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SENSEX - 25606.62    3.52 NIFTY - 7849.80    2.55  

Live Market commentary


Live Markets Commentary

Sify Editors @ 4:40 PM
A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), provisionally closed Friday's trade flat at 3.52 points or 0.01 percent up.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) provisionally closed flat at 2.55 points or 0.03 percent up at 7,849.80 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 25,612.91 points, provisionally closed at 25,606.62 points (at 3.35 p.m.), higher 3.52 points or 0.01 percent from the previous day's close at 25,603.10 points.

The Sensex touched a high of 25,755.43 points and a low of 25,424.03 points in the intra-day trade.

Sify Editors @ 4:25 PM

After a cautious start and a subsequent upmove, the Indian stock market slipped into negative territory around early afternoon and despite staging a good recovery ended on a flat note today.

Weakness in global markets amid uncertainty about near term economic outlook, a few disappointing earnings reports from India Inc and a lack of positive triggers rendered price movements quite sluggish almost right through the session.

The BSE benchmark Sensex ended up 3.52 points or 0.01% at 25,606.62, after sclaing a high of 25,755.43 and a low of 25,424.03 intraday. The Nifty50 of the National Stock Exchange closed at 7849.80, gaining 2.55 points or 0.03%, after touching a high of 7889.05 and a low of 7788.70 during the session.

Sify Editors @ 3:40 PM
Key Indian stock indices Sensex and the Nifty50 ended flat after swinging between gains and losses amid lackluster trades today.

The Sensex ended at 25,606.62, up 3.52 points or 0.01%.

The Nifty50 closed at 7849.80, up 2.55 points or 0.03%.

Realty, healthcare and power stocks moved up.

Telecom stocks declined.

Bank, automobil, metal, oil and IT stocks ended on a mixed note.

Midcap and smallcap stocks were subdued.

Sify Editors @ 3:20 PM
After declining a bit sharply and hitting the day's low, the market has bounced back into positive territory with select blue chips moving up on some brisk buying in the closing minutes.

The Sensex is up 8.55 points or 0.03% at 25,611.65. The Nifty50 is up 7 points or 0.09% at 7854.25.

Lupin, Cipla, HDFC Bank, Adani Ports and Maruti Suzuki are up 1.5% - 2%. Axis Bank, NTPC, Sun Pharmaceutical Industries, Tata Steel, Coal India, HDFC and ONGC are also trading higher.

Sify Editors @ 2:55 PM
Buy UPL (Rs 534) at current levels and add more at declines for medium term.

Sify Editors @ 2:35 PM
Cummins India
looks set for some good upside. Hold with a stop loss around Rs 865.

Sify Editors @ 2:20 PM
ICICI Bank shares are down sharply this afternoon, with the counter seeing some heavy selling post announcement of quarterly results. The broad market remains weak as well, with weakness in global markets weighing on sentiment.

ICICI Bank has reported a net profit of Rs 701.89 crore for the quarter ended March 2016, down 76% from the net profit of Rs 2922 crore in the year-ago quarter. Total income increased 14.51% to Rs 18,590.86 crore in the fourth quarter.

The sharp decline in profit is due to heavy contingency provisioning (Rs 3330 crore) during the quarter. That was up 17% from a provision of Rs 2844 crore the bank had made in the preceding quarter.

Sify Editors @ 1:50 PM
India's stock markets fell on Friday as ICICI Bank slumped more than 2 percent after reporting its smallest quarterly profit in nearly a decade, as indexes headed for their first weekly decline in three after disappointing quarterly results.

ICICI Bank, India's second-biggest private sector lender by assets, declined 2.5 percent as its fourth-quarter net profit lagged estimates after provisions for bad loans jumped.

However, analysts said the overall March-quarter earnings weren't as bad as the market had initially feared. Cement makers such as ACC and Ambuja Cements rose 1 percent each after posting an increase in cement sales volume for the March quarter.

Sify Editors @ 1:40 PM

Hold Reliance Power with a stop loss around Rs 45. Buy on dips for long term.

Sify Editors @ 1:25 PM
After moving in a tight band around previous closing levels for nearly a couple of hours, the benchmark indices Sensex and the Nifty50 have dropped down a bit sharply this afternoon following a fresh round of selling at several front line counters.

The weak close in Asian markets and notably lower European markets amid worries about the outlook for the global economy appear to have triggered the sell-off.

The Sensex is down 117.26 points or 0.46% at 25,485.84, around 40 points off the day's low of 25,445.74. The Nifty50, which declined to 7795.00, is currently at 7806.25, down 41 points or 0.51% from its previous close.

Sify Editors @ 1:01 PM
Buy Indian Hotels (Rs 104) at declines. For near term, hold with a stop loss at Rs 100.

Sify Editors @ 12:40 PM
Hold KPIT Technologies (Rs 160) with a stop loss around Rs 145 for near term. Long term investors can buy the stock at declines.

Sify Editors @ 12:25 PM
Buy Godrej Properties (Rs 335) if it edges up to Rs 445 and displays some strength there. A rise to Rs 375 is likely.

Sify Editors @ 12:00 PM
The Indian stock market is trading slightly higher past mid morning, having bounced back smartly after a weak start. Activity is mostly stock specific with quarterly earnings reports setting the trend.

After yesterday's sharp fall following global central banks not coming out with additional stimulus, the mood is quite cautious on the Indian bourses, mirroring the trend across the globe.

The Sensex is up 51.71 points or 0.2% at 25,655.81. The Nifty50 of the National Stock Exchange is up 11.80 points or 0.16% at 7859.05.

Sify Editors @ 11:30 AM
Stay invested in housing finance stocks HDFC and LIC Housing Finance. Use sharp declines to increase exposure for medium term.

Sify Editors @ 10:45 AM
Buy ACC at declines. Once infrastructure projects get approved and gather steam, demand for cement will shoot up, resulting in higher revenue for firms like ACC, Ambuja Cements and UltraTech Cement.

Sify Editors @ 10:25 AM
Buy Lupin for near to medium term gains. Hold with a stop loss near Rs 1525.

Sify Editors @ 9:45 AM

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading 54.58 points or 0.21 percent lower during the morning session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading three points or 0.04 percent lower at 7,844.25 points.

The Sensex of the BSE, which opened atA25,612.91 points was trading at 25,548.52 points (at 9:15 am) in the early session, down 54.58 points, or 0.21 percent from the previous day's close at 25,603.10 points.

Sify Editors @ 9:15 AM
The Indian stock market opened lower this morning, extending recent losses on weak global cues.

Disappointment over the Japanese central bank's decision to not provid additional stimulus renewed concerns about global economy and weighed on sentiment.

The BSE benchmark Sensex is down 7.28 points or 0.03% at 25,595.82, after having rallied to 25,618.87 from an early low of 25,529.59. The Nifty50 of the National Stock Exchange is down 3.75 points or 0.05% at 7843.50, after declining to a low of 7821.80 in opening trades.


volume toppers bse

Company Name Current
Suzlon Energy Ltd. 14.99 14.99
NHPC Ltd. 20.65 20.65
Spicejet Ltd. 74.00 74.00
ICICI Bank Ltd. 236.60 236.60

volume toppers nse

Company Name Current
ICICI Bank Ltd. 236.95 246.75
Suzlon Energy Ltd. 14.95 20.95
NHPC Ltd. 20.65 20.60
Jindal Steel & Power 69.80 83.95
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 30695.19 Rs. 42590.00
Mumbai Rs. 31721.93 Rs. 42590.00
Delhi Rs. 30588.24 Rs. 42590.00
Kolkata Rs. 31219.25 Rs. 42590.00
Kerala Rs. 30053.48 Rs. 42590.00
Buy/Sell Advice Share
Source Company Action
Firstcall Grasim Industries Buy
ICICIDirect Cipla Buy
ICICIDirect ACC Sell

monthly gainers bse

Company Name Current
Change %
Mold-Tek Plastics Lt 74.80 401.74
P I Drugs & Pharmace 148.55 221.81
Tide Water Oil Compa 6153.00 221.65
Vivimed Labs Ltd. 84.40 219.31

monthly losers bse

Company Name Current
Change %
Signet Overseas Ltd. 33.05 -802.12
Elpro International 28.50 -787.54
Sarla Polyester Ltd. 64.10 -772.54
SMS Pharmaceuticals 94.55 -659.07

monthly gainers nse

Company Name Current
Change %
Welspun India Ltd. 99.95 513.41
Tide Water Oil Compa 6171.20 207.11
Pioneer Distilleries 130.35 203.15
Alpa Laboratories Lt 31.10 173.31

monthly losers nse

Company Name Current
Change %
Tata Coffee Ltd. 91.20 -1000.99
Corporation Bank 38.55 -901.04
Kotak Gold Exchange 268.65 -876.51
Kansai Nerolac Paint 285.60 -721.62

Bse top gainers

Company Name Current Change
Cholamandalam Invest 799.90 24.05
Hero MotoCorp Ltd. 2901.30 17.48
Manappuram Finance L 40.00 16.45
Bajaj Finance Ltd. 6832.20 10.33

Bse top losers

Company Name Current Change
IL&FS Engineering & 47.00 -29.75
Texmaco Infrastructu 30.20 -26.96
Jindal Stainless Ltd 16.95 -22.78
Allcargo Global Logi 154.95 -15.81

Nse top gainers

Company Name Current Change
Bajaj Finance Ltd. 6829.10 687.35
Maruti Suzuki India 3794.65 607.76
Dabur Pharma Ltd. 791.00 496.98
APL Apollo Tubes Ltd 792.75 397.18

Nse top losers

Company Name Current Change
Chettinad Cement Cor 31.35 -95.58
Welspun India Ltd. 99.95 -88.29
Hubtown Ltd. 105.80 -88.06
Vivimed Labs Ltd. 84.05 -81.29
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17