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Wednesday, 17 January 2018

Nifty jumps above 10,870 mark; Yes Bank, HDFC Bank stock lead |Trade Nivesh Investment

Benchmark indices jump-started the session at fresh lifetime highs tracking global markets and underpinned by gains in banks and fast moving consumer goods companies. Nifty Bank gained over 500 points after media report stated that the government is considering allowing 100% FDI in the banking sector.
At 9:47 AM, 
The BSE Sensex was trading at 35,446, up 364 points, while the broader Nifty50 index was ruling at 10,879, up 90 points.
The Nifty PSU Bank index, up 1.8%, was the top gaining sectoral index, led by near 2% gains in shares of State Bank of India.
The Nifty FMCG index gained 0.8% led by near 2% gains in shares of Hindustan Unilever, as the company reported a higher-than-expected Oct-Dec net profit.
Shares of Emami Paper Mills rose 3% after L&T mutual fund bought 5.42% stake in the company through multiple block deals on the BSE.
Bharti Infratel stock slipped over 2.5% after the company posted 6% fall in consolidated net profit to Rs585cr for the December quarter of the current fiscal on higher costs.

The BSE Mid-cap and BSE Small-cap indices were up 0.48% and 0.97%, respectively.

Volatility index India VIX slipped 1.10% at 13.7150.

Yes Bank (+4%), UPL (+3%), HDFC Bank (+2.5%), IndusInd Bank (+2.3%) and HDFC (+1.9%) were the top gainers on Nifty50.

Infratel (-2.6%), GAIL (-1%), Infosys (-0.85%), Hindalco (-0.80%) and IOC (-0.78%) were the top losers in today’s trade.

Out of 2,006 stocks traded on the NSE, 1,248 advanced, 349 declined and 409 remained unchanged today.

A total of 54 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.

Sensex hits 35K; Nifty Bank hits new all-time high |Trade Nivesh

Equity benchmarks remained strong in afternoon, with the Sensex hit 35,000 level for the first time. The Nifty Bank hit fresh all-time high led by PSU banks after government reduced requirement of additional borrowing for the year and early resolution to Bhushan Steel case.
At 2:57 PM, the BSE Sensex was trading at 35,039, up 268 points, while the broader Nifty50 index was ruling at 10,774, up 74 points.
Shares of Bharat Heavy Electricals recovered losses after the company said it has received an order worth Rs28 bn to set up a 660-MW coal-based thermal power unit at Jalgaon, Maharashtra.
Shares of Zee Entertainment Enterprises were weak after the company reported consolidated net profit of Rs3.2 bn for the quarter ended December, below analyst expectations of Rs3.64 bn.
MCX slipped over 5% after the company posted a 35.6% fall in consolidated net profit at Rs18.8cr for the December quarter over the previous quarter ended September 30, 2017, on lower volumes in the bullion segment.
The BSE Mid-cap and BSE Small-cap indices were up 0.60% and 0.35%, respectively.
Volatility index India VIX slipped 2.32% and is currently at 13.75 levels.
Some of the buying sectors seen in IT, pharma, bank, metal, FMCG, auto and financial services, while media sector is losing sheen on the NSE.
SBI (+3.8%), Aurobindo (+3%), Axis Bank (+2.9%), In
fosys (+2.5%) and Yes Bank (+2.2%) were the top gainers on Nifty50.
Zee (-2.8%), Wipro (-1.9%), Hero MotoCorp (-1.4%), Infratel (-1.3%) and Ambuja (-1.2%) were the top losers in today’s trade.
Out of 2,012 stocks traded on the NSE, 818 advanced, 893 declined and 301 remained unchanged today.
A total of 65 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Tuesday, 16 January 2018

Nifty holds 10,700 mark; TCS, Infosys up 2% | Trade Nivesh Investment

Markets have turned quite volatile in the early trades. After opening in a flat note and slipping at open, indices are back in the green thanks to smart gains in the PSU and Private banks.
The BSE Sensex was trading at 34,857, up 86 points, while th
e broader Nifty50 index was ruling at 10,711, up 10 points.

Shares of IT companies extended their gains from the previous session as the Nifty IT index rose 1.7% in early trade, led by chart-topping gains in shares of Infosys and Tata Consultancy Services.

Shares of Sun Pharmaceutical Industries rose over 1% as the company said it has settled a US patent infringement case involving its generic version of anti-constipation drug Linzess.

GAIL India's stock was up over 1% as the company and Russia's Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

However, gains were capped by an extended decline in shares of state-owned lenders as the Nifty PSU Bank index, down 0.4%, was the worst performing sectoral index.

Metal stocks also continued to be weak with the Nifty Metal index paring 0.3% in early trade.

Nifty trades below 10,700 mark; Coal India, HPCL down 4% | Trade Nivesh

Benchmark indices were flat in trade due to profit booking post three sessions of gains. Positive cues from other Asian equity markets, however, provided support to the indices.
the BSE Sensex was trading at 34,784, down 64 points, while the broader Nifty50 index was ruling at 10,695, down 47 points.
Shares of information technology companies held onto their early session gains. The Nifty IT Index was up 3.6%, after hitting its near three-year high earlier.
Shares of Trigyn Technologies rose over 10% to their six-month high after the company bagged a multi-year order from African Regional Intellectual Property Organization.
TCS stock gained 3% after the company has introduced digital subscription platform on Microsoft Azure.
Barring IT and Teck, all other BSE sectoral indices were trading in the negative zone. Among them, realty index fell the most by 2.75%, followed by metal 2.24%, PSU 1.8% and power 1.69%. On the other hand, IT index was up 3.34% and Teck 2.55%.
The BSE Mid-cap and BSE Small-cap indices were down 1.51% and 1.86%, respectively.
Volatility index India VIX slipped 1.78%.
Infosys (+4.5%), HCL Tech (+4.4%), Wipro (+4%), TCS (+3.7%) and Tech Mahindra (+2.9%) were the top gainers on Nifty50.
HPCL (-3.5%) Vedanta (-3.1%), Bajaj Finance (-2.5%), Tata Motors (-2.4%) Tata Steel (-2.3%) were the top losers in today’s trade.
Out of 2,014 stocks traded on the NSE, 333 advanced, 1,384 declined and 297 remained unchanged today.
A total of 106 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

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Monday, 15 January 2018

Top stocks in focus today: Federal Bank, BSE, Max Ventures | Trade Nivesh

Max Ventures and Industries' board has approved raising Rs 450cr by way of rights issue.

The Board of IDBI Bank has approved the proposal for preferential issue of capital to government of India up to Rs2,729cr, subject to statutory and regulatory approvals.

IndiGrid says that the Board of Sterlite Investment Managers acting as the investment manager of the trust has approved a distribution per unit of Rs2.89 per unit for third quarter of the fiscal.

Lupin plans to come up with regular product launches every 3-4 months and aims to be present across all the major OTC product categories.

Federal Bank reported a gross non-performing asset ratio of 2.52%, higher than 2.39% registered in the previous quarter. The bank reported a net profit of Rs260cr, above analysts' estimate of Rs240cr.

Tech Mahindra said it has partnered with Israeli firm ContextSpace Solutions to develop the world's first global software privacy ecosystem, MyData Shield.

BSE approves buyback of 15 lakh shares at Rs1100.

SBI to put Rs382cr soured education loans on sale.

Seamec bags contract worth $ 1.26 million from L&T Hydrocarbon for deployment of its vessel.

IMP Powers receives an order for manufacturing turbines from Germany’s Smart Hydro Power GmbH for a period of 20 years.

Zee Music in pact with Amazon Prime to provide music content.

Bharat Bijlee to receive Rs46.79cr from MIDC towards the acquisition of land situated at Navi Mumbai.

Friday, 12 January 2018

Nifty ends on a record high after witnessing a volatile trading session

Markets witnessed a whipsaw movement as 4 Supreme Court Judges criticised court functioning in an unprecedented press meet.

Oil & Gas stocks were the flavors of the day with ONGC and Reliance gaining ~1% each.

Benchmark indices outperformed the broader markets and closed on record highs.

Market breadth ended in favor of declines with Advance Decline ratio closing at 2:3x.

Tracking the Nifty options, in of the money call option strikes saw large unwinding of short positions as the index inched higher.

Nifty 10600CE saw an unwinding of 3.6 lakh shares in open interest, indicating a positive bias for the index going forward.

10700PE added ~10 lakh shares in open interest consisting of mainly short positions.

India Vix ended the day at 13.73 down 2%.


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Thursday, 11 January 2018

Tata Chemicals completes sale of urea and customized fertilisers business to Yara Fertilisers | Trade Nivesh

Tata Chemicals Ltd (TCL) has completed the sale of urea and customized fertilisers business (Divestment Business) to Yara Fertilisers India Pvt Ltd. The company has received requisite regulatory approvals, after fulfillment of conditions precedent and sanctioned by the National Company Law Tribunal (NCLT).
Accordingly, the Certified Copy of the Order of NCLT sanctioning the Scheme has been flled electronically with the Registrar of Companies, Ministry of Corporate Affairs, on January 12, 2018. Thus, the Scheme has become effective from January 12, 2018 and the Divestment Business of the company pursuant to the Scheme stands transferred to Yara.
Tata Chemicals has received the consideration of Rs2,682cr (subject to post completion working capital adjustments) from Yara on January 12, 2018.
The divestment strategy from fertilizers business would help TCL to reduce its debt and deleverage its financials. Over the longer term, the management has identified growth areas such as specialty chemicals, consumer products as well as inorganic chemicals. Over FY17-19E, we expect EBITDA and PAT margins to expand by 240bps and 150bps respectively.

Tata Chemicals Ltd is currently trading at Rs775.05, up by Rs4.15 or 0.54% from its previous closing of Rs770.9 on the B

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