Live Stock Market Updates - Sensex slips over 100 points

The BSE Mid-cap Index is trading up 0.36% at 12,225, whereas BSE Small-cap Index is trading up 0.28% at 12,061. The INDIA VIX is down 1.09% at 15.8150. Out of 1,831 stocks traded on the NSE, 809 declined, 724 advanced and 298 remained unchanged today.

Stock Cash Tips - The BSE Sensex opened 64.18 focuses up at 27980.07, while Nifty opened 16.85 focuses up at 8,582.70. The business sector opened hardly higher yet slipped into the negative zone regardless of positive worldwide signals.

Opinion likewise stayed light as a decent rainstorm season so far lifted any desires for a recovery in homestead yield and additionally wage and on hopefulness over the GST bill's section. The business sector will concentrate on ECB rate-setting meeting later today.

At 12:57 PM, the S&P BSE Sensex is exchanging at 27,816 down 100 focuses, while NSE Nifty is exchanging at 8,544 down 22 focuses.

The BSE Mid-top Index is exchanging up 0.36% at 12,225, while BSE Small-top Index is exchanging up 0.28% at 12,061.

Adani Ports, Cipla, Sun Pharma, Asian Paints, ONGC and Bajaj-Auto are among the gainers, while Axis Bank, Dr.Reddy's, PowerGrid, Tata Steel, M&M, Infosys and L&T are losing sheen on BSE.

Some purchasing movement is found in oil and gas, realty, pharma, FMCG, vitality, customer durables, telecom and auto parts, while power, IT, capital merchandise, saving money, metal, utilities and teck are demonstrating shortcoming on BSE.

The INDIA VIX is down 1.09% at 15.8150. Out of 1,831 stocks exchanged on the NSE, 809 declined, 724 progressed and 298 stayed unaltered today.

An aggregate of 76 stocks enrolled a crisp 52-week high in exchanges today, while 16 stocks touched another 52-week low on the NSE.

The Indian rupee opened lower by three paise at 67.22/$ against US Dollar Thursday as against the past close of 67.19/$.

Asian markets are exchanging blended. Japan's Nikkei picked up 1%, Hong Kong's Hang Seng and Shanghai Composite are exchanging green.

US markets shut higher. The Dow Jones rose 0.19%, to 18,595.03, while S&P 500 increased 0.43% to 2,173.02. The Nasdaq Composite added 1.06% to 5,089.93.

On the economy front, FDI amid October 2014 and May this year was higher by 46% to US$ 61.58 billion, Parliament allegedly said. NITI Aayog Member Debroy and CEO Kant to address workshop on Public Private Partnership in Urban Infrastructure in New Delhi.

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Author : Stock Market tips{Ways2Capital}

Live Stock Market Updates - Sensex, Nifty solidify pick up

The BSE Mid-cap Index is trading up 0.72% at 12,071, whereas BSE Small-cap Index is trading up 0.74% at 11,909. Out of 1,833 stocks traded on the NSE, 468 declined, 1,070 advanced and 295 remained unchanged today.

The Indian securities exchanges opened a touch higher regardless of blended worldwide signs and disillusioning quarterly results from Wipro.The BSE Sensex opened 11.92 focuses down at 27,775.70, while NSE Nifty opened 13.10 focuses down at 8,515.45.

At 12:47 PM, the S&P BSE Sensex is exchanging at 27,863 up 75 focuses, while NSE Nifty is exchanging at 8,551 up 22 focuses.

The BSE Mid-top Index is exchanging up 0.72% at 12,071, while BSE Small-top Index is exchanging up 0.74% at 11,909.

GAIL, PowerGrid, Coal India, Hero MotoCorp, Bajaj-Auto and HDFC Bank are among the gainers, while Wipro, ICICI Bank, Infosys, HDFC, Axis Bank and Tata Steel are losing sheen on BSE.

Some purchasing movement is found in realty, pharma, oil and gas, vitality, utilities, power, mechanical, FMCG, capital merchandise and keeping money areas, while IT, telecom and teck are indicating shortcoming on BSE.

The INDIA VIX is up 0.09% at 15.8100. Out of 1,833 stocks exchanged on the NSE, 468 declined, 1,070 progressed and 295 stayed unaltered today.

An aggregate of 43 stocks enlisted a new 52-week high in exchanges today, while 12 stocks touched another 52-week low on the NSE.

Aurobindo Pharma zoomed 4% after the organization has gotten last endorsement from the US Food and Drug Administration (USFDA) to produce and market Rosuvastatin Calcium Tablets, 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).

SpiceJet progressed 1% to Rs.63.50 in the wake of garnish the rundown in notoriety rankings among household private carriers.

Bharti Airtel and Idea Cellular exchanging lower after a media report the Department of Telecommunications (DoT) has begun issuing request notification to telecom administrators for under-reporting incomes amid the 2008-09 financial.

Bharat Heavy Electricals Limited increased 1.5% after the organization has effectively dispatched the third unit of the 4x40 MW Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal.

Glenmark Pharmaceuticals bounced 1.9% to Rs.850 after the organization said it has gotten last endorsement from the US wellbeing controller USFDA for Rosuvastatin calcium tablets, utilized as a part of bringing down cholesterol.

Steel Strips Wheels Ltd climbed 1.6% after the organization has stowed its lady trade request from Mobius Motors, Kinya. Supplies would be executed from SSWL'S Dappar plant in Punjab.

Anant Raj hopped 13% to Rs.53.15 the organization's board has endorsed demerger of a few operations. Under the arrangement, the organization will demerge the land division of Anant Raj Agencies into Taurus Promoters and Developers and the rest of the matter of Anant Raj Agencies will be converged with Anant Raj. This demerger is being done to streamline the promoter holding structure in Anant Raj.

Wipro tumbled 3.3% to Rs.531. The organization disillusioned as combined Profit after assessment (PAT) of the organization remained at Rs. 2052 crore in Q1 FY17 as contrasted and Rs.2238 crore in Q4 FY16.

Piramal Enterprises took off 5% to Rs. 1645. The Board of Directors of the Company to consider and affirm the issue of secured non-convertible debentures adding up to Rs. 1,000 crores on a private arrangement premise.

DLF increased 1.4% to Rs.154. DLF Home Developers Limited went into joint endeavor concurrences with Ridgewood Holdings Limited for improvement of seven private undertakings in the urban communities of Bangalore, Chennai, Kochi and Indore.

Coal India rose 1.2% after the organization has looked for shareholders' endorsement for the buyback of 10.98 crore offers worth Rs.3,650 crore.

DHFL exchanging possibly bring down at Rs.216.The organization will declare its Q1 numbers today.

Crisil slipped 1.5% to Rs.2058. The organization posted a net benefit of Rs.698.10 mn for the quarter finished June 30, 2016 when contrasted with Rs.649.20 million for the quarter finished June 30, 2015.

Punjab and Sind Bank slipped 1.6% to Rs.48.80. The bank has updated financing cost on term stores of not as much as Rupees one crore, for 1 year to 2 years from 7.55% to 7.40%, with impact from July 20, 2016.

Ultratech Cement rises 1% after the organization reported combined net benefit of Rs.780.11 crore for the quarter finished June 30, 2016, enlisting development of 29.17% yoy.

MPS dropped 2.4% to Rs.682. The organization's net benefit expanded 16.55% to Rs.16.76 crore in the quarter finished June 2016 as against Rs.14.38 crore amid the past quarter finished June 2015.

Hindalco exchanging possibly higher on BSE after Reserve Bank of India has affirmed Australian mineworker Metal X's enhanced takeover offer for its auxiliary Aditya Birla Minerals Ltd (ABML).

JBM Auto surged 5.5%. The organization said it will contribute Rs.300 crore for improvement and assembling of electric and half and half transports in India through its joint endeavor with Poland's Solaris Bus and Coach.

Linde India Limited slipped 2%. The organization's net income for the quarter at Rs.428.5 crore, developed by 15% contrasted with same quarter a year ago.

Cupid increased 1.2% on BSE. Cupid has educated BSE that it has gotten affirmation from United Nations Population Fund (UNFPA) on expansion of its non-select long haul understanding for male latex condoms for a long time.

The Indian rupee opened lower by five paise at 67.15/$ against US Dollar Wednesday as against the past close of 67.10/$.

Asian markets are exchanging blended. Japan's Nikkei slipped 0.73%, Hong Kong's Hang Seng increased 0.73% and Shanghai Composite is exchanging red. US markets shut blended on powerless quarterly results from Netflix Inc. S&P 500 at 2,163 focuses shut down 0.14%.

On Tuesday, the IMF marginally trimmed India's development projections to 7.4% for 2016 and 2017, a drop of 0.1% from its past conjecture. The worldwide loaning organization likewise said that Brexit has brought about worldwide financial instability.

The administration on Tuesday gave Rs. 22,915 crore cash-flow to 13 PSU banks including SBI, PNB and IOB to upgrade their loaning operations and empower them to raise more cash from the business sector.

On the political front, the administration proceeded with its endeavors to construct an accord over the section of the GST bill in this Parliament session even as Bihar Chief Minister Nitish Kumar met FM Arun Jaitley after which he offered JD (U's) backing to the enactment.

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Live Stock Market Updates - Nifty settles above 8,500 mark

Finally, the BSE Sensex ended with a gain of 41 points at 27,788. The BSE Sensex opened at 27,790 touched an intra-day high of 27,826.69 and low of 27,638.

Closing Bell:

Finally, the BSE Sensex ended with a gain of 41 points at 27,788. The BSE Sensex opened at 27,790 touched an intra-day high of 27,826.69 and low of 27,638.

The NSE Nifty closed with a gain of 20 points at 8,529. The NSE Nifty opened at 8,514.30 hitting a high of 8,540 and low of 8,477.

Among the 51-stocks of Nifty, BPCL, Idea Cellular, ICICI Bank, PowerGrid, Lupin, Bosch, Tata MotorsDVR and Zee were among the gainers on NSE, whereas HUL, IndusInd Bank, Yes Bank, Eicher Motors, Axis Bank, Coal India and Hero MotoCorp were among the losers today.

Live Market:

The Indian stock markets were trading on a flat note amid mixed global clues and hopes of passage of the GST bill in Rajya Sabha. The Central Bank of India on Tuesday allocated Rs.22,915 crore for the recapitalization needs of public sector banks during the year 2016-17.

Global rating agency Fitch affirmed India's sovereign ratings at 'BBB-' with stable outlook as it expects India's GDP to accelerate to 7.7 per cent in the current fiscal. Fitch also raised various concerns including weak private investment and monetary policy transmission.

At 2:25 PM, the S&P BSE Sensex is trading at 27,686 down 60 points, while NSE Nifty is trading at 8,490 down 18 points.

The BSE Mid-cap Index is trading down 0.47% at 12,005, whereas BSE Small-cap Index is trading down 0.46% at 11,868.

PowerGrid, ICICI Bank, TCS, Lupin, Tata Motors, Sun Pharma and Adani Ports are among the gainers, whereas HUL, M&M, HDFC Bank, Hero MotoCorp, Cipla, GAILand Axis Bank are losing sheen on BSE.

Some buying activity is seen in oil and gas, utilities, power and energy sectors, while FMCG, consumer durables, realty, finance and banking are showing weakness on BSE.

The INDIA VIX is down 0.20% at 15.9550. Out of 1,835 stocks traded on the NSE, 985 declined, 582 advanced and 268 remained unchanged today.

A total of 41 stocks registered a fresh 52-week high in trades today, while 17 stocks touched a new 52-week low on the NSE.

State Bank of India,PNB, Bank of India, Canara Bank, Allahabad Bank, Indian Overseas Bank, Syndicate Bank and Bank of Baroda etc advanced 1-4% each after the government gave Rs.22,915 crore to PSU banks as first tranche of recapitalisation money.

Mindtree slumped 5.9% to Rs.578.The stock is currently, trading on a 52-week low on BSE. The company reported a consolidated net profit of Rs. 123.5 crore for the quarter ended 30th June, 2016 registering a decline of 7.14% qoq and 3.74% yoy.

JSW Energy zoomed 1.9% to Rs.81.70. JSW Energy has agreed to acquire the 500 MW (2X250 MW) thermal power plant located at Bina in Madhya Pradesh.

Jaiprakash Power Ventures soared 7% Rs.6.50. The company posted a net loss of Rs.1961.60 million for the quarter ended June 30, 2016 where as the net profit was at Rs.669.60 million for the quarter ended June 30, 2015.

HUL dropped 2.3% to Rs.899. The company’s standalone revenue stood at Rs.8218.18 crore, rising 5.27% qoq and 3.62% yoy. The company is aiming to become the largest e-commerce player in the grocery/FMCG segment soon.

National Aluminium Company Ltd rose 1.9% to Rs.47.50 after the state-run company has signed a pact with the Union Ministry of Mines to meet revenue target Rs.7,100 crore revenue from operations.

Gruh Finance slipped 1.4% to Rs.295 after the company posted 19.6 % rise in net profit at Rs.60.18 crore for the first quarter ended June 30.

Wipro trading marginally lower at Rs.549.The IT major will announce its first quarter numbers later in the day on Tuesday.

Ultratech Cement rose 1.7% to Rs.3559.60.The cement company will announce its Q1 results today.

Camlin Fine Sciences surged 4.1% to Rs.95.25. The company said that State Level Environment Impact Assessment Authority, Gujarat, has granted environment clearance to set up a manufacuring facility for hydroquinone/catechol and its downstream products at the Dahej SEZ. It had investment plans of Rs.180 crore for the unit.

Indiabulls Real Estate slipped 1% to Rs.85.50. The company said that it has raised Rs.20 crore through issue of non-convertible debentures on private placement basis.

Syndicate Bank gained 0.45% after the bank said it has raised Rs.930 crore in the form of unsecured non-convertible (UNC).

Idea Cellular jumped 2.5% to Rs.106.55 after the company slashed the rates of its 4G, 3G BIG Internet packs by upto 67%.

Hotel Leelaventure rose 2% after the Delhi High Court passed a judgment on July 15, 2016 setting aside the award passed by the sole arbitrator in favour of the company, under which it was held that the minimum guaranteed amounts set out in the supplemental agreement dated February 07, 1994 between the Company and Airports Authority of India (AAI) had become impossible of performance.

Exide Industries Ltd stock was lower by 2% at Rs.176.The company posted a net profit of Rs. 1960.50 million for the quarter ended June 30, 2016 as compared to Rs. 1557.10 million for the quarter ended June 30, 2015.

Adani Power gained 1.2% to Rs.28.65 after the company seeks shareholders approval to raise up to Rs.10,000 crore through issuance of equity shares or other instruments like GDR, ADR or debentures.

Samruddhi Realty jumped 6.3% after the company has announced that the Board of Directors of the Company has approved the proposal for issue Non Convertible Debentures (NCDs) on private placement basis aggregating to Rs.75 crore in different tranches.

On the international front, Chinese Yuan continues to descend, with values now at 6.7 levels. PBOC is reported to be comfortable with further fall in Renminbi till 6.8 levels against the greenback. Although PBOC has ruled out any practice of competitive devaluation, it is palpable that Beijing will take measures to safeguard exports amid slowing global markets.

Asian markets are trading mixed. Japan's Nikkei gained 0.47%, Hong Kong's Hang Seng and Shanghai Composite are trading marginally down. US markets closed with gains. S&P 500 gained 0.24% to 2,166. The Dow Jones rose 0.09% to 18,533.05.The Nasdaq Composite added 0.52% to 5,055.78.

The National Green Tribunal has directed the Delhi government’s transport department to deregister diesel vehicles that are more than 10 years old.

ICICI Prudential Life Insurance Co. Ltd, an arm of ICICI Bank Ltd, plans to seek a stock exchange listing through an initial public offering (IPO).

According to media reports, more than seven lakh customers with above Rs.10 lakh annual income have so far been identified and stopped from availing of cooking gas subsidy under the government programme to end state support to high-income consumers.

On the political front, Rajya Sabha passed a bill providing for setting up a regional centre for Biotechnology, which will act as a mentor institution and focus on training of skilled manpower as well as work on research and development.

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Author : Ways2Capital

Live Stock Market Updates - Sensex recaptures 28K-level; Nifty nears 8600 imprint

The INDIA VIX is up 2.55% at 16.0375. Out of 1,834 stocks traded on the NSE, 451 declined, 1,069 advanced and 314 remained unchanged today.

The BSE Sensex opened 84.16 points up at 27,920.66, while NSE Nifty opened 22.65 points up at 8,564.05. At 10:59 AM, the S&P BSE Sensex is trading at 28,002 up 165 points, while NSE Nifty is trading at 8,580 up 39 points.

The BSE Mid-cap Index is trading up 0.37% at 12,170, whereas BSE Small-cap Index is trading up  0.73% at 12,067.

Maruti Suzuki, Tata Motors, Asian Paints, RIL and Bajaj-Auto are among the gainers, whereas ONGC, NTPC, Wipro, Cipla and Bharti Airtel are losing sheen on BSE.

Some buying activity is seen in auto, realty, industrial, banking, energy and finance sectors, while FMCG and consumer durables sectors are showing weakness on BSE.

The INDIA VIX is up 2.55% at 16.0375. Out of 1,834 stocks traded on the NSE, 451 declined, 1,069 advanced and 314 remained unchanged today.

A total of 57 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by eight paise at 67.15/$ against US Dollar Monday as against the previous close of 67/.07$.

MindTree slipped 1% to Rs.629.55 on BSE. The IT company will announce its Q1 result today.

Asian markets are trading mixed. Japan's Nikkei gained 0.68%, Hong Kong's Hang Seng was up 0.5% and Shanghai Composite are trading marginally lower. US stocks closed mixed on Friday.

Prime Minister Narendra Modi on Sunday sought the Opposition's cooperation in the passage of GST Bill. The Opposition is set to target the government over developments in Arunachal Pradesh and Kashmir during parliament's monsoon session starting today.

On the economy front, India's exports in June were USD 22.5 billion compared with USD 22.2 billion in the year ago period while imports declined 7.33% to USD 30.6 billion from USD 33.1 billion in June 2015.

Meanwhile, the trade deficit widened to USD 8.1 billion vis-a-vis USD 6.27 billion in May.

Results to watch out for include HUL, Mindtree and Exide Industries among others. India's foreign exchange reserves fell by $ 1.228 billion to $ 361.943 billion in the week ended July 8, the Reserve Bank of India said. India's India's reserve position in the International Monetary Fund (IMF) went down by $ 5.9 million to $ 2.389 billion, the bulletin added.

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Live Stock Market Updates - Sensex slips more than 150 focuses

The BSE Mid-top Index is exchanging up 0.37% at 12,158, while BSE Small-top Index is exchanging down 0.11% at 12,055. Some purchasing action is found in shopper durables, telecom, FMCG and pharma divisions, while power, utilities, mechanical, vitality and oil and gas parts are demonstrating shortcoming on BSE.

The Indian securities exchanges opened hardly higher on positive worldwide prompts. The BSE Sensex crossed the mental sign of 28,000 in the early exchange. The BSE Sensex opened 24.03 focuses up at 27966.14, while NSE Nifty opened 0.45 focuses up at 8565.45.

At 9:53 AM, the S&P BSE Sensex is exchanging at 27,961 up 19 focuses, while NSE Nifty is exchanging at 8,569 up simple five focuses.

The BSE Mid-top Index is exchanging up 0.37% at 12,158, while BSE Small-top Index is exchanging down 0.11% at 12,055.

Adani Ports, ITC, M&M, SBI, Hero MotoCorp, Infosys and HUL are among the gainers, while NTPC, HDFC, TCS, Coal India, Tata Steel, GAIL and PowerGrid are losing sheen on BSE.

Some purchasing movement is found in customer durables, telecom, FMCG and pharma areas, while power, utilities, modern, vitality and oil and gas parts are demonstrating shortcoming on BSE.

The INDIA VIX is up 3.82% at 16.2075. Out of 1,821 stocks exchanged on the NSE,803 declined, 631 progressed and 387 stayed unaltered today.

A sum of 34 stocks enrolled a crisp 52-week high in exchanges today, while nine stocks touched another 52-week low on the NSE.

The Indian rupee opened higher by three paise at 66.88/$ against US Dollar Friday as against the past close of 66.91/$.

Asian markets are exchanging higher. Japan's Nikkei surged 1.14%, Hong Kong's Hang Seng was up 0.65% and Shanghai Composite are exchanging barely higher.

US stocks shut higher on Thursday. The Dow Jones Industrial Average shut at a record-breaking high for the third back to back day, finishing the day up 0.73% at 18,506 focuses. The S&P 500 finished a large portion of a for each penny higher, at 2,163 focuses. The Nasdaq Composite had its 6th positive day of increases, shutting a large portion of a for every penny higher at 5,034 focuses.

Then again, the India's wholesale value file (WPI) rose 1.62% YoY in the month of June when contrasted with 0.79% in May.

Account Minister Arun Jaitley apparently said that the individuals who have not yet pronounced their undisclosed remote resources will confront the consequences."One of the targets behind 2015 dark cash law was giving a chance to assessees to go along and a few people made utilization of that open door," Finance Minister Arun Jaitley said.

On the worldwide front, the Bank of England has held the UK's principle loan cost at 0.5% in spite of theory that it would cut rates.The Monetary Policy Committee (MPC) voted 8-1 to leave rates unaltered, yet minutes of the meeting demonstrated most individuals expect the Bank will make some move one month from now.

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Live Stock Market Updates - Nifty holds 8,500 imprint

The BSE Mid-top Index is exchanging up 0.11% at 12,130, though BSE Small-top Index is exchanging up 0.19% at 12,104.

At 9:42 AM, the S&P BSE Sensex is exchanging at 27,861 up 53 focuses, while NSE Nifty is exchanging at 8,527 up minor six focuses.

The BSE Mid-top Index is exchanging up 0.21% at 12,142, while BSE Small-top Index is exchanging up 0.20% at 12,105.

ONGC, Tata Steel, Adani Ports, ICICI Bank, Coal India, GAIL and RIL are among the gainers, while Martuti Suzuki, Bharti Airtel, Bajaj-Auto, PowerGrid, Axis Bank and HDFC Bank are losing sheen on BSE.

Some purchasing movement is found in metal, oil and gas, power, mechanical, utilities and capital products parts, while pharma, purchaser durables, auto and shopper optional segments are demonstrating shortcoming on BSE.

The INDIA VIX is up 2.18% at 15.1050. Out of 1,812 stocks exchanged on the NSE, 642 declined, 800 progressed and 370 stayed unaltered today.

An aggregate of 39 stocks enrolled a new 52-week high in exchanges today, while 9 stocks touched another 52-week low on the NSE.

The rupee opened higher by nine paise at 67.09/$ against US Dollar Wednesday as against the past close of 67.18/$.

Asian markets are exchanging higher. Japan's Nikkei surged 0.99%, Hong Kong's Hang Seng was up 0.75% and Shanghai Composite are exchanging insignificantly higher. Taiwan Weighted slipped 0.35%.

US stocks shut higher on Tuesday. The Dow Jones Industrial Average shut at another untouched high, up 0.66%, at 18,347.67 focuses. The S&P 500, which shut at another high on Monday, rose 0.7% to 2,152.14 focuses. The Nasdaq Composite added 0.69% to 5,022.82 focuses.

On the economy front, retail swelling crawled up to a 22-month abnormal state of 5.77% in June on expansion in sustenance costs including that of key kitchen staples like vegetables and oats. Mechanical generation additionally developed by 1.2% in May in the wake of seeing a constriction in the earlier month, primarily because of uptick in shopper durables yield.

Indian homebuilders with critical interests in the London property business sector will confront close term challenges from Britain's vote to leave the EU on June 23, Fitch Ratings said.

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Live Stock Market Updates - Sensex, Nifty off day's high; Pharma, IT drag

The INDIA VIX is up 0.38% at 14.9050. Out of 1,824 stocks traded on the NSE, 761 declined, 755 advanced and 308 remained unchanged today.

Ways2Capital : The Indian stock markets opened higher on Tuesday for the second consecutive session. The NSE Nifty hits 8,500 for the first time since August 20, 2015. Both the indices hit fresh 11-month high.

At 11:08 AM, the S&P BSE Sensex is trading at 27,686 up 59 points, while NSE Nifty is trading at 8,486 up 18 points.

The BSE Mid-cap Index is trading up 0.48% at 12,117, whereas BSE Small-cap Index is trading up 0.14% at 12,087.

Axis Bank, ICICI Bank, NTPC, Tata Steel, Maruti Suzuki and PowerGrid are among the gainers, whereas Coal India, Cipla, Sun Pharma, Dr.Reddy's, TCS and Lupin are losing sheen on BSE.

Some buying activity is seen in consumer durables, metal, banking, telecom finance, utilities, oil&gas and power sectors, while pharma, capital goods, IT and teck sectors are showing weakness on BSE.

The INDIA VIX is up 0.38% at 14.9050. Out of 1,824 stocks traded on the NSE, 761 declined, 755 advanced and 308 remained unchanged today.

A total of 68 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.

The rupee opened lower by four paise at 67.17/$ against US Dollar Tuesday as against the previous close of 67.17/$. 
 
Hindalco Industries soared 4.9% to Rs.135.35 on BSE. The stock is currently trading at 52-week high on BSE.

Suven Life Sciences Ltd jumped 2.7% to Rs.209.90 after the company received product patent from India and South Africa.

Shriram EPC soared 11.4% to Rs.28. The company said it will take approval of its shareholders for conversion of debt worth up to Rs 1,280 crore into equity shares.

NMDC Ltd gained 0.47% to Rs.96.70. The company reportedly said that its production was up by about 28% and sales have increased nearly 17% in the April-June quarter of the current fiscal.

Coal India slipped 1.26% to Rs.316. The Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider the proposal for Buy Back of equity shares of the Company and appointment of intermediaries in accordance with all applicable laws.

Igarashi Motors India dropped 2.3% to Rs.685. The company said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale (OFS) at a floor price of Rs.650.

IndusInd Bank trading marginally higher on BSE. Indusind Bank Ltd posted a net profit of Rs. 6613.80 mn for the quarter ended June 30, 2016 as compared to Rs. 5250.40 mn for the quarter ended June 30, 2015.

Ashok Leyland rose 0.86% to Rs.94.15. The company bagged orders for nearly 3600 Buses from various STUs in the current fiscal. These orders would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.

Greaves Cotton climbed 3% to Rs.142. The company has forayed into multi-brand spares business, which is an extension to its after-market services.

Inox Wind gained 1% to Rs.240. Inox Wind has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from Atria Wind Power.

HDFC gained 0.73% to Rs.1322.HDFC is planning to raise Rs.3,000 crore through synthetic bonds.

Tata Power slipped 1.3% to Rs.72.90. Tata Power said that its board has approved raising up to Rs.3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis.

The rupee opened lower by four paise at 67.17/$ against US Dollar Tuesday as against the previous close of 67.17/$. 

Asian markets are trading higher. Japan's Nikkei surged 2.58%, Hong Kong's Hang Seng was up 0.75% and Taiwan Weighted jumped 0.58%.

US stocks closed higher on Monday. The S&P 500 closed at a new all-time high at 2,137.16 points. The Dow Jones Industrial Average closed 0.44% higher at 18,226.93 points, while the Nasdaq gained 0.64% at 4,988.64 points.

On Monday, the BSE Sensex jumped 500 points to close at 27,627, its highest since August 2015, while the broader Nifty also settled at an 11-month high of 8,474.

Passenger vehicle sales in June grew for the 12th straight month, up 2.68% from a year ago, according to the Society of Indian Automobile Manufacturers.

On the economy front, data for industrial production for May are due on Tuesday.

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Author : Ways2Capital