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SENSEX - 28343.01    440.35 NIFTY - 8744.35    136.90  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 4:10 PM
The Indian stock market ended on a buoyant note on Tuesday, with strong global cues and optimism about growth outlook triggered some hectic buying almost across the board.

After a firm start, the market moved in a tight range till a little past noon, with traders looking ahead to first quarter GDP data and the fiscal deficit report for July (both due tomorrow), but stocks gained in strength thereafter as buying gathered momentum.

The BSE benchmark Sensex ended up 440.35 points or 1.58% at 28,343.01, while the Nifty50 of the National Stock Exchange closed up 136.90 points or 1.59% at 8744.35. The Sensex hit a high of 28,478.02 intraday, its best since 23 July 2015, while the Nifty rose to 8750.60, recording its highest since 16 April 2015.

In the forex market, the rupee was trading at 67.06 against the U.S. dollar around late afternoon, up nearly 0.2% from its previous close of 67.18 a dollar.

Sify Editors @ 3:40 PM
The Indian stock market ended on a buoyant note on Tuesday, with strong global cues and optimism about growth outlook triggered some hectic buying.

The Sensex and the Nifty50 hit three-week highs as heavyweights rallied.

The Sensex ended up 440.35 points or 1.58% at 28,343.01.

The Nifty50 closed at 8744.35, up 136.90 points or 1.59%.

Automobile, bank, IT, healthcare and FMCG stocks rallied.

Metal, oil, realty, capital goods and consumer discretionary stocks too closed on a bright note.

Midcap and smallcap stocks had a good outing too.

The market breadth was positive.

Sify Editors @ 3:05 PM
Sensex up 435 points, set to end on upbeat note

The market is on course to end on a buoyant note today, as stocks build on their gains thanks to sustained buying support amid hopes the economy will see a fairly decent growth over the next few quarters.

Positive global cues too contribute to the rally in the Indian market toda. The mood, despite the market's strong start, was a bit cautious early on in the session, with investors eyeing the GDP and fiscal data, due tomorrow. However, past noon, buying gathered momentum and stocks from several sectors are finding their way up north now.

The Sensex is up 435.20 points or 1.56% at 28,337.86. The Nifty50 is up 129.70 points or 1.5% at 8737.15.

Sify Editors @ 3:05 PM
Buy Siemens for medium term. For short term, hold with a stop loss around Rs 1190.

Sify Editors @ 2:50 PM
Buy India Cements, UltraTech, Ambuja Cements for medium term gains. Add at declines.

Sify Editors @ 2:30 PM
Buy Karnataka Bank and hold with a stop loss around Rs 130.

Sify Editors @ 2:10 PM
Stay invested in Bajaj Finserv and Bajaj Finance. Consider fresh buying at sharp declines.

Sify Editors @ 2:10 PM
Sensex rises more than 1 percent; auto, bank stocks gain


Indian shares rose for a second consecutive session on Tuesday, tracking broader Asian markets higher, as gains in auto and financial stocks and a slew of positive results including from property firm DLF Ltd lifted sentiment.

Asian shares bounced modestly on Tuesday as doubts the U.S. Federal Reserve would hike interest rates next month restrained the dollar, while investors continued to count on more policy stimulus elsewhere in the world.

The broader NSE Nifty, which hit a 2016 high of 8,728.35 earlier this month, was up 1.06 percent at 8,698.25 as of 0727 GMT.

"I think that the market is in a narrow trading range from 8,500-8,800. There will be fresh buys when the index comes down to 8,500 and profit-booking when the index hits the 8,800-point mark," said R.K. Gupta, managing director of Taurus Asset Management.

Sify Editors @ 1:50 PM
Buy Karnataka Bank and hold with a stop loss around Rs 130.

Sify Editors @ 1:20 PM
Buy Godrej Industries at declines. For near term, keep a stop loss at Rs 410.

Sify Editors @ 12:55 PM
Buy State Bank of India if looking for medium to long term gains.

Sify Editors @ 12:35 PM
The market, which opened on a bright note this morning on global cues, remains well entrenched in positive territory around noon as buying continues in several front line stocks from across various sectors.

Meanwhile, investors are looking ahead to the data on GDP for the first quarter ended June 2016 and the report on fiscal deficit in July. Both these reports are due to be released tomorrow.

The Sensex is now up 217 points or 0.78% at 28,119.66. The Nifty50 of the National Stock Exchange is up 67.80 points or 0.78% at 8675.25.

Sify Editors @ 12:20 PM
eClerx Services hits record high on buyback plan

eClerx Services rises as much as 9.9 pct to a record high of 1,784.40 rupees; last down 1 pct.

Board approves proposal for share buyback worth up to 2.34 bln rupees.

Company posted a 27 pct rise in quarterly consolidated profit on Monday.

About 186,092 shares traded by 0541 GMT, 10 times the stock's 30-day average volume.

Sify Editors @ 11:50 AM
TD Power Systems soars on bagging new order


After hitting a 52-week low in the previous session, shares of TD Power Systems Limited are up sharply Tuesday morning, following an announcement from the company that it has bagged an order to supply application generators to a multi-national company in North America.

The stock zoomed to Rs 225 in early trades, gaining nearly 15% in the process, is now at Rs 215, up by about 10% from its previous closing price. On Monday, the stock had tumbled to Rs 194 on the National Stock Exchange, its 52-week low.

TD Power Systems, which had successfully completed trial run of five generators supplied in February 2016 to the same customer, said in a filing to the stock exchanges that supply of railway application generators under this order from the MNC for installation in North America are to be completed between January and April 2017.

The company is confident that volumes will grow from this business in coming financial years.

Sify Editors @ 11:30 AM
Stay invested in Reliance Communications. Increase exposure at declines.

Sify Editors @ 11:00 AM
Buy Aurobindo Pharma at current levels for medium term. Add more in small quantities at declines.

Sify Editors @ 9:55 AM
Key Indian equity market indices opened in the green on Tuesday following global cues despite the Reserve Bank of India quashing hopes of any rate cut in the near future as inflation bordered around the upper limit of 6 per cent.

The 30-scrip Sensitive Index (Sensex) was trading 159.15 points or 0.57 per cent higher during the early session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 39.30 points or 0.46 per cent lower at 8,646.75 points.

The BSE Sensex, which opened at 28012.46 points, was trading at 28061.81 points (at 9.17 a.m.) in the early session, higher 159.15 points or 0.57 per cent from the previous day's close at 27902.66 points.

The Sensex touched a high of 28071.21 points and a low of 28010.66 points in the trade so far.

Sify Editors @ 9:15 AM
Sensex up 185 points as stocks open higher on global cues


The Indian stock market opened on a firm note Tuesday morning, with investors indulging in some brisk buying in early trades, tracking positive global cues.

The overnight positive close on Wall Street amid slightly easing worries about interest rates, and a steady trend across the Asian region today, set up a higher opening for Indian stocks. However, the undertone is slightly cautious with investors looking ahead to the data on industrial production for the June quarter and the fiscal deficit report for July, both due on Wednesday.

The BSE benchmark Sensex is up 184.50 points or 0.66% at 28,087.16, after advancing to a high of 28,108.60. The Nifty50 of the National Stock Exchange is up 58.10 points or 0.66% at 8665.55.

In the forex market, the rupee opened at 67.12 against the U.S. dollar, up from its previous close of 67.18 a dollar.

Automobile and bank stocks are among the prominent gainers. Among automobile stocks, Maruti Suzuki is up 2.5%, Hero Motocorp is gaining 1.5%, Bajaj Auto is up 1.4% and Mahindra & Mahindra is rising 0.8%, while Tata Motors is up by about 0.7%.

In the banking space, ICICI Bank is up 1.6% and State Bank of India is moving up 1.3%, while HDFC Bank and Axis Bank are both trading higher by about 1%. Yes Bank, Bank of Baroda and IndusInd Bank are also up with strong gains.

 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Aegis Logistics Ltd. 130.65 128.05
Welspun India Ltd. 46.75 48.75
Kalpataru Power Tran 263.70 258.30
Vakrangee Softwares 197.15 197.35

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Welspun India Ltd. 46.65 48.45
Jindal Steel & Power 87.80 85.30
Reliance Communicati 53.75 53.85
State Bank of India 252.25 249.05
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 31636.36 Rs. 45485.00
Mumbai Rs. 32759.36 Rs. 45485.00
Delhi Rs. 32085.56 Rs. 45485.00
Kolkata Rs. 32491.98 Rs. 45485.00
Kerala Rs. 31229.95 Rs. 45485.00
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 %
V-Guard Industries L 189.35 396.33
Pearl Agriculture Lt 132.00 93.20
Upper Ganges Sugar & 389.00 91.68
Dwarikesh Sugar Indu 235.15 89.60

monthly losers bse

Share
Company Name Current
Price
Change %
Welspun India Ltd. 46.75 -1683.85
Tree House Education 33.00 -1116.97
Sarla Polyester Ltd. 57.55 -969.16
SMS Pharmaceuticals 89.80 -611.64

monthly gainers nse

Share
Company Name Current
Price
Change %
V-Guard Industries L 188.90 407.41
Cambridge Technology 130.80 95.80
Upper Ganges Sugar & 389.95 92.31
Dwarikesh Sugar Indu 234.50 89.00

monthly losers nse

Share
Company Name Current
Price
Change %
Tree House Education 33.10 -1322.36
Adani Enterprises Lt 73.35 -803.34
Kotak Gold Exchange 279.05 -798.26
Welspun India Ltd. 46.65 -685.74

Bse top gainers

Share
Company Name Current Change
Manappuram Finance L 84.65 146.43
Florence Investech L 684.00 101.41
Cholamandalam Invest 1166.95 80.98
Bajaj Finance Ltd. 10772.00 73.95

Bse top losers

Share
Company Name Current Change
V-Guard Industries L 189.35 -89.39
Max India Ltd. 161.00 -70.55
IL&FS Engineering & 47.50 -29.00
Welspun Corp Ltd. 81.15 -23.87

Nse top gainers

Share
Company Name Current Change
Bajaj Finance Ltd. 10777.40 1142.57
Maruti Suzuki India 5067.65 845.19
Cholamandalam Invest 1170.25 543.52
APL Apollo Tubes Ltd 960.90 502.63

Nse top losers

Share
Company Name Current Change
Hubtown Ltd. 93.40 -89.46
V-Guard Industries L 188.90 -89.39
Max India Ltd. 161.25 -70.50
TV18 Broadcast Ltd. 41.95 -53.05
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17