The Indian stock market ended with smart gains on Thursday tracking firm cues across the Asian and the European markets. Nifty reclaimed 8,550 for the first time since August 11, 2015 as sentiment were upbeat ahead of the Monsoon Session of Parliament, the Narendra Modi government on Thursday reached out to the principal opposition party Congress over the contentious issue of Goods and Service Tax Bill. Nifty closed with a gain 46 points at 8,565, while BSE Sensex ended with a gain of 127 points at 27,942.

On the global front, Asian markets closed on a mixed note. Hong Kong’s Hang Seng index gained 1.1%. Japan’s Nikkei closed nearly 1% higher at 16,385.89 as the yen weakened against the dollar. The Shanghai Composite index ended marginally lower.

Max India which listed today, ended 5% higher at Rs.185 on the BSE.

Jewelery companies closed higher after news report said that the government increased Small Scale Industry (SSI) exemption limit to Rs.10 crore from Rs.6 crore, waived off the levy on sale of traded goods and relaxed various procedural norms.Gitanjali Gems gained 1% to Rs.41.20.

Rajesh Exports soared 2.9% after the company has bagged an export order worth Rs.786 crores of designer range of gold and diamond studded jewelery and medallions from UAE. The order is to be completed by 151h October 2016.

Reliance Industrial Infrastructure Ltd dropped 1.2% to Rs.436. The company reported a net profit of Rs.3.02 crore in June quarter, down 32% from Rs.4.45 crore a year ago.

Hexaware Technologies rose 1.8% to Rs.227.35 at the closing bell on Thursday. News reports stated that the Baring Private Equity Asia is in exclusive talks with Hong Kong-based PCCW to sell a majority stake in Hexaware Technologies. The talks are currently understood to be focused around valuations with Baring seeking a minimum 15% premium over the IT player’s current market price.

India bulls group companies dropped for the second day after its said that the income-tax department has conducted multiple searches on the premises of India bulls group in connection with its probe against the firm on charges of alleged tax evasion.

Titagarh Wagons climbed 3.3% to Rs.95.95.The company said that the certified copy of the Order of High Court of Calcutta sanctioning the Scheme of Amalgamation of the Company’s Wholly Owned Subsidiaries viz. Cimco Equity Holdings Private Limited, Titagarh Marine Limited, Times Marine Enterprises Private Limited and Corporated Shipyard Private Limited with the Company has been duly filed and followed by hard copies thereof submitted to Registrar of Companies (West Bengal) on July 13, 2016.

SPML Infra jumped 5.6% after the company received three major new orders for design and construction of Sewerage System with provision of treated wastewater reuse from Rajasthan Urban Drinking Water Sewerage and Infrastructure Corporation Limited (RUDSICO) for 11 cities in Rajasthan for a total value of INR 1275 crores.

USDINR trade today trading up 18 paise at 66.87 per US dollar.

Out of 1,437 stocks traded on the NSE, 523 declined and 866 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (2.79%), M&M (1.81%), Hind. Unilever (1.63%), Tata Motors (1.55%) and Tata Steel (1.35%).

Top 5 Nifty Losers: Infosys Ltd (-5.62%), NTPC (-1.86%), TCS (-1.66%), BHEL (-0.97%) and GAIL (-0.96%)

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The Indian equity market ended on a flat note on Wednesday amid lackluster day of trades. Profit booking, coupled with disappointing macro-economic inflation data and lower crude oil prices saw the indices close with negligible losses. Nifty closed with a loss of mere two points at 8,520, while BSE Sensex ended with gains of seven points at 27,815.

On the global front, Asian markets closed in green. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher. Nikkei 225 gained 0.84%.

NBCC cracked 10.7% to Rs.229.80 on BSE. The Centre cleared a proposal to sell its stake in NBCC India with an aim to meet the Rs.56,500 crore PSU disinvestment target in 2016-17.

ITI galloped 18.7% to Rs.34.15 on BSE. Today, the Cabinet approved the sale of assets of the company. Government of India, which holds 90% stake in the manufacturer of telephone and communications equipment & parts, has been providing support to the company through capital infusion and orders from the state-run companies.

Ruchi Soya Industries ended lower 0.65% to Rs.22.85 on BSE. The company been served with a copy of winding up petition filed by one of its Creditors before the Hon’ble High Court of Bombay. The Company will take appropriate legal recourse in the matter.

RPP Infra Projects soared 4.3% after the company announced that its wholly owned subsidiary, situated in Sri Lanka, bagged order work of High Commission of India Colombo worth of US $10.36mn.

HCC slipped 1.2% to Rs.24. The Joint Lender’s Forum meeting of HCC held on July 12, 2016 (Reference Date) has passed to resolve the account under the recent RBI guidelines ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’.

Alok Industries gained 2% to Rs.4.25. Report says that lenders led by the State Bank of India are looking to recover loans worth Rs 20,000 crore given to the company.

USDINR trade today trading up nine paise at 67.09 per US dollar.

Out of 1,462 stocks traded on the NSE, 1,007 declined and 414 advanced today.

Top 5 Nifty Gainers: Tata Steel (4.47%), GAIL (3.71%), ONGC (3.01%), BHEL (2.35%) and Coal India (2.00%).

Top 5 Nifty Losers: Lupin Ltd (-1.68%), L&T (-1.20%), Maruti Suzuki (-1.14%), Asian Paints (-0.90%) and Tata Motors (-0.88%)

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The rally continued to second consecutive day as indices scaled to fresh 11-month high on Tuesday. Stock market rallied ahead of IIP and inflation data to be released later in the day. 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 metals, realty and banking stocks lifted the benchmarks to end at day’s high. Even the Nifty Mid-Cap index closed at an all-time high. Nifty closed with again of 53 points at 8,521, while BSE Sensex ended with a gain of 181 points at 27,808.

On the global front, Asian markets closed in green. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher. and Nikkei 225 gained 2.4%.

Coal India slipped 1.1% to Rs.316.85. The Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider the proposal for Buy Back of equity shares of the Company and appointment of intermediaries in accordance with all applicable laws.

IDFC Bank jumped 8.4% after the bank announced the acquisition of micro-finance company Grama Vidiyal Microfinance.

Opto Circuits (India) Ltd jumped 18.7% to Rs.13.74. The company announced that wholly owned subsidiary, Eurocor Gmbh, launches Coated Shunt Balloon Catheter, used for DIALYSIS patients which reduces re-intervention and preserves future treatment options.

Shriram EPC soared 10.8% to Rs.28.15. The company said it will take approval of its shareholders for conversion of debt worth up to Rs 1,280 crore into equity shares.

NMDC gained 0.52% to Rs.96.75. The company reportedly said that its production was up by about 28% and sales have increased nearly 17% in the April-June quarter of the current fiscal.

Igarashi Motors India dropped 3% to Rs.680. The company said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale (OFS) at a floor price of Rs.650.

Tata Power slipped 1.5% to Rs.72.75. Tata Power said that its board has approved raising up to Rs.3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis.

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

Out of 1,466 stocks traded on the NSE, 790 declined and 663 advanced today.

Top 5 Nifty Gainers: BHEL (4.05%), ONGC (4.02%), GAIL (2.23%), Tata Steel (2.10%) and Reliance Ind. (1.20%).

Top 5 Nifty Losers: Maruti Suzuki (-1.19%), L&T (-0.77%), Axis Bank (-0.72%), Bharti Airtel (-0.69%) and ITC Ltd (-0.69%)

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.