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SENSEX - 29918.40    111.34 NIFTY - 9304.05    38.10  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 4:30 PM
Sensex ends lower; posts biggest weekly gain in six

Indian shares ended lower on Friday, retreating from record highs hit this week as investors booked profits ahead of a long weekend, but indexes still posted their biggest weekly gain in six.

The benchmark BSE Sensex ended 0.37 percent lower at 29,918.40, but gained 1.88 percent for the week. The broader NSE Nifty closed down 0.41 percent at 9,304.05, but was up 2 percent for the week.

Both indexes posted their fourth straight month of gains.


Sify Editors @ 3:50 PM
Key Indian stock indices Sensex and the Nifty50 ended lower on Friday, extending losses to second successive day.

A lack of positive lead from global and domestic front rendered the mood cautious.

Investors tracked quarterly earnings reports and other corporate news for direction.

The Sensex ended down 111.34 points or 0.37% at 29,918.40.

The Nifty50 ended at 9305.90, down 36.25 points or 0.39%.

Realty, telecom and FMCG stocks were the prominent losers.

Consumer durables and IT stocks too traded weak.

Metal stocks had a good outing. Select automobile stocks recorded notable gains.

Bank, capital goods, oil and power stocks ended mostly flat.

The market breadth was almost even.

Sify Editors @ 3:30 PM
Hold NTPC with a stop loss at Rs 155. Investors with a long term plan can buy the stock at declines.

Sify Editors @ 3:15 PM
CESC (Rs 940) has hit a new high today and more upside is very likely. Stay invested.

Sify Editors @ 3:00 PM
Dabur India (Rs 287) is likely to see decent upside in the medium term. Fresh buying can be considered at declines. Keep a stop loss around Rs 270.

Sify Editors @ 2:40 PM
NCC, ITD Cementation, Gayatri Projects and Madhucon Projects may edge higher. The government is reportedly keen on starting a few expressway projects this year. Totally work on about twelve expressways will commence in the coming year, the Union Minister for Road Transport and Highways, Nitin Gadkari has stated.

Sify Editors @ 2:10 PM
Sensex, Nifty remain in negative territory; Maruti Suzuki up 3%

The Indian stock market, which opened lower on weak cues from Asian peers, continues to languish in negative territory due to sustained selling at several front line counters.

The Sensex is down 81.21 points or 0.27% at 29,948.53, while the Nifty50 of the National Stock Exchange is 31.80 points or 0.34% at 9310.35.


Sify Editors @ 1:40 PM
Competition in the telecom space is quite intense with the companies aiming to significantly widen their customer base, offering attractive data packages at incredibly low rates.

Shares of Bharti Airtel, Idea Cellular and Reliance Industries are likely to see wild swings now and then. Investors with a medium term view can consider buying these stocks at declines.

Sify Editors @ 1:10 PM
Kotak Mahindra Bank is expected to see good upside, riding on good fourth quarter results. Stay invested in the stock and use sharp declined to increase exposure.

Sify Editors @ 12:40 PM
Larsen & Toubro, Siemens and BHEL are among the good picks from the capital goods space. Keep picking up small quantities at these counters at sharp declines.

Sify Editors @ 12:10 PM
Hatsun Agro vaults to new high on turnaround results

Hatsun Agro Products soared to a new all-time high, rising to Rs 680 in early trades on Friday, buoyed by turnaround quarterly results.

However, due to lack of support at higher levels, the stock came off that level and is currently hovering around Rs 633, up 2.3% from previous closing price.

From early May 2016, the stock price of Hatsun Agro Products has more than doubled.

Hatsun Agro Products reported a net profit of Rs 43.3 crore for the quarter ended March 2017, as against net loss of Rs 16.8 crore in the year-ago quarter. Lower tax cost and strong operational and topline growth contributed to the turnaround performance of the company in the fourth quarter.

Hatsun Agro Products' revenue increased 36.3% to Rs 1217.7 crore in the fourth quarter, compared to year-ago quarter. It posted a 64.% jump in operating profit in the quarter,with margins rising 160 points to 9.6%.

The Board of Directors of the Company at their meeting on  27 April 2017, declared Second Interim Dividend of Rs 3 (300%) per equity share (face value of Re 1 per share) for the financial year 2016-17. The Board of Directors fixed 8th May, 2017 as the record date for payment of the dividend.

At the time of announcing its results, Hatsun Agro Products said that its board of directors also approved a proposal to raise Rs 500 crore via qualified institutional placement issue.

Sify Editors @ 11:40 AM
Sensex falls on profit taking, still set for best week in six

Indian shares retreated further on Friday from record highs hit this week as investors booked profits ahead of a long weekend, but still were on track to post their biggest weekly gain in six.

The benchmark BSE index and the broader NSE index were headed for a near 2 percent gain this week, their best performance since mid-March as hopes of improving corporate earnings and accelerating economic growth lifted the indexes to all time highs.

"Markets have been rising for so long. Any selloff can be partly attributed to profit taking, especially ahead of the three-day weekend," said Deepak Jasani, head of retail research at HDFC Securities.

Indian markets are closed on Monday for a public holiday.

Sify Editors @ 11:00 AM
Prism Cement spurts on getting mining lease; Stock pares some gains after hitting 52-week high

Shares of Prism Cement Limited rose to a 52-week high this morning, on the back of an announcement from the company that it has received letter of intent from Madhya Pradesh Government for allotment of cement grade limestone mining lease.

Prism Cement said that the lease period will be 50 years. The cement grade limestone mining lease is for mining in Chulhi and Majhiyar villages in Satna District of Madhya Pradesh. The mining lease would be captive to the cement plants of the company at Satna, Prism Cement sai.

Prism Cement, an integrated building materials company, dealing in products such as cement, tiles, bath room and kitchen products and ready-mixed concrete, posted a net loss of Rs 47.02 crore in the October - December 2016 quarter, as compared to net loss of Rs 15.22 crore in the preceding quarter. Sales were down 9.2% in the third quarter.

Prism Cement is an integrated building materials company, with a wide range of products from cement, ready-mixed concrete, tiles, bath products to kitchens. The company has three divisions, viz. Prism Cement, H & R Johnson (India) and RMC Readymix (India).

Prism Cement vaulted to Rs 129.10 in early trades, and despite having pared some gains since then, still remains well placed in positive territory at Rs 124.80, up 5.8% from its previous closing price.

On BSE, over 2.84 lakh shares have changed hands so far at the Prism Cement counter today, more than twice the average daily volume seen at the counter in the last couple of weeks. On the National Stock Exchange, the Prism Cement counter has clocked a volume of over 1.43 million shares so far in the session.

Sify Editors @ 10:30 AM
Buy Reliance Industries for medium term. Add at declines.

Sify Editors @ 10:10 AM
Biocon announces 1:2 bonus; Stock opens sharply lower, but rebounds to trim losses

Shares of leading biotech firm Biocon Limited are trading lower despite the company announcing a liberal 1:2 bonus issue. The stock declined more than 3% to Rs 1083.75 in early trades, but has recovered most of the lost ground thanks to support at lower levels.

At Rs 1110.50, the stock is now down 0.8% from its previous closing price.

The company announced after trading hours on Thursday that it posted consolidated net profit of Rs 135.4 crore in the quarter ended March 2017, up 75% compared to year-ago quarter's net profit of Rs 77 crore. The figures do not include the losses incurred due to fire at the Syngene unit.

Biocon reported revenues of Rs 974.3 crore for the January - March 2017 quarter, as compared to Rs 972.7 crore in the corresponding quarter of the previous year. The company said that its fourth quarter performance was impacted by the fire at Syngene.

For the full year ended March 2017, Biocon's net profit was Rs 612.1 crore, up 11.2% from a year ago. Consolidated revenues for the full year came in at Rs 4078.7 crore, an increase of 18% over the preceding financial year.

Although the result fell short of expectations there is something to cheer about for the company's shareholders, as its board declared a bonus of 2:1 (two shares for every share held). A final dividend of Rs 3 per share has been recommended as well.

In a regulatory filing, Biocon's Chairperson and Managing Director Kiran Mazumdar Shaw said that financial year 2017 was a landmark year wherein the company established its credibility as a global biosimilars player with the launch of Insulin Glargine pen in Japan and submission of five regulatory filings of our biosimilars in the developed markets of US and EU. Also, the company's Malaysia facility became operational with the Malaysian government's exclusive contract for Biocon's insulins, which expanded our footprint in emerging markets, she added.

Sify Editors @ 9:40 AM
Sensex down nearly 100 points as stocks open lower on weak global cues

Indian stocks opened on a weak note Friday morning, tracking a slightly negative trend in Asian markets. Wall Street closed higher overnight, but gains were just modest amid a slew of earnings reports and none too encouraging economic data.

The BSE benchmark Sensex, which declined to 29,908.16, is now at 29,932.57, down 97.17 points or 0.32% from its previous close. The Nifty50 of the National Stock Exchange is down 34.50 points or 0.37% at 9307.65, after declining to a low of 9300.05.

 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Industrial Finance C 31.80 29.75
Fortis Healthcare Lt 220.35 209.65
Federal Bank Ltd. 107.45 94.60
Jaiprakash Associate 13.63 13.55

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Federal Bank Ltd. 107.60 94.35
Industrial Finance C 31.70 29.10
South Indian Bank Lt 25.70 24.60
Adani Enterprises Lt 108.95 114.15
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 40212.00 Rs. 29711.23
Mumbai Rs. 40212.00 Rs. 30352.94
Delhi Rs. 40212.00 Rs. 29946.52
Kolkata Rs. 40212.00 Rs. 30149.73
Kerala Rs. 40212.00 Rs. 29304.81
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 %
Rasoi Ltd. 29000.00 96.39
SKM Egg P roducts Ex 77.50 91.81
Pearl Electronics Lt 73.60 82.42
Otco International L 35.00 78.49

monthly losers bse

Share
Company Name Current
Price
Change %
Bharat Electronics L 182.75 -739.95
Hubtown Ltd. 149.65 -663.75
Oripro Ltd. 36.60 -329.23
Max India Ltd. 158.55 -252.92

monthly gainers nse

Share
Company Name Current
Price
Change %
Indiabulls Securitie 110.60 61.84
Future Market Networ 82.80 61.29
Adani Ports & Specia 327.70 59.28
Akzo Nobel India Ltd 1963.30 56.09

monthly losers nse

Share
Company Name Current
Price
Change %
Bharat Electronics L 182.95 -738.21
Hubtown Ltd. 149.95 -656.45
Max India Ltd. 158.50 -255.96
PTL Enterprises Ltd. 43.15 -232.21

Bse top gainers

Share
Company Name Current Change
Dhunseri Investments 243.65 20.00
Coromandel Engineeri 64.00 19.96
Choice International 79.40 19.94
Transwarranty Financ 13.90 19.93

Bse top losers

Share
Company Name Current Change
Gyscoal Alloys Ltd 10.14 -19.97
IQMS Software Ltd. 15.75 -10.00
Modex International 26.55 -10.00
Shilpi Cable Technol 118.85 -10.00

Nse top gainers

Share
Company Name Current Change
Dhunseri Investments 244.50 20.00
Transwarranty Financ 13.85 19.91
Amtek Auto Ltd. 39.30 18.37
Federal Bank Ltd. 107.60 14.04

Nse top losers

Share
Company Name Current Change
Gyscoal Alloys Ltd 10.05 -19.92
Shilpi Cable Technol 119.50 -9.98
Ravi Kumar Distiller 13.20 -9.90
Supreme Petrochem Lt 391.85 -8.63
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17