After enjoying a fantastic rally and taking over the 26000 and 7950 mark on Tuesday, the benchmark indices ended at highest levels for the calendar year. The ongoing results season met expectations with Infy, HDFC Bank, IndusInd Bank and Reliance Industries announcing better than expected numbers. Today’s sentiment got a fillip after index constituent Yes Bank came out with another resilient quarterly earnings. Nifty closed with a gain of 17 points at 7,980 while Sensex ended with a gain of 57 points at 26,064.

The India VIX (Volatility) index was down 1.37% to 16.5. The BSE Midcap and Smallcap indices ended with marginal up.

On the global front, Asian stocks ended on a negative zone ahead of the outcome of the US Fed meet later today. China’s Shanghai Composite index and Hang Seng closed lower 0.2% each.

In Europe, the FTSE 100 is trading marginally lower by 0.16%. On the other hand, DAX and the CAC 40 are marginally lower 0.2% each.

NHPC cracked 6.5% to Rs.21.55. NHPC OFS Institutional portion has been fully subscribed. The non-retail bid got subscribed at 1.5x until 12:15 PM. The government will sell an 11.36% stake in state-owned hydropower producer NHPC Ltd through a two-day offer for sale (OFS).

Raymond surged 5% to Rs.419 after the company reported 161% growth in consolidated net profit at Rs 56.2 crore for the quarter ended March 31, 2016 compared with Rs 21.5 crore in the same quarter last fiscal.

IDFC Bank slipped 6% to Rs.49.80 after the bank reported weak earnings for the fourth quarter ended March 2016 and increase in non-performing assets.

Bharti Infratel rallied 3.2% to Rs.375.35 on BSE. The company reported consolidated net profit of Rs. 661.70 crore for the quarter ended March 31, 2016, registering growth of 18.69% yoy and 17.03%.

Axis Bank dropped 3.1% to Rs.466 on BSE. The bank reported standalone net profit of Rs.2,154.28 crore for the quarter ended March 31, 2016, registering decline of 1.21% yoy and 0.97% qoq. The bank’s standalone NII stood at Rs. 4,552.59 crore, up 19.83% yoy and 9.38%.

Yes Bank gained 0.6% to Rs.916 on BSE. The bank reported standalone net profit of Rs. 702.11 crore for the quarter ended March 31, 2016, registering growth of 27.43% yoy and 3.9%.

USDINR trade today trading up 9 paise at 66.43.

Out of 1,805 stocks traded on the NSE, 791 declined and 743 advanced today.

Top 5 Nifty Gainers: Bharti Airtel (1.63%) Coal India (0.93%), Lupin Ltd (0.91%), HDFC Bank (0.84%), and Axis Bank (0.75%).

Top 5 Nifty Losers: ITC Ltd (-1.37%), BHEL (-0.98%), Maruti Suzuki (-0.93%), GAIL (-0.58%) and Infosys Ltd (-0.57%).

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After a shaky start, the Indian equity market closed with handsome gains on Tuesday amid relentless buying in the stocks across sectors. Interest rate sensitives like banking, auto and realty stocks led the rally followed by capital goods, IT and utilities stocks. Sentiment got a boost after Maruti announced its quarterly earnings, which were better than expected. Nifty closed with a gain of 107 points at 7,963 while Sensex ended with a gain of 328 points at 26,007.

According to reports, Indian government is considering to impose a complete ban on the Foreign Direct Investment (FDI) in the tobacco sector. The Union Ministry of Commerce and Industry is reportedly working on a proposal to ban FDI in the tobacco industry.

The India VIX (Volatility) index was up 0.86% to 16.5225. The BSE Midcap and Smallcap indices ended with marginal losses.

Maruti Suzuki surged 3.6% to Rs.3869 on BSE. The company’s net profit stood at Rs. 1133 crore, dipping by ~11.7% as against Rs. 1284 crore.

KSB Pumps Ltd jumped 9% to Rs.671 after the company reported a consolidated net profit of Rs.15.4 crore as against Rs.6.4 crore in the same period a year ago.

IndusInd Bank soared 4% to Rs.1,021. The stock hit 52-week high on BSE. The bank reported standalone net profit of Rs. 620.35 crore for the quarter ended March 31, 2016, registering growth of 25.25% yoy and 6.77%.

DCB Bank jumped 2% to Rs.97 on BSE. The bank revised its base rate to 10.64% p.a. from the earlier Base Rate of 10.70% p.a. and BPLR to 17.89% p.a. from 17.95% p.a. DCB Bank on Tuesday declared its marginal cost of funds based lending rate (MCLR) for one year at 10.52 per cent. Interest rates on all rupee loans sanctioned and credit limits renewed w.e.f May 4,2016 will be priced with references to MCLR benchmark.

Hindalco climbed 4.9% to close at Rs.103.15. The stock was the top Nifty gainer today. The company has announced about the ”Revised Covering Letter- Further to our earlier communication dated 26th April, 2016, regarding Metal X Limited ongoing takeover offer for acquiring shares of Aditya Birla Minerals Ltd (ABML).

Bharat Forge gained 1.5% to close at Rs.808 on BSE. The company announced that the company has entered into a contract with Boeing for developing and manufacturing 777x titanium forgings.

A total of 26 stocks registered a fresh 52-week high in trades today, whereas 15 stocks touched a new 52-week low on the NSE.

USDINR trade today trading down 9 paise at 66.52

Out of 1,358 stocks traded on the NSE, 446 declined and 850 advanced today.

Top 5 Nifty Gainers: ONGC (3.57%) Maruti Suzuki (1.18%), Wipro (1.00%), Bharti Airtel (0.99%), and ITC ltd (0.95%).

Top 5 Nifty Losers: Axis Bank (-2.13%), ICICI Bank (-1.42%), Lupin Ltd (-0.97%), HDFC

(-0.73%) and SBI (-0.50%).

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The Indian equity market started off the week on a weak note as benchmarks gradually slipped throughout the day led by selling pressure in the power, metals, oil & gas and the auto stocks. Even the mid-cap and small-cap indices ended in the red. IT and telecom indices were the exceptions as they managed to close with marginal gains. with a loss of 44 points at 7,855 while Sensex ended with a loss of over 159 points at 25679.

M&M Financial Services Ltd climbed 8% to Rs.297 after the company posted Q4 results. The Group has posted a net profit after taxes and minority interest of Rs. 4113.267 mn for the Quarter ended March 31, 2016 as compared to Rs. 3672.551 mn for the Quarter ended March 31, 2015

Kesar Terminals & Infrastructure rallied 10.6% to Rs.433.80 after the logistics company said that it has commenced rail terminal operations and movement of goods train from the Multimodal Composite Logistics hub of Kesar Multimodal Logistics (KMLL) – the subsidiary of the company at Powarkheda, district Hoshangabad, Madhya Pradesh (MP).

Kalpataru Power Transmission Ltd gained 1.8% to Rs.217 on BSE. The company received new orders in excess of Rs.1,150 crore.

Persistent Systems Ltd slipped 3.8% to Rs. 717. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 808.07 million for the Quarter ended March 31, 2016 as compared to Rs. 760.50 mn for the Quarter ended March 31, 2015.

Cairn India Ltd dropped 3% to Rs.145. The company has slashed its capital expenditure for FY17 by one-third to US$100 million (Rs. 660 crore), reports a business daily. In an investor presentation post announcing FY16 earnings, Cairn India said that for FY17, a capex of US$100 million is planned.

Sasken Communication cracked 4.2% to Rs.346 on BSE. The company reported consolidated net profit of Rs. 174.63 crore for the quarter ended March 31, 2016, registering growth of 1451.71% qoq and 5866.18%. The company’s consolidated revenue stood at Rs. 119.82 crore, down 5.1% qoq but up 14.8%.

Bharti Airtel gained 1.6% to Rs.359 on BSE. The board of directors of the company will consider final dividend for the financial year ended March 31, 2016 or buy back of equity shares of the company or a combination thereof, in its meeting scheduled to be held on April 27.

Ultratech Cement closed marginally higher by 0.21% at Rs.3,277.60 on BSE. The company reported consolidated net profit of Rs. 722.56 crore for the quarter ended March 31, 2016, registering growth of 9.95% yoy and 32.36%.

USDINR trade today trading down 22 paise at 66.71

Out of 1,402 stocks traded on the NSE, 888 declined and 470 advanced today.

Top 5 Nifty Gainers: Tata Steel (1.84%) M&M (1.17%), BHEL (1.07%), NTPC (1.00%), and ONGC (0.73%).

Top 5 Nifty Losers: ICICI Bank (-1.94%), Adani Ports & Sez (-1.68%), Hero Moto Corp (-1.48%), Bajaj Auto (-0.75%) and Axis Bank (-0.72%).

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.