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SENSEX - 28294.28    0.00 NIFTY - 8723.05    0.00  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 18:20 PM

Dipen Shah, Senior Vice President, Head PCG Research, Kotak Securities, has this view to share: Markets fell by more than 1% on Monday, in line with the fall in the US markets on Friday and the weak European / Asian markets during the day day. Global markets were weak following weak data across US and Europe. Crude prices have also fallen on indications that, there may be no deal to freeze output at the OPEC meeting.

The important triggers for the market in the next few weeks will be the meeting of OPEC members this week and the RBI meeting early October, which will be closely watched for any rate cuts. CPI inflation has cooled off to near 5% in August 2016 and that, along with the fall in IIP, has raised hopes of a rate cut in the ensuing RBI meeting.

Despite relatively higher valuations, markets have been resilient, largely on the back of consistent global flows. One needs to be selective in stock-picking and must have a longer time horizon while investing in current markets.

Sify Editors @ 4:40 PM

Sensex ends 374 points down on weak global cues

The Indian stock market tumbled on Monday, as investors indulged in heavy selling across the board, tracking weak global cues.

Markets in Asia and Europe traded weak with investors looking ahead to the US presidential debate and the crucial OPEC produers meeting.

The BSE benchmark Sensex ended down 373.94 points or 1.3% at 28,294.28, after declining to a low of 28,272.03. The Nifty50 of the National Stock Exchange closed down 108.50 points or 1.23% at 8723.05, slightly off the day's low of 8715.10.

In the forex market, the rupee was trading at 66.72 against the U.S. dollar around late afternoon, down 0.1% from its previous close of 66.66 a dollar.

Automobile, bank and realty stocks were among the major losers. FMCG, capital goods and power stocks too closed notably lower. Information technology, healthcare, metal and oil stocks turned in a mixed performance. Midcap and smallcap segments saw stock specific activity.

Sify Editors @ 4:10 PM
Sensex, Nifty fall over 1 percent; U.S. presidential debate in focus


Indian shares fell more than 1 percent on Monday, declining for a second straight session, as caution prevailed in global markets ahead of the U.S. presidential debate that will pit Donald Trump against Hillary Clinton.

The Sensex ended down 1.30 percent at 28,294.28, after posting its biggest intraday percentage fall since Sept. 12.

The Nifty lost 1.23 percent to 8,723.05.

Sify Editors @ 3:35 PM
Key Indian stock indices ended sharply lower on Monday as investors indulged in heavy selling across the board, on weak global cues.

The Sensex ended down 373.94 points or 1.3% at 28,294.28.

The Nifty50 closed at 8723.05, down 108.50 points or 1.23%.

Automobile, bank and realty stocks were among the major losers.

FMCG, capital goods and power stocks too closed notably lower.

IT, healthcare, metal and oil stocks turned in a mixed performance.

Midcap and smallcap segments saw stock specific activity.

The market breadth was weak.

Sify Editors @ 3:15 PM
Sensex, Nifty set to end on dismal note

The Indian stock market looks headed for a dismal close today, as selling continues at several counters amid weakness in global markets.

After Asian markets ended week, major European markets are trading lower now, with investors treading cautiously ahead of the crucial OPEC produers meeting. Also, markets are looking ahead to US presidential debate.

The Sensex is down 359 points or 1.25% at 28,309.23, slightly off the day's low of 28,291.90. The Nifty50 is down 99.70 points or 1.13% at 8731.85.

Bank, automobile, FMCG, realty, capital goods, power and telecom stocks are down sharply. Oil, information technology and healthcare stocks are turning in a mixed performance. Midcap and smallcap segments are seeing stock specific activity.

Sify Editors @ 2:55 PM
Buy Oil India for medium term. Add at declines.

Sify Editors @ 2:25 PM
Buy NMDC for medium term. Hold with a stop loss around Rs 98.

Sify Editors @ 1:45 PM
Sensex tanks more than 350 points

With stocks across the board wilting under pressure, the market has plunged deeper into the red now.

Weakness in Asian markets and a negative start in major European markets appear to be weighing on sentiment.

The Sensex is down 351.60 points or 1.23% at 28,316.62. The Nifty50 is down 104.65 points or 1.18% at 8726.90.

Sify Editors @ 1:25 PM
GNA Axles shines on debut


GNA Axles has made a strong debut in the market. The IPO from the company, which closed on September 16, had evoked good response from investors, getting subscribed 54.88 times.

On the National Stock Exchange, the stock rose to Rs 261.80 after opening at Rs 252, and is currently trading at Rs 251. Around 1.32 million shares have changed hands so far at the GNA Axles counter on NSE. On BSE, the stock is trading at Rs 247, up nearly 20% from the issue price.

While the qualified institutional investors portion was oversubscribed 17.18 times and the non-institutional investors category was subscribed 217.47 times, the retail investors' categary was subscribed 11.84 times.

The company fixed the issue price at Rs 207, the upper end of the Rs 205 - 207 band for the IPO, raising Rs 130 crore. Ahead of the issue, the company raised Rs 38 crore by allotting 18.3 lakh shares to anchor investors.

GNA Axles, which is engaged in manufacturing automotive parts, offers offers rear axle shafts, spindles, and splined shafts for light and commercial vehicles and markets its products across the globe, said the proceeds of the issue will be used to acquire plant and machinery and to meet working capital requirement and other general corporate purposes.

The company reported consolidate net profit of Rs 25.93 crore for the year ended March 2016, up more than 20% from net profit of Rs 21.60 crore it had recorded a year earlier. As of March 2016, total consolidated debt of GNA Axles stood at Rs 129.57 crore.

Sify Editors @ 1:10 PM
Buy HDFC for near term gains. Add small quantities at declines for medium term.

Sify Editors @ 12:45 PM
Bank stocks are likely to stay sluggish with a negative bias for now. In the event of a surprise rate cut early next month, one can expect some upside in this space.

Sify Editors @ 12:15 PM
Sensex falls; U.S. presidential debate in focus


Indian shares dropped about half a percent on Monday and were headed for their second straight fall, tracking weakness in Asian peers while investors shifted their focus from central banks to American politics.

The first U.S. presidential debate between Republican Donald Trump and Democrat Hillary Clinton, scheduled at 2100 ET (0100 GMT), will be the best opportunity for the two candidates to put to rest questions about their fitness for the White House with the Nov. 8 election fast approaching.

About 20 percent of the electorate remains undecided, a Reuters/Ipsos polling shows, far higher at this stage in the campaign than the 12 percent undecided four years ago.

"I think there could be some shift away from equities to the safer assets ahead of the U.S. elections across the markets globally," said Ambareesh Baliga, a Mumbai-based independent market analyst.

Sify Editors @ 11:55 AM
Sensex down 168 points as selling intensifies

As selling pressure gathered force around mid morning, the market, which opened lower on weak global cues, slipped deeper into the red.

The Sensex is down 167.88 points or 0.6% at 28,500.34, nearly 30 points off the day's low of 28,471.18. The Nifty50 of the National Stock Exchange is down 47.40 points or 0.54% at 8784.15.

Sify Editors @ 11:35 AM
Stay invested in NIIT (Rs 98). Add more in small quantities at declines.

Sify Editors @ 11:10 AM
Tata Steel trades modestly higher ahead of company's trade union talks in UK

Tata Steel is in focus today, with the company scheduled to hold discussions with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers/

The dispute stands in the way of the proposed merger of Tata Steel's European operations with German rival ThyssenKrupp.

According to reports the focus of talks will be on breaking a deadlock over the pension scheme, the main obstacle to a rescue of its Port Talbot unit in Wales.

It is said that Tata Steel and ThyssenKrupp could formalise the deal within weeks, even if the pension issue has not been resolved, but the tie-up would be contingent on resolving the pensions dispute.

Since the British Steel Pension Scheme is in huge deficit, Tata and ThyssenKrupp are reluctant to saddle their new joint venture with the pensions of 130,000 retired and working members.

While the previous government, under David Cameron had proposed a law change to reduce payouts by altering the inflation link for rises, the Theresa May - led present government is against the plan.

Tata Steel has announced that it would continue to responsibly develop options to identify the best prospects for the future sustainability of its UK operations and the best outcome for members of the British Steel Pension Scheme.

Tata Steel shares are currently up nearly 1% at Rs 375.40.

Sify Editors @ 10:55 AM
Buy GSFC (Rs 76) on dips for near to medium term. Keep a stop loss at Rs 71.

Sify Editors @ 10:40 AM
Bharat Financial Inclusion is looking to raise Rs 750 crore through qualified institutional placement. Shares of the company are up 1.3% at Rs 857 now. Hold as more upside looks likely.

Sify Editors @ 10:15 AM
Rain Industries Ltd has stated in a filing to the stock exchanges that its wholly-owned subsidiary Rain Cements Limited has commenced operations of Waste Heat recovery based Power Plant to generate up to 7 MW of gross electrical energy from the waste heat and the flue gases evolved during the cement manufacturing process at Boincheruvupalli Village, Kurnool District, Andhra Pradesh.

Rain Cements completed the project at a cost of Rs. 70 crores. It  funded the projects from internal accruals.

The process of waste heat generation is environmental friendly that will bring down the flue gas temperatures. The heat recovery from the flue gases not only saves large quantities of fossil fuels but also substantially reduces the cost of power generation, the company said in its filing.

Rain Industries shares are currently up 5.8% at Rs 47.80. The stock had hit a high of Rs 49.80 on September 9, rallying from a low of Rs 26.10 it had touched on 12 February 2016.

Sify Editors @ 9:45 AM
The key Indian equity indices on Monday opened in red following Asian markets cues.

The 30-scrip Sensitive Index (Sensex), was trading 113.84 points or 0.40 per cent down soon after opening.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 39.10 points or 0.44 per cent lower at 8,792.45 points.

The Sensex of the BSE, which opened at 28,630.92 points, was trading at 28,554.38 points (at 9.17 a.m.), lower 113.84 points or 0.40 per cent from the previous day's close at 28,668.22 points.

Sify Editors @ 9:15 AM

Sensex down 122 points on weak global cues; Bank stocks decline

The Indian stock market is notably lower Monday morning, with investors pressing some sales at several counters, tracking weak global cues.

Also, with no big positive news emerging from the home front, investors appear a bit wary of picking up stocks. The reporting season is not far off and the central bank's monetary policy is due on October 4.

The BSE benchmark Sensex, which declined to 28,505.98, is now down 122.21 points or 0.44% at 28,546.01. The Nifty50 of the National Stock Exchange is down 41.35 points or 0.47% at 8790.20, around tn points off an early low of 8780.70.

ICICI Bank is declining 1.8%. GAIL India, Hero Motocorp, Adani Ports, HDFC, Axis Bank, ITC and Tata Motors are lower by 1% - 1.3%.

 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Sybly Industries Ltd 12.13 11.56
Crompton Greaves Ltd 80.10 80.35
Spicejet Ltd. 62.65 63.25
Shimoga Technologies 16.02 14.73

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Reliance Communicati 47.45 47.85
Industrial Finance C 28.80 30.45
Jaiprakash Associate 11.10 11.40
Indiabulls Real Esta 88.40 88.00
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 31882.35 Rs. 46950.00
Mumbai Rs. 33122.99 Rs. 46950.00
Delhi Rs. 32299.47 Rs. 46950.00
Kolkata Rs. 32780.75 Rs. 46950.00
Kerala Rs. 31390.37 Rs. 46950.00
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 %
Pearl Agriculture Lt 122.00 87.25
Satkar Finlease Ltd. 71.75 77.84
Shree Dhanop Finance 150.00 72.83
Union Quality Plasti 35.20 72.13

monthly losers bse

Share
Company Name Current
Price
Change %
V-Guard Industries L 187.40 -813.05
Trent Ltd. 213.45 -766.20
Hubtown Ltd. 92.70 -424.38
Planter's Polysacks 89.30 -324.64

monthly gainers nse

Share
Company Name Current
Price
Change %
Patel Engineering Lt 106.10 51.84
Man Aluminium Ltd. 63.40 50.79
Dynacons Technologie 28.65 50.26
Donear Industries Lt 58.40 49.40

monthly losers nse

Share
Company Name Current
Price
Change %
V-Guard Industries L 188.15 -820.04
Trent Ltd. 212.15 -773.20
Hubtown Ltd. 92.55 -425.77
Minda Industries Ltd 294.20 -298.59

Bse top gainers

Share
Company Name Current Change
Manappuram Finance L 97.45 183.70
Florence Investech L 665.05 95.83
Cholamandalam Invest 1132.95 75.71
Jubilant Life Scienc 637.85 56.72

Bse top losers

Share
Company Name Current Change
Bajaj Finance Ltd. 1122.20 -81.88
Max India Ltd. 143.05 -74.86
Welspun Corp Ltd. 74.90 -29.74
Polaris Financial Te 170.00 -20.71

Nse top gainers

Share
Company Name Current Change
Maruti Suzuki India 5568.90 938.68
Cholamandalam Invest 1131.65 522.30
APL Apollo Tubes Ltd 885.50 455.35
Sterlite Technologie 83.95 273.11

Nse top losers

Share
Company Name Current Change
Hubtown Ltd. 92.55 -89.55
Max India Ltd. 142.50 -74.81
TV18 Broadcast Ltd. 44.25 -50.48
Jindal Stainless Ltd 22.90 -40.67
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17