Post Session: Sensex, Nifty close flat in a lacklustre trade; broader markets outperform 14/09/2016 16:24

Post Session: Sensex, Nifty close flat in a lacklustre trade; broader markets outperform
14/09/2016 16:24
NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE

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The Indian equities ended higher with modest gain in choppy trade on Wednesday as a slump across stocks in Asia and the US overnight curbed risk taking appetite as investors braced for the prospect of less global monetary stimulus.

The 30-share BSE SENSEX closed at 28372.23, up by 18.69 points or by 0.07 per cent and the NSE Nifty ended at 8726.6, up by 11 points or by 0.13 per cent.

Traders also reacted to the IIP and inflation data released after-market hours on Monday, and will eye the WPI inflation numbers set for release today. India’s industrial output contracted 2.4 per cent in July 2016, year-on-year, compared to a revised 1.9 per cent rise in June 2016, signaling renewed weakness in the manufacturing sector.

However, consumer inflation eased to a five-month low of 5.05 per cent in August 2016, falling below the government’s upper limit of its official inflation target of 4 per cent, raising hopes of an interest rate cut by the RBI in the coming months.

In the choppy trade, the BSE Sensex touched intraday high of 28416.41 and intraday low of 28259.38, while the NSE Nifty touched intraday high of 8739.85 and intraday low of 8688.9.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 264.95,+2.06%), State Bank of India (Rs. 257.60,+1.94%), Hero MotoCorp Ltd. (Rs. 3589.50,+1.71%), Axis Bank Ltd. (Rs. 602.30,+1.71%), NTPC Ltd. (Rs. 155.45,+1.53%), among others.

On the flip side Coal India Ltd. (Rs. 324.20,-1.97%), Tata Consultancy Services Ltd. (Rs. 2328.55,-1.29%), Oil And Natural Gas Corporation Ltd. (Rs. 248.25,-1.15%), Hindustan Unilever Ltd. (Rs. 908.60,-1.06%), Mahindra & Mahindra Ltd. (Rs. 1412.95,-0.91%), were among top losers on the BSE.

On the sectoral front, consumer durables and bankex stocks emerged as top gainers, adding as much as 1.12 per cent and 0.77 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3065, shares advanced were 1839 while 1011 shares declined and 215 were unchanged.

On the global front, Asian stocks ended lower for a fifth straight session tracking an overnight slump from Wall Street as investors braced for the prospect of less global monetary stimulus. The US Fed is weighing up options to hike borrowing costs at a time when central banks in Europe and Japan are questioning the need for a further boost to stimulus.

Post Session: Sensex, Nifty end lower in choppy trade; realty, tech stocks drag 01/09/2016 16:05

Post Session: Sensex, Nifty end lower in choppy trade; realty, tech stocks drag
01/09/2016 16:05
NIFTY Fut               : SELL ZONE
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Snapping three day gaining streak, the Indian equities ended marginally lower in choppy trade on Thursday as traders reacted to weaker-than-expected Q1 GDP growth in Asia’s third biggest economy while a mixed trend in global markets also curbed risk taking appetite. Telecom, cement, oil&gas and realty stocks saw surge in selling activity.

The BSE SENSEX closed at 28423.48, down by 28.69 points or by 0.1 per cent, and the NSE Nifty ended at 8774.65, down by 11.55 points or by 0.13 per cent.

India’s economy grew at 7.1 per cent in the April-June 2016 quarter, the slowest pace in five quarters, weighed down by sluggish investment and farm output. That compared to the 7.9 per cent expansion witnessed in Q4 FY 2015-16. Analysts had projected an expansion of 7.4 per cent in the country’s economy in the first quarter of the ongoing fiscal.

Market sentiment got a partial lift after data showed that India’s manufacturing activity expanded at the quickest pace in 13 months in August 2016 buoyed by strong domestic and foreign demand, signaling a pickup in Asia’s third biggest economy which grew at 7.1 per cent in the April-June 2016 quarter.

On the sectoral front, realty and technology stocks emerged as top losers on BSE, falling as much as 2 per cent and 1 per cent respectively.

On the global front, the Asian shares ended mixed with Hang Seng and Japan’s Nikkei 225 closed tad higher, while Shanghai Composite slipped in red as traders awaited the much anticipated US jobs data to be released on Friday, and which will offer further clues over the timing of the next Fed interest rate hike.

Post Session: Sensex, Nifty end flat in choppy trade; IT, Teck stocks gain

Post Session: Sensex, Nifty end flat in choppy trade; IT, Teck stocks gain
23/08/2016 15:58

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The Indian equities ended flat with slim gain, paring early losses, in a choppy trade on Tuesday helped by buying in index heavyweights such as Infosys, TCS, Bharti Airtel, Asian Paints and Adani Ports. The volatility persisted in the market as investors awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike.

The BSE SENSEX closed at 27990.21, up by 4.67 points or by 0.02 per cent, and the NSE Nifty ended at 8,632.60, up by 3.45 points or by 0.04 per cent.

Traders are seeking more clarity from the Fed over its outlook for further tightening of borrowing costs in the world’s biggest economy. Tightening of US monetary policy may lead to volatility in capital flows to emerging markets such as Asia’s third biggest economy. Meanwhile, volatility was also high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.

On the corporate front, shares of Welspun India, India's leading terry towel producers, nosedived 20 per cent in intra-day trade and locked in lower circuit on the Bombay Stock Exchange after Bloomberg reported that the company is ending all business with the textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.

Among others, Tata Power Company, the electric utility arm of Tata group, dipped over 3 per cent on the Bombay Stock Exchange after the company reported a decline of 76.08 per cent in its consolidated net profit at Rs 72.49 crore for the first quarter ended June 30, 2016, as compared to Rs 303.14 crore in the year ago period.

In the volatile trade, the BSE Sensex touched intraday high of 28028.98 and intraday low of 27854.43, while the NSE Nifty touched intraday high of 8642.15 and intraday low of 8580.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 1038.00,+2.23%), Tata Consultancy Services Ltd. (Rs. 2598.05,+1.83%), Bharti Airtel Ltd. (Rs. 354.05,+1.10%), Asian Paints Ltd. (Rs. 1124.40,+0.98%), Adani Ports & Special Economic Zone Ltd. (Rs. 273.25,+0.98%), among others.

Meanwhile, NTPC Ltd. (Rs. 159.60,-2.42%), Bajaj Auto Ltd. (Rs. 2891.50,-1.36%), Larsen & Toubro Ltd. (Rs. 1473.10,-1.27%), ITC Ltd. (Rs. 251.50,-1.00%), Hero MotoCorp Ltd. (Rs. 3305.00,-0.99%), were among top losers on BSE.

On the sectoral front, IT and Teck stocks emerged as top gainers on BSE, rising as much as 1.82 per cent and 1.78 per cent respectively.

The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3011, shares advanced were 1384 while 1416 shares declined and 211 were unchanged.

On the global front, the Asian shares ended mostly lower led by decline in energy producers on weakness in crude prices while traders weighed the prospects of a US rate hike this year. Shanghai Composite settled with modest gains even as China’s business sentiment indicator fell 1.2 points to 54.3 in August. Hang Seng ended flat, while Japan’s Nikkei 225 ended lower as a stronger yen dimmed the appeal of exporter stocks.