Thursday 11 June 2015

Nestle gains 4%; S'pore resumes Maggi's sale

Equity trading tips : Sensex ends up 359 pts, Nifty above 8100; RIL, BHEL top gainers

Sugar stocks up 3-14%, CCEA approves interest free loan

Bonus Read: Jack Ma thinks World War III will be a good thing

Bharti Airtel jumps 2%, CLSA reiterates high conviction buy

Nestle gains 4%; S'pore resumes Maggi's sale

Yen woes: Nikkei ends in red for 4th day in row

The 30-stock benchmark Sensex ended the day at 26,840.50; up 359.25 points.

The broader 50-share Nifty closed the session at 8,124.45; up 102.05 points.

29 stocks on the Sensex ended the day in green. Sectorally, IT and capital goods were the top gainers, gaining over 2% each. BHEL was the top gainer on Sensex, up 4%.

Cairn India ended the day 6% up on Nifty as Brent crude prices breached $66/barrel-mark.

Sensex surged over 450 points in intraday trade after US index provider MSCI Inc, in a relief to Indian markets, said that it will hold off including China A shares in one of its key benchmarks, but expects them to be included once outstanding market accessibility issues are resolved.

Geoff Lewis, independent economist said that the deferment of inclusion of China A shares in MSCI was warranted. The expert feels that the development will bring value to Indian stock market.

Wednesday 10 June 2015

Nestle India was the surprise winner, gaining over 9 percent

Equity trading tips : Sensex, Nifty end marginally lower; Cipla dips 3%, banks up

KEC Intl jumps 6.5% on orders in T&D, railways, cable biz

India may face $3.8 bn outflow if China A enters MSCI

Mahindra Holidays to up stake in Holiday Club to 88%

FinMin returns Oil Ministry's gas price proposal

Brit Airways hikes baggage allowance for students

The S&P BSE Sensex ended the day at 26,481.25 down by 41.84 points.

The broader 50-share Nifty closed at 8022.40 down by 21.75 points.

17 of 30 Sensex stocks ended the day in red. Vedanta Ltd was the gainer on Sensex, up over 2%. Cairn India was the top loser on NSE Nifty, down over 4%.

Nestle India was the surprise winner, gaining over 9 per cent in late trade likely on value buying. The stock closed 7.47% up.

The two stocks were in the limegiht after a report in Economic Times suggested that Vedanta was in the final stages to announce its merger with subsidiary Cairn India.

Foreign institutional investors have sold in four of the last five trading sessions, withdrawing about $316 million from Indian cash equities, regulatory and stock exchange data showed.

Overseas funds withdrew a net 57 billion rupees ($889.9 million) from shares last month, when markets were gripped by worries about a potential retrospective minimum alternate tax (MAT).

Tuesday 9 June 2015

Sensex slips 245 pts, Nifty ends below 8050; Reliance tanks

Equity trading tips : Sensex slips 245 pts, Nifty ends below 8050; Reliance tanks

NIIT gains 5% on order from Norwegian oil & gas company

IOC to invest Rs 15,000 crore in Panipat refinery

SpiceJet shares jump over 8% on fleet expansion plans

NTPL Tuticorin to commission first 1000-mw power unit

2G case: Court denies Ruia permission to go abroad

The S&P BSE Sensex ended the day at 26,523.09, down 245.40 points.

The broader 50-share Nifty closed the session at 8,044.15, down 70.55 points, below its new crucial psychological level 8,050.

25 of 30 Sensex stocks ended the day in red. Top losers on the Sensex were Vedanta and Tata Steel, down about 3% each. NestleBSE -7.63 % ended day nearly 8 per cent down.

Sectorally, consumer durables and metals were the top losers, down nearly 2% each. The S&P BSE Sensex fell over 250 points in intraday trade on Monday on concerns that the US Federal Reserve may go for a hike in key policy rate as early as September even as other Asian stock markets saw a mixed trend.

Japan's Nikkei 225 ended 0.02 percent lower at 20,457.19 after dropping to as low as 20,359.06, the weakest intraday level since May 25. China shares posted solid rise and ended 2 per cent higher at 5,131.88, up 108.78 points.

The Reserve Bank of India (RBI) is scheduled to announce current account deficit (CAD) data for the fourth quarter of 2014-15 later today.

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Monday 8 June 2015

Global cues negative; gap down opening seen on Nifty

Equity trading tips : Global cues negative; gap down opening seen on Nifty

Anshu Jain resigns as co-CEO of Deutsche Bank

YES Bank to raise over Rs 16,000 cr through equity, bonds

CCI imposes Rs 64 crore fine on GlaxoSmithKline, Sanofi

EPFO settles 10.53 lakh PF claims in May

RINL saleable steel production up 24pc in April-May 2015

The Indian equity market is expected to open in the red today after seeing a choppy trade last week. The SGX Nifty, an indicator of the market opening, was trading at 8093.50, down 15.50 points.

The 30-share BSE Sensex fell 44.93 points to 26768.49 on Friday and the 50-share NSE Nifty declined 15.95 points to 8114.70. Meanwhile, the US markets ended in the red, partly on the back of the US jobs data and partly by the back and forth in Greece over a reforms deal. The German DAX and the French CAC lost more than a percent each.

The British FTSE down eight tenths of a percent. The German ten-year bond yield rose sharply to 0.85 percent.

Asian markets opened mixed, with investors reacting to key economic data from the region's second-largest economy. Japan's revised first-quarter gross domestic product (GDP) expanded 3.9 percent, much higher than the preliminary reading of a 2.4 percent increase.

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Thursday 4 June 2015

Sensex, Nifty fall 1.5%; rupee at 64.05/$, Midcap slips 2%

Equity trading tips : Sensex, Nifty fall 1.5%; rupee at 64.05/$, Midcap slips 2%

Drought scare has Crisil cut GDP forecast by 50 bps to 7.4%

Services PMI contracts in May as firms hike prices

Infosys shaping up, can beat Nasscom FY16 guidance: Sikka

Govt hikes minimum import price on arecanuts to Rs 162

Arkin raises $15 mn from Nexus, strategic investors

The Sensex ended down 351.18 points or 1.3 percent at 26837.20 and the Nifty slipped 101.35 points or 1.2 percent at 8135.10. About 622 shares advanced, 2111 shares declined and 121 shares were unchanged.

NTPC, Infosys, Coal India, Bharti Airtel and HDFC Bank were top gainers in the Sensex. Among the losers are Tata Power, ITC, ONGC, SBI and GAIL.

Market outlook: Independent market expert Anand Tandon believes things changed fundamentally for the market in RBI Governor’s statement yesterday.

Wednesday 3 June 2015

Sensex cracks 700 points, Bank Nifty breaks below 18,000

Equity trading tips : Sensex cracks 700 points, Bank Nifty breaks below 18,000 as RBI disappoints

Emami falls 8%, to buy Kesh King's hair & scalp care biz

Pawan Munjal new Hero Chairman; father steps aside

Petrobras and ONGC find new oil reservoir off Brazil's Sergipe

Oil dips on strong OPEC outlook

Equity benchmarks shed more than 2 percent after teh Reserve Bank of India raised inflation forecast for January 2016 and Met Department cut monsoon forecast.The Sensex was down 660.61 points or 2.37 percent at 27188.38, and the Nifty fell 196.95 points or 2.34 percent to 8236.45.

About 828 shares have advanced, 1860 shares declined, and 145 shares are unchanged.

State Bank of India, Axis Bank, Hindalco Industries, ITC, Hero Motocorp and IndusInd Bank topped the selling list on Nifty, down 4 percent. Lupin and Bharti Airtel bucked the trend, up marginally.

The RBI kept cash reserve ratio (CRR) of scheduled banks unchanged at 4 per cent of net demand and time liabilities (NDTL).

Shares in rate sensitive sectors such as banks, realty, auto and capital goods plunged on Tuesday, after the RBI reduced the policy repo rate under the liquidity adjustment facility (LAF). HDFC, SBI Hero MotoCorp were among top Sensex losers.

Monday 1 June 2015

Nifty closes above 8,400; M&M surges over 4%

Equity trading tips : Nifty closes above 8,400; M&M surges over 4%

Mahindra Q4 profit down 39%, misses estimates

Vodafone sells its 4.2 % stake in Bharti Airtel for $200 mn 5

FIPB defers Kotak Bank's proposal to hike FDI limit

BoI to sell 18% stake in life insurance JV to Dai-ichi

Nikkei ends @ 20,563, hits fresh 15-yr closing high

The 30-stock benchmark Sensex ended the day at 27,828.44; up 321.73 points.

The broader 50-share Nifty closed above the crucial mark of 8,400 @ 8,433.65; up 114.65 points.

26 of the Sensex stocks ended the day in green. Sectorally, auto index was the top gainer, up 1.8%. Airtel and M&M were the top gainers on Sensex, closing with gains of about 4%. Value buying, hopes of a rate cut from RBI on June 2 are said to the top reasons why Indian markets were on a roll today.

Spicejet rallied 12 per cent intraday after reporting net profit of Rs 22.5 crore for the Q4 of the current fiscal year.

Adani Enterprises dropped by 7 per cent intraday, extends losses. Read Here

Airtel surged over 6 per cent intraday on Vodafone stake sale.

Rupa gained another 10 per cent, up 90 per cent in 7 days.

Wockhardt recoverd after losing as much as 7.3 per cent intraday.

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