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SENSEX - 27835.91    224.03 NIFTY - 8592.20    58.10  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 2:30 PM
The Sensex is down 89.85 points or 0.32 percent at 27970.09, and the Nifty down 18.15 points or 0.21 percent at 8632.15.

Sify Editors @ 2:05 PM

Shares of Natco Pharma Ltd rose as much as 7.34% to a record high of Rs 702.65. They are now up 4.95% at Rs 687.60.

Sify Editors @ 1:40 PM
Buy Oil India for the target price of Rs 405.

Sify Editors @ 1:20 PM
Buy Reliance Communications for the target price of Rs 55.

Sify Editors @ 1:00 PM
Monsanto India falls as parent pulls new GM cotton seed from India

Monsanto India down as much as 2.9 pct to 2,369.95 rupees.

Reuters reports U.S. parent company Monsanto Co, withdraws an application seeking approval for its next generation of genetically modified cotton seeds in India.

Step escalates a long-running dispute between New Delhi and the world's biggest seed maker.

Monsanto Co owns an about 72 pct stake in Monsanto India, which is the only publicly listed Monsanto entity outside the U.S.

Monsanto India rivals such as Kaveri Seed and Jain Irrigation Systems were up 2.2 pct and 0.7 pct on Thursday.

Sify Editors @ 12:30 PM
Indian shares edged up on Thursday, tracking gains in Asian stocks, but sentiment remained jittery a day before U.S. Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming.

The keynote speech at the global central bankers conference in Jackson Hole has traditionally been an event that Fed chiefs used to signal the direction of monetary policy. The U.S. central bank is currently seen as divided as to whether to raise interest rates at least once in 2016.

Gains were also capped on caution ahead of the expiry of derivatives contracts on Thursday.

"Because of a good rollover, we expect the close to be negative. Investors usually book profits ahead of big events, so a likelihood of that happening is higher today and tomorrow", said AK Prabhakar, head of research at IDBI Capital.

The benchmark BSE index was 0.24 percent higher at 28,129.67 as of 0521 GMT, while the broader NSE index was up 0.25 percent at 8,671.42.

Sify Editors @ 12:00 PM
Tata Global gains on reports firm mulls sale of China operations


Tata Global Beverages up as much as 3.8 pct to 145.50 rupees, highest since Aug 9.

Company exploring multiple options for China operations, including restructuring or sale, chairman Cyrus Mistry quoted as saying at annual shareholders meeting, as per media reports.

"For China, we are exploring different options, which could be restructuring or sale, but these are still in the exploration stage," Mistry was quoted as saying by Times of India.

Tata Global is in China via JV Zhejiang Tata Tea Extraction Co (ZTTECL), in which the Indian firm owns 70 pct stake.

Sify Editors @ 11:40 AM
Buy Tata Global Beverage for the target price of Rs 150.

Sify Editors @ 11:20 AM
Buy Tata Motors for the target price of Rs 530.

Sify Editors @ 11:00 AM
Buy Indraprastha Gas for the target price of Rs 785.

Sify Editors @ 10:45 AM
Gao Qi, a strategist at Bank of Nova Scotia in Singapore believes the US Fed might not layout a clear timeframe for rate hikes. "I don't think the Fed will want to introduce market volatility in the run-up to the G20 meeting and she might strike a more neutral stance on interest rate policy," he felt.

Sify Editors @ 10:07 AM
Trade in Welspun India resumes after the stock hit lower limit for the fourth day. The stock is trading 1.6 percent lower at Rs 58.60 at 10.06 am. Welspun has already said it is getting its full supply chain reviewed by an external agency.

Sify Editors @ 9:35 AM
Good morning and welcome to our coverage of the markets on a day when the Sensex has opened nearly 60 points up with 21 components in the green.

Sify Editors @ 4:15 PM

Sensex ends 70 points up

Despite suffering a couple of setbacks - the first one a little past noon and the next an hour later, the Indian stock market closed modestly higher on Wednesday, thanks to some short-covering at some counters ahead of August series derivatives expiry.

Global cues were mixed. While Asian markets mostly ended lower, major European markets opened on a positive note. Activity was stock specific.

The Sensex ended up 69.73 points or 0.25% at 28,059.94. The Nifty50 closed up 17.70 points or 0.21%.

In the forex market, the rupee was trading at 67.11 against the U.S. dollar around mid afternoon, down from its previous close of 67.06.

Oil and healthcare stocks were among the prominent gainers. Among the stocks in BSE oil & Gas index, Oil India moved up 4.2%, Indian Oil Corporation gained 4% ( on reports the company's board will meet later this month to consider a bonus proposal), Castrol advanced 2.2% and Hindustan Petroleum Corporation closed nearly 2% up. Petronet LNG, Reliance Industries, ONGC and BPCL also closed notably higher.

Among pharma stocks, Sequent spurted nearly 20%, JB Chemicals jumped 11%, Hikal gained 8%, Torrent Pharmaceuticals moved up 7.8%, Aurobindo Pharma (on strong results) gained 7% and IPCA Laboratories closed 6.4% up.

Sify Editors @ 3:45 PM
The Sensex has ended 69.73 points up at 28059.94, while the Nifty too has gained 17.70 points to close at 8650.30.

This on a day when Asian and world stock indices succumbed to profit-taking after reaching one-year highs earlier this month.

Investors around the world are grappling with the prospect of a US interest rate increase in the months ahead coming amid continued uncertainty about the strength of the global economy.

"As speculators play the dollar, global markets lack a clear direction," said Ipek Ozkardeskaya, senior market analyst at London Capital Group.

So, where do Indian investors plough their hard-earned earnings? PSUs, possibly.

"They are good strong companies, good balance sheets - no issues there," says Mahesh Patil, co-chief investment officer, Birla Sun Life Asset Management, which has $22 billion under management. "They had seen some pain due to the cyclical downturn. (But) I think public sector undertakings (PSUs) as a theme have the potential to re-rate."

Paras Adenwala, an investment manager for Capital Portfolio Advisors, meanwhile, felt "The Government's initiative to revitalise PSUs through policy and monetary measures, seems to have begun to bear fruit, especially within the energy and power segments."

Sify Editors @ 3:05 PM

Sensex up marginally; Pharma stocks edge higher


Thanks to support at lower levels, the market, which had suffered a setback a little past noon, is now slightly up in positive territory.

Still, with the undertone rather cautious, investors are largely refraining from indulging in any aggressive buying.

The Sensex is now up 13.30 points or 0.04% at 28,003.51. The Nifty50 is up marginally at 8635.80.

Maruti Suzuki is trading 2.7% up, thanks to a weaker yen. BPCL, Infosys, NTPC, Tata Power, ONGC and Zee Entertainment Enterprises are up 1% - 1.5%.

Sify Editors @ 2:25 PM
Buy Reliance Industries at sharp declines for medium term. Some gains are likely in the near term too..

Sify Editors @ 1:55 PM
Shares of Welspun India, one of the world's biggest textile makers, have slumped for the third day. The shares have now lost more than 42% of market value after Target Corp's decision to terminate business with the firm for passing off cheap sheets as premium Egyptian cotton escalated. Target 10 percent of the company's total business in the financial year through March, Welspun executives had previously confirmed.

Sify Editors @ 12:55 PM
Both the Sensex and Nifty crept up on Wednesday, led by drug maker Aurobindo Pharma Ltd after stellar quarterly results, but sentiment remained edgy as investors awaited further clues on whether the Federal Reserve will raise US interest rates this year.

Investors' attention now is on Fed Chair Janet Yellen's speech at the annual central bank symposium in Jackson Hole on Friday. They still doubt the stars will align for a hike anytime soon, so a hawkish tone from Yellen would challenge that view.

Reflecting the caution, Asian stocks consolidated recent gains on Wednesday, while oil prices slid after a surprise buildup in US crude stocks.

Sentiment was also muted ahead of the expiry of the derivative contracts on Thursday.

"If there is some indication that the US economy is in good shape and recovery is on track, then there could be some impact on Indian stocks but the market isn't expecting any immediate hike in US interest rates because of global economic uncertainty," said UR Bhat, managing director of Dalton Capital, a unit of UK investment management firm Dalton Strategic Partnership.

Aurobindo Pharma rose as much as 5.6 percent after the company on Tuesday reported a 24 percent rise in its June-quarter consolidated profit, boosted by higher sales.

Welspun India plunged about 10 percent and headed for its third straight fall, as the fallout from Target Corp's decision to terminate business with the firm for passing off cheap sheets as premium Egyptian cotton escalated.

Sify Editors @ 12:20 PM
Buy Bank of Baroda for medium term gains. Add in small quantities at declines.

Sify Editors @ 11:55 AM

Welspun India's shares, which had plunged 20 percent for a second day on Tuesday, continues its steep descent and were down by almost 10%. Welspun, one of the world's largest textile manufacturers, is facing the fallout from Target Corp's decision to terminate business with the firm for passing off cheap sheets as premium Egyptian cotton escalated. Target had said on Friday that it was severing ties with Welspun after its extensive investigation had confirmed that the Indian company, which purportedly used Egyptian cottons to make sheets and pillowcases sold to the retailer, substituted non-Egyptian cotton instead.

Sify Editors @ 11:00 AM
Idea Cellular falls, denies Vodafone merger talks report


Idea Cellular's shares down as much as 4 pct to 97 rupees after rallying on Tuesday on a media report that it was in merger talks.

India's No. 3 mobile phone carrier strongly denied on Tuesday a news report that it was in exploratory talks about a merger with larger rival Vodafone India.

Stock rose as much as about 8 pct to 102 rupees, highest in more than two weeks on Tuesday.

Nearly 3 mln shares traded in the first 15 mins of trade, more than a quarter of their 30-day avg volume.

Stock had fallen more than a third this year as of Monday's close.

Sify Editors @ 10:40 AM
Buy Titan at declines. For short term, hold with a stop loss around Rs 370.

Sify Editors @ 10:20 AM
Buy Infosys and add at declines for medium term. Some upside in the near term is not ruled out.

Sify Editors @ 10:00 AM
The Indian stock market opened on a cautious note Wednesday, with investors looking ahead to Federal Reserve Chair Janet Yellen, due later this week.

Wall Street ended marginally up overnight amid mixed economic data and Asian markets are mostly subdued today. Meanwhile, oil prices declined yesterday on the back of data showing a build-up in crude inventories and on news about a ballistic missile launch by North Korea.

The BSE benchmark Sensex, which advanced to 28,108.39, is currently at 28,039.73, up 49.52 points or 0.2% from its previous close. The Nifty50 of the National Stock Exchange is up 11.60 points or 0.13% at 8644.20, after rising to a high of 8661.05 earlier.

Sify Editors @ 9:15 AM
The Sensex opens flats

The market has opened firm ahead of August Futures and Options expiry tomorrow as global cues are supportive.

The Sensex is up 103.55 points or 0.4 percent at 28093.76 and the Nifty is up 15.90 points or 0.2 percent at 8648.50.




 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Welspun India Ltd. 54.40 59.30
Jaiprakash Associate 11.68 11.63
NCC Ltd. 83.95 72.95
IDBI Bank Ltd. 73.50 71.90

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Welspun India Ltd. 54.05 59.50
Industrial Developme 75.25 71.90
Jaiprakash Associate 11.65 11.60
GMR Infrastructure L 13.25 13.45
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 31625.67 Rs. 45040.00
Mumbai Rs. 33090.91 Rs. 45040.00
Delhi Rs. 32299.47 Rs. 45040.00
Kolkata Rs. 32823.53 Rs. 45040.00
Kerala Rs. 31229.95 Rs. 45040.00
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 %
Upper Ganges Sugar & 385.90 93.74
Jyoti Resins Ltd. 100.00 93.10
Dwarikesh Sugar Indu 238.65 92.67
Pearl Agriculture Lt 133.00 92.50

monthly losers bse

Share
Company Name Current
Price
Change %
Welspun India Ltd. 54.40 -1360.20
Signet Overseas Ltd. 29.95 -1172.29
Tree House Education 34.35 -1051.97
Sarla Polyester Ltd. 59.80 -919.82

monthly gainers nse

Share
Company Name Current
Price
Change %
Upper Ganges Sugar & 385.25 95.51
Uniply Industries Lt 197.45 94.30
Allsec Technologies 260.80 93.46
Dwarikesh Sugar Indu 238.40 92.24

monthly losers nse

Share
Company Name Current
Price
Change %
Tree House Education 34.30 -1210.50
Kotak Gold Exchange 278.00 -817.66
Adani Enterprises Lt 73.25 -754.81
ABG Shipyard Ltd. 28.95 -578.07

Bse top gainers

Share
Company Name Current Change
Manappuram Finance L 81.45 137.12
Florence Investech L 667.10 96.44
Cholamandalam Invest 1110.00 72.15
Bajaj Finance Ltd. 10280.70 66.02

Bse top losers

Share
Company Name Current Change
Max India Ltd. 163.45 -68.74
IL&FS Engineering & 47.30 -29.30
Welspun Corp Ltd. 83.25 -21.90
Hubtown Ltd. 92.00 -15.36

Nse top gainers

Share
Company Name Current Change
Bajaj Finance Ltd. 10289.65 1086.33
Maruti Suzuki India 4933.70 820.21
APL Apollo Tubes Ltd 979.00 513.99
Cholamandalam Invest 1104.30 507.26

Nse top losers

Share
Company Name Current Change
Hubtown Ltd. 92.35 -89.57
Max India Ltd. 163.50 -68.77
TV18 Broadcast Ltd. 40.30 -54.90
Jindal Stainless Ltd 24.80 -35.75
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17