Daily Equity Market Report – July 31, 2013

After a volatile session throughout the day Indian benchmark indices ended the day on a flat note. Nifty managed to remain above its crucial psychological support level of 5700 and ended the day at 5,740.35 down by 14 points meanwhile Sensex ended at 19,345.70 down by 2.64.

Indian Rupee fell down to 61.17 close to the all time low of 61.21 hit on 8 July and forced RBI to sold dollar via state-run banks. INR came under selling pressure after RBI kept interest rates on hold yesterday and failed to announce any additional steps to defend the currency.

Bharti Airtel, India's biggest mobile carrier, reported consolidated net profit rose higher-than-expected 35.5% quarter-on-quarter (down 10% Y-o-Y) to Rs 689 crore, but consolidated revenues dropped 0.9% Q-o-Q (9% growth on yearly basis) to Rs 20,264 crore during quarter.

HCL Tech hits a new 52-week high after Q4 as its consolidated net profit rose better-than-expected 41% year-on-year (16% quarter-on-quarter) to Rs 1,210 crore.

Among the sectoral indices CNX Media (2.06%), CNX Metal (1.85%) and CNX Energy (0.98%) were top gainers while CNX Realty (-2.50%), CNX FMCG (-2.33%) and Bank Nifty (-1.90%) were top losers.

Out of 50 stocks of Nifty 26 stocks advanced and 24 declined.

Top 5 Nifty gainers: Bharti Airtel (7.51%), Dr. Reddy (4.67%), BHEL (4.36%), LUPIN (4.35%) and Hindalco (4.22%) were among the top gainers.

Top 5 Nifty losers: DLF (-6.25%), Axis Bank (-6.18%), Power Grid (-5.97%), NTPC (-5.59%) and JP Associate (-4.24%) were among top losers.

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Daily Equity Market Report – July 30, 2013

Indian benchmark indices plunged over 1.25% on the back of weakness in currency which breached levels of Rs 60/USD for the first time since July 15. Nifty fell down below the 5800 level and ended the day at 5,755.05 down by 76.60 points while Sensex tanks 244.94 points and ended at 19,348.34.
The Reserve Bank of India left its policy repo rate at 7.25 per cent but took a dovish tone as it slashed its growth forecast of the economy to 5.5% for the fiscal year, from 5.7% previously.

11 out of 50 stocks of Nifty hit their fresh 52-week low after the monetary policy review statement led by rate sensitive stocks.

Dr Reddy's Laboratories disappointed the street on all parameters with the first quarter net profit growing lower-than-expected 7.44% year-on-year to Rs 361 crore. Revenues increased 12% to Rs 2,845 crore during April-June quarter from Rs 2,540.6 crore reported in a year ago period. Analysts on an average had expected the Pharma Company to report net profit of Rs 421 crore on revenues of Rs 3,127 crore for the quarter.

Among the sectoral indices CNX PSE (-3.94%), CNX Energy (-3.70%) and CNX Realty (-3.46%) were top laggards while CNX IT (0.59%) was the only gainer on the back of Rupee depreciation against Dollar.

Out of 50 stocks of Nifty 9 stocks advanced, 40 declined and 1 remain unchanged.
 

Top 5 Nifty gainers: IDFC (2.53%), Jindal Steel (1.95%), HCL (1.58%), Sun Pharma (1.36%) and L&T (1.05%) were the Nifty top gainers.
 

Top 5 Nifty losers: BPCL (-8.90%), Reliance Infrastructure (-7.09%), DLF (-7.09%), Ranbaxy (-6.44%) and ONGC (-5.91%) were top losers.
 

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Daily Equity Market Report – July 29, 2013

Indian equity market extended its intraday losses for the 4th consecutive day ahead of the Reserve Bank of India's policy review meet on Tuesday. Nifty fell down by 54.55 points and ended at 5831.65 while Sensex ended at 19593.28 down by 154.91 points.

Jai Prakash Associates hits the 52 week low despite reporting over two-fold rise in standalone net profit mainly on account of exceptional gains. Net profit for the June quarter rose to Rs. 334.5 crore against Rs. 139 crore in the same period last fiscal.

UltraTech Cement, India's biggest cement producer, reported a 13.5% year-on-year fall in net profit for the quarter ended June 30, due to a slowdown in home building and infrastructure projects in India, but the share rose after company said that the outlook of Cement demand growth in the current fiscal year ending in March 2014 was likely to be about 6%, but in the long-term it was likely to be more than 8%.

Among the sectoral indices CNX FMCG declined by -2.58% followed by CNX MNC (-2.45%), CNX Realty (-2.25%) and CNX Metal (-1.80%) while CNX AUTO (0.17%) and CNX IT (0.13%) were only gainers of the day.

Out of 50 stocks of Nifty, 12 stocks ended in green while 38 stocks ended in red.

Top 5 Nifty gainers: Jindal Steel (4.76%), Tata Motors (2.09%), Ultra Cement (1.35%), Grasim (1.16%) and Asian Paints (1.03%) were among the index gainers.

Top 5 Nifty losers: IDFC (-4.79%), JP Associate (-4.44%), Hindalco (-4.24%), Ambuja Cement (-4.07%) and Sesagoa (-3.96%) were among top losers.

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Daily Equity Market Report – July 26, 2013

Indian equity market extended its intraday losses for the third consecutive day. Nifty remained volatile throughout the day and slipped below the psychological 5,900 level. Nifty ended the day at 5,886.20 down by 21.30 points while Sensex ended at 19,748.19 down by 56.57 points.

Rate sensitives were under some pressure ahead of the Reserve Bank of India's policy review meet on concerns that the central bank may hike interest rates in order to support rupee from depreciating against the US dollar.

State-owned Punjab National Bank (PNB) today posted a 2.4% rise in net profit to Rs. 1,275.32 crore for the first quarter ended June 30, 2013. Total income during the April-June quarter of the current fiscal increased to Rs. 11,746.59 crore from Rs. 11,721.97 crore in the year-ago period. However, gross non-performing assets (NPAs) have gone up from 3.34% in the year-ago period to 4.84% at the end of three months period ended June 30, 2013.

FMCG major Hindustan Unilever was witnessing selling pressure after the company reported a volume growth of 4% for the quarter ended June 2013 against 6% in previous quarter.
CNX Metal (-3.24%), CNX PSU Bank (-3.02%) and CNX Media (-2.66%) were among the top sectoral indices laggards while CNX Pharma (0.40%) and CNX FMCG (0.31%) were only gainers of the day.

Out of 50 stocks of Nifty 19 stocks ended in green while 31 stocks ended in red.

Top 5 Nifty gainers: Ambuja Cement gained 5.23% followed by ITC (2.76%), Sun Pharma (2.35%), Hero Motorcorp (2.22%) and M&M (1.88%).

Top 5 Nifty losers: Hindalco traded 7.68% lower. PNB (-5.58%), Sesagoa (-4.82%), Coal India (-4.20%) and HUL (-3.77%) were among the biggest losers.

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Daily Equity Market Report – July 25, 2013

Indian equity market indices extended their intraday loses and fell over 1.40% on the day of F&O July month expiry. Nifty test the 5900 level and ended at 5907.50 shedding 83 points while Sensex tanks 285.92 points and ended the day below 19804.76.

ITC India's largest cigarette maker fell after its revenue missed analysts' expectations on lower-than-expected volume growth in cigarette segment. ITC posted an 18% jump in quarterly net profit on Thursday, in line with market expectations.

Ambuja Cements plunged after the cement maker's Swiss parent Holcim said it will raise its stake in the company in a bid to cut costs. Under the deal, Ambuja will pay Rs. 3,500 crore to buy a 24% stake in Holcim India, the Swiss cement maker's local holding company and then Holcim India will be merged into Ambuja through a share swap. Ambuja will also issue to Holcim 58.4 crore new shares, valued at about Rs. 11,200 crore at current market value. This will increase Holcim's stake in 

Ambuja to 61.3% from just over 50%. Ambuja will in turn acquire Holcim's 50.01% stake in ACC.
 

Among the sectoral indices CNX Metal rose by 2.97% while CNX FMCG fell down by -3.40% followed by CNX MNC (-2.69%) and CNX Commodites (-2.04%).

Out of 50 stocks of Nifty 14 stocks advanced while 36 declined.

Top 5 Nifty gainers: Hero Motorcorp (4.41%), Asian Paints (2.29%), BPCL (1.22%), Tata Motors (0.91%) and Axis Bank (0.43%) were among the top index gainers.

Top 5 Nifty losers: Ambuja Cement (-10.62%), JP Associate (-9.31%), ITC (-4.74%), HUL (-3.66%) and Tata Powe (-3.41%) were among top losers.

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Daily Equity Market Report – July 24, 2013

Equity benchmarks stayed in a downward journey throughout the day on weakness in rate sensitives, FMCG and metals stocks after the Reserve Bank of India's recent moves to support the rupee. Nifty fell below the 6000 level and ended the day at 5990.50 down by 87 points while Sensex ended the day at 20090.68 tanks 211.45 points.

The Reserve Bank of India reduced the liquidity adjustment facility (LAF) for each bank from 1 per cent of the total deposits to 0.5 per cent, thus limiting the access to borrowed funds from the central bank.

It has also asked banks to maintain higher average CRR of 99 per cent of the requirement on daily basis as against earlier 70 per cent.

Among the sectoral indices CNX IT (0.86%) and CNX Pharma (0.23%) were only gainers while Bank Nifty (-4.62%), CNX PSU Bank (-4.28%) and CNX Finance (-3.95%) fell on fresh measures by the Reserve Bank of India to curb liquidity.

Out of the 50 stocks of Nifty 12 stocks ended in positive terrain and 38 ended in negative terrain.
 

Top 5 Nifty gainers: Bharti Airtel (2.08%), TCS (1.90%), Sun Pharma (1.83%), Cipla (1.67%) and Bajaj Auto (1.39%) were among top gainers.

Top 5 Nifty losers: IDFC (-9.02%), IndusInd Bank (-8.41%), JP Associate (-6.48%), Axis bank (-6.29%) and Kotak Bank (-5.82%) were top index laggards.

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Daily Equity Market Report – July 23, 2013

After opening 0.7% above to the previous close Indian benchmark indices traded flat note throughout the day. Nifty traded in the narrow range of 30 points and ended the day at 6075.45 up by 43.65 points while Sensex ended at 20293.71 surging 134.59 points.

The Reserve Bank of India (RBI) on Monday moved to tighten gold imports again in an attempt to narrow down a record high current account deficit (CAD) by taming demand for the yellow metal. The RBI asked all nominated banks and agencies to export at least one-fifth of every lot of imported gold in all forms, and locally make it available only for jewellers.

The central bank said banks need to retain 20 per cent of the imported gold in customs bonded warehouses, and will only be able to further import gold after exporting at least 75 per cent of the gold from those warehouses.

Among the sectoral indices CNX PSU Bank gained 2.17% followed by CNX FMCG (1.58%) and CNX Realty (1.40%) while CNX Infra was the only loser of the day, plunged by -0.10%.

Out of 50 stocks of Nifty 34 stocks advanced while 14 declined.

Top 5 Nifty gainers: BOB (5.23%), Kotak Bank (4.33%), IDFC (3.57%), HUL (3.28%) and DLF (2.85%) were among the top gainers.

Top 5 Nifty losers: Asian Paints (-1.99%), Bharti Airtel (-1.90%), Ultra Cement (-1.28%), Powergrid (-1.26%), and Ambuja cement (-1.21%) were among top losers.

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Daily Equity Market Report – July 22, 2013

Both the benchmark indices, Sensex and Nifty continued its flat note closing habit after giving good range for trading in upward momentum. Markets witnessed a quite volatile session today, ahead of the F&O expiry this week on Thursday but surrendered its gains in last 2 hours of the day on the back of bad Q1 results of heavyweights. Nifty closed above the previous close by 2.60 points at 6031.80 and Sensex also end the day at 20159.12, up by 9.27 points.

Market heavyweight Larsen & Toubro (L&T) plunged 7.5% after its net profit fell higher-than-expected 12.5% year-on-year to Rs. 756 crore while analysts had expected it at Rs. 991 crore. Reliance Industries shares lost 1.6% post its earnings though CLSA maintained an outperform rating on the stock with a target price of Rs. 1,000 while JP Morgan retained its neutral rating and said near-term earnings will stay muted. However, banking sector rebound on value-buying and firm trend in global markets.

Sectoral indices today presented mixed bags as CNX Finance was the biggest gainer by 1.45% and followed by CNX Service (1.12%), CNX PSU Bank (1.09%), CNX Auto (1.06%) and Bank Nifty (1.03%). While CNX Infra (-2.44%) was the most losing index joined by CNX PSE (-1.42%), CNX Energy (-1.37%), CNX Commodity (-0.97%) and CNX Realty (-0.62%).

Market breadth was negative to neutral on the NSE as 503 stocks advances against 677 declined and 54 unchanged.

Out of 50 stocks of Nifty index, 24 registered growth while 26 declined.

Top Five Nifty Gainers: HDFC led the Nifty Gainers chart and excelled by 3.42% followed by IndusInd Bank (2.84%), Sun Pharma (2.72%), M&M (2.59%) and Bank of Baroda (2.57%).
 

Top Five Nifty Losers: Larsen & Toubro disappointed with result and lost -7.6% and accompanied by BHEL (-6.97%), Ambuja Cement (-4.49%), ONGC (-3.31%) and Tata Steel (-3.24%).
 

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Daily Equity Market Report – July 19, 2013

Indian equity markets ended the day on a flat note. Sensex hits the two month high on the back of strong result of IT giant TCS announced late on Thursday. Sensex ended the day at 20,149.85 up by just 21.44 points while Nifty ended at 6,029 down by 8.85 points.

Tata Consultancy Services shares hit a record high after India's biggest outsourcer beat Street estimates in the June quarter announced yesterday. TCS posted a 17% rise in quarterly profit and maintained an upbeat outlook, fuelled by demand from the United States. It’s consolidated net profit for the quarter ended June 30 rose to Rs. 3,831 crore from Rs. 3,280 crore a year earlier, that topped the Rs. 3,780 crore average of 24 analyst estimates, according to Thomson Reuters.

Among the sectoral indices CNX IT surged 2.70% followed by CNX Auto (1.66%) after Q1 results announcement of Bajaj Auto and value buying on M&M stock after a near 10% fall in July as of Thursday's close was seen as overdone. Meanwhile CNX Realty was the biggest loser of the day plunged by -1.92%.

Out of 50 stocks of Nifty 24 stocks advanced while 26 stocks declined.

Top 5 Nifty gainers: TCS (4.97%), Bajaj Auto (3.97%), HCL (3.43%) GAIL (2.73%) and Hero Motorcorp (2.44%) were among the Top gainers.

Top 5 Nifty losers: BHEL (-9.02%), IndusInd Bank (-3.98%), Axis Bank (-3.88%), Sun Pharma (-3.70%) and Ranbaxy (-3.60%) were among the biggest losers.

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Daily Equity Market Report – July 18, 2013

In the last hour of trading session Indian equity markets breached its flat range towards the positive direction following short-coverings in beaten down banking stocks. Nifty Reclaimed 6000 level and ended the day at 6038 surging 64 points while Sensex closed above the psychological mark of 20000 with a gain of 179.68 at 20128.41

Oil and Natural Gas Corp rose after CLSA upgraded the stock to "buy" from "outperform", citing prospect of a 20% upside to its share prices on positive factors such as the continuing hikes in monthly diesel prices and the recent doubling of gas prices.

Axis Bank pleased the Dalal street with the first quarter net profit rising 22% year-on-year to Rs 1,409 crore. Net interest income increased higher-than-expected 31.4% to Rs 2865 crore from Rs 2180 crore during the same period.

Among the sectoral indices CNX Realty gained 2.98% followed by CNX PSU Bank (2.00%) and Bank Nifty (1.97%). All other major indices ended at positive terrain.

Out of 50 stocks of Nifty 41 ended the day at positive zone while 9 stocks at negative.

Top 5 Nifty gainers: Reliance Infrastructure (5.82%), ONGC (4.85%), Asian Paints (4.18%), Axis Bank (4.03%) and BOB (3.69%) were top Nifty gainers.

Top 5 Nifty losers: HCL (-1.75%), M&M (-1.52%), TCS (-1.19%), Ultra cement (-0.80%) and NTPC (-0.68%) were index top losers.

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Daily Equity Market Report – July 17, 2013

Indian equity market witnessed the volatile session after opening above to the previous close and failed to hold its intraday gain in 1st half of the trading session but rebound in the last trading hour. Nifty ended the day at 5,973.30 up by 18.05 points while Sensex ended at 19,948.73 up by 97.50 points.

GoI relaxed Foreign Direct Investment or FDI guidelines for a range of industries including telecom in a bid to lure capital inflows, prop up the sliding rupee and revive up growth. Government removed cap of 74% on Telecom sector while increased FDI in insurance sector from 24% to 49%.

Shares of Hindustan Unilever surged to all time high on reports that it has raised prices of some of its personal care products. On Its report it has hiked Dove lotion 400 ml pack price by 15% to Rs 299 and 250 ml by 11% to Rs 200. Lakme deep pore cleanser (200 ml) price was also increased by 36% to Rs 150.

Ranbaxy falls on news reports that the company's Toansa and Mohali plants may be under the USFDA scanner for manufacturing practices. Already three of their plants in India Poanta Sahib, Batamandi and Dewas are currently under import alert and the company cannot export to the US from them.

Among the sectoral indices CNX MNC surge by 4.07% followed by CNX Consumption (1.22%) and CNX Energy (0.97%) meanwhile Bank Nifty plunged by -2.27% and was the biggest loosing sector index.

Out of the 50 stocks of Nifty 20 stocks ended in green while 30 stocks in red.

Top 5 Nifty gainers: HUL (9.13%), Asian Paints (3.50%), Ambuja Cement (2.97%), NTPC (2.48%) and ITC (2.32%) were among top Nifty gainers.

Top 5 Nifty losers: Tata Steel (-3.44%), BOB (-3.18%), Axis Bank (-3.08%), M&M (-2.79%) and Ranbaxy (-2.78%) were index losers.

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Daily Equity Market Report – July 16, 2013

Indian equity markets pared some of its losses after the sharp fall following the RBI measures to boost rupee against US dollar. Nifty opened 100 points down to the previous close and closed at 5955.25 plunging by 75 points while Sensex closed at 19851.23 down by 183.25 points.

On Monday, Reserve Bank of India increased short-term borrowing costs in the money markets through the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points to 10.25% and capped the amount banks can borrow from overnight markets to Rs. 75,000 crore. The RBI will conduct Open Market Sales of bonds of Rs. 12,000 crore on Thursday to further suck out liquidity from the system.

Indian rupee jumped 1% against the US dollar after RBI move to prevent speculation in the currency market.

Bharti Airtel shares rallied on the hopes the government may approve a 100% foreign direct investment in telecom.

Among the sectoral indices CNX FMCG surged 1.63% and was the top gainer of the day while CNX Realty (-6.23%), CNX PSU Bank (-5.02%) and Bank Nifty (-4.78%) was among the top laggards.
 

Out of the 50 stocks of Nifty 21 stocks ended in positive zone and 29 stocks in negative zone.
 

Top 5 Nifty gainers:  ITC (2.60%), BPCL (2.11%), Ambuja cement (2.11%), Bharti Airtel (1.89%) and HUL (1.76%) were among top gainers.
 

Top 5 Nifty losers: DLF (-7.74%), IndusInd Bank (-7.56%), JP Associate (-7.42%), IDFC (-7.18%), Axis Bank (-6.26%) were index top losers.
 

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Daily Equity Market Report – July 15, 2013

Indian equity markets bounced on the back of favourable WPI Data released during 1st half of the day. Sensex crossed the 20,000 level on the hopes of rate cut after the WPI inflation for the month of June came in lower than expected at 4.86%. Sensex ended the day at 20,034.48 up by 76.01 points while Nifty ended at 6,030.80 up by 21 points.

Tata Steel's European arm has reported a record loss of 1.2 billion pounds for the year. Tata Steel Europe, Britain's largest steel producer, reported the losses for the year until March 31 as part of its latest results filed at Companies House in the UK.

Shares of Infosys slipped after a sharp rally in previous session on the back of better than expected results.

Among the sectoral indices CNX Realty surged by 2.20% and was the biggest gainer of the day followed by CNX PSU Bank (1.96%) and CNX Consumption (1.29%) while CNX PSE fell down by -0.56%.

Out of the 50 stocks of Nifty 33 stocks ended in green while 17 stocks in red.
 

Top 5 Nifty gainers: PNB (5.30%), BOB (4.31), CAIRN (3.96%), JP Associate (3.91%) and Hindalco (3.34%) were among the top Nifty gainers.

Top 5 Nifty losers: Coal India (-2.57%), NTPC (-2.22%), Tata Steel (-2.13%), Infosys (-2.08%), BHEL (-1.35%) were top Nifty losers.

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Daily Equity Market Report – July 12, 2013

Indian equity markets gained almost 1.25% on the back of sharp spike in index heavyweight Infosys and strong trade deficit data for the month of June. 50 stock index reclaimed 6000 level and ended the day with 73.90 points gain at 6009 while Sensex ended at 1-1/2 month high at 19958.47 up by 283 points.

Infosys hits 3-month high after the company left FY14 sales growth guidance in dollar terms unchanged at 6-10 per cent. Infosys reported consolidated net profit at Rs 2,374 crore for the quarter ended June 2013, down 0.8 per cent, against Rs 2,394 crore in previous quarter. Sales for the quarter were at Rs 11,267 crore, up 7.7 per cent, as compared to Rs 10,454 crore.

India's trade deficit in June narrowed by 39% to $12.24 billion from a 7-month high, helped by a slowdown in gold imports.  The country's gold and silver imports dropped drastically to USD 2.5 billion in June from USD 8.3 billion in May. Oil imports slipped to USD 12.7 billion from USD 15 billion during the same period. Exports declined marginally to USD 23.79 billion from 24.51 billion M-o-M, but imports were down by 19.3% to USD 36.03 billion in June from 44.65 billion in May.

Among the sectoral indices CNX IT surged by 6.62% on the back of Infosys results, followed by CNX Services (2.18%) and CNX Infra (1.69%) while CNX Realty fell down by -0.54%.
 

Out of 50 stocks of Nifty 31 stocks were ended in positive terrain while 19 stocks in negative.
 

Top 5 Nifty gainers: Infosys (10.92%), IDFC (3.68%), L&T (3.39%), TCS (2.90%) and Reliance (2.87%) were top index gainers.
 

Top 5 Nifty Losers: JP Associate (-3.23%), Maruti (-3.22%), ONGC (-2.66%), Ultra Cement (-1.83%) and Grasim (-1.45%) were top Nifty laggards.
 

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Daily Equity Market Report – July 11, 2013

Both the benchmark indices, Sensex and Nifty followed the global cue as it turned bullish after the Fed Chairman Mr. Ben Bernanke states that US Fed will continue with the stimulus programme. He also suggested that policymakers could keep the bond-buying program at full throttle longer if the economy wobbles. Both the indices enjoyed the rally and the Nifty comfortably closed above the intermediate resistance level of 5,900 at 5935.10 up 118.40 points or 2.04%. Sensex also surged 381.94 points and closed at 19676.06, up by 1.98%.

Markets worldwide cheered up after being injected the stimulus hope by the Fed Chairman. All the sectoral indices registered growth today except the CNX Media which plunged by -0.28%. CNX Realty led the rally and surged by 2.78% followed by CNX Metal (2.58%), Bank Nifty (2.56%), CNX Finance (2.55%), CNX Service (2.26%) and CNX Infra (2.11%).

Shares of Hindalco gained momentum in early trade after its subsidiary Novelis has raised prices of all of its automotive aluminium sheet products in Europe. According to reports, Novelis announced a price increase of 160 Euro per ton for all of its automotive aluminium sheet products in Europe.
Market breadth was positive on the NSE with 606 gainers against 286 losers and 45 unchanged.
Out of 50 stocks of Nifty index, 46 advanced and 4 declined.

Top Five Nifty Gainers: Sesagoa led the Nifty Gainers chart and excelled by 6.25% followed by Hindalco (4.43%), Bharti Airtel (3.43%), Kotak Bank (3.26%) and IndusInd Bank (3.24%).

Top Five Nifty Losers: Larsen & Toubro goes ex-benefit today and hence lost -31.73% as the biggest loser and accompanied by Maruti (-2.84%), Ranbaxy (-1.10%) and Tata Motors (-0.30%).

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Daily Equity Market Report – July 10, 2013

Indian share market failed to hold intraday gains as market witnessed the volatile session today. 50 share index Nifty & 30 share index Sensex ended the day on flat note. Nifty ended at 5878 down by 3 points while Sensex ended at 19441.07 up by 11.84 points.

Indian Rupee breached all time low of 57.32 against the US dollar and currently trading at intra-day low of 57.97 following disappointing data from China and slightly better-than-expected US jobs data. OMCs are likely to take the Rs 22000 crore hit on under recoveries on account of rupee depreciation.

Among the sectoral indices CNX IT was the biggest gainer of the day and surged 0.99% while CNX Realty loses -1.52% followed by Bank Nifty (-1.18%) and CNX Pharma (-1.13%).

Out of 50 stock of Nifty 19 stocks ended in positive while 31 stocks in negative.

Top 5 Nifty gainers: HDFC (1.95%), NTPC (1.76%), Infosys (1.71%), Bajaj Auto (1.69%) and HCL (1.65%) were among top gainers.

Top 5 Nifty losers: Jindal Steel (-4.19%), BPCL (-2.51%), BHEL (-2.46%), IndusInd Bank (-2.16%) and IDFC (-2.14%) were top losers.

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Daily Equity Market Report – July 9, 2013

Indian equity markets witnessed the range bound session throughout the day. Nifty opened on a positive note with 45 points above to the previous close but remained in the tight range of 20 points. Nifty ended the day at 5859 up by 47.45 points while Sensex ended at 19,439.48 up by 114.71 points.

Indian rupee gained 50 paise to 60.10 per dollar after the Reserve Bank of India and Securities and Exchange Board of India (SEBI) clamped down on open positions that banks and non banks can take in the currency futures market.

Among the sectoral indices CNX Realty (1.92%) was the top gainer of the day followed by CNX PSU Bank (1.88%) and CNX Pharma (1.69%). All other top sector indices ended in positive note.
Out of the 50 stocks of Nifty 39 stocks ended in positive terrain while 11 ended in negative.

Top 5 Nifty gainers: Powergrid (4.37%), Kotak Bank (3.86%), Sun Pharma (3.30%), Reliance Infrastructure (2.92%) and IndusInd Bank (2.40%) were top gainers of the day.

Top 5 Nifty losers: Jindal Steel (-2.37%), Bharti Airtel (-0.85%), HUL (-0.83%), M&M (-0.81) and ONGC (-0.61%) were top index laggards.

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Daily Equity Market Report – July 8, 2013

Indian equity markets witnessed weak session today and remained in the negative terrain throughout the day though pared some intraday losses in the last hour of the trading session as buying activity picked up near support levels with positive opening of European markets. 50 stocks Nifty ended the day at 5,811.55 down by 56.35 points while Sensex ended the day at 19,324.77 plunged by 171.05 points.

Weak rupee puts Indian equities under pressure as it widened the current account deficit. INR crossed the level of 61 due to dollar strengthening following better than expected jobs data in the US and hits the all time low of 61.21 against the US dollar.

Among the sectoral indices CNX FMCG gained 0.63% and was the biggest gainer while CNX PSE (-2.39%) was the biggest loser followed by CNX Realty (-2.01%) and CNX Finance (-1.96%).
Out of 50 stocks of Nifty 16 stocks advanced while 34 stocks declined.

Top 5 Nifty gainers: IndusInd (3.98%), HCL (3.07%), BHEL (2.74%), Reliance Infrastructure (2.48%) and ACC (1.74%) were top index gainers.

Top 5 Nifty losers: BPCL (5.56%), JP Associate (-4.13%), ONGC (-3.84%), M&M (-2.87), HDFC (-2.73%) were top index losers.

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Daily Equity Market Report – July 5, 2013

Indian equity markets followed the Asian markets and started the day on buoyant mode but seen with very little volatility and given very narrow range for trading. The broad-based index Nifty hardly moved beyond 20-points trading range and rose by almost 31 points and closed at 5867.90 up 0.53%, while Sensex, zooming about 85 points wrapped up the session at 19495.82 up 0.44%.

Both the benchmarks shed half of gains in afternoon trade, weighed down by country's largest lenders State Bank of India and ICICI Bank. This erased initial gains are attributed to the weakening Rupee in afternoon trade on fresh dollar demand from African bank since Thursday, Reuters reported. INR has been the victim of rising Dollar demand and narrowing spread between the US and Indian bond yields. It has plunged 1.8% over last 5 days and is Asia's worst performer this week.

Most of the sectoral indices ended the day in the green zone today; CNX Energy being the largest gainer by 1.24% followed by CNX FMCG (0.84%) and CNX PSE (0.62%).

CNX Media (-0.59%), CNX IT (0.43%) and CNX Infra (0.08%) are the only indices registering losses today.

Market breadth remained almost positive today as 652 stocks rose against 615 declined while 83 remained unchanged.

Out of 50 stocks of Nifty index, 30 advanced and 20 declined.

Top Five Nifty gainers: IDFC led the Nifty Gainers list and registered 4.35% gain followed JP Associates (4.10%), Jindal Steel (2.77%), NMDC (2.72%) and Asian Paints (2.60%).

Top Five Nifty Losers: GAIL was the biggest loser and fell by -2.32% followed by Bharti Airtel (-2.04%), Lupin (-1.71%), ICICI Bank (-1.18%) and M&M (-1.02%).

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Daily Equity Market Report – July 4, 2013

After the two days southward momentum, today Indian equity indices gained around 1.25% led by IT, FMCG and Realty stocks. 50 stocks Nifty ended the day at 5,836.95 up by 66.05 points while Sensex surged 233.04 points and ended the day at 19,410.84.

ITC gained after the company raised the price of its Gold Flake Regular Filter cigarettes. According to UBS, ITC has raised the price for the brand to Rs. 58 from Rs. 55 for a pack of 10 cigarettes.
Rupee remained under pressure as RBI governor says he does not have a specific foreign exchange rate target, which raises concerns that the central bank is unlikely to defend any particular level strongly. INR was trading above 60 against the US Dollar till the time of writing.

Among the sectoral indices CNX FMCG was biggest gainer, up by 2.89% followed by CNX IT (2.82%) and CNX Realty (1.24%), while CNX Metal was the only loser of the day and plunged by -0.16%.

Out of 50 stocks of Nifty 35 stocks ended in positive territory, 14 in negative and 1 remain unchanged.

Top 5 Nifty gainers: Reliance Infrastructure (4.09%), HCL (3.95%), ITC (3.88%), Tata Power (3.63%) and BPCL (3.54%) were among top gainers.

Top 5 Nifty losers: BHEL (-2.40%), Tata Steel (-1.71%), Sesagoa (-1.53%), CIPLA (-0.79%), Axis Bank (-0.78%) were top Nifty laggards.

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Daily Equity Market Report – July 3, 2013

Indian equity benchmarks fell around 1.37% in today’s trade on week global cues and sharp rupee depreciation against US dollar. Sensex sheds 286.06 points and ended the day at 19,177.76 while 50 stocks index Nifty ended at 5,770.90 down by 86.65 points.

Indian rupee dropped 67 paise or over 1 percent to 60.33 per dollar, continuing its depreciation for the second consecutive session on dollar demand. The rise in global crude oil prices is also a concern as it widens India's current account deficit (CAD).

Punjab National Bank plunged after Goldman Sachs downgraded the bank to "neutral" from "buy" and cut its target price to Rs 780 from Rs 900, citing a weak economic environment and the elevated stress asset levels at the lender.

Among the sectoral indices CNX Pharma (0.55%) and CNX FMCG (0.36%) were only gainers while CNX PSU Bank crashed -5.16% and was the biggest loser of the day followed by CNX Realty (-4.93%) and CNX Metal (-2.78%).

Out of 50 stocks of Nifty 9 stocks advanced while 41 stocks declined.

Top 5 Nifty gainers: LUPIN (3.87%), Jindal Steel (1.40%), Sun Pharma (1.21%), Ambuja Cement (0.80%) and ITC (0.55%) were among top gainers.

Top 5 Nifty losers:  JP Associate (-8.38%), BOB (-7.95%), IDFC (-6.06%), PNB (-4.94%) and Sesagoa (-4.70%) were among top index losers.

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Daily Equity Market Report – July 2, 2013

Equity markets today witnessed the profit booking and came under pressure after 3 days continual upward momentum. Indian benchmarks traded in the negative territory throughout the day. Sensex slipped below 19500 and ended the day at 19455.02 down by 122 points while Nifty ended at 5857.25 down by around 42 points.

Ranbaxy Labs rebounded in late trade after the USFDA told CNBC-TV18 that there is no proof of data reliability issues other than at 3 units that are Ponta Sahib, Batamandi & Dewas.

USFDA said, "Company's two manufacturing plants remain under ongoing review. There is no evidence of major current good manufacturing practices (CGMP) violations except Gloversville."
Jet Airways Ltd slipped after the Jet-Etihad deal hit a fresh air pocket with the Prime Minister's Office (PMO) asking the civil aviation ministry to bring the proposal for discussion in the Union Cabinet.

Among the sectoral indices CNX Pharma surged by 0.62% and was the only gainer of the day while CNX Realty was the biggest loser, plunging -2.10% followed by and CNX Media (-1.77%) and CNX PSU Bank (-1.56%).

Out of 50 stocks of Nifty 19 stocks ended in green, 30 stocks in red and 1 stock remain unchanged.

Top 5 Nifty gainers: Ranbaxy (6.81%), LUPIN (3.20%), GAIL (2.31%), Bharti Airtel (2.14%) and BHEL (1.98%) were among the top gainers list.

Top 5 Nifty losers: Jindal Steel (-4.29%), DLF (-3.01%), Axis Bank (-2.72%), Reliance Infrastructure (-2.61%) and Tata Power (-2.31%) were top Nifty laggards.

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Daily Equity Market Report – July 1, 2013

Indian equity market continued their winning streak on the third consecutive day led by gains in realty, power and capital goods sectors as institutional investors turned buyers.  Nifty ended the day at 5,898.85 up by 56.65 points while Sensex ended at 19,577.39 surged by 181.58 points.

Global investors resumed buying blue-chip stocks after the government continued with reforms by approving gas price hike last week. Foreign institutional investors bought shares worth Rs 1,124.31 crore and domestic institutional investors sold equities worth Rs 581.28 crore on Friday as per the provisional data from the National Stock Exchange.

Reliance Infrastructure shares gained momentum after its special purpose vehicle Delhi Airport Metro Express (DAMEPL) stopped Airport Metro Express Line and claimed termination payment from Delhi Metro Railway Corporation (DMRC).

Among the sectoral indices CNX Realty surged by 5.51% followed by CNX PSU Bank (3.43%) and CNX Media (3.15%). CNX IT was the only indices fell down among the major indices and plunged -1.62%.

Out of 50 stocks of Nifty 40 stocks were ended in positive while 10 stocks ended in negative.

Top 5 Nifty gainers: Ranbaxy (5.19%), Reliance Infrastructure (5.10%), DLF (4.33%), Sesagoa (3.89%) and JP Associate (3.73%) were among top gainers.

Top 5 Nifty losers: Infosys (-2.24%), HCL (-1.93%), TCS (-1.92%), ONGC (-0.85%) and Sun Pharma (-0.70%) were top index laggards.

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