Tuesday, 28 February 2017

Nifty Hovers Around 8900 Ahead Of Q3 GDP; L&T Gains 1%

Tata Sons has offered to withdraw its application against DoCoMo in Delhi High Court. Both companies have filed consent terms for perspective settlement in their long-standing dispute. 

Tata Sons has agreed to pay DoCoMo USD 1.17 billion as damages.The development sent Tata Teleservices soaring over 9 percent.

The fact that the market is no longer completely dependent of foreign institutional inflows is a good sign, he says. 

Interaction with investors and MF distributors suggest there are lot of people waiting to invest into the market and when that happens, the market usually tends to stay strong, Upadhyaya notes.

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Bharti Group Stocks And Larsen & Toubro Were The Top Gainers On The Sensex

The Sensex was up 49.64 points at 28862.52, while the Nifty was up 14.40 points at 8911.10. The market breadth remained health with 1,234 shares having advanced, while 648 shares had declined. 

About 115 shares remained unchanged. Bharti Group stocks and Larsen & Toubro were the top gainers on the Sensex and Nifty, with L&T surging over 1 percent. 

Bharti Airtel was trading higher on the back of fresh pricing war it unleashed on Monday by doing away with roaming charges completely.

Tata Teleservices, too, soared over 9 percent after Tata Sons agreed to pay damages of USD 1.17 billion to Japan’s NTT DoCoMo, thus looking to end the long-standing dispute.

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Nifty Reclaims 8900, Sensex Firm In Early Trade; Idea Slips 3%

The 30-share BSE Sensex was up 1.32 points at 28814.20 and the 50-share NSE Nifty rose 0.05 points to 8896.75. 

Cipla, ONGC, Tata Motors, GAIL, NTPC, Tech Mahindra, Bharti Infratel, Aurobindo Pharma and Grasim were early gainers while ITC, Bajaj Auto, Infosys, Sun Pharma, Reliance Industries, BPCL and Hindalco were losers. 

The Indian rupee opened marginally lower at 66.74 per dollar today against previous close of 66.70. Bhaskar Panda of HDFC Bank says US pending home sales data for January was disappointing. 

The markets are also awaiting details of President Trump's tax related declarations. As a result, the dollar index has been below the 101 mark. The USD-INR pair is expected to trade within a range of 66.60-66.80/dollar, he feels.


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Monday, 27 February 2017

Sensex, Nifty Flat; Reliance Market Cap Crosses Rs 4 Lakh Cr

Morgan Stanley has overweight rating on Reliance Industries, with increased target at Rs 1,506 from Rs 1,280 as it feels energy earnings should exceed market expectations.
Energy return on capital employed is set to rise 500 bps by FY20 to 15 percent, the brokerage house believes. 

The stock was quoting at Rs 1,250.60, up Rs 68.00, or 5.75 percent after hitting a fresh 52-week high of Rs 1,251 on the BSE. Its market capitalisation crossed Rs 4 lakh crore mark.

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The Market Opened Flat With A Negative Bias On Monday

The market opened flat with a negative bias on Monday, tracking weakness in Asian peers and fall in FMCG and private banks stocks. 

The 30-share Sensex was down 59.96 points at 28833.01 and the 50-share NSE Nifty fell 21.65 points to 8917.85. 

ITC and Idea Cellular were biggest losers, down more than 2 percent followed by Maruti Suzuki, HDFC Bank, M&M, HDFC, BPCL and Bosch. 

Reliance Industries continued its run up, up more than 2 percent. GAIL, L&T, ONGC, Infosys, Aurobindo Pharma and Coal India were other gainers.


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Sensex, Nifty Flat In Opening; Reliance, Cadila Up 2%; ITC Drags

Cadila Healthcare gained more than 2 percent after subsidiary Zydus Cadila received regulatory approvals to launch tetravalent inactivated influenza vaccine for seasonal flu in India.
The company has received approvals from Drug Controller General of India, Central Drugs Standard Control Organisation and Central Drug Laboratory to market the tetravalent inactivated influenza vaccine Vaxiflu 4 for seasonal flu, Cadila Healthcare said in a filing to BSE. 

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Asia Lower, Nikkei Down 0.8%, Kospi Off 0.1%, ASX Down 0.2%


Asian markets opened lower on Monday with the sterling tumbling about 0.5 percent to the dollar, while companies continue to report their earnings.
Sterling was last quoted down 0.40 percent against the dollar in early Asia trade, with the pound/dollar pair trading at USD 1.2415 at 8:18 a.m. HK/SIN, dropping from levels above USD 1.2500 in the previous session. Earlier, the pound fell a bit over 0.50%.
Experts pointed to a report from the Times newspaper that suggested Prime Minister Theresa May was preparing for the Scottish government to call a second independence referendum to coincide with the triggering of Article 50 in March.

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Thursday, 23 February 2017

Asia Markets Traded Modestly Lower Today, Following A Mixed Close In US Equities

USD-INR trading range for the day is 66.80-67.05/dollar, Shenoi says. The dollar slipped after Federal Reserve meeting minutes disappointed expectations for a hawkish tone. 

Asia markets traded modestly lower today, following a mixed close in US equities overnight as minutes from the Federal Reserve's previous meeting hinted that a rate hike is coming "fairly soon." 

In Japan, the Nikkei 225 traded down 0.35 percent, while across the Korean Strait, the Kospi was fractionally lower at 2,106.29. The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve.

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Nifty Reclaims 8950, Sensex Higher; Idea Rises 7%, Bharti Up 10%

The 30-share BSE Sensex was up 40.16 points at 28904.87 and the 50-share NSE Nifty rose 10.30 points to 8937.20. About 477 shares advanced against 283 declining shares on the BSE. 

Bharti Airtel shares gained 8 percent amid high volumes after it decided to acquire Telenor India that gives the company additional spectrum in 1,800 MHz band. 

Its peer Idea Cellular also rose nearly 7 percent after a media report indicated that Soft Bank may end up buying 15-20 percent in merged entity. The Indian rupee has opened almost flat at 66.96 per dollar on the last day of week against previous close of 66.97.


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Jio Effect: Bharti Airtel Buys Telenor Ahead Of Voda Idea Merger

India’s largest telecom operator Bharti Airtel informed the bourses on Thursday that it will acquire Telenor India assets. The move comes at a time when new entrant Reliance Jio has acquired 100 million users and the market is awaiting response on a potential Vodafone- Idea merger. 

Bharti Airtel didn’t divulge the financials of the Telenor India acquisition in its filing with Bombay Stock Exchange. The acquisition is also subject to regulatory approvals. 

The agreement underlines our commitment to lead India’s digital revolution by offering world class and affordable telecom services through a robust spectrum portfolio spread across multiple bands.


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Wednesday, 22 February 2017

Reliance Jio To Decide Telcos Earnings For 'Couple Of Years': CS


Reliance Jio’s decision to announce a new tariff plan for its existing 10 crore subscribers, and those who sign up before March 31, will put a ceiling on the revenues of incumbent operators, a note by broking firm Credit Suisse said Wednesday.

Reliance Industries chief Mukesh Ambani said starting April 1, Jio will launch a Prime offer, under which users can opt for its ongoing free calls, free data and get access to its media suite for a one-time fee of Rs 99 and a Rs 303 monthly plan.

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Nifty Opens Above 8900, Sensex Higher; Reliance Jumps 5%

The 30-share BSE Sensex was up 56.82 points at 28818.41 and the 50-shbare NSE Nifty rose 14.05 points to 8921.90. About 522 shares advanced against 238 declining shares on the BSE. 

Tata Motors, BHEL, ONGC, Axis Bank, BPCL and Bharti Infratel were early gainers while GAIL, Hero Motocorp, Tata Steel, Infosys, Wipro, Idea Cellular, Aurobindo Pharma and Eicher Motors were losers. 

Reliance Industries shares surged 5 percent, the leading driver for the market today, as Goldman Sachs says top 10 percent of Indian mobile subscribers will likely view Reliance Jio's offers as attractive after the announcement of new tariff plans by Mukesh Ambani, Chairman & Managing Director.

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Markets In Asia Traded Mixed, Despite US Gains, As Investors Await Policy

Dollar index rose against a basket of currencies, following hawkish comments from Federal Reserve officials, while european political uncertainty also boosted the dollar. 

Markets in Asia traded mixed, despite US gains, as investors await policy details from the Trump administration on tax reforms and deregulation. 

US stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump.

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Tuesday, 21 February 2017

Some Brokers Will Take A Hit From Friday Trade In HDFC Bank

The Securities Exchange Board of India had advised Reserve Bank of India to give some time to the custodians to divest their FII stake in HDFC Bank before 1.40 pm last Friday, when the central bank notification on the breach of the limit was flashed on stock exchange terminals, sources privy to the meeting told Moneycontrol. 

Frenzied buying by FIIs in the HDFC Bank stock on Friday led to the statutory limit of 74 percent being crossed. 

Reserve Bank of India had told the custodians of the FIIs that purchases made after 1:40PM that day will not be settled.
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TCS Board Approves Buyback Of Up To 5.6 Cr Shares At Rs 2850/sh

TCS board today announced buyback of up to 5.6 crore equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore. The buyback offer constitutes 2.85 percent of total paid-up equity share capital.
The buyback price has been set at Rs 2,850 per share, a 11 percent premium to the current market price.
“The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the SEBI Regulations, 1998 and the Companies Act, 2013 and rules made thereunder,” TCS told stock exchanges.

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Sensex, Nifty Open Flat With Positive Bias; Infosys Gains

The 30-share BSE Sensex was up 34.26 points at 28695.84 and the 50-share NSE Nifty rose 13.05 points to 8892.25. 

Infosys gained 1 percent on hopes of share buyback. Reliance Industries, Axis Bank, ONGC and Sun Pharma were other gainers while HDFC Bank fell 0.6 percent on profit booking. 

Bharti Airtel, ITC, Maruti, Cipla and GAIL were other losers. Ambuja Cements fell 2 percent after fourth quarter earnings. Profit grew by 59.9 percent on low base in year-ago period. 

Markets in Asia traded mostly higher, as traders searched for direction following a public holiday in the US on Monday.

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Monday, 20 February 2017

Jio Effect: Tata Tele Mulls Merger With RCom Aircel MTS Combine

 

Tata Teleservices and Reliance Communication s-Aircel-MTS combine are reportedly considering joining forces to counter the tough competition from Reliance Jio Infocomm, reports the Economic Times today. 

Anil Ambani, Chairman of the Reliance Group, is believed to have initiated talks on the matter with the newly-appointed Tata Sons’ Chairman N Chandrasekaran.

The launch of Jio has triggered intense competition and a phase of consolidation in the industry. Incumbent majors Vodafone and Idea Cellular are already in advanced stages of working out a merger.


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Sensex, Nifty Open Moderately Lower; TCS, HUL Lead Gainers

CLSA has a buy call on L&T as it believes the stock is a good proxy for domestic capex. First order is around the corner, but new bids are key, it says, adding, the needs to win 1 of the 2 large navy orders to utilise its defence yard. 

The brokerage house believes company will be a significant beneficiary of defence capex. Its's tie-up with Navantia, Spain, may endow with certain competitive advantages, it feels. 

L&T has emerged as the No 1 player in prequalification for USD 8 billion FICV project.

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Equity Benchmarks Started Off The Week Moderately Lower Amid Consolidation

Equity benchmarks started off the week moderately lower amid consolidation ahead of expiry of February derivative contracts on Thursday. 

The 30-share BSE Sensex was down 26.59 points at 28442.16 and the 50-share NSE Nifty fell 6.75 points to 8814.95. 

TCS, HUL, GAIL, Wipro, Bharti Airtel, Idea Cellular, Kotak Mahindra Bank and HCL Technologies were early gainers while Maruti Suzuki, Tata Motors, HDFC Bank, ITC, Cipla, Tata Motors and Eicher Motors were losers. 

The Indian rupee opened lower by 5 paise at 67.06 per dollar today against Friday's close of 67.01.



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Friday, 17 February 2017

Equity Benchmarks Erased More Than Half Of Early Gains

Equity benchmarks erased more than half of early gains due to selling pressure in technology and FMCG stocks.

HDFC Bank also came off day's high, up 5.5 percent and HDFC gained 1.5 percent after profit booking while SBI and ICICI Bank turned lower.

The 30-share BSE Sensex was up 145.95 points at 28447.22 and the Nifty 50-share NSE rose 33.15 points to 8811.15.
About 1073 shares advanced against 674 declining shares on the BSE.


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Indiabulls Housing Finance And Indian Oil Corporation Will Be Included In The Index

Indiabulls Housing Finance and Indian Oil Corporation will be included in the index in their place. The changes, announced by Indian Index Services and Product, an arm of NSE, will be effective from March 31, 2017. 

Apart from Nifty 50, the exchange has made changes to several indices including Nifty 500, Nifty 100, Nifty Midcap 50, Nifty Smallcap 250, Nifty Next 50. 

Besides, changes have also been done in sectoral indices such as metal, private bank, media, bank and commodities.

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HDFC Bank Surged 8.41 Percent As RBI Says Restrictions Placed

HDFC Bank surged 8.41 percent as RBI says restrictions placed on purchase of bank shares by foreign portfolio investors withdrawn immediately. The rally also spilled over to HDFC that gained 2.63 percent. 

Axis Bank, Kotak Mahindra Bank and ICICI Bank surged 1-2 percent. GAIL and Lupin were other gainers. Cadila Healthcare gained further, up 2.8 percent hitting a 52-week high. 

BHEL, Bharti Airtel, Wipro, Infosys, ITC and Reliance were losers. The Indian rupee slipped in the early trade today. It has opened lower by 5 paise at 67.12 per dollar versus previous close 67.07.

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Thursday, 16 February 2017

Sensex, Nifty Off Day's High; ICICI & ITC Drag, Sun Pharma Up 2%

SBI was up 1.4 percent after the merger of five associate banks received Cabinet approval. State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore rallied 4-5 percent. 

TCS gained 1.7 percent as it says the board of directors will consider buyback of shares on February 20. 

Dr Reddy's Laboratories shares fell 2 percent after it got an unfavourable ruling in a US court regarding a patent infringement case over anti-nausea injection Aloxi. 

ICICI Bank, ITC, L&T, Adani Ports, Asian Paints and Hero Motocorp were down 1-2 percent while Infosys, Sun Pharma and Maruti gained 1-2 percent.


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TCS Share Buyback Will Put Pressure On Other IT Firms: Analysts

A move by TCS to buy back shares would put pressure on top companies in the IT sector to follow suit, said Ravi Menon of Elara Capital. 

In an interview to CNBC-TV18 on Wednesday evening, outgoing TCS chief N Chandrasekaran said that investors had suggested a buyback and the board would take a final call.

The company confirmed this morning it would consider doing a buyback on February 20. While Cognizant recently announced a USD 3.4 billion buyback plan, Infosys is being pressured by two of its ex-CFOs to consider a share buyback.

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Sensex Opens Higher, Nifty Reclaims 8750; SBI, TCS Lead Gainers

The 30-share BSE Sensex was up 48.32 points at 28203.88 and the 50-share NSE Nifty rose 14.25 points to 8738.95. SBI gained 2 percent after cabinet approved merger of five associate banks with the bank. 

State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore rallied 6 percent each. TCS rose 1.71 percent as the board of directors will consider buyback of shares on February 20.

Infosys, Cipla, Tata Motors and Sun Pharma were other gainers while ITC, Bharti Airtel, Aurobindo Pharma, Bharti Infratel, Coal India, ICICI Bank and HDFC Bank were under pressure.

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Asia Markets Traded Mixed Today, Despite US Gains As Stocks Closed

Asia markets traded mixed today, despite US gains as stocks closed at fresh highs for a fifth-straight day despite US overnight gains with Toshiba shares down anew.

Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes.


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Wednesday, 15 February 2017

Nifty Struggles Below 8800; Sun Pharma Loses 3%, Adani Ports Up

Sun Pharma was also down more than 3 percent after earnings missed analysts' expectations. Nomura cut FY17 earnings estimates for the company by 9 percent, FY18 by 5 percent & FY19 by 3 percent. It sees 11 percent revenue growth & 10 percent earnings growth over next 2 years.

Adani Ports gained 1.6 percent. While assigning a buy call on the stock, with a target price of Rs 375, CLSA says strategic asset should deliver 54 percent growth in port EBITDA over FY16-19 and new corporate structure could lower taxes & boost EPS growth.

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Infosys Delayed Recording Minutes Of Bansal Payout Till January

The Infosys board initially did not take on record discussions relating to the severance pay of Rs 17.38 crore made to former Chief Financial Officer Rajiv Bansal at its meeting on October 12, 2015, says a report in the Mint newspaper , quoting a source. 

Infosys’s board only put this payment on record only in its board meeting of January 14, 2016 while announcing the third quarter numbers. 

The severance pay to Rajiv Bansal and the hike in CEO Vishal Sikka's pay are at the heart of the corporate governance row at Infosys between the board and the co-founders.

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Sensex, Nifty Consolidate Further At Open; Tata Motors Down 7%

 

Equity benchmarks continued to consolidate in early trade Wednesday after investors digested third quarter earnings. 

The 30-share BSE Sensex was up 35.23 points at 28374.54 and the 50-share NSE Nifty gained 12.50 points at 8804.80. 

Adani Ports, ITC, Infosys, Larsen & Toubro, ONGC, Tech Mahindra and Grasim were early gainers while Tata Motors tanked 7.5 percent after CLSA downgraded the stock to sell from buy due to weak earnings. 

NTPC, Sun Pharma, Maruti Suzuki, Dr Reddy's Labs and BHEL were other losers.

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Tuesday, 14 February 2017

Nifty Struggles Below 8800 Amid Consolidation; Tata Motors Falls

Tata Motors fell over a percent ahead of Q3 earnings due later today. A CNBC-TV18 poll expects a 27 percent fall in profit on year-on-year basis and loss of Rs 500 crore on standalone basis.

Infosys saw profit booking, down 0.6 percent after management's clarification on all issues raised by the media.
Asian Paints, Hero Motocorp, L&T, Bajaj Auto and Axis Bank were down 0.5-1 percent while Reliance Industries, ITC, HDFC, ONGC, ICICI Bank and SBI continued to support the market, up 0.2-1.3 percent.

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Sensex, Nifty Open Flat; Bank Of Baroda Rebounds, GVK Up 16%

Hindalco, Bharti Infratel, Grasim, Sun Pharma, ONGC, Tata Steel, HUL and Wipro were early gainers while BPCL, ACC, Ambuja Cements, Infosys, BHEL, Tata Motors, SBI and Dr Reddy's Labs were under pressure.

Equity benchmarks opened flat, following sideways trade in Asian peers on Tuesday. Investors digested January retail inflation that came in at 3.17 percent against 3.41 percent in December.

The 30-share BSE Sensex was up 12.66 points at 28364.28 and the 50-share NSE Nifty fell 9.30 points to 8795.75.

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Asian Markets Traded Sideways, As An Australian Survey Revealed

Asian markets traded sideways, as an Australian survey revealed improved business conditions and China's consumer inflation picks up strongly.
US equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping USD 20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy.

The pair is expected to trade in a range of 66.95-67.30/dollar today, according to him. The dollar rose to a near three-week high against a basket of currencies, lifted by hopes of US tax cuts as well as bets on whether the Federal Reserve may raise interest rates more quickly.

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Monday, 13 February 2017

Idea Cellular Slips 7% On Posting Big Loss Of Rs 385 cr In Q3

Idea Cellular share plunged 7.5 percent in the early trade Monday as it has posted a net loss in the quarter ended December 2016. 

The telecom operator has posted a consolidated loss of Rs 385.6 crore in the quarter ended December 2016 against profit of Rs 90.04 crore in previous quarter, impacted by demonetisation and Reliance Jio's free offerings that have been extended till March 31, 2017.

On standalone basis, it has reported a loss of Rs 478.9 crore in Q3FY17, for the first time in 40 quarters since its IPO in 2007, as last two years of high investments increased depreciation & amortisation charges to Rs 1,965.3 crore and finance cost to Rs 923.2 crore.

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Nifty Holds 8800 Amid Consolidation; Hindalco, Yes Bank Rally

Infosys gained 0.6 percent after agencies are saying co-founder Narayana Murthy has resumed talking to the board and says company Chairman R Seshasayee enjoys the "highest integrity". 

Mahindra & Mahindra, Tata Steel, Wipro, Hindalco, Yes Bank and GAIL gained a percent each while HDFC, HDFC Bank, SBI, Sun Pharma and Tata Motors were under pressure.


"Open interest data suggests put writing at 8700, call unwinding at 8900 and an increase in call writing at 9000. Looking at this behaviour we can see that Nifty is still bullish and is more than likely to trade between 8900 and 9000 this week. However, if Nifty does not breach 8870 intraday level, then we can expect Nifty to drift back to 8700," Raghu Kumar of Upstox says.

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Nifty Opens Above 8800, Sensex Firm; Idea, BoB, Coal India Fall

 


Equity benchmarks started off the week on a positive note, tracking positive Asian cues and after consolidation in previous week.

The 30-share BSE Sensex was up 115.88 points at 28450.13 and the 50-share NSE Nifty gained 24.35 points at 8817.90.

Hindalco Industries gained 1.8 percent ahead of quarterly earnings. Bharti Infratel, GAIL, Tata Power, Adani Ports, Tata Steel, Infosys and ICICI Bank were early gainers.

Idea Cellular tanked 4.84 percent, Bank of Baroda was down 4.15 percent and Coal India fell 2.68 percent after third quarter earnings. Bharti Airtel and BHEL were other losers.

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Friday, 10 February 2017

Sensex, Nifty Off Day's High; Pharma Stocks Down, ITC Drags

ITC, ICICI Bank, Tata Motors, Lupin, Sun Pharma, M&M and Cipla were down 0.6-1 percent while Adani Ports was the biggest gainer among Sensex stocks, up 2 percent followed by HDFC Bank, SBI, TCS, ONGC and Axis Bank.

The 30-share BSE Sensex was down 5.99 points at 28323.71 and the 50-share NSE Nifty gained 4.55 points at 8782.95 but the market breadth remained positive.
About 1135 shares advanced against 779 declining shares on the Bombay Stock Exchange.
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Nifty Reclaims 8800, Sensex Firm In Opening On Asian Cues

Asian markets were trading higher, with the Japan's Nikkei rising more than 2 percent and China's Shanghai up 0.4 percent.
Ashutosh Raina of HDFC Bank says the rally in USD-INR pair continues on the back of global risk-on sentiment, even though dollar index has moved higher to 100.65 from recent lows.
He expects the pair to trade in the 66.60-67/dollar range for today. Dollar gained after comments from US President Donald Trump that he would make a major announcement on a "phenomenal" tax plan in the next few weeks.


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Equity Benchmarks Opened Moderately Higher On Last Day Of The Week

Equity benchmarks opened moderately higher on last day of the week, with Sensex rising 88.56 points at 28418.26, tracking positive Asian cues and ahead of Q3 earnings. 

The 50-share NSE Nifty reclaimed 8800 level, up 35.35 points at 8813.75. The market breadth was also strong in opening as about 770 shares advanced against 247 declining shares on the Bombay Stock Exchange. 

Tata Steel, SBI, NTPC, Wipro, Bharti Airtel, Grasim and Power Grid Corp were early gainers while M&M, Tata Motors, ICICI Bank, Aurobindo Pharma and BPCL were under pressure.

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Thursday, 9 February 2017

Sensex, Nifty Erase Early Gains On Profit Booking In Banks

ICICI Bank, Larsen and Toubro, HDFC Bank, SBI, Maruti Suzuki and Tata Steel were driving supporters to Sensex's misfortunes, down 0.5-2 percent while Infosys, TCS, Reliance Industries, HDFC and Lupin increased 0.3-1 percent. 

Oil costs settled, supported by an unforeseen attract US gas inventories, despite the fact that bloated unrefined supplies implied that fuel markets stayed under weight. 

Brent unrefined prospects, the worldwide benchmark at oil costs, were exchanging at USD 55.44 for each barrel, up 0.58 percent from their last close.

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Sensex, Nifty Off Day's High; Metals Lose Shine, HDFC Leads

The 30-share BSE Sensex increased 95.92 points at 28385.84 and the 50-share NSE Nifty rose 24.95 points to 8794 while the more extensive markets kept on beating benchmarks. 

The BSE Midcap and Smallcap files increased 0.3 percent and 0.6 percent, separately. More than two shares progressed for each share falling on the trade.

Ridham Desai of organ Stanley says solid corporate payout, another M&A cycle, and strong family unit interest for values joined with enhancing development and sensible value valuations bring his bull case into play.

Metals stocks like Tata Steel and Hindalco were down more than 1.5 percent while HDFC, HDFC Bank, Infosys, TCS, Reliance Industries and Lupin kept on driving the market higher.

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Sensex Up 150 Pts, Nifty Reclaims 8800 After Two Day Consolidation

The market started off Thursday's trade on a positive note after three day consolidation and pricing in Union Budget as well as RBI policy. Q3 earnings will be closely watched.

The 30-share BSE Sensex was up 150.45 points at 28440.37 and the 50-share NSE Nifty gained 47.40 points at 8816.45. Hero Motocorp and Cipla rallied 1.5-2 percent after quarterly earnings.


ICICI Bank, ONGC, SBI, Aurobindo Pharma, Bharti Infratel, Axis Bank and Tata Motors were other gainers. BHEL, HUL and Asian Paints were early losers. The Indian rupee gained further in early trade today. It has opened higher by 15 paise at 67.04 per dollar versus previous close of 67.19.


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Wednesday, 8 February 2017

Titan Up 9% On CLSA Upgrade, Q3 Nos Good Despite Demonetisation

Share of Titan Company increased 9.5 percent intraday Wednesday on the back of sound development in second from last quarter in spite of demonetisation. The watch and adornments producer said benefit in October-December quarter developed by 13 percent to Rs 255.7 crore contrasted and Rs 226.2 crore in year-back quarter, driven by topline and also operational execution.
Income expanded 14.4 percent year-on-year to Rs 3,926 crore in the quarter finished December 2016, supported by adornments and additionally watch organizations.

CLSA has redesigned the stock to purchase from fail to meet expectations and furthermore expanded target cost to Rs 500 from Rs 372 in the wake of raising EPS conjectures by 9-24 percent.

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Sensex, Nifty Volatile Ahead Of MPC Rate Decision; Midcap Shines

Tata Motors, HDFC Bank, TCS, Asian Paints, M&M, Cipla and Tata Steel increased 0.5-1.6 percent while ITC, Infosys, Axis Bank, ICICI Bank, Reliance Industries and Dr Reddy's Labs were under weight.

The 30-share BSE Sensex fell 9.61 points to 28325.55 and the 50-share NSE Nifty increased 0.35 points at 8768.65.
The more extensive markets beat benchmarks, with the BSE Midcap and Smallcap files rising 0.5 percent and 0.3 percent, individually. Around 1328 shares progressed against 745 declining offers on the trade.

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Sensex, Nifty Open Flat; Investors Cautious Ahead Of RBI Policy

Equity benchmarks began off Wednesday's exchange on a mindful note in front of result of two-day money related strategy panel meeting due later in the day.

The 30-share BSE Sensex was up 20.75 points at 28355.91 and the 50-share NSE Nifty increased 0.80 points at 8769.10. Infosys, Wipro, BHEL, Hero Motocorp, TCS, ITC, Axis Bank, Hero Motocorp and UltraTech Cement were early failures while Tata Steel, Tata Motors, HUL, Sun Pharma, NTPC, Hindalco, Tech Mahindra and Cipla were gainers.

The Indian rupee has opened insignificantly higher at 67.38 for every dollar today versus past close of 67.41. NS Venkatesh of Lakshmi Vilas Bank says the energy about the rupee over most recent two weeks was ended yesterday.
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Tuesday, 7 February 2017

Nifty Struggles Below 8800; BHEL & Hexaware Up, Tata Motors Dip

Tata Motors fell more than 2 percent after a 4 percent development in JLR add up to retail deals at 47,693 units in January year-on-year.

Watch and gems creator Titan Company's second from last quarter benefit is relied upon to be level at Rs 225.1 crore contrasted and year-prior quarter, affected by demonetisation.

Income amid the quarter is seen rising 6 percent year-on-year to Rs 3,633.88 crore and working benefit may grow 7 percent to Rs 332 crore, as indicated by normal of evaluations of experts surveyed by CNBC-TV18.

Edge is relied upon to be level at 9 percent on year-on-year premise. Adornments business is probably going to develop by 10 percent. Brilliant Harvest Scheme may bolster income development.

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Nifty, Sensex Under Pressure But Midcap Outperforms Again

Tata Steel is required to report solidified benefit at Rs 100 crore for the quarter finished December 2016 contrasted and Rs 2,127 crore in same quarter a year ago, determined by operational execution.

Income amid the quarter is seen rising 3.4 percent to Rs 29,000 crore on year-on-year premise, as per normal of appraisals of investigators surveyed by CNBC-TV18.

Working benefit is probably going to grow 299.5 percent to Rs 3,100 crore and edge may extend 790 premise focuses to 10.7 percent contrasted and year-prior quarter.

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Nifty Below 8800, Sensex Lower; ITC Up 5% On SUUTI Stake Sale

 

The market opened reasonably bring down on Tuesday as speculators anticipated money related strategy board of trustees choice due tomorrow. The 30-share BSE Sensex was down 11.54 points at 28427.74 and the 50-share NSE Nifty fell 8.35 points to 8792.70.
BHEL, ITC, Sun Pharma, Wipro, GAIL, Aurobindo Pharma and IndusInd Bank were early gainers while Dr Reddy's Labs, ICICI Bank, Bharti Airtel, Axis Bank, ONGC, ACC and Eicher Motors were under weight.
The Indian rupee has begun off the day on a feeble note with everyone's eyes on RBI arrangement tomorrow. The money opened at 67. 29 for every dollar, lost 8 paise against yesterday's end of 67.21 for each dollar.

Bhaskar Panda of HDFC Bank says the dollar file has been exchanging and around 100 rotate and separated from this central component, the rupee has been increasing because of positive effect of the Budget.

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Monday, 6 February 2017

Nifty Hovers Around 8800 As Investors Await RBI Policy; ITC Up

Buying interest continued in morning as the Sensex revitalized more than 200 focuses on any expectations of RBI cutting repo rate in the pending two-day approach meet that will begin on February 7. 

The 30-share BSE Sensex increased 216.17 points at 28456.69 and the 50-share NSE Nifty rose 63 points to 8803.95. The market broadness was sure as around three shares progressed for each share falling on the BSE. 

Developing markets have begun to look better as stresses over the new US President Donald Trump lives. Geoff Lewis of Manulife Asset Management is hopeful on EMs and said that there is a decent long haul passage point for them now.

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RBI Should Cut Rates By 75 Bps; Ensure Banks Pass On Benefit

RBI should cut rates by 75 bps; ensure banks pass on benefit

The Reserve Bank ought to cut loan fee by 0.5-0.75 percent in perspective of horrid acknowledge development and additionally curbed request and, alongside government, push banks to pass them on when demonetisation has prompted to "windfall gains", an industry body said. 

As the RBI Monetary Policy Committee meets on February 7-8 for next bi-month to month credit approach, Assocham has urged the national bank and the Finance Ministry "to guarantee satisfactory transmission of cuts in the loan costs". 

The business is expecting no less than 50-75 premise focuses diminishment in the strategy loan fees and the banks ought to pass on the whole advantage to the borrowers, it said in a public statement.

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Sensex, Nifty, Midcap Continue To Gain; ICICI Leads, DRL Drags

ICICI Bank was greatest gainer among Sensex stocks, up 2.5 percent took after by ITC, HDFC, HDFC Bank, SBI, L&T, Axis Bank and Reliance Industries.
Dr Reddy's Labs slipped more than 2 percent after solidified net benefit in Q3 fell 15.9 percent to Rs 492.3 crore YoY, however general profit beat experts' desires. Investigators don't anticipate that edge will manage going ahead.
The 30-share BSE Sensex was up 180.44 points or 0.64 percent at 28420.96 and the 50-share NSE Nifty rose 52.60 points or 0.60 percent to 8793.55.
  
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