Sensex up 416 pts, Nifty ends May series above 10,700; HDFC Bank leads

Benchmark indices closed sharply higher on the day of expiry of May futures & options contracts. Positive global cues on easing Italy political concerns and the rally in HDFC Bank lifted market sentiment. The 30-share BSE Sensex rose 416.27 points or 1.19 percent to 35,322.38 and the 50-share NSE Nifty gained 121.80 points or 1.15 percent at 10,736.20 while Nifty Midcap index was down 0.4 percent. About 1,643 shares declined against 994 advancing shares on the BSE. Atlanta, Manpasand Beverages, Leel Electricals, Dilip Buildcon, Bombay...

Read More

Sensex falls 239 pts, Nifty ends below 10,700; Rel Comm jumps 65%

Benchmark indices closed lower for the second consecutive session amid political turmoil in Italy. The 30-share BSE Sensex declined 43.13 points to 34,906.11 and the 50-share NSE Nifty slipped 18.90 points to 10,614.40. About 1,444 shares declined against 1,222 advancing shares on the BSE. Nava Bharat Ventures, Info Edge, Torrent Power and Satin Creditcare gained up to 20 percent while Vakrangee, Just Dial, South Indian Bank and Adani Power fell up to 5 percent. HEADLINES OF THE DAY CRISIL stock price is locked at 20 percent upper circuit...

Read More

Sensex ends below 35K, sheds 216 pts; Nifty Bank loses 359 pts

Benchmark indices snapped three-day winning streak, dented by weak global cues and sharp fall in rupee. Banking & financials are the major losers that pulled the market lower in trade today. The 30-share BSE Sensex dropped 216.24 points or 0.61 percent to Rs 34,949.24 and the 50-share NSE Nifty fell 55.40 points to 10,633.30 while Nifty Midcap was down 0.35 percent. Bank of India, PC Jeweller, Bank of Baroda, Balrampur Chini, HCC, Canara Bank and Strides Shasun were under pressure. Ruchi Soya, Ashok Leyland, Idea Cellular, SAIL and...

Read More

Nifty likely to open lower, Stocks in the news: BHEL, Vedanta, L&T, Jet Airways

Nifty likely to open lower, Stocks in the news: BHEL, Vedanta, L&T, Jet Airways Indian Indices:                            The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 83 points higher at 10,688 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India,...

Read More

TOP CORPORATE NEWS - 28 MAY 2018

Manpasand Beverages hits 20% lower circuit after auditor Deloitte's exit Manpasand Beverages stock is currently trading at Rs344.80 down by Rs86.2 or 20% from its previous closing of Rs431 on the BSE. The statutory auditors for Manpasand Beverages announced to the stock exchanges that Deloitte Haskins & Sells, Chartered Accountants, Vadodara, have resigned as Statutory Auditors of the company w.e.f. May 26, 2018. Mehra Goel & Co., Chartered Accountants, New Delhi, have been appointed as statutory auditors in Deloitte’s place w.e.f....

Read More

Capitalstars - INDIAN EQUITY MARKET OUTLOOK - 28 MAY 2018

Nifty likely to open flat, Bank Of India, United Breweries, IDBI Bank, NTPC, BoB, Dr Reddy's Lab in new, NTPC, L&T earnings today Indian Indices:                            The Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange. Nifty50...

Read More

S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. US crude tumbled 4 percent to settle at USD 67.88 a barrel after Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed prices to their highest since 2014. The S&P energy index slid 2.6 percent and registered its biggest daily percentage drop since early February, while Chevron dropped 3.5 percent and Exxon Mobil fell 1.9 percent and were among...

Read More

Asia opens lower; Bank of Baroda, Idea, Sun Pharma in focus

Indian Indices:                            The Nifty50 which started higher gathered momentum in the last one hour of the trading session on Thursday and closed above its crucial resistance level of 10,500 on Thursday. Index saw some value buying at lower levels along with short covering which helped Nifty to reclaim 10,500 on closing basis which is a positive sign. The Nifty50...

Read More

Sensex up over 300 pts, midcaps underperform; IT zooms, ONGC dips

Benchmark indices regained strength in late trade on short covering, with the Sensex rising 318.20 points or 0.93 percent to 34,663.11.  The 50-share NSE Nifty rallied 83.50 points or 0.80 percent to 10,513.90. Tata Motors, GAIL and ONGC fell 4-7 percent while TCS, Infosys, Axis Bank and Bharti Airtel gained up to 4 percent. Nifty Midcap fell 70 points on weak market breadth. About 1,087 shares declined against 997 advancing shares on teh NSE. REC, Jubilant Foodworks, Parag Milks Foods, Hexaware, KPIT Tech and L&T Infotech...

Read More

Sensex up 300 pts, Nifty reclaims 10,500; IT, pharma cos gain

The markets are trading higher on Thursday afternoon led by a rise in information technology (IT), pharmaceutical and banking stocks.Among sectoral indices, the Nifty IT index rose over 2% led by a rise in the shares of Infosys, KPIT Technologies and Tata Consultancy Services. The Nifty Pharma index too was up nearly 2% led by Sun Pharmaceutical Industries and Cadila Healthcare. Stock-specific...

Read More

CAPITALSTARS TOP CORPORATE NEWS - 23 MAY 2018

NCLT allows CoC to consider revised bid of UltraTech Twists and turns continue in the Binani Cement asset sale. On Tuesday, the National Company Law Appellate Tribunal (NCLAT) allowed the committee of creditors (CoC) of Binani Cement to consider the revised bid by UltraTech Cement or that of Dalmia Bharat (if it revises its bid higher), as per various media sources. However, Dalmia Bharat is unwilling to revise its Rs6,589cr takeover offer, which previously won the bid. Dalmia Bharat maintains status quo on the offer, as it has followed the...

Read More