The Indian equity market snapped a three-day losing streak on Thursday amid a choppy trading session. After opening with smart gains, indices moved in and out of the red and later surged higher for most part of the day. However, benchmarks erased gains in the last hour of the session led by selling pressure in telecom, oil & gas, consumer durables and banking stocks. Even the midcap and small-cap stocks were under pressure. On the other hand, realty, power, FMCG and industrials stocks ended with gains. Nifty closed with a a gain of 29 points at 7,736 while Sensex ended with a gain of 160 points at 25,262.

Indiabulls Real Estate jumped 5.6% to Rs. 71.50. The company has increased stake in Singapore business trust IPIT to 51.18% from 47.51%.

Adani Ports extended losses for the second day and was the worst performing stock on both the benchmark indices. The stock slipped 5% and closed at Rs.198. The company posted a net profit of Rs. 9140.60 mn for the quarter ended March 31, 2016 compared with Rs.6607.30 mn for the quarter ended March 31, 2015.

L&T gained 2.2% to Rs.1,237 after Larsen & Toubro Infotech (L&T Infotech), IT services & solutions companies and a subsidiary of Larsen & Toubro, signed a multi-year contract with Elkjøp Nordic AS to provide end-to-end Infrastructure Management and Datacenter services.

Gillette India climbed 3.6% to Rs.4,430 after the company reported over two-fold jump in net profit at Rs.80.85 crore for the third quarter ended March 31.

Ricoh India hit 5% lower circuit to Rs.271.90 on BSE. As per media reports, the BSE suspended trading in the company’s stock from May 26. Recently, its stock was moved to ‘Z’ category and its top deck were asked to leave without pay.

V-Guard Industries hit 20% upper circuit to Rs. 1,187. The company reported standalone net profit of Rs. 41.97 crore for the quarter ended March 31, 2016, registering growth of 109.1% yoy and 95.36%.

Sun Pharma gained 1% to Rs. 811. Sun Pharma announced that two pivotal Phase-3 clinical trials evaluating the efficacy and safety of the investigational IL-23p19 inhibitor antibody tildrakizumab (MK-3222) in patients with moderate-to-severe plaque psoriasis met their primary endpoints for both evaluated doses.

Orient Cement gained 1.6% and closed at Rs. 147.50. The company’s standalone revenue stood at Rs. 449.29 crore, up 13.94% yoy and 27.03%.

Idea Cellular dropped 5% to Rs.113.60 on BSE. According to media report, the telecom company may spend $1.3 billion in adding data spectrum in upcoming auction around July.

USDINR trade today trading down 8 paise at 66.46 per US dollar.

Out of 1,804 stocks traded on the NSE, 789 declined and 746 advanced today.

Top 5 Nifty Gainers: SBI (1.25%) ICICI Bank (0.77%), Bharti Airtel (0.59%), GAIL (0.46%), and Asian Paints (0.25%).

Top 5 Nifty Losers: Adani Ports & Sez (-.1.51%), Dr Reddys Lab (-1.33%), Wipro (-1.21%), Hero Motocorp (-1.07), Lupin Ltd (-1.04%)

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The Indian equity market yet again closed in the negative terrain extending its losing streak to the third consecutive trading session. Nifty closed near day’s low amid an absolute monotonous session as Nifty was stuck in a mere 50 point range. After a decline in the manufacturing PMI, sentiment was hit again today as services PMI fell to 53.7 in April 2016 from 54.3 in March 2016. Nifty closed with a a loss of 40 points at 7,706.55 while Sensex ended with a loss of 128 points at 25,102.

Adani Ports and SEZ tumbled 11.9% to Rs. 207.65. The company posted a net profit of Rs. 9140.60 mn for the quarter ended March 31, 2016 compared with Rs.6607.30 mn for the quarter ended March 31, 2015.

Tata Steel slipped 5.6% to Rs. 329 on BSE. The UK-based commodity trading firm Liberty House Group formally submitted the first bid for some of Tata Steel Ltd’s UK assets.

Sun Pharmaceutical gained 0.6% to Rs. 802.75 on BSE. The company singed a global deal with ICGEB for treatment of Dengue. Under the deal, Sun Pharma is expected to produce novel Dengue drug for 17 countries.

MEP Infrastructure gained 1% to Rs. 42. The Company received the Letter of Acceptance (LOA) dated May 03, 2016 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the Project of “Collection of user fee through Fee Collection Agency on the basis of competitive Bidding for Paduna Toll Plaza at Km. 311.100 for the section Km. 278.000 to Km. 348.000 [Udaipur- Kherwada] of NH No. 8 in the State of Rajasthan”.

Tata Motors dropped 6.7% to Rs. 381 after its wholly-owned subsidiary Jaguar Land Rover (JLR) reported 2 per cent fall in US sales in April 2015

BASF India jumped 4% to Rs. 961.25. The company’s standalone revenue stood at Rs.1,152.12 crore, up 7.44% yoy and 1.8%.

A total of 14 stocks registered a fresh 52-week high in trades today, whereas 22 stocks touched a new 52-week low on the NSE.

USDINR trade today trading down 22 paise at 66.63 per US dollar.

Out of 1,453 stocks traded on the NSE, 1,096 declined and 306 advanced today.

Top 5 Nifty Gainers: Tata Motors (2.93%) HDFC (2.46%), Lupin Ltd (1.70%),Sun Pharma (1.64%), and Hero Motocorp (1.49%).

Top 5 Nifty Losers: Adani Ports & Sez (-.3.13%), Infosys Ltd (-0.42%), TCS (-0.41%), M&M (-0.34), Wipro(-0.08%)

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The Indian equity market ended in deep red on Tuesday following a sudden bout of selling in scrips across the sectors. After opening on a subdued note, indices surged higher. However, the joy ride was short-lived as indices erased all its gains led by sharp sell-off in metals, banking, oil & gas and IT stocks. Even the midcap and small cap stocks were under pressure. On the other hand, only telecom stocks ended with smart gains. Nifty closed with a a loss of 59 points at 7,747. while Sensex ended with a loss of 207 points at 25,230.

Asian markets finished broadly lower today with shares in Japan leading the region. The Nikkei 225 is down 3.11%, while Hong Kong’s Hang Seng is off 1.50% and China’s Shanghai Composite is lower by 0.25%. European markets are trading higher today as French and German shares show gains. The CAC 40 is up 0.31%, while the DAX is up 1.06%. The British FTSE 100 is closed.

ICICI Bank cracked 4% after its net profit plunged 76% in March quarter numbers. The Bank posted a net profit of Rs.7018.90 million for the quarter ended March 31, 2016 compared with Rs.29220 mn for the quarter ended March 31, 2015.

Commenting on the same, Amar Ambani, Head of Research at IIFL, said, “Deposit growth was strong at 17% yoy with CASA deposits growing slightly ahead. Sustained strong traction in savings deposits was impressive and the SA ratio stood at a historic high of 32%. If economic recovery gains momentum from FY18, then RoA delivery could reach 1.6% in FY19 aided by a substantially improved business franchise and improved credit environment. Striping the valuation of subsidiaries, the stand‐alone bank is trading at an undemanding valuation of 1.1x FY18 P/ABV. A highly capitalized balance sheet and headroom to generate profits through divestment of stake in subsidiaries provides high comfort about the bank’s ability to absorb credit shocks.”

Coal India dropped 3% to Rs.280. The stock was the top Nifty loser today. The company said its coal production for the month of April stood at 40.09 mt as compared to target of 44.48 mt.

Sun Pharma slipped 1.6% to Rs.798 after its subsidiary Taro Pharmaceutical ceased commercial sales for Keveyis which is used to treat periodic paralysis.

Rolta India jumped 11% to Rs.84.95 on BSE. The company bagged multi-year GIS contract from UK Power Networks.

Atul Auto tumbled 8% to Rs.483 after the company reported 50.36% drop in sales for the month of April 2016 at 1,242 units as compared to 2,502 units sold in April 2015.

CCL Products rallied 11% to Rs.215. The company’s consolidated revenue stood at Rs. 264.49 crore, up 22.22% yoy and 24.21% qoq.

Vishnu Chemicals plunged 5% to Rs.296.60 on BSE. The company reported its net profit declined by 27.83% to Rs.7.08 crore in the quarter ended March 2016 as against Rs.9.81 crore during the previous quarter ended March 2015.Its sales rose by 5.24% to R.126.55 crore in the quarter ended March 2016 as against R.120.25 crore during the previous quarter ended March 2015.

Ortel Communications slipped 1.1% to Rs.186 on BSE. The company net profit declined by 51.15% to Rs.2.76 crore in the quarter ended March 2016 as against Rs.5.65 crore during the previous quarter ended March 2015.

Tata Power gained 1.3% to Rs. 71.10. The company introduced its digital interface by launching a universal Mobile Application for all its stakeholders along with employees and consumers of Mumbai & Delhi. The Tata Power Mobile App is specially designed to be an exclusive platform to help customers and other stakeholders to connect and directly engage with the company.

BGR Energy Systems soared 11% to Rs. 117.60 on BSE. The company announced that with respect to an Agreement executed by the Company on March 30, 2016 at Tokyo, Japan with Hitachi, Ltd., Japan and Hitachi Power Europe GmbH, Germany (the “Agreement”) to settle their inter se disputes. The Agreement has come into effect and has become legally binding with effect from April 29, 2016 upon fulfillment of the conditions mentioned therein.

Tata Motors closed 0.54% higher at Rs.409.50. The company reported 9.9% growth in sales at 39,763 units in April compared with 36,190 in the same month last year. Domestic sales of Tata Motors’ commercial and passenger vehicles rose 11 per cent at 35,978 units during the month as against 32,404 in April 2015.

The Indian Rupee was trading up 5 paise at 66.39 per US dollar.

Out of 1,451 stocks traded on the NSE, 815 declined and 587 advanced today.

Top 5 Nifty Gainers: HDFC (3.27%) GAIL (1.50%), NTPC (1.50%), HDFC Bank (1.22%), and Hero Motocorp (0.99%).

Top 5 Nifty Losers: Adani Ports & Sez (-.9.60%), Tata Motors (-4.48%), Tata Steel (-4.09%), Bharti Airtel (-1.51), Axis Bank(-1.44%)

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.