Sensex, Nifty end off day's low; Yes Bank plunges 29%.

capitalstars financial research pvt. ltd.

Benchmark indices ended lower but off day's low on the back of buying seen in the last hour of trade.

The Sensex was down 35.78 points at 39031.55, while Nifty was down 6.50 points at 11748.20. About 721 shares have advanced, 1780 shares declined, and 149 shares are unchanged. 

Yes Bank, Indiabulls Housing, IndusInd Bank, Bharti Infratel and Hero Motocorp were among major losers on the Nifty, while gainers were JSW Steel, HCL Tech, IOC, Zee Entertainment and BPCL.

Among the sectors, Nifty PSU bank declined more than 3 percent followed by auto, FMCG, infra and pharma, while some buying seen in the energy, IT and metal indices.

HEADLINES OF THE DAY

Godrej Properties has said it does not have plans yet to acquire stake in any real estate business - CNBCTV18

Bombay Dyeing has fallen more than 9 percent intraday. The exchange has sought clarification over reports of Promoter Director Ness Wadia getting a 2-year sentence in Japan for possession of drugs.

Kotak Mahindra Bank's has reported Q4 net profit at Rs 1,408 crore, up 25 percent YoY. Net Interest Income (NII) has increased to Rs 3,048 crore from Rs 2,580 cr in Q4FY18. Net Interest Margin (NIM) for Q4FY19 was at 4.48 percent.

Godrej Properties has fallen almost 4 percent intraday after the company announced raising Rs 2,500 crore by way of equity and debt.

Hero MotoCorp falls 3 percent after Q4 profit tanked 25 percent YoY. However, global brokerages maintained their ratings on the two-wheeler maker. Though, Citigroup and CLSA slashed their respective 12-month target prices.

The crucial resistance for Nifty spot is now seen at 11840 and above this 11960 Support for the immediate term is now placed at 11580 next support will be 11460.

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Nifty ends above 11,750, Sensex up 336 pts; auto stocks fall.

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Late buying helped benchmark indices to close the first day of May series near day's high level with Nifty finished above 11,750 mark.

At close, the Sensex was up 336.47 points at 39067.33, while Nifty was up 112.90 points at 11754.70. About 1085 shares have advanced, 1410 shares declined, and 153 shares are unchanged. 

Tata Steel, BPCL, GAIL, ICICI Bank and JSW Steel were the top gainers on the Nifty, while losers include Tata Motors, Bajaj Auto, Grasim Industries, Dr Reddy Labs and Bharti Airtel.

Among the sectors, except auto all other sectors ended in green led by metal, bank, energy, IT, pharma and FMCG.

HEADLINES OF THE DAY

HDFC Life Insurance Company Q4 earnings: Net profit rose 5% at Rs 364 crore and net premium income up 15% at Rs 10,247 crore.

Piramal Enterprises Q4: Consolidated adjusted profit at Rs 457 crore, revenue up 23% at Rs 3,680 crore. Board declares final dividend of Rs 28 per share.

MCX Shares Climb 5% on Strong Earnings Growth in Q4 :- Multi Commodity Exchange of India shares rallied 5 percent intraday after healthy earnings growth in quarter ended March 2019.

Torrent Pharmaceuticals shares gained 2.6 percent intraday after its Ahmedabad unit received certain observations from the US health regulator.

The crucial resistance for Nifty spot is now seen at 10820 and above this 10980 Support for the immediate term is now placed at 10600 next support will be 10480.

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Late sell-off drags Sensex 324 pts, Nifty ends April series below 11,700.

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Benchmark indices saw major selling pressure in late trade on April 25 and reversed more than half of previous day's gains.

The BSE Sensex fell 323.82 points to 38,730.86 and the Nifty50 dropped 84.40 points to 11,641.80 amid rising crude oil prices.

Banking & financials pulled the market lower.

Bharti Infratel (down 10.22 percent), Tata Steel (2.76 percent), Vedanta (2.49 percent), Indiabulls Housing Finance (2.11 percent) and Hindalco (2.07 percent) were top losers.

UltraTechCement and Grasim Industries rallied 5 percent each. BPCL, Dr Reddy's Labs and UPL were other gainers.

HEADLINES OF THE DAY

Brent oil rose above $75 per barrel for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

Indiabulls Ventures Q4 Earnings :- Company's net profit nearly doubled to Rs 109.8 crore in March quarter, against Rs 54.9 crore in same period last year.

Telecom regulator TRAI has directed Dish TV India to comply with the provisions of the new framework for broadcasting and cable TV services, acting on consumer complaints pertaining to the operators' specific offering and grievance redressal helpline.

Maruti Suzuki Q4 Earnings :- Country's largest passenger vehicle maker Maruti Suzuki India has reported a 5 percent year-on-year degrowth in March quarter profit, dented by weak operating performance and muted sales volume.

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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Sensex ends 80 points lower, Nifty fails to hold 11,600; ONGC gains 4%.

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The Sensex was down 80.30 points at 38564.88, while Nifty was down 18.50 points at 11576. About 1132 shares have advanced, 1380 shares declined, and 147 shares are unchanged. 

Maruti Suzuki, Yes Bank, Tata Steel, IndusInd Bank and Hero Motocorp were top losers on the Nifty, while gainers include ONGC, Zee Entertainment, Sun Pharma, Bajaj Finance and Reliance Industries.

Among sectors, energy, FMCG and pharma witnessed some buying, while auto, bank, metal and infra ended in red.

HEADLINES OF THE DAY

Crude Update: Oil prices hit 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

SpiceJet to launch 28 new flights connecting Mumbai, Delhi from Friday, reports CNBC-TV18, quoting Cogencis.

Rajesh Exports opens 82nd retail showroom under its brand SHUSH JEWELLERS at Mangalore. With this launch Rajesh Exports now has 82 SHUSH JEWELLERS showrooms.

Ajay Piramal may sell stakes in Shriram group of companies: Report.

RESULTS TO BE ANNOUNCED TOMORROW :- INFRATEL , HEXAWARE , ICICI PRULI , IBULHSGFIN , M&M , MUTHOOTCAP , TATA ELXSI , ULTRACEMCO.

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

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Indian indices ended at day's low as selling pressure dragged Nifty below 11,600, while Sensex also fell nearly 500 points. 

At close, the Sensex was down 495.10 points at 38,645.18, while Nifty was down 158.30 points at 11,594.50. About 747 shares have advanced, 1751 shares declined, and 166 shares are unchanged. 

Indiabulls Housing, Yes Bank, BPCL, IndusInd Bank and IOC were top losers on the Nifty, while gainers were Bharti Airtel, Wipro, TCS, Tech Mahindra and Infosys.

Among the sectors except IT all other indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG.

HEADLINES OF THE DAY

Gruh Finance is going to consider fund raising and recommendation of dividend on April 30 with audited financial results of the company for the quarter and year ended March 31, 2019.

Mahindra Lifespace Developers Q4: Net profit was down 34.5 percent at Rs 31.3 crore, revenue was up 44.8 percent at Rs 234.3 crore and EBITDA slipped 64.4 percent at Rs 8.1 crore.

KPR Mill shares rallied nearly 5 percent on April 22 as board of directors will consider buy back of shares.

Goa Carbon Q4: Net loss at Rs 8.8 crore against profit of Rs 11.8 crore. Revenue fell 19.5% at Rs 129.3 crore, EBITDA loss at Rs 9 crore.

Results to be announced tomorrow :- ACC,ICICI SEC, IBREALEST , TATA GLOBAL .

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 at 11,750, Sensex falls 135 points; Reliance Industries gains 3%.

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After hitting record highs in the morning trade, the benchmark indices gave all the gains and remained under pressure for rest of the day on the last trading day of the week as Nifty ended at 11,752 level.

At close, the Sensex was down 135.36 points at 39140.28, while Nifty was down 34.40 points at 11752.80. About 872 shares have advanced, 1662 shares declined, and 163 shares are unchanged. 

Market will remain shut of Friday (April 19) on account of Good Friday.

Yes Bank, Indiabulls Housing, Hindalco Industries, Vedanta and Zee Entertainment were among major losers on the indices, while gainers include Reliance Industries, JSW Steel, Tata Motors, BPCL and Wipro.

Among the sectors, except energy all other sectoral indices ended in red led by PSU bank, infra, metal, FMCG and auto.

HEADLINES OF THE DAY

DCB Bank recommends dividend: The board of directors of the company recommended a dividend of Re 1 per equity share of Rs 10 each (i.e. 10%) for the year ended March 31, 2019.

Shares of Star Cement rose 6.7 percent after company received Rs 174.48 crore towards its freight subsidy claims from the Central Government.

Jubilant Life Sciences has issued commercial papers of Rs 100 crore with a tenure of 68 days, maturity on 25.06.2019.

PSU banks are also one of the biggest losers today. Only one of the constituent stocks of Nifty PSU Bank is trading in the green.

RBL Bank has informed that the Board of Directors recommended a final dividend of Rs 2.70 per equity share. The bank's Q4 net profit has jumped 39 percent at Rs 247cr. However, the stock is trading one percent lower. 

HCL Technologies said it has become a Google Cloud Platform (GCP) Premier Partner. The new partnership will help enterprises accelerate the adoption of GCP at scale and further strengthens HCL portfolio of cloud services, it added.

Just Dial has denied news reports, and has said there has not been a data breach of 100 million users on its platform. It added, there was a vulnerability on its older version of the app which has now been fixed. The stock is down over 3 percent.

Mahindra & Mahindra has entered into an agreement with Ford India Private Limited for development and supply of SUVs.

The crucial resistance for Nifty spot is now seen at 10840 and above this 10980 Support for the immediate term is now placed at 10620 next support will be 10480.

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Nifty ends below 11,800, Sensex up 369 pts; SpiceJet gains 11%.

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It is strong close for the benchmark indices on Tuesday with Nifty closed near to 11,800.

The Sensex was up 369.80 points at 39275.64, while Nifty was up 96.80 points at 11787.20. About 1258 shares have advanced, 1276 shares declined, and 159 shares are unchanged. 

Sensex and Nifty touched record highs of 39,364.34 and 11,810.95 respectively in today's trading session.

ICICI Bank, IndusInd Bank, Titan Company, ONGC and Adani Ports were among major gainers on the Nifty, while losers were Wipro, Cipla, GAIL, Tata Motors and Infosys.

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

Nifty Bank ended 1.4 percent higher at 30529.80.

HEADLINES OF THE DAY

Rupee at day's low: The Indian rupee is trading lower by 23 paise at 69.65 per dollar against previous close 69.42.

Mastek at its meeting held on April 16, 2019, recommended final dividend of Rs 5 per equity share.

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

Nifty hits 11,800: The Nfty50 crossed another milestone as its rose above 11,800 for the first time.

Jet Airways has fallen over 12 percent on speculations of airline considering to shut down its entire operation.

The crucial resistance for Nifty spot is now seen at 10840 and above this 10980 Support for the immediate term is now placed at 10600 next support will be 10460.

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Sensex ends 138 pts higher, Nifty near 11,700; Tata Motors gains 7%.

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Benchmark indices ended higher but off day's high on Monday with Nifty finished below 11,700 level.

At close, the Sensex was up 138.73 points at 38905.84, while Nifty was up 46.90 points at 11,690.40. About 1454 shares have advanced, 1129 shares declined, and 184 shares are unchanged. 

Tata Motors, TCS, Coal India, Tata Steel and Kotak Mahindra Bank were among major gainers on the Nifty, while losers were Infosys, Bharti Infratel, Sun Pharma, IOC and Yes Bank.

Among the sectors, metal space led the gainers as it ended 2 percent higher followed by auto, IT, infra and bank, while energy and pharma ended with marginal loss.

HEADLINES OF THE DAY

Nifty Pharma is trading about 0.5 percent lower. 

March WPI inflation stands at 3.18 percent.

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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Sensex ends 160 pts higher, Nifty around 11,650; ITC gains 3%.

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The benchmark indices ended higher on Friday with Nifty ended above 11,600 level.

At close, the Sensex was up 160.10 points at 38767.11, while Nifty was up 46.80 points at 11,643.50. About 1355 shares have advanced, 1138 shares declined, and 153 shares are unchanged. 

Shares of IT major, Tata Consultancy Services (TCS) and Infosys ended flat ahead of their March quarter earnings to be released later today.

GAIL, ITC, Maruti Suzuki, Cipla and Zee Entertainment were among major top gainers on the Nifty, while losers were Indiabulls Housing Finance, IOC, Bajaj Finance, L&T and Tata Motors.

Among the sectors, auto and FMCG indices led the gainers with 1 percent gain followed by IT, pharma and bank.

HEADLINES OF THE DAY

Central Electricity Regulatory Commission (CERC) approved higher tariff for Adani Power 2000 MW Mundra plant, reported CNBC-TV18.

Max Group enters commercial real estate: Max Estates, a subsidiary of Max Ventures & Industries announced the opening of its flagship office project Max Towers located on the Delhi Noida Directway (DND).

RITES order book up by 27.5% during FY19: RITES order book has substantially improved from Rs 4818 crore as on 31St March 2018 to Rs.6142 crore at the end of the FY19 (accounts for the FY19 are under audit). Company has secured more than 300 projects/contracts including extension in scope of projects during FY19.

Motherson Sumi Systems slips after HSBC cuts price target :- Motherson Sumi Systems shares fell over a percent intraday after British investment firm HSBC maintained its buy call on the stock but slashed price target to Rs 170 from Rs 233 per share.

Q4 for Auto may be Challenging :- Q4FY19 for auto sector is expected to be a challenging quarter, with volumes declining across segments, HDFC Securities said.

Lupin shares gained 2 percent after it announced the launch of Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), having received an approval from the United States Food and Drug Administration (FDA).

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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