Sensex, Nifty marginally higher; ICICI Bank falls ahead of Q4 nos

The market is dragged by selling pressure at opening on Friday. The Nifty has started the May Future & Cues options on a weak note. The 50-share indices slips 4.85 points at 7842.40. The Sensex is down 28.37 points or 0.1 percent at 25574.73. About 244 shares have advanced, 143 shares declined, and 36 shares are unchanged.

The market gained strength in morning trade with the Sensex rising more than 100 points led by banking & financials, healthcare, IT and FMCG stocks.

The market is seeing sudden spurt in buying aided by heavyweights. The Sensex is up 83.21 points or 0.3 percebt at 25686.31, and the Nifty is up 21.30 points or 0.3 percent at 7868.55. About 920 shares have advanced, 519 shares declined, and 77 shares are unchanged.

Lupin, Cipla, Tata Steel, Maruti and Axis Bank are top gainers while ICICI Bank, Bharti, M&M, HUL and Reliance are losers in the Sensex.

The Indian rupee has opened marginally higher at 66.48 a dollar on Friday compared to 66.52 per dollar in previous session.

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Sensex, Nifty sluggish; Bharti gains 2%, ITC & BHEL major losers

The market is still flat as the Sensex is up 27.72 points or 0.1 percent at 26091.84. The Nifty is up 11.25 points or 0.1 percent at 7991.15. About 1051 shares have advanced, 609 shares declined, and 105 shares are unchanged.

Bharti, Cipla, HDFC Bank, Axis Bank and Coal India are top gainers while ITC, BHEL, Maruti, Infosys and GAIL are losers in the Sensex.

The Indian rupee has opened at 66.39 per dollar up 0.13.

Major Headlines of the day:

Nalco to go for toll-smelting of aluminium in Iran.

Biocon expects more filings this year for biosimilars, drugs.

Tata Motors to issue NCDs to raise Rs300 crore.

Trend in FII flows:The FIIs were net  sellers of  Rs 411Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 295.07 Cr, as per the provisional figures.

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Nifty hits new 2016 high, Sensex firm; ONGC, Maruti gain 1-2%

The Nifty has hit fresh high of 2016 as the 50-share index is up 18.60 points or 0.2 percent at 7981.25.  The Sensex is up 41.62 points or 0.2 percent at 26048.92 About 1110 shares have advanced, 540 shares declined, and 95 shares are unchanged.

ONGC, Tata Motors, Matuti, ITC and Hero are top gainers while Axis Bank, ICICI Bank, SBI, Lupin and HDFC are losers in the Sensex.

The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday.

Major Headlines of the day:

Biocon's Q4 net profit jumps 250% to Rs361 cr on exceptional income.

Bharti Infratel net profit up 19% in March quarter; board approves share buyback.

Patanjali aims to beat Nestle, P&G & Colgate.

Trend in FII flows:The FIIs were net  sellers of  Rs 512.22 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 21.21 Cr, as per the provisional figures

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Sensex, Nifty continue to struggle; Hindalco, Tata Steel gainers

The market is still under pressure with the Sensex is down 57 points or 0.2 percent at 25621.93. The Nifty is down 14.40 points or 0.2 percent at 7840.65. About 977 shares have advanced, 742 shares declined, and 96 shares are unchanged.

Hindalco, Tata Steel, M&M, BHEL, NTPC are gainers while ICICI Bank, Adani Ports, Hero, Bajaj Auto and SBI are losers in the Sensex.

The Indian rupee has opened marginally lower at 66.72 a dollar compared to 66.61 a dollar in previous session.

Asia stocks were mixed, after energy plays led to a decline in US equities overnight, and as investors likely took to the sidelines ahead of major central bank monetary policy decisions due later in the week.

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INDIAN EQUITY MARKET OUTLOOK-25 APRIL 2016

INDIAN BENCHMARKS Bearish opening on the cards

The key Indian equity benchmarks are likely to witness a gap down opening on Monday tracking a slump in stocks across Asia as traders were wary of risky assets ahead of the US Federal Reserve and the Bank of Japan’s monetary policy meetings this week . SGX Nifty is trading 10.00 points lower.

Indian shares edged lower on Friday, a day after hitting their highest levels this year, as investors booked profits in recent outperformers but indexes were still headed for weekly gains on the back of strong flows. The S&P BSE Sensex and CNX Nifty fell 0.16% each.

Global Markets:

Asian shares dropped on Monday while the dollar slipped as investors took profits from the currency's recent gains ahead of central bank meetings in the United States and Japan this week.

Wall Street was mixed on Friday as disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks and weighed against a surge in oil prices that lifted energy shares.

European shares fell on Friday as automaker Daimler reported disappointing results and said it would investigate its U.S. emissions certification process.

Major Headlines of the day:

Airtel to consider share buyback on April 27.

M&M Financial Services March quarter profit up 12% at Rs 411 cr.

JetLite to be merged with Jet Airways.

Tata Motors to raise Rs 300 crore via NCDs.

Trend in FII flows:   The FIIs were net  sellers of  Rs -191.07 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 168.64 Cr, as per the provisional figures

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Nifty hovers around 7900, Sensex flat; Bajaj Auto rises 2%

The market is in a consolidation mode with the Nifty hovering around 7900. The 50-share index is down 8 points or 0.1 percent at 7904.05. The Sensex is down 16.68 points at 25863.70.

Bajaj Auto, Tata Steel, Adani Ports, Maruti and Tata Motors are gainers while BHEL, Sun Pharma, Infosys, Bharti and HDFc are losers in the Sensex.

The Indian rupee opened lower by 11 paise at 66.50 per dollar against previous close of 66.39.The euro held steady against the dollar after slipping yesterday as traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week.

Asia markets opened lower on the final trading day of the week, following losses in US stocks overnight as telecoms led declines amid the latest batch of earnings.Analysts reckoned there might be some profit-taking at play in the markets today.

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Nifty still above 7950; ITC, Tata Steel & Infosys down

The market has opened strong riding high on global markets. The Sensex is up 121.41 points or 0.5 percent at 25965.59, and the Nifty is up 41.60 points or 0.5 percent at 7956.35. The 50-share index is at 2016 high, crossing January 1 high 7972. About 401 shares have advanced, 77 shares declined, and 22 shares are unchanged.

ICICI Bank is up 6 percent while SBI, Tata Steel, Axis Bank and GAIL are top gainers. Wipro falls 5 percent.

The Indian rupee opened lower by 10 paise at 66.32 per dollar against previous close of 66.22. Dollar edged up against a basket of major currencies. Euro flat ahead of the ECB meet today.

The central bank is not expected to make any policy change at its rate-setting meeting.

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Nifty nears 7950, Sensex rises; Tata Steel, Hindalco gain 4%

The market continues to rise as the Sensex is up 116.72 points or 0.4 percent at 25933.08. The Nifty is up 24.50 points or 0.3 percent at 7939.20. About 1210 shares have advanced, 514 shares declined, and 86 shares are unchanged.

Tata Steel, Hindalco, HDFC, Axis Bank and Coal India are top gainers in the Sensex. On the losing side are TCS, M&M, Maruti, Sun Pharma and Bharti.

The Indian rupee gained in the early trade today. It has opened higher by 28 paise at 66.27 per dollar versus 66.55 Monday.

Trend in FII flows:The FIIs were net  sellers of  Rs -977.98 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 313.22 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK- 18 Apr 2016

After an early morning gush, the market has cooled off a bit. The Sensex is up 80.73 points or 0.3 percent at 25707.48, and the Nifty up 19.50 points or 0.2 percent at 7869.95. About 978 shares have advanced, 849 shares declined, and 96 shares are unchanged.

Infosys, Lupin, TCS, SBI, ICICI Bank and GAIL are major losers while Infosys, Lupin, M&M, Bharti Airtel and Cipla are gainers in the Sensex.

Trend in FII flows:The FIIs were net  sellers of  Rs -664.27 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 269.89 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET OUTLOOK- 13 Apr 2016

Sensex jumps 400 pts, Nifty eyes 7850; ICICI, M&M soar 4-5%

The Sensex climbing 400 points and the Nifty eyeing 7850 level. All sectoral indices continued to be positive, tracking good monsoon forecast, better-than-expected CPI & IIP data and positive global cues.

The 30-share BSE Sensex rallied 398.43 points or 1.58 percent to 25544.02. The 50-share NSE Nifty rose 121.45 points or 1.58 percent to 7830.40 that recovered 1000 points from February low of 6825. 

The broader markets also participated in rally with the BSE Midcap and Smallcap indices rising more than 1 percent. About four shares advanced for every share declining on Bombay Stock Exchange.

ICICI Bank and Mahindra & Mahindra were top contributors to Sensex's rally, up 4-5 percent followed by HDFC, ITC, HDFC Bank, Tata Motors, L&T, SBI, Wipro, Bharti and Maruti Suzuki with 1-3.6 percent.

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INDIAN EQUITY MARKET OUTLOOK-12 APRIL 2016

INDIAN BENCHMARKS Flat opening seen for Indian markets.

Indian markets are likely to open little changed on Tuesday as traders stick to a cautious approach ahead of the March retail inflation and February IIP data due today. SGX Nifty is trading 5.00 points lower. Indian shares gained in line with global markets on Monday, though caution crept in, as market awaits March-quarter earnings for companies, beginning with Infosys. The S&P BSE Sensex rose 1.41% and CNX Nifty gained 1.54%.

Global Markets:

• Asian stocks rose on Tuesday, led by a rebound in Japanese stocks, while commodities such as crude oil stood tall thanks to a sagging dollar.

• US stocks slipped at the start of a first-quarter earnings season that is expected to paint a bleak picture of corporate profits.

• European shares rose on Monday, reversing earlier losses thanks in part to gains in Italian banks and mining stocks.

Major Headlines of the day:

Tata Steel sells UK long-product plant.

Tax liability cloud over Cairn-Vedanta merger.

AC major Blue Star to set up 2 units at Rs215 crore investment.

Trend in FII flows:   The FIIs were net  sellers of  Rs -107.23 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 303.88 Cr, as per the provisional figures released by the NSE

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Nifty hovers around 7550; Infosys, HDFC, Lupin under pressure

The market continued its consolidation after a 2 percent loss in previous week as investors are eagerly waiting for fourth quarter earnings and outlook for FY17.

The 30-share BSE Sensex fell 31.86 points to 24641.98 and the 50-share NSE Nifty declined 4.05 points to 7551.15 while the broader markets outperformed benchmarks.

Bharti Airtel gained 3 percent on acquisition of 4G spectrum from Aircel in 8 circles.

ONGC, Adani Ports, Tata Motors and Idea Cellular were other gainers while Infosys, Cipla, M&M, HDFC, Tata Steel, Asian Paints, Wipro and BPCL were losers.

The Indian rupee opened lower by 3 paise at 66.50 per dollar today against 66.47 Friday.

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Sensex, Nifty flat; Infosys, BHEL, Hero early losers

The market started off last day of the week on a negative note, tracking weak Asian cues. The Sensex fell 45.88 points to 24639.54 and the Nifty declined 12.25 points to 7534.20.

Infosys, BHEL, Hero Motocorp, Tata Steel, Maruti Suzuki and Ambuja Cements were early losers, down 1 percent each while Dr Reddy's Labs, Tata Motors, Lupin, Coal India, NTPC, Tata Power and BPCL were gainers.

Asia markets were broadly lower today, after US equities sold off overnight amid renewed concerns over global growth and the effectiveness of central bank policy. Japan's Nikkei was down 0.13 percent. China's Shanghai lost 0.9 percent and Hong Kong's Hang Seng declined 0.7 percent.

US stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the Japanese yen and causing investors to flee riskier assets. S&P 500, Dow Jones and Nasdaq were down between 1-1.5 percent.

Major Headlines of the day:

SBI, ICICI Bank cut home loan rates.

RCom to migrate CDMA users to Jio's 4G network.

ITC renews 40-year partnership with Starwood Hotels

Trend in FII flows:The FIIs were net  sellers of  Rs -294.72 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 16.06 Cr, as per the provisional figures released by the NSE.

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Sensex marginally lower, Nifty breaks 7600

The market fell marginally amid consolidation in early trade, tracking weakness in Asian peers. The Sensex declined 65.96 points to 24834.67 and the Nifty slipped 17.75 points to 7596.60.

HDFC lost 1.6 percent after the company proposed to make additional one-time special provision of Rs 450 crore in Q4.

ITC, ICICI Bank, Maruti Suzuki, Tata Motors, Reliance Industries and L&T were other early losers while ONGC, Axis Bank and Lupin outperformed.

The Indian rupee declined further, opening at 66.72 a dollar, down 7 paise compared to 66.65 a dollar in previous session.

Major Headlines of the day:

Tata Motors to resize diesel engines to skirt New Delhi ban.

PNB Housing raises Rs500 cr from IFC to finance Green Projects.

GVK fails to pay $560 million for mines in Australia.

Tata Steel to launch UK sale process by Monday - UK minister

Trend in FII flows:The FIIs were net  sellers of  Rs -493.56 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 258.68 Cr, as per the provisional figures released by the NSE.

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Sensex, Nifty, Midcap marginally higher; HDFC, Wipro, Cipla down

Equity benchmarks were marginally higher amid volatility in morning trade. The Sensex rose 56.99 points to 24940.58 and the Nifty advanced 21.95 points to 7625.15, led by auto, telecom, metals and pharma stocks.

The market rebounded on Wednesday after yesterday's sharp sell-off. The 30-share BSE Sensex rose 106.85 points to 24990.44 and the 50-share NSE Nifty climbed 34.85 points to 7638.05.

ICICI Bank, Tata Motors, Lupin, Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Hero Motocorp, BHEL and Hindalco Industries gained 1-2 percent while Wipro, HDFC, Cipla and NTPC were losers.

The Indian rupee marginally bounced back in early trade after a steep fall in previous session. The currency has opened at 66.42 a dollar, up 4 paise compared to 66.46 a dollar on Tuesday.

Asian markets were mixed with the Shanghai and Hang Seng trading flat with a positive bias. US oil prices bounced back after hitting March 4 lows, up 2.7 percent at USD 36.89 a barrel. Brent rose 1.7 percent to USD 38.52 a barrel.

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Nifty holds 7700 amid pressure; ITC, Adani Ports, Bharti losers

The market continued to see selling pressure with the Sensex falling 108.77 points to 25290.88 and the Nifty declining 36.70 points to 7722.10 ahead of first monetary policy of the RBI in financial year 2016-17. The broader markets too were down with the BSE Midcap and Smallcap indices slipping 0.2 percent each.

The market breadth was weak as about 916 shares declined against 732 advancing shares on Bombay Stock Exchange.

Adani Ports topped selling list on Sensex, down nearly 3 percent followed by ITC, Tata Motors, Bharti Airtel and GAIL with more than 1 percent loss while HUL gained 1 percent.

ICICI Bank, Tata Motors, ONGC, M&M, Hindalco, Bank of Baroda, GAIL and Idea Cellular were early losers, down 1-1.5 percent while BPCL, Power Grid Corp, Dr Reddy's Labs and HCL Tech were gainers.

The Indian rupee has opened marginally lower at 66.25 a dollar compared to 66.20 a dollar in previous session.

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Sensex up over 100 pts, Nifty reclaims 7750 on global cues

The market has started off week on a positive note, tracking global cues post US jobs data. The 30-share BSE Sensex rose 125.18 points to 25394.82 and the 50-share NSE Nifty climbed 38.15 points to 7751.20.

Adani Ports, Tata Motors, BHEL, Dr Reddy's Labs, TCS, Tata Power and Idea Cellular were early gainers while ITC lost 2 percent.

Global market were firm after data showed the US added 2.15 lakh jobs, against an expected 2.05 lakh in March. Asian markets were trading higher with Nikkei rising 0.2 percent. Singapore's Straits Times gained 0.7 percent. China, Hong Kong and Taiwan markets are shut today.

Major Headlines of the day:

Bajaj Auto to ready a Royal Enfield rival.

Adani wins nod for Australian coal project.

India Ratings downgrades Renuka Sugar

Trend in FII flows:The FIIs were net  sellers of  Rs -214.01 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs -519.91 Cr, as per the provisional figures released by the NSE.

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