Nifty Jumps By A Ton; Banks Lose Interest

The Indian equity market closed with handsome gains on Wednesday extending its winning streak for the second consecutive trading session. RBI’s decision of reducing interest rates by 50bps lifted sentiment on the street. Today’s rally was led by metals, FMCG, healthcare and IT stocks. Even the interest rate sensitive stocks like realty and auto participated in the upswing. However, the bank index, which was expected to see a strong follow up buying, was unable to carry forward Tuesday’s momentum and ended lower by 0.3%.

Index heavyweights like Infosys, ITC, Reliance Industries, Sun Pharma and Hindustan Unilever were among the top gainers among the 50 stocks of Nifty. On the other hand, Axis Bank, SBI, HDFC, Tech M and Bank of Baroda were among the major laggards.

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Sensex, Nifty Trading Firm; Pharma, Metal Stocks Gain

The S&P BSE Sensex is trading at 25,962 up 184 points, while NSE Nifty is trading at 7,886 up 43 points. The BSE Mid-cap Index is trading up 0.88% at 10,711 whereas BSE Small-cap Index is trading up 0.88% at 11,000.

All sectors are in green except banking sector showing weakness on BSE. Tata Steel, Bharti Airtel, Hindalco, Tata Motors, HUL, Coal India, BHEL and ITC are among the gainers, whereas ONGC, Vedanta, SBI, GAIL, Axis Bank, TCS, Cipla and M&M are losing sheen on BSE.

The India VIX (Volatility) index is down 3.5% to 20.81. Out of 1,727 stocks have traded on the NSE - 1,031 stocks have advanced, while 382 stocks have declined. A total of 17 stocks registered a fresh 52-week high in trades today, while 17 stocks touched a new 52-week low on the NSE.

Shares of JK Paper were trading higher 8.9% at Rs. 44.45 on BSE today. The scrip opened at Rs. 45 and has touched a high and low of Rs. 45.6 and Rs. 44 respectively. So far 448460(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 606 crore.

Oriental Bank of Commerce has informed BSE that the Bank has reduced Base Rate from 9.90% p.a. to 9.70% p.a. w.e.f. September 30, 2015.

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Sensex, Nifty Rally; Pharma, Capital Goods Stocks Gain

The S&P BSE Sensex is trading at 25,956 up 177 points, while NSE Nifty is trading at 7,889 up 46 points. The BSE Mid-cap Index is trading up 0.81% at 10,703 whereas BSE Small-cap Index is trading up 0.91% at 11,003.

All sectors are in green on BSE. Tata Steel, Hindalco, Coal India, Vedanta, ITC, Sun Pharma and Dr. Reddy's are among the gainers, whereas GAIL and Cipla are losing sheen on BSE.

The India VIX (Volatility) index is down 3.2% to 20.86. Out of 1,711 stocks have traded on the NSE - 1,046 stocks have advanced, while 290 stocks have declined. A total of 15 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

Asian markets are in the green while US markets ended mixed. The rupee is seen moving higher today as dollar sales are likely to continue by foreign banks. August fiscal deficit numbers will be eyed. Other data expected include Government Finances for Apr-Aug, Core Sector Growth for August and CPI for industrial workers.

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Pre-Market : Gap Down Opening Seen On Nifty; May Retest 7,700 Levels

The 50-share Nifty index is expected to open lower with a gap on Tuesday tracking selloff in other Asian markets, ahead of the Reserve Bank of India's (RBI) fourth bi-monthly monetary policy review which is scheduled for today. The index may retest its crucial psychological level of 7,700 tracking Asian markets which were trading lower amid worries about the health of China's economy, and its potential impact on the global economic growth. 

At 08:00 A.M., Nifty India stock futures in Singapore were trading 114 points lower at 7,719 indicating a gap down opening on the domestic market.

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Sensex, Nifty In Green Post RBI Policy

Acceding to the growing voices for a rate cut from the Indian industry at large and perhaps exceeding their expectations, Reserve Bank of India, in its fourth bi-monthly monetary policy of the current fiscal, has cut the repo rate by 50 basis points to 6.75%, its lowest since May 2011. The cash reserve ratio (CRR), currently at 4 per cent, expectedly was kept the same. At 11:21 AM, the S&P BSE Sensex is trading at 25,554 down 63 points, while NSE Nifty is trading at 7,777 down 19 points.

The BSE Mid-cap Index is trading down 0.35% at 10,536 whereas BSE Small-cap Index is trading down 0.41% at 10,871. Some buying activity is seen in banking, IT and realty sectors, while pharma, oil&gas, metal, consumer durables, capital goods and fmcg sectors are showing weakness on BSE.

HDFC, BHEL, SBI, M&M, HDFC Bank, TCS and Maruti Suzuki are among the gainers, whereas Vedanta, Bharti Airtel, Dr.Reddy's Lab, Tata Steel, ONGC, Hindalco and Sun Pharma are losing sheen on BSE. The India VIX (Volatility) index is up 1.3% to 21.94.

A total of 10 stocks registered a fresh 52-week high in trades today, while 50 stocks touched a new 52-week low on the NSE.

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Sensex Falls Over 250 Points; Banking, Pharma Stocks Drag

The S&P BSE Sensex is trading at 25,348 down 269 points, while NSE Nifty is trading at 7714 down 82 points. The BSE Mid-cap Index is trading down 1.04% at 10,463 whereas BSE Small-cap Index is trading down 0.81% at 10,828.

All sector are showing weakness on BSE. Infosys is the only gainer, whereas GAIL, TCS, Vedanta, ICICI Bank, Tata Steel, Hindalco, Cairn, Lupin and Bharti Airtel are losing sheen on BSE. The US indices – Dow, Nasdaq and S&P have produced what is technically called a death cross pattern at the same time. This pattern was last seen on Aug 24, 2011 and in the last 35 years; such a pattern has been witnessed only 13 times. The Nasdaq was down 3%, S&P 500 fell over 2% and Dow Jones fell 1.92%. Asian markets are also bleeding.

Larsen & Toubro Infotech Limited, a subsidiary of Larsen & Toubro Limited, has filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) in order to undertake an initial public offering of its equity shares.

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Nifty Likely To Open Weak, F&O Expiry To Add Volatility

The domestic stock market is likely to open weak and remain volatile on Thursday amid the expiry of September series futures and options contracts.

The US market closed on a tepid note in overnight trade, with Dow Jones Industrial Average ending 50 points, or 0.31 per cent, lower at 16,279. Most Asian markets got off to a cautious start on Thursday after more dour economic news from China and the United States.

The SGX Nifty futures were trading with losses in Singapore, signalling a gap-down opening for the domestic market.

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Sensex, Nifty Choppy; Banking, Capital Goods Stocks Drag

The S&P BSE Sensex is trading at 25,791 down 32 points, while NSE Nifty is trading at 7,829 down 17 points. The BSE Mid-cap Index is trading up 0.51% at 10,628, whereas BSE Small-cap Index is trading up 0.81% at 10,967. The India VIX (Volatility index) is down 4.14% at 19.83. Lupin, Bajaj-Auto, Maruti Suzuki, Infosys, GAIL, Dr. Reddy's Laboratories and Cipla are among the gainers, whereas ONGC, Coal India, Tata Steel, L&T and RIL are losing sheen on BSE.

Around 24 stocks have rallied to register a fresh 52-week high on the NSE counter, while 17 stocks have hit 52-week low. Out of 1,730 stocks have traded on the NSE - 913 stocks have advanced, while 504 stocks have declined. Hotel Leelaventure trading on a positive note on BSE after the company's shareholders gave approval to raise Rs 1,000 crore through issue of securities. Currently, the stock is trading at 1.5% at Rs. 20.30.

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Sensex, Nifty To Open On A Weak Note

The outlook is a weak start as indices brace for the F&O expiry. Nifty rollovers are lower at 50 per cent as on Wednesday. Global cues remain subdued with Asian markets mostly in the red. US indices shed some weight. Economic news from China remains a cause for concern. Meanwhile, premium values of select Bank Nifty options have jumped almost 10 times in the last two days suggesting heightened uncertainty, says a report. The rupee is set to remain weak for most part of the day.

NTPC's tax-free bond sales saw overwhelming response perhaps indicating that interest rates could move southwards. The issue was oversubscribed more than 10 times on its opening on Wednesday, as it received Rs 4,417 crore subscription against Rs 400 crore. The issue is likely to close today.

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