Closing Bell: Nifty ends July series below 11,300, Sensex flat; pharma stocks gain, Tata Motors slips 4%.

Benchmark indices ended the volatile day on flat note with Nifty finished the July F&O series below 11,300 mark.

At close, the Sensex was down 16.67 points at 37830.98, while Nifty was down 9.50 points at 11261.80. About 1059 shares have advanced, 1342 shares declined, and 171 shares are unchanged. 

Tata Motors, Bajaj Finance, Bajaj Finserv, Coal India and JSW Steel were among major losers, while gainers were Vedanta, Cipla, Zee Entertainment, Sun Pharma and IndusInd Bank.

Among sectors, metal, infra, auto and energy witnessed selling, while buying was seen in the IT and pharma. BSE Midcap index ended 0.5 percent higher, while BSE smallcap ended flat.

HEADLINES OF THE DAY

Ambuja Cements Q1: Cement maker Ambuja Cements has reported 17.5 percent fall in its June quarter (Q1FY20) net profit at Rs 412 crore against Rs 499.3 crore in the same quarter last fiscal.

Shares of pharma company Cipla rallied nearly 4 percent on July 25 after its US subsidiary acquired worldwide rights (excluding Greater China) of key anti-infective drug Zemdri.

Reliance Capital has fully repaid its outstanding commercial paper (CP) of Rs 75 crore on July 24, 2019. With the above repayment the CP outstanding stands at zero from the peak outstanding amount of approximately Rs 3,500 crore.

Bajaj Finance Q1 Profit Jumps 43% :- Bajaj Finance's June quarter (Q1) consolidated net profit missed analyst expectations due to higher provisions, rising 43 percent year-on-year to Rs 1,195 crore, the highest ever.

The crucial resistance for Nifty spot is now seen at 11400 and above this 11660 Support for the immediate term is now placed at 11140 next support will be 11020.

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Closing Bell: Nifty ends below 11,300, Sensex falls 135 points dragged by metal, auto and pharma.

Indian indices continue its downtrend on the fifth consecutive day on July 24 with Nifty finished below 11,300 level.

At close, the Sensex was down 135.09 points at 37,847.65, while Nifty was down 60 points at 11,271. About 834 shares have advanced, 1588 shares declined, and 153 shares are unchanged. 

UPL, Adani Ports, Indiabulls Housing, Eicher Motors and IndusInd Bank were some of the major losers on the Nifty, while gainers include Zee Entertainment, Asian Paints, HUL, HDFC and HCL Technologies. 

Among the sectors, metal index slipped over 2 percent, followed by auto, energy, infra, IT and pharma. Midcap index was down 1.5 percent, while Smallcap index shed over 1 percent.

HEADLINES OF THE DAY

V-Guard Industries Q1: Net profit rose 53.6% at Rs 53 crore against Rs 34.5 crore, revenue was up 10% at Rs 706.6 crore against Rs 642.4 crore. EBITDA up 52.1% at Rs 72.1 crore, while margin up at 10.2%, YoY.

Canara Bank Q1: Net profit up 16.9% at Rs 329.1 crore against Rs 281.5 crore, net interest income was down 16.6% at Rs 3,240.1 crore versus Rs 3,882.9 crore, YoY.

Jubilant Foodworks Q1: Jubilant Foodworks, the operator of Domino's Pizza has reported marginal fall in its consolidated net profit for the quarter ended June 2019. The company's Q1FY20 net profit was down 0.9 percent at Rs 71.5 crore against Rs 72.1 crore in the same quarter last fiscal. Revenue of the company was up 10 percent at Rs 949.1 crore against Rs 863.2 crore.

TVS Motor Singapore to invest USD7 mn in Scienaptic Systems: TVS Motor (Singapore) Pte. a wholly-owned subsidiary of TVS Motor has signed definitive agreements to invest USD7 million in Scienaptic Systems Inc. The closing of the investment is subject to obtaining appropriate regulatory approvals.

The crucial resistance for Nifty spot is now seen at 11460 and above this 11600 Support for the immediate term is now placed at 11140 next support will be 11020.

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Closing Bell: Indices end volatile day in the red, Sensex dives below 38K; PSU banks dragv.

Benchmark indices ended lower for the fourth consecutive day on July 23 as it remained volatile throughout the day with Nifty failed to hold above 11,350 level.

At close, the Sensex was down 48.39 points at 37,982.74, while Nifty was down 15.20 points at 11,331. About 1170 shares have advanced, 1259 shares declined, and 168 shares are unchanged. 

SBI, Indiabulls Housing, HDFC, Adani Ports and Bajaj Auto were among major losers on the Nifty, while gainers were Power Grid Corp, Kotak Mahindra Bank, ITC, Hero Motocorp and Asian Paints.

Among sectors, PSU banks dragged 3 percent followed by auto, metal, pharma, while buying seen in the FMCG, energy, infra and IT.

HEADLINES OF THE DAY

DCM Shriram Q1: Net profit was up at Rs 220 crore against Rs 217.8 crore, revenue was down 8% at Rs 1,902.5 crore versus Rs 2,067.9 crore, YoY.

Dr Reddy's launches Ramelteon Tablets: Dr. Reddy's Laboratories launched Ramelteon Tablets, 8 mg, a therapeutically equivalent generic version of Rozerem (ramelteon, 8 mg) Tablets, approved by the US Food and Drug Administration (USFDA).

Tata Consultancy Services has announced the successful completion of a large-scale cloud migration project for Randstad, a global leader in the HR services industry.

The crucial resistance for Nifty spot is now seen at 11520 and above this 11800 Support for the immediate term is now placed at 11220 next support will be 11100.

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HDFC Bank could report more than 20% growth in Q1 profit, NII

HDFC Bank, which has the highest weightage in the Nifty50, is expected to report more than 20 percent growth in profit, net interest income (NII) and pre-provision operating profit on July 20.

Loan growth could also be healthy, driven by corporate advances who may provide strong support after the NBFC slowdown. However, there may be a slight slow-down of growth on the retail book.

HDFC Bank fell 1.16 percent ahead of June quarter earnings, but in last nine months, it gained 21 percent, giving major support to benchmark indices.

"NII is expected to grow by 25 percent YoY driven by stable NIM and healthy loan book growth. The NIM is expected to be stable even with rising cost of fund on account of increase in unsecured high yielding portfolio," said Narnolia which expects profit growth at 24 percent and pre-provision operating profit at 25 percent YoY for the quarter.

The brokerage expects income growth from fees to remain moderate, given that it is impacted by regulatory changes in mutual fund distribution fee income.

However, the bank's management had earlier said it expects the growth of 15-16 percent in fee income at some point of time going ahead.

According to ICICI Direct, profit growth is likely to be around 23.4 percent, NII at 22.4 percent and pre-provision operating profit 25.8 percent in Q1 compared to year-ago.

"Advances run rate is expected to slow down at around 17 percent YoY. The retail segment, which has been the growth engine in recent quarters, is seen remaining behind led by a cautious approach in unsecured lending products and a slowdown in auto sales. Corporate segment growth may remain healthy as the bank continues to remain a beneficiary of NBFC slowdown, as seen last quarter," ICICI Direct said, adding that asset quality is expected to remain steady.

Motital Oswal also said asset quality is expected to remain stable, with gross non-performing assets at around 1.3 percent for Q1 FY20.

Key issues to watch for would be the outlook on SME and retail book as management indicated some stress in same, and trends in digital banking/payments and various initiatives.

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Nifty kicks off January series above 10,850; Sensex up 269 pts; Nifty Pharma surges. 28 Dec 2018

Capitalstars Financial Research pvt. ltd.

Its a consecutive session of positive close for the market on Friday. The Nifty has kicked off January series on a strong note, ending above 10,850-mark. 

Strong global cues, weaker crude as well as strengthening rupee were some of the primary factors behind the markets rally. 

At the close of market hours, the Sensex was up 269.44 points or 0.75% at 36076.72, while the Nifty was higher by 80.10 points or 0.74% at 10859.90. The market breadth was narrow as 1546 shares advanced, against a decline of 1049 shares, while 163 shares were unchanged.

Sun Pharma, Vedanta, and Titan were the top gainers, while Coal India, TCS, and Bharti Infratel lost the most.

HEADLINES OF THE DAY


1- Multiplex chain operator PVR said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders' nod.

2- Tata Steel BSL (earlier known as Bhushan Steel) shares rallied nearly 7 percent intraday after CARE assigned AA rating for company's bank facilities.

3- Shree Cement gained half a percent after CARE reaffirmed its rating as A1+ for company's commercial paper worth Rs 600 crore.

4- Kansai Nerolac Paints shares gained a percent intraday after the acquisition of construction chemical company.

5- Finance Minister Arun Jaitley has said that 11 PSU banks have identified 55 foreign operations for rationalization and closure in this fiscal, according to a CNBC-TV18 report.

6- HDFC Bank shares gained 1.5 percent in morning after research house Emkay has maintained its buy call on the stock and expects to gain 18 percent to its price target to Rs 2,500 apiece.


The crucial resistance for Nifty spot is now seen at 10960 and above this 11100 Support for the immediate term is now placed at 10720 next support will be 10550.

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Last hour buying pushes Sensex in positive territory; Nifty above 10,900.

Capitalstars Financial Research pvt. ltd.

Last hour buying pushes Sensex in positive territory; Nifty above 10,900.

Sharp buying in last hour helped equity benchmarks end the session with gains of 0.20 percent. The Nifty ended above 10,900.

Barring IT segment, all sectoral indices ended in the green. Major gainers included automobiles, banks, energy, metals and pharma, among others.

At the close of market hours, the Sensex was up 77.01 points or 0.21% at 36347.08, and the Nifty up 20.30 points or 0.19% at 10908.70. The market breadth was positive as 1416 shares advanced, against a decline of 1117 shares, while 160 shares were unchanged.

Sun Pharma, Vedanta, and Bajaj Finance gained the most, while Infosys, Wipro, ZEE and UPL were the top losers.

HEADLINES OF THE DAY

The chief of India's capital market regulator on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around 600 billion rupees ($8.43 billion).

Equity benchmarks recovered sharply in the last hour, with the Nifty hitting 10,900-mark.

Skipper has secured new orders of over Rs 150 crore for 2500 numbers of Telecom Towers from various telecom operators.

Mindtree has been awarded the, Digital Testing Services Framework II contract and will continue as the BBCas lead application testing partner for a range of its digital products.

The crucial resistance for Nifty spot is now seen at 11100 and above this 11350 Support for the immediate term is now placed at 10790 next support will be 10600.

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Sensex ends 150 pts higher, Nifty below 10,800; auto, bank stocks top gainers.

Capitalstars Financial Research pvt. ltd.

Benchmark indices ended the volatile session on positive note on Thursday with Nifty ended below 10,800 level.

The Sensex was up 150.57 points or 0.42% at 35929.64, while Nifty was up 53.90 points or 0.50% at 10791.50. About 1470 shares have advanced, 1055 shares declined, and 135 shares are unchanged.

Wipro, Kotak Mahindra Bank, Infosys, Maruti Suzuki and Tata Motors are the top gainers on the Sensex, while Yes Bank, Sun Pharma, TCS, Tata Steel and Coal India are among major losers.

HEADLINES OF THE DAY

TVS Motor Company said it rolled out the 50,000 unit of the BMW 310 cc motorcycle. The motorcycle was rolled out from the Hosur plant of the company.
Steel Strips Wheels bagged their largest repeat exports order for truck & trailer Aftermarket from USA.

Yes Bank Corrects Further After Board Meeting :- The bank’s Nomination & Remuneration Committee (N&RC) and board of directors have finalised the recommendation for non-executive part-time chairman position and will be promptly seeking requisite approvals from the Reserve Bank of India.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10680 next support will be 10520.

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Bulls take charge on D-Street as Sensex ends 629 pts higher; Nifty above 10,700.

Capitalstars Financial Research pvt. ltd.

Bulls took charge right from the word go and consistently traded in the green. But intense buying in the last hour helped the market end on an even stronger note. The Nifty, not only managed to clock 10,700, but also closed above this mark.

Buying was visible across all sectors, with maximum gains seen among automobiles, metals, banks, infrastructure and consumption names. In the broader market, the Nifty Midcap index ended 3 percent higher.

At the close of market hours, the Sensex closed up 629.06 points or 1.79% at 35779.07, while the Nifty rose 188.40 points or 1.79% at 10737.60. The market breadth was positive as 1,882 shares advanced, against a decline of 645 shares, while 139 shares were unchanged.
Hero MotoCorp, Bharti Airtel, and Indiabulls Housing gained the most, while Dr. Reddyâs Laboratories, and Bharti Infratel lost the most.

HEADLINES OF THE DAY

Ramco wins order: Ramco Systems has secured deal from a leading adversary air (ADAIR) services provider to the US defence forces, to manage its fleet of fighter aircraft used for highly complex training fleet and defence contract requirements.
Rating Agency CARE Ratings has reaffirmed CARE A1+ rating on Shree Cements’ Commercial Papers of Rs 300 crore.
Torrent Power has ought a nod from Gujarat regulator to hike tariffs so that it could offset under-recoveries. The company said that the tariff hike will help it recover Rs 275 crore.

ACC Board Grants Nod to set up a greenfield integrated cement plan at Ametha.
Zydus Wellness to acquire Heinz India: Shares of Zydus Wellness gained 2 percent on Wednesday after company received CCI approval for acquisition of businesses of Heinz.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10500.

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Bloodbath on D-Street as Sensex plunges over 700 pts; Nifty gives up 10,500.

capitalstars Financial Research Pvt. Ltd.

Bears took complete control on D-Street, as benchmark indices shed nearly 2 percent. Weak global cues, reactions to exit polls as well as weak macro data weighed big on Sensex and the Nifty.
The 50-share index ended the session below 10,500.
Selling was visible across all sectors, with maximum pain seen among banks, automobiles, energy, consumption and pharmaceuticals, among others.

At the close of market hours, the Sensex was down 713.53 points or 2.00% at 34959.72, and the Nifty down 205.20 points or 1.92% at 10488.50. The market breadth was negative as 647 shares advanced, against a decline of 1870 shares, while 134 shares were unchanged.
Coal India, Maruti Suzuki, IOC and BPCL were the top gainers, while Kotak Mahindra Bank, Reliance Industries, and Indiabulls Housing lost the most.

HEADLINES OF THE DAY

HCL Technologies announced a new five-year contract with multinational life insurance, pensions and asset management company Aegon.
CONCOR to consider bonus issue: A meeting of the board of directors of the company is scheduled to be held on December 20 to consider issue of bonus shares to the shareholders of the company which, if approved, will be subject to applicable regulatory provisions and the approvals of shareholders and others as may be required for the same.

Lupin received Establishment Inspection Report (EIR) for its Pithampur (Unit 3) facility. The inspection at the site was conducted between June 12, 2017 and June 16,2017.

Kotak Mahindra Bank shares plunged more than 6 percent intraday Monday after the lender filed writ petition before Bombay High Court to validate its position w.r.t perpetual non-convertible preference shares (PNCPS).

The crucial resistance for Nifty spot is now seen at 10340 and above this 10200 Support for the immediate term is now placed at 10590 next support will be 10680.

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Sensex ends 572 pts lower, Nifty holds 10,600; Maruti Suzuki, RIL, Yes Bank major losers.

Capitalstars Financial Research pvt. ltd.

Benchmark indices remained under pressure throughout the session with Nifty ended just above 10,600 level, while Sensex lost 570 points.
The Sensex was down 572.28 points at 35,312.13, while Nifty was down 181.70 points at 10,601.20. About 745 shares have advanced, 1778 shares declined, and 150 shares are unchanged.
Maruti Suzuki, Tata Motors, Yes Bank, Reliance Industries and Adani Ports are the major losers on the Sensex.

HEADLINES OF THE DAY

Oil prices are trading lower after Saudi Energy Minister statement with Brent crude oil is trading around USD 61 per barrel.
RBI likely to keep policy rates unchanged for the rest of FY19: Anand Rathi.
Allahabad Bank to raise funds: The company approved raising equity capital by an amount aggregating upto Rs 3054 through preferential issue of equity shares to the Government of India.

Muthoot Finance shares fell more than 10 percent after the asset quality deteriorated in the quarter ended September 2018.
All sectoral indices traded in the red in afternoon with Nifty Bank, Auto, FMCG, Financial Service, FMCG, Metal and Realty falling 1-2 percent.

Reliance Capital constitute search & selection committee for CEO.
Alembic Pharmaceuticals board meet outcome: The Board of Directors of Alembic Pharmaceuticals at its meeting held today has approved the issue of Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) of upto Rs 500 crore on Private Placement basis.

Manappuram Finance will be considering a fund raising issue through NCDs on December 11, 2018.
Aurobindo Pharma extends losses: Aurobindo Pharma shares fell 5.6 percent intraday Thursday on top of 3 percent loss seen in previous session after a media report indicated that the company named in a lawsuit for selling adulterated irbesartan products.

The crucial resistance for Nifty spot is now seen at 10800 and above this 10960 Support for the immediate term is now placed at 10510 next support will be 10420.

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Sensex closes over 100 points lower, Nifty below 10,900; IT stocks gain.

capitalstars Financial research pvt. ltd.

Shares have closed lower, amid caution ahead of RBI’s monetary policy committee meeting outcome on Wednesday. Uncertainty over US-China trade truce has also weighed on indices. 

Among sectors, weakness was visible among automobiles, banks, consumption and infrastructure names, while IT and pharma index ended in the green. The Nifty Midcap index was lower by around one-third of a percent. 

At the close of market hours, the Sensex closed down 106.69 points or 0.29% at 36134.31, while the Nifty was lower by 14.30 points or 0.13% at 10869.50. The market breadth is negative as 1154 shares advanced, against a decline of 1393 shares, while 143 shares were unchanged.

ONGC, Wipro, and BPCL were the top gainers, while Sun Pharma and M&M lost the most.  

HEADLINES OF THE DAY

Uflex shares rallied 6.5 percent intraday Tuesday on receiving patent from the United States for BOPET film. Ramco System shares climbed 4.4 percent intraday after the company joined hands with KPMG Malaysia to offer HR & payroll business platform as a service (BPaaS).

Tata Motors Plans Large-scale Overhaul Of Its Sales Network.

Govt Not To Participate In LIC's Open Offer In IDBI Bank.

IL&FS New Board Says Group-level Resolution For Crisis, Debt Unlikely.

IDBI Bank Tuesday said government will not participate in LIC's open offer to acquire 51 percent stake in the bank.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Sensex ends flat, Nifty fails to close above 10,900; Sun Pharma down 8%.

Capitalstars Financial Research pvt. ltd.

After trading around the flat line for a greater part of the session, equity benchmarks have ended in the green. The Nifty failed to close above 10,900, though.
Consumption, IT, metals and PSU banks were the big gainers, while the Nifty Midcap index outperformed frontline indices.
Pharmaceuticals were the big losers, with the Nifty Pharma ending over 2 percent lower.

At the close of market hours, the Sensex was up 46.70 points or 0.13% at 36241.00, while the Nifty was higher by 7.00 points or 0.06% at 10883.80. The market breadth was narrow as 1,328 shares advanced, against a decline of 1,263 shares, while 160 shares were unchanged.
Yes Bank, HUL, and Indiabulls Housing gained the most, while Sun Pharma, M&M, and HPCL were the top losers.

HEADLINES OF THE DAY

HUL approves merger with GSK Consumer, stocks gain 3-6%.
Supreme Court allows auction of Unitech properties.
The board of directors of Hindustan Unilever today approved a scheme of amalgamation between the Company and GlaxoSmithKline Consumer Healthcare Limited (GSK CH India) subject to obtaining requisite approvals from statutory authorities and shareholders.

Mahindra First Choice Services has acquired key assets of Carnation Auto.
India Ratings and Research (lnd-Ra) has affirmed the trust's long term senior debt rating at 'TND AAA' with stable outlook.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Market Wrap Up

capitalstars Financial research pvt. ltd.

A stronger rupee, falling crude oil prices along with a dovish commentary from the US central bank chief boosted markets across the globe, including India. Back home, the Nifty surged past 10,800 on a day when F&O contracts for November series expire.
The Sensex, meanwhile, hit 36,000 during the day’s trade, rising over 530 points.
Both indices ended the session on a strong note, with the Nifty retaining XX mark on expiry.

At the close of market hours, the Sensex closed up 453.46 points or 1.27% at 36170.41, and the Nifty up 129.80 points or 1.21% at 10858.70. The market breadth was narrow as 1300 shares advanced, against a decline of 1292 shares, while 145 shares were unchanged.
Bajaj Auto, Kotak Mahindra Bank, and Bajaj Finance were the top gainers, while Power Grid, NTPC, and HCL Tech lost the most.

HEADLINES OF THE DAY

Deep Industries bags contract: Shares rallied nearly 11 percent intraday Thursday after the company bagged contract from country's largest oil & gas exploration company ONGC.
Shares of Neuland Laboratories surged 13 percent after USFDA issued no observation to its manufacturing facility.

TCS and Phoenix Group expand partnership: Tata Consultancy Services announced an expansion of its ongoing 12-year old partnership with the Phoenix Group, Europe's largest life and pensions consolidator.
Shares of Piramal Enterprises gained 4 percent intraday Thursday after company approved issue of NCDs worth Rs 500 crore.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Capitalstars Financial Research pvt. ltd.

Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours.

Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent.

At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60. The market breadth was negative as 1,080 shares advanced, against a decline of 1,508 shares, while 160 shares were unchanged.
Hero MotoCorp, Wipro, and HUL are the top gainers, while ONGC, Sun Pharma, and Yes Bank lost the most.

HEADLINES OF THE DAY

Lupin receives USFDA approval for Clomipramine HCL capsules
BEML bags order worth Rs3,015cr for Mumbai Metro
Alembic Pharma JV gets USFDA approval for Lidocaine ointment

The crucial resistance for Nifty spot is now seen at 10700 and above this 10830 Support for the immediate term is now placed at 10500 next support will be 10440.


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