After gaining for six consecutive trading sessions, the Indian equity market closed lower on Tuesday. Profit booking combined with negative global cues and a weak rupee dampened sentiment. Nifty closed with a loss of 35 points at 8,336, while BSE Sensex ended with a loss of 112 points at 27,167.

On the global front, Asian shares closed mixed. Japan’s Nikkei, Hong Kong’s Hang Seng dropped between 0.6%-1.4% while China’s Shanghai Composite closed in green.

On the political front, PM Narendra Modi inducted 19 new ministers into the Council of Ministers.

Jaiprakash Associates rallied 27.9% to Rs.11.62 on BSE after UltraTech Cement agreed to pay a​higher price to acquire its cement assets.

HCC jumped 10.3% to Rs.23.05. The company has been awarded Rs.2,523 crore contract by the Mumbai Metro Rail Corporation Limited (MMRCL).

Tata Steel gained 1% to Rs.334. The company said its hot steel production rose by 16.66 per cent to 3.01 million tonnes (MT) in the first quarter of the current fiscal.

Reliance Industries rose 0.64% to Rs.992. The company received approval from the Ministry of Environment & Forests (MoEF) to drill eight additional exploratory wells in Tamil Nadu, according to reports.

IFCI dropped 1.4% to Rs.27, after the company sold 2.25 lakh shares in NSE at Rs.3,950 a share. However, the company put on hold selling its remaining 3.05 per cent stake in NSE.

Tata Teleservices jumped 4.5% to Rs.7.19. The company is gradually shutting its CDMA operations running on the 850 Mhz band and writing off its equipment value, said three people familiar with the company’s plans.

USDINR trade today trading down 23 paise at 67.49 per US dollar.

Out of 1,535 stocks traded on the NSE, 829 declined and 646 advanced today..

Top 5 Nifty Gainers: Dr. Reddys Lab (1.31%), Hind. Unilever (1.26%), Bharti Airtel (0.94%), CIPLA (0.83%) and HDFC (0.76%).

Top 5 Nifty Losers: Adani Ports & Sez (-1.33%), NTPC (-1.28%), Infosys Ltd (-1.16%), TCS (-0.67%) and L&T (-0.56%)

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Winning ways continue on Dalal Street as the Indian equity indices extend gains to sixth consecutive trading sessions. Market sentiment remained strong due to firm rupee, progress of monsoons and strong global cues. Nifty closed with again of 42 points at 8,371, while BSE Sensex ended with a gain of 134 points at 27,279.

On global front, Asian shares shrugged off early losses and edged higher on Monday. Nikkei 225 gained 0.59%. The Shanghai Composite and Hong Kong’s Hang Seng index closed up over 1% each.

Punjab National Bank zoomed 7% to Rs.113. The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.

Tata Motors climbed 2.4% to Rs.469 on BSE. The company’s LCV sales grew by 14% in the month of June 2016 and its passenger cars growing by 22%. The company’s total passenger and commercial (including exports) in July 2016 were at 44,276 vehicles, a growth of 8%, over 40,869 vehicles sold in June 2015.

State Bank of India rose 1.5% to Rs.222 on BSE. The bank informed the Exchange that with reference to the captioned matter, company advise having sold 5% stake in National Stock Exchange of India Limited (NSE) constituting 22,50,000 equity shares of NSE to Veracity Investments Limited, a Mauritius based FII, on 30 .06.2016 at Rs.4050 per share for a total consideration of Rs.911 crore.

Coal India gained 2.4% to Rs.317. The company reported a 10% growth in production during June 2016 at 42.72 million tonnes; Sales registered a near 7% growth take for the month at 44.96 million tonnes.
Jaiprakash Associates rose 5.7% to Rs.9. The Board of Directors of the Company to meet today, to review the progress of the divestment plans and other related matters.

Bosch slipped 1.6% to Rs.22,231 on BSE. The board of directors of the company approved the buy-back of 8,78,160 fully paid up equity shares of face value Rs.10 each per share (representing 2.796 % of the total paid-up equity share capital) of the Company at a price of Rs.23,000/- each per share aggregating to Rs.20.20 crore.

Sobha dropped 0.61% after the company announced the launch of ‘Sobha Winchester’ project, its super luxury residential project in Chennai, Tamil Nadu.

MOIL gained 0.55% to Rs.237 after the company slashed prices of various grades of the mineral by up to 15 per cent for July-September quarter. The prices have been reduced by 10% on all Ferro grades of ore with the Mn content 45% and above on the previous quarter price while the prices have been reduced by 15%t on all other Ferro grades of ore on the previous quarter price

Seamec zoomed 6.6% to Rs.108.10 after the company announced that HAL Offshore has been awarded a Letter of Intent by ONGC for charter hire of multi support vessel of multi support vessel for the scope of work as specified in the tender for a period of 3 years.

USDINR trade today tradingup six paise at 67.25 per US dollar.

Out of 1,459 stocks traded on the NSE, 450 declined and 947 advanced today.

Top 5 Nifty Gainers: BHEL (1.48%), Tata Steel (0.79%), Coal India (0.69%), Adani Ports & Sez (0.49%) and SBI (0.38%).

Top 5 Nifty Losers: GAIL (-1.50%), Bharti Airtel (-1.49%), Tata Motors (-1.26%), NTPC (-1.22%) and Bajaj Auto (-1.18%)

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Stock market in India ended in the green for fifth consecutive trading session. Healthy macro-economic data and positive global cues lifted the indices to close higher on Friday(1st July). Healthy buying was witnessed in capital goods, pharma and oil & gas stocks.Even, mid-cap and smallcap stocks participated in the rally. Nifty closed with again of 41 points at 8,328, while BSE Sensex ended with a gain of 145 points at 27,145.

On the global front, Asian markets closed in green. Hong Kong’s Hang Seng index and Nikkei 225 climbed 1% respectively. The Shanghai Composite index closed marginally up.

Oil marketing companies stocks surge higher after Petrol price was slashed by 89 paise a litre and diesel by 49 paise a litre on Thursday. Indian Oil Corporation jumped 7.3% to Rs.473 on the BSE. Bharat Petroleum Corporation zoomed 2%. Hindustan Petroleum Corporation Ltd climbed 2.5% to Rs.1020.55 on BSE.

KPIT Technologies tumbled 14.3% to Rs.157.50 on BSE. The company issued a margin warning for Q1 FY17 expecting a drop in revenues of around 4% in Q1 with a consequent drop in profitability.

Gujarat NRE Coke zoomed 3.2% to Rs.3.18 after the company said its board approved allotting 24.47 million shares at Rs.11.03 a share to IDBI Bank on preferential basis.

ITC Ltd jumped 2.8% to Rs.252.35 on BSE. The stock was traded ex-bonus (1:2) on Friday.

Shriram Transport Finance Company gained 2% Rs.1,225 on the BSE. The company has informed BSE that it is considering raising of funds through various options of borrowings including by way of issue of Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis. Based on the market conditions the meeting(s) of Banking and Finance Committee will be held during the current month ending July 31, 2016 to consider and approve the terms of such borrowings.

Sandur Manganese & Iron Ores Ltd jumped 4.3% to Rs.601 after the company has informed BSE that the Central Empowered Committee (CEC), constituted by the Hon’ble Supreme Court of India has vide letter dated June 27, 2016 (received on June 30, 2016) communicated its approval for enhancement of Company’s Manganese Ore production limit to 0.254 Million Tonnes Per Annum (MTPA) which was hitherto reduced from 0.55 MTPA to 0.18 MTPA as intimated to the Exchange on January 24, 2013.

India Tourism Development Corp Ltd dropped 5.6% to Rs.249 after media report said that the government is planning to sell its 12.03% stake in the company via offer for sale. The government has invited bids by 21 July to appoint merchant bankers for the stake sale.

Adani Transmission rose 1.3% to Rs.39 after the company said it is in pact with GMR Energy to buy 74% stake in Maru Transmission Services Co and 46% stake in Aravali Transmission Services with an option to acquire 100% stake in a manner consistent with Transmission Service Agreement and applicable consents. The Value for 100% stake of both the projects is at Rs.100 crore.

SML Isuzu slipped 1.2% to Rs.1145 on BSE. The company has sold 1,560 vehicles during June 2016 against 1,529 vehicles sold in June 2015. The cumulative sales for April-June 2016 stood at 4,893 vehicles, a rise of 28.4 per cent as compared to 3,810 vehicles sold in April-June 2015.

Maruti Suzuki closed marginally down after June sales have dropped 13.9% to 98,840 units yoy. This includes 92,133 units in the domestic market and 6,707 units of exports. The company had sold a total of 1,14,756 units in June 2015.

Sintex Industries jumped 3.5% to Rs.84 and NIIT Technologies gained 1% to Rs.517, as both stocks will be added in NSE futures & options segment.

USDINR trade today trading up 11 paise at 67.41 per US dollar.

Out of 1,473 stocks traded on the NSE, 635 declined and 793 advanced today.

Top 5 Nifty Gainers: Tata Motors (3.43%), ONGC (2.96%), BHEL (2.20%), ICICI Bank (1.75%) and SBI (1.59%).

Top 5 Nifty Losers: ITC Ltd (-2.20%), Hind. Unilever (-1.02%), Hero Motocorp (-0.58%) and Bajaj Auto (-0.41%)

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.