar.

Out of 1,426 stocks traded on the NSE, 948 declined and 433 advanced today.

Top 5 Nifty Gainers: Tata Steel (3.80%), Bharti Airtel (3.32%), HDFC Bank (1.95%), HDFC (1.80%) and Tata Motors (1.48%).

Top 5 Nifty Losers: Infosys Ltd (-8.81%), TCS (-3.11%), Wipro (-2.81%), Coal India (-1.48%) and NTPC (-1.20%)

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.