Nifty ends FY19 above 11,600, Sensex gains 127 pts; metal stocks surge.

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Indian indices ended higher on the last trading day of the current financial year 2018-19 with Nifty finished above 11,600 level.

At close, the Sensex was up 127.19 points at 38,672.91, while Nifty was up 53.90 points at 11,623.90. About 1429 shares have advanced, 1185 shares declined, and 162 shares are unchanged. 

Indiabulls Housing, HPCL, Vedanta, Grasim Industries and UPL were the top gainers on the Nifty, while losers were GAIL, IndusInd Bank, Eicher Motors, Bajaj Auto and Bharti Infratel.

Except PSU Bank, all other sectoral indices ended higher led by metal, which gained over 2 percent followed by pharma, auto, energy, infra, IT and FMCG.

HEADLINES OF THE DAY

Kalpataru Power bags order: The comapny has secured new orders / notification of award of Rs 588 crore.

Colgate Palmolive declares second interim dividend: The company declared second interim dividend of Rs 7 per equity share of Re 1 for the financial year 2018-19.

TVS Motor launches TVS Apache RTR 160 4V: TVS Motor Company launched the TVS Apache RTR 160 4V in Colombia. 

Eicher Motors slips: Shares declined after Bank of America Merrill Lynch downgraded the stock and cut price target sharply citing dealer stress.

Minda Industries has redeemed commercial paper of Rs 30 crore issued on January 18, 2019 with maturity date of March 28, 2019.

The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370. 

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Nifty ends March series above 11,550, Sensex up 412 pts; PSU banks outperform.

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Bulls took control on Dalal Street and pushed the Nifty above 11,550 on the March expiry day.

The Sensex was up 412.84 points at 38,545.72, while Nifty is up 136.50 points at 11,581.50. About 1633 shares have advanced, 979 shares declined, and 165 shares are unchanged. 

Indiabulls Housing, Zee Entertainment, HCL Tech, Adani Ports and SBI were the top gainers on the Nifty, while losers include ONGC, Tata Steel, Hindalco Industries, Dr Reddy Labs and Bajaj Auto.

Except metal all other sectoral indices ended in green led by PSU bank, IT, infra, FMCG, auto, energy and pharma.

HEADLINES OF THE DAY

Ruby Mills workers called off illegal strike: After discussion with the workers and convincing them about the illegality of the strike, the workers of the Processing Plant of the company at Kharsundi have agreed to withdraw the strike and have called off their illegal strike today i.e. 28th March, 2019 and normal operations of the plant have resumed since the first shift.

S&P lowers eurozone GDP growth forecast for 2019 to 1.1 percent and expects GDP growth to rebound to 1.4 percent in 2020 and 2021, reported CNBC-TV18.

The Indian rupee is trading marginally lower at 68.93 per dollar on Thursday versus previous close 68.87.

Infosys said it will acquire 75 percent stake in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage administration services in the Netherlands, Belgium and Germany. ABN AMRO will continue to hold the remaining 25 percent of the shareholding.

The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.

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Nifty ends below 11,450, Sensex falls 100 points; bank stocks outperform.

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It is weak closing for the benchmark indices on Wednesday after market erased all its morning gains in the later part of the day.

The Sensex was down 100.53 points at 38,132.88, while Nifty was down 38.30 points at 11,445. About 1189 shares have advanced, 1524 shares declined, and 152 shares are unchanged. 

NTPC, HPCL, Tata Motors, Bharti Airtel and Eicher Motors were the top losers on the Nifty, while gainers include Yes Bank, IndusInd Bank, Indiabulls Housing, JSW Steel and SBI.

Among the sectors, energy, auto, FMCG, infra, IT, metal and pharma remained under pressure, while some buying seen in the banking stock, with Nifty Bank ended above 30,000 level.

HEADLINES OF THE DAY

Lupin receives USFDA approval: The company has received approval for its Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, from the United States Food and Drug Administration (FDA) to market a generic version of Eli Lilly and Company Cialis Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg. 

Vedanta notifies gas discovery: Vedanta has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India.

Maruti Suzuki board approved reappointment of Kenichi Ayukawa as managing director and CEO of the company for a period of 3 years w.e.f. April 1, 2019.

The crucial resistance for Nifty spot is now seen at 10620 and above this 10800 Support for the immediate term is now placed at 11200 next support will be 10980.

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Sensex jumps 424 pts, Nifty ends tad below 11,500; RIL, banks lead.

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Benchmark indices rebounded sharply after falling in previous two straight sessions, driven by banking & financials, and index heavyweight Reliance Industries.

The BSE Sensex rallied 424.50 points or 1.12 percent to 38,233.41 and the Nifty50 climbed 129 points or 1.14 percent to 11,483.30.

The Nifty Midcap index also gained over a percent but the market breadth was not so great.

About 1,377 shares advanced against 1,286 declining shares on the BSE.

NTPC, Reliance Industries, SBI, Vedanta and Bajaj Finance were leading gainers among Nifty50 stocks, rising 3-4 percent while Tech Mahindra, IOC, UPL, Infosys and Wipro lost 0.6-2.4 percent.

HEADLINES OF THE DAY

SBI Life Insurance Company has declared an interim dividend of Rs 2 per equity share for the financial year 2018-19.

Benchmark indices extended rally in afternoon with the Sensex gaining nearly 400 points, driven by banking & financials stocks.

Lupin said Lupin Limited and YL Biologics Limited, a joint venture between Lupin subsidiary Lupin Atlantis Holdings SA (LAHSA) and Yoshindo Inc. in Japan, has received an approval to manufacture and sell their biosimilar Etanercept in Japan. The approval to treat moderate to severe Rheumatoid Arthritis (RA) and Juvenile Idiopathic Arthritis was received today.

The crucial resistance for Nifty spot is now seen at 11600 and above this 11810 Support for the immediate term is now placed at 11200 next support will be 10920.

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The Sensex was down 222.14 points at 38164.61, while Nifty was down 64.10 points at 11456.90.

capitalstars financial research pvt. ltd.

Benchmark indices ended lower but off day's low on Friday with Nifty finished below 11,500 level. At close, the Sensex was down 222.14 points at 38164.61, while Nifty was down 64.10 points at 11456.90. About 1009 shares have advanced, 1665 shares declined, and 143 shares are unchanged. NTPC, L&T, Asian Paints, JSW Steel and Hindalco Industries were top gainers on the Nifty, while losers were Bharti Infratel, BPCL, Tata Motors, HPCL and Reliance Industries. Except infra all other sectoral indices ended in red led by Nifty PSU bank, auto, energy, pharma, metal and IT. BSE Midcap fell 0.60 percent, while Smallcap index fell 0.40 percent.

HEADLINES OF THE DAY

Mindtree dips 1% as share buyback deferred In a fresh filing, on March 21, Mindtree informed exchanges that the adjourned board meeting is 

scheduled to be held on March 26, 2019.

Cadila says no observation by USFDA on Ahmedabad R&D facility; stock slips 2% At the end of the inspection, no observations (483) have been 

issued, the company added.

Crude oil declines 0.17% on subdued domestic cues At the Multi Commodity Exchange, crude oil for delivery in April was trading lower by 

Rs 7, or 0.17 per cent, to Rs 4,139 per barrel, in a business turnover of 16,293 lots.

The crucial resistance for Nifty spot is now seen at 11612 and above this 11763 Support for the immediate term is now placed at 11313 next support will be 11229.

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Sensex ends 159 points higher, Nifty at 10,685; Infosys up 3%.

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Benchmark indices ended mixed after they remained range bound throughout Wednesday.
The Sensex was up 23.28 points at 38386.75, while Nifty was down 11.40 points at 11521. About 1104 shares have advanced, 1532 shares declined, and 173 shares are unchanged.
Indiabulls Housing, Hindalco Industries, Infosys, Dr Reddy Labs and Wipro were among major gainers, while losers include HPCL, Zee Entertainment, BPCL, NTPC and ONGC on the Nifty.
Except bank, pharma and IT all other sectoral indices are ended in red led by auto, metal, energy, FMCG and infra.
HEADLINES OF THE DAY
REC fund raising plan: The company board approves raising Rs 90,000 crore during FY20.
Mirc Electronics gains 2%: Onida announces the launch of new smart AC series - ONYX SMART and GENIO.
SBI Life Insurance Company Ltd has fixed April 04, 2019 as the Record Date for the purpose of Payment of Interim Dividend, if any.
The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.

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Bull run continues as Nifty ends above 10,500, Sensex gains 268 pts.

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The bull run continues on the Dalal Street on Tuesday with Nifty and Sensex finished higher for the 7th consecutive day.
Jaguar Land Rover India to raise models price: Jaguar Land Rover India on Tuesday said it will increase prices of select products by up to 4 percent with effect from April 1, reports PTI.At the close, the Sensex was up 268.40 points at 38363.47, while Nifty was up 70.20 points at 11532.40. About 1382 shares have advanced, 1290 shares declined, and 166 shares are unchanged
HCL Tech, Bharti Infratel, Infosys, Reliance Industries and ITC were among major gainers, while losers include Eicher Motors, JSW Steel, Hero Motocorp, L&T and Maruti Suzuki on the Nifty.
On the sectoral front, except auto all other sectors ended in green led by PSU bank, energy, IT, pharma, FMCG and infra.
HEADLINES OF THE DAY
Jaguar Land Rover India to raise models price: Jaguar Land Rover India on Tuesday said it will increase prices of select products by up to 4 percent with effect from April 1, reports PTI.
IOC declares interim dividend: The company declared second interim dividend of 15 percent i.e. Rs 1.50 per equity share of face value of Rs 10 each for the financial year 2018-19.
Zydus receives final approval from the USFDA: Zydus Cadila has received the final approval from the USFDA to market Acyclovir Ointment USP, 5%. It will be manufactured at the group Topical manufacturing facility at Ahmedabad.
The crucial resistance for Nifty spot is now seen at 11600 and above this 11750 Support for the immediate term is now placed at 11400 next support will be 11280.

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Nifty ends above 11,450, Sensex gains 70 points; OMCs gain.

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The last hour buying helped the market to end higher on Monday with Nifty finished above 11,450 level.
At the close, the Sensex was up 70.75 points at 38095.07, while Nifty was up 35.30 points at 11462.20. About 1132 shares have advanced, 1545 shares declined, and 173 shares are unchanged.
HPCL, IOC, Bajaj Finance, BPCL and JSW Steel were the top gainers on the Nifty, while losers include Maruti Suzuki, Hero Motocorp, Wipro, Bharti Airtel and HCL Tech.
Among the sectors, IT and auto index remained under pressure throughout the day as they slipped 1 percent each, while some buying was seen in the metal, energy, FMCG and bank names.
HEADLINES OF THE DAY
NLC India declares dividend: Board of directors of the company declared an interim dividend of 45.30 percent (Rs 4.53 per equity share) for the financial year 2018-19.
Essar Steel case: NCLAT directs for implementation of Arcelor resolution plan. NCLAT granted conditional nod to Arcelor's Rs 42,000 crore bid for company, reported CNBC-TV18.
Bharat Dynamics approved payment of first interim dividend for the Financial Year 2018-19 at Rs 5.25 per share of the face value of Rs 10 each.
The crucial resistance for Nifty spot is now seen at 11600 and above this 11750 Support for the immediate term is now placed at 11400 next support will be 11280.

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The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90.

capitalstars financial research pvt. ltd.

Benchmark indices ended higher but off day's high on the back of last hour selling pressure. The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90. About 1172 shares have advanced, 1452 shares declined, and 162 shares are unchanged.
Among the gainers, Kotak Mahindra Bank rose 4%, followed by Power Grid Corp, TCS, ICICI Bank and SBI, on the other hand HUL shed 2 percent, followed by Yes Bank, RIL, Bharti Airtel and ITC on the Sensex.
On the sectoral front, IT index has outperformed the other indices with nearly 2 percent gain followed by auto, infra, metal and pharma, while selling was seen in the FMCG space.
Nifty Bank continued its upward momentum as it ended 1.6 percent higher at 29381.50.

HEADLINES OF THE DAY
Aarti Drugs approves share buyback; stock trades flat The company approved buyback of its equity shares via a tender offer.
Nifty IT gains 2% led by TCS, Wipro, Tata Elxsi Shares of TCS, which gained 3%, were leading the index gain.
Nifty PSU Bank gains 3% led by SBI, PNB, Bank of Baroda Shares of Canara Bank, PNB, Bank of Baroda, SBI, Bank of India, and Oriental Bank of Commerce rose 2% each, which led the index gain.
The crucial resistance for Nifty spot is now seen at 11582 and above this 11692 Support for the immediate term is now placed at 11285 next support will be 11182.

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Sensex, Nifty end flat on a choppy day; IT, auto stocks under pressure.

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Benchmark indices ended flat in choppy session on Thursday.At the close, the Sensex was up 2.72 points at 37754.89, while Nifty was up 1.60 points at 11343.30. About 1216 shares have advanced, 1468 shares declined, and 148 shares are unchanged.
Nifty Bank has crossed 29,000 for the first time today, ended near day's high.
NTPC was the top gainer on the Nifty followed by IndusInd Bank, Yes Bank, Sun Pharma and Coal India, while Power Grid Corp lost 3 percent, followed by HCL Tech, Hero Motocorp, UltraTech Cement and Tata Motors.
Among the sectors, IT and auto stocks remained under pressure, while buying was seen in in the metal and pharma stocks.
HEADLINES OF THE DAY
Reliance Infra signs agreement with Cube Highways: Reliance Infrastructure has approved the sale of its entire equity interest in DA Toll Road, a wholly owned subsidiary for an enterprise value of Rs 3,609 crore.
Cadila Healthcare get USFDA approval: Zydus Cadila has received the tentative approval from the USFDA to market Sitagliptin and Metformin Hydrochloride Extended-Release Tablets, (US RLD-JANUMET XR), 50 mg/500 mg, 50 mg/ 1,000 mg and 100 mg/ 1,000 mg.
India VIX, the measure of volatility, has fallen 0.65 percent at 15.17.
The crucial resistance for Nifty spot is now seen at 11480 and above this 11600 Support for the immediate term is now placed at 11200 next support will be 10980.

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Sensex ends 216 pts higher, Nifty at 11,340; Bharti Airtel slips 4%.

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It is strong closing for Indian indices for the third consecutive day with Nifty finished at 11,340 level.
At the close, Sensex was up 216.51 points at 37752.17, while Nifty was up 40.50 points at 11341.70. About 1058 shares have advanced, 1641 shares declined, and 155 shares are unchanged.
IndusInd Bank, Yes Bank, Bajaj Finance, HDFC Bank and HPCL were the top gainers on the Nifty, while losers include Bharti Airtel, IOC, Vedanta, Zee Entertainment and Sun Pharma.
Among the sectors, except energy and PSU bank all other indices are ended in red led by metal, pharma and infra.
Bank Nifty touched 28,900 for the first time, while Smallcap and midcap index ended 0.3 percent lower.
HEADLINES OF THE DAY
Tech Mahindra's buyback to open on March 25 and will close on April 5, 2019.
NHPC to consider fund raising: A meeting of board of directors of the company is scheduled to be held on March 15, 2019 to consider raising of fund through external commercial borrowing (ECB) in JPY equivalent to USD 100 Million from MUFG Bank to part finance the capital expenditure on on-going project(s) and /or for other permissible end uses.
IOC to consider interim dividend: The board of directors of the company is scheduled on 19/03/2019 to consider declaration of second interim dividend for the financial year 2018-19.
Bajaj Finserv to BSE: The Board of Directors of the Company has appointed Nanoo Pamnani, as an Independent Non-Executive Chairman of the Company, in place of Rahul Bajaj, with effect from 17 May 2019.
The crucial resistance for Nifty spot is now seen at 11450 and above this 11600 Support for the immediate term is now placed at 11270 next support will be 11000.

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