Sensex Recovers, Nifty above 7600; banks, infra, pharma up

Free Nifty Tips - Equity benchmarks rebounded in morning trade with the Sensex rising 54.63 points to 25099.06 and the Nifty climbing 22.55 points to 7633. About 1312 shares have advanced, 797 shares declined, and 150 shares are unchanged on the BSE. 

 

The market recouped early losses with the Nifty getting back above 7600 level, driven by banks, capital goods and pharma stocks. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.2 percent, respectively. The 30-share BSE Sensex fell 25.73 points to 25018.70 and the 50-share NSE Nifty rose 1 point to 7611.45. The market breadth was positive as about 1030 shares advanced against 875 declining shares on the BSE. 

 

Shares of Infosys, ICICI Bank, HDFC Bank, Sun Pharma, HUL, Maruti, Lupin and GAIL gained 0.5-1 percent while Tata Motors, TCS, M&M, Bharti Airtel and ONGC fell 1-3 percent.

Sensex rangebound, Nifty50 flat in skittish trade; Eros surges 4%

Free Nifty tips - The S&P BSE Sensex started traded in a range with a negative bias on Friday ahead of key IIP data, scheduled to be released later in the day. 

The 50-stock barometer Nifty50 came under pressure, but was still trading above its crucial psychological support level of 7,650.Shares of ITC, L&T, HDFC Bank, ICICI Bank contributed to the weakness seen on the BSE benchmark.

The broader markets outperformed the benchmark indices with the BSE midcap and BSE smallcap indices trading higher by 0.28 and 0.35 per cent, respectively. Among the sectoral indices, the BSE Metal index was the top perfomer gaining 1.31 per cent as base metals made a smart come back world over.The sentiment on the Street was positive with six of every ten stocks trading in the green.Shares of Texmaco Rail surged over 8 per cent while that of Eros International Media gained

Sensex 25,209, down 43 points, Nifty 7,672, down 12 points

Top Gainers: TATA STEEL (4.64%), VEDANTA LTD (1.80%) HINDALCO (1.65%), INFOSYS LTD (0.82%), RELIANCE IND. (0.62%)

Top Losers: ITC LTD (1.62%), ONGC (1.07%), L&T (0.97% ..

Havells shares surge 8% at close; mcap rises by Rs 1,422 crore

Havells Shares -  Shares of consumer electricals firm Havells IndiaBSE 8.05 % today ended with 8 per cent gains after it announced divestment of majority stake in European lightings operations Sylvania to Shanghai Feilo Acoustics for nearly 148.8 million euros (about Rs 1,090 crore).

 

 

 

The stock settled at Rs 305.35, up 8.05 per cent on BSE. During the day, it surged 10.22 per cent to Rs 311.50.At NSE, shares of the company soared 7.75 per cent to Rs 305.The company added Rs 1,421.79 crore to Rs 19,071.79 crore in market valuation.
 

In terms of volume, 19.43 lakh shares of the company changed hands at BSE and over one crore shares were traded at NSE during the day. In 2007, Havells had acquired Frankfurt-headquartered Sylvania for $300 million through its Dutch subsidiary Havells Netherlands.
 

The company will be selling 80 per cent each in Havells Malta BV and Havells Exim Ltd, Hong Kong. "Havells India has received an intimation from its wholly-owned subsidiary Havells Holdings, that it proposes to enter into definitive agreement with Shanghai Feilo Acoustics Co to divest 80 per cent stake in Havells Sylvania Malta BV, subject to shareholders and related approvals", the company said in regulatory filing.
 

Havells India also proposed to divest 80 per cent stake in its wholly-owned subsidiary Havells Exim Ltd, Hong Kong.

Nifty struggles below 7650, Sensex flat; Reliance, HDFC up

free Nifty tips - The market is consolidating after seeing more than 1100 points fall in previous six consecutive sessions. The Sensex rose 36.73 points to 25072.78 and the Nifty gained 8.45 points at 7620.95. The market breadth was positive as about 1285 shares advanced against 815 declining shares on the BSE. Lupin and Sun Pharma fell more than 2 percent followed by Tata Motors, ICICI Bank, Mahindra & Mahindra, Maruti Suzuki, SBI and BHEL with 1-1.8 percent losses. Reliance Industries, HDFC, NTPC, GAIL, Hindalco and Vedanta topped the buying list on Sensex, up 1-2 percent.

 The S&P BSE Sensex pared some of its gains after surging over 100 points in early morning trade on Thursday. The 50-stock barometer Nifty50 was trading around its crucial level of 7,650.
 

The broader markets traded mixed with the BSE midcap shedding 0.11 per cent in trade while the BSE smallcap index gained 0.36 per cent. Among the sectoral indices, the BSE Realty index was the top gainer, up 1.23 per cent. Realty stocks surged in trade, gaining up to 3 per cent after the Cabinet approved more than twenty amendments to the Real Estate (Regulatory) Bill, 2013 on Wednesday.
 

Shares of ABG Shipyard gained over 6 per cent in trade while that of Dish TV slumped over 3 per cent. Meanwhile, Vedanta and Hindalco traded higher by 2 per cent to become top gainers on the BSE benchmark.