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SENSEX - 31770.89    321.86 NIFTY - 9897.30    103.15  
 

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Live Markets Commentary:

Sify Editors @ 4:15 PM:
Sensex posts biggest single-day gain in over one month

Indian shares rose more than 1 percent on Wednesday, recovering from earlier falls to post their biggest single-day percentage gain since July 10, reflecting upbeat mood across global markets ahead of minutes of the U.S. Federal Reserve's latest meeting.

The benchmark BSE Sensex closed up 1.02 percent at 31,770.89, recovering from an earlier fall of as much as 0.16 percent to gain for a second consecutive session.

The broader NSE Nifty ended 1.05 percent higher at 9,897.30, rebounding from an earlier decline of as much as 0.21 percent.

Sify Editors @ 3:45 PM:
A second day in the green:

Both leading benchmarks Sensex and Nifty ended the day on a positive note. The Sensex ended on 31770.89 points, a 321.86 point or 1.02% lead, while the NSE Nifty rallied by 100.15 points or 1.05% to end on 9897.30.

FMCG, Metal, and PSU Banks remained the pick of stocks. Cipla, Tata Motors, Hindustan Unilever, ITC, Sunpharma, Kotak Bank and SBI were the top five stocks on the Sensex and Nifty. Both trading days in the week have seen benchmarks ending on a positive note, after the second week of August saw both benchmarks bleeding a record.

Sify Editors @ 3:15 PM:
Sensex trades higher in afternoon session

The key Indian equity indices was trading higher in the afternoon session on Monday.

The 30-scrip Sensitive Index (Sensex), was trading 170.49 points or 0.54 per cent higher in the afternoon session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 48.95 points or 0.50 per cent higher at 9,843.10 points.

The Sensex of the BSE, which opened at 31,566.24 points, was trading at 31,619.52 points, higher 170.49 points or 0.54 per cent from the previous day's close at 31,449.03 points.

The Sensex touched a high of 31,629.62 points and a low of 31,399.35 points in the trade so far.

Healthy buying was observed in fast moving consumer goods (FMCG), metal and auto sectors, while selling pressure was seen in capital goods.

Sify Editors @ 2:55 PM:
Kolte-Patil gains after completing land parcel divestment


Shares of realty firm Kolte-Patil Developers Limited have gained notable ground in positive territory this afternoon, after the company said that it has completed a strategic divestment of its land parcel in Wakad, Pune.

The consideration for the same is worth Rs 161 crore, according to a filing by the company.

The realtor has stated that it went for the strategic sale after evaluating the overall feasibility and that the move is in line with its strategy of maintaining a lean balance sheet.

The company hopes to continue exploring partnerships under asset light models in order to enhance overall portfolio and be in position to attain sustained growth.

The land parcel at Wakad suburb has been sold to Island Star Mall Developers Pvt. Ltd, an investment platform of Phoenix Mills Ltd (it owns Phoenix Market City in Bengaluru) and Canada Pension Plan Investment Board (CPPIB), for Rs160 crore, according to the filings made by the concerned companies to the stock exchanges.

Earlier, in April this year, a joint announcement was made saying Canada’s largest pension fund CPPIB will invest a total of $250 million in multiple tranches, to eventually own up to 49% in Island Star Mall Developers, a unit of Phoenix Mills.

Sify Editors @ 1:30 PM:
The Sensex in the Gains


The 30-scrip Sensitive Index (Sensex), was trading 170.49 points or 0.54 per cent higher in the afternoon session.

The wider 51-scrip Nifty of the National Stock Exchange was also trading 48.95 points or 0.50 per cent higher at 9,843.10 points.

The Sensex of the BSE, which opened at 31,566.24 points, was trading at 31,619.52 points, higher 170.49 points or 0.54 per cent from the previous day's close at 31,449.03 points.

The Sensex touched a high of 31,629.62 points and a low of 31,399.35 points in the trade so far.

Healthy buying was observed in fast moving consumer goods (FMCG), metal and auto sectors, while selling pressure was seen in capital goods.

Sify Editors @ 12:40 PM:
Gayatri Projects gains on impressive results, looks set for further upside


Gayatri Projects reported a net profit of Rs 45,11 crore for the quarter ended 30 June 2017, up more than 175%, compared to net profit of Rs 16.35 crore in the corresponding quarter of financial year 2016-17.

Total income in the June 2017 quarter was significanly higher at Rs 659.78 crore, compared to income of Rs 439.87 crore in the year-ago quarter. Tax credit received (Rs 5.5 crore) in the quarter contributed to the healthy surge in the numbers.

In the quarter ended March 2017, Gayatri Projects recorded total income of Rs 815.63 crore. In the fourth quarter, the company posted a net profit of Rs 32.24 crore

EBITDA for the April - June 2017-18 quarter increased 59.6% (y-o-y) to Rs 97 crore. EBITDA margin expanded 82 basis points to 14.9% in the quarter, thanks to favourable changes in inventories.

Gayatri Projects is the flagship company of well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.

The company has a strong presence in the EPC segment, and is engaged in projects such as construction of road, irrigation and industrial space. In the last fifty years, Gayatri Projects has executed projects comprising over 5000 kms of roads, 1200 kms of irrigation canals and several industrial projects. Its order book is quite healthy at present.

Gayatri Projects shares rallied to 175 on NSE and currently up 6.2% at Rs 171. On BSE, the stock is up nearly 6% at Rs 170, after touching a high of Rs 172. The stock had touched a high of Rs 182.25 on 10 July 2017.

The Gayatri Projects counter on BSE has clocked a volume of over 16,000 shares so far in the session, nearly four time its average daily volume of around 4200 shares. On the National Stock Exchange, the counter has recorded a volume of about 92,600 shares so far in today's session.

Sify Editors @ 12:10 PM:
Sensex edges up, lack of catalysts keeps lid on gains

Indian shares edged up on Wednesday, but investors remained on the sidelines in the absence of strong catalysts after the market's record-setting run early this month.

Sentiment was largely muted in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.1 percent. Wall Street ended nearly flat on Tuesday.

Since hitting an all-time high on Aug. 2, India's broader NSE index has fallen more than 3 percent on profit-taking as well as a flare-up in tensions between the United States and North Korea.

Caution prevailed as a faster-than-expected rise in consumer price inflation in July reduced the chances of another interest rate cut by the Reserve Bank of India, which cut its main policy rate early this month by 25 basis points to 6 percent, the lowest since November 2010.

"There is complete lack of triggers, all the movement has been on geopolitical situation till now," said Jayant Manglik, president, retail distribution, Religare Securities.

The broader NSE Nifty was up 0.16 percent at 9,809.00 as of 0640 GMT, boosted by ITC Ltd.

The benchmark BSE Sensex was 0.22 percent higher at 31,519.72.

Markets were closed on Tuesday for a public holiday.

Sify Editors @ 10:20 AM:
Shreyas Shipping & Logistics sails along on stellar Q1 results


With impressive first quarter results reported by the company wooing investors to the counter, shares of leading logistics firm Shreyas Shipping & Logistics Limited are sailing smoothly in positive territory Wednesday morning.

After trading hours on Monday (14 August 2017), Shreyas Shipping & Logistics Limited announced that its net profit (excluding exceptional items) increased by a sharpy 93% to Rs 20.46 crore in the quarter ended June 2017, from Rs 10.62 crore in the preceding quarter. In th June 2016 quarter, the company had posted a net profit of Rs 4.87 crore.

Shreyas Shipping & Logistics' operating revenues increased 23% to Rs 117.86 crore in the April - June 2017 quarter over the preceding quarter. Compared to its revenues in the April - June 2016 quarter, revenues were up 39% in the first quarter of the current financial year.

The company attributed the growth momentum to higher volumes and increase in freight rates. Despite increased tonnage, the vessel utilisation levels increased in the quarter, demonstrating the growth in overall volumes shipped and the potential of coastal container shipping in India. The company managed to maintain its operational costs as bunker prices remained moderate.

During the quarter, Shreyas Shipping signed a JV with Suzue Corporation, Japan, for undertaking international freight forwarding, custom clearance service and other land logistics services. An MoU to purchase a multi-purpose vessel of 17472 DWT, to explore new opportunities through diversification into coastal break bulk trade was also signed during the quarter.

The company bagged a contract from Rshtriya Ispat Nigam Limited fo transporting products from its plant at Vizag to stockyards in Ahmedabad, Mumbai and Kochi.

Sify Editors @ 9:20 AM:
The Sensex opens in the Green

The Sensex opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 31,566.24 points, touched a high of 31,602.64 points and a low of 31,504.63 points.

On Monday the Sensex closed at 31,449.03 points. Tuesday was a holiday.

The Sensex is trading at 31,513.07 points up by 64.04 points or 0.20 per cent.

On the other hand, the broader 51-scrip Nifty at the National Stock Exchange opened at 9,825.85 points after closing at 9,794.15 points.

The Nifty is trading at 9,819.25 points in the morning.


 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Suzlon Energy Ltd. 17.55 17.40
Jaiprakash Associate 23.90 22.95
Max Financial Servic 605.10 600.05
Jaypee Infratech Ltd 17.75 16.95

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Jaiprakash Associate 23.90 22.95
Suzlon Energy Ltd. 17.50 17.40
Sintex Industries Lt 33.95 31.75
Tata Global Beverage 193.85 178.75
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 42200.00 Rs. 29390.37
Mumbai Rs. 42200.00 Rs. 30459.89
Delhi Rs. 42200.00 Rs. 30000.00
Kolkata Rs. 42200.00 Rs. 30385.03
Kerala Rs. 42200.00 Rs. 28877.01
Buy/Sell Advice Share
Source Company Action
Firstcall Grasim Industries Buy
ICICIDirect NTPC Buy
ICICIDirect Cipla Buy
ICICIDirect ACC Sell

monthly gainers bse

Share
Company Name Current
Price
Change %
Aditya Vision Ltd. 54.35 61.45
NHN Corporation Ltd. 26.90 50.19
N C J International 80.85 49.66
First Custodian Fund 25.50 48.04

monthly losers bse

Share
Company Name Current
Price
Change %
Dwarikesh Sugar Indu 66.20 -546.90
Navin Fluorine Inter 700.40 -331.59
Coral India Finance 66.00 -276.36
Bhagyashree Leasing 31.20 -239.74

monthly gainers nse

Share
Company Name Current
Price
Change %
Uttam Sugar Mills Lt 194.80 29.83
Hexa Tradex Ltd. 28.10 29.36
Autoline Industries 82.05 28.15
Graphite India Ltd. 244.00 27.68

monthly losers nse

Share
Company Name Current
Price
Change %
Dwarikesh Sugar Indu 66.35 -545.74
Coral India Finance 64.60 -270.90
Munjal Auto Industri 64.50 -129.46
Aarvee Denims and Ex 29.40 -109.52

Bse top gainers

Share
Company Name Current Change
Shreyas Shipping Ltd 364.30 19.99
Siris Soft Ltd. 71.80 19.97
Puneet Resins Ltd. 62.85 19.94
Murudeshwar Ceramics 45.85 18.02

Bse top losers

Share
Company Name Current Change
IL&FS Engineering & 41.35 -28.02
Religare Enterprises 69.75 -15.66
TV18 Broadcast Ltd. 36.60 -12.86
Solitaire Machine To 44.10 -11.80

Nse top gainers

Share
Company Name Current Change
Shreyas Shipping Ltd 365.75 20.00
Murudeshwar Ceramics 45.45 17.29
Kirloskar Industries 1651.35 17.18
Rama Newsprint and P 27.15 14.80

Nse top losers

Share
Company Name Current Change
IL&FS Engineering & 41.30 -27.92
Religare Enterprises 69.60 -15.79
TV18 Broadcast Ltd. 36.75 -15.03
Aarvee Denims and Ex 29.40 -9.95
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17