Stock market in India closed lower for third consecutive session starting off the week in the red. In-dices hit two week lows amid weakening rupee against the US Dollar and weakness among global stock market. Market participants also preferred to remain cautious as they await US FED and BOJ decision on interest rates. On domestic economy front, government will release May consumer price inflation data today and wholesale price index (WPI) for May on Tuesday. Nifty closed with a loss of 59 points at 8,111, while BSE Sensex ended with a loss of 239 points at 26,396.

Oil prices fell with international Brent crude oil futures slipping below $50 per barrel.

On the global front, Asian markets ended in red ahead of central bank meetings in the US and Japan this week. In China, the Shanghai Composite index and Hong Kong’s Hang Seng index closed 3% lower respectively. Nikkei 225 cracked 3.6%.

European stock markets were trading with a negative bias. The FTSE 100 was trading down 0.61%. DAX and the CAC 40 are down 1.2% respectively.

Dr. Reddy’s Laboratories gained 1% and closed at Rs.3086. The company inked a pact with Teva Pharmaceutical and an affiliate of Allergan Plc to buy a portfolio of eight abbreviated new drug applications (ANDAs) in the US for $ 350 million (around Rs 2,300 crore) in cash.

Fortis Healthcare dropped 1.8% to Rs.165. The company said its subsidiary Escort Heart Institute and Research Centre (EHIRCL) has received an order from the Directorate General of Health Services (DHS) to deposit Rs.503.36 crore for non-compliance of conditions of land allotment lease.

Tata Motors dropped 2.8% to Rs.444 on BSE. The company launched its next-generation ‘Ultra’ range of light commercial vehicle (LCV) in Kenya.

Aviation stocks closed lower on reports that the government proposed several passenger-friendly measures, which are expected to dent bottom lines of airline operators. SpiceJet slipped 1%.Indigo dropped 2.2%.Jet Airways dipped 3%.

Canara Bank slipped 1.8% and closed at Rs.192.50. The bank is planning to raise Rs.5 bn this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, says report.

Amtek Auto soared 5% to Rs.36.35. The company is planning to sell its profitable German unit, Tekfor, for about $700 million (Rs.4,690 crore) to an foreign buyer to reduce its debt, according to reports.

Jindal Steel and Power cracked 3.6% to Rs.62. As per media report, the company is set to get debt recast under the Reserve Bank’s 5/25 scheme post deal with JSW Energy.

Welspun Enterprises gained 1% to Rs.62.05. Welspun Energy, in which Welspun Enterprises holds 15.49% stake, has signed a SPA with Tata Power Renewable Energy (100% subsidiary of Tata Power Company) for divestment of its subsidiary Welspun Renewables Energy. The deal represents the largest transaction in renewables space in India.

Reliance Communications slipped 2.7% to Rs.47.85 on BSE. The telecom company is set to launch 4G services on its own across India in phases, starting mid-August from the key circles of Mumbai, Delhi, Kolkata, says report.

Coal India closed marginally higher and closed at Rs.308. Coal India’s two subsidiaries Mahanadi Coalfields and Northern Coalfields will buyback total shares worth around Rs.1,978 crore from their shareholders.

PVR gained 1.8% to Rs.952. The company earmarked a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones, says report.

USDINR trade today trading down 35 paise at 67.11 per US dollar.

Out of 1,412 stocks traded on the NSE, 864 declined and 501 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (2.42%), SBI (1.88%), Tata Motors (1.70%), GAIL (0.94%) and ICICI Bank (0.84%).

Top 5 Nifty Losers: HDFC (-1.33%), Bajaj Auto (-0.90%), Hind. Unilever (-0.88%), TCS (-0.78%) and Infosys Ltd (-0.77%)

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The Indian stock market closed lower for second consecutive session. After opening on a flat note, indices moved higher surging past the 8250 mark, however it was short lived as selling pressure in the realty, auto, industrials stocks. On the other hand, power and utilities stocks ended with marginal gains. Investors also remained cautious ahead of IIP data for April which is scheduled to be released later in the day. Nifty closed with a loss of 33 points at 8,170, while BSE Sensex ended with a loss of 128 points at 26,636.

On the global front, Asian stocks closed on mixed note as weak. Chinese and Taiwanese stock markets are closed for the Dragon Boat Festival. Nikkei 225 and Hang Send closed in red.

European shares slipped for a third straight day with weaker commodities prices putting further pressure on mining and energy stocks. The FTSE 100 was trading down 1.64%. DAX and the CAC 40 are down 2% respectively.

Crude oil declined from a 10-month high in New York, as a stronger dollar countered a rally driven by tightening global supplies.

Solar Industries India zoomed 3% to Rs.3,178 after company bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of 163911.20 MT Explosives worth Rs.443.44 crore for the financial year 2016-17 and 2017-18.

Visa Steel hit 20% upper circuit to Rs.16.38. The company reportedly said it will seek shareholders’ approval for the merger of its joint venture firm Visa Bao (VBL). VBL is a joint venture between VSL and Baosteel of China, with VSL holding 65 per cent stake and Baosteel the remaining.

Tilaknagar Industries dropped 2.8% to Rs.15.80. The company reported a net loss of Rs.104 crore on sales of Rs.90 crore in the January-March quarter.

Yes Bank climbed 2.1% to Rs.1,062. The bank said it subscribed 8% stake in Receivables Exchange of India Limited (RXIL).

NTPC gained 0.50% to Rs.151 on BSE. The company has signed an agreement with South Western Railway for doubling of the Hotgi-Kudgi section under the Customer Funding Concession scheme, says report.

Sadbhav Infrastructure rallied 3% to Rs.101.15.The company informed BSE regarding receipt of provisional completion certificate for 86 km. out of total 87.25 km. and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.

GVK Power zoomed 15.9% to Rs.5.61. The company sought shareholders’ approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs.15,000 crore.

KCP Ltd soared 5.3% to Rs.92. The company decided to expand the production Capacity of its Cement Unit located at Muktyala, Krishna District Andhra Pradesh, from 1.8 MTPA to 3.5 MTPA with an expected outlay of Rs. 400 crores (approximately).

USDINR trade today trading down 13 paise at 66.83 per US dollar.

Out of 1,439 stocks traded on the NSE, 770 declined and 616 advanced today.

Top 5 Nifty Gainers: Lupin Ltd (1.10%), Coal India (0.96%), GAIL (0.77%), Dr. Reddys Lab. (0.41%) and Hind. Unilever (0.40%).

Top 5 Nifty Losers: Tata Motors (-3.43%), ICICI Bank (-3.19%), Tata Steel (-2.93%), BHEL (-2.51%) and Axis Bank (-2.40%)

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Stock market in India ended in deep red on Thursday ahead of key macro economic data to be released on Friday. Import & export data and April industrial production data are scheduled to be announced by the government tomorrow. Nifty closed with a loss of 69 points at 8,204, while BSE Sensex ended with a loss of 257 points at 26,763.

On the global front, Asian stocks closed on mixed note as weak. South Korean stocks declined after the Bank of Korea surprised markets by cutting its policy rate by 25bps to a record-low of 1.25%.

Financial markets in Hong Kong and China are closed today for a public holiday.
In Europe, the FTSE 100 was trading down 0.95%. DAX and the CAC 40 are down 1% respectively.

Pricol zoomed 9.3% to Rs.77.25. The company is targeting a 20-25% revenue growth in the next few years and eying to hit the Rs.3,000-crore revenue mark by 2020.

Eros International Media climbed 4.4% on BSE after its on-demand entertainment platform Eros Now inked a deal with Apple TV for showcasing its repository of Bollywood and regional language films and music videos across 80 countries.

Infosys dropped 4.3% to Rs.1,185 on BSE. Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance, according to reports.

Dr. Reddy’s slipped 2% to Rs.3071. Report says that US Consumer Product Safety Commission, has pleaded to the US Department of Justice , seeking civil penalty against the company.

Surya Roshni rallied 2.8% to Rs.161. The company has announced that a meeting of the Board of Directors of the Company has considered and approved the scheme of Amalgamation of Surya Global Steel Tubes Ltd with the company.

HCL Technologies gained 1.3% to Rs.753 after the company announced that it has signed partnerships with two leading automotive solution providers to expand its offerings for the fast-growing smart vehicle ecosystem. Working to enhance HCL’s existing Smart Mobility and Vehicle Engineering Services, alliances with Movement and Right ware will bring invaluable services to HCL’s clients, the company said in a statement.

Granules India climbed 1.7% to Rs.142.10 after the company has announced that it has entered into an agreement for product in-licensing.

Vipul soared 8.3% to Rs. 57. According to media report, the company has seen a good response to the launch of its new project, Aarohan, at Golf course Road, Gurgaon.

Tata Motors closed marginally higher to Rs.467 on BSE. The company reported a 10.3 % increase in global sales at 87,414 units, including that of Jaguar Land Rover (JLR) vehicles, in May.

USDINR trade today trading down 9 paise at 66.73 per US dollar.

Out of 1,327 stocks traded on the NSE, 692 declined and 575 advanced today.

Top 5 Nifty Gainers: BHEL (3.71%), Lupin Ltd (1.37%), NTPC (1.10%), Reliance Ind. (1.09%) and Adani Ports & Sez (0.97%).

Top 5 Nifty Losers: HDFC (-0.78%), Bharti Airtel (-0.71%), Tata Motors (-0.71%), ITC Ltd (-0.56%) and Asian Paints (-0.51%)

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.