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SENSEX - 29943.24    287.40 NIFTY - 9306.60    88.65  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 4:45 PM
Sensex ends 287 points up; Nifty50 ends at record high

Strong global cues and better-than-expected fourth quarter results from Reliance Industries set up a buoyant start for Indian stocks, and as buying gathered momentum as the session progressed, it turned out to be pretty good session for the market.

Reliance Industries gave up early gains and ended just modestly higher, but the overall mood was so bullish that the market quite easily sailed to an upbeat close. The rupee's strength, improved sentiment in global markets following the results of the first round of French presidential election that resulted in a victory for markets favourite Emmanuel Macron, aided the rally.

The National Stock Exchange's Nifty50 recorded a new all-time high, rising to 9309.20, and ended the day not far off that mark, at 9306.60, gaining 88.65 points or 0.96%. The BSE benchmark Sensex ended up 287.40 points or 0.97% at 29,943.24, slightly off the day's high of 29,961.82.

In the forex market, the rupee was trading at 64.28 against the U.S. dollar, up 15 paise from its previous close.

Telecom, FMCG, automobile, bank, oil and realty stocks posted strong gains. Metal, power, capital goods and healthcare stocks too attracted buyers. Information technology stocks were mostly subded, weighed by H1-B concerns and disappointing results from sector majors.

Mahindra & Mahindra ended 3.4% up. Hero Motocorp gained nearly 3%, Bajaj Auto advanced 1.3% and Maruti Suzuki added 0.4%, while Tata Motors edged up marginally.

Sify Editors @ 3:15 PM
BHEL (Rs 178) is poised for fairly good upside in the medium term. The company's pretty strong order book will help keep buying momentum in place.

The company has bagged new orders worth Rs 10,000 crore for 1320 MW Super Thermal Power Project in Bangladesh.

Sify Editors @ 2:35 PM
Buy Exide Industries (Rs 234) at declines. For near term, keep a stop loss around Rs 210.

Sify Editors @ 2:05 PM
Wendt (India) Limited shares rose to Rs 2360 on strong results. The company reported a near 27% jump in consolidated net profit in the fourth quarter, as compard to corresponding quarter last financial year.

The stock has pared most of its gains, but those looking at medium or long term can stay invested and use sharp declines to increase exposure.

Sify Editors @ 1:45 PM
Sensex moves higher as stocks extend gains

With the bulls staying quite agressive and lapping up stocks from across various sectors, the market, which opened on a bright note this morning, has moved further up north now.

The Sensex is up 215 points or 0.7% at 29,870.84, slightly off the day's high of 29,891.92. The Nifty50 of the National Stock Exchange, which rose to 9289.95, is now up 70 points or 0.77% at 9287.95.

Mahindra & Mahindra, the top gainer in the Sensex, is up 3.4% at Rs 1307. Bharti Airtel is rising 3.1% and Hero Motocorp is up 2.5%. Reliance Industries is up 1.8%, Power Grid Corporation is trading 1.6% up and Asian Paints is gaining 1.5%.

ITC, ICICI Bank, HDFC, Bajaj Auto and Tata Steel are up 1% - 1.4%. Dr Reddy's Laboratories, Hindustan Unilever, Larsen & Toubro, State Bank of India and Axis Bank are also trading higher.

Sify Editors @ 1:00 PM
Jain Irrigation Systems rose to a fresh high this morning on reports the stock exchange has revoked the ban on trades of futures and options contracts of the company.

The stock spurted to Rs 119.80 on the National Stock Exchange, a fresh yearly high, and is now trading at Rs 116.50, up 4.5% from its previous closing price.

Sify Editors @ 12:15 PM
Biocon looks good for more upside. Results are expected to be good. The stock is up following the company scheduling a meeting to consider bonus issues of shares. Stay invested in the stock.

Sify Editors @ 11:40 AM
Indiabulls Housing Finance hits new high on strong results, fund raising plans

Indiabulls Housing Finance vaulted to a fresh record high of Rs 1042.70 on BSE (Rs 1040 on NSE) Tuesday morning, with strong fourth quarter results from the company attracting investors to the counter.

After trading hours on Monday, Indiabulls Housing Finance announced that it posted consolidated net profit of Rs 840.53 crore in the quarter ended March 2017, up 24.4% from year-ago quarter. Total income rose 21.8% to Rs 3224.86 crore in the fourth quarter, the company said.

The borad of directors of the company declared interim dividend of Rs 9 per share for the year ended March 2017. Further, the board authorised the company to issue secured non-convertible debentures and unsecured redeemable, non-convertible subordinate debt in the nature of debentures upto Rs 25,000 crore and Rs 2000 crore respectively, on private placement basis, in one or more tranches, from time to time.


Sify Editors @ 10:50 AM
Biocon spurts as company fixes board meet to consider bonus issue

Shares of biotechnology major Biocon Limited are on song this morning, with an announcement from the company that its board of directors will meet on 27 April 2017 to consider a bonus proposal.

The board will also decide on the quantum of final dividend, if any, for financial year 2016-17.

On BSE, the Biocon counter has clocked a volume of over 1.7 lakh shares so far in the session, five times the average daily volume seen at the counter. On the National Stock Exchange, more than 1.6 million shares have changed hands so far at the Biocon counter this morning.

Sify Editors @ 10:10 AM
Rallis reports drop in earnings; Stock down 3.2%

Shares of agro-chemicals major Rallis India Limited are down sharply following the company reporting an 8.8% decline in consolidated net profit for the January - March 2017 quarter.

The company announced on Monday that it posted consolidated net profit of Rs 31 crore in the March 2017 quarter, down from Rs 34 crore it had recorded in the year-ago quarter.

Rallis registered revenues of Rs 367 crore for the quarter ended 3ld Morch 2017, down slightly from Rs 371 crore in the year-ago quarter. Total comprehensive income wos Rs 32 crore in the fourth quarter, down from year-ago priod's income of Rs  35 crore.

On standalone basis, Rallis registered revenues of Rs 346 crore in the quarler ended March 2017 . Profit before tax (before exceptionol items) was Rs 43 crore and Total Comprehensive income wos Rs 33 crore.

Sify Editors @ 9:25 AM
Sensex up 162 points on strong global cues, buoyant RIL results

The Indian stock market is notably higher Tuesday morning, extending previous session's gains on positive global cues and on buoyant quarterly results from Reliance Industries Limited.

The BSE benchmark Sensex is up 161.60 points or 0.55% at 29,817.44, slightly off a high of 29,841.39 it had touched earlier. The Nifty50 of the National Stock Exchange, which rose to 9279.80, is up 43.20 points or 0.47% at 9261.15.

In the forex market, the rupee opened at 64.42 against the U.S. dollar, up marginally from its previous close of 64.44 a dollar.

Reliance Industries is trading 2% up at Rs 1444, after having spurted to Rs 1465 at the start. Reliance Industries reported consolidated net profit of Rs 8046 crore for the quarter ended March 2017, up 16.6% compared to year-ago quarter. Turnover was up 45.2% at Rs 92,889 crore in the fourth quarter. Increase in prices of refining and petrochemical products helped lift revenues in the March 2017 quarter and stellar growth in retail business contributed to the surge in turnover. Reliance Industries' gross refining margin increased to $11.5 per barrel in the fourth quarter, up from $10.8 per barrel in the previous quarter as well as the year-ago quarter.


 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Suzlon Energy Ltd. 20.80 20.00
Indiabulls Real Esta 158.10 152.05
Welspun Corp Ltd. 84.85 81.90
Centrum Capital Ltd. 51.70 52.75

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Suzlon Energy Ltd. 20.80 20.00
GMR Infrastructure L 17.85 18.25
Cairn India Ltd. 285.35 283.05
Sesa Goa Ltd. 235.35 231.75
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 42731.00 Rs. 29871.66
Mumbai Rs. 42731.00 Rs. 30652.41
Delhi Rs. 42731.00 Rs. 30320.86
Kolkata Rs. 42731.00 Rs. 30631.02
Kerala Rs. 42731.00 Rs. 29679.14
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. 28551.00 99.10
SKM Egg P roducts Ex 78.50 93.63
Pearl Electronics Lt 73.60 88.25
Sterlite Technologie 152.60 83.29

monthly losers bse

Share
Company Name Current
Price
Change %
Bharat Electronics L 180.35 -742.47
Oripro Ltd. 36.60 -329.23
Hubtown Ltd. 130.00 -302.62
Kushal Tradelink Ltd 150.05 -199.67

monthly gainers nse

Share
Company Name Current
Price
Change %
Maruti Suzuki India 6337.20 88.47
Sterlite Technologie 152.60 83.45
K E C International 218.70 79.54
Jubilant Life Scienc 801.00 79.20

monthly losers nse

Share
Company Name Current
Price
Change %
Bharat Electronics L 180.25 -757.14
Hubtown Ltd. 130.05 -303.00
PTL Enterprises Ltd. 47.00 -194.26
Gallantt Ispat Ltd 238.00 -96.13

Bse top gainers

Share
Company Name Current Change
Mukand Engineers Ltd 60.90 20.00
Lokesh Machines Ltd. 100.80 20.00
Triton Valves Ltd. 1565.80 20.00
TCI Developers Ltd 444.10 19.99

Bse top losers

Share
Company Name Current Change
James Hotels Ltd. 20.00 -13.04
Ideal Optics Ltd. 158.05 -10.98
Mathew Easow Researc 28.40 -9.98
Sequel e-Routers Ltd 26.90 -8.66

Nse top gainers

Share
Company Name Current Change
Lokesh Machines Ltd. 101.40 20.00
Welspun Investments 108.00 20.00
TCI Developers Ltd 453.40 19.99
Mukand Engineers Ltd 60.35 19.98

Nse top losers

Share
Company Name Current Change
Rollatainers Ltd. 10.60 -9.79
Onward Technologies 86.55 -8.46
Excel Infoways Ltd. 35.00 -6.67
JHS Svendgaard Labor 55.15 -6.21
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17