Indices snap 9-day losing streak, Sensex gains 227 pts; PSU banks rally.

capitalstars financial research pvt. ltd.

Benchmark indices closed in the green after falling for nine consecutive sessions. Sensex was up 227 points at 37,318.53, while Nifty closed at 11,222, up 73.80 points. About 1223 shares have advanced, 1260 shares have declined, and 132 shares are unchanged.

Sun Pharma, Bharti Airtel, Indiabulls Housing and Vedanta were among top index gainers, while TCS, Tech Mahindra, HCL Technologies and Bajaj Finance were among the top losers on the index. 

Except IT that fell over 1 percent, all sectoral indices were trading in the green. PSU Bank is the biggest gainer, surging about 3 percent. 

Nifty Midcap 100 was up 80 points at 16737.25, while Nifty Smallcap 100 was at 6,142.80, up 43 points.

HEADLINES OF THE DAY

Jet Airway's temporary suspension leaves over 750 slots vacant at domestic airports in the country. The Slot Allocation Committee has allocated nearly 480 of Jet's slots to other airlines.

SpiceJet has been allotted the most slots at 130 followed by IndiGo, which received 125 slots. Vistara was the third biggest gainer at 110 slots, while GoAir, AirAsia India got around 40-45 slots.

Siemens Q2 profit jumps 28% to Rs 280cr

Bharti Airtel has scrapped Rs 299 postpaid plan. Postpaid plans will now start from Rs 349/399

Edelweiss Financial Services reported a 3.3 percent fall in Q4 profit at Rs 232.40 crore, against Rs 240.40 crore in March 2018. Revenue of the company rose 13.8 percent at Rs 2,936 crore compared to Rs 2,581.20 crore in the year-ago period.

Tata Steel Ltd and Thyssenkrupp AG's decision to cease efforts on their proposed Europe joint venture is marginally credit negative for Tata Steel, said S&P Rating.

RESULTS TO BE ANNOUNCED TOMORROW :- AMARAJ BAT , JUBLFOOD , KRBL , LUPIN The crucial resistance for Nifty spot is now seen at 11400 and above this 11620 Support for the immediate term is now placed at 11080 next support will be 10960.

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Sharp fall drags Nifty below 11,150, Sensex falls 372 pts; Sun Pharma down 9%.

capitalstars financial research pvt. ltd.

Late selling in the market drags Nifty below 11,150 level and Sensex by 372 points in today's trading session.

The Sensex was down 372.17 points at 37090.82, while Nifty was down 130.70 points at 11148.20. About 639 shares have advanced, 1826 shares declined, and 157 shares are unchanged. 

Eicher Motors, Zee Entertainment, Sun Pharma, Indiabulls Housing and Yes Bank were among major losers on the Nifty, while gainers were Titan Company, Bharti Infratel, Tech Mahindra, HDFC and HUL.

On the sectoral front, major selling was seen in the PSU Bank and Pharma as both the indices closed with 4 percent cut, followed by metal, auto, energy and infra.

HEADLINES OF THE DAY

ITC Q4 results: FMCG major ITC has reported 18.7 percent jump in its Q4FY19 net profit to Rs 3,482 crore on the back of strong sales from the FMCG and cigarette units.

OBC Q4 results: Net profit at Rs 201.5 crore versus Rs loss of Rs 1,650.2 crore, YoY. Gross NPA at 12.66%, while net NPA at 5.93%, QoQ.

Inox Leisure Q4: Consolidate net profit down 16.7% at Rs 48 crore against Rs 57.7 crore, revenue up 48% at Rs 479 crore versus Rs 323.6 crore, YoY.

Automotive Axles Q4: Net profit up 5.9% at Rs 30 crore against Rs 28.3 crore, revenue up 2.6% at Rs 481 crore versus Rs 469 crore, YoY.

India VIX, the measure of volatility, is up about 3 percent to 26.33. 

The Tata Motors Group global wholesales in April 2019, including Jaguar Land Rover, were at 79,923 nos., lower by 22%, over April2018.

HDFC Q4: Net profit at Rs 2,861.6 crore. HDFC has informed the Exchange that Board of Directors at its meeting held on May 13, 2019, recommended Final Dividend of Rs 17.50 per equity share.

RESULTS TO BE ANNOUNCED TOMORROW :- EDELWEISS , NESTLE , PIDILITIND , POLYCAB , SIEMENS.

The crucial resistance for Nifty spot is now seen at 11300 and above this 11480 Support for the immediate term is now placed at 11000 next support will be 10820.

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Nifty fails to hold 11,300, Sensex falls 95 points; SBI gains 2% post Q4.

capitalstars financial research pvt. ltd.

The market registered eighth consecutive day fall on May 10 with Nifty ended below 11,300.

At close, the Sensex was down 95.92 points at 37,462.99, while Nifty was down 22.90 points at 11,278.90. About 1187 shares have advanced, 1270 shares declined, and 162 shares are unchanged. 

Tata Steel, HCL Tech, Yes Bank, IndusInd Bank and IOC were among major losers on the Nifty, while gainers include Zee Entertainment, Titan Company, Bharti Airtel, SBI and Indiabulls Housing.

Metal, IT, pharma, energy, FMCG and auto witnessed selling pressure, while some buying seen in the banks and infra sectors. Midcap and smallcap index ended with marginal gains.

HEADLINES OF THE DAY

Canara Bank Q4: Net loss at Rs 551.5 crore against loss of Rs 4,859.8 crore. NII up 17.2% at Rs 3,500 crore versus Rs 2,988 crore. 

Kajaria Ceramics Q4: Net profit at Rs 66 crore, revenue up 8.7% at Rs 815.3 crore versus Rs 750 crore, YoY.

Dilip Buildcon Q4: Net profit rose 1.2% at Rs 219.9 crore against Rs 217 crore, revenue at Rs 2,571 crore versus Rs 2,558 crore, YoY.

SBI Q4 result: State Bank of India (SBI) has reported Q4FY19 net profit at Rs 838.4 crore against loss of Rs 7,718 crore in a year ago period.

The crucial resistance for Nifty spot is now seen at 11400 and above this 11690 Support for the immediate term is now placed at 11120 next support will be 11090.

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Nifty ends at 11,300, Sensex falls 230 pts; RIL down 3% on MS downgrade.

capitalstars financial research pvt. ltd.

It is another weak closing for the Indian stock market as benchmark indices finished lower for seventh straight day. Nifty broke the 11,300 level during intraday and touched a low of 11,255.05.

At close, the Sensex was down 230.22 points at 37558.91, while Nifty was down 57.70 points at 11301.80. About 1074 shares have advanced, 1370 shares declined, and 150 shares are unchanged. 

Top losers on the Nifty were Reliance Industries, BPCL, Coal India, Asian Paints and NTPC, while gainers include Zee Entertainment, Yes Bank, Bajaj Finserv, Bajaj Finance and Hero Motocorp.

Among sectoral indices metal, infra, energy, pharma and bank ended in red, while some buying seen in the IT and FMCG.

HEADLINES OF THE DAY

JSW Steel April production: April crude steel production up 2% at 13.93 lakh tonnes against 13.61 lakh tonnes. Rolled products (Flat) production down 1 percent at 9.53 lakh tonnes versus 9.67 lakh tonnes, while Rolled products (Long) production up 4 percent at 3.36 lakh tonnes versus 3.24 lakh tonnes.

Asian Paints Q4: Consolidated net profit at Rs 487 crore versus Rs 496 crore, revenue up 11.7% at Rs 5,018 crore versus Rs 4,492 crore.

Hindustan Media Ventures Q4: Net profit falls 59% at Rs 16.5 crore versus Rs 40.3 crore, revenue up 5.3% at Rs 213 crore versus Rs 202 crore, YoY.

Maruti Suzuki April production: Company's April production was down 9.6% at 147,669 units against 163,368 units, YoY.

RESULTS TO BE ANNOUNCED TOMORROW :- CANARA BANK , EICHER MOT , KAJARIA CER , L&T , PVR , SBI.

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 11090.

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Heavy selling drags Sensex 487 pts, Nifty ends around 11,350; RIL, Zee major losers.

capitalstars financial research pvt. ltd.

Benchmark indices finished near day's low on Wednesday amid weak global cues.

The Sensex has closed below 38,000, while Nifty also break below 11,350 during intraday.

At close, the Sensex was down 487.50 points at 37789.13, while Nifty was down 138.40 points at 11359.50. About 685 shares have advanced, 1778 shares declined, and 148 shares are unchanged. 

Zee Entertainment, Bajaj Finance, Reliance Industries, Tata Motors and Bajaj Finserv were among major losers on the Nifty, while gainers were UPL, JSW Steel, Titan Company, BPCL and Coal India. 

All sectoral indices ended in red led by energy, pharma, auto, bank, infra, FMCG, metal and IT. Midcap and smallcap index shed 1 percent each.

HEADLINES OF THE DAY

Alembic Pharma Q4: Consolidated net profit up 32.2% at Rs 124 crore against Rs 94 crore, revenue up 8.6% at Rs 927 crore against Rs 853.3 crore, YoY.

Chennai Petroleum Corporation Q4: consolidated net loss at Rs 25 crore versus loss of Rs 363 crore, revenue up at Rs 9,957 crore versus Rs 9,866 crore, QoQ.

MAS Financial Q4: Net profit up 27.7% at Rs 41.6 crore against Rs 32.6 crore, revenue up 30.9% at Rs 165 crore against Rs 126 crore, YoY

India VIX, the measure of volatility, has fallen 0.3 percent intraday to 26.04.

RESULTS TO BE ANNOUNCED TOMORROW :- APOLLO TYRE , ASIAN PAINTS , VOLTAS.

The crucial resistance for Nifty spot is now seen at 10480 and above this 10620 Support for the immediate term is now placed at 10200 next support will be 10080.

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Late selling drags Sensex 324 pts, Nifty ends a tad below 11,500.

capitalstars financial research pvt. ltd.

The late selling pulled Nifty50 below its crucial support of 11,500, dragged by Reliance Industries, ICICI Bank, ITC, IOC and Tata Motors which fell 2-4 percent.

The BSE Sensex closed at 38,276.63, down 323.71 points and Nifty50 fell 100.35 points to 11,497.90.

However, Infosys, HUL, L&T, Wipro, ONGC and Titan Company bucked the trend, rising 1-2 percent.

The broader markets also caught in bear trap. The Nifty Midcap index lost 1.2 percent and Smallcap index fell 1 percent.

All sectoral indices closed in the red barring IT. Nifty Bank, Metal and Realty were prominent losers, falling over a percent each.

HEADLINES OF THE DAY

Piramal Enterprises Signs MoU with Canada Pension Plan Investment Board :- Piramal Enterprises signed a Memorandum of Understanding with Canada Pension Plan Investment Board, a Canadian pension fund, to co-sponsor a renewable energy focused Infrastructure Investment Trust.

Escorts Q4 Profit Rises 8% to Rs 121 Cr :- Tractor maker Escorts has reported a 7.8 percent year-on-year growth in profit for quarter ended March 2019.

VIP Industries Q4 Profit Falls 28% :- Luggage and travel accessories maker VIP Industries reported a 28 percent year-on-year degrowth in March quarter profit due to weak operating performance.

Tata Motors April UK sales: JLR UK sales up 11.5% at 8,295 units, Jaguar UK sales up 8% at 2,607 units and Land Rover UK sales up 13% at 5,688 units, reported CNBC-TV18.

Yes Bank acquires 12.79% in CG Power: Yes Bank has acquired 8,00,50,000 equity shares of CG Power and Industrial Solutions having nominal value of Rs 2 per share, constituting 12.79% of the paid-up share capital via invocation of pledge of shares of CG Power.

RESULT TO BE ANNOUNCED TOM :- GILLETE INDIA , RAIN IND , SRTRANSFIN , TATA COM , TITAN .

The crucial resistance for Nifty spot is now seen at 10680 and above this 10920 Support for the immediate term is now placed at 10410 next support will be 10280.

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Nifty ends below 11,600, Sensex falls 362 pts on weak global cues; metal stocks drag.

capitalstars financial research pvt. ltd.

Benchmark indices ended lower but off day's low on Monday amid fresh trade worries between US-China.

The Sensex was down 362.92 points at 38600.34, while Nifty was down 114 points at 11598.30. About 887 shares have advanced, 1581 shares declined, and 166 shares are unchanged. 

Zee Entertainment, Titan Company, Yes Bank, Tata Motors and JSW Steel were among major losers on the indices, while gainers were BPCL, TCS, ITC, Bajaj Finserv and Bharti Airtel.

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

HEADLINES OF THE DAY

Strides Pharma: The Company has received a communication from the USFDA classifying the facility as Official Action Initiated (OAI) based on the inspection conducted from January 25 to February 5, 2019. 

Aditya Birla Capital Limited will raise Rs 3,500 Crore by way of issuance of equity shares and equity linked instruments. The stock is up about one percent. 

India VIX, the measure of volatility, has surged 7% intraday to 25.7. 

Dr Reddy's Laboratories has launched Testosterone Gel, 1.62 percent (20.25 mg/1.25 g pump actuation) in the US market.

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 flat, Nifty holds 11,700; Indiabulls Housing up 4%.

capitalstars financial research pvt. ltd.

It was flat close on May 3 after benchmark indices gave all its intraday gains in the final hour of trading.

At close, the Sensex was down 18.17 points at 38963.26, while Nifty was down 12.50 points at 11712.30. About 1027 shares have advanced, 1462 shares declined, and 190 shares are unchanged. 

Indiabulls Housing, NTPC, Yes Bank, Bharti Airtel and ICICI Bank were top gainers on the Nifty, while losers include TCS, Britannia Industries, Tech Mahindra, Adani Ports and HUL.

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

HEADLINES OF THE DAY

HSIL Q4: Net profit up 59.7% at Rs 38.2 crore versus Rs 23.9 crore, revenue up 22.4% at Rs 808.9 crore versus Rs 660.8 crore ,YoY.

Century Textiles Q4: Net profit at Rs 227.6 crore against Rs 108.7 crore, revenue down 4.4% at Rs 938.7 crore versus Rs 982 crore, YoY.

Godrej Consumer Products Q4: Godrej Consumer Products has reported 51 percent jump in its Q4FY19 net profit at Rs 935.2 crore against Rs 617.19 crore in a year ago period.

PSU Bank stocks were trading in the green today, up 1.35 percent on Nifty. All the constituent stocks are trading in the positive, with Bank of Baroda being the biggest winner, up 2.93 percent on Nifty.

The crucial resistance for Nifty spot is now seen at 10780 and above this 10960 Support for the immediate term is now placed at 10520 next support will be 10360.

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Sensex, Nifty end lower after a lacklustre day; IT, pharma stocks drag.

capitalstars financial research pvt. ltd.

Benchmark indices ended lower on volatile day with Nifty fell to hold 11,750 level.

At close, the Sensex was down 50.12 points at 38981.43, while Nifty was down 23.40 points at 11724.80. About 1053 shares have advanced, 1442 shares declined, and 163 shares are unchanged. 

Yes Bank, Bharti Infratel, Power Grid Corp, HDFC Bank and Hero Motocorp were the top gainers on the Nifty, while losers were Britannia Industries, Zee Entertainment, Tata Motors, ICICI Bank and IndusInd Bank.

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

HEADLINES OF THE DAY

Share price of Hindustan Zinc declined 2 percent after company net profit fell 19.7% at Rs 2,012 crore, while revenue down 12.5% at Rs 5,491 crore.

Kansai Nerolac Q4: Net profit down 12.3% at Rs 93 crore versus Rs 106 crore, revenue up 4.5% at Rs 1,153 crore versus Rs 1,103 crore, YoY.

MRF Q4 results: Net profit down 14.8% at Rs 293 crore versus Rs 345 crore, revenue up 6.2% at Rs 4,073.5 crore against Rs 3,836 crore, YoY.

Shares of Greaves Cotton rose 4 percent after company board approves buyback of its equity shares for an aggregate amount not exceeding Rs 240 crore 

Dabur India Q4 results: The company has reported 6.5 percent fall in its fourth quarter consolidated net profit at Rs 370.4 crore on the back of of Rs 75.3-crore write-off of goodwill for Turkey business.

RESULTS TO BE ANNOUNCED TOMORROW :- BIRLA CORP , HUL , TATA CHEM.

The crucial resistance for Nifty spot is now seen at 10860 and above this 10980 Support for the immediate term is now placed at 10620 next support will be 10400.

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