Winning ways continue on Dalal Street as the Indian equity indices extend gains to fourth consecutive trading sessions. A strong recovery in the global equity markets and long build up in the realty, power and OMC stocks lifted Nifty to cross past the 8300 mark for first time in 2016 while, Sensex moved past the psychologically 27,000 level. Nifty closed with a gain of 84 points at 8,288, while BSE Sensex ended with a gain of 259 points at 27,000.

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 lower.

Alembic Pharmaceuticals soared 4.8% to Rs.573 after the company informed BSE that the company’s API facilities i.e. API I and API II both located at Panelav have been successfully inspected by the USFDA between June 20, 2016 and June 29, 2016. The company did not receive any form 483 observations.

Binani Industries dropped 4% to Rs.83.35 after the Bombay High Court in an order asked secured creditors of its subsidiary Edayar Zinc to seek symbolic possession of immovable property.

Uttam Galva Steels galloped 12.4% to Rs.33.05 on BSE. The company experienced a spurt in volumes by more than 22.46 times.

Sagar Cements gained 1.7% to Rs 683. The company accorded its “In Principle” approval for the acquisition of the entire assets in the grinding unit of 1,81,500 tons per annum capacity in Andhra Pradesh, owned by Toshali Cements at a cost of around Rs.60 crores(including transaction cost).

State Bank of India gained 0.67% to Rs. 219. The company is planning to raise long term funds up to US$1,500 million (US$ one thousand five hundred million) in single / multiple tranches through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during the Financial year 2016-17.

Setco Automotive climbed 8.5% to Rs.52.35. The company announced that the National stock Exchange of India Limited has granted its Listing permission to list and admit the Equity Shares of the Company on its bourse w.e.f. July 01, 2016 under Symbol Code: SETCO.

LT Foods zoomed 4.6% to Rs.250. The company incorporated a subsidiary named as “LT Foods International Limited” in United Kingdom for strengthening its presence in Europe.

Majesco rose 1.5% to Rs.537. The company signed agreement with iSIGN. Through this strategic partnership, Majesco will use iSIGN’s electronic signature solution to deliver Majesco’s solutions to its insurance customers enhancing their digital footprint.

Sree Sakthi Paper Mills zoomed 7.3% to Rs.8.55 after the company has received from Kerala State Pollution Control Board, Environmental Surveillance Centre, Ernakulam to stop the operation of the unit and to stop the discharge of effluent into river, the Company has stopped production at the Kraft paper unit I & II at Edayar from June 28, 2016.

L&T gained 1% to Rs.1,496 on BSE. With reference to the earlier announcements dated April 12, 2016 and June 28, 2016 in relation to the proposed Initial Public Offering of Equity Shares of the Company’s Subsidiary, L&T Infotech, Larsen & Toubro Ltd has announced that the Price Band has been fixed between Rs. 705 to Rs. 710 per equity share. A discount of Rs. 10 per equity share will be offered to retail individual bidders.

Future Enterprises surged 2.5% to Rs.24.80 on BSE. The company has executed Shareholders Agreement and Share Purchase Agreement for sale of 14% equity shares (12.75% holding of the Company and 1.25% holding of management team) of Future Supply Chain Solutions Limited, a subsidiary of the Company, to Griffin Partners Limited.Post sale of 12.75% stake of FSCSL, the Company will continue to be holding company of FSCSL and hold majority stake of 57.42% in FSCSL. The company has informed BSE that the Committee of Directors of the Company has considered, approved & allotted of 750,10.25% Secured Redeemable Non-Convertible Debentures of Rs. 10 lakh each, aggregating to Rs.75 crore, on private placement basis.

USDINR trade today trading up 14 paise at 67.53 per US dollar.

Out of 1,338 stocks traded on the NSE, 448 declined and 902 advanced today.

Top 5 Nifty Gainers: ITC Ltd (3.97%), Dr Reddys Lab (2.59%), BHEL (2.39%), L&T (2.20%) and Tata Steel (1.96%).

Top 5 Nifty Losers: NTPC (-0.58%), Maruti Suzuki (-0.52%), Asian Paints (-0.47%), Coal India (-0.45%) and Hero Motocorp (-0.41%)

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The Indian stock market ended with handsome gains ahead of expiry of June F&O series on Thursday. Indices extended its winning streak to third consecutive trading session amid positive global cues and firm rupee. Benchmarks opened with a gap up and then gradually surged higher led by gains in the realty, auto, power, consumer durables, oil & gas, banking, basic material and industrial stocks. Even, mid-cap and small cap stocks participated in the rally. Only FMCG index closed in red. Nifty closed with again of 76 points at 8,204, while BSE Sensex ended with a gain of 215 points at 26,740.

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

DLF soared 7.8% to Rs.144. Billionaire KP Singh and his family is planning to infuse Rs. 10,000 crore into DLF by purchasing shares in a preferential issue with funds raised from the sale of their stake in the company’s rental unit, according to reports.

ITC slipped 0.58% to Rs.366 on BSE. The company will invest Rs.4,000 crore over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products.

Suven Life Sciences gained 1.3% after the company said in a notice to BSE that it secured three product patents in Europe and Eurasia.

Sobha climbed 3.2% to Rs.319 The real estate company will launch its first luxury apartment project, Sobha City in Delhi-NCR. This project will be one of the largest group housing projects in Gurgaon and it will offer best-in-class living experience to the customers, as per media reports.

Bosch jumped 5.3% to Rs.22,656 on BSE. The board of director will consider on July 1 launching a buyback offer for its equity shares. A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company’s equity shares.

Hester Biosciences dropped 2% to Rs.751 on BSE. The board of Hester Biosciences to consider a proposal to raise funds through a qualified institutional placement (QIP) issue.

Though, Vivek Kaul is of the opinion that the implementation of the Seventh Pay Commission won’t have a significant impact on the inflation levels. He has justified the same by making solid points in one of his many articles on the Seventh Pay Commission.

USDINR trade today trading up 29 paise at 67.66 per US dollar.

Out of 1,445 stocks traded on the NSE, 331 declined and 1,060 advanced today.

Top 5 Nifty Gainers: Tata Motors (3.06%), BHEL (2.99%), ICICI Bank (2.33%), Hero Motocorp (2.27%) and Dr Reddys Lab (2.13%).

Top 5 Nifty Losers: Infosys Ltd (-0.14%)

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 stock market showed signs of resilience for second consecutive trading session on Tuesday as benchmarks surged higher. Nifty surpassed the 8100 mark while the BSE Sensex ended above the 26, 500 mark. Sentiment got a fillip as European indices too staged a strong recovery ahead of the commencement of a two-day European Council meet. Nifty closed with a gain of 33 points at 8,128, while BSE Sensex ended with a gain of 122 points at 26,524.55.

On the global front, Asian markets closed in green. The Shanghai Composite index and Nikkei 225 closed marginally higher. Hong Kong’s Hang Seng index slipped 0.27%.

Tata Communications climbed 2.4% to Rs.461. Liquid Telecom, a privately owned, pan-African telecoms group, majority owned by Econet Wireless Global, announces that it has entered into an agreement to acquire South African communications network operator Neotel.

Aditya Birla Nuvo rallied 3.7% to Rs.1166 on BSE. The company entered into a joint venture with MMI Holdings, a South African financial services group, to enter the Indian health insurance market. As per the agreements, Aditya Birla Nuvo will hold 51% share in the joint venture company named Aditya Birla Health Insurance Co Ltd (ABHICL).

Gujarat Gas rose 6.5% to Rs.556, as the company was granted permission to develop city gas distribution network (CGD) in Ahmedabad district.

A2Z Infra Engineering jumped 15.2% to Rs.41.80 after the company has informed BSE that a contract has been awarded from Ministry of Energy and Mineral Development vide the Notification of Award/letter of award dated June 23, 2016 for Design, Supply and Construction of MV lines and associated low voltage network in various project areas along Kawanda Masaka 220KV Transmission Line Ref. No. MEMD/ESDP/WRKS/15-16/00010 for contract price of aggregating to USD 3.84 million.

Panacea Biotec hit 10% upper circuit at Rs.127.25. The company has launched indigenously developed high quality anti diabetic drug, TENEPAN for treatment of Type 2 diabetes Mellitus (T2DM).

Trent Ltd zoomed 5.4% to Rs.1,768 on BSE. The board of directors of the company has approved the sub-division of equity shares of the company having a face value of Rs.10 per share into equity shares having a face value of Rs. 1 each. Further, the Board also approved an enabling resolution for raising of funds by issue of Non- Convertible Debentures on a private placement basis upto an amount not exceeding Rs.300 crores.

Siemens jumped 2.8% to Rs.1,290 after the engineering firm announced that it has secured order worth Rs.570 crore from Power Grid.

USDINR trade today trading up seven paise at 67.87 per US dollar.

Out of 1,452 stocks traded on the NSE, 475 declined and 922 advanced today.

Top 5 Nifty Gainers: Hero Motocorp (1.90%), NTPC (1.72%), BHEL (1.72%), Asian Paints (1.48%) and Tata Motors (1.44%).

Top 5 Nifty Losers: ITC Ltd (-0.77%), GAIL Axis Bank (-0.53%), Hind. Unilever (-0.51%), Coal India (-0.21%) and HDFC Bank (-0.09%)

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.