The Indian equity market gained ground on Tuesday after a weak start. The primary market continues to enjoy good momentum with smart listing for Thyrocare and a decent close by Ujjivan Financial Services. Benchmarks indices too extended winning streak to second consecutive trading session led by gains in the capital goods, banking, IT, realty and consumer durables. Even the mid cap and small cap stocks ended with marginal gains. On the other hand, metals, oil & gas, power and utilities stocks were under pressure. Nifty closed with a a gain of 22 points at 7,888while Sensex ended with a gain of 84 points at 25,773.

In the global markets, most of the Asian indices closed the day on a positive note. The Hong Kong’s Hang Seng ended higher by 0.43%, while Japan’s Nikkei 225 ended higher by 2.15%. The European indices also witnessed buying interest. The FTSE 100 was up 0.77%, France’s CAC 40 was up 1.09% and Germany’s DAX was up 1.13%. The rupee was trading at Rs 66.61 to the dollar at the time of writing.

Stocks in the steel sector ended the day on a mixed note with Adhunik Metaliks and Bhushan Steel leading the gains. As per a leading financial daily, Tata Steel has received seven expressions of interest (EoI) to acquire the firm’s loss-making UK business. According to the company, all of these seven EoI have been immediately taken forward to the next stage of the sales process, which involves inputs from the UK government.

Tata Steel UK’s assets include Port Talbot plant in south Wales, UK’s largest with around 4,000 workers, as well as sites at Newport, and Rotherham.

Last month Tata Steel sold its Long Products business in Europe to investment firm Greybull Capital. The sale was in exchange for Greybull Capital taking the whole of the business, including assets and relevant liabilities, and securing funding package of 400 million pounds.

It shall be noted that on 29 March, Tata Steel decided to sell its UK operations, called Tata Steel Europe Ltd. This came as the company failed to turn around the business it bought as part of the takeover of Corus at the height of the commodity boom in 2007 for US$12.1 billion. The business suffered almost a decade of losses amid poor demand and cheap Chinese imports.

Moving to the news from the FMCG space. ITCis gradually resuming production at its cigarette factories, which was suspended from May 4 over the large pictorial warning issue.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, the company has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Stock of the company closed down by 3.6%.

USDINR trade today trading down 4 paise at 66.62 per US dollar.

Out of 1,404 stocks traded on the NSE, 683 declined and 648 advanced today.

Top 5 Nifty Gainers: NTPC (1.85%), Axis Bank (1.51%), Tata Steel (0.69%), Asian Paints (0.51%), and Hero MotoCorp (0.42%).

Top 5 Nifty Losers: Bharti Airtel (-1.84%), Adani Ports & Sez (-1.64%), Coal India (-1.40%), BHEL (-1.24%), HDFC (-1.21%)

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.

The Indian equity market jumped sharply on Monday(9 may 2016) as Nifty shot over 7850 mark. Overseas gains in the US and the Asian markets saw the Indian indices to open with a positive gap. From there on markets just keep on surging higher as the day progressed. The buying momentum was so strong, that all the sectoral indices ended in the green. The upswing was led by the banking, capital goods power, power and IT stocks. Even, the mid-cap and small cap stocks participated in the rally. Nifty closed with a a gain of 133 points at 7,866 while Sensex ended with a gain of 460 points at 25,689.

Cigarette stocks closed higher, Godfrey Phillips India surged 7% to Rs.866. ITC gained 2.4% to Rs.325.5.The Company said that cigarette packets produced by the firm will from now carry bigger pictorial health warnings covering 85% of surface area, up from 40%. The country’s biggest cigarette maker, which halted production twice to comply with the new norms, was quoted as saying that its factories have resumed production.

Hindustan Unilever reported 7% rise in net profit figures at Rs 1089.59 crore for the quarter under review against Rs 1018.08 crore YoY. Total income from operations (net) of HUL jumped 3.52% yoy at Rs 7945.66 crore. Commenting on HUL results, Amar Ambani, Head of Research, IIFL, said, “ PAT increased by 7% to Rs1,090cr, 1.6% lower than our estimate of Rs1,107cr. Net revenue grew 3.5%, lower than 4.4% against our estimate of Rs8,312cr. During the quarter, the company reported a 4% volume growth as against our expectation of 5%.”

Reliance Capital jumped 6.8% to Rs.409.60 on BSE. The company reported a marginal 1.9% increase in its consolidated net profit at Rs. 415 crore for the quarter ended March 2016.

At the closing bell, the BSE Sensex closed higher by 460 points, while the NSE Nifty finished higher by 132 points. S&P BSE Midcap and S&P BSE Small Cap also ended the day higher by 1.3% and 1.2% respectively.

Asian markets finished on a mixed note as of the most recent closing prices. Stock markets in China and Indonesia ended the day lower by 1.5% and 2.8% respectively. Whereas, stock markets in Singapore and Japan ended the day higher by 1.3% and 0.7%. Oil prices were trading at US$ 45.64 a barrel at the time of writing. The rupee was trading at 66.44 against the US$.

Sectoral indices finished the day on an encouraging note with stocks from banking and telecommunications sectors witnessing maximum buying interest.

As per an article in leading financial daily, Maruti Suzuki India reported sales of over one lakh vehicles with auto gear-shift (AGS) technology. This is a technology wherein the driver does not have to put his feet on the clutch pedal in order to shift the gear as an electrically operated system deploys the clutch automatically when the gear is changed.

Maruti introduced the AGS technology first in the hatchback model of Celerio. Reportedly, models with AGS technology now account for over 60% of the total sales of Celerio. Looking at this success, the company has loaded this technology in more models.

Currently, Alto K10, Wagon R, Swift Dzire are also equipped with the AGS technology. The company has sold 18,000 units of Alto K-10, 12,000 units of Wagon R, about 66,000 units of Celerio, 200 units of Dzire and has also exported around 3,100 units with AGS technology.

USDINR trade today trading up 10 paise at 66.44 per US dollar.

Out of 1,392 stocks traded on the NSE, 386 declined and 944 advanced today.

Top 5 Nifty Gainers: Dr Reddys Lab (1.83%), Hind. Unilever (1.55%), Tata Steel (1.44%), Axis Bank (0.68%), and Infosys Ltd (0.47%).

Top 5 Nifty Losers: Tata Motors (-2.39%), ICICI Bank (-1.11%), ONGC (-1.02%), Bajaj Auto (-0.98%), M&M (-0.96%)

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.

The Indian equity market closed almost at the same point where it too off from in the morning. Negative vibes from the US and the Asian markets compelled stock market in India to open with a gap down. However, after slipping below the 7700 mark, the Nifty staged a smart bounce back. Nifty closed with a a loss of 2 points at 7,733 while Sensex ended with a loss of 34 points at 25,228.

ABG Shipyard tumbled 20% to Rs.30.65 on BSE. Reports stated that the promoters of the debt-laden ship-maker may have to give up control of the company after they failed to bring in an investor, yet again.

Diamond Power jumped 9.9% to Rs.44.85 after the company has announced that its board is likely to consider re-organization of business after consulting its investors. The company will authorize a committee to offer stake up to 51% to a strategic investor.

Exchanging Solutions hit 20% upper circuit to Rs.60.10 on the BSE after the company engaged in information technology (IT) services business announced voluntary deli-sting plan.

Hindustan Composites rallied 14.4% to Rs.1055 on BSE. the company reported 135% growth in net profit at Rs 18.9 crore for the quarter ended March 2016 compared with Rs 8 crore in the same quarter last fiscal.

Talwalkars Better Value surged 3.8% to Rs.202.10 after the company reported 13 per cent year-on-year rise in its consolidated net profit at Rs 20.20 crore for the quarter ended March 2016.

Syndicate Bank climbed 3.6% to Rs.68 on BSE. The bank has allotted Rs.9.5 crore equity shares of face value of Rs.10/- each for cash at an issue price of Rs. 77.79 determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations aggregating to Rs. 740 crore on preferential basis to Government of India.

Bank of India gained 1% to Rs.86.75 after the bank has allotted 10,14,82,527 equity shares of Rs. 10/- each to Government of India at a price of Rs.113.32 per share; 1,60,00,000 equity shares of Rs. 10/- each to Life Insurance Corporation of India at Rs.96.03 per share.

Procter & Gamble slipped 3.2% to Rs. 6,199. The company posted a net profit of Rs. 973 mn for the quarter ended March 31, 2016 compared with Rs.868.9 mn for the quarter ended March 31, 2015.

Aarti Drugs cracked 4.3% to Rs. 464. The company reported a consolidated net profit of Rs.18.6 crore as against Rs.17 crore in the same period last year.

Jindal Steel & Power dropped 2.7% to Rs.64.25 on BSE. JSPL will sell certain steel and mining assets and will expand its power business portfolio into renewable energy and transmission and distribution (T&D), CEO Ravi Uppal has been quoted as saying by a business daily.

USDINR trade today trading down 3 paise at 66.57 per US dollar.

Out of 1,392 stocks traded on the NSE, 748 declined and 576 advanced today.

Top 5 Nifty Gainers: NTPC (2.78%), Bajaj Auto (2.03%), ITC Ltd (2.02%), Asian Paints (1.98%), and HDFC Bank (1.91%).

Top 5 Nifty Losers: Dr Reddys Lab (-0.56%)

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.