Share Market News: Today's Nifty & Sensex Updates

Share Market News: Today's Nifty & Sensex Updates

Apr 25, 2018 | 04:45 PM IST

Share Market News

Share Market News 26-April-2018

Market Surged On The Expiry Day; Nifty Above 10,600

The Benchmark indices opened flat on Thursday as Sensex was up 40 points & Nifty up 5 points, amid consolidation. The equity market continued to trade mildly higher as Sensex was 70 points while Nifty traded above 10,550 levels, ahead of F&O expiry. Reliance, TCS, Tata Motors, HDFC bank & realty stocks supported the market while OMCs, Wipro, Axis Bank & ICICI bank capped gains. Nifty midcap also traded flat.

In the afternoon session, the equity benchmark continued to trade mildly higher as Sensex was up 50 points while Nifty inched towards 10,600, ahead of April F&O contracts expiry. Reliance, TCS, HDFC Bank & Infosys continued to support the market while oil & gas, PSU banks, Axis bank copped gains. Midcap traded mildly higher.

In the last hour of the trade, the market extended gains as Sensex rose over 200 points while Nifty was above 10,600. The market ended on a strong note. Nifty Pvt. bank, FMCG, IT led the rally while PSU bank, Realty & OMC traded lower. Nifty midcap was up 74 points. Sensex closed 212.33 points up at 34,713.60, Nifty up by 47.25 points at 10,617.80.

Top Gainers

Yes bank by 10.12% to Rs.358.15, IndusInd Bank by 2.02% to Rs.1,885, HUL by 1.98% to Rs.1,488.15, ITC by 1.70% to Rs.278.75, Eicher Motors by 1.55% to Rs.31,225.

Top Losers

Bharti Airtel by -3.08% to Rs.406.90, Lupin by -2.66% to Rs.793.00, Infratel by -2.50% to Rs.317.30, Wipro by -2.39% to Rs.280.30, SBIN by -1.67% to Rs.233.25.

Analysis Of Top Gainer And Loser

Yes Bank is the top gainer in today's market as bank's Q4 earnings beat analyst estimates, with profit growing 29% YoY on healthy growth in NII, which increased by 31.4%. Asset quality strengthened as net NPA of total advances stood at 0.64% versus 0.93% (QoQ).

Bharti Airtel is the top loser in today's market as the company will consider selling the stake in the combined company that will emerge after merger on Indus towers into Bharti Infratel.

Key Market News

According to the International Monetary Fund (IMF), the impact of higher oil prices on Indias gross domestic product may not be all that much this year and the next. Indias terms-of-trade loss as a percent of GDP over 2018-2019 at 0.18%, much lower than the 1.5% loss seen in 2017. The loss, of course, is due to a rise in oil prices. Conversely, when oil prices fell in 2015 and 2016, India had large windfall gains of around 4% of GDP. IMF estimates dated Brent crude oil price to average $64.6 a barrel for 2018, up 19% over 2017.

The European Central Bank is set to keep policy unchanged. Playing down worries over recent softness in the eurozone economy and leaving the door open to ending its lavish bond purchase scheme by the close of the year. Having tweaked its guidance last month to reflect solid growth, the ECB will probably argue that the economy is humming along and that the exceptional readings seen around the turn of the year were always unlikely to be sustained, economists said.

Stocks To Watch

Yes Bank Ltd. is on the upside while is DCM Shriram Ltd. on the downside.

Yes Bank is currently trading at Rs.358.15, up by Rs.32.90 or 10.12% from its previous closing of Rs.325.25 on the NSE. The scrip opened at Rs.327.95 & has touched a high & low of Rs.360.25 and Rs.323.60 respectively. So far 6,23,64,794 (NSE) shares were traded on the counter. The current market cap of the company is Rs.81,075.96 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.382.90 on 21-September-2017 & a 52 week low of Rs.275.25 on 23-May-2017.

DCM Shriram is currently trading at Rs.328.75, down by Rs.40.65 or 11% from its previous closing of Rs.369.40 on the NSE. The scrip opened at Rs.370 & has touched a high and low of Rs.373.95 & Rs.302 respectively. So far 19,11,608 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,424.21 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.628 on 19-December-2017 and a 52 week low of Rs.302 on 26-April-2018.

Share Market News 25-April-2018

2-Days Gains Come To A Halt Ahead Of F&O Expiry; Nifty Below 10,600

The Benchmark indices opened lower with Sensex was down 50 points & Nifty below 10,600, tracked the negative trend in global stocks. The equity market continued to trade mildly lower as Sensex was down nearly 100 points while Nifty traded below 10,600, amid consolidation. Banking & finance, oil, metals & infra stocks remained under pressure while among sectoral indices IT index rose over 1% ahead of Wipro earnings. Nifty midcap also traded lower.

In the afternoon session, equity benchmark extended losses as Sensex was down over 180 points while Nifty fell below 10,550 levels ahead of April derivative expiry. The index got dragged by banking & finance, metals, infra & FMCG stocks while IT & Realty index outperformed. Nifty midcap fell over half a percent.

In the last hour of trade, the market trimmed losses as Sensex was down over 100 points while Nifty traded below 10,600. The market closed lower ahead of the expiry of April derivative contracts. Baring IT (up 1.15%) & Realty all sectoral index traded in red led by banking & finance, metal, Pharma. Nifty midcap fell 81 points. Sensex closed 115.37 points down at 34,501.27, Nifty down by 43.80 points at 10,570.55.

Top Gainers

Bharti Airtel by 2.90% to Rs.418.05, TCS by 2.37% to Rs.3,466, M&M by 1.72% to Rs.853.00, Power Grid by 1.36% to Rs.209.25, HCL Tech by 1.68% to Rs.1,070.

Top Gainers

GAIL by -3.09% to Rs.327.30, VEDL by -2.99% to Rs.288.50, HindPetro by -2.86% to Rs.297.25, Hindalco by -2.32% to Rs.231.25, Grasim by -1.81% to Rs.1,060.85.

Analysis Of Top Gainer And Loser

Bharti Airtel is the top gainer in today's market as the company posted a surprise profit led by improvement in its Africa business and a deferred tax credit of Rs.464 crore. However, net profit fell 73% to Rs.83 crore in the quarter ended March.

GAIL is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption, and the average GDP growth is expected to rise to 7.8% in the first half of this year, says a report. According to the Japanese financial services major Nomura, investment and consumption demand are the main drivers for India's growth, amid worsening net exports.

In other news, the Government of India has inked a loan agreement of USD 125 million with World Banks investment arm to fund Innovate in India project. The loan agreement was signed yesterday between Sameer Kumar Khare, joint secretary, Ministry of Finance and Hisham Abdo, Acting Country Director, World Bank (India), an official statement said today. The objective of the project is to nurture indigenous innovation, foster local product development and accelerate commercialisation process, the report said.

Stocks To Watch

NIIT Technology Ltd. is on the upside while is PC Jeweller Ltd. on the downside.

NIIT Tech is currently trading at Rs.1,095, up by Rs.98.90 or 9.92% from its previous closing of Rs.996.20 on the NSE. The scrip opened at Rs.990.00 & has touched a high & low of Rs.1,102 and Rs.988.00 respectively. So far 70,03,708 (NSE) shares were traded on the counter. The current market cap of the company is Rs.6,642.79 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,102 on 25-April-2018 & a 52 week low of Rs.420.45 on 24-April-2017.

PC Jeweller is currently trading at Rs.243.00, down by Rs.46.35 or 16.02% from its previous closing of Rs.289.35 on the NSE. The scrip opened at Rs.288.00 & has touched a high and low of Rs.290.55 & Rs.238.10 respectively. So far 2,33,95,072 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,632.13 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.600.65 on 16-January-2018 and a 52 week low of Rs.208.00 on 25-May-2017.

Share Market News 24-April-2018

Reliance Lifts Market To 2 Month's High; Nifty Above 10,600

The Benchmark indices opened higher with Sensex rose over 100 points & Nifty near 10,600, followed a positive lead from Asian stocks. The equity market held morning gains as Sensex was up 100 points while Nifty hovered around 10,600 levels, backed by banking & finance, FMCG and oil stocks while metal & technology stocks were under pressure. Nifty midcap was mildly higher.

In the afternoon session, equity benchmark regained strength as Sensex was up 160 points while Nifty traded above 10,600 level, backed by Index heavyweights Reliance, HDFC & ICICI Bank while metal & technology stocks continued to reel under selling pressure. Nifty midcap also turned lower.

In the last hour of trade, the market continued to trade higher as Sensex was up nearly 200 points while Nifty above 10,600. The market closed higher thanks to the positive trend in Asian stocks. Reliance, HDFC, ICICI Bank led the market while IT, Metal, Media & PSU bank index fell over 1%. Nifty midcap also traded lower. Sensex closed 165.87 points up at 34,616.64, Nifty up by 29.65 points at 10,614.35.

Top Gainers

Reliance by 3.64% to Rs.970.05, Yes Bank by 3.50% to Rs.342.00, Bajaj Finserv by 2.52% to Rs.5,427.65, M&M by 1.73% to Rs.838.55, ICICI Bank by 1.68% to Rs.284.10.

Top Losers

Hindalco by -7.37% to Rs.236.75, Wipro by -3.50% to Rs.286.95, INFY by -2.80% to Rs.1,154.50, TECHM by -1.39% to Rs.682.70, VEDL by -1.33% to Rs.297.40.

Analysis Of Top Gainer And Loser

Reliance Industries is the top gainer in today's market as Reliance Jio, the subsidiary of Reliance Industries has added 87.4 lakh subscribers in February compared to 83 lakh in the previous month.

Hindalco is the top loser in today's market as Aluminium prices continued to fall after the US government gave US customers of Russian producer United Company Rusal more time to close out their business with the company and comply with sanctions.

Key Market News

Construction of national highways has increased to record levels and the momentum is expected to continue in this financial year, too, as funding is not an issue and the pace of land acquisition has improved, says a report. According to BofA Merrill Lynch (BofAML), 2018-19 is likely to be another robust year for the highway sector, even as some disruption is likely in the fourth quarter of this fiscal owing to 2019 general elections. Ordering and construction of national highways have increased to the all-time high of 17,055kms/9,829kms, respectively in FY18.

The Trump administration is planning to end allowing spouses of H-1B visa holders to work legally in the U.S., a top federal agency official has told lawmakers, a move that could have a devastating impact on tens of thousands of Indians.

For the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control. It also extended the deadline for companies to wind down dealings with the Russian aluminium producer by almost five months.

Stocks To Watch

Indiabulls Venture Ltd. is on the upside while is Coromandel International Ltd. on the downside.

Indiabulls Venture is currently trading at Rs.429.65, up by Rs.39.05 or 10% from its previous closing of Rs.390.60 on the NSE. The scrip opened at Rs.386.95 & has touched a high & low of Rs.429.65 and Rs.383.15 respectively. So far 83,70,502 (NSE) shares were traded on the counter. The current market cap of the company is Rs.18,965.30 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.429.65 on 24-April-2018 & a 52 week low of Rs.102.30 on 03-May-2017.

Coromandel is currently trading at Rs.470.45, down by Rs.58.50 or 11.06% from its previous closing of Rs.528.95 on the NSE. The scrip opened at Rs.533.30 & has touched a high and low of Rs.536.00 & Rs.458.55 respectively. So far 24,29,573 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,771.26 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.586.75 on 01-January-2018 and a 52 week low of Rs.345.05 on 28-April-2017.

Share Market News 23-April-2018

Market Closed Flat As Nifty Below 10,600; TCS Stole The Show

The Benchmark indices opened lower on Monday as it opened 50 points down while Nifty fell 9 points, amid Global weakness. The equity market gained strength as Sensex rose over 100 points while Nifty reclaimed 10,600 levels. Information Technology was the leading sector as Nifty IT rallied over 1.5% followed by Realty, Pharma while FMCG & Metal remained under pressure. Nifty midcap outperformed frontliners, was up over half a percent.

In the afternoon session, equity benchmark extended gains as Sensex surged nearly 200 points while Nifty was well above 10,600 levels, backed by Technology stocks. Nifty IT index further rallied by 2.5% followed by Realty, Pharma while FMCG & Metal were in red. Nifty midcap was up nearly 1%.

In the last hour of trade, the market was off days high due to depreciation in rupee as Sensex was up nearly 100 points while Nifty was above 10,600. The market ended flat due to more weakness in rupee & weak global cues. Nifty Realty, Pharma, IT supported the market while FMCG, Metal & Financial Services remained under pressure. Nifty midcap index was up by 100 points. Sensex closed 35.19 points up at 34,450.77, Nifty up by 20.65 points at 10,584.70.

Top Gainers

IndusInd bank by 3.74% to Rs.1,880.60, M&M by 2.95% to Rs.823.05, BPCL by 2.65% to Rs.381.25, Cipla by 2.03% to Rs.601.00, Sun Pharma by 1.98% to Rs.515.30.

Top Losers

Hindalco by -2.71% to Rs.255.00, IBULHSGFIN by -2.51% to Rs.1,322, UPL by -1.80% to Rs.752.00, VEDL by -1.39% to Rs.304.30, Grasim by -1.33% to Rs.1,086.15.

Analysis Of Top Gainer And Loser

IndusInd Bank is the top gainer in today's market as private sector lender reported 27% YoY growth in net profit to Rs.959.09 crore for the January-March period of FY17-18.

Hindalco is the top loser in today's market as some profit booking was seen in the stock.

Key Market News

Tata Consultancy Services Ltd (TCS), Indias largest information technology (IT) services firm, become the first Indian company to cross the $100 billion market capitalisation milestone. The recent surge in TCS shares was triggered by better than expected earnings reported on Thursday after 13 quarters of under-performance. TCS announced a bonus of 1:1 and recommended a final dividend of Rs.29 a share also improved sentiment.

As the Reserve Bank has given no relaxation to its February 12 framework on the resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector. On February 12, the central bank had come out with a revised framework for the resolution of stressed assets. The new set of rules aim at quick reporting of defaults, coming out with resolution plans for defaulting companies and time-bound referrals of defaulting firms to the National Company Law Tribunal (NCLT).

Stocks To Watch

Oberoi Realty Ltd. is on the upside while is Vakrangee Ltd. on the downside.

Oberoi Realty is currently trading at Rs.590.45, up by Rs.69.20 or 13.28% from its previous closing of Rs.521.25 on the NSE. The scrip opened at Rs.525.90 & has touched a high & low of Rs.592.00 and Rs.525.90 respectively. So far 23,14,914 (NSE) shares were traded on the counter. The current market cap of the company is Rs.19,673.16 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.592.00 on 23-April-2018 & a 52 week low of Rs.335.30 on 28-June-2017.

Vakrangee is currently trading at Rs.129.05, down by Rs.6.75 or 4.97% from its previous closing of Rs.135.80 on the NSE. The scrip opened at Rs.138.00 & has touched a high and low of Rs.138.80 & Rs.113.90 respectively. So far 60,96,305 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,658.56 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.515.00 on 24-January-2018 and a 52 week low of Rs.113.90 on 18-April-2018.

Share Market News 19-April-2018

Market Back On Winning Streak, Nifty Above 10,550; Metals Shine

The Benchmark indices rebounded on Thursday as Sensex rose over 100 points & Nifty above 10,550, followed a positive lead from global stocks. The equity market continued to trade higher, amid volatility as Sensex was up 80 points while Nifty traded above 10,500 levels. Nifty Metal index extended gains, was up 4% & IT also rose over 1% while OMCs was down to 5%. Nifty midcap rose.4%.

In the afternoon session, equity benchmark continued to trade mildly higher as Sensex was up 80 points while Nifty hold above 10,550, despite higher crude oil prices. Nifty Metal, FMCG & IT index led the market while OMCs & selected banks & financial copped gains. Nifty midcap also traded higher.

In last hour of trade market traded higher as Sensex rose over 50 points while Nifty above 10,550 above. The market closed higher despite crude oil prices, backed by Metal, IT & FMCG stocks led by Metal Index, was up by 4.52%. Nifty midcap index was up by 133 points. Sensex closed 95.61 points up at 34,427.29, Nifty up by 39.10 points at 10,565.30.

Top Gainers

Hindalco by 8.81% to Rs.264.20, VEDL by 6.65% to Rs.310.45, Tata Steel by 3.29% to Rs.610.40, Yes Bank by 2.89% to Rs.318.50, Bharti Airtel by 2.64% to Rs.394.40.

Top Losers

BPCL by -7.11% to Rs.376.40, HindPetro by -5.62% to Rs.3021.65, IOC by -4.09% to Rs.158.20, Titan by -2.57% to Rs.952.00, HDFC by -0.89% to Rs.1,861.00.

Analysis Of Top Gainer And Loser

Hindalco is the top gainer in today's market as aluminium prices surged 5% to highest in almost 7 years on Thursday. LME aluminium climbed as far as $2,664.50 a tonne, highest since August 2011.

BPCL is the top loser in today's market as Brent crude oil futures hit USD 74 a barrel after a decline in US crude inventories and top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.

Key Market News

India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue underperformance resulting in cuts to capital expenditures, the IMF said today. In its Fiscal Monitor report titled 'Capitalising on Good times', the IMF said that relatively buoyant revenues supported by base-broadening efforts and lower capital expenditures were offset by higher spending (including higher compensation to states for the rollout of the GST) and lower profit transfers from the Reserve Bank of India due to costs incurred during the demonetisation.

The International Monetary Fund (IMF) said that Indias combined gross debt, including that of the central and state governments, is set to decline by almost nine percentage points to 61.4% of gross domestic product (GDP) by 2023-24. What will support a gradual decline in the debt-to-GDP ratio is both a gradual reduction in overall deficit as well as continued high nominal GDP growth, said Andreas Bauer, IMF senior resident representative for India.

Stocks To Watch

Hindustan Copper Ltd. is on the upside while is BPCL on the downside.

HindCopper is currently trading at Rs.80, up by Rs.8.60 or 12.04% from its previous closing of Rs.71.40 on the NSE. The scrip opened at Rs.72.90 & has touched a high & low of Rs.82.05 and Rs.72.60 respectively. So far 2,73,96,298 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,369.36 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.110.50 on 07-November-2017 & a 52 week low of Rs.56.55 on 27-September-2017.

BPCL is currently trading at Rs.376.40, down by Rs.28.80 or 7.11% from its previous closing of Rs.405.20 on the NSE. The scrip opened at Rs.396 & has touched a high and low of Rs.397.85 & Rs.375.35 respectively. So far 1,59,39,417 (NSE) shares were traded on the counter. The current market cap of the company is Rs.81,900.14 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.551.55 on 30-October-2017 and a 52 week low of Rs.375.35 on 19-April-2018.

Share Market News 18-April-2018

Market Snapped 9 Days Winning Streak; Bank Nifty Down

The Benchmark indices opened higher on Wednesday as Sensex rose 100 points & Nifty above 10,550, followed positive from global stocks. The equity market traded near days high as rose 80 points while Nifty inched towards 10,600 levels, amid positive global cues. Among sectoral index Nifty FMCG & Media rose over 1.5% while Auto, Bank traded under pressure. Nifty midcap traded mildly higher.

In the afternoon session, equity benchmark extended gains as Sensex was up 120 points while Nifty traded near 10,600 levels on hopes of strong earnings growth. Nifty FMCG, Media & Realty index led the rally while Auto, Bank & Financial sectors were under pressure. Nifty midcap also traded higher.

In last hour of trade market erased gains as Sensex was down by 80 points while Nifty traded below 10,550 levels. The market closed lower for the first time in last 10 days, dragged by banks. Nifty FMCG & Media index was up over 1.5% while Bank & financials, Pharma traded in red. Nifty midcap index closed mildly lower. Sensex closed 63.38 points down at 34,331.68, Nifty down by 22.50 points at 10,526.20.

Top Gainers

ITC by 3.33% to Rs.276.50, Wipro by 2.90% to Rs.290.00, Ultratech Cement by 2.29% to Rs.4,007, ZEEL by 2.22% to Rs.588.25, GAIL by 2.01% to Rs.332.20.

Top Losers

HindPetro by -3.03% to Rs.320.05, Axis Bank by -2.76% to Rs.517.70, Titan by -1.98% to Rs.977,80, Lupin by -1.75% to Rs.790.95, Tech Mahindra by -1.54% to Rs.658.00.

Analysis Of Top Gainer And Loser

ITC is the top gainer in today's market as normal monsoon prediction & rural demand growth is expected to be higher, will lead to good January-March 2018 numbers.

HindPetro is the top loser in today's market as oil & marketing companies are continued to tumble ahead of OPEC meeting later this week.

Key Market News

The International Monetary Fund (IMF) has maintained its forecast for Indias economic growth at 7.4% in 2018-19, which will again make the country the fastest-growing large economy after losing this tag to China by a close margin in 2017-18. For 2019-20, the IMF has projected India to grow at 7.8%. By comparison, the Chinese economy is expected to slow down to 6.4% in 2019, down from 6.6% in 2018. India is likely to have grown 6.7% in 2017-18, the IMF said. In fact, the IMF projection for 2017-18 is a tad higher than 6.6%, pegged by the second advance estimates by the Central Statistics Office. China grew 6.9% in 2017.

India increased highway award target after handing out contracts for record length in the previous fiscal year. The Ministry of Road Transport & Highways set a target of awarding over 20K kms. length of national highways in the year through March 2019, according to its statement. Thats 25% more than the previous fiscal year. The ministry is making all-out efforts for improving and strengthening the highways network in the country, Nitin Gadkari, the minister in charge, said in the statement.

Stocks To Watch

Taj GVK Hotels & Resorts Ltd. is on the upside while is D B Realty Ltd. on the downside.

Taj GVK is currently trading at Rs.235.00, up by Rs.24.25 or 11.51% from its previous closing of Rs.210.75 on the NSE. The scrip opened at Rs.215.00 & has touched a high & low of Rs.248.00 and Rs.213.05 respectively. So far 43,08,678 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,461.57 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.248.00 on 18-April-2018 & a 52 week low of Rs.145.55 on 23-May-2017.

D B Realty is currently trading at Rs.60.40, down by Rs.4.90 or 7.50% from its previous closing of Rs.65.30 on the NSE. The scrip opened at Rs.65.50 & has touched a high and low of Rs.65.70 & Rs.59.50 respectively. So far 11,56,622 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,466.85 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.86.00 on 11-January-2018 and a 52 week low of Rs.32.15 on 11-August-2017.

Share Market News 17-April-2018

Sensex & Nifty Post Longest Winning Rally Over 3 Years

The Benchmark indices opened mildly higher on Tuesday with Sensex was up by 70 points & Nifty nearly 10,550, amid positive global cues. The equity market continued to trade with mild gains as Sensex was up 60 points while Nifty traded near 10,550 level amid consolidation. Nifty Metal, Realty & FMCG index traded higher while Auto & Pharma traded under pressure. The Nifty Midcap index continued to outperform frontliners, rose 0.4%.

In the afternoon session, equity benchmark continued to trade in a range as Sensex was up 40 points while Nifty traded below 10,550 levels, as investors await more corporate earnings. FMCG, Realty & Metal stocks traded higher while Technology, Auto & Pharma stocks traded lower while Nifty midcap traded flat.

In the last hour of trade, the market continued to trade higher as Sensex was up nearly 100 points while Nifty traded above 10,550 levels. The market managed to end near days high. Nifty FMCG & Realty index lead to rally while selected banks, Pharma, IT, traded lower. Nifty midcap index was up 26 points. Sensex closed 89.63 points up at 34,395.06, Nifty up by 20.35 points at 10,548.70.

Top Gainers

Power Grid by 2.86% to Rs.204.90, Hindustan Unilever by 2.18% to Rs.1,450.50, Titan by 2.18% to Rs.999.00, Bharti Airtel by 1.55% to Rs.382.20, ICICI Bank by 1.50% to Rs.291.90.

Top Losers

Infratel by -1.93% to Rs.333.50, Axis Bank by -1.83% to Rs.532.45, Wipro by -1.60% to Rs.285.25, Sun Pharma by -1.23% to Rs.513.00, Adani Ports by -1.03% to Rs.383.50.

Analysis Of Top Gainer And Loser

Power Grid is the top gainer in today's market as around 83% of the analysts have given a buy rating on the stock.

VEDL is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Monsoon this year is expected to be normal for the third straight year. India will receive 97% of the long-period average rainfall this year, according to the Indian Meteorological Department. We feel that India is going to experience a third successive normal monsoon, KJ Ramesh, director general of meteorology at the IMD said in a media conference. There is a very less probability of deficit monsoon.. Between 96% & 104% of the long period average is considered a normal monsoon, and the margin of error is 5%. IMD said that it will come out with its next forecast in June and release an assessment of the onset of monsoon in Kerala on May 15.

India needs to create 8.1 million jobs a year to maintain its employment rate, said a World Bank report which projected the country's growth to accelerate to 7.3% in the current financial year. More than 1.8 million young people will reach working age every month in South Asia through 2025 and the good news is that economic growth is creating jobs in the region, said Martin Rama, World Bank South Asia Region Chief Economist.

Stocks To Watch

EIH Ltd. is on the upside while is Welspun India Ltd. on the downside.

EIH is currently trading at Rs.203.00, up by Rs.31.00 or 18.02% from its previous closing of Rs.172.00 on the NSE. The scrip opened at Rs.173.65 & has touched a high & low of Rs.206.40 and Rs.171.10 respectively. So far 36,64,475 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,505.69 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.231.60 on 16-January-2018 & a 52 week low of Rs.122.80 on 17-April-2017.

Welspun India is currently trading at Rs.52.60, down by Rs.2.60 or 4.71% from its previous closing of Rs.55.20 on the NSE. The scrip opened at Rs.55.10 & has touched a high and low of Rs.55.15 & Rs.51.50 respectively. So far 25,84,821 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,274.81 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.99.70 on 03-May-2017 and a 52 week low of Rs.51.50 on 17-April-2018.

Share Market News 16-April-2018

Market Rose For 8th Day In A Row; Nifty Above 10,500 levels

The Benchmark indices opened lower with Sensex fell over 200 points & Nifty below 10,450 levels, followed the negative lead from global stocks. The equity market recouped more than half the losses but remained under pressure as Sensex was down over 80 points while Nifty traded above 10,450 levels. among sectoral indices Pharma, FMCG & Realty traded higher while IT, PSU Bank & Auto declined. Nifty midcap traded on a flat note.

In the afternoon session, equity benchmark recovered all the losses as Sensex was up over 50 points while Nifty reclaimed 10,500 levels, backed HDFC group stocks & ITC. Nifty Realty, Pharma, FMCG rose over 1% with Banks & financials also traded higher while IT & PSU bank declined. Nifty midcap was up over .50%.

In last hour of trade market remained positive as Sensex rose over 100 points & Nifty traded above 10,500 levels. The market closed in the green for 8th consecutive sessions. Nifty Realty, FMCG, Pharma rose over 1%, Financials & Pvt. bank also traded higher while IT & PSU bank declined. Nifty midcap was up .80%. Sensex closed 112.78 points up at 34,305.43, Nifty up by 47.75 points at 10,528.35.

Top Gainers

Cipla by 5.32% to Rs.585.05, Grasim by 2.90% to Rs.1,094.45, Hero Motocorp by 2.18% to Rs.3,807.00, UPL by 2.08% to Rs.762.65, NTPC by 2.05% to Rs.174.45.

Top Losers

Tata Motors by -4.78% to Rs.340.00, Infosys by -3.15% to Rs.1,134.50, Wipro by -1.65% to Rs.289.30, SBIN by -0.78% to Rs.249.00, Titan by -0.72% to Rs.980.00.

Analysis Of Top Gainer And Loser

HCL Tech is the top gainer in today's market as Rupee continued to shed to hit a fresh 5-month low due to a surge in crude oil prices & geopolitical tension. Also, Q4 earnings are expected to be on the better side.

VEDL is the top loser in today's market as companys iron ore production in Goa fell 58% to 1.5 million tonne in January-March due to lower demand for low-grade ore & closure of mining operations in the state.

Key Market News

Indias annual wholesale price index (WPI) based inflation slightly eased in March, helped by a fall in food prices, government data showed on Monday. Annual wholesale price inflation last month eased to 2.47% from a year earlier, a shade lower than a provisional 2.48% rise in February. Wholesale food prices in March fell 0.07% year-on-year, compared with a 0.07% rise a month earlier, data showed.

The Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit, said two officials aware of the development. The finance ministry has made a case for providing some relief, especially for small and medium enterprises, given that the tighter rules could force defaulters into rapid bankruptcy, which could dent jobs generation, they said. The one-day, non-performing asset (NPA) classification norm may be extended to 30 days and the requirement that a resolution plan has to be approved by all lenders could be lowered to 75%, they said. This will mean that only if any amount is due for more than 30 days will it be considered a default.

Stocks To Watch

Indiabulls Venture Ltd. is on the upside while is Bhansali Engineering Polymers Ltd. on the downside.

IBV is currently trading at Rs.380.80, up by Rs.63.45 or 19.99% from its previous closing of Rs.317.35 on the NSE. The scrip opened at Rs.313.50 & has touched a high & low of Rs.380.80 and Rs.310.00 respectively. So far 2,53,36,342 (NSE) shares were traded on the counter. The current market cap of the company is Rs.16,828.55 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.380.80 on 16-April-2018 & a 52 week low of Rs.83.00 on 13-April-2017.

BEPL is currently trading at Rs.193.05, down by Rs.13.65 or 6.60% from its previous closing of Rs.206.70 on the NSE. The scrip opened at Rs.195.00 & has touched a high and low of Rs.203.90 & Rs.188.20 respectively. So far 34,34,396 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,214.42 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.224.50 on 10-April-2018 and a 52 week low of Rs.35.35 on 05-May-2017.

Share Market News 12-April-2018

Market Post Longest Winning Streak In 3-Months; Nifty Above 10,450

The Benchmark indices opened flat on Thursday with Sensex up 20 points & Nifty above 10,400, amid weak global cues & spike in crude oil prices. The equity market continued to trade mildly higher as Sensex hovered around 34K while Nifty well above 10,400, amid volatility ahead of macro data due later in the day. Nifty IT index rose nearly 3% while metals, PSU banks and pharma were under pressure. Nifty midcap traded on a muted note.

In the afternoon session, equity benchmark extended gain as Sensex rose 200 points while Nifty firmly traded above 10,450 levels. IT stocks led the rally as Nifty IT index was up 3% while Nifty Metal & PSU Bank, Pharma, Realty index down over 1%. Broader markets continued to underperform the frontliners.

In last hour of trade, equity market continued to trade higher as Sensex rose 160 points while Nifty traded above 10,450. The market ended higher for 6th straight sessions. Nifty Metals, PSU banks, realty and pharma index fell over 1% while Nifty IT index was up 3.21%. Nifty midcap was down .31%. Sensex closed 160.69 points up at 34,101.13, Nifty up by 41.50 points at 10,458.65.

Top Gainers

HCL Tech by 4.10% to Rs.1,007.00, TCS by 4.04% to Rs.3,136.00, Infosys by 3.54% to Rs.1,164.05, Tech Mahindra by 3.03% to Rs.652.55, Axis bank by 1.17% to Rs.546.10.

Top Losers

VEDL by -2.39% to Rs.289.70, Lupin by -2.11% to Rs.773.00, Dr. Reddy by -1.94% to Rs.2,060.00, Tata Steel by -1.59% to Rs.598.40, Sun Pharma by -1.56% to Rs.513.30.

Analysis Of Top Gainer And Loser

HCL Tech is the top gainer in today's market as Rupee continued to shed to hit the fresh 5-month low due to a surge in crude oil prices & geopolitical tension. Also, Q4 earnings are expected to be on the better side.

VEDL is the top loser in today's market as companys iron ore production in Goa fell 58% to 1.5 million tonnes in January-March due to lower demand for low-grade ore & closure of mining operations in the state.

Key Market News

The US. Consumer Price Index slipped 0.1% last month, the first and largest drop since May 2017, after climbing 0.2% in February, the Labor Department said. In the 12 months through March, the CPI increased 2.4%. That was the largest annual gain in a year and followed February's 2.2% increase. Annual inflation is rising as the big price declines from last year drop from the calculation. Excluding the volatile food and energy components, the CPI climbed 0.2%, matching February's increase. The so-called core CPI rose 2.1% year-on-year in March, the largest advance since February 2017, after increasing 1.8% in February.

The pick-up in economic growth in India is positive for asset-backed securities (ABS), as it supports the ability of borrowers to earn income and repay their loans, Moody's Investors Service said today. Moody's expects that the Indian economy to grow at 7.6% in 2018 compared to 6.2% in 2017.

Stocks To Watch

Dish TV India Ltd. is on the upside while is Dhampur Sugar Mills Ltd. on the downside.

Dish TV is currently trading at Rs.80.25, up by Rs.6.30 or 8.52% from its previous closing of Rs.73.95 on the NSE. The scrip opened at Rs.75.50 & has touched a high & low of Rs.82.35 and Rs.74.70 respectively. So far 3,90,28,071 (NSE) shares were traded on the counter. The current market cap of the company is Rs.14,693.07 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.103.50 on 11-April-2017 & a 52 week low of Rs.63.70 on 06-March-2018.

Dhampur Sugar is currently trading at Rs.123.60, down by Rs.12.25 or 9.02% from its previous closing of Rs.135.85 on the NSE. The scrip opened at Rs.137.40 & has touched a high and low of Rs.137.40 & Rs.122.60 respectively. So far 10,64,016 (NSE) shares were traded on the counter. The current market cap of the company is Rs.821.21 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.330.50 on 01-November-2017 and a 52 week low of Rs.122.60 on 12-April-2018.

Share Market News 11-April-2018

Sensex & Nifty At 1-Month High After 5th Consecutive Days Gains

The Benchmark indices extended gain in the opening on Wednesday as Sensex was up 60 points & Nifty traded above 10,400, amid positive from Wall Street. The equity market erased gains & traded lower as Sensex was down over 50 points while Nifty fell below 10,400, amid investors look for corporate earnings, macro data. PSU Banks were the biggest losers among sectoral indices as they fell 2% while IT and Metal indices gained 1% each. Nifty midcap also traded in the red.

In the afternoon session, equity benchmark traded higher as Sensex rose 40 points while Nifty above 10,400 levels as crude oil price eased. Nifty PSU Bank fell 2% while Nifty Metal & IT was up 1%. Nifty midcap traded mildly lower.

In last hour of trade, equity market continued to consolidate as Sensex was up 50 points & Nifty traded above 10,400. The market closed higher for the 5th consecutive session. Nifty Metal, IT & Auto among the top gainers while PSU Bank fell over 2% among the sectoral indices. Sensex closed 60.19 points up at 33,940.44, Nifty up by 14.90 points at 10,417.15.

Top Gainers

VEDL by 4.59% to Rs.279.15, TCS by 2.46% to Rs.3,010, Sun Pharma by 2.31% to Rs.520.00, HCL Tech by 2.20% to Rs.969.35, Eicher Motors by 2.19% to Rs.30,629.85.

Top Losers

BPCL by -7.92% to Rs.415.40, HindPetro by -7.88% to Rs.335.90, IOC by -6.72% to Rs.167.25, Adani Ports by -2.39% to Rs.378.00, SBIN by -2.24% to Rs.257.40.

Analysis Of Top Gainer And Loser

VEDL is the top gainer in today's market after aluminium prices rose in international markets after buyers stopped buying aluminium from the world's largest manufacturer Rusal following sanctions imposed by the U.S.

BPCL is the top loser in today's market after a report by Bloomberg quoting sources said the government has asked the companies to absorb up to Rs.1/litre rise in fuel prices. Also as Brent crude oil prices held above $70/barrel.

Key Market News

India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform, the Asian Development Bank (ADB) said today. In its Asian Development Outlook, 2018, Manila-based ADB said the growth will pick up as the new tax regime improves productivity and as banking reform and corporate deleveraging take hold to reverse a downtrend in investment.

The Singapore Exchange on Wednesday said it would list Indian equity derivative products in June, nearly two months after India's three main bourses announced they would stop licensing their indexes to overseas exchanges.

Indian retail inflation was expected to have eased to a five-month low in March as rises in food prices slowed once again but remained above the central bank's medium-term target, a Reuters poll found. Annual consumer price inflation was expected to have softened to 4.20 percent in March from February's 4.44 percent, according to a poll of 35 economists taken between April 4-10.

Stocks To Watch

IRB Infra. Developers Ltd. is on the upside while is BPCL on the downside.

IRB Infra is currently trading at Rs.279.70, up by Rs.24.75 or 9.71% from its previous closing of Rs.254.95 on the NSE. The scrip opened at Rs.257.05 & has touched a high & low of Rs.282.40 and Rs.253.70 respectively. So far 1,55,73,017 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,847.63 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.282.40 on 11-April-2018 & a 52 week low of Rs.193.50 on 13-December-2017.

BPCL is currently trading at Rs.415.40, down by Rs.37.75 or 7.92% from its previous closing of Rs.451.15 on the NSE. The scrip opened at Rs.446.95 & has touched a high and low of Rs.451.00 & Rs.415.10 respectively. So far 1,84,88,413 (NSE) shares were traded on the counter. The current market cap of the company is Rs.90,566.30 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.551.55 on 30-October-2017 and a 52 week low of Rs.399.33 on 27-June-2017.

Share Market News 10-April-2018

Global Cues Lift Market For 4th Day; Nifty Above 10,400

The Benchmark indices opened higher on Tuesday with Sensex was up over 100 points & Nifty above 10,400 on positive global cues as China comments on free trade. The equity market continued to trade higher but off days high as Sensex was up 80 points while Nifty hovered around 10,400 levels as investors digested China comment & looking for March quarter earnings. Nifty Metal was the biggest gainer in sectoral indices while Nifty midcap was down by 40 points.

In the afternoon session, equity benchmark continued to trade higher amid volatility as Sensex rose over 120 points while Nifty traded above 10,400, driven by Axis Bank & ICICI bank, Nifty Metal & Realty indices while Nifty Auto & Pharma traded in the red. Nifty midcap was up by 60 points.

In last hour of trade, equity market remained positive as Sensex was up by 100 points & Nifty traded above 10,400. The market closed higher for the 4th consecutive session, led by Axis Bank, ICICI Bank, Nifty Metal & Realty while Nifty Auto & Pharma remained in the red. Nifty midcap was up 50 points. Sensex closed 91.71 points up at 33,880.25, Nifty up by 22.90 points at 10,402.25.

Top Gainers

Axis Bank by 5.43% to Rs.547.50, Hindalco by 3.91% to Rs.230.00, Tata Steel by 2.94% to Rs.603.40, ICICI Bank by 2.80% to Rs.288.70, Adani Ports by 2.73% to Rs.387.65.

Top Losers

Bajaj Finserv by -2.45% to Rs.5,425, Hero Motocorp by -2.02% to Rs.3,722, IBULHSGFIN by -1.62% to Rs.1,324, Tata Motors by -1.35% to Rs.353.45, Bajaj Finance by -1.29% to Rs.1,922.

Analysis Of Top Gainer And Loser

Axis Bank is the top gainer in today's market after its MD and CEO Shikha Sharma wanted her new term to be reduced to 7 months from 3-year tenure that has been approved by the bank's board. The sudden move comes after growing concern about Axis Banks exposure to the countrys growing problem of non-performing corporate loans.

Bajaj Finserv is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing, in a speech that also warned against returning to a Cold War mentality amid trade disputes with US counterpart Donald Trump. Xi pledged a new phase of opening up in his keynote address Tuesday to the Boao Forum for Asia, Chinas answer to Davos. While the speech offered little new policy, Xi affirmed or expanded on proposals to increase imports, lower foreign-ownership limits on manufacturing and expand protection to intellectual propertyall central issues in Trumps trade gripes.

Axis Bank board approved request to cut managing director and chief executive officer Shikha Sharmas term. She will leave now on 31 December. Sharmas fourth term as MD and CEO, which was granted last year, was originally set to end in June 2021.

Stocks To Watch

Ramco Systems Ltd. is on the upside while is Trent Ltd. on the downside.

Ramco Systems is currently trading at Rs.477.50, up by Rs.69.50 or 17.03% from its previous closing of Rs.408 on the NSE. The scrip opened at Rs.415 & has touched a high & low of Rs.489.60 and Rs.415 respectively. So far 15,19,787 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,469.24 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.572.40 on 11-January-2018 & a 52 week low of Rs.312.05 on 15-June-2017.

Trent Ltd. is currently trading at Rs.352.90, down by Rs.14.50 or 3.95% from its previous closing of Rs.367.40 on the NSE. The scrip opened at Rs.369 & has touched a high and low of Rs.370.15 & Rs.350.05 respectively. So far 1,70,291 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,744.07 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.376.40 on 06-April-2018 and a 52 week low of Rs.227.40 on 30-June-2017.

Share Market News 09-April-2018

Market Up For 3rd Day, Nifty Above 10,350; Banks Lead

The Benchmark indices opened mildly higher on Monday as Sensex rose 20 points & Nifty above 10,300, tracked a positive lead from Asian Stocks. The equity market continued to trade higher with Sensex rose over 100 points while Nifty inched toward 10,400, driven by HDFC twin, RIL & ITC. All sectoral indices traded in green except IT while Nifty midcap underperformed frontliners, was up .25%.

In the afternoon session, equity benchmark continued to trade higher as Sensex was up over 150 points while Nifty rose 50 points, driven by banks (barring ICICI Bank), Oil & FMCG stocks. Nifty IT & Pharma continued to trade in red while Nifty midcap continued to underperform frontliners, as it was up .3%.

In last hour of trade, equity market remained strong as Sensex was up by 170 points while Nifty traded well above 10,350. The market closed higher on positive global cues as trade war tensions eased. Banking, Financials & FMCG indices led rally while IT & Pharma indices traded in the red. Broader market underperformed frontline stocks as Nifty midcap was up only 75 points. Sensex closed 161.57 points up at 33,788.54, Nifty up by 47.75 points at 10,379.35.

Top Gainers

BPCL by 3.78% to Rs.450.35, Axis Bank by 3.44% to Rs.517.40, HindPetro by 3.40% to Rs.366.00, Hindalco by 3.27% to Rs.221.00, IOC by 3.16% to Rs.179.75.

Top Losers

ZEEL by -2.14% to Rs.572.00, Lupin by -1.80% to Rs.794.50, Tata Motors by -1.61 to Rs.358.25, Infosys by -1.38 to Rs.1,111.45, Bharti Airtel by -1.29 to Rs.380.00.

Analysis Of Top Gainer And Loser

HPCL is the top gainer in today's market as crude oil posted its biggest weekly decline since February. Also, the company received the environment clearance for setting up of a new LPG plant with bottling and storage facilities in East Champaran, Bihar that will entail an investment of Rs.136.4 crore.

ZEEL is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Fearing a surge in bad loans and provisions, Indias bankers are seeking relief from a tough set of stressed asset rules put out by the banking regulator in February. In recommendations made to the Reserve Bank of India (RBI) and the Government, the Indian Banks' Association (IBA) has asked that parts of the existing debt resolution framework be retained and the definition of default be eased, said bankers familiar with the matter. Bad loans across listed banks are expected to rise to Rs.9.25-9.5 lakh crore at the end of the fourth quarter compared to Rs.8.8 lakh crore at the end of the December quarter, partly due to the new rules.

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs.10.63 billion for sale. Both the banks said they will conduct the e-auction on 20th of this month. SBI has put up a total of 12 accounts with total outstanding of Rs.8.48 billion for sale. The second largest public sector lender PNB will offer three NPA accounts with total outstanding of Rs.2.14 billion for sale to ARCs/NBFCs/banks or other financial institutions.

Stocks To Watch

Take Solutions Ltd. is on the upside while is Just Dial Ltd. on the downside.

Take Solutions is currently trading at Rs.194.90, up by Rs.19.90 or 11.37% from its previous closing of Rs.175 on the NSE. The scrip opened at Rs.175.85 & has touched a high & low of Rs.201.45 and Rs.172.55 respectively. So far 32,25,777 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,585.46 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.201.45 on 09-April-2018 & a 52 week low of Rs.118.20 on 26-May-2017.

Just Dial is currently trading at Rs.448, down by Rs.16.05 or 3.46% from its previous closing of Rs.464.05 on the NSE. The scrip opened at Rs.464 & has touched a high and low of Rs.469.50 & Rs.442.35 respectively. So far 29,10,422 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,110.93 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.647 on 16-January-2018 and a 52 week low of Rs.327.55 on 11-August-2017.

Share Market News 05-April-2018

Nifty Post Best One-Day Gains In Two Years On RBI Outlook

The Benchmark indices bounced back sharply on Thursday with Sensex rose over 350 points & Nifty started above 10,250, amid positive global lead & ahead of RBI monetary policy outcome. The equity market rallied further as Sensex surged over 450 points while Nifty traded above 10,250, on positive global cues. All sectoral indices traded in green led by Metal, Bank & Financials, Auto & Realty, was up by 1-3% while Nifty midcap index also rallied 1.5%.

In afternoon session bulls took charge in D-Street as Sensex was up more than 450 points & Nifty inched towards 10,300 levels, followed positive lead from global stocks on ease of trade war. All sectoral indices were in the green ahead of the outcome of RBI MPC. meeting while Nifty midcap also rallied over 1.5%.

In last hour of trade market rallied further as Sensex surged 600 points while Nifty rose nearly 2% to trade over 10,300 levels. The market closed sharply higher after RBI raised growth outlook for 2018-19 while keeping rates unchanged and maintaining a neutral stance. All sectoral indices ended in the green, with PSU Bank index rose 5%, Metal 4% while Nifty Bank, Realty and Financial Services indices rallied over 2%. Nifty midcap index was up 2%. Sensex closed 577.73 points up at 33,596.80, Nifty up by 196.75 points at 10,325.15.

Top Gainers

Hindalco by 6.52% to Rs.213.90, VEDL by 5.56% to Rs.289.55, SBIN by 5.46% to Rs.260.80, Bajaj Finserv by 5.19% to Rs.5,500, IBULHSGFIN by 4.50% to Rs.1,349.90.

Top Losers

Cipla by -1.72% to Rs.560.00, Bharti Airtel by -0.27% to Rs.394.00.

Analysis Of Top Gainer And Loser

Hindalco is the top gainer in today's market as aluminium prices are likely near a floor as low margins/losses at Chinese smelters should re-balance supply, Novelis should be unaffected by US tariffs, and strong free cash flow offers option to pursue growth opportunities & many covering stock with a buy call.

Cipla is the top loser in today's market after Media reports suggest that Ciplas Indore facility is being audited by USFDA.

Key Market News

The Reserve Bank of India expectedly kept repo rate unchanged at 6% but cut inflation forecast. Some of major highlights of policy:-

The Reserve Bank of India maintains repo rate at 6%, Reverse Repo Rate under LAF remains at 5.75% and the MSF rate and the Bank Rate at 6.25%.

RBI says monetary policy stance 'neutral'.

Inflation expected at 5.1% in Q1 FY19, moderating to 4.7% in Q2 and 4.4% in Q3 & Q4 including the HRA impact, with risks tilted to the upside.

GDP growth is projected to strengthen from 6.6% in 2017-18 to 7.4% in 2018-19 with risk evenly balanced.

Crude oil price seen at $68 per barrel in FY19.

Following a modest contraction in February, Indian service activity stabilised in March, underpinned by greater inflows of new work. The seasonally adjusted Nikkei India Services Business Activity Index rose from 47.8 in February to 50.3. Subsequently, output charge inflation eased to the weakest in 2018 so far, Nikkei IHS Markit said.

Stocks To Watch

VIP Industries Ltd. is on the upside while Graphite India Ltd. is on the downside.

VIP Industries is currently trading at Rs.369.80, up by Rs.51.90 or 16.33% from its previous closing of Rs.317.90 on the NSE. The scrip opened at Rs.320 & has touched a high & low of Rs.381.45 and Rs.320 respectively. So far 12,09,540 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,250.64 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.393.95 on 12-January-2018 & a 52 week low of Rs.171.05 on 31-July-2017.

Graphite India is currently trading at Rs.699, down by Rs.22.75 or 3.15% from its previous closing of Rs.721.75 on the NSE. The scrip opened at Rs.700 & has touched a high and low of Rs.720 & Rs.686.10 respectively. So far 41,89,200 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,648.94 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.906 on 04-January-2018 and a 52 week low of Rs.102.50 on 19-May-2017.

Share Market News 04-April-2018

Sensex & Nifty Cracked Over 1% Amid US-China Tariff War

The Benchmark indices opened mildly higher on Wednesday with Sensex was up over 50 points & Nifty above 10,250 levels. The equity market gained strength amid volatility as Sensex gained over 100 points while Nifty inched towards 10,300. The broader markets extended gains, with Nifty Midcap index rose 0.8%. Auto, realty index led the rally, was up almost 2% while IT index traded in the red.
In the afternoon session, the market fell sharply as Sensex lost over 300 points while Nifty traded below 10,150 levels after China unveiled new retaliation plan for US tariffs. Barring Nifty Auto all sectoral indices turned negative led by Nifty Bank, Metal, IT & Financials while Nifty midcap & smallcap also fell over 1%.

In last hour of trade, equity benchmark extended loses as Sensex fell nearly 400 points while Nifty traded below 10,150. The market closed sharply lower, weighed by US-China trade war concerns. Barring Nifty Auto all sectoral indices traded in red led by Metal, Bank & financials, IT. The nifty midcap index also fell over 1%. Sensex closed 351.56 points down at 33,019.07, Nifty up by 116.60 points at 10,128.40.

Top Gainers

Tata Motors by 3.41% to Rs.354.80, Eicher Motors by 3.25% to Rs.28,900, HUL by 0.71% to Rs.1,358, Bajaj Finance by 0.70% to Rs.1,847, Adani Ports by 0.44% to Rs.368.00.

Top Losers

UPL by -4.13% to Rs.734.00, VEDL by -3.99% to Rs.271.90, Tata Steel by -3.55% to Rs.559.10, Hindalco by -3.44% to Rs.200.80, Titan by -3.17% to Rs.902.45.

Analysis Of Top Gainer And Loser

Tata Motors is the top gainer in today's market after JLR (Jaguar Land Rovers) March US sales increased 10.2% to 14,232 units compared to 12,918 units sold last year.

UPL is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

Skymet has released its Monsoon forecast for 2018 and expects the upcoming monsoon to be normal and has forecast 100 percent (with an error margin of +/- 5%) of the long period average (LPA) of 887 mm for the four-month period from June to September. In terms of geographical risk, Skymet expects that Peninsular India along with a major portion of Northeast India is likely to be at a higher risk of being rain deficient throughout the season (JJAS).

China has announced new tariffs on 106 US products, which include soybeans, cars and whisky. The world's second-largest economy has set net tariff rate of additional 25% on US products, which include soybeans, corn, auto, chemical products. China will announce the effective date for new US tariffs at a later time. New tariffs on US products include corn, other agri products, plastic products, cotton, orange juice, wheat, sorghum products, tobacco etc.

The RBI is unlikely to yield to the India Inc's pressure for a benign monetary policy stance by keeping policy rates unchanged in its first monetary policy review of 2018-19 to be announced on Thursday against the backdrop of hardening global crude oil prices, PTI reported. The two-day meet has started today.

Stocks To Watch

Reliance Power Ltd. is on the upside while HEG Ltd. is on the downside.

Reliance Power is currently trading at Rs.42.10, up by Rs.4.05 or 10.64% from its previous closing of Rs.38.05 on the NSE. The scrip opened at Rs.38.15 & has touched a high & low of Rs.43.90 and Rs.38.10 respectively. So far 4,19,38,075 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,893.74 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.65.20 on 02-January-2018 & a 52 week low of Rs.34.60 on 15-November-2017.

HEG Ltd. is currently trading at Rs.2,883, down by Rs.308.45 or 9.66% from its previous closing of Rs.3,191.45 on the NSE. The scrip opened at Rs.3,214 & has touched a high and low of Rs.3,240 & Rs.2,753 respectively. So far 18,41,209 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,603.34 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.3,515 on 19-March-2018 and a 52 week low of Rs.220.10 on 03-April-2017.

Share Market News 03-April-2018

Sensex Up 115 Points, Nifty Near 10,250; Banks Lead The Way

The Benchmark indices began the day on a flat note as Sensex was up 20 points & Nifty was trading above 10,200. The equity market turned negative to trade lower with Sensex was down over 50 points while Nifty traded below 10,200 levels. Banking, financial stocks were trading in green while IT, metal stocks remained under pressure. Nifty midcap also traded.

In the afternoon session, the market continued to trade mildly lower as Sensex was down by 30 points while Nifty traded just below 10,200, amid weak global cues. Banking & financials, Auto stocks held the market while IT & FMCG stocks were in under pressure. Nifty midcap outperformed the market, was up around half a percent.

In last hour of trade, equity benchmark traded in a positive zone as Sensex was up nearly 100 points while Nifty traded well above 10,200. The market ended on higher note as intense buying was seen in the market. Banking & Financial, Auto stocks led the rally but IT & FMCG stocks remained under pressure while Nifty midcap was up nearly 1%. Sensex closed 115.27 points up at 33,370.63, Nifty up by 33.20 points at 10,211.00.

Top Gainers

IBULHSGFIN by 4.59% to Rs.1,301, ICICI Bank by 3.19% to Rs.270.20, M&M by 2.93% to Rs.770.00, Bajaj Finserv by 2.78% to Rs.5,414, HindPetro by 2.53% to Rs.353.20.

Top Losers

Tech Mahindra by -3.80% to Rs.615.95, Wipro by -1.86% to Rs.284.25, Hindalco by -1.61% to Rs.207.85, TITAN by -1.57% to Rs.929.25, ONGC by -1.47% to Rs.177.30.

Analysis Of Top Gainer And Loser

Indiabulls Housing Finance is the top gainer in today's market as good buying was seen in the stock.

Tech Mahindra is the top loser in today's market as selling pressure was seen in the stock due to fresh rise on account of Rupee against Dollar.

Key Market News

The Nikkei India Manufacturing Purchasing Managers Index rose to 51.0 in March compared to 52.1 in February, according to a statement by IHS Markit, which compiles the index. A reading below 50 indicates contraction and a number above it signals expansion. Growth was reported across all three broad market groups, led by consumption goods.

Indias Core sector output grew 5.3% year on year in February on the back of steep rise in cement and fertilisers production, but could not match the previous months growth rate of 6.1%. Official data released by the commerce and industry ministry on Monday showed a 22.9% rise in cement output and 5.3% increase in fertiliser production in February compared with a 19.6% rise and 1.6% decline, respectively, in January.

According to the RBI circular on Monday, banks can spread provisioning for mark-to-market (MTM) losses incurred during December 2017 and March 2018 equally over up to four quarters.

Stocks To Watch

Delta Corp Ltd. is on the upside while Tech Mahindra Ltd. is on the downside.

Delta Corp is currently trading at Rs.276.35, up by Rs.33.40 or 13.75% from its previous closing of Rs.242.95 on the NSE. The scrip opened at Rs.239.90 & has touched a high & low of Rs.279.50 and Rs.239 respectively. So far 1,80,98,947 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,389.51 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.401.60 on 23-January-2018 & a 52 week low of Rs.139 on 23-May-2017.

Tech Mahindra is currently trading at Rs.615.95, down by Rs.24.35 or 3.80% from its previous closing of Rs.640.30 on the NSE. The scrip opened at Rs.636.50 & has touched a high and low of Rs.638 & Rs.613.50 respectively. So far 38,51,192 (NSE) shares were traded on the counter. The current market cap of the company is Rs.60,400.59 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.651.95 on 15-March-2018 and a 52 week low of Rs.356.65 on 29-May-2017.

Share Market News 02-April-2018

FY18-19 Started On Positive Note; Nifty Above 10,200

The Benchmark indices opened the FY19 on a positive note as Sensex was up over 100 points & Nifty opened above 10,150 levels. The equity market extended morning gains as Sensex rose over 150 points while Nifty traded above 10,150, backed by Nifty Auto, Pharma, IT & Infra stocks. Nifty midcap outperformed frontliners as it was up over half a percent.

In the afternoon session, a pullback in financials pushed market higher as Sensex surged over 200 points & Nifty traded well above 10,150 levels. Among sectors, pharma, auto, IT and infra led the gains on D-Street, while Nifty PSU bank was the only index in the red zone. The Nifty midcap index was up by 1%.

In last hour of trade, equity benchmark extended gain as Sensex surged nearly 300 points while Nifty crossed 10,200 levels. The market ended the first session of FY19 on a strong note. All sectoral indices closed in green barring PSU bank. Nifty Auto, Pharma, IT & Infra pushed the rally while Nifty midcap surged 1..40%. Sensex closed 286.68 points up at 33,255.36, Nifty up by 98.10 points at 10,211.80.

Top Gainers

Cipla by 5.97% to Rs.578, Lupin by 5.86% to Rs.779, Kotak Bank by 4.50% to Rs.1,092, Adani Ports by 4.49% to Rs.370, Tata Motors by 4.15% to Rs.340.40.

Top Losers

ICICI Bank by -5.73% to Rs.262.40, IOC by -3.48% to Rs.170.45, Axis Bank by -2.19% to Rs.499.30, SBIN by -1.56% to Rs.246.00, Coal India by -1.31% to Rs.279.60.

Analysis Of Top Gainer And Loser

Cipla is the top gainer in today's market as strong buying was seen in the stock as most of the research firm are positive about the future prospect of pharma companies.

ICICI Bank is the top loser in today's market as CBI has registered a preliminary enquiry against Deepak Kochhar, husband of ICICI Bank managing director and chief executive officer Chanda Kochhar and Venugopal Dhoot, chairman of Videocon group, to verify the Rs.40,000 crore loan to the company, Mint reported on Saturday.

Key Market News

Nationwide e-way bill system for inter-state movement of goods has been rolled out on Sunday, with GSTN officials saying that the platform is working smoothly. From Sunday, businesses and transporters have to produce e-way bill before a GST(Goods & Service Tax) inspector for moving goods worth over Rs.50,000 from one state to another. Over 1.71 lakh inter-state e-way bill were generated on the day of nationwide launch.

In other news, more Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA. The default rate for Indian companies rose to 3.4 percent in the fiscal year ended March from 2.6 percent in the previous year, ICRA, the subsidiary of global rating agency Moody's Investors Service, said in a report published on Monday.

Stocks To Watch

Navkar Corporation Ltd. is on the upside while Can Fin Homes Ltd. is on the downside.

Navkar Corp is currently trading at Rs.170.30, up by Rs.19.50 or 12.93% from its previous closing of Rs.150.80 on the NSE. The scrip opened at Rs.162.25 & has touched a high & low of Rs.177 and Rs.156.55 respectively. So far 38,76,034 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,573.88 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.247 on 12-May-2017 & a 52 week low of Rs.146.70 on 23-March-2018.

CanFin Home is currently trading at Rs.428.95, down by Rs.55.55 or 11.47% from its previous closing of Rs.484.50 on the NSE. The scrip opened at Rs.462 & has touched a high and low of Rs.464 & Rs.421.25 respectively. So far 71,94,670 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,741.61 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.666 on 22-June-2017 and a 52 week low of Rs.402.50 on 05-February-2018.

 

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