Analysis on Indian Stock Market Trading Tips

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The market is still dragging with weakness in banks, capital goods, IT and metals. The Sensex is down 232.77 points or 0.9 percent at 25557.45, and the Nifty down 67.50 points or 0.8 percent at 7832.90. About 670 shares have advanced, 994 shares declined, and 96 shares are unchanged. Adani Ports, Tata Motors and Asian Paints are top gainers while Dr Reddy's Labs, Bharti Airtel, HUL, ICICI Bank and Tata Steel are losers in the Sensex.

Selling momentum has picked up in banking and metal stocks, leading to sharp decline in Sensex and Nifty. The Sensex fell as much as 275 points, while the Nifty is trading below 7,850. Nifty Bank is down nearly 1 per cent, led by selling in ICICI Bank shares, which are trading 2 per cent lower. SBI is down over 1 per cent. Index-heavyweight Infosys is also trading 1 per cent lower.

Analysis on Indian Share Market Trading Tips

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The S&P BSE Sensex plunged over 250 points in morning trade on Friday after retail inflation spiked in April while industrial growth stagnated, which dented any chance of a rate cut by the Reserve Bank of India in the June review.The fall in the index was led by losses in ITC, ICICI Bank, Infosys, HDFC Bank, HUL, and Bharti Airtel. 

Indian shares closed higher on Thursday, led by lenders such as ICICI Bank, after the country's upper house of parliament passed a new bankruptcy code to address corporate debts and improve the ease of doing business.

Dr Reddy's Q4 net tanks 86%, hit by one-time Venezuela write-off

Fourth quarter earnings of  Dr Reddy’s Labs were hurt by one-time Venezuela write-off. The drug major’s net profit fell 86 percent at Rs 74.6 crore in January-March quarter from Rs 518.9 crore in corresponding quarter last fiscal. Its total income also slipped 3 percent to Rs 3756.2 crore against Rs 3870.4 crore in year-ago period. Write offs on account of Venezuela stood at Rs 430.9 crore. According to a CNBC-TV18 poll, net profit of Dr Reddy's Lab was expected to jump 5.7 percent at Rs 548.6 crore in Q4FY16 and a revenue growth at 0.7 percent to Rs 3896 crore year-on-year.

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Mallya PMLA case: ED to attach India assets worth Rs 9,000 cr

The ED is mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by liquor baron Vijay Mallya in connection with its money laundering probe against him and others in the IDBI Bank loan fraud case. Officials said today the agency has already begun the exercise of identifying and valuing the country-wide immovable assets of the beleaguered businessman in order to place them under attachment under the criminal provisions of the Prevention of Money Laundering Act (PMLA). They said the agency will also inform market regulator Securities and Exchange Board of India (SEBI) about its move to similarly attach his shares in various Indian companies so that no third party rights are created.

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Indian MCX,Commodity Market Ups-Down Analysis and Conditions

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The market has opened on positive note Thursday as the Sensex is up 103.90 points at 25700.92, and the Nifty is up 25.05 points at 7873.90. About 487 shares have advanced, 129 shares declined, and 32 shares are unchanged. ICICI Bank, L&T, BHEL, Cipla Dr Reddy's Lab are the top gainers while HDFC Bank, HUL anf Infosys are the top losers.

Indian stock markets bucked global trend to trade higher on Thursday, buoyed by passage of Bankruptcy Bill in Parliament. The Sensex jumped over 200 points, while the Nifty inched closer to the 7,900 levels, after rising over 40 points. 

Market Ups-Down Analysis and Conditions

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The S&P BSE Sensex rallied over 200 points in morning trade on Thursday led by gains in ICICI Bank, Axis Bank, L&T, SBI, and Asian Paints. The Nifty50 reclaimed its crucial psychological level of 7,900 supported by gains in consumer durable, capital goods, banks, auto, realty, and metal stocks.

Indian banking stocks rise, with the S&P BSE Bankex index jumping nearly 1 pct.India's upper house of parliament passed a new bankruptcy code on Wednesday.Code to address bank debts and improve ease of doing business in India.Bankex index has the highest weightage on benchmark BSE index, which is up 0.5 pctState Bank of India up 1.1 pct, ICICI Bank gains 2.5 pct, while Punjab National Bank rises 0.7 pct.

Laying the ground for energy independence

If we were to plot the “per barrel” going price of Brent Crude oil on a chart, it would by far unnerve even the most seasoned analyst. The crude prices have been falling rather steeply over the past two years, from a high of around $110 in April 2014, to hovering at around $30 in January 2016. It certainly isn’t the ideal picture. And just when you increase the timeline from two years to say a decade, another pattern emerges. The price of crude oil is cyclical Thus, even if one rejoices in the moment when the oil prices are the lowest that we’ve seen in a very long time,  it is not going to stay this way for long.

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Kotak Mahindra Bank Q4 net at Rs 695.8 cr, asset quality stable

Kotak Mahindra Bank has posted a standalone net profit at Rs 695.8 crore in January-March quarter from Rs 635 crore in last quarter. During the quarter, its standalone net interest income was at Rs 1857.2 crore against Rs 1766 crore in quarter-ago period. According to CNBC-TV18 poll, the private lender was expected to report standalone net profit at Rs 689 crore in January-March quarter and NII was seen at Rs 1832 crore. Year-on-year numbers are not comparable due to merger of ING Vysya Bank. Net interest margin (NIM) stood at 4.35 percent in Q4 compared to 4.3 percent quarter-on-quarter. Its gross non-performing assets (NPA) was at 2.36 percent versus 2.3 percent on a sequential basis. In Q4, NPA was at 1.06 percent versus 0.96 percent. In absolute terms, gross NPA stood at Rs 2838 crore against Rs 2690 crore was at Rs 1262 crore Versus Rs 1110 crore. Standalone provision was at Rs 200.4 crore in Q1 from Rs 235.25 crore quarter-on-quarter.

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The Sensex is down 101.29 points or 0.4 percent at 25671.24, and the Nifty down 27.85 points or 0.3 percent at 7859.95. About 665 shares have advanced, 916 shares declined, and 99 shares are unchanged. Hindalco, NTPC, Axis Bank, Tata Steel and Maruti are top gainers in the Sensex. Among losers are Bharti Airtel, Tata Motors, Adani Ports, Dr Reddy's Labs and Coal India.

Mid-cap and small-cap indices were outperforming the benchmark indices. The BSE Mid-cap index was up 0.02 per cent and the Small-cap index was down 0.06 per cent compared to 0.5 per cent fall in the Sensex. Zee Entertainment was the top gainer from the mid-cap space, up 5 per cent to Rs 437. MRPL, OFSS, Oberoi Realty, Cummins India, Biocon, Sun TV and Cadial Healthcare were also among the gainers, up 0.7-4 per cent each.

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The S&P BSE Sensex recovered most losses after plunging over 350 points in morning trade on Wednesday after the government announced amendments to its Double Tax Avoidance Convention with Mauritius.The fall in the index was led by losses in ITC, ICICI Bank, HDFC, Infosys, HDFC Bank. 

Indian shares fell on Wednesday on worries future foreign equity inflows would be hit after the country said it will start imposing capital gains taxes on investments coming from Mauritius starting next year.Mauritius is the top source of foreign funds into India, though analysts welcomed India's action to impose the tax on future investments and not existing holdings.The NSE index was down 0.8 percent at 0350 GMT after initially falling as much as 1.4 percent shortly after the open.

Midcap performance dependent on economic recovery: SBI MF

Sohini Andani, fund manager at SBI Mutual Fund, said over the last year or so, the non-banking finance companies (NBFCs) segment has done well despite a not-so robust loan growth. She expects the stocks in the segment to behave in line with earnings growth in the sector. She asserted that some pockets in the NBFC segment like CVs, where growth has picked up, have shown promise. "Interest rates coming down have contributed to positive expectations," she said. The fund manager, who looks after SBI Bluechip Fund, believes that companies like Titan are getting hit by technology. However, she says Titan stock is "poised for a rebound" on rising discretionary income of consumers. Andani, who also manages SBI Magnum Midcap Fund, said performance of midcap stocks would depend on how strong economic recovery is. 

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NTPC starts commercial operation at Anantapuram solar power project

With reference to the earlier letter dated May 03, 2016, NTPC Ltd has now informed BSE that consequent upon testing and commissioning, 200 MW capacity (4X50 MW) of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuram is declared on commercial operation w.e.f. 00:00 Hrs of May 09, 2016.Source : BSE

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The market seens to be quite with the Nifty hovering around 7850 mark. The 50-share index is down 7.40 points at 7858.65. The Sensex is down 7.45 points at 25681.41. About 946 shares have advanced, 711 shares declined, and 92 shares are unchanged. Dr Reddy's Labs, Tata Steel, HUL, Lupin and Axis Bank are top gainers while Tata Motors, Hindalco, M&M, ONGC and Bajaj Auto were losers in the Sensex.

Earnings better than expectations compared to the over pesimism which was built on the Street in the past two decades, says Nischal Maheshwari of Edelweiss Securities.The Sensex and Nifty opened on a flat note in trade on Tuesday after Monday's sharp upmove. The Sensex slipped 35 points to hit intraday low of 25,654 and Nifty fell 11 points to hit low of 7,855.Selling pressure was seen in select metal, oil & gas, auto and power stocks.

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The S&P BSE Sensex started on a cautious note on Tuesday weighed down by losses in Tata Motors, ICICI Bank, ITC, Bharti Airtel, and HDFC Bank.The Nifty50 came under pressure but was still trading above its crucial psychological support level of 7850. The fall in the index was led by losses in power, realty, oil & gas, metal, and consumer durable stocks. 

Indian shares rose nearly 2 percent on Monday, posting their biggest single-day percentage gain in nearly four weeks, as a recent string of positive corporate results raised tentative hopes about an improving domestic economy.Sentiment was also boosted after a weaker-than-expected U.S. jobs report on Friday left some economists anticipating only one interest rate hike from the Federal Reserve this year.

Hyundai sales up 5.7% at 54,420 units in April

Hyundai Motor India today reported a 5.7 per cent increase in total sales at 54,420 units in April. The company had sold 51,505 units in the same month last year, HMIL said in a statement. In domestic market, Hyundai sold 42,351 units last month, up 9.7 per cent, compared with 38,601 units a year ago. However, exports declined 6.5 per cent to 12,069 units as against 12,904 units in the same period last year. "In an industry seeing challenges on rural sales and diesel vehicle sales, Hyundai continued its growth momentum with volume growth of 9.7 per cent over last year with strong performance of... Creta, Elite i20, Grand." HMIL senior vice- president sales and marketing Rakesh Srivastava said.

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HSBC arm slashes Zomato valuation to $500 million

In another setback to India’s fledgling startup industry, HSBC Securities and Capital Markets (India) has slashed the valuation of restaurant search service Zomato by 50 percent  to USD500 million. The HSBC’s brokerage arm has raised grave concerns over Zomato’s steep valuation in a note titled ‘India Internet - Lot of Growth but Slim Pickings’. The report which covers Info Edge — that holds nearly 50% stake in Zomato — states: “Zomato is present in 23 markets so early on and none is profitable, which implies that to address both the investments in last-mile delivery and losses in international operations, fund-raising will be a continuous phenomenon, suggesting current valuations don't make much sense. We do a discounted cash flow (DCF) analysis and value the business at 50% lower to the USD1-billion valuation.”

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The market has kickstarted the week on a strong note supported by index heavyweights. The Sensex is up 187.26 points or 0.7 percent at 25415.76, and the Nifty up 50.75 points or 0.7 percent at 7784.20. About 554 shares have advanced, 193 shares declined, and 45 shares are unchanged. Hindalco, ITC, NTPC, HDFC and Tata Steel are top gainers while Dr Reddy's Labs fell over 1 percent. 

Indian stock markets were seen outperforming other Asian markets. Most of the Asia markets were trading with a negative bias. China's Shanghai Composite was down 2.23 per cent, Shanghai Shenzen fell 1.7 per cent and KOSPI was down 0.63 per cent.

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The S&P BSE Sensex rallied over 300 points in Monday morning trade on Monday led by gains in ITC, HDFC, HDFC Bank, Infosys, L&T, and RIL.The Nifty50 surged above its crucial level of 7,800 supported by gains in realty, power, metal, capital goods, banks, and auto stocks. 

Maker of watches and jewellery Titan Company Ltd falls as much as 3 pct.Company posted a 14.4 pct fall in March-quarter net profit.Company says weak market conditions and new regulatory restrictions for the jewellery business impacts profit.Jewellers were on strike for most of March after govt announced an excise duty in the 2016-17 budget.Elara Capital says results a "disappointment on all counts", believes Titan's watches segment will find it tougher to grow, with heavy online discounts to impact sales.Broker cuts rating to "sell" from "reduce", PT reduced to 289 rupees from 331 rupees .