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SENSEX - 27990.21    0.00 NIFTY - 8632.60    0.00  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 4:35 PM

Indian shares closed little changed on Tuesday as investors were cautious ahead of Federal Reserve Chair Janet Yellen's speech later this week at the gathering of central bankers in Jackson Hole, Wyoming, for further cues on U.S. interest rates.

The benchmark BSE Sensex ended 0.02 percent higher at 27,990.21, while the broader NSE Nifty closed up 0.04 percent at 8,632.60.

Sify Editors @ 4:15 PM
Sensex, Nifty end flat; Infosys, TCS move up

The Indian stock market ended flat on Tuesday, after a highly volatile session. While the overnight weak close on Wall Street and subdued Asian markets resulted in a subdued start and a subsequent weak spell for the Indian market, a steady trend in Europe pulled stocks out of the red in late afternoon trade.

Recent weak data on inflation and industrial production weighed on sentiment even as some interesting corporate news triggered some hectic buying in some top and second rung stocks.

The BSE benchmark Sensex ended up 4.67 points or 0.02% at 27,990.21, after scaling a low of 27,854.43 and a high of 28,028.98 intraday. The Nifty50 of the National Stock Exchange closed up 3.45 points or 0.04% at 8632.60. The Nifty touched a low of 8580.00 and a high of 8642.15 during the session.

Sify Editors @ 3:55 PM

Sensex ends just 4.67 points higher. Nifty 50 ends 3.45 points up with 24 advances and 27 declines.

Welspun India continued to reel, falling 19.98% to Rs 66.10. The stock Stock has been hit ever since its second biggest customer Target Corp said on Friday it was severing ties with Welspun India over a cotton supply dispute. Monday's 20% slump was its worst day since Jan 2008.


Sify Editors @ 3:30 PM
Idea Cellular
has spurted 7% amid reports that the company is in talks with Vodofone for a possible merger

Sify Editors @ 3:10 PM
Tata Power
(Rs 75) is down 3% on reporting a 76% decline in first quaarter net profit. One looking at short term can hold with a stop loss at Rs 70.

Sify Editors @ 2:50 PM
Reliance Infra hits highest in 3 weeks, completes Birla deal

Reliance Infrastructure Ltd gains as much as 3.2 pct to 609.90 rupees, highest in more than 3 wks.

Reliance Infra completes sale of its cement unit to Birla Corp Ltd.

Deal to sell the unit for 48 billion rupees (then $710 mln) was struck in Feb, as part of Reliance Infra's efforts to reduce debt.

Reliance Infra is an engineering and construction affiliate of billionaire Anil Ambani's Reliance Group conglomerate.

Birla shares were down 2.7 pct at 0450 GMT Tuesday.

Reliance Infra had risen nearly 68 pct over the past 12 months as of Monday's close.

Sify Editors @ 2:35 PM
After moving in a tight range for more than three hours, the market slipped a bit deeper into negative territory in mid afternoon trades today.

With recent disappointing data on inflation and industrial output hurting sentiment and not any positive triggers around from global markets to warrant significant buying, investors are mostly treading cautiously, reacting to first quarter results and other corporate news.

The Sensex is down by about 88 points or 0.31% at 27,898.07. The Nifty50 is at 8595.10, down 34.05 points or 0.4% from its previous close.

Sify Editors @ 2:20 PM
Indraprastha Gas hits record high after upbeat June quarter

Indraprastha Gas Ltd's shares rise as much as 6.6 pct to a record high of 777.70 rupees.

Stock heads for its 5th straight session of gains.

Co on Monday posted about 44 pct jump in June-qtr profit, ahead of market expectations.

Elara Securities expects co's CNG volume to pick up as more cars and taxis switch to CNG to operate in Delhi.

Brokerage raises TP to 875 rupees from 845 rupees, reiterates "buy" rating.

Indraprastha Gas shares had gained nearly 38 pct as of Monday's close, outperforming the S&P BSE Oil & Gas index which had risen 13 pct.

Sify Editors @ 1:50 PM
Buy Eicher Motors for medium term. Take modest exposure at current levels and add small lots at sharp declines.

Sify Editors @ 1:35 PM
IT stocks gain; Nifty IT index posts biggest pct gain in 3 weeks

Shares of Indian IT companies rise between 1.9 pct and 2.6 pct.

Nifty IT index rises as much as 1.82 pct, biggest pct gain in over 3 weeks.

Traders say stocks look attractive after recent correction.

Stocks have fallen about 8 pct since June 23, after the Brexit vote as IT majors left with little visibility on future projects.

All stocks except Just Dial trade higher.

HCL Technologies up 2.65 pct, Infosys up 2.06 pct, Tata Consultancy Services up 2.02 pct, Mindtree up 1.91 pct.

HCL Technologies, Infosys and TCS are top pct gainers on NSE index, which is down 0.08 pct.

Sify Editors @ 1:15 PM

The National Stock Exchange (NSE) on Tuesday has named four banks, including Citigroup and Morgan Stanley, to manage its planned initial public offering of shares next year.

The country's biggest bourse said in June it would file for a domestic initial public offering (IPO) by January 2017, and would also pursue one abroad.

Sify Editors @ 12:45 PM
Buy Reliance Industries. The stock is likely to see modest upside in the near term.

Sify Editors @ 12:25 PM
Buy Bajaj Finance for medium term. Add at declines.

Sify Editors @ 12:05 PM
Buy Bajaj Finance for medium term. Add at declines.

Sify Editors @ 11:35 AM

Sensex falters after modest recovery

The market, which briefly rebounded into positive territory after early weakness, faltered again due to lack of support at higher levels and is currently trading marginally down.

Weak global cues and a bit of uncertainty about GST roll out by April 2017 and recent weak inflation and industrial output data appear to be weighing on sentiment.

The Sensex is down 30.28 points or 0.11% at 27,955.26, after scaling a low of 27,928.63 and a high of 28,028.98. The Nifty50 of the National Stock Exchange, which recovered to 8635.85, is currently down 7.25 points or 0.08% at 8621.90.

GAIL is trading 1.5% up after the company signed a memorandum of understanding with Silicon Valley-based Bloom Energy to generate power with clean and reliable energy.

Sify Editors @ 10:55 AM

Oberoi Realty's target price has been raised by HSBC from Rs 250 to Rs 260. The stock is down Rs 2.50 at Rs 311 at the moment.

Sify Editors @ 10:15 AM

Deutsche Bank has made a big cut to Just Dial target price - bringing it down from Rs 1000 to Rs 600. It has though retained the buy rating on the stock

Sify Editors @ 9:45 AM

Good morning and welcome to our coverage of the markets on a morning when Asian shares inched ahead while oil fell for a second session on Tuesday, as investors awaited guidance on whether the Federal Reserve will raise US interest rates this year.

The whole world seems to have hushed ahead of comments from Fed Chair Janet Yellen at the central bank's annual meeting in Jackson Hole on Friday. Investors still doubt the stars will align for a hike anytime soon, so a hawkish tone from Yellen would challenge that equanimity.

"Ever so slowly, the market does seem to be reluctantly acknowledging the chorus of senior Fed speakers who have suggested recently that a 2016 rate hike is still quite probable and September is 'live'," wrote analysts at ANZ in a note.

"But in reality, the response has been very muted."

Sify Editors @ 4:10 PM

Indian shares fell on Monday as state-owned lenders retreated after Urjit Patel was named as the next central bank governor, which was seen as reducing the prospect of rate cuts in the near term and as continuing a push to aggressively clean up bad debt.

A deputy governor at the Reserve Bank of India (RBI) since 2013, Patel is due to replace outgoing RBI governor Raghuram Rajan on Sept. 4.

Patel headed a panel that recommended landmark changes to monetary policy in India, including a switch to inflation-targeting and the creation of a committee to set interest rates, and his views are seen as closely aligned to Rajan's.

Sify Editors @ 3:40 PM

The Indian stock market closed lower on Monday, after a highly lackluster session.

The Sensex ended down 91.46 points or 0.33% at 27,985.54.

The Nifty50 closed at 8629.15, down 37.75 points or 0.44%.

IT, automobile and metal stocks traded weak.

Oil, power and healthcare stocks too closed mostly lower.

Realty, bank, capital goods and FMCG stocks ended on a mixed note.

Midcap and smallcap stocks were mostly subdued.

The market breadth was negative.

Sify Editors @ 3:15 PM
Book some profits in NTPC and re-enter the counter on dips for medium term. Hold with a stop loss around Rs 150 if looking at near term.

Sify Editors @ 2:55 PM

Hold ITD Cementation with a stop loss at Rs 135 for near term. The stock is likely to rise to around Rs 165 - 170 in the near term.

Sify Editors @ 2:45 PM
With some front line stocks recovering from the day's lows on fresh buying support, the key indices Sensex and the Nifty50 have wiped off some losses this afternoon.

Global cues are mixed. While Asian markets ended on a mixed note, major European markets are trading higher after a steady start.

The Sensex, which declined to 27,918.05, is now down 61.70 points or 0.22% at 28,015.30. At 8639.10, around 25 points off the day's low of 8614.00, the Nifty50 is now down 27.80 points or 0.32% from its previous close.

Sify Editors @ 2:30 PM
Hold Larsen & Toubro and BHEL if looking for medium term gains. Fresh buying can be considered on dips.

Sify Editors @ 2:05 PM
Buy Federal Bank for medium term gains. Add at declines.

Sify Editors @ 1:45 PM
Indian shares fell on Monday as state-owned lenders retreated after Urjit Patel was named as the next central bank governor, which was seen as reducing the prospect of rate cuts in the near term and as continuing a push to aggressively clean up bad debt.

A deputy governor at the Reserve Bank of India (RBI) since 2013, Patel is due to replace outgoing RBI governor Raghuram Rajan on Sept. 4.

Patel headed a panel that recommended landmark changes to monetary policy in India, including a switch to inflation-targeting and the creation of a committee to set interest rates, and his views are seen as closely aligned to Rajan's.

As such traders expect Patel to keep the repo rate on hold at the RBI's next policy review on Oct. 4 after inflation accelerated to 6.07 percent in July, above the RBI's near-term target of 5 percent.

"Patel is more of an inflation-focused guy and effectively with the inflation rate going up, expectations of a deep rate easing have diminished", said Dhananjay Sinha, head of research at Emkay Global Financial Services.

The broader NSE index was down 0.5 percent at 8,622.95 as of 0720 GMT, after falling 0.07 percent in the previous session. The benchmark BSE index was 0.47 percent lower at 27,947.27.

The Nifty Bank index dropped 0.61 percent, with State Bank of India and Punjab National Bank falling 1 percent each. The Nifty PSU Bank index was down 0.8 percent.

Sify Editors @ 1:15 PM
Stay invested in Bharat Forge for medium term gains.

Sify Editors @ 12:55 PM
Buy Bata India for medium term. For short term, keep a stop loss around Rs 520.

Sify Editors @ 12:25 PM
ITC
is a good buy if one is looking at long term. Buy at declines.

Sify Editors @ 12:05 PM
Fortis Malar Hospitals hits the roof

Fortis Malar Hospitals Limited shares hit the roof this morning, rising 20% to Rs 68.50, buoyed by an announcement from Fortis Healthcare that its board has approved demerger of its diagnostics business into Fortis Malar Hospitals.

This move by the Fortis Group is to ensure independent growth of hospital as well as diagnostics business verticals.

Shares of Fortis Healthcare Limited started off on a firm note and rose to Rs 194.40, but retreated subsequently and slipped into negative territory. At Rs 186, the stock is now down by about 1%.

Before demerger, the Hospital business will be sold to Fortis Healthcare by way of a slump sale for a cash consideration of Rs 43 crore. After demerger, Fortis Malar Hospitals will be renamed SRL, which will include Diagnostics and Hospital business.


Sify Editors @ 11:40 AM
Shares of Indian state banks fall after Patel picked as new RBI Gov


Shares of Indian public-sector lenders fall after govt picks RBI Deputy Gov Urjit Patel as next governor.

Patel, seen by markets as being more hawkish, would continue Rajan's drive to clean up banks.

State Bank of India, Bank of Baroda, and Punjab National Bank down between 0.7 pct and 1.7 pct.

Patel will start his three-year term on Sept 4.

Sify Editors @ 11:20 AM
After a cautious and somewhat sluggish start, the Indian stock market has drifted lower this morning, with investors pressing sales at several counters, tracking weak global cues.

Healthcare, IT, telecom, automobile and metal stocks are mostly lower. Bank stocks are weak too, while realty and FMCG stocks are finding some support.

The Sensex is down 104.78 points or 0.37% at 27,972.22. The Nifty50 of the National Stock Exchange is down 38.40 points or 0.44% at 8628.50.

Sify Editors @ 11:00 AM
Buy State Bank of India at current levels and add more in small quantities at declines.

Sify Editors @ 10:40 AM
Buy Edelweiss Financial Services for the target price of Rs 118.

Sify Editors @ 10:20 AM
Hold NBCC with a stop loss around Rs 230 if looking at near term. Fresh buying for medium term can be considered at declines.

Sify Editors @ 10:00 AM
The Indian stock market opened on a subdued note Monday morning, with investors treading cautiously amid weak cues from Asian markets. The weak close on Wall Street last Friday amid concerns about U.S. interest rates is also weighing on sentiment.

Meanwhile, market analysts appear confident that the appointment of Dr Urdit Patel as the new Governor of the Reserve Bank of India will result in continuity in policies.

Th BSE benchmark Sensex, which opened flat at 28,088.07, rose to 28,143.28 subsequently and is currently up 16.86 points or 0.06% at 28,093.86. The Nifty50 of the National Stock Exchange is up 7.20 points or 0.08% at 8674.10, coming off a low of 8659.10.

In the forex market, the rupee weakened to 67.19 against the U.S. dollar, down 0.2% from its previous close of 67.06.

Sify Editors @ 9:30 AM
Buy Power Grid for the target price of Rs 204.
 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Nitesh Estates Ltd 13.89 13.89
Jaiprakash Associate 11.58 11.58
Oil & Natural Gas Co 238.30 238.30
SRS Real Infrastruct 14.42 14.42

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Jaiprakash Associate 11.55 11.55
India Cement Ltd. 140.10 140.10
Reliance Communicati 51.35 51.35
Idea Cellular Ltd. 101.00 101.00
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 31914.44 Rs. 45935.00
Mumbai Rs. 34181.82 Rs. 45935.00
Delhi Rs. 32299.47 Rs. 45935.00
Kolkata Rs. 32695.19 Rs. 45935.00
Kerala Rs. 31390.37 Rs. 45935.00
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 %
Jyoti Resins Ltd. 109.10 92.80
Pearl Agriculture Lt 133.00 92.50
Dwarikesh Sugar Indu 250.10 89.50
Medicamen Biotech Lt 176.50 89.24

monthly losers bse

Share
Company Name Current
Price
Change %
Signet Overseas Ltd. 30.00 -1182.67
Welspun India Ltd. 65.85 -1069.25
Tree House Education 34.55 -1030.54
Sarla Polyester Ltd. 59.70 -930.23

monthly gainers nse

Share
Company Name Current
Price
Change %
Allsec Technologies 268.65 94.60
Mangalam Drugs and O 160.95 90.40
Emmbi Polyarns Ltd. 125.55 88.81
Color Chips (India) 67.65 88.47

monthly losers nse

Share
Company Name Current
Price
Change %
Tree House Education 34.55 -1228.51
Kotak Gold Exchange 277.00 -819.37
Adani Enterprises Lt 74.45 -736.20
ABG Shipyard Ltd. 28.85 -591.33

Bse top gainers

Share
Company Name Current Change
Manappuram Finance L 86.55 151.97
Cholamandalam Invest 1086.60 68.52
Bajaj Finance Ltd. 10022.05 61.84
Florence Investech L 539.50 58.86

Bse top losers

Share
Company Name Current Change
IL&FS Engineering & 47.70 -28.70
Welspun Corp Ltd. 84.25 -20.97
Hubtown Ltd. 93.50 -13.98
Polaris Financial Te 185.00 -13.71

Nse top gainers

Share
Company Name Current Change
Bajaj Finance Ltd. 10040.65 1057.62
Maruti Suzuki India 4833.80 801.58
APL Apollo Tubes Ltd 970.95 508.94
Cholamandalam Invest 1088.50 498.57

Nse top losers

Share
Company Name Current Change
Hubtown Ltd. 95.40 -89.23
TV18 Broadcast Ltd. 39.45 -55.85
Jindal Stainless Ltd 24.95 -35.36
IL&FS Engineering & 47.90 -28.13
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17