Sensex ends flat after a rangebound session, Nifty tad below 11,600; Vedanta top loser.

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Benchmark indices ended flat after a rangebound session on April 11 as traders remained cautious ahead of TCS & Infosys earnings scheduled to be announced tomorrow.

The 30-share BSE Sensex rose 21.66 points to 38,607.01 and the Nifty50 gained 12.40 points at 11,596.70. The market breadth remained in favour of bears as about 1,325 shares declined against 1,153 advancing shares on the BSE.

Indiabulls Housing Finance, Bajaj Finserv, Bharti Airtel, Bajaj Auto and Dr Reddy's Labs were gainers while Infosys, TCS, Vedanta, Sun Pharma, Power Grid, Tech Mahindra were losers among Nifty50 stocks.

Manappuram Finance, HDFC Life, ICICI Prudential, Rain Industries, CG Power, Tata Global, Adani Power and Tata Power were midcap gainers while Reliance Naval, Edelweiss Financial, Jubilant Foodworks and DLF lost 2-7 percent.

HEADLINES OF THE DAY

Essel Group said the repayment along with interest will be made to each & every lender as per the agreed timeline of September 2019, reports CNBC-TV18.

Technology stocks fell for second consecutive session with the Nifty IT index falling more than half a percent as traders remained cautious ahead of Infosys and TCS' March quarter earnings on April 12.

Vedanta-led Cairn India CEO, CFO quit firm :- Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back.

Lupin has announced that it has received approval for its Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), from the United States Food and Drug Administration (FDA).

The finance committee of the board of directors of JSW Steel has approved the issuance of fixed rate senior unsecured notes aggregating to USD 500 million.

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 closes below 11,600, Sensex falls 353 pts; Tata Motors gains 4%.

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Benchmark indices ended near day's low on April 10 with Nifty finished below 11,600 level.

At close, the Sensex was down 353.87 points at 38585.35, and the Nifty was down 88.40 points at 11,583.60. About 1134 shares have advanced, 1369 shares declined, and 173 shares are unchanged. 

Bharti Airtel, Asian Paints, Hindalco Industries, TCS and UPL were the top losers, while Tata Motors, Wipro, Cipla, HUL and Adani Ports were among major gainers on the Nifty.

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

HEADLINES OF THE DAY

Shares of DLF toppled nearly 4 percent after the investment arm of the Singapore government sold its stake in the company worth Rs 1,300 crore through an open market transaction on April 8.

RSWM to sell stake in Bhilwara Energy: The company decided to sell 1,69,38,599 equity shares of Rs 10 each held in Bhilwara Energy an associate company of RSWM at a cash consideration of Rs 84.85 crores to HEG Limited on the basis of valuation of fair price per share on arm's length basis.

Tata Motors' group global wholesales declines: The Tata Motors Group global wholesales in March 2019, including Jaguar Land Rover, were at 1,45,459 nos., lower by 5 percent, as compared to March 2018. 

Jet Airways gains 2% after Naresh Goyal offers to pledge rest of his shares

Pharma major Lupin has announced the launch of Fluoxetine Tablets USP, 60mg, having received an approval from the United States Food and Drug Administration (FDA) earlier.

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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The Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672.

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Benchmark indices ended higher on Tuesday with Nifty above 11,650 level supported by auto and banking stocks. At close, the Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672. About 1152 shares have advanced, 1370 shares declined, and 148 shares are unchanged. Yes Bank, Wipro, Tata Motors, ICICI Bank and Bajaj Auto were the top gainers on the Nifty, while losers include Indiabulls Housing, Asian Paints, Infosys, Bharti Airtel and Titan. Except infra all other sectoral indices ended in green led by PSU Bank, metal, auto, pharma, energy, IT and FMCG.

HEADLINES OF THE DAY

Opto Circuits enters into one-time settlement agreement with Yes Bank The company has entered into one-time settlement (OTS) with Yes Bank for settling the total outstanding amount of Rs33.51cr, for a consolidated agreed amount of Rs8.5cr to be paid as per the structured instalments by April 2021.

Nifty PSU Bank gains 1% led by Canara Bank, Bank of India, Union Bank Shares of Canara Bank and Bank of India, which gained 3%, were leading the index gain.

Tech Mahindra to buy Infotek Software stake for Rs13cr; stock up 1% The company said the acquisition will get completed by April 09, 2019, for a cash consideration of Rs13cr, the filing added.

The crucial resistance for Nifty spot is now seen at 11763 and above this 11850 Support for the immediate term is now placed at 11535 next support will be 11441.

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Indices end off day's low with Nifty above 11,600, Sensex falls 161 points.

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Indian indices ended lower but off day's low on Monday as final hour buying helped the Nifty to finished just above 11,600 level.

The Sensex was down 161.70 points at 38700.53, while Nifty was down 61.50 points at 11604.50. About 1070 shares have advanced, 1493 shares declined, and 161 shares are unchanged. 

Tech Mahindra, Infosys, M&M, TCS and Power Grid Corp were the top gainers on the Nifty, while losers include Indiabulls Housing, IOC, Bajaj Finance, Vedanta and Yes Bank.

Among the sectors, auto, bank, metal, FMCG and pharma witnessed some selling pressure, while some buying seen in the IT stocks.

HEADLINES OF THE DAY

Adani Power has been awarded the Letter of Intent for Korba West Power Company (KWPCL). The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the Resolution Plan submitted by Adani Power.

Shares of oil marketing companies are trading lower by 1-4 percent intraday Monday after oil prices rose to their 5 months high.

Zydus Cadila has received the tentative approval from the USFDA to market Lacosamide Tablets in the strengths of 50 mg, 100 mg, 150 mg and 200 mg. Lacosamide is an anticonvulsant or antiepileptic drug, used to prevent and control seizures.

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 above 11,650, Sensex gains 177 pts; Tata Steel jumps 3%.

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Benchmark indices ended near day's high level on Friday with Nifty ended above 11,650 level.

At the end the Sensex was up 177.51 points at 38862.23, while Nifty was up 68 points at 11666. About 1500 shares have advanced, 1049 shares declined, and 165 shares are unchanged. 

Tata Steel, UltraTech Cement, Eicher Motors, Bajaj Finance and Vedanta were among major gainers on the Nifty, while losers were Power Grid Corp, Britannia Industries, SBI, Zee Entertainment and Hero Motocorp 

On the sectoral front, FMCG and PSU bank witnessed some selling pressure, while IT, metal, infra, energy and auto ended higher.

HEADLINES OF THE DAY

Titan Q4 preview: Strong quarter on the cards

The Indian rupee erased morning gains and trading lower at 69.24 per dollar against previous close 69.16.

Muthoot Finance declared interim dividend for FY 2019 at the rate of Rs 12 per equity share.

Shares of ABB India gained more than 3 percent intraday on April 5 after the automation company introduced low-voltage digital switchgear condition monitoring.

TCS bags order: TCS BaNCS for Custody has been selected by Chinatrust Commercial Bank (CBC) Taiwan to transform operations and enhance customer experience.

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 192 pts lower, Nifty below 11,600 even as RBI cuts rate.

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Benchmark indices ended lower but off day's low after Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to Neutral.

At the close, the Sensex was down 192.40 points at 38,684.72, while Nifty was down 46 points at 11,598. About 1073 shares have advanced, 1426 shares declined, and 164 shares are unchanged. 

Top losers include TCS, HCL Tech, Hindalco Industries, BPCL and Yes Bank, while gainers were Indiabulls Housing, Zee Entertainment, Tata Motors, UltraTech Cement and Britannia Industries.

On the sectoral front, except auto, FMCG and pharma, all other indices ended in red led by IT, bank and energy.

HEADLINES OF THE DAY

SRF touches 52-week high: Share price of SRF rose more than 3 percent after company informed about resumption of operations at its Gujarat plant at the earliest.

GRUH Finance has receives observation letters from stock exchanges for amalgamation of the company into and with the Bandhan Bank.

RBI Monetary Policy Committee has cut repo rate by 25 bps to 6 percent. The committee has kept the stance unchanged at neutral.

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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Indices revert gains in late trade as Nifty ends below 11,650; BPCL down 4%.

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Benchmark indices ended near day's low after Skymet predicts below normal monsoon due to developing El Nino.

Sensex and Nifty touched record high in the early trade today.

At close, the Sensex was down 179.53 points at 38877.12, while Nifty was down 69.20 points at 11,644. About 998 shares have advanced, 1574 shares declined, and 157 shares are unchanged 

BPCL, Zee Entertainment, IOC, SBI and GAIL were the top losers on the Nifty, while gainers were Indiabulls Housing, Maruti Suzuki, Bajaj Finserv, HCL Tech and JSW Steel.

All the sectoral indices ended in red led by PSU bank (down 2.5 percent) followed by pharma, infra, energy, IT, metal, auto and FMCG.

HEADLINES OF THE DAY

Shares of oil marketing companies slipped 2-4 percent on April 3 as Brent crude oil price inching towards USD 70 per barrel mark.

Cadila Health gets 1 observation from USFDA: USFDA inspected the company formulations manufacturing facility located at Pharmez, Ahmedabad from March 25 to April 2, 2019. The inspection which included product specific pre-approval and post-approval inspections and a GMP Inspection, concluded with one observation.

Motilal Oswal has downgraded Reliance Industries to neutral due to a limited upside in the stock. It has set Rs 1,457 as the target.

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 at record closing high, Nifty above 11,700; Zee Ent falls 3%.

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It a green close for the market on Tuesday, with the Nifty ending well above 10,650-mark. 

A rally among PSU banks, energy names as well as IT boosted the market. In the broader market, the Nifty Midcap index ended over half a percent higher. 

At the close of market hours, the Sensex ended up 159.06 points or 0.45% at 35513.14, while the Nifty was higher by 57.00 points or 0.54% at 10685.60. The market breadth was narrow as 1238 shares advanced, against a decline of 1320 shares, while 161 shares were unchanged.

Infosys, TCS, and BPCL were the top gainers, while Sun Pharma and Hero MotoCorp lost the most.

HEADLINES OF THE DAY

Benchmark indices ended higher for fourth consecutive day on April 2 with Nifty finished above 11,700 level.

At close, the Sensex was up 184.78 points at 39056.65, while Nifty was up 44 points at 11713.20. About 1197 shares have advanced, 1323 shares declined, and 157 shares are unchanged. 

Tata Motors, Bharti Airtel, Eicher Motors, SBI and Gail India were among gainers on the Nifty, while HPCL, Zee Entertainment, BPCL, Bajaj Auto and Sun Pharma remained on the losing side.

Among the sectors, PSU and auto led the gainers followed by infra and IT, while FMCG, metal and pharma witnessed selling pressure.

The crucial resistance for Nifty spot is now seen at 10740 and above this 10920 Support for the immediate term is now placed at 10580 next support will be 10370.

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Sensex ends 164 pts higher, Nifty above 11,650; Tata Motors gains 7%.

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Benchmark indices ended higher but off day's high on the back of last hour selling pressure on first day of the financial year 2020. The Sensex touched a record high of 39,115.57 during the day, while Nifty also closed above 11,650 level.

The Sensex rose 164.27 points at 38,837.18, while Nifty was up 31.70 points at 11,655.60. About 1685 shares have advanced, 918 shares declined, and 145 shares are unchanged. 

Tata Motors, Hindalco Industries, Wipro, Bharti Airtel and Maruti Suzuki were the top gainers on the Nifty, while Zee Entertainment, UPL, IOC, Eicher Motors and IndusInd Bank were among major losers.

Among sectoral indices, except bank and FMCG all other indices ended in green led by metal, IT, infra, auto and pharma.

HEADLINES OF THE DAY

Lupin launches Tadalafil tablets: The company announced the launch of Tadalafil tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, having received an approval from the United States Food and Drug Administration (FDA) earlier. 

Muthoot Capital Services has completed a securitization transaction of Rs 62.11 crore on March 30, 2019.

Eicher Motors sales number: The company's total March 2019 CV sales at 8,676 units, down 7.6 percent against 9,411 units, YoY.

RBI To Cut Repo Rate:

"With the subdued growth outlook (GDP Q3FY19, guidance for GDP Q4FY19 and FY19, IIP since Nov-18) and moderate inflation (both CPI and WPI). The RBI does not seem to have any major reason not to cut the policy rate again during its next meeting. I think that the relevant question is whether the bank would cut the rate by more than 25 bps," Sujan Hajra, Chief Economist and Executive Director at Anand Rathi Shares & Stock Brokers said.

Hinduja Group flagship firm Ashok Leyland reported a 4 percent decline in total sales at 21,535 units in March this year as against 22,453 units during the same month of the previous year.

Escorts shares declined 1.4 percent intraday after its sales volume in March missed analyst expectations due to subdued domestic performance.

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 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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