After taking a breather in the previous session, the bears were back on Dalal Street. The market managed to pare some losses by closing off days low led by decline in the telecom, banking, capital goods, auto and FMCG index. Only the metals index ended with gains. Nifty closed with a loss of 66 points at 8,141, while BSE Sensex ended with a loss of 201 points at 26,525.

On the global front, Asian markets decline. The Shanghai Composite index closed marginally lower. Hong Kong’s Hang Seng index dropped 2% and Nikkei 225 cracked 3.2%.

European stocks were under pressure too as equity indices declined towards their lowest level in nearly 4-months as concerns lingered over Britain’s vote on next week. The FTSE 100 was trading down 0.65%. DAX and the CAC 40 were trading down 0.8% each.

On the economy front, India’s merchandise exports fell 0.79% at US$22.17bn in May 2016 over May 2015. Non-petroleum exports rose 1.01% at US$20.19bn in May 2016 over May 2015. Imports fell 13.16% at US$28.44bn in May 2016 over May 2015.

Maruti Suzuki dropped 3% to Rs.4,084. The stock was the top Nifty loser today. A strong yen adversely impacts Maruti Suzuki India’s operating profit margin. Japanese yen gains beyond 105/$ for first time since Sept 2014 after Bank of Japan kept policy unchanged.

Sterlite Tech jumped 5% to Rs.81.40 on Thursday. The company fixed June 16 as record date for determining eligible shareholders for the proposed de merger, as per reports.

Indian Hotels rallied 2.2% to Rs.130.25 on the BSE amid reports that foreign brokerage house – Morgan Stanley upgraded the stock to overweight from underweight earlier. Morgan Stanley almost doubled the target price for the stock to Rs.160 from Rs.83 earlier.

Deccan Cements Ltd rose 6% to Rs.877 after the company said in a notice to BSE that ICRA upgraded the rating of the company to A from BBB+ citing improvement in operational and financial performance of the company in fiscal year 2016.

TVS Motor closed marginally lower at Rs.291 on BSE. The company aims to increase the share of its best selling scooter model Jupiter to 12% in the highly competitive 110 cc scooter segment in 2016.

3I Infotech Ltd surged 18% to Rs.5.31 on BSE. The company said corporate debt restructuring panel approved debt restructuring scheme. The lenders approved converting 40% debt in to equity shares.

Oil marketing companies such as IOC, BPCL and HPCL shed up to 0.6% after petrol price was marginally hiked by 5 paise a litre and diesel by Rs 1.26 a litre.

Jindal Stainless (Hisar) soared 10.4% to Rs.40.80 on the BSE. The company experienced a spurt in volumes by more than 12.28 times.

State Bank of Mysore hit 20% upper circuit to Rs.657 after Union Cabinet approved the takeover by State Bank of India (SBI) of several subsidiaries, according to reports.

Inox Leisure slipped 0.61% to Rs.221 on BSE. The company announced an association with Paytm, to sell movie tickets to moviegoers.

Pricol jumped 9.3% to Rs.84.The company sold entire shareholding of Integral Investment for a consideration of Rs.27.84 mn.

USDINR trade today trading down seven paise at 67.22 per US dollar.

Out of 1,380 stocks traded on the NSE, 430 declined and 909 advanced today.

Top 5 Nifty Gainers: Axis Bank (1.66%), Maruti Suzuki (1.47%), Coal India (1.38%), HDFC (1.22%) and HDFC Bank (1.14%).

Top 5 Nifty Losers: Infosys Ltd (-0.73%), Sun Pharma (-0.49%), Tata Steel (-0.39%), Hind. Unilever (-0.32%) and Lupin Ltd (-0.27%)

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After falling for four consecutive trading sessions, the Indian equity markets finally made a strong comeback amid positive vibes coming from the Asian and European markets. The market rallied after Union Cabinet approved new civil aviation policy and merger of 5 associates with SBI. Nifty closed with again of 98 points at 8,206, while BSE Sensex ended with a gain of 331 points at 26,726.

On the global front, the Shanghai Composite index closed higher by 1.5%. Hong Kong’s Hang Seng index and Nikkei 225 closed marginally up.

European shares rose early on Wednesday after a five-day losing streak caused by jitters about next week’s British referendum on European Union membership. The FTSE 100 was trading up 0.87%. DAX and the CAC 40 are gained 1% each.

Shares of the subsidiaries of India’s largest bank, State Bank of India (SBI), rose today on Cabinet’s approval to the proposed merger of SBI’s five subsidiaries and Bharatiya Mahila Bank (BMB) with the parent bank. State Bank of Mysore hit a 20% upper circuit at Rs.547.90 on BSE. CNBC TV18 reported that the Cabinet has given a go-ahead to SBI and its arms for the proposed merger. On the back of the green signal given by the Cabinet, State Bank of Travancore surged 19% and State Bank of Bikaner and Jaipur soared 18% on BSE. SBI jumped 4% to Rs.216.

International Paper jumped 6% to Rs.303 after the company said in a notice to exchanges that its promoters to sell 20% stake to parent for restructuring.

Aviation stocks rallied after Union Cabinet approved the new aviation policy that brings a slew of benefits for the passengers. According to the new policy, airfare is capped at Rs.2,500 for an hour-long journey. SpiceJet surged 3.5% to Rs.67. IndiGo climbed 2%. Jet Airways closed marginally higher.

Emami Infrastructure hit 20% upper circuit at Rs. 50.10. The company announced High Court at Calcutta has, today, the June 14, 2016, sanctioned the Scheme of Arrangement for Amalgamation of Emami Realty Limited and Emami Rainbow Niketan Private Limited, the wholly-owned subsidiaries, with the Company Emami infrastructure Limited in the open Court.

NMDC gained 1% to Rs.91.70 after the company reported 4.99 million tonnes of iron ore production and logged sales volume of 4.98 MT up to May 2016. The company’s Chhattisgarh mines produced 3.29 MT of iron ore and registered sales volume of 3.31 MT, while Karnataka mines produced 1.70 MT of iron ore and sold 1.67 up to May 2016.

Thiru Arooran Sugars hit 10% upper circuit to Rs.108.05 on BSE. The company reported net profit of Rs.27.37 crore for the quarter ended March 2016 as compared with net loss of Rs.18.61 crore in a year ago quarter.

Unitech cracked 4.5% to Rs.4.91. Delhi court ordered initiation of proceedings against the company and its top bosses in a case of alleged cheating lodged by an investor for not giving him possession of a flat booked in 2006 in Greater Noida, says report.

Crompton Greaves slipped 1.4% to Rs. 135. Report says that HDFC Mutual Fund has trimmed its stake in the company by 2.01 per cent to 7.20%.

Sintex Industries jumped 6% to Rs.80.45 on BSE after the stock will be included in the futures and options segment of the National Stock Exchange with effect from July 1.

Punjab National Bank gained 1% to Rs.90.40. The bank declared a list of 913 willful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs.11,486 crore.

USDINR trade today trading up 17 paise at 67.09 per US dollar.

Out of 1,418 stocks traded on the NSE, 430 declined and 927 advanced today.

Top 5 Nifty Gainers: SBI (0.67%), GAIL (0.61%) and Tata Steel (0.52%).

Top 5 Nifty Losers: ICICI Bank (-2.68%), Maruti Suzuki (-2.38%), Bharti Airtel (-1.99%), ITC Ltd (-1.99%) and NTPC (-1.95%)

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The Indian equity market ended on a flat note on 13th June 2016 amid a volatile trading session. After opening with a positive bias, indices slipped gradually through out the day led by selling pressure in the energy, IT, oil & gas and telecom stocks. However, sudden bout of buying in the realty, metals, PSU banks and FMCG stocks in late trades aided the Nifty to bounce back sharply and close above the 8100 mark. Nifty closed with a loss of mere two points at 8,109, while BSE Sensex ended almost unchanged at 26,396.

On the global front, Asian stocks declined. In China, the Shanghai Composite index closed marginally higher. Hong Kong’s Hang Seng index and Nikkei 225 closed 1% lower respectively.

European stock markets were trading with a negative bias. The FTSE 100 was trading down 1.2%. DAX and the CAC 40 are down 1% each.

Bhushan Steel rallied 11.5% to Rs.41 after Reserve Bank of India (RBI) on Monday offered a measure of relief to banks weighed down by bad loans and their stressed corporate clients, seeking to slow the build-up of sticky loans and, at the same time, ease the pressure on company balance sheets.

KPIT Technologies dropped 5.4% to Rs.179. The company said that Copart Inc terminated the pact with unit Sparta Consulting without cause. The tech firm further said that it will defend against Copart’s claims.

Suven Life Sciences gained 1% to Rs.209.50 after the company announced that it secured grant of one product patent from Canada (2878217) and one product patent from Hong Kong (HK1176619). These patents correspond to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurode generative diseases. The patents are valid through 2032 and 2030 respectively.

DLF gained 1.6% to Rs.132.65 on BSE. Blackstone Group, GIC of Singapore and Brookfield Asset Management have over $1-bn separate bids to acquire a 40% stake in DLF’s commercial property unit, according to reports.

Reliance Defence climbed 2.3% to Rs.62.75. Reports said that the company is accelerating work on an inherited order for naval offshore patrol vessels (NOPVs) and has assured the Indian Navy of supplying all the five craft by the end of 2017.

Deepak Fertilisers & Petrochemicals Corp Ltd jumped 4.5% to Rs.162 on BSE. The company stated that Ministry of Chemicals and Fertilizers has agreed to release about Rs.485 crore outstanding subsidy payment to the company.

Unitech surged 7.7% to Rs.5.14 on BSE. The apex consumer commission has asked the company to pay over Rs.48 lakh to a Delhi resident for failing to hand over an apartment in its Greater Noida project even after a decade, as per reports.

USDINR trade today trading down 13 paise at 67.25 per US dollar.

Out of 1,336 stocks traded on the NSE, 472 declined and 819 advanced today.

Top 5 Nifty Gainers: Bharti Airtel (2.38%), SBI (1.18%), L&T (1.06%), GAIL (1.01%) and Hero Motocorp (0.97%).

Top 5 Nifty Losers: ICICI Bank (-0.92%), HDFC (-0.44%), Dr. Reddys Lab (-0.41%), Coal India (-0.24%) and TCS (-0.22%)

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.