Thursday, January 29, 2015

Nifty ends flat on weak global cues

A highly volatile trading session ended on a flat note with the NSE Nifty snapping its eight day winning streak on Wednesday. Traders opted to book profits in select shares, ahead of the futures & options expiry tomorrow, after the market scaled fresh record highs in noon deals. Infrastructure and metal related stocks bore the brunt of the selling, while financials too tripped from the highest point of the day.

The NSE Nifty came within striking distance of hitting the 9,000-mark, as the index soared to a high of 8,985 in noon trade. The Nifty eventually ended four points higher at 8,914. The India VIX (Volatility) index shot up by 9.3 per cent to 19.77. The broader market outperformed the key benchmark indices today.The breadth, however, was fairly negative - out of 1,740 stocks traded on the NSE, 982 declined and 542 advanced today.

Among sectors - CNX IT was up over a 100 points at 11809.55, the CNX Infra index plunged nearly 2 per cent to 3,280, and the Metal index shed 1.5 per cent at 2,546. The Bank Nifty which touched a fresh life-time high at 20,908, was down 0.3 per cent at 20,492. 

Bharti Airtel was the major loser, down 4.7 per cent at Rs. 376, on account of profit-taking following the 12 per cent gain in the preceding five trading sessions. Sesa Sterlite and Jindal Steel dropped around 3 per cent each to Rs. 201 and Rs. 154, respectively. Tata Steel also declined over 2 per cent to Rs. 390.   Tata Motors and Larsen & Toubro shed 2.7 per cent each at Rs. 588 and Rs. 1,695, respectively.   Kotak Bank slipped nearly 2.5 per cent to Rs. 1,355 on the back of multiple block deals at the counter on the NSE.   Cairn India, Hindalco, HDFC Bank, Lupin and Tata Power were the other major losers. DLF surged nearly 3 per cent to Rs. 162.

IT shares were in demand today following the lackluster performance in the recent days. HCL Technologies advanced 2.7 per cent to Rs. 1,659. Tech Mahindra and Wipro advanced over 2 per cent each to Rs. 2,878 and Rs. 612, respectively. TCS too spurted over a per cent to Rs. 2,533.   HDFC rallied over 2 per cent to Rs. 1,345. BPCL, Asian Paints and Reliance Industries also gained around 2 per cent each at Rs. 707, Rs. 909 and Rs. 907, respectively.   Grasim, ONGC, ACC and SBI were the other prominent gainers. Maurti Suzuki too was up nearly a per cent at Rs. 3,722 after the company yesterday reported 17.8 per cent rise in Q3 net profit.   Paint shares were once again in limelight, with the likes of Asian Paints up 1-3 per cent, as Crude Oil prices continued to languish below the $ 50-mark for most part of the month so far.
A total of 84 stocks registered a fresh 52-week high today. Axis Bank, Grasim, ICICI Bank, IndusInd Bank, Kotak Bank, Lupin, Maruti, PowerGrid Corporation, SBI, Tech Mahindra, were some of the major stocks.

Wednesday, January 28, 2015

Nifty settles 75 points up


The Indian equity market once again shut shop at fresh life time high with the Bulls forcing the bears in late noon session to cover up certain short positions ahead of the futures & options expiry this Thursday. Indices extended their winning streak to eight consecutive trading session as the Indo-US nuclear deal and new business pacts boosted sentiment. The banking stocks led the rally, followed by auto, capital goods, realty and FMCG stocks. Only the IT and the metals stocks were among the major losers.

Despite registering lower than expected quarterly earning Shares of Maruti gained by 2.5%. 

The Nifty broke above the 8,900-level in the last half-hour of trade, and touched a new summit at 8,925. The Nifty eventually settled 75 points higher at 8,911, and has galloped 7.6 per cent (633 points) in the last eight days. The Nifty is just 89 points shy of the 9,000-mark. The Sensex ended the day with a gain of 292 points at 29,571. In the process, the BSE index has surged 8.1 per cent (2,224 points) in the last eight straight trading sessions.



The India VIX (Volatility) index was up 1.1 per cent at 18.085.

The breadth, however, was marginally negative - out of 1,749 stocks traded on the NSE, 799 declined and 719 advanced today.

Among sectors - the Bank Nifty zoomed 2.4 per cent to 20,555. The Auto, FMCG, Infra and Realty indices were up over a per cent each at 9,100, 20,986, 3,343 and 222.25, respectively. The IT index, however, tumbled 1.6 per cent to 11,693.

ICICI Bank, ITC, HDFC Bank, Axis Bank, Tata Motors, HDFC and Larsen & Toubro collectively added 89 points to the Nifty, while Infosys alone accounted for a loss of 22 points.

Axis Bank was the top per cent age gainer, up 5 per cent at a fresh all-time high at Rs. 593. ICICI Bank jumped 3.5 per cent to Rs. 384 and HDFC Bank added 2.5 per cent to Rs. 1,068.

SBI was up around 1% each, while private housing lending major - HDFC moved up 1.7% to Rs. 1,312.

Cipla spurted over 4 per cent to Rs. 707. ITC too jumped over 3 per cent to Rs. 361 after around 10 lakh shares changed hands in a single block at Rs. 353 on the NSE.

Asian Paints and Tata Motors too rallied to fresh life-time high, up around 3 per cent each, to Rs. 890 and Rs. 606, respectively.

Bharti Airtel, Lupin, BPCL and Grasim were the other major gainers - up around 2 per cent each.

Defence stocks were in focus today following the new defence agreement between India-US. Index heavyweight Larsen & Toubro advanced 1.6 per cent to Rs. 1,739, and BHEL added 0.8 per cent to Rs. 281. 

On the other hand, Dr.Reddy's plunged 4.5 per cent to Rs. 3,201. Cairn India and Infosys slumped 3.5 per cent each to Rs. 239 and Rs. 2,138, respectively. HCL Technologies also slipped 2 per cent to Rs. 1,614.

Mahindra & Mahindra slipped over 3 per cent to Rs. 1,321. Coal India and Hindustan Unilever shed 2.5 per cent each at Rs. 384 and Rs. 940, respectively.

Hindalco declined 1.8 per cent to Rs. 142 on reports of CBI filing fresh case against the company in connection with the allocation of Talabira-I coal block, twenty years ago.

A total of 99 stocks registered a fresh 52-week high today, while 21 dropped to a fresh 52-week low.

Asian Paints, Axis Bank, Cipla, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, Lupin, Maruti Suzuki, Tata Motors, UltraTech Cement were some of the prominent stocks to register a 52-week high today.

Saturday, January 24, 2015

Indices close at record highs


Indian equities continued its record breaking streak, this time thanks to the positive cues from European stimulus. The European Central Bank on Thursday announced its stimulus program in a bid to revive the inflation in the euro region.The ECB kept interest rates unchanged at record lows of 0.05 per cent, in line with market expectations. ECB President Mario Draghi also announced an asset buying program to the tune of euro 60 billion per month starting from March 2015 till September 2016. World market cheered the news.


The NSE Nifty soared to 8,866 and eventually settled with a solid gain of 74 points at 8,836. In the process, the NSE Nifty has surged 6.7 per cent (558 points) in the last seven trading sessions. The CNX IT closed up at 11885.15. The Realty index closed up at 219.60.



The Bank Nifty broke above the 20,000-mark for the first time ever in trades today. The Bank Nifty touched a fresh all-time high at 20,168 and eventually ended with a gain of 0.8 per cent at 20,073.

The India VIX (Volatility) declined 3.7 per cent to 17.885.
The CNX Infra index zoomed over 2.3 per cent to 3,303 led by strong gains in Larsen & Toubro, Tata Power and Bharti Airtel. The Auto index gained 1.5 per cent at 8,983.
The breadth too was fairly negative, with two declining shares for every advancing stock. Out of 1,736 stocks traded on the NSE, 1004 declined and 534 advanced today.
DLF and Tata Power were the major gainers, up around 6 per cent each at Rs 157 and Rs 88.50 respectively.
Cipla and Cairn India surged around 4 per cent each at Rs. 682 and Rs. 248, respectively.
Jindal Steel, Bharti Airtel rallied around 3.5 per cent each at Rs. 159 and Rs. 383, respectively. Tata Motors too jumped 3.5 per cent and ended at a new summit at Rs. 586 following the launch of its new hatchback - Bolt.
Larsen & Toubro advanced 3 per cent to Rs. 1,712, and BPCL gained 2.5 per cent at Rs. 674.
HDFC Bank and Hindustan Unilever gained around 2 per cent each and also registered a fresh life-time high today. 
Mahindra & Mahindra too added 2 per cent to Rs. 1,356, on high volume after the counter witnessed a block deal of around 500,000 shares on the NSE.
Sesa Sterlite, NMDC, IndusInd Bank, NTPC and Hero MotoCorp are the other prominent gainers.
On the other hand, Punjab National Bank plunged 2.7 per cent to Rs. 207. BHEL and Gail India slipped nearly 2 per cent each to Rs. 279 and Rs. 423, respectively.
Lupin, HCL Technologies, ACC, Grasim, Coal India and ONGC were down around a per cent each. 
A total of 82 stocks registered a fresh 52-week high on the NSE today. Prominent among these were stocks like - ACC, Ambuja Cement, Axis Bank, Bank of Baroda, Cipla, HDFC, HDFC Bank, Hindustan Unilever, ICICI Bank, IDFC, Infosys, Lupin, SBI, Sun Pharma, Tata Motors and UltraTech Cements.

Friday, January 23, 2015

Nifty ends at lifetime high


Indian equities logged gains for the sixth straight session led by select index heavyweights like Infosys, Axis Bank, Sun Pharma and Tata Motors, while Reliance Industries dragged.


The market traded with caution for the most part of the trading day ahead of the key ECB meet outcome. Globally, market remained subdued as they awaited the European Central Bank decision on the stimulus. However, the overall mood remained optimistic on the back of steady FII inflows and hopes of reforms in the upcoming Budget.
The foreign institutional investors were net buyers in equities to the tune of Rs 2,065 crore on Wednesday, as per the provisional stock exchange data.
The NSE Nifty soared to a fresh life-time high at 8,774, and eventually settled 32 points higher at 8,761. The NSE index has soared nearly 6 per cent (483 points) in the last six trading sessions. CNX IT closed up at 11850.85.
The India VIX (Volatility) Index jumped another 4.8 per cent to 18.565.
Elsewhere in Asia, the Hang Seng and Shanghai Composite advanced over 0.5 per cent each to 24,552 and 3,343, respectively. The Nikkei added 0.3 per cent to 17,329.
The breadth was marginally negative - out of 1,739 stocks traded on the NSE, 807 declined and 710 advanced today.
Sun Pharma has extended its winning streak for the fifth straight day on the back of renewed buying interest at the counter. The stock today surged 3.6 per cent to Rs. 918, and has gained 11 per cent in the last five trading sessions.
Axis Bank and DLF also rallied over 3.5 per cent each to Rs. 567 and Rs. 149, respectively.
Tata Motors zoomed to record high of Rs. 566 - up 2.7 per cent on the occasion of its new car launch - Bolt.
IDFC, UltraTech Cement and ONGC also surged over 2 per cent each to Rs. 174, Rs. 3,124 and Rs. 354, respectively.
Zee Entertainment, Cipla, Tata Steel, Wipro, Lupin and Asian Paints were the other major gainers.
Reliance Industries broke its five-day winning run with a loss of 2.5 per cent at Rs. 884 on account of profit-taking. Further, the company today priced its $ 1,000 million 4.125 per cent senior unsecured notes due in 2025, at 240 basis points over the 10-year US Treasury Note.
NTPC also slipped over 2 per cent to Rs. 140. HCL Technologies and Punjab National Bank dropped 1.5 per cent each at Rs. 1,662 and Rs. 213, respectively.
Tech Mahindra, Hero MotoCorp, Gail India and Maruti also declined over a per cent each.
NMDC languished in the negative zone after the government announced plans to sell 10 per cent stake in the company. The stock ended a per cent lower at Rs. 137.
Bank of Baroda traded ex-split today after the bank's each equity share were sub-divided into five equity shares with a face value of Rs. 2 each. The stock ended 0.6 per cent lower at Rs. 224.
A total of 92 stocks recorded a fresh 52-week high today, while 14 stocks touched new 52-week lows today.
Ambuja Cements, Asian Paints, Bank of Baroda, Hindustan Unilever, ICICI Bank, IDFC, Infosys, Lupin, Power Grid Corporation, Tata Motors, and UltraTech Cement were some of the prominent stock to register a fresh 52-week high today.

Thursday, January 22, 2015

Indices extend gains for the fifth straight day

Indices extended gains for the fifth straight day on hopes of stronger reforms measures in the upcoming Budget, and renewed buying interest by the FIIs. The NSE Nifty closed above the 8700 mark for the first time ever.The sentiment received a further boost after Bank of Japan announced continuation of the 80 trillion yen stimulus, and also lowered its inflation forecast to 1%. The Nifty added 34 points while the BSE benchmark index jumped 104 points.


The NSE Nifty scaled to a new summit at 8,742, and eventually settled 34 points higher at 8,730. The NSE index has gained 452 points in the last five days. CNX IT advanced over 1% at 11814.


On the economic front, the government today announced the dates for the Budget session, with Union Budget scheduled to be presented on February 28, 2015.

The India VIX (Volatility) index also surged 2.5 per cent to 17.7125.
The breadth was fairly negative - out of 1,740 stocks traded on the NSE, 902 declined and 631 advanced today.
Among the sectoral indices, the CNX PSU Bank index was the major gainer - up 2.5 per cent at 4,408. The Infra index also advanced over 1% to 3,219. The Bank Nifty added 0.4 per cent to 19,843. However, the FMCG index plunged 2 per cent to 20,674 and the Metal index slipped 0.7 per cent to 2,565.
HDFC - the private lending major - today surged another 2.8 per cent to a fresh life-time high at Rs. 1,287. In the process, the stock has soared almost 16 per cent in the last five trading sessions.
Hindustan Unilever also soared to a fresh all-time high at Rs. 944, up 5.5 per cent on hopes that the recent measures of price cuts in select products will help the company drive volumes in the current quarter.
Bharti Airtel also jumped 4 per cent to Rs. 369. Grasim Industries advanced nearly 3 per cent to Rs. 3,796, and Coal India added 2.7 per cent to Rs. 393.
PSU banking shares were in demand today after the Pradhan Mantri Jan Dhan Yojana saw a record 11.5 crore new banking accounts open as of January 17, 2015. 
Bank of Baroda rallied nearly 4 per cent to Rs. 1,129. Punjab National Bank and Union Bank of India also surged over 3 per cent each to Rs. 216 and Rs. 248, respectively. SBI gained 2.5 per cent at Rs. 326, and Bank of India moved 1.5 per cent higher to Rs. 301.  
IT heavyweight Infosys jumped 2.4 per cent higher to Rs. 2,175. HCL Technologies, TCS and Wipro were up around 0.5 per cent each.
Bajaj Auto and Hero MotoCorp gained around 2 per cent each to Rs. 2,452 and Rs. 2,886, respectively.
Larsen & Toubro, Sun Pharma and Asian Paints were up around 1.5 per cent each.
ITC tumbled over 5 per cent to Rs. 352 after the company failed to meet Street expectations on the earnings front. The company today reported 8.7 per cent growth in Q3 net profit at Rs. 2,635 crore on the back of a marginal 2.5 per cent rise in sales at Rs. 8,942.69 crore on a year-on-year basis.
Metal stocks witnessed a weak session today as global commodities prices declined after IMF cut the world growth forecast. Sesa Sterlite and NMDC plunged around 2 per cent each at Rs. 200 and Rs. 138, respectively. Jindal Steel slipped 1.8 per cent to Rs. 153, and Tata Steel declined 1.5 per cent to Rs. 396. Hindalco too was down a per cent at Rs. 143.
DLF shed 1.8 per cent at Rs. 143. Cipla shed 3 per cent at Rs. 642, and Zee Entertainment dropped 2.3 per cent to Rs. 382 despite reporting 44.6 per cent surge in Q3 consolidated net profit at Rs. 308 crore.Tata Motors, ONGC and UltraTech Cement were the other notable losers.



As many as 82 stocks registered new 52-week highs today, while 14 stocks dropped to a fresh 52-week low.


Axis Bank, Bank of Baroda, HDFC Bank, ICICI Bank, IDFC, IndusInd Bank, Maruti Suzuki, were some of the prominent stocks to register 52-week highs today.

Wednesday, January 21, 2015

Indices hit record highs

The Indices extended their winning streak as the Nifty soared 145 points with HDFC  (up 6%) and ITC (3%) contributing most of the gains. Metal stocks managed to rally strongly on China GDP data. Also, the mid-cap index scaled to a record high today albeit with marginal gains after leading the rally for the past four days.


The market entered into a euphoric phase in the second half of the trading session, as the Nifty scaled newer heights on the back of frenzied buying in financials and metal stocks. The market sentiment has remained upbeat following the surprise rate cut by the RBI, positive overseas cues and renewed buying interest by FIIs. 
The NSE Nifty surged to a fresh all-time high at 8,708 after a gap of 31 trading sessions. Financials continued their north-bound journey following the surprise rate cut last Thursday, while metal stocks surged on the back of steady China GDP numbers at 7.3 per cent for the fourth quarter of 2014. The Nifty finally settled with a huge gain of 145 points at 8,696. Also, the BSE Sensex registered a new peak touching a high of 28,829, and finally ended with  solid gains of 523 points at 28,785.
CNX IT closed up 52.25 points at 11695.
Given the one-way movement in the market, the India VIX (Volatility) index declined over 2 per cent to 17.2725.
The FIIs on Monday were net buyers of shares worth Rs. 434 crore in the cash segment. The sentiment got a further fillip after IMP reportedly stated that Indian economy is projected to outpace China by growing at 6.5 per cent as against China's projection of 6.3 per cent growth in FY17.
Globally, Japan's Nikkei and China's Shanghai Composite index rallied around 2 per cent each to 17,366 and 3,173, respectively. The Hang Seng added a per cent to 23,951. As of 1530 hrs IST, the European market too perked higher, the FTSE 100, CAC 40 and DAX were up around 0.2-07 per cent each.
The Indian Rupee was quoted at 61.7688, down five paise.
The breadth too was marginally positive - out of 1,741 stocks traded on the NSE, 838 advanced and 699 declined today.
The CNX metal index soared over 3 per cent to 2,583 after China reported a steady GDP growth in Q4CY2014. The Bank Nifty also skyrocketed to a fresh all-time at 19,767, up 1.9 per cent.
HDFC was the major mover today. The stock surged nearly 6 per cent to Rs. 1,251. HDFC and ITC collectively contributed 34 per cent (50 points) of the day's gain on the Nifty
Metal stocks were in limelight following the steady fourth quarter China GDP data. Sesa Sterlite soared 5.5 per cent to Rs. 204. Tata Steel rallied 4.7 per cent to Rs. 403. Hindalco spurted over 3 per cent to Rs. 145. NMDC and Jindal Steel advanced around 2.5 per cent each to Rs. 141 and Rs. 155, respectively.
Axis Bank was the top gainer in the banking space, up 4.5 per cent at a new record closing high at Rs. 553. ICICI Bank advanced 2.2 per cent to Rs. 369. IndusInd Bank, SBI and HDFC Bank were up around 1.5 per cent each at Rs. 842, Rs. 318 and Rs. 1,019, respectively.
ITC rallied 3.5 per cent to Rs. 371 a day ahead of its quarterly earnings.
Reliance Industries extended gains for the second straight day as the company announced its plans to restart its fuel stations. The stock was up 2.6 per cent at Rs. 903.
Hindustan Unilever rebounded towards the fag end of the day, and ended on a flat note at Rs. 896 following yesterday's 5 per cent crash after earnings disappointment.
Tata Motors too ended at fresh life-time high at Rs. 560, up 4 per cent. Cairn India jumped 2 per cent to Rs. 239.
Zee Entertainment, HCL Technologies, Sun Pharma, Grasim, NTPC, Bharti Airtel and Larsen & Toubro were the other prominent gainers.
On the other hand, Gail India shed 2.6 per cent at Rs. 429, and Tata Power slipped over a per cent to Rs. 81.85.
Dr.Reddy's, Maruti Suzuki and Power Grid Corporation were the other notable losers.
As many as 102 stocks registered fresh 52-week high today, while mere 12 stocks fell to a new 52-week low on the NSE.

Tuesday, January 20, 2015

Nifty clocks good gains

Indian equities ended with smart gains, however, it closed off days high on Monday on account of some selling pressure near all time high levels.  Besides HUL, stocks like HDFC, TCS and Infosys were weak.   Hindustan Unilever tumbled in the late trades after earnings failed to meet expectations. The company reported 17.9% growth in Q3FY15 net profit at Rs. 1,252 crore, partly aided by an exceptional gain of Rs. 396 crore, on a year-on-year basis. The top line grew by 7.2% to Rs. 7,894 crore.   The stock, which, was down around 2% in noon deals, suddenly tanked to a low of Rs. 886 post the Q3 numbers. The stock eventually ended with a loss of 5% at Rs. 894. 

The market exhibited a positive trend today, shrugging the weak cues from the other Asian indices, as banking, infrastructure, energy and pharma shares marched higher. The NSE Nifty touched a high of 8,571, and finally settled with a gain at 8,513. In the process, the NSE index has now gained 273 points in the last three straight trading sessions. The India (VIX) Volatility index moved 2.2 per cent higher to 17.65. 

The breadth was fairly positive - out of 1,750 stocks traded on the NSE, 938 advanced and 589 declined today. Among sectors - CNX IT closed down 17.05 points at 11642.75. the CNX Infra and Pharma indices jumped 1.2 per cent each to 3,160 and 11,249, respectively. The Bank Nifty added a per cent to 19,406, and the Energy index was up 0.8 per cent at 8,656.  Wipro was the top gainer in the Nifty 50 today. The stock surged 5 per cent to Rs. 584 after the company reported 9 per cent growth in Q3 net profit at Rs. 2,192.80 crore on year-on-year basis.   HCL Technologies soared 5 per cent to Rs. 1,720 after the company announced plans for a bonus issue. The stock, however, eventually ended on a flat note at Rs. 1,646. The company's board is scheduled to meet from January 28-30, 2015, to consider the bonus issue proposal and announce its earnings. IT majors - Infosys and TCS, however, ended on a lukewarm note, down 0.7 per cent and 0.9 per cent each at Rs. 2,105 and Rs. 2,509, respectively. Reliance Industries rebounded into the positive zone in intra-day trades despite reporting fall in Q3 net profit, as the company reportedly reopened a fifth of its total 1,400 fuel outlets. The stock finally ended 1.2 per cent higher at Rs. 880.  

Sun Pharma gained 1.5 per cent at Rs. 863 amid high volume. Gail India surged nearly 4 per cent to Rs. 441, and BHEL spurted over 3 per cent to Rs. 282.   Ambuja Cement and Axis Bank advanced around 3 per cent each to register fresh 52-week high at Rs. 247 and Rs. 530, respectively.   Lupin, IDFC, Bharti Airtel, Tata Motors, Mahindra & Mahindra were the other major gainers - up over 2 per cent each.   ICICI Bank and Larsen & Toubro also finished with smart gains at Rs. 360 and Rs. 1,617, respectively.

Nearly 100 stocks registered a fresh 52-week high today. Ambuja Cements, Axis Bank, HDFC Bank, Hindustan Unilever, IDFC, Tech Mahindra were some of the prominent stocks.