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Live Market commentary

Live Markets Commentary
Sify Editors @ 4:20 PM
Sensex falls on border tensions; Tata Motors rallies

The NSE Nifty posted its fourth session of losses in five on Wednesday as investors were unnerved by border tensions with Pakistan and on the expiry of derivatives contracts this week.

The Nifty closed 0.27 percent lower at 9,360.55, while the benchmark BSE Sensex ended down 0.21 percent at 30,301.64.

However, Tata Motors Ltd rose 4.2 percent after posting better-than-expected earnings late on Tuesday.

Sify Editors @ 3:25 PM
India's Lupin Q4 net profit halves

Lupin Ltd, India's second-largest drugmaker by sales, reported that its quarterly net profit nearly halved from a year ago, coming in well below analysts' expectations as sales slumped in its largest market the United States.

The Mumbai-based company reported a net profit of 3.80 billion rupees ($58.63 million) for the fourth quarter ended March, versus 7.48 billion rupees a year ago. This was significantly below an average estimate of 6.45 billion rupees from 24 analysts polled by Thomson Reuters.

Analysts expect the company to have lost market share to competitors in its key diabetes drugs portfolio in the United States over the quarter.

Sify Editors @ 3:10 PM
Sensex headed for another weak close; Metal, bank stocks down sharply

With the mood staying a bit bearish, several stocks from across various sectors continue to languish in the red and the key indices Sensex and the Nifty50 look headed for their third successive close in negative territory.

A weak trend in global markets and concerns over tensions across the Line of Control where the Indian army conducted a few artillery raids yesterday, weigh on sentiment.

The Sensex is down 74 points or 0.23% at 30,291.25, off the day's low of 30,247.60. The Nifty50 of the National Stock Exchange is down 34.95 points or 0.4% at 3351.50.

Sify Editors @ 2:50 PM
Bajaj Electricals rises 5% on good volumes

Bajaj Electricals spurted to Rs 342.90 around mid morning today after opening on a firm note. Despite paring some gains subsequently, the stock remains well entrenched in positive territory now at Rs 330, up 5% from its previous closing price.

On BSE, around 1.18 lakh shares have changed hands so far at the Bajaj Electricals counter today, as compared to average daily volume of around 30,000 shares in the last two weeks. On the National Stock Exchange, the counter has clocked a volume of nearly 6.1 lakh shares so far today.

The board of directors of Bajaj Electricals Limited will meet on Monday, 29 May 2017 to consider amongst other matters, Annual Accounts for the year ended on 31 March 2017, recommendation of Dividend, if any, and audited financial results for the fourth quarter and the year ended 31 March 2017.

During the third quarter, the company achieved sales/income from operations of Rs 1055.09 crore as against Rs 1135.17 crore during the third quarter of the previous year, a decrease of 7.1%.

Profit before tax and Profit after tax for the quarter stood at Rs 45.16 crore and Rs 29.71 crore respectively, as against Rs 57.20 crore and Rs 36.00 crore in the corresponding quarter of the previous year. During the nine months ended 31 December, 2016, the company achieved sales/income from operations of Rs 3020.20 crore as against Rs 3262.72 crore, a decrease of 7.4% over the corresponding period of the previous year. Profit before tax and Profit after tax stood at Rs 107.72 crore and Rs.69.24 crore respectively, as against Rs 122.71 crore and Rs 75.10 crore in the corresponding period of the previous year.

During the third quarter, the company's consumer products segment achieved total revenue of Rs 589.54 crore, registering a de-growth of 14.6%. Engineering and Projects Segment, on the other hand, registered growth of 4.6% with a total revenue of Rs 465.40 crore as against Rs 444.88 crore in the corresponding quarter of the previous quarter.

Sify Editors @ 2:20 PM
BEML postpones board meeting by a week; Stock down nearly 4%

Shares of state-run Bharat Earth Movers Limited are down nearly 4% after the company postponed its board meeting to 30 May 2017.

In a filing to the stock exchanges, the company said that the meeting which was originally scheduled on 26 May 2017 and preponed to 25.05.2017, to consider and approve the audited financial results for fourth quarter and financial yar ended 31.3.2017, stands postponed due to administrative reasons to Tuesday, the 30th May 2017.

The stock declined to a low of Rs 1145.75 earlier this afternoon and is currently down 3.7% at 1154. On BSE, the BEML counter has clocked a volume of 2.41 lakh shares so far in the session, more than ten times the average daily volume in the past couple of weeks. On the National Stock Exchange, the BEML counter has clocked a volume of around 2.23 lakh shares so far in the session.

The stock, which was hovering around Rs 770 in late November 2016, nearly doubled over the next five months to hit a high of Rs 1440 (on 27 April 2017).

Sify Editors @ 1:50 PM
Voltas hits record high on Q4 profit beat

Shares of Voltas Ltd rise as much as 10 pct to a record high of 450.80 rupees; posts biggest intraday pct gain since May 22, 2015.

Company posted a 22 pct jump in Q4 consolidated profit on Tuesday, beating analysts' estimates.

Sales growth from unitary cooling products such as air conditioners was stronger than expected, analysts at Nomura write.

About 7.2 mln shares traded by 0429 GMT, nearly six times the stock's 30-day avg.

As of Tuesday's close, stock gained about 25 pct this year.

Sify Editors @ 1:20 PM
Tata Motors rises on Q4 profit beat

Tata Motors Ltd climbs as much as 5.1 pct to 473.35 rupees, its highest since April 12.

Company's March-qtr profit beats analysts' estimate.

Nomura analysts expect strong demand for new JLR models to drive up volumes; also see EBITDA margins for Tata Motors to improve in FY18 and FY19.

Stock posts biggest intraday pct gain since Dec 13, 2016.

Stock top gainer on NSE index.

About 12 mln shares change hands versus 30-day average volume of 5.7 mln.

Sify Editors @ 12:55 PM
Hold Dabur India and Godrej Consumer Products if looking at medium term. Fresh buying can be considered at declines.

Sify Editors @ 12:25 PM
Essel Propack reports 19% jump in Q4 Net profit; Stock retreats after early gains

The Board of Directors of Essel Propack Ltd at its meeting held on May 23, 2017, has recommended Dividend of Rs. 2.40 for per equity share of Rs. 2 each

for the financial year 2016-17, for approval at the ensuing Annual General Meeting.

Shares of packaging firm Essel Propack Limited advanced to Rs 256 this morning, but gave up gains subsequently due to lack of support at higher levels. The stock is currently down marginally at Rs 251.

The company reported a 19.03% rise in consolidated net profit to Rs 46.09 crore in the fourth quarter ended March 2017, over a net profit Rs 38.72 crore it had recorded in the year-ago quarter. Total income increased to Rs 640.01 crore for the quarter ended March 2017, from Rs 580.73 crore in the year ago period.

Sify Editors @ 11:30 AM
Jubilant Life Sciences is up 12% on buoyant rezults. The company 's consolidated net profit spurted 1272.3% to Rs 149.03 crore on 7% growth in net sales to Rs 1565.79 crore in the January - March 2017 quarter over year-book quarter. More upside is likely.

Sify Editors @ 10:45 AM
(Rs 447) has jumped nearly 10% today on strong results. Hold the stock as more upside is likely in the near to medium term.

Sify Editors @ 9:30 AM
Sensex up 84 points after steady start; Tata Motors rises on better-than-expected results

The Indian stock market is slightly higher Wednesday morning, with investors indulging in some buying in early trades, tracking fairly positive global cues and better-than-expected results from automobile major Tata Motors.

Expectations of good monsoon rains too contribute to the positive sentiment in the market. The Met department has predicted the onset of the monsoon in Kerala on May 30, but said the seasonal rainfall may arrive a day earlier.

The BSE benchmark Sensex is up 84.05 points or 0.28% at 30,449.30, after advancing to a high of 30,497.96. The Nifty50 of the National Stock Exchange, which rose to 9416.00, is now up 25.35 points or 0.26% at 9411.50.

In the forex market, the rupee opened at 64.91 against the U.S. dollar, down slightly from its previous close of 64.89.

Tata Motors rallied to Rs 473.35 in early trades and is currently at Rs 467.40, up 3.7% from its previous close. Tata Motors DVR is up nearly 4% at Rs 275.30. Tata Motors net profit in the fourth quarter, at Rs 4336 crore, was down 16.8% from its net profit of Rs 5211 crore in the year-ago quarter. Revenue declined 2.9% to Rs 77,272 crore in the January - March 2017 quarter. Losses at its Indian business partially offset a surge in sales at its British luxury unit Jaguar Land Rover. Tata Motors’ profit was still better than what the market had expected.


volume toppers bse

Company Name Current
Suzlon Energy Ltd. 18.90 19.75
Reliance Communicati 25.85 28.00
Sintex Industries Lt 104.35 104.40
Spicejet Ltd. 99.95 104.75

volume toppers nse

Company Name Current
Suzlon Energy Ltd. 18.85 19.75
Reliance Communicati 25.90 28.00
Sintex Industries Lt 104.10 104.60
GMR Infrastructure L 14.55 15.90
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 42400.00 Rs. 29689.84
Mumbai Rs. 42400.00 Rs. 30395.72
Delhi Rs. 42400.00 Rs. 30053.48
Kolkata Rs. 42400.00 Rs. 30032.09
Kerala Rs. 42400.00 Rs. 28983.96
Buy/Sell Advice Share
Source Company Action
Firstcall Grasim Industries Buy
ICICIDirect Cipla Buy
ICICIDirect ACC Sell

monthly gainers bse

Company Name Current
Change %
Otco International L 34.90 82.23
Orient Bell Ltd. 234.90 81.46
Pearl Electronics Lt 72.00 81.03
Bombay Polymers Ltd. 25.85 72.07

monthly losers bse

Company Name Current
Change %
Hubtown Ltd. 142.95 -663.10
Shilpi Cable Technol 44.90 -386.53
Max India Ltd. 146.40 -286.71
Bhagyashree Leasing 39.75 -184.03

monthly gainers nse

Company Name Current
Change %
Indiabulls Securitie 133.75 63.33
Webel SL Energy Syst 127.20 61.71
Future Market Networ 77.85 51.45
Indiabulls Real Esta 159.80 49.31

monthly losers nse

Company Name Current
Change %
Hubtown Ltd. 143.20 -654.16
Shilpi Cable Technol 45.05 -380.91
Max India Ltd. 146.60 -289.73
Gallantt Ispat Ltd 216.05 -91.81

Bse top gainers

Company Name Current Change
Kesar Enterprises Lt 102.00 20.00
Electro Therm (I) Lt 236.75 19.99
Sunstar Realty Devel 52.70 19.64
CIL Securities Ltd. 25.95 17.42

Bse top losers

Company Name Current Change
TV18 Broadcast Ltd. 33.35 -20.60
IL&FS Engineering & 47.00 -18.19
Great Offshore Ltd. 12.00 -13.36
Sathavahana Ispat Lt 41.00 -12.21

Nse top gainers

Company Name Current Change
Kesar Enterprises Lt 100.80 20.00
Electro Therm (I) Lt 237.75 19.98
Future Market Networ 77.85 9.96
Indo Thai Securities 33.95 9.87

Nse top losers

Company Name Current Change
TV18 Broadcast Ltd. 33.35 -22.89
IL&FS Engineering & 46.65 -18.59
Great Offshore Ltd. 11.95 -13.09
Sathavahana Ispat Lt 41.15 -11.51
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17