The Indian stock market ended with smart gains snapping a two day losing streak thanks to stellar show by the banking stocks. The Nifty Bank closed higher by 1.64% hitting 52-week high. Top gainers in Nifty Bank were IndusInd Bank, Kotak Mahindra Bank, BoB, ICICI Bank and Canara Bank. Nifty closed with a  gain of 49 points at 8,673, while BSE Sensex ended with a gain of 118 points at 28,123.

On the global front, Japan’s Nikkei and China’s Shanghai Composite ended in red. Hong Kong’s Hang Seng gained 0.97%.

European shares climb for the first time in five days, rebounding from a two-week low.  The FTSE 100 trading marginally up. DAX and the CAC 40 were trading higher around 0.16% to 0.49%.

Shares of oil exploration and production companies gain on BSE after global crude oil prices rose. Cairn India soared 2% on BSE. Oil India and ONGC ended above 1% each.

India Cements rose 1.2% to Rs.126 on the BSE. The company posted a net profit of Rs.43.9 crore for the quarter ended June 30, 2016 as compared to Rs.37.8 crore for the quarter ended June 30, 2015.

Adani Ports and Special Economic Zone jumped 3% to Rs.274.40 on BSE. Around 10 lakh shares were traded in a multiple block on the BSE.

Max India jumped 7.5% to Rs.136 on BSE. Around 7 lakh shares were traded in a single block at Rs.130 on the BSE.

Sudarshan Chemical Industries advanced 0.57% to Rs.364 on BSE. Morgan Stanley Mauritius Company bought 4.08 lakh shares of the company at an average price of Rs.356.96 per share in a bulk deal on the NSE yesterday.

Gammon India jumped 8.9% to Rs.15.90.The company has won a Rs.870 crore contract from NHAI for widening of a highway in Karnataka under NHDP.

Power Grid Corporation of India climbed 4.2% to Rs.181.95 on BSE. The power company is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.

Bharti Airtel climbed 2% to Rs.352. Singtel is in pact with Temasek to acquire 21% of Intouch Holdings Public Co Ltd and 7.4% of Bharti Telecom Ltd for a total consideration of S$2.47 billion.

Alphageo India rallied 7% to Rs.793. The company said its current order book stood at Rs.1,528 crore. The company also said it is exploring offshore opportunities via partnerships.

USDINR trading down four paise at 66.80 per US dollar.

Out of 1,451 stocks traded on the NSE, 436 declined and 951 advanced today.

Top 5 Nifty Gainers: SBI (3.20%), Asian Paints (1.35%), NTPC (1.08%), BHEL (1.03%) and CIPLA (0.81%).

Top 5 Nifty Losers: Coal India (-1.42%), TCS (-1.16%), Bharti Airtel (-1.04%), HDFC (-0.81%) and Dr Reddys Lab (-0.58%)

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The Indian equity market ended in the red as indices extended losing streak to second consecutive trading session on Wednesday. Today’s major decline was led by the IT, teck, FMCG and power, stocks, while metal, basic materials, auto, pharma and banking were among the gainer. Nifty closed with a loss of 19 points at 8,624, while BSE Sensex ended with a loss of 59 points at 28,005.

On the global front, Japan’s Nikkei advanced 0.89%. Hong Kong’s Hang Seng ended in red.

European stocks edged lower ahead of the closely-watched release of the US Federal Reserve’s latest minutes. The FTSE 100 was trading down, DAX and the CAC 40 were trading lower around 0.5% each.
Reliance Communications jumped 3.3% to Rs.49.55 after the company announced the introduction of Next-Gen APP-TO-APP CALLING in the country and worldwide, launching the ‘Calling Ka Naya Tareeka’ offer for existing and new customers.
Radico Khaitan jumped 9% to Rs.101.40 on the BSE. The company recorded a rise of 25% in its net profit at Rs.21.53 crore for the quarter ended June 30, 2016 as compared to Rs.17.19 crore for the quarter ended June 30, 2015.
Zee Learn soared 11.2% to Rs.33.60 after it revised its share swap ratio for the proposed merger with Tree House at 1:1.Earlier, the companies had agreed to swap 53 shares of Zee Learn for 10 Tree House for the merger plan.
Hero MotoCorp rallied 2% to Rs.3,360 on BSE. The company said in a notice to BSE that Sunil Kant Munjal’s tenure as Joint Managing Director of the Company ends on 16 August 2016. He has also resigned from the Board of Directors of the company with effect from the same date.
Strides Shasun fell 4.7%. The company’s June quarter net profit was at Rs.41.7 crore. It clocked sales of Rs.869 crore for the period in focus, up 43% YoY.
Hathway Cable & Datacom rose 2.3% after it approved the initial public offering (IPO) of its unit GTPL Hathway Private (GTPL).
Piramal Enterprises soared 3.6% after the company announced that it has entered into an agreement to acquire a US-based CDMO.
Suzlon Energy rose 2% to Rs.16.80 after the company issued repeat order from ReNew Power Ventures, India’s leading renewable energy Independent Power Producer. The order comprises 48 units of S97 120m Hybrid Tower and 15 units of S97 90m tubular tower with a rated capacity of 2.1 MW each.
Just Dial Ltd dropped 3.5%. The company posted a net profit of Rs.38.9 crore for the quarter ended June 30, 2016 as compared to Rs.36.1 crore for the quarter ended June 30, 2015.
KNR Constructions jumped 9% to Rs.699. The company reported its net profit jumped 86.6% to Rs.30.21 crore in the quarter ended June 2016 as against Rs.16.19 crore during the previous quarter ended June 2015.
Infosys slipped 1.7% to Rs.1,033. The Royal Bank of Scotland announced last week that it will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business.
InterGlobe Aviation climbed 3.5% to Rs.857.80 after Citi upgraded the stock to “buy” from “neutral”, adding that A320 delivery concerns were unwarranted, as per media report.

USDINR trade today at 66.78 per US dollar.

Out of 1,460 stocks traded on the NSE, 611 declined and 791 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (3.02%), Bharti Airtel (1.69%), ICICI Bank (1.58%), NTPC (1.49%) and Tata Motors (1.13%).

Top 5 Nifty Losers: Coal India (-1.68%), L&T (-0.73%), Asian Paints (-0.63%), Wipro (-0.60) and Hind Unilever (-0.59%)

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The Sensex and Nifty closed lower on Tuesday after WPI inflation hit 23-month high. Inflation for the month of July soared to 3.55% versus 1.62% in June. Inflation based on CPI accelerated to 6.07% in July 2016 from 5.77% in June 2016. The core CPI inflation moved up to 4.52% in July 2016 from 4.39% in June 2016. Nifty closed with a loss of 30 points at 8,643, while BSE Sensex ended with a loss of 88 points at 28,065.

On the global front, Japan’s Nikkei dropped 1.6%. China’s Shanghai Composite and Hong Kong’s Hang Seng ended in red.

Infosys slipped 1.2% to Rs.1,051 on BSE. The Royal Bank of Scotland announced last week that it will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business. Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months.

Cipla jumped 7% to Rs.554. The pharma company posted a net profit after tax, minority interest and share of profit of associates of Rs.3652.40 million for the quarter ended June 30, 2016 as compared to Rs.6492.20 million for the quarter ended June 30, 2015.

INOX Leisure advanced 2.2% to Rs.259 after it announced that the company commenced the commercial operations of a Multiplex Cinema Theatre, taken on Lease basis, located at The Great Mall of Kota with effect from August 13, 2016. The said Multiplex Cinema Theatre has 4 screens and 861 seats

Jain Irrigation climbed 5.6% to Rs.78.10 after the company posted a 303% increase in its net profit in June quarter to Rs.58.5 crore against Rs.14.5 crore a year ago.

Power Grid Corporation of India ended marginally lower by 0.20% to Rs.177 after the company has posted a net profit of Rs.1,802 crore for the quarter ended June 30, 2016 as compared to Rs.1,355.6 crore for the quarter ended June 30, 2015.

Unitech tumbled 16.9% to Rs.5.11. The real estate company on Friday told Supreme Court that it does not have the money to refund home buyers over its two delayed housing projects in Noida and Gurgaon, as per media reports.

Hindalco Industries soared 5.5% to Rs.154.20. The company is planning to invest Rs.250 crore in a new wire-rod plant at Dahej in Gujarat. The new facility with a capacity of 2.50 lakh tonnes will take the company’s total wire-rod production capacity to four lakh tonnes from the current 1.50 lakh tonnes, the plant is likely to start the production by March 2018. The company has posted a net profit of Rs.2940.70 million for the quarter ended June 30, 2016 as compared to Rs.611 million for the quarter ended June 30, 2015.

Marksans Pharma plunged 12.4% to Rs.40.15. The company said its net profit fell 94.2% to Rs.1.87 crore in June quarter against Rs.32.34 crore a year ago. Its net sales fell 11.14% to Rs.186.75 crore.

Kiri Industries rose 4% to Rs.367. The company posted a net profit of Rs.25.23 crore in June quarter against net loss of Rs.8.65 crore a year ago. The company’s net sales rose 60% to Rs.250.24 crore.

Wockhardt fell 3.6% to Rs.781 after the company said its net profit fell 83% to Rs.15.89 crore in June quarter from Rs.91.61 crore a year ago. Total income rose 5.7% to Rs.1,160.30 crore.

Jet Airways India closed marginally lower to Rs.540 after the company reported a 53.47% decline in net profit for the June quarter, hit by higher operating expenses and lower sales. The airline’s net profit dropped to Rs.103.14 crore in the three months ended 30 June from Rs.221.70 crore in the year-ago quarter.

Vakrangee Ltd fell 2.3% to Rs.178.75 after huge block deal. Around 3.01 million shares of the company changed hands in three block deals.

USDINR trading up six paise at 66.82 per US dollar.

Out of 1,490 stocks traded on the NSE, 899 declined and 541 advanced today.

Top 5 Nifty Gainers: Hero Motocorp (2.98%), Coal India (2.32%), Tata Steel (2.32%), Bajaj Auto (2.06%) and Axis Bank (1.71%).

Top 5 Nifty Losers: TCS (-1.35%), Infosys Ltd (-1.07%), Asian Paints (-0.92), GAIL          (-0.77) and L&T (-0.66%)

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.