The Indian stock market rallied sharply on Monday with the NSE Nifty re-conquering the 8450 mark. The momentum was so strong that not a single sectoral index on the BSE ended in the red. The metal, auto, banking, finance, industrial, power, oil & gas, pharma and energy stocks were the top gainers. Nifty closed with again of 145 points at 8,468, while BSE Sensex ended with a gain of 500 points at 27,627.

On the global front, Asian markets closed in green. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher. and Nikkei 225 gained 3%.

Coal India closed 2.8% higher at Rs.320 ahead of the board meeting. The company will consider a proposal to buy back its shares at a meeting scheduled for July 11. At present the Central government holds 79.65% stake in the company.

Ashok Leyland slipped 0.59% to Rs.93.35 after the company bagged orders for nearly 3600 Buses from various STUs in the current fiscal.

Cadila Health care rose 3.2% to Rs.370.80 on BSE. The drug major sees big growth opportunity in US and Latin American formulation markets and plans to enhance share in the US generics market by launching complex, oral solids and formulations.

Tata Motors climbed 4% to Rs.484.50 on BSE. Tata Motors Group global wholesales in June 2016, including Jaguar Land Rover, were at 92,551 units, higher by 21%, over June 2015 whereas cumulative wholesales for the fiscal were 2,61,262 units, higher by 12%, over 2015-16.

Surya Roshni rose 2.8% to Rs.172. The company informed that Care rating has upgraded the rating of its short term bank facilities to Care A1 and long term bank facilities to Care A.

Premier Explosives jumped 3%. The company announced that the company delivered its 1000th Akash Missile Booster Grain to Bharat Dynamics Limited at a special event held on July 09, 2016, at its factory premises in Peddakandukuru village in Nalgonda district, Telangana state.

USDINR trade today trading up 16 paise at 67.20 per US dollar.

Out of 1,439 stocks traded on the NSE, 596 declined and 767 advanced today.

Top 5 Nifty Gainers: Axis Bank (1.95%), ICICI Bank (1.70%), Tata Steel (1.13%), Maruti Suzuki (1.12%) and NTPC (0.95%).

Top 5 Nifty Losers: Coal India (-1.44%), BHEL (-0.93%), CIPLA (-0.80%), Sun Pharma (-0.77%) and Dr. Reddys Lab (-0.68%)

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The Indian equity market ended with marginal losses on Friday amid another lackluster day of trades. Weak global cues and profit booking saw the indices close with minor losses. Once again indices were unable to find a specific direction for second consecutive day. Barring the consumer discretionary, auto and health care index all the other BSE sectoral indices ended with losses. Telecom, oil & gas, capital goods and banking stocks were among the major losers even the small-cap index ended with losses.. Nifty closed with a loss of 15 points at 8,323, while BSE Sensex ended with a loss of 75 points at 27,127.

On the global front, Asian shares closed in red. Japan’s Nikkei and China’s Shanghai Composite dropped 1% each while Hong Kong’s Hang Seng slipped 0.69%.

European shares were trading flat. The FTSE 100 is trading marginally lower. The CAC 40 and DAX gained over 0.7%.

Jubilant FoodWorks and Westlife Development plunged over 2% on reports that Kerala government has imposed 14.5% ‘Fat Tax’ on Junk Food.

8K Miles Software climbed 10.8% to Rs.1970.10. The company announced 167.69% rise in consolidated net profit figures for the latest quarter ended June 30, 2016.

South Indian Bank gained 1.6% to Rs.22.60 on BSE. The Bank posted a net profit of Rs.950.60 million for the quarter ended June 30, 2016 as compared to Rs.652.90 million for the quarter ended June 30, 2015.

Hatsun Agro Product rose 6%after the Board of Directors of the Company to consider and allot Bonus Equity Shares in the ratio of 2 new equity shares of Re. 1/- each credited as fully paid-up for every 5 existing equity shares of Re.1/- each. The stock was higher by 8% at Rs. 497.75.

Dewan Housing Finance Corporation gained 0.78% to Rs.214 after the stock turned ex-dividend today, 8 July 2016, for final dividend of Rs.2 per share for the year ended 31 March 2016.

Telecom stocks closed lower on BSE. The department of telecommunications will soon issue a demand notice of over Rs.12,500 crore to six telecom operators who were found by the Comptroller and Auditor General of India (CAG) to have under-reported revenues to the tune of Rs.46,000 crore between 2006 and 2010, according to media report. Bharti Airtel Ltd falls 2.3%, Idea Cellular Ltd plunged 3%, Reliance Communications slipped 3.2%.

Zee Learn jumped 8.3% to Rs.32.30. The company’s registered 102.52% rise in net profit figures at Rs.8.02 crore against Rs.3.96 crore in the corresponding quarter a year ago, while total income was up 17.5% at Rs.42 crore versus Rs.35.79 crore.

USDINR trade today trading up six paise at 67.32 per US dollar.

Out of 1,511 stocks traded on the NSE, 917 declined and 546 advanced today.

Top 5 Nifty Gainers: Tata Motors (3.50%), ICICI Bank (3.33%), NTPC (2.97%), Adani Ports & Sez (2.54%) and L&T (2.22%).

Top 5 Nifty Losers: There are no losers currently.

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The Indian stock market ended almost unchanged amid a lackluster day of trades. After enjoying a mid-week break, indices were stuck in a narrow trading range on Thursday(7^th July 2016). Nifty closed almost flat at 8,338, while BSE Sensex ended with again of 35 points at 27,201.

On the global front, Asian shares closed mixed. Japan’s Nikkei and China’s Shanghai Composite dropped between 0.1%-0.67% while Hong Kong’s Hang Seng closed in green.

European shares were trading higher. The FTSE 100 and the CAC 40 were trading up 1.4% each. DAX gained 0.98%.

Lupin soared 6.2% to Rs.1657. The pharma company received notification that the inspection carried out by the US FDA in July 2015 at its Goa Facility is now closed and the agency has issued Establishment Inspection Reports (EIR).

Tata Steel dropped 5% to Rs.316.5. Tata Steel is expected to announce on Friday that it will pause the sale of most of its UK business, including Port Talbot, according to reports.

Bharat Forge tumbled 3.4% to Rs.742. The company said its Class 8 truck orders for June down 34% from a year ago and down 8% on month on month at Rs.13,000 units.

Punjab National Bank rose 2.7% to Rs.117 on BSE. The stock rallied after its subsidiary PNB Housing Finance filed a prospectus for a Rs.2,500 crore initial public offer (IPO).

Claris Life sciences surged 5.6% after the company received approval from the US Food and Drug Administration to market Tobramycin injection in the US. Claris Life sciences said that the approval is for Tobramycin injection USP, 80mg/2mL and 1,200mg/30mL multiple dose vials.

JBF Industries tumbled 5.7% to Rs.207.80 on BSE. The company said its net loss of the March quarter widened to Rs.159.11 crore as compared to Rs.54.06 crore a year ago.

Southern Online Bio Technologies hit 20% upper circuit to Rs.12.13.The company received letter of intent from Hindustan Petroleum Corporation Limited for the supply of 1500 Kilo Liters of Bio Diesel from July to September 2016 to its Secunderabad location in Telangana State.

Dhanlaxmi Bank galloped 19.4% to Rs.29.25. The Board of Directors of the Bank approved the proposal for further issue of Equity Shares upto a maximum of Rs.200 crore on Preferential Allotment basis and hold Postal Ballot for seeking approval of shareholders for the same.

Vakrangee zoomed 4% after the company entered into Corporate Agency tie-up with Religare Health Insurance Company (Religare), to distribute health Insurance product through Vakrangee distribution network. Citizens, especially in UN-served and undeserved areas shall be able to access health Insurance products and services offered/to be offered by Religare Health Insurance Company.

NBCC (India) rallied 10.5% to Rs.215.30. The company secured a total business of Rs.578.47 crore (approx) in the month of June,2016.

Kalpataru Power Transmission soared 4.7% to Rs.268 after the company secured new orders exceeding Rs.1900 crores.

USDINR trade today tradingup eight paise at 67.37 per US dollar.

Out of 1,431 stocks traded on the NSE, 652 declined and 736 advanced today.

Top 5 Nifty Gainers: Lupin Ltd (6.25%), Hind. Unilever (3.03%), Dr. Reddys Lab (2.97%), HDFC (2.51%) and HDFC Bank (1.76%).

Top 5 Nifty Losers: Tata Steel (-4.92%), TCS (-2.16%), Coal India (-1.96%), Adani Ports & Sez (-1.84%) and Infosys Ltd (-1.55%)

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