Top factors you need to know before the Opening Bell

Global cues, stock-specific action, and foreign fund flow will be the top factors that will give direction to the markets today.

The rally in telecom stocks could continue for the fourth straight session after Reliance Jio joined rivals Vodafone Idea and Airtel in announcing an increase in tariffs over the next few weeks. The share price of Vodafone Idea has surged 130 per cent while Bharti Airtel has gained 25 per cent in the last three trading sessions after announcing tariff hikes.


In another major news, private sector lender YES Bank has reported asset quality divergence of Rs 3,277 crore, based on receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report for 2018-19. According to the bank, it has already classified as NPA Rs 1,259 crore as on September 30, setting aside Rs 346 crore of provisions.

That apart, market participants will also track oil price movement, the value of rupee against the dollar, and foreign fund flow.

Global markets:

In US, major indexes fell from record levels on Tuesday as US President Donald Trump threatened to raise tariffs on Chinese imports if no deal is reached with Beijing. The Dow Jones Industrial Average fell 0.36 per cent, the S&P 500 lost 0.06 per cent, and the Nasdaq Composite added 0.24 per cent.

Asian shares also lumbered lower on Wednesday. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.25 per cent. Japan's Nikkei eased 0.2 per cent and South Korea 0.4 per cent. The SGX Nifty was also trading lower in the early hours, indicating a subdued start for the domestic indices.

In commodities, Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 per cent overnight.

Yesterday, benchmark indices ended with nearly half a per cent gains. The S&P BSE Sensex added 186 points to settle at 40,470, and the broader Nifty50 index ended at 11,940 levels, up 57 points.

Here's a trading idea by Religare Broking who recommend buying HPCL around Rs 288-290 for a target of Rs 305 with stoploss at Rs 282.

Small-caps outperform benchmarks; Corporation Bank gains 20%

Catch all the live updates of the stock markets here

Markets were volatile, but were trading higher in the morning trade on Tuesday.

The benchmark S&P BSE Sensex was at 40,400 level supported by buying in index heavyweights. Bharti Airtel, the top performer, gained over 4 per cent after the company said it would hike tariff from December 1 to arrest revenue fall. On the downside, Vedanta slipped over 1 per cent to trade as the top loser.

On the NSE, the broader Nifty50 was testing 11,900-mark.

On the sectoral front, indices were trading mixed. Nifty Private Bank index jumped the most, up 0.53 per cent on NSE, while Nifty Metal index declined over 0.7 per cent.

In the broader market, the small-caps were faring better with the S&P BSE Small-cap index up 0.45 per cent. The S&P BSE Mid-cap index, however, was trading unchanged.

BUZZING STOCKS

Shares of SBI Life Insurance Company slipped over 6 per cent in the opening deals on Tuesday after reports said 3.37 crore shares or 3.4 per cent equity worth Rs 3,222 crore of the company traded in multiple block deals at an average price of Rs 945 per share.

Shares of Zee Entertainment slipped up to 2.7 per cent to Rs 286 on the BSE on Tuesday after Brickwork Rating agency downgraded the company's 6 per cent Cumulative Redeemable Non-Convertible Preference Shares and the Issuer rating. 

Stocks of telecom operators Bharti Airtel and Vodafone Idea surged in Tuesday's early morning trade after the two firms announced they will hike tariffs, starting December 1. While Airtel's shares climbed 5 per cent to Rs 430.80 apiece to log a fresh 52-week high, Vodafone Idea zoomed 20 per cent to Rs 5.35 on the BSE

Sensex edges higher, Bharti Airtel surges for third day in row

Nifty is caught within a tighter trading range of 11950 and 11850: Analyst
Market heavyweights HDFC Bank, RIL and Infosys edged higher

Indian stock markets edged higher in early trade with Sensex rising 70 points to 40,356. The broader Nifty rose 0.25% to 11,913. Bharti Airtel gained 3.5%, after sharp upmove in the previous two sessions.

Other top gainers in the Sensex pack included Tech Mahindra, Axis Bank, and Yes Bank, up between 1% and 1.5%. Market heavyweights HDFC Bank, RIL and Infosys also edged higher. Some selling pressure was seen in Vedanta, Kotak Bank, Bajaj Auto and HUL, down between 0.5% and 1%.

Faced with intense competition and unprecedented statutory dues, Bharti Airtel and Vodafone Idea on Monday announced a hike in mobile phone call and data charges from December saying the increase was warranted for viability of their business. The two operators, however, did not quantify the increase in rates but said that the hike will be effective beginning next month.

"Nifty is caught within a tighter trading range of 11,950 and 11,850. A breakout of this trading range is expected soon. Resistance above 11,950 is seen close to 12,100-12,300 levels and support below 11,850 is seen around 11,739 and 11,600," Geojit Financial Services said in a note.

Asian shares were mixed today as investors remain cautious over prospects for an agreement in trade talks between the United States and China. On Wall Street, all three major indexes edged above the all-time highs they set on Friday.

The two sides are continuing to negotiate, with stock markets around the world swinging on every hint of progress or tension. (With Agency Inputs)

Today Nifty 52 Week high stock live update

Company Name    open price   high price    low price     current price

BPCL                      520                 527.30          517.25          521.60

Bhartiairtel            396                   408.60          392.10           407.10

ICICI Bank            498.75           504.45          498.40           504

Relaince                  1472.65        1486              1468             1477.50

Kotak Bank            1626.65       1631.75          1622.85        1627.70

HclTech                   1148            1149.70          1140.75        1144.60

BajajFinsv              9065.50        9079.15          9015.45        9058.80

Bajaj Finance         4199             4209.55          4176.10        4187.25

Bajaj Auto              3225              3225               3192             3195.35

HDFC Bank            1277             1279.45          1268.05        1268.10

Asianpaint             1760.70           1765.45         1744.10        1746.65

Nifty below 11,900, Sensex slips in red; RComm, BPCL in focus

Among sectors, Nifty Pharma along with the metal index are up 1 percent each while FMCG and auto stocks dragged.
As market consolidates these 10 large, midcaps could give 10-29% return in the next 12 months
Markets oscillated in a range and settled almost flat, in continuation to the prevailing consolidation phase. The week was a holiday-shortened one and weak local cues combined with not so encouraging global markets kept the volatility high across the board. However, resilience in the banking space, which holds considerable weightage in the index, helped the benchmark to sustain at the higher levels while other sectoral indices witnessed mixed trend. Among the benchmark indices, Nifty settled at 11,895; down by 0.11 percent.

There’s no major data lined up on the domestic front in the following week and markets will continue to dance to the global tunes. On global front, investors would keep an eye on progress of US-China trade deal, which is lingering from quite some time and minutes of the FOMC meet on November 21. In addition, fluctuation in crude oil price and currency would also induce some volatility in the markets.

Indications are in the favour of further consolidation and we expect Nifty to continue hover within 11,700-12,100 range. Having said that, we feel it’s a healthy pause and the overall trend would remain positive. Besides, the buoyancy in banking index is pointing towards strong possibility of Nifty testing a newer high in weeks to come. Meanwhile, volatility would remain high on the stock-specific front thus we advise maintaining balanced approach in trading, by keeping few shorts as well.

Sensex rises over 190 points

The benchmark BSE Sensex surged over 190 points and the NSE Nifty reclaimed the 8,500-mark on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets’ closing. Short-covering of bets, on Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up. The 30-share index had gained 341.08 points in the previous two sessions.

Metal, banking, capital goods, FMCG, oil and gas, IT and auto sector stocks were leading the rally, which lifted sentiments. Bucking the trend, shares of telecom major Bharti Airtel plunged 3.27% to Rs 306 on nervous selling after the company yesterday reported over 54% fall in consolidated net profit to Rs503.7 crore for the October-December quarter. Brokers said that the market mood remained buoyant, bolstered by domestic and foreign institutional investors’ buying coupled with a firming trend overseas, especially the US markets which ended on a big high in Wednesday’s trade acknowledging new President Donald Trump’s economic policies.

1.45pm: BSE Sensex trades higher by 196 points, or 0.72%, to 27,572, while the Nifty 50 rises 77 points, or 0.91%, to 8,553. Wockhardt Ltd shares fall over 2.65% to trade at Rs 664.30 against the previous session’s closing of Rs682.40.

Sensex surges 210 points

The benchmark Sensex surged over 200 points due to short-covering by speculators ahead of January monthly derivatives contract expiry.

Domestic sentiment got a boost on optimism ahead of the annual budget to be unveiled next week.

The Supreme Court on Monday rejected a petition to delay the Union Budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential giveaways ahead of critical state polls.

Analysts are hoping for a Budget that delivers some incentives to support an economy that has been hit by India's shock move to ban higher-value banknotes.

“Financials have underperformed for sometime because of concerns on growth and outlook after demonetisation,” said Neeraj Dewan, director at Quantum Securities.

“There can be also be some pre-budget buying happening in the market,” Dewan added.

At 2.20 pm, the 30-share BSE index Sensex was up 210.53 points or 0.78 per cent at 27,327.87 and the 50-share NSE index Nifty was up 65.65 points or 0.78 per cent at 8,457.15.

Among BSE sectoral indices, auto index gained the most by 1.33 per cent, metal 1.29 per cent, power 1.24 per cent and capital goods 1.23 per cent. On the other hand, IT index was down 0.32 per cent and TECk 0.17 per cent.

Top five Sensex gainers were Bajaj Auto (+2.68%), M&M (+2.17%), L&T (+2.01%), Power Grid (+1.92%) and Adani Ports (+1.9%), while the major losers were Bharti Airtel (-0.99%), Infosys (-0.69%), HUL (-0.49%) and Cipla (-0.07%).

Banks were among the gainers, with HDFC Bank up nearly 2 per cent and Kotak Mahindra Bank, which will report earnings on Wednesday, rising 0.80 per cent.

IT stocks however fell, with Infosys Ltd and HCL Technologies Ltd down more than 1 per cent each amid worries US President Donald Trump's protectionist stance would adversely impact global exporters.

Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises.

MOIL Ltd fell as much as 3.9 pct to its lowest since January 3 after the manganese ore miner said the government would sell 10 per cent stake in the company.

Early today, HCL Technologies reported a 7.8 per cent rise in consolidated net profit at Rs. 2,070 crore for the third quarter ended December 2016.

Sensex slips over 100 points

The INDIA VIX is up 1.10% at 15.19. S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points.

the S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points. A total of 29 stocks registered a fresh 52-week high in trade today, while 5 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.18% at 12763.7, whereas BSE Small-cap Index is trading up 0.06% at 12927.84.

Some buying activity is seen in FMCG and Realty while all other sectors are showing weakness on NSE.

Idea, Cipla, Grasim, GAIL and Yes Bank are among the gainers, whereas Axis Bank, Tata Motors, Adani Port, ICICI Bank and Infratel are losing sheen on NSE in the first trading hour.

The INDIA VIX is up 1.10% at 15.19.

Realty stocks gain in the opening hours. Godrej Properties is the top gainer in the first half hour of trading session on Friday.

Prestige is up by almost 2.70% and is trading at Rs 169.50 per share.

Unitech is up by 1.31% trading at Rs 4.64 per share.

DLF is up by 0.83% trading at Rs 133.30 per share

Godrej Properties is trading at Rs 334.45 per share up by 1.33%.

Tata Motors DVR is down by almost 2.21 % trading at Rs 330 per share. Tata Motors DVR has seen a spurt in OI of almost 15.44%.

Sensex closes down 53 points

Sensex eased marginally on Tuesday as oil-to-telecoms conglomerate Reliance Industries Ltd dragged on the market over concerns about spending at its telecom unit that overshadowed better-than-expected third-quarter earnings. The market is expected to move within a range ahead of corporate results and the government budget, analysts said, as more companies gear up to report earnings including Axis Bank and Yes Bank on Thursday. The government will unveil budget on 1 February and investors hope for incentives to support an economy hit by cash shortages after a ban on higher-value banknotes.

“Markets are more or less flat and will be range-bound ahead of quarterly results and the union budget wherein investors will watch out on how the allocation happens,” said Siddharth Purohit, senior research analyst with Angel Broking. Losses were led by Reliance Industries whose shares fell as much as 2.3% to its lowest since 29 December. While Reliance’s telecom unit Jio reported strong subscriber addition, its true potential will only become clear once it starts charging full price, which could still be some quarters away, Jefferies analysts wrote in a note. Among gainers, Tata Consultancy Services and Infosys Ltd reversed Monday’s losses and were up 0.8% and 0.2%, respectively.

3.30pm: BSE energy index falls by 2.11%, BSE oil & gas index decreases by 1.39%, while BSE metal index declines by 1.52%. BSE Sensex closes lower by 52.51 points, or 0.19%, to 27,235.66, while the Nifty 50 falls 14.80 points, or 0.18%, to 8,398.

3.09pm: BSE Sensex trades lower by 48 points, or 0.18%, to 27,240, while the Nifty 50 falls 9 points, or 0.10%, to 8,404. BSE energy index falls 2%, BSE oil & gas index declines 1.35% while BSE metal index falls 1.56%.

2.31pm: BSE Sensex trades lower by 88 points, or 0.32%, to 27,200, while the Nifty 50 falls 28 points, or 0.33%, to 8,385.

1.33pm: BSE Sensex trades lower by 72 points, or 0.26%, to 27,216, while the Nifty 50 falls 16 points, or 0.19%, to 8,396.

Live Stock Market Updates

the S&P BSE Sensex is trading at 27191 down 47 points, while NSE Nifty is trading at 8379 down 21 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 4 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.16% at 12659.06, whereas BSE Small-cap Index is trading up 0.13% at 12706.09.

Some buying activity is seen in Media, Metal, PSU Bank, Realty, while Auto, Bank, Financial Services, FMCG, IT, Pharma, Private Bank are showing weakness on BSE.

Axis Bank, ITC, HDFC, GAIL, Tech Mahindra are among the gainers, whereas Idea, TCS, Hindalco, Infosys, NTPC are losing sheen on NSE in the first trading hour.

The INDIA VIX is flat at 14.3825.

Sensex, Nifty edge higher

The BSE Mid-cap Index was up by 0.03% at 12,622, whereas BSE Small-cap Index was down by 0.19% at 12,682. Out of 1,908 stocks traded on the NSE, 1,021 declined, 592 advanced and 295 remained unchanged today.

The Indian stock market gained  for a third day with benchmarks extending their two-month high lead as some investors assessed that the impact of the demonetisation may be factored in and take positions ahead of the Union Budget early next month.

Nifty hit the new level of 8400 on Thursday even as many sectors including Auto, FMCG, Metal, Pharma and Realty are trading in red on Thursday.

At 1:25 PM, the BSE Sensex is trading higher by 120 points at 27,261, while the Nifty50 jumped 25 points at 8,406 mark. The Nifty50 hit 8,400 mark for the first time since Nov 11, 2016.

The BSE Mid-cap Index was up by 0.08% at 12,628, whereas BSE Small-cap Index was down by 0.01% at 12,705.

NTPC, Power Grid, Tata Power, L&T and Infosys were among the gainers, whereas Idea Cellular, Aurobindo Pharma, Coal India and Dr Reddy's were among those losing sheen on NSE.

A total of 42 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

Out of 1,908 stocks traded on the NSE, 918 declined, 679 advanced and 311 remained unchanged today.

Some buying was observed in power, utilities, IT, teck, capital goods, oil & gas banking and financial services sectors, while pharma, auto, metal and FMCG stocks are showed weakness on BSE.

The INDIA VIX was down 0.43% at 14.74.

The Indian rupee opened higher by 17 paise against US Dollar at 68.15 per dollar versus 68.32 Wednesday.

The BSE IT index is trading at 10086 levels up by 132 points or 1.3% on Thursday. Infosys has contributed to almost 70% of the index gains on Thursday in the first hour of the trade. Other IT stocks like Trigyn, Cyient, Kelton Tech are all up in the range of 2% to 4.5%.

The BSE Healthcare Index is down by almost 182 points or 1.21% trading at 14940 levels. Sun Pharma and DRL have contributed to almost 55% of the index fall. Sun Pharma is down by 1.89% trading at Rs 635 per share. DRL is trading at Rs 984 down by 2% in the first half hours of the day. Other pharma stocks like Cipla, Natco Pharma, Dishman Pharma, Lyka Labs are also down by more than 2%.

After a steady rally in markets on Wednesday, even as Nifty struggles to consolidate, it has gained over 8400 levels in Thursday's trading session, and Global Offshore has caught investors’ attention by gaining more than 3.5% on an intraday basis. Mumbai based, logistics service provider, Global Offshore Services Limited's stock has witnessed spurt in volumes by more than 2.26 times.

NTPC gained on bourses as it signed a non-binding MoU with Rajasthan Rajya Vidyut Utpadan Nigam Limited and Rajasthan Urja Vikas Nigam Limited for the takeover of Chhabra thermal power plant. The plant has two stages viz., Stage I of 4*250 MW and Stage II of 2*660 MW.

Steel Strips Wheels has bagged an order to supply wheels over a period of 3 months in the EU trailer market. Order comprises of 13” steel wheels to be supplied starting from February 2016. The stock of the company has reacted sharply to the news and is trading in green. The stock is up 2%.

Trigyn Technologies has hit its upper circuit on an intraday basis. Trigyn Technologies Inc., is recently in the news as a wholly-owned subsidiary of the company has been awarded Federal GSA's IT Schedule 70 Contract.

Nifty FMCG opened today at 21227.20 level, gaining 0.15% but then it started falling in the red zone. Currently FMCG index is trading at 21,104,90 level, down by 0.42%. Despite the FMCG index falling, following five FMCG stocks are trading in green on Thursday.
Godrej Consumers Product Limited is trading at Rs 1585.95 per share, up by 0.70%. Tata Global is trading at Rs 128.30 per share, up by 0.59%.
Marico is trading at Rs 261.10 per share, up by 0.04%.
GlaxoSmithKline Consumer Healthcare Limited is trading at Rs 5165.00 per share, up by 0.43%.

United Spirits Limited is trading at Rs 1926.00 per share, up by 0.42%.

Yen witnessed strong recovery against the greenback, as the differentials between US 10yr and Japanese bonds narrowed.

Conversely, Mexican Peso plummeted to fresh lows amid concerns of US automobile companies curtailing production capacity on Mexico and China as far as trade is concerned. It seems the uncertainty over his policies will aggravate after he assumes power. Markets will eventually see a political impasse entailing muddled negotiations when Trump outlines his economic plans, invariably inviting opposition from stubborn US Congress. Meanwhile, World Bank stated that Donald Trump's plan to cut corporate and personal income taxes can provide a boost to the global economy, but there is a serious concern over the anti-trade sentiment. Prevalent backdrop is indisputably conducive for the yellow metal, with prices expected to extend the prevalent northward journey.

Live Stock Market Updates

 The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

The Indian stock market declined for a second time in as many sessions as investors sold shares of automakers, lenders and technology companies. The Nifty came under pressure as it approached its crucial resistance level of 8,200, weighed down by losses in IT, banks, and auto stocks. 

 the S&P BSE Sensex is trading at 26,524 down 72 points, while NSE Nifty is trading at 8,154 down 25 points.

The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

Power Grid, Tata Motors, Hindalco, Tata Motor DVR and Tata Power are among the gainers, whereas Bank of Baroda, Hero MotoCorp, Infosys, Wipro and SBI are losing sheen on NSE.

A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Out of 1,866 stocks traded on the NSE, 509 declined, 887 advanced and 470 remained unchanged today.

Some buying is observed in metal, media and auto sectors while financial services, IT, Bank Nifty, FMCG are showing weakness on NSE.

The INDIA VIX is up 2.85% at 16.28.

Sensex slips over 100 points

Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.

The Indian stock markets open on a positive note but later pared gains to turn red on Monday,

At 9:32 AM, the S&P BSE Sensex is trading at 26,494 down 132 points, while NSE Nifty is trading at 8,154 down 31 points.

The BSE Mid-cap Index is trading up 0.01% at 12,032, whereas BSE Small-cap Index is trading up 0.46% at 12,101.

Eicher Motors, UltraTech Cement, Ambuja Cements, SBI and ACC are among the gainers, whereas Bajaj Auto, M&M, BoB and HDFC are losing sheen on NSE.

A total of six stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Out of 1,871 stocks traded on the NSE, 520 declined,918 advanced and 433 remained unchanged today.

Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.

The INDIA VIX is up 3.78% at 16.0500.

Asian indices opened in the green with most markets still in holiday mode. The retracement of the US$ saw currency gains for most countries which prompted buying in equities. Financials, materials & infra stocks gained with gold & oil prices seeing profit booking 

After a year of negligible gains for the Indian equity market, 2017 starts on hopes that this year will be better in many aspects. During the year, the Nifty hit a low of 6826 in Feb 2016 then surged to 8969 in September 2016. Then came a plethora of concerns which reduced the risk appetite for emerging markets. Trump's US presidential victory, strengthening of US Dollar and the demonetization drive dominated the headlines towards the end of the year.

The much-awaited New Year's address by Prime Minister Narendra Modi saw a slew of initiatives being announced which focused on the rural segment, small businesses, women and the banking sector.

The PM highlighted a stark reality that a mere 24 lakh Indians had declared that they had an annual income of above Rs 10 lakhs.
Bank stocks will be in focus after leading lenders announced a cut in loan rates. Profit booking is expected at higher levels later in the day unless global markets keep the momentum going.

The Indian economy remains one of the fastest growing economies as it grew 7.2% in the first half of the current fiscal.

Sensex jumps 200 points; Nifty above 8,150 mark

The BSE Mid-cap Index is trading up 1.33% at 12,062, whereas BSE Small-cap Index is trading up 1.10% at 12,085. Market sentiment was also boosted after Finance Minister Arun Jaitley said that government tax collection has gone up sharply, belying fears of sharp slowdown in the economy.


The Indian stock markets with the benchmarks advancing to their highest level in two-weeks. Nifty50 hits 8,150 mark on Friday. Market sentiment was also boosted after Finance Minister Arun Jaitley said that government tax collection has gone up sharply, belying fears of sharp slowdown in the economy.

At 10:11 AM, the S&P BSE Sensex is trading at 26,517 up 152 points, while NSE Nifty is trading at 8,164 up 61 points.

The BSE Mid-cap Index is trading up 1.33% at 12,062, whereas BSE Small-cap Index is trading up 1.10% at 12,085.

Tata Motors DVR, Cipla, Maruti Suzuki, HCL Tech and UltraTech Cements are among the gainers, whereas BPCL, Idea Cellular, NTPC, IndusInd Bank and Wipro are losing sheen on NSE.

A total of four stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Out of 1,828 stocks traded on the NSE, 357 declined, 1,026 advanced and 445 remained unchanged today.

Some buying is observed in industrial, financial services, IT, banking, metal, power, realty and auto sectors while telecom is showing weakness on BSE.

The INDIA VIX is down 1.63% at 15.0325.

Most  Asian indices opened flat with the Japanese 'Nikkei" trading in the red for another day aping the decline in US indices.
Year end profit booking and subsequent value buying is the order of the past few days and may continue for the next few days. Fall in bond yields, weakness in US$ are prompting buying in most emerging markets with Brazil and India seeing relative gains.  

The vagaries of the stock market have given sleepless nights on many occasions during the year. As the year 2016 rolls by, it's evident that we live in a world loaded with new risks emerging at regular intervals.

The deadline to exchange old high value currency notes comes to an end today and the attention is on what Prime Minister Narendra Modi will unleash in his much anticipated speech on the eve of New Year. Reports indicate that the inconveniences of the demonetisation may soon be history as the PM is set to announce a host of measures that will propel the economy back on the growth track. The FM sought to assuage any fears by throwing up facts stating that November saw a rise in tax collection; an increase in rabi sowing, higher air traffic and increased insurance premiums. 

The government is proposing a staggered relaxation of existing restrictions on cash withdrawals from banks after 30 December. This is aimed at smoothening the transition as the Reserve Bank of India (RBI) supplies new currency notes.

The banking sector continues to face “significant” levels of stress but the financial system remains stable overall after moves to enhance transparency, Reserve Bank of India (RBI) governor Urjit Patel said in the biannual Financial Stability Report.

Sensex closes up 406 points

BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the NSE rose 124.60 points, or 1.58%, to 8,032.85

BSE Sensex recovered on Tuesday largely on the back of value buying in blue-chip stocks such as Cipla, Reliance Industries and TCS. The 30-share index rebounded with all sectoral indices led by consumer durables, health care, IT, FMCG, auto and capital goods stocks trading in the positive zone.

The barometer had lost 233.60 points in the previous session. Brokers said value-based buying at some blue-chip counters, which are heavily over-sold and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday supported the recovery. IT majors TCS and Infosys and oil giant RIL advanced, helping the Sensex trade in the green.

3.30pm: The 30-share S&P BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the National Stock Exchange (NSE) rose 124.60 points, or 1.58%, to 8,032.85.

3.15pm: The 30-share S&P BSE Sensex is currently trading higher by 426 points, or 1.65%, to 26,234, while the Nifty 50 of the National Stock Exchange (NSE) rises 130 points, or 1.65%, to 8,039

2.31pm: Godfrey Phillips Ltd shares rise 20% to trade at Rs999 against the previous session’s closing of Rs832.50.

2.26pm: The 30-share S&P BSE Sensex is currently trading higher by 227 points, or 0.88%, to 26,035, while the Nifty 50 of the NSE rises 67 points, or 0.84%, to 7,975.

Sensex nosedives 262 points

The Sensex and Nifty fell for a seventh consecutive session on Thursday, their longest losing streak in one-and-a-half years, in the absence of any major triggers and a likely hit to quarterly earnings from demonetisation.

Heavy FII outflows ahead of key US and ECB economic data later today, coupled with muted sentiment ahead of holidays, dampened the trading sentiment.

The benchmark BSE index Sensex nosedived 262.78 points to a nearly one-month low of 25,979.60 and the NSE index Nifty fell 82.20 points to 7,979.10.

Among BSE sectoral indices, metal index fell the most by 2.78 per cent, followed by infrastructure 2.06 per cent, consumer durables 1.9 per cent and power 1.67 per cent.

Top five Sensex losers were Adani Ports (-3.56%), Tata Steel (-3.09%), ONGC (-3.03%), Bharti Airtel (-2.98%) and SBI (-2.12%), while the only four gainers were ITC (+0.51%), Asian Paints (+0.38%), Wipro (+0.26%), and Tata Motors (+0.19%).

FII selling

Indian shares, like their regional counterparts, have taken a hit due to the Federal Reserve's hawkish US interest rate forecast last week that led to foreign selling in emerging markets.

In India, foreign institutional investors have sold a net $250.28 million in shares this month as of December 20.

Analysts said investors were booking profits due to a lack of a clear domestic triggers and persisting worries about the impact from a ban on higher value banknotes on the economy and corporate profits.

“There is no clarity in the expectations of earnings routes for investors,” said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

According to the Japanese financial services major Nomura, damage to India’s economic growth is likely to be bigger than RBI’s estimates, as there could be a sharper slowdown in the near term and cash shortage is likely to extend to the first quarter of the next year.

Meanwhile, investments in domestic capital markets through participatory notes (P-Notes) plunged to its lowest level in nearly three years to Rs. 1.79 lakh crore in end-November.

“Due to demonetisation, earnings for the December quarter is expected to be tepid, and there are also expectations that the impact could be carried into the next fiscal year.”

Sensex and Nifty volatile, Bank and Metal stocks up

the S&P BSE Sensex is trading at 26350 up 42 points, while NSE Nifty is trading at 8,097 up 15 points.

Nifty and Sensex both volatile, however, for a brief moment Nifty had reclaimed the 8100 mark. Nifty sectoral indices are trading on a mixed note. Nifty Metal, Financial Services, PSU Bank, and Realty are trading in green while Nifty FMCG and Media were in red and down 0.5%.
Asian indices opened in the green with the Japanese index "Nikkei" gaining for 11 of the last 12 sessions. Overnight Dow Jones closed setting new record highs and closed within 25 points of 20000. Banks led the gains which could spill over to Asian indices also. Strength in the US$, steady flow of ETF money and rise in US bond yields have been the theme after the Trump victory last month.

The benchmark indices of the US including Dow Jones and Nasdaq ended at record highs. Dow Jones missed the 20000 mark by a marginal 25 points. The sentiment was high and positive on the hope of increase in spending towards infrastructure and indicated drop in taxes by President-elect Donald Trump. S&P 500 closed at 2270 up 0.36%, Dow Jones Industrial Average ended at 19974 up 0.46% and Nasdaq Composite ended at 5483 up 0.49%. 

The major Asian Indices started off on a positive note, which due to positive outlook of the US indices. Trade volumes were low ahead of the year-end and Christmas holidays, but gains in crude oil and the overall resilience to geopolitical tensions helped shares gain. Hong Kong's Hang Seng opened at 21,770, Japan's Nikkei 225 opened at 19,547, China's Shanghai Composite started at 3,107 and Singapore's Straits Times opened at 2,912. In the morning, Hang Seng had gained over 100 points. At time of filing this report, the mentioned indices were all trading in green.

Foreign institutional investors (FIIs) net sold stock futures worth Rs 9.42 billion and bought index futures worth Rs 1.88 billion on the NSE. They also net sold index options worth Rs 2.75 billion. FIIs net sold Indian shares worth Rs 6.86 billion on the BSE, NSE, and the Metropolitan Stock Exchange combined. Domestic institutional investors (DIIs) net bought shares worth Rs 4.19 billion.
the S&P BSE Sensex is trading at 26350 up 42 points, while NSE Nifty is trading at 8,097 up 15 points. A total of 7 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Out of 1878 stocks traded on the NSE, 539 declined, 912 advanced and 427 remained unchanged today.

The BSE Mid-cap Index is trading up 0.20% at 12027, whereas BSE Small-cap Index is trading down 0.33% at 11986.

Some buying activities is observed in Bank, Metal, Auto, Capital Goods sectors, while Oil & Gas, Consumer Durables, FMCG, Energy are showing weakness on BSE.

Hindalco, Eicher Motors, HDFC, Ultratech Cement, ACC, Bosch, SBI, Tata Steel, Asian Paints, Idea are among the gainers, whereas BPCL, GAIL, ZEE, ITC, TCS, Tata Motors, Dr Reddy, Hero Motocorp, Infratel, Sun Pharma are losing sheen on NSE.

The INDIA VIX is down 2.49% at 14.17.

Buzzing Stocks:

IRB Infra unit gets arbitral amount of Rs 20.55 crore from NHAI.Sun Pharma completes 85.1%  acquisition of Russia's JSC Biosintez.

Bajaj Hindusthan Sugar Ltd plans to sell its co-generation power business to its group company Lalitpur Power Generation Company Ltd (LPGCL) for about Rs18 billion.

Jyoti Structures wins $15 mn order from South Africa's ESKOM.

Welspun Enterprises Ltd said its board of directors will meet later this week to consider buyback of equity shares.

Seamec in pact for charter hire agreement with National Petroleum Construction Co.

Sun Pharma said one of its subsidiaries has voluntarily requested the US health regulator to withdraw approval for 28 abbreviated new drug applications belonging to Ranbaxy Laboratories.

Oriental Carbon: Commercial prodn of 1st phase at Mundra SEZ ahead of schedule.

Future Enterprises (FEL) will be selling 16% stake in Future Lifestyle for Rs 3.80 billion, a notice to the stock exchanges. FEL owns the physical assets or the store formats and infrastructure assets in the stores of Future Retail and Bharti retail.

NIIT Tech in settlement agreement with Govt firm for contract that was previously on hold.

8K Miles Software Services has announced the acquisition of Cornerstone Advisors Group LLC for $

10.25 million. The acquisition, through its US-subsidiary, is subject to customary closing conditions and is expected to conclude in the quarter ending March 31, 2017.

Tridevi Capital Partners to invest USD20mn in Prabha Energy Private Limited, a subsidiary of Deep Industries Limited. The subsidiary valuation is estimated to be $ 50 million.Jubilant Life Sciences, a global leader in the pyridine, picolines and nutrition industry, announced a price increase of up to 15% on select products.

Cognizant Technology Solutions has acquired the technology and business process services unit of Frontica Business Solutions AS, helping it gain access to capabilities in the oil and gas sector.

The US Food and Drug Administration (USFDA) has issued Form 483 observations against Unit I of Aurobindo Pharma Limited in Hyderabad.

Oil and Natural Gas Corporation has tied up with Hughes Communications India to revamp and upgrade its existing satellite network across India.

Vedanta Resources has been ordered by London High Court to pay over $ 100million to a Zambian investment company related to a 2013 copper price agreement.

Sensex, Nifty regain, IT stocks up

The S&P BSE Sensex is trading at 26666 up 63 points, while NSE Nifty is trading at 8,205 up 23 points.In a positive turn of events, Sensex and Nifty regained back from the losses it made at the start of the market hours and are now trading in green.

Asian markets opened weak with the exception of the Japanese 'Nikkei" index which traded higher on the back of a weaker yen. Initial reaction to the Federal Reserve rate hike saw bond yields rise and the US $ get stronger which as a follow through will see most Asian indices trade in the red. Gold prices hit new 1 year lows and oil prices also traded near US $ 50 which should see return of smart money to equity with Asian stocks becoming value picks after the sharp under performance.

After almost ending the markets on a high note, following the hawkish US Fed rate outlook, benchmark indices of the US, ended on a lower note. The US central bank said it now sees interest rates rising by 75 bps in 2017 compared to a hike of 50 bps estimated earlier. The US Federal Reserve raised interest rates for the second time in a decade by 25 bps. S&P 500 ended at 2253.2 down 0.81%, Dow Jones Industrial Average closed at 19792.5 down 0.60% and Nasdaq Composite ended at 5436.6 down 0.50%.
  
Foreign institutional investors (FII) net sold index futures worth Rs 797.7 million, but bought stock futures worth Rs 1.1 billion on the NSE. FIIs net sold index options worth Rs 20 billion, while FIIs net sold Indian shares worth Rs 6.3 billion on the BSE, NSE, and Metropolitan Stock Exchange combined. Domestic institutional investors (DII) net bought shares worth Rs 2.1 billion. Following the US Fed rate hike, all Indian ADRs end down 1-3% on Wednesday tracking weakness in US markets. In losing list, HDFC Bank, Sify and Vedanta were the worst performing, paring over 2% each.

At 9:52 AM, the S&P BSE Sensex is trading at 26666 up 63 points, while NSE Nifty is trading at 8,205 up 23 points. A total of 10 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

Out of 1879 stocks traded on the NSE, 467 declined, 998 advanced and 414 remained unchanged today.

The BSE Mid-cap Index is trading up 0.38% at 12287.50, whereas BSE Small-cap Index is trading up 0.60% at 12190.68.

Some buying activity is observed in Information Technology, Auto, Bank, Telecommunications, Consumer Durables sectors, while Healthcare, FMCG, Basic Materials, Utilities, Power are showing weakness on BSE.

TCS, Adani Ports, Infosys, HCL, M&M, Bajaj Auto, SBI, Bank of Baroda are among the gainers, whereas Sun Pharma, Bharti Airtel, ONGC, Tata Motor DVR, Zee, HUL are losing sheen on NSE.

The INDIA VIX is down 5.99% at 15.5975.

The SGX Nifty 50 December futures were marginally up today.

Buzzing Stocks:
Infosys stocks up +1.53%, Company makes announcement on investment plans in ideaForge.
An overwhelming majority of shareholders of Tata Consultancy Services (TCS) voted to oust Cyrus Mistry as Director from the company’s board at the company’s extraordinary general meeting (EGM) held in Mumbai.

The US drug regulator has flagged serious problems with the testing programmes at drugmaker Sun Pharma's manufacturing facility at Halol.

Bharti Airtel and Vodafone India are pushing ahead the government's broad agenda to move towards cashless economy, at a time when demonetisation has crippled cash payments due to inadequate cash in the system. 

Bajaj Electricals has entered into a strategic alliance with the UK-based firm Gooee to create lighting products and solutions on the Internet of Things (IoT) platform.

NTPC has lined up investments worth Rs 26.48 bn for developing three coal blocks in Odisha.
Lupin has received approval from the US health regulator to market its Desoximetasone ointment, used for providing relief from inflammation and itching in a skin disease.

Indian Oil Corp sought up to 80,000t of 40ppm sulphur diesel for delivery in late December. 
Welspun India Ltd announced its foray into flooring solutions with an investment of Rs6bn to set up a manufacturing facility for carpets, area rugs and carpet tiles at Anjar in Kutch district of Gujarat.
Wipro chief executive has split the information technology (IT) major's India and Middle East (West Asia) business in two. And, carved a separate hyper automation group by consolidating the Artificial Intelligence (AI) assets such as Holmes that would be headed by its chief technology officer, K R Sanjiv. 
NTPC has decided to replace over 25-year-old power plants totaling 11GW capacity in the next five years at an investment of Rs 500 billion.

Positive global cues lift equity markets

Mumbai, Dec 6 (IANS) Hopes of a monetary policy easing, coupled with broadly positive global cues,along with rupee appreciation lifted the Indian equity markets during the early morning trade session on Tuesday. The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched-up by 23.25 points or 0.29 per cent to 8,152 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,403.62 points, traded at 26,409.90 points (at 9.30 a.m.) — up 60.80 points or 0.23 per cent from the previous close at 26,349.10 points. The Sensex has so far touched a high of 26,481.78 points and a low of 26,393.99 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bears — with 1,099 advances and 365 declines. On Monday, the Indian equity markets ended on a higher note, as investors’ sentiments were buoyed on hopes of a monetary policy easing and positive global cues.

The barometer index gained by 118.44 points or 0.45 per cent to 26,349.10 points, while the NSE Nifty edged higher by 41.95 points or 0.52 per cent to 8,128.75 points.

Sensex, Nifty choppy

The S&P BSE Sensex is trading at 26671.60 up 20.85 points, while NSE Nifty is trading at 8,221 down 1.80 points.

The November data highlighted an eleventh consecutive monthly improvement in manufacturing conditions across India, with the headline seasonally adjusted Nikkei India Manufacturing Purchasing Managers’ Index (PMI) registering 52.3. However, down from October’s 22-month high of 54.4, the latest reading pointed to a modest upturn overall.

At 11:10 AM, the S&P BSE Sensex is trading at 26671.60 up 20.85 points, while NSE Nifty is trading at 8,221 down 1.80 points. A total of 20 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.37% at 12452.83, whereas BSE Small-cap Index is trading down 0.02% at 12326.82.

Some buying activity is seen in pharma and FMCG, while Banking, Metal, Auto, Oil & Gas are showing weakness on BSE.

GAIL, Eicher Motors, ONGC, InfraTel, Lupin, Cipla, Reliance are among the gainers, whereas BPCL, Asian Paints, Tata Motors, ICICI Bank, PowerGrid are losing sheen on BSE.

The INDIA VIX is down 1.45% at 16.6050. Out of 1,877 stocks traded on the NSE, 840 declined, 691 advanced and 346 remained unchanged today.