Wednesday, 16 August 2017

The Indian Rupee Slipped In The Early Trade On Wednesday

The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 16 paise at 64.28 per dollar versus 64.12 Monday.

Pramit Brahmbhatt of Veracity said, "Encouraging US economic data and FII outflows will help the dollar appreciate. We expect the USD-INR to trade in a range of 64-64.50 for the day."

The US dollar strengthened after economic data, including July retail sales, beat expectations and cast the economy in a relatively favourable light.

Among global markets, Asian shares were mostly higher in early trade as investors digested earnings releases from regional corporates and a resurgent dollar.

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Equity Benchmarks Continued With Its Positive Momentum

Equity benchmarks continued with its positive momentum from the previous session and opened on a good note, with the Nifty reclaiming 9800-mark.

At 9:16 am, the Sensex was up 77.14 points at 31526.17, while the Nifty rose 23.05 points at 9817.20. The market breadth was positive as 626 shares advanced against a decline of 186 shares, while 27 shares were unchanged.

Midcaps were back in favour as they outperformed the benchmarks, while other gainers included FMCG, auto stocks and metals.

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Monday, 14 August 2017

Nifty Midcap Was Up 1.5 Percent On Strong Market Breadth

Nifty Midcap was up 1.5 percent on strong market breadth. About five shares advanced for every share falling on the NSE.

Suzlon Energy, CESC, BEML, Adani Ports, DLF, Sun TV, CG Power, JP Associates, GVK Power, GMR Infra, Techno Electric, Voltamp Transformers and Mercator surged up to 7 percent.

Shares of Suzlon Energy added 10 percent intraday as the company turned profitable in the quarter ended June 2017.

The company has reported net profit of Rs 63.7 crore in the quarter ended June 2017 against the loss of Rs 257 crore, in the same quarter last fiscal.

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Sensex Rises 200 Pts, Nifty Eyes 9,800; Midcap Outperforms

Benchmark indices remained strong in morning trade as the Sensex was up 219.35 points at 31,432.94 and the Nifty rose 70.95 points to 9,781.75.

More than four shares advanced for every share falling on the BSE. Aditya Narain of Edelweiss said the research house sees the market at 11,100 in June 2018.

"Our preferred themes would be the savings shift, consumer discretionary step-up, lower rates and India build / process capex," he said, adding overweights are banks & financials, consumer discretionary/durables, cement & construction.

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Friday, 11 August 2017

The Dollar Extended Losses Against The Yen To Hit A New Two Month Low

The dollar extended losses against the yen to hit a new two-month low. It was down 0.1 percent at 109.07 yen, after retreating 0.8 percent on Thursday.

Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.

Weakness in US Treasury yields may also be supporting the yen, some analysts said.

US Treasury yields fell to as low as 2.197 percent, their lowest level since June 28 overnight. They were at 2.201 percent early on Friday.

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Sensex Slumps 300 Pts, Nifty Holds 9700; Cochin Shipyard Surges 22%

Shares of J Kumar Infraprojects and Prakash Industries were locked at 20 percent lower circuit in the opening trade on Friday.

These shares traded for the first time today after they were banned for trading on SEBI order since Tuesday.

On Thursday evening, the Securities and Appellate Tribunal has stayed SEBI's order against J Kumar Infra & Prakash Industries, which were among the 331 companies that the market regulator had suspected as 'shell' companies.

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Thursday, 10 August 2017

Nifty Has Strong Support At 9850; 4 Stocks Which Can Give Up To 26% Return

The Nifty formed a smaller bear candle which maintained a lower high lower low compared to the previous session as the index extended losses for the third consecutive session.

The index has taken a breather on expected lines as the five-week strong rally of over 7 percent since June 2017 lows pushed the weekly momentum oscillators into overbought zone.

Historically, since 2013 it has been observed that the index has not formed more than five consecutive bull candles on a weekly scale.

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Asia Stocks Steady, Treasury Prices Off Highs As Risk Aversion Settles

Asian stocks steadied and US Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.

MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed after dropping 0.6 percent the previous day.

Japan's Nikkei rose 0.2 percent and Australian shares gained 0.1 percent. South Korea's KOSPI was little changed.

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Wednesday, 9 August 2017

Sensex Opens Below 32000, Nifty Breaks 9950 On Weak Asian Cues

In the Nifty 50, out of the 35 companies that came out with results, 34 percent of them beat estimates while 37 percent missed estimates, Singh said.

Shares of PVR rose more than 1 percent in early trade on the back of stake sale in its joint venture company.

The company in its meeting held on August 8 has approved sale of its 51 percent stake in PVR bluO Entertainment.

PVR bluO Entertainment is a joint venture between PVR and Major Cineplex group of Thailand in which PVR owns 51 percent stake with balance 49 percent stake held by Major group.

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Wall Street Swings Lower After Trump Warns North Korea

US stocks closed lower on Tuesday after a late afternoon selling spree as investors fled for safety after US President Donald Trump vowed to respond aggressively to any threats from North Korea.

After scaling back from record highs earlier in the session, Wall Street's three major indexes dipped after Trump said North Korea "will be met with fire and fury" like the world has never seen if it threatens the United States.

"Trump's response was aggressive and that's why the market turned lower," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities.

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Tuesday, 8 August 2017

Sensex Rebounds, Nifty Eyes 10,100; Tata Steel, JSPL Gain

Shares of Dr Lal PathLabs gained 3.3 percent intraday on the back of strong June quarter numbers and on acquisition of company in Bangladesh.

The company has registered 11 percent increase in its consolidated net profit to Rs 44.4 crore for the quarter ended June 30 against net profit of Rs 40 crore in the same quarter last year.

The total income of the company was up 12 percent at Rs 256.8 crore versus Rs 229.2 crore.

The company in its board meeting held on August 07 has approved the acquisition of a company in Bangladesh named Dr Lal PathLabs Bangladesh.

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Stocks, Commodities Buoyed By Growth Optimism, China Trade Data Awaited

Asian shares neared decade peaks on Tuesday thanks to optimism on the global economy and a rash of records on Wall Street, while major currencies were becalmed ahead of Chinese trade data.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent and to within a whisker of its recent high.

South Korea's market rose 0.4 percent while in Japan, the broad TOPIX held near its highest in two years and the Nikkei was flat.

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Monday, 7 August 2017

Asia Markets Were Mostly Higher, With Investors' Risk Sentiment

L&T Finance Holdings, Jaiprakash Associates, Sarda Energy, Apollo Tyres, Bhushan Steel, Wockhardt, Sintex, Eros International, Cadila Healthcare and Torrent Power rallied up to 10 percent.

Repco Home Finance, GSFC, HPCL and SPARC were down up to 5 percent.

Asia markets were mostly higher, with investors' risk sentiment likely improving from Friday's better-than-expected US jobs number as they await to hear Pyongyang's response to UN sanctions over the weekend.

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Sensex Erases Opening Gains, Nifty Holds 10,050; Midcap Outperforms

Equity benchmarks erased early gains, with the Sensex down 27.38 points at 32,298.03 and the Nifty down 3.45 points at 10,062.95.

TCS, Infosys, HUL, Reliance Industries, HCL Technologies, Yes Bank and ONGC were under pressure while ICICI Bank, Tata Steel, Maruti Suzuki, Hero Motocorp and Vedanta gained strength.

The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices rising half a percent each. About two shares advanced for every share falling on the BSE.

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Friday, 4 August 2017

Nifty Breaks 10,000 In Opening, Sensex Lower; Biocon Plunges 6%

Shares of Ramco Systems and Kokuyo Camlin slipped 4 percent and 8 percent, respectively intraday as the companies have reported loss in the quarter ended June 2017.

Ramco Systems has reported net loss of Rs 3 crore in the quarter ended June 2017 against profit of Rs 8.8 crore, reported in the same quarter last year.

Revenue of the company was at Rs 110.3 crore versus Rs 109.7 crore. Kokuyo Camlin has posted Q1 net loss at Rs 1.25 crore versus profit of Rs 4.7 crore, in a year ago period.

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Nifty Midcap Was Down 0.3 Percent, Dragged By Pharma Stocks

Nifty Midcap was down 0.3 percent, dragged by pharma stocks. Cadila Healthcare, Strides, Torrent Pharma, Glenmark Pharma, MRF, Shree Pushkar, Titan, Kokoyu and Apollo Tyres fell up to 4 percent.

Ceat and Ujjivan Financial lost up to 7 percent post Q1 earnings while PNB Housing Finance gained 7 percent.

Asian markets wavered, after US stocks were dented overnight by a report that the special counsel investigation into Trump and his campaign was intensifying. Japan's Nikkei was down 0.4 percent while China's Shanghai gained 0.2 percent.

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Thursday, 3 August 2017

Nifty Bank Slips Below 25,000 As Stocks Bleed Further Post RBI Policy

Nifty Bank slipped below 25,000-mark as banking stocks fell further in morning trade Thursday after the Reserve Bank of India expectedly cut repo rate by 25 basis points to 6 percent on Wednesday.

The news already seems priced into stock prices, hence the reason for fall in banks could be profit booking.

The Nifty Bank index was down 202 points or 0.81 percent at 24,852.70, at 9:45 hours IST.

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Sensex, Nifty Extend Losses In Opening; Banks Stocks Fall Again

Nifty Bank lost 0.5 percent. UCO Bank, Union Bank of India, Canara Bank, Bank of India and Allahabad Bank lost up to 3 percent.

HEG, ENIL, Godrej Consumer Products, Colgate, Emami, Voltas and Marico fell up to 3 percent.

Bata India was up 3.4 percent after earnings. Sical Logistics and TBZ also gained up to 3 percent.

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Wednesday, 2 August 2017

Indices Trim Gains From Opening Tick, Nifty Flat; Hero Moto Up 2%

Benchmark indices trimmed most of its gains from the opening tick, with the Sensex trading almost one-tenth of a percent higher, while the Nifty turned red.

The Sensex was up 30.72 points at 32605.89, while the Nifty was down 2.15 points at 10112.50. The market breadth began narrowing as 958 shares advanced against a decline of 549 shares, while 83 shares were unchanged.

NTPC and Hero MotoCorp were the top gainers, while ONGC, Kotak Mahindra Bank and ACC lost the most.

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JSW Steel Declined Over 2 Percent Intraday On Wednesday

JSW Steel declined over 2 percent intraday on Wednesday as investors turned cautious of the stock post the company’s Q1 performance.

The company’s profit in the first quarter fell by 43 percent to Rs 624 crore compared with Rs 1,096 crore in same quarter last year.

However, revenue during the quarter increased sharply by 24 percent to Rs 15,977 crore, with crude steel production up 1 percent at 3.91 million tonnes and saleable steel up 5 percent at 3.51 million tonnes.

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Tuesday, 1 August 2017

In The Currency Market, The Euro Traded At USD 1.1824

In the currency market, the euro traded at USD 1.1824, having risen to as high as USD 1.1846, its best level since January 2015, with a test of USD 1.20 within sight.

It has gained almost 15 percent from its January 3 low of USD 1.0340, which was its weakest level since January 2003, on rising expectations that the European Central Bank will taper its stimulus next year.

The dollar also slipped to a 1-1/2-month low of 110.21 yen, and last stood at 110.32 yen.

The Australian dollar held steady at USD 0.8000 ahead of the Reserve Bank of Australia's policy announcement later in the day. The RBA is widely expected to keep interest rates on hold.

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Sensex Opens Higher, Nifty Eyes 10,100; Tech Mahindra Surges 5%

Share price of Sobha gained 3 percent in morning trade as the company is going to consider buyback of shares.

A meeting of the board of directors of the company is scheduled on August 04, to consider and take on record, the unaudited financial results of the company for the quarter ended June 30, 2017.

The board will also consider a proposal for buyback of equity shares of the company, for an aggregate amount up to Rs 62 crore.

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Monday, 31 July 2017

Hong Kong's Hang Seng Index Rose 0.35 Percent While Mainland Markets

China manufacturing expansion slows in July

Hong Kong's Hang Seng Index rose 0.35 percent while mainland markets digested the release of slightly lower-than-expected China PMI data. The Shanghai Composite was flat and the Shenzhen Composite slipped 0.139 percent.

In China, official manufacturing PMI for July stood at 51.4, compared to a Reuters forecast of 51.6. The July figure was also below June's reading of 51.7. Meanwhile, the official services PMI came in at 54.5 for July, compared to the 54.9 seen in June.

While manufacturing PMI data tends to be more closely watched, China's pivot toward domestic consumption and away from investment-led growth means the services sector accounts for a bigger slice of the mainland economy.

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HDFC Announced That It Is Going To Divest 9.57 Percent

HDFC announced that it is going to divest 9.57 percent of its stake in HDFC Life.

We are not supposed to discuss the timeline but our intention is to get the initial public offering out as soon as possible, said Amitabh Chaudhry, MD & CEO of HDFC Life.

Had started work on HDFC Life's IPO last year itself, he added.

He further said that a lot of the general insurance companies have been filing for IPOs lately.

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Friday, 28 July 2017

Stocks In The News: L&T, ITC, ONGC, Sun Pharma, Claris Life, Duke Offshore, Dish TV

-Claris Life completes sales of its global generic injectables business to Baxter

-Shikha Sharma re-appointed as the Managing Director & CEO of Axis Bank for a period of 3 years

-Duke Offshore wins order to support specialized dredging operations with MNC JV Partner at Mumbai Harbour

-IDBI Bank - Ind-Ra downgrades Upper Tier II bond and Perpetual Bond to BBB+/Negative

-Nava Bharat Ventures’ 300 MW Power Plant of Maamba Collieries has achieved Provisional acceptance under the EPC contract

-Oriental Carbon - ICRA Revises rating to A+ on term loan facilities

-NCLT approves scheme of arrangement between Videocon D2H & Dish TV

-Sun Pharma raises stake in Zenotech from 46.85 percent to 57.56 percent

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Nifty Struggles Below 10,000, Sensex Under Pressure; HDFC Extends Gains

Nifty is likely to embark on a treacherous voyage from here on, grappling with multiple gann supply points, Pritesh Mehta, IIFL Private Wealth said.

Three-digit gann number of 101, four digit gann number of 1009 and multiplication of 360 degrees by applying a square of 9 from the significant low of 9,342 is also placed around 10,130.

On higher time frame charts, PRZ of potential ABCD pattern stands near 10,050 mark. So, the point of confluence is seen between 10,050-10,130.

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Thursday, 27 July 2017

Nifty Likely To Move Towards 10,130; 4 Stocks Which Can Give Up To 15% Return

The Nifty hit a record high at 10,025.95 for the first time in history and closed above its psychological level of 10,000 on Wednesday session.

If we look at monthly chart index, it is trading in a rising channel pattern and we have got the first breakout above 9,120 in March 2017 from there we have seen a straight rally up to 10,000.

We still expects the rally to extend further up to 10,350 which is an upper band of the channel. On the other hand, markets are trading in overbought zone, so we may see some correction in the near term.

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The Indian Market Continued Its Bullish Momentum, Backed By Steady Earnings

The Indian market continued its bullish momentum, backed by steady earnings and strong political stability cues from the developments in Bihar on Wednesday. In the opening tick, indices surged to fresh highs.

Having said that, there are experts who still continue to be wary of the rally as it is not commensurate with the fundamentals. UBS Securities believes that from a fundamental perspective, the risk reward is unattractive.

Revenue during the quarter grew by 0.8 percent to Rs 12,149 crore and dollar revenue rose by 3.7 percent to USD 1,884.2 million on sequential basis.

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Wednesday, 26 July 2017

Equity Benchmark Indices Extended Their Gains From The Opening Tick

Equity benchmark indices extended their gains from the opening tick, with the Nifty inching towards reclaiming the historic 10,000-mark.

The Sensex was up 68.05 points at 32296.32, while the Nifty was up 23.05 points at 9987.60. The market breadth was healthy as 1279 shares advanced against a decline of 622 shares, while 72 shares were unchanged.

Tata Steel, Mahindra and Mahindra, Vedanta and Tata Steel gained the most on both the indices, while Asian Paints, Axis Bank and Bharti Infratel were the top losers.

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The Nifty Hit A Record High Of 10,000 For The First Time In History On Tuesday

The Nifty hit a record high of 10,000 for the first time in history on Tuesday, but looking at analyst estimates for the index, 10K just look like another number. Most analysts on D-Street expects the index to rally up to 10,500-11,000 levels by December 2017.

The journey will not be as smooth which we saw so far in 2017 but some more consolidation cannot be ruled out, suggest experts but the broader trend looks intact which is still on the upside.

Investors should wait for initiating fresh long positions at current levels and re-enter on dips. Most analysts do not rule out a dip of 2-3-4 percent from current levels. But, considering the fact that liquidity remains strong, most dips will be bought into.

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Tuesday, 25 July 2017

The 30 Share BSE Sensex Was Up 30.78 Points At 32,276.65

Equity benchmarks came off day's high after the Nifty hit 10,000 level.

The 30-share BSE Sensex was up 30.78 points at 32,276.65 and the 50-share NSE Nifty gained 9.75 points at 9,976.15.

About 919 shares advanced against 589 declining shares on the BSE.

Equity story of India is going to continue and still very convinced that equity will be one of the best asset classes to invest in 3-5 years, Madhu Kela, Market Expert said.

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Nifty Hits Historic High Of 10,000 In Opening; HDFC Bank, ICICI Lead

As much as 50 companies on the BSE will be declaring their results for the quarter ended June 30 later today which include names like Asian Paints, Axis Bank, Bharti Airtel, Hero MotoCorp, Vedanta to name a few.

Global rating agency Moody's affirmed ratings of nine banks, including Bank of India, Punjab National Bank and Axis Bank, at Baa3/Prime-3, and downgraded the ratings of Indian Overseas Bank and Central Bank of India to Ba3 from Ba1.

Other banks whose rating was affirmed are Bank of Baroda, Canara Bank, Oriental Bank of Commerce, Syndicate Bank, Union Bank of India and ICICI Bank.

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Monday, 24 July 2017

Stocks In The News: HDFC Bank, Lupin, ITC, Dr Reddy's, Divis Labs, Amtek Auto, D-Mart

-Lupin's Goa facility inspection concluded by US FDA without any observation

-Amtek Global Technologies Pte. Ltd, subsidiary of Amtek Auto has entered into an arrangement to sell its UK based subsidiaries' plants to Liberty Group

-Astrazeneca Pharma launches Osimertinib and Tagrisso in India

-Tata Sponge receives in principle approval for setting a steel plant of capacity upto 1.5 MTPA, in phases at Beleipada, Keonjhar district, Odisha

-Tata Teleservices - ICRA revises outlook to stable from negative on all fund based activities

-Speciality Restaurants says opening of new 'POH (Progressive Oriental House)' restaurant at Mumbai

-Colgate's Global CEO says can't brush off Patanjali effect: ET

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Sensex Extends Rally, Nifty Hits 9950; ITC Soars 2% On Price Hike

Shares of Avenue Supermarts, the operator of D-Mart retail chain, gained 5.5 percent intraday on the back of strong June quarter numbers.

The company's Q1 net profit increased 47.7 percent at Rs 174.7 crore versus Rs 118.4 crore, in the same quarter last fiscal.

Total income of the company was up 35.7 percent at Rs 3,598 crore versus Rs 2,652.4 crore.

The company's operating profit was up 29.2 percent at Rs 303 crore and EBITDA margin increased at 8.4 percent.

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Friday, 21 July 2017

Wipro Shares Surged More Than 8 Percent Intraday After Higher Than Expected Worth

Wipro shares surged more than 8 percent intraday after higher-than-expected worth of share buyback and good June quarter earnings despite subdued Q2 dollar revenue guidance and analysts' negative stance.

The India's third largest IT firm Wipro on Thursday announced a mega buyback offer of Rs 11,000 crore, joining the growing roaster of IT firms that are returning surplus cash to their shareholders.

The company will purchase up to 343.75 million equity shares of Rs 2 each and the buyback price will be Rs 320 per equity share for up to Rs 11,000 crore.

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Reliance Industries Q1FY18 Review: Firing On All Cylinders

Reliance AGM LIVE: What does Mukesh Ambani have up his sleeve?
The fiscal started on a strong note for Reliance Industries with record consolidated profit aided by strong gross refining margin in the refining segment and record margin in the petrochemical business.

The key segment of Refining registered 18% year on year growth in topline and reported Gross Refining Margins of $ 11.9/bbl as against $ 11.5/bbl in the previous and the corresponding quarter. 

Despite flat Singapore Complex Margin, Reliance’s GRM outperformed Singapore complex margins by $ 5.5/bbl. The marginally weaker product cracks were offset by yield shift and robust feedstock management. Favourable Brent-Dubai differential also aided crude sourcing during the quarter.

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Thursday, 20 July 2017

Sensex Opens Above 32000, Nifty Moderately Higher; HPCL Down, ONGC Up

The 30-share BSE Sensex was up 62.88 points at 32,018.23 and the 50-share NSE Nifty gained 14.40 points at 9,914.00. About two shares advanced for every share falling on the BSE.

Coal India, ITC, Kotak Mahindra Bank and Bharti Airtel were early gainers among largescaps.

In the broader space, Canara Bank, Mindtree, KPIT Technologies and Marico fell up to 4 percent while Just Dial, Sintex Industries, Balrampur Chini, Triveni Engineering, Bajaj Hindusthan, Mastek, Tata Elxsi, Jain Irrigation, Sterlite Technologies and MRPL gained nearly 7 percent.

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Stocks In The News: ONGC, RIL, Wipro, Mindtree, Canara Bank, HPCL, Godrej Ind, Just Dial

-Just Dial board meeting on July 24 to consider buyback

-Piramal Enterprises enters into JV agreement with Bain Capital, to transfer 50 percent in held in Piramal Asset reconstruction to Bain Capital

-Bhageria Industries commissions entire 30 MV solar plant at Ahmednagar

-Elpro International board to consider rights issue

-Atlas Cycles board meeting on August 4 to consider sub division of equity shares

-Trent board approves entering into definitive agreement with Trent Hypermarket Private Limited, a JV of the company, for acquiring their value fashion apparel business

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Wednesday, 19 July 2017

Sensex Jumped Upto 40% In Last Four Presidential Poll Years

It might be a coincidence or sheer luck, but whenever India went to polls to select its new president, the stock market has given a double-digit return on 3 out of 4 occasions in the last 20 years.

Although there is no logical connection between the Sensex and presidential elections, but anecdotal evidence suggest that D-Street is likely to fare better in 2017. The Indian market has already rallied 20 percent so far in 2017 and if history holds true then we should close the year on a high note.

Parliamentarians voted to elect the 14th President of India earlier this week and the results will be declared on July 20.

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Wall Street Had Ended Tuesday Mixed After A Heavy Dose

Wall Street had ended Tuesday mixed after a heavy dose of corporate earnings, with the Dow dragged by Goldman Sachs but the Nasdaq reaching a record high.

The Dow fell 0.25 percent, while the S&P 500 gained 0.06 percent and the Nasdaq 0.47 percent.

The Nasdaq's run of gains was saved by Netflix which jumped 13.5 percent on strong customer numbers. IBM , however, fell 2 percent after the bell when its revenue missed forecasts.

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Tuesday, 18 July 2017

Nifty Faces Profit Booking; 5 Stocks To Buy Today Which Can Give Decent Gains

Sell ITC on rallies; buy Vedanta, JSPL, Ashok Leyland, HUL, Chambal Fert: Gujral


The Nifty opened with the gains of nearly 20 points and traded within the small range of 30 points throughout the day while Sensex opened with the gains of around 30 points and traded within 70 points tight range for the day showing gradual buying and participation of the traders at higher levels.

The market is looking moderately bullish as the bulls are still in control of the bears, supported by gradual upwards moving momentum indicators on the daily charts and traders should be very cautious at these higher levels whereas any dip should be treated as an opportunity of going long.

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Nifty Below 9900, Sensex Loses 250 Pts; ITC Crashes 14% On Cess Hike

HDFC, Infosys, TCS, Wipro and ACC gained up to 1.5 percent while Bharti Airtel surged 5 percent.

About two shares declined for every share rising on the NSE.

Shree Digvijay Cement, Linde India, Max Financial and Jubilant Foodwors lost up to 5 percent while Fortis Healthcare and Aditya Birla Nuvo gained up to 5 percent.

The company's consolidated profit grew by 32.6 percent year-on-year to Rs 326.2 crore despite higher tax expenses. The growth was driven by strong operating income and revenue.

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Friday, 14 July 2017

Majority Of Stocks Showing Fresh Breakouts! 5 Stocks Which Can Give Up To 8% Return

A break above 9,700 and renewed buying interest in Bank Nifty has brushed aside the concerns of June’s steep fall from the peak 9,699.

The market’s focus has turned holistic with midcap and smallcap staging rallies of 6 and 7 percent, respectively from their recent lows. Both indices are trading below the May 2017 peak.

Within these spaces, majority of stocks are showing signs of fresh breakout and follow-up buying. The stock-specific action based on spotting pockets of strength is hence an ideal approach in the current scenario.

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Sensex Erases All Gains, Nifty Below 9900; Tata Group Stocks Down

After seeing a positive opening, benchmark indices erased all of its gains, while the Nifty was off the 9900-mark.

The Sensex was down 47.71 points at 31989.67, while the Nifty was down 19.00 points at 9872.70. The market breadth was negative as 764 shares advanced against a decline of 1,237 shares, while 98 shares were unchanged.

Infosys, Cipla, Aurobindo Pharma and Bharti Infratel gained the most on both indices, while TCS and Tata Motors DVR were the top losers.

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Thursday, 13 July 2017

Stocks In The News: TCS, Religare Enterprises, Hatsun Agro, Pincon Spirits, Cadila


-Adani Enterprises board meeting today

-Speciality Restaurants grants rights to franchisee to open 3 restaurants under its brand 'Mainland China Asia Kitchen' in United Arab Emirates

-Cadila Healthcare's Pankaj Patel steps down as MD, Dr Shravil Patel appointed as MD

-Patel Integrated Logistics board approves allotment of 6.4 lakh shares at a price of Rs 115 to Front line Strategy

-Future Lifestyle Fashions in focus - CARE upgrades rating to AA- from A+ on long term bank facilities

-Jindal Saw board decides to amalgamate subsidiaries

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Sensex Hits 32000, Nifty Eyes 9900 In Opening After Inflation Data

The 30-share BSE Sensex was up 189.99 points at 31,994.81 and the 50-share NSE Nifty rose 56.50 points to 9,872.60 on strong breadth.

About five shares advanced for every share falling on the BSE. Vedanta, Tata Steel, Tata Motors, SBI, Infosys and GAIL were early gainers.

The broader markets also participated in the rally, with the Nifty Midcap 100 up 0.5 percent.

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Wednesday, 12 July 2017

Nifty Hovers Around 9800, Sensex Holds Gains; IT, Banks Down

The broader markets also participated in uptrend on positive breadth. About 761 shares advanced against 244 declining shares on the BSE. Nifty Midcap 100 gained 0.5 percent.

Biocon surged 8 percent while Tilaknagar Industries, Globus Spirits, United Breweries and United Spirits rose 1-10 percent.

HUDCO, CDSL, AU Small Finance and PNC Infratech continued to rally, up 2-6 percent whereas CCL Products and Vista Pharma were down 4-6 percent.

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Equity Benchmarks Continued To Trade With Moderate Gains

Equity benchmarks continued to trade with moderate gains, with the Nifty hovering around 9,800 level. Auto, FMCG, Metal and Pharma indices gained whereas IT and Bank indices were under pressure.

The 30-share BSE Sensex gained 28.83 points at 31,775.92 and the 50-share NSE Nifty rose 12.45 points to 9,798.50.

The broader markets were also moderately higher as about 1,221 shares advanced against 949 declining shares on the BSE.

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Tuesday, 11 July 2017

Cadila Healthcare Shares Gained Over A Percent In Morning Trade

Cadila Healthcare shares gained over a percent in morning trade Tuesday on tentative approval from the US health regulator for Lurasidone Hydrochloride tablets.

Lurasidone is a generic version of Latuda that is used to treat schizophrenia.

Gautam Duggad of Motilal Oswal said positive macro factors notwithstanding, the quarter would be faced with several sector-specific headwinds and GST-related de-stocking in some B2C sectors.

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Equity Benchmarks Extended Yesterday's Gains In The Opening On Tuesday

Nifty could gain 28 points at opening bell: Maximus Securities

Equity benchmarks extended yesterday's gains in the opening on Tuesday, hitting fresh record highs.

The 30-share BSE Sensex was up 86.39 points at 31,802.03 and the 50-share NSE Nifty rose 25.55 points to 9,796.60. About three shares advanced for every share falling on the BSE.

Lupin, Tata Power, SBI, BPCL, Bajaj Auto, Aurobindo Pharma and Sun Pharma were early gainers while Bharti Airtel lost 0.8 percent after yesterday's 5 percent rally.

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