Sensex, Nifty flat; Emami slumps 6%, ITC down 1% Ahead of Earnings

The S&P BSE Sensex was trading in the red on Friday tracking the mixed cues seen in other Asian markets. The Nifty50 also managed to reclaim its crucial psychological level of 8100.
 

The broader markets tailed the benchmark indices with the BSE midcap index outperforming the BSE benchmark, up 0.55 per cent. The BSE smallcap index was also up 0.12 per cent.


Sensex: 26784.37, down 53 points; Nifty: 8106.05, down 5.7 points


Top Gainers:

NTPC (5.2%), HINDALCO (2.9%), TATA STEEL (1.9%), DR. REDDYS LAB (1.6%), AXIS BANK (1.1%)


Top Losers:

iTC (4.5%), VEDANTA (2.5%), M&M (1.7%), GAIL (1.3%), ONGC (1.2%)


BUZZING STOCKS:


NTPC surged over 6 per cent in intraday trade.

MRPL surged over 7 per cent in intraday trade.

Emami slumped about 6 per cent in intraday trade.

NIIT Technologies gained over 8 per cent in intraday trade.

Just Dial slipped over 6 per cent in intraday trade.

Hexaware was down over 3 per cent in intraday trade.

Muthoot Finance was down about 4 per cent in intraday trade.

Reliance Infra climbed about 5 per cent in intraday trade.

Jindal Steel surged over 6 per cent in intraday trade.

Nifty struggles to hold 8150; banks, FMCG laggards

The market is volatile as generally seen on F&O expiry day. The Sensex is down 48.70 points or 0.2 percent at 26991.06 and the Nifty is down 19.95 points or 0.2 percent at 8151.25. About 1162 shares have advanced, 884 shares declined, and 144 shares are unchanged.
 

Bank and FMCG stocks are under heavy selling pressure. BHEL, Axis Bank, Bharti Airtel, GAIL and Maruti Suzuki are major losers in the Sensex.
 

There is no reason why one should not grab Axis Bank at the current levels, suggests Dipen Sheth of HDFC Securities. He urges investors to look at all parameters like NIM, loan growth etc and not agonise over NPAs. Sheth calls the private lender responsible for admitting its September quarter asset quality concerns. He is also bullish on ICICI Bank , which also has stressed assets, and advises to own the two stocks with a 2-year time horizon. "We remain buyers,"
 

Oil prices tumbled, cutting short a rally the day before after hints of an interest rate hike in December by the US Federal Reserve boosted the dollar.

 

 

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Sensex, Nifty continue to be sluggish; Banks slump

The market continues to be under pressure as the Sensex is down 151.57 points or 0.6 percent at 27101.87. The Nifty is down 39.45 points or 0.5 percent at 8193.45. About 830 shares have advanced, 646 shares declined, and 74 shares are unchanged.

Bharti Airtel, HDFC Bank, Tata Motors, Tata Steel and GAIL are top gainers in the Sensex. Among the losers are Axis Bank, ICICI Bank, Lupin, ONGC and Coal India.

Gold retained small overnight gains on Wednesday, but caution prevailed ahead of a Federal Reserve policy statement later in the session as investors waited for clues on the timing of a US rate hike. The US central bank is not expected to raise rates on Wednesday, but markets will be eyeing the statement for the Fed's take on the US and global economies, and whether it could hike rates at its next meeting in December.

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Sensex slips over 100 points, Nifty below 8,250; HDFC, Vedanta down 2% each

The S&P BSE Sensex slipped over 100 points on Tuesday tracking weakness seen in other Asian markets.

 

The Nifty50 also started on a weak note and broke below its crucial psychological level of 8250.
 

The shares of Vedanta slipped about 2 per cent ahead of earnings while Hitachi cracked over 1o per cent. HDFC also slipped about 2 per cent post Q2 earnings.The broader markets outperformed the becnhmark indices with the BSE midcap index trading marginally higher by 0.12 per cent while the BSE smallcap index was down 0.05 per cent. Among the sectoral indices, the BSE Metals index was the top laggard, down 1.2 per cent.

The rupee inched 1 paise lower at 64.97 against the US dollar in early trade on Tuesday after home sales data released in the US overnight diminished hopes of a shift in the policy stance by the Federal Reserve in a two-day policy review, beginning later in the day. The domestic currency had depreciated 12 paise to close at 64.96 against the greenback in the previous session, led by dollar buying by domestic banks and importers. 

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Nifty struggles below 8300, Sensex wobbly; Auto, Infra Rise

The market is unable to sustain gains and wobbly as the day progresses. The Sensex is down 15.78 points at 27455.03 and the Nifty is down 14.75 points at 8280.70. About 874 shares have advanced, 1286 shares declined, and 126 shares are unchanged.


BHEL, Bajaj Auto, Maruti, Hero and Tata Motors are top gainers while Bharti, Coal India, Reliance, Cipla and ICICI Bank are among losers. Besides Auto, Capital Goods index is up 0.6 percent. Oil & Gas, Metals are struggling in red.


Gold steadied after a three-day losing streak on Monday, but was hovering close to its lowest in nearly two weeks, hurt by a strong dollar and fears the Federal Reserve could raise US interest rates this year. A rally in global equities also kept buying interest subdued for the metal, which has been weighed down all year by uncertainty over the timing of a US rate hike.


Investors initially bet the Fed would be compelled to delay a rate hike given the fragility of the global economy, but buying soon evaporated on views that the Chinese stimulus and upbeat US data made a Fed rate hike more likely this year.

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Sensex rallies over 200 points; Nifty reclaims 8,300

The S&P BSE Sensex surged over 200 points in trade on Friday following positive trend seen in other Asian markets.
 

The Nifty50 surged over its crucial psychological level of 8,300.


The shares of KPIT Technologies surged over 15 per cent. Wipro slipped about 2 per cent post muted Q2 numbers.


The rally on the benchmark indices also spread to the broader markets, with the BSE midcap and BSE smallcap index gaining 0.6 per cent each.
 

The BSE oil & gas and BSE Bankex led the rally on the indices, both edging higher by 1.32 per cent each.
 

ICICI Bank and SBI were the top BSE Bankex gainers, up 2.1 and 1.85 per cent, respectively. The top contributors on the BSE Oil & Gas index were Cairn India and ONGC.

The Rupee appreciated by 34 paise to 64.78 against the dollar in early trade on Friday. The domestic currency had fallen by 7 paise to close at 65.12 against the US currency on Wednesday. The currency market was closed on Thursday on account of Dussehra.

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Midcaps outperfom Sensex, Nifty; Hero down ahead of Q2 nos

The market is still flat but traders continue to build positions in midcap. The Sensex is up 38.18 points at 27403.10 and the Nifty is up 11.55 points at 8286.60. About 1448 shares have advanced, 774 shares declined, and 133 shares are unchanged. Both midcap and smallcap indices are up 0.7 percent each. Tata Motors, TCS, NTPC, L&T and BHEL are top gainers in the Sensex. Among the losers are Cipla, Vedanta, Hindalco, ONGC and Hero.
 

Hero MotoCorp is likely to report tepid September quarter results due to weak rural demand. According to a CNBC-TV18 poll, the two-wheeler manufacturer's net profit may slip 6 percent to Rs 717.2 crore in Q2FY16 from Rs 763.4 crore in year-ago period. Weak volumes are seen dragging revenue by 3.4 percent to Rs 6681 crore against Rs 6915.3 crore year-on-year.


The rupee trimmed its initial losses, but was still down 10 paise at 64.90 per dollar in late-morning deals in the midst of sustained demand for the US currency from importers amid lower dollar overseas. Overseas,the dollar gave back some of its overnight gains against the euro today after marking a 10-day high ahead of this week's European Central Bank meeting, which some investors believe could set the stage for additional stimulus later this year.


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Sensex, Nifty consolidate; oil & gas, pharma stocks rally

The market consolidats with the benchmark indices locked in a range. The Sensex is up 56.24 points at 27270.84. The Nifty is up 6.70 points at 8244.85. About 1345 shares have advanced, 817 shares declined, and 113 shares are unchanged.

Oil & gas and pharma stocks are leading while banks, capital goods, metals and autos are struggling. Reliance, Bharti, Sun Pharma, Infosys and Cipla are top gainers in the Sensex. Tata Motors, Tata Steel, ONGC, L&T and ICICI Bank are laggards.
 

Meanwhile,Reserve Bank of India Governor Raghuram Rajan called for stronger multilateral agencies that can steer global coordination in tackling economic and monetary policy issues, adding emerging markets needed to be part of that debate.
 

Raghuram Rajan also called on the International Monetary Fund to be more inclusive and not just driven by the needs of industrialised countries, while noting the agency needed to more closely examine "extreme" policies by global central banks.
 

The RBI governor also urged the need for global "safety nets," while noting one proposal could be foreign exchange swap lines mediated and backed by the IMF.

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Sensex rangebound; Nifty holds 8150; JK Tyre gains 3%, DCB Bank up 5%

The S&P BSE Sensex traded rangebound on Friday after weak ecport data raised concerns over the underlying weakness of the economy even though most of the other emerging markets were trading with a positive bias.
 

The Nifty50 also came under pressure but was still trading above its crucial psychological support level of 8,150.
 

Reliance IndustriesBSE 0.69 %, the oil & gas major, is expected to report 3.2 per cent rise in net profit to Rs 5,926 crore for the quarter ended September 30, compared to Rs 5,742 crore reported in the year-ago period.
 

Most other Asian markets traded with smart gains taking cues from the rally seen in US markets. Japan's Nikkei rose 1.3 per cent while Taiwan traded higher by 0.1 per cent. Hong Kong's Hang Seng index gained 0.7 per cent while China's Shanghai Composite was up 1.2 per cent.
 

US stocks rallied on Thursday after US Jobless claims succumbed to their lowest levels in 42 years, data released by the US Commerce Department on Thursday showed. The uneployment claims fell by 7,000 to 255,000 in September beating estimates. The data along with a 1.8 per cent core CPI inflation helped pacify investors concern over US economy while also bring forward the expected timeline of a rate hike by the US Federal Reserve.

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Nifty holds 8100 Amid pressure; SpiceJet, Jet up once again

The market is completly flat but the Nifty has managed to hold 8100 level. The 50-share index is up 1.55 points at 8133.25 and the Sensex is up 4.07 points at 26850.60, and the Nifty About 1356 shares have advanced, 773 shares declined, and 97 shares are unchanged. Hindalco, Vedanta, Tata Steel, Lupin and Infosys are gainers while TCS, Tata Motors, ICICI Bank,
 

Hero MotoCorp and Cipla are among losers. Aviation stocks are seeing buying interest once again with both SpiceJet and Jet Airways gaining 3-5 percent.
 

Shares of Tata Consultancy Services fell 4 percent intraday on Wednesday after it announced September quarter results last evening. It reported almost in-line Q2 earnings, with net profit jumping 6.1 percent to Rs 6055.2 crore while revenue grew by 5.8 percent quarter-on-quarter to Rs 27,165 crore. Profit and volume growth met analysts' expectations but revenue missed forecast for the fifth consecutive quarter. Lower other income and higher tax expenses capped bottomline growth.
 

Brokerages are still bullish on the stock. Most analysts are, however, concerned about its Japan business, insurance platform Diligenta and high hiring guidance.
 

Shares of Bharat Forge (BFL) have fallen 6 percent intraday after CLSA has downgraded the stock to sell from buy, citing weak operational outlook. The brokerage also slashed target price 49 percent to Rs 745 from Rs 1,465 apiece as it feels valuations are unlikely to sustain. Despite recent stock correction, it still sees 20 percent downside. In last six months, the stock has corrected more than 30 percent, especially after consistent fall in new truck orders in the US.





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Sensex, Nifty continue to struggle; Infosys drags 3%

The market is struggling with the Nifty holding 8100 mark. The 50-shar index is down 30.95 points or 0.4 percent at 8112.65. The Sensex is down 111.72 points or 0.4 percent at 26792.39. About 1183 shares have advanced, 889 shares declined, and 102 shares are unchanged.

Bajaj Auto, Lupin, Coal India, Wipro and BHEL are top gainers while Hindalco, Vedanta, ONGC, Tata Steel and Infosys are major losers in the Sensex.

Gold steadied near a three-month high, as investors pushed back expectations of a Federal Reserve interest rate hike to next year and on a weaker dollar. The Fed was expected to raise US rates for the first time in nearly a decade this year, but recent weak US data, concerns over Chinese growth and volatility in financial markets have prompted markets to shift rate hike views to early 2016.

The US central bank refrained from hiking rates at its last meeting in September. It holds two more policy meets in 2015: on Oct. 27-28, and then in December. Higher rates could dent demand for non-interest-paying bullion, while boosting the dollar. 

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Sensex, Nifty sluggish post Infosys nos; IT index down

The market is completely flat after the initial euphoria on Infosys results. The Sensex is up 5.53 points at 27085.04 and the Nifty is up 4 points or 0.05 percent at 8193.70. About 1259 shares have advanced, 909 shares declined, and 90 shares are unchanged.
 

Vedanta, Hindalco, Tata Motors, Tata Steel and BHEL are top gainers while Infosys, Cipla, HDFC, Wipro and Lupin are major laggards in the Sensex. IT index is down 1 percent from previous close.

The market is still flat with all focus on Infosys' Q2 results. The Sensex is up 37.11 points at 27116.62 and the Nifty is up 11.20 points at 8200.90. About 1008 shares have advanced, 705 shares declined, and 66 shares are unchanged.


Infosys touched record high at Rs 1219 intraday after September quarter results but soon cooled off. The stock is down 3 percent. Infosys' Q2 profit increased 12 percent to Rs 3,398 crore from Rs 3030 crore on sequential basis. CFO Rajiv Bansal has resigned.
 

Other losers are Cipla, HUL, HDFC and Maruti. Vedanta is up 7 percent while Tata Steel, Hindalco, ONGC and Tata Motors are top gainers.






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Sensex, Nifty rally ahead of Q2 results; TCS, Wipro fall

The market continues its rally ahead of September quarter earnings. The Sensex is up 237.26 points or 0.9 percent at 27083.07 and the Nifty is up 63.45 points or 0.8 percent at 8192.80. About 1464 shares have advanced, 777 shares declined, and 94 shares are unchanged.

Vedanta, Hindalco, Tata Steel, ICICI Bank and Tata Motors are top gainers in the Sensex. Among the losers are Coal India, Sun Pharma, TCS, BHEL and Wipro.

Oil prices extended their recent rally in Asia on Friday on hopes that increasing demand and a decline in US crude production would ease a supply glut that has depressed the market for more than a year.

The two main crude contracts hit a six-year low during the April-September quarter owing to a fears about an oversupply, China's economic crisis and expectations for a US interest rate rise.


However, they have surged recently as the US Federal Reserve shows signs it will hold off hiking rates -- a rise would strengthen the greenback, making dollar-priced oil more expensive - while recent data from Beijing have soothed nerves.


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Sensex below 27000, down 100 pts; banks drag, Hindalco up

Market Update - Equity benchmarks remained under pressure. The Sensex fell 122.01 points to 26913.84 and the Nifty declined 32.15 points to 8145.25.

About 1141 shares have advanced, 1032 shares declined, and 94 shares are unchanged on the BSE.

Market Check - The market declined marginally in morning trade with the Sensex falling 115.18 points to 26920.67 and the Nifty slipping 30.90 points to 8146.50. Banking & financials dragged the market while metals, technology and pharma stocks gained. The broader markets were also marginally under pressure.

Shares of ITC, ICICI Bank, HDFC Bank, Lupin, Reliance Industries, L&T, Axis Bank and Bharti Airtel were down 0.9-1.8 percent.

Tata Steel, Vedanta and Hindalco Industries topped the buying list on Sensex, up 2-2.7 percent.

Buzzing- Shares of 3i Infotech climbed more than 8 percent intraday after allotting preference shares to DBS Bank as per corporate debt restructuring (CDR) plan.

"Pursuant to terms of master restructuring agreement between CDR lenders and 3i Infotech, the company has allotted 1,69,70,618 equity shares at a conversion price of Rs 19.74 on a preferential basis to DBS Bank on October 7," the IT company said in its filing. Additionally, on October 6, 3i Infotech also allotted 40,016 equity shares against conversion of the FCCBs of principal amount of USD 13,000. 

 

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Nifty above 8150, Sensex steady; Vedanta, Hindalco up 4-6%

The market is sustaining gains as the Sensex is up 107.07 points or 0.4 percent at 27039.95. The Nifty is up 22.15 points or 0.3 percent at 8175.05. About 1491 shares have advanced, 657 shares declined, and 94 shares are unchanged.

Vedanta, Hindalco, ONGC, Bajaj Auto and Tata Motors are top gainers in the Sensex. Among the losers are Bharti Airtel, Wipro, ICICI Bank, Dr Reddy's Labs and L&T.

Gold rose towards its highest in nearly two weeks on Wednesday, as more sluggish US economic data supported views that the Federal Reserve would delay a rate hike to next year.

Data on Tuesday showed that US exports took a hit from an ailing global economy in August and imports from China surged, fuelling the largest expansion of America's trade deficit in five months.

ONGC gained 3 percent and Cairn India surged 4.5 percent after further upside in oil prices. Brent crude climbed 1 percent to USD 52.44 a barrel and Nymex crude rose 1.6 percent to USD 49.31 a barrel on hopes the crude supply glut may ease and the Federal Reserve may hold rate hike. 

 

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Nifty struggles to hold 8100, Sensex up; Infosys, BHEL Drag

The Market has cooled off after early morning rally. The Sensex is up 86.42 points or 0.3 percent at 26871.97 and the Nifty is up 17.55 points or 0.2 percent at 8136.85. About 1384 shares have advanced, 746 shares declined, and 88 shares are unchanged.

TataMotors, GAIL, Coal India, Cipla and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are BHEL, Infosys, HDFC twins and Bajaj Auto.

Oil prices held above USD 46 a barrel in Asia today ahead of a report on US commercial crude inventories, a closely watched indicator of demand in the world's top consumer.

A decline in US drilling activity has supported prices recently, fuelling hopes a fall in production would help ease the global crude supply glut.

Crippling economic sanctions imposed by the west on Iran have restricted the country's oil exports, but its compliance to the terms of a landmark agreement reached in July could see the sanctions lifted.

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Sensex soars over 400 pts; Maruti & Infosys laggards

The market is surging ahead with major support from banks, auto and capital goods. The Sensex is up 402.99 points or 1.5 percent at 26623.94 and the Nifty gains 115.30 points or 1.4 percent at 8066.20. About 1687 shares have advanced, 539 shares declined, and 78 shares are unchanged.

Tata Motors, HDFC, ICICI Bank, L&T and TCS are top gainers in the Sensex. Among the losers are Maruti, Dr Reddy's Labs, Lupin, Coal India and Infosys. 

Oil extended gains in Asia as a decline in US drilling pointed to a slowdown in production, but concerns over demand remain after a disappointing US jobs report.

Gold retained gains from its biggest daily jump in nearly nine months as weak US jobs data eased fears the Federal Reserve will hike rates this year. Gold, which had been weighed down all year by expectations the US central bank could soon rise rates, rallied as the dollar fell. The metal is still down nearly 4 percent this year.

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Nifty off Highs; Auto stocks in focus, Maruti down

After beginning the day with great confidence amid a firming trend in other Asian markets following overnight gains on the Wall Street, benchmark indices fell victim to profit booking. At 11 am, the Sensex stocks came off sharply from their morning highs. The index was trading only 0.08 percent higher at 26176.80 while the Nifty lost its initial proximity to the 8000 level and precariously clung to 7939.50. HCL tech remained biggest drag on the Nifty.

Auto stocks remained in focus as companies prepare to announce their September sales report card. Maruti Suzuki, which had run up the previous few sessions was among the top Sensex losers as it reported slight dent in its annual exports and grew only in single digits. The company's total sales Y-o-Y was higher by 3.7 percent at 1.13 lakh units.

Tata Motors, Eicher Motors and Bajaj Auto were other prominent losers in the auto sector while Ashok Leyland, Hero MotoCorp and M&M were gainers.

Auto stocks remained in focus as companies prepare to announce their September sales report card. At 11 am, the market was looking weak. The Sensex came off sharply from its morning highs and was trading only 0.08 percent higher at 26176.80. The Nifty lost its initial proximity to the 8000 level and precariously clung to 7939.50.

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