BSE Sensex, Nifty tank nearly 3% This Week

Lingering uncertainty pulled down the Indian equity markets this week (Sep 26-31), snapping four-week gaining spree. The markets plunged nearly 3 percent this week. BSE Sensex ended below the psychological mark of 27,000 and NSE Nifty finished below 8,100 points.

The market sentiments were tumbled by factors like US rate hike fears and weak corporate earnings this week. The scrips in FMGC sector came under heavy selling pressure following bearish sentiment, which dominated the trading the entire week.

Despite rate cut in China the domestic markets could not sustain the gain momentum as witnessed in the beginning of the week. Following the bearish sentiment investors were shown no interest in fresh buying in the market.

The BSE Sensex resumed higher at 27,575.04 and hovered between the range of 27,618.14 and 26,585.20 before closing at 26.656.83. In the week, the Sensex lost 813.98 points or 2.96 per cent. In last four weeks, the Sensex had gained 1,607.51 points or 6.21 per cent.

The NSE Nifty dropped by 229.65 points or 2.77 per cent to 8,065.80. In previous four weeks, Nifty had gained 426.95 points or 5.43 per cent.

Among the S&P BSE Sectoral Indices, Capital Goods fell by 4.40%, Realty 3.68%, bankex 3.48%, FMCG 3.31%, Metal 2.98%, Oil&Gas 2.91%, Power 1.95% and Auto 1.3%. The BSE Small-cap and Mid-cap fell by 1.77% and 1.47% respectively.

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EquityPandit Launches Biggest Offer of 2015

EquityPandit Launches Biggest Offer of 2015

MUMBAI, January 1, 2015

India''s leading equity research company, EquityPandit, which specialises in stock market technical research, has launched the biggest offer of 2015. With the BiggestOffer Of 2015 launched onThursday, January 01, 2015, customers can now subscribe to any of the EquityPandit annual subscription package at just Rs.15,000, which normally costs around Rs.60,000. This offer is valid only for first 500 registrations.

"Such an offer comes once in a year that provides opportunity to retail investors and traders to get 85-95% accurate and crisp research throughout the year at nominal prices that generate excellent returns," said Abhishek Parakh, CEO and Managing Director of EquityPandit. "EquityPandit would soon launch its mobile app in the next few months that would provide fastest news updates and market predictions based on technical analysis to Indian investors and traders," added Abhishek Parakh.

"EquityPandit is also in the process of launching 'EquityPandit Knowledge Series' for its subscribers, wherein investors and traders would be able to learn basic and advanced technical analysis with simulations that would help EquityPandit's subscribers' trade successfully in the Indian Stock Market," added Darpan Shah, Research Head at EquityPandit.

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Awareness Programme on Commodity Futures to Highlight the Benefits of ‘Hedging’

Awareness Programme on Commodity Futures to Highlight the Benefits of ‘Hedging’
Bengaluru, Karnataka, India


Multi Commodity Exchange of India Ltd (MCX) in association with the Forward Markets Commission (FMC), organised an awareness programme at Bengaluru on Friday, December 26, 2014. It aimed at increasing hedgers’ participation on the commodity futures exchanges and the manner in which they could be used as effective price risk management tools. It was graced by the presence of Shri. S. K. Mohanty, Director, Forward Markets Commission. He highlighted the importance, effectiveness and benefits of the commodity futures market for the market participants. Moreover, he spoke about the reforms planned for the commodity futures market.

The programme was an opportunity for the market participants to understand about the commodity futures market, the technicalities of working of the commodity markets with respect to the products, price discovery, transparency and risk management mechanism in trading and settlement of transactions. The experts during the session spoke on various aspects of commodities trading in India from an Indian and a global perspective. Additionally, they highlighted the role of FMC in regulating and monitoring the functions of commodity exchanges in building confidence of the market participants, and for the growth of commodities market in India.

While explaining in detail about risk management and price discovery, the two fundamental and critical functions performed by the commodity exchanges, Mr. N. K. Muthappa, Assistant Vice President-Business Development MCX said, “In a span of around twelve years, the Indian commodity market has come a long way, and thus providing hedging opportunities to the market participants in the commodity space.”

“Commodity exchanges such as MCX provides a platform for the commodity value chain participants to hedge their price risks using a wide range of futures contracts in bullion, base metals, energy, and agri segment to insure themselves against adverse price fluctuations,” he added.

The market participants thanked both FMC and MCX for organising this interactive session which helped them gain an insight into the commodity futures markets.

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Stock Markets Update: BSE down by 0.24 percent, Nifty down by 0.17 percent @2:30pm

Today, the stock markets were in sluggish and turned red, BSE Sensex was at
26,343.45 points (-77.22), down by 0.29% at 2:40 pm. And Nifty was at 7881.65 points
(-15.58) down by 0.20 per cent.

The index was closed at 26420.67 points on Tuesday. In the intra-day the markets touched the high of 26504.52 points. and dipped to low at 26302.14 points.

Top gainers in Sensex 30 were Sun Pharmaceutical (844.90, 35.15, 4.34%), Cipla (495.00, 20.45, 4.31%), Tata Power (94.85, 2.25, 2.43%), Dr. Reddy's Laboratories Ltd. (2,891.05, 61.30, 2.17%), BHEL (231.05, 3.50, 1.54%),  Wipro Ltd. (553.25, 5.85, 1.07%), NTPC (145.35, 1.45, 1.01%).

Pharmaceuticals sectors scrips were seen in green, most of the scrips gain good return for the investors.

Top gainers in Nifty 50 were Sun Pharmaceutical Industries Ltd., CIPLA Ltd., Lupin, Kotak Mahindra Bank, Tata Power, Dr Reddy's Lab, Bharat Heavy Electricals Ltd, Wipro Ltd, NTPC Ltd., HCL Technologies Ltd., United Spirits at 2:30pm.

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BSE Sensex and NSE Nifty up till noon

Both BSE Sensex and Nifty were up at Tuesday noon due to selecting buying by the investors. The Sensex was at 19,709.04 points with gaining 98.56 ( +0.50%) at noon and the Nifty at 5,970.20 pints gaining 30.90 (0.52%). The equity market rebound from losses sessions as recorded on Monday and last week.

The market has been bullying but this time very selective scrips have been given preference by the buyers. The BSE was down at the opening trade but the buying stocks gained the momentum as the day progressed. On the contrary, the NSE Nifty went down by around 30 points at 11 am, but gained later on and levelled with the loss till noon on Tuesday.

Top gainers at BSE Sensex were Bata India, Glaxosmithkl, Cadila Health, Glaxosmithkl Phar and L&T Finance Holdings till noon. And Nifty gainers were LT, CIPLA, RANBAXY, IDFC, LUPIN .

Losers at BSE Sensex were Gitanjali Gems, Dish TV India, Shree Cement, Mangalore Ref, HDIL and SESAGOA, ULTRACEMCO, JINDALSTEL, HCLTECH, INFY were losers at Nifty till noon.

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BSE Sensex tanks below 20k

On Thursday, the Bombay Stock Exchange index Sensex tanked below 20,000 marks and the National Stock Exchange Nifty was also posted biggest percentage. The BSE Sensex closed at 19,674.33 shedding 387.91 points, or 1.93 per cent and broad-based Nifty closed at 5,993.90 points losing 127.45 points, or 2.09 per cent.

The stock market in India witness nose dive due to the poor quarterly report presented by the State Bank of India and possible cut in the stimulus packages by US Federal Reserve. The last week the BSE Sensex was gained around 500 points in a day, the biggest gain for the month. And the fall recorded on Thursday was another big fall witness. The sentiments of the investors were also rattled due to weak China manufacturing survey.

On the other hand, in the bullion market, the yellow metal was being seen at price fluctuations and similar case with the silver at the international market. The poor performance report by the State Bank of India for the quarter ending March has hit the sentiments of the investors, as the market started tumbling after the report was out.

It might take some time for the stock markets in India to recover from the posted loss on Thursday, as only hope if the RBI would go for further cut in the key interest rates as the headline inflation was seen moderating.

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Justdial IPO fully subscribed

The local search engine, Just Dial has set a milestone in its business empire as its initial public offer (IPO) was oversubscribed on Wednesday by 1.94 times at the National Stock Exchange (NSE).

According to media reports, the company Justdial has issued IPO worth 950 crores, having the fixed issue price at Rs 470-543. The company’s IPO received bid of more than 2.63 crore shares against offer of 1.35 crores at the NSE.

Just Dial has also given a discount to attract more customers and also reportedly assured to buy back the shares if the markets price of the shares goes down during the scheme period - 'safety net'. That would be for the retail investors holding the stocks of the company. However, the company has also some limitation on buyback scheme that read it is subjected to a maximum of 1,000 shares per allottee.

In February 2011, the Bollywood actor Amitabh Bachchan had agreed to pick up about 63,000 shares at Rs.10 of Just Dial, now his investment in the company would worth Rs. 3.4 crore. He is also the brand ambassador of Just Dial, as he signed contract for three years with the company that would expire by December 2013.

Around 89 per cent of the IPOs were subscribed by the qualified institutional buyers.

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BSE Sensex up by 285 Points

BSE Sensex, today has zoomed of 74 points in the early trade. And continued the gain till the post lunch session, at 3:50 pm the Sensex touched 19,016.46 points -gaining 285.30 points. 

The Nifty was also gained around 13 points at  5702 points in the early trade.  And it continued to zoom around 94 points, at the index was at 5,783.10 at 3:50pm.

The stock market rebound the gain due the low inflationary figures and speculations over the rate cut by the reserve bank of India.

The fall in the gold price was also favored the investors sentiment and turned the market in bullying in nature.

This was after TCS witnessed encouraging results in the fourth quarter. Stocks of Tata Consultancy Services (TCS) increased 1.76 per cent to Rs 1,485. This was due to the increase in the company’s net profit during the Jan-Mar qtr. Stocks in IT, oil and gas, capital goods, realty sector and healthcare, recovered.

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Sensex ends in Green at 19,331 pts and Nifty at 5,854 pts

Both BSE Sensex and Nifty were ended in green on Monday, the first day of the week. Last week, both the stock markets were down.

Sensex and Nifty were trading in loss during the post lunch session, but due to strong Asian cues helped them to end in green at closing time.

The BSE Sensex was ended at 19,331.69 points gaining 14.68 points or 0.08%. And the Nifty was ended at 5,854.75 points moving up 4.45 points of 0.08%.

Major gainers on BSE Sensex were Ranbaxy Lab , Sun TV Network , SJVN, Bajaj Finserv and Infosys,

Gainer on Nifty were Ranbaxy, Powergrid , Infy , Tatamotors and Bhel.

Losers on Sensex were Core Projects, Opto Circuits,Berger Paints, Astrazeneca Phar and MMTC.

At Nifty losers were Dlf, JPAssociat, Cipla, LT, and Ongc.

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Azim Premji Transfers 295.5 million equity shares to His Not-For-Profit Foundation

Chairman of Azim Premji Foundation, Azim Premji, announced that he has transferred 295.5 million equity shares representing 12% of the total shares of Wipro Ltd, held by certain entities controlled by him, to an irrevocable trust. With this transferred amount the trust's shareholding in Wipro will go up to about 19.93%.

Azim Premji foundation is a not for profit organization set up in the year 2001. The goal of the organization is to create and sustain initiatives to contribute to a just, equitable, humane and sustainable society.

The foundation has worked in partnership with various state governments, largely in rural India, to help contribute to the improvement of quality and equity of school education.

Currently the foundation's work is spread across Karnataka, Uttarakhand, Rajasthan, Chhattisgarh, Pondicherry, Andhra Pradesh, Bihar and Madhya Pradesh.

Premji was amongst the billionaires around the world to commit half of their wealth to philanthropy, the “Giving Pledge” campaign recently announced.

The campaign is led by billionaires’ warren Buffett, Bill Gates and others. The campaign is a commitment by the world’s wealthiest individuals and families to dedicate the major portion of their wealth to philanthropy.

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Market This Week: Sensex down 0.88, Nifty down 0.74

Markets this week : This week (Feb 17 to Feb 23) was dull, no big profit for the investors major stocks clocked down and there were no big global cues to boost the market.

This week, the Nifty was down 0.74 percent, BSE Sensex was down by 0.88 per cent, the Midcap was down by 0.3 per cent.

But the Smallcap went up by 0.5 per cent this week.

In the BSE 500 index, the gainer was Kingfisher which gained around 23 per cent in the week, while the Jet Airways was the loser.

This week’s Nifty gainers were DLF(13.2%), ACC (3.4%), Wipro(4.4%) and Ambuja ( 3.2%)

And Nifty losers of the week were JPC (7.1%), Coal India (4%) and Tata Motors (3.8%),.

In the sectoral indices, the FMCG, Bankex were seen dull in the week.

On Friday, the BSE Sensex was down by 0.04%, closed at 19,317 points. Nifty was closed at 5,850.30 points, down by 1.95 (0.03%) , due to heavy selling at both the markets.

The markets were flat since the beginning, there were bit up after lunch session.

Next week there could more active movement in the stock market as the government will present its union budget for 2013-14 on Feb 28.

Budget updates:

People having income of 20 lakh rupees or more may need to pay more income tax as the government may levy 2 to 5 per cent of surcharge on the income tax, according to media reports. The surcharge on superlative group was scrapped in 2009-10 union budgets.

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Both Sensex and Nifty end in Green

The BSE Sensex and Nifty ended in green on Monday, the first day of the week, due to selective buying from the investors.

The BSE Sensex was ended at 19,501.08 points gaining 32.93 points or 0.17%. The Nifty was closed at 5,898.20 points gaining 10.80 points or 0.18%.

The realty sector scrips were in demand and also gained 2.08 per cent.

The BSE Realty Index was ended at 2078.90 points with gaining 42.27 points of 2.08% followed by BSE CAPITAL GOODS and BSE POWER.

BSE FMCG was closed at 5822.41 points gaining 14.07 points or 0.24%.

Top gainers at BSE Sensex were MMTC, JPINFRATEC , DLF, Mahindra & Mah Fin and Canara Bank. And losers were Jet Air India, Havells India, Jindal Steel, Aurobindo Phar and Coal India.

Nifty gainers were DLF, JPASSOCIAT, TATASTEEL, POWERGRID and RELINFRA. And the losers at Nifty on Monday were JINDALSTEL, COALINDIA, TCS, BAJAJ-AUTO and ULTRACEMCO.

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Inflation falls to 6.62% in January

The headline inflation dipped to three year’s low of 6.62 per cent in January 2013 from 7.18 per cent in December 2012. The inflation was at 7.24 per cent in November 2012.

Considering the moderation in inflation in December 2012, the RBI had slashed the key interest rates recently.

The fall in inflation would lead to further cut in interest rates by the apex bank if it finds time conducing for further cut in key interest rates to boost the economy.

However, the hike in the petrol and diesel deregulation would have adverse impact on the inflation in India. The food inflation in primary articles was increase during the same period, onion at 11.52 per cent and potato at 79.07 per cent.

The easing inflation data could not help the market to close in green; both the stock markets were ended in red on Thursday. The BSE Sensex was closed at 19,497.18 losing 110.90 points or 0.57%.

The Nifty was closed at 5,896.95 points shedding 36points or 0.61%.

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Stock Market: Sensex down 24 pts, Nifty shed 5pts

The stock market in India on Monday witness steep fall, both BSE Sensex and Nifty were ended in red. The BSE Sensex was ended at 19460 by losing around 24 points (0.12%).

At closing, Nifty was at 5,897 points with 5.65 points down (0.10%). Both the markets were seen gaining –turning into green during post lunch session, but could not maintain the momentum, ended in red.

At Sensex, volume toppers were SBI, ICICIBank, TCS, Infosys and Tata Motors and 13 scrips were advanced in the entire day while 17 scrips recorded down.

Major gainers were MMTC, Hindustan Copp, Indian Bank, Cipla and Oberoi Realty. And losers were Cadila Health, Astrazeneca Phar, Financial Tech, United Brew-$ and Jain Irrigation.

At Nifty, major gainers were CIPLA, AXISBANK, HINDALCO, TATAMOTORS and DRREDDY. Losers were ACC, JINDALSTEL, IDFC, MARUTI, and ONGC.

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Oil India shares soar by 2.40%

The shares of state-run OIL INDIA LTD gained by 2.40 per cent at LTP of 539.80 on Thursday morning trade on BSE at around 10:30 am ,  the shares were closed down at 527.15 (2.30%) on Wednesday.

The empowered group of ministers (EGoM) has cleared a proposal of disinvestment of 10 per cent stake in Oil India; the process will begin from February 1 through offer for sale (OFS) route.

The disinvestment of 10 per cent stake in the company caused the fall in the shares by around 2.30 per cent on Wednesday. But in the early trade on the BSE Sensex, the shares zoomed to 539.80 up by 12.65 points than the previous closed figures.

The disinvestment of stake in Oil India would generate around 30,000 crore which could be used to boost the economy.

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BSE Sensex and NSE Nifty end in Flat

Both BSE and NSE stock market were ended on flat on Wednesday, the Sensex ended at 20,005.00 points gaining around 14 points (0.07%) and Nifty edged up 5.85 points at 6055.75 points (0.10%).

The rate cut on Tuesday however helped the stock market initial gain, but both the markets were ended in flat following the warnings over the Indian economy health by the RBI.

In the morning trade on Wednesday, the BSE Sensex zoomed around 11 and but could not maintain the momentum. On the other hand, Nifty was bit volatile and turned red before lunch and post-lunch session, but managed to end in green.

BSE Sensex and Nifty bother were above the 20k and 6k marks, respectively today at closing time.

Among the sectoral indices, the major gainers were BSE Realty Index (1.39%), BSE CONSUMER DURABLES (01.24%), BSE OIL & GAS (1.06%) and the loser were BSE CAPITAL GOODS (-1.24%), BSE POWER (-0.68 %), BSE AUTO( -0.49%), BSE TECk( -0.18%) and BSE PSU Index (-0.07%).

Top Nifty gainers on Wednesday were: DLF (3.00 %), CIPLA (2.41%), ACC (2.31%), SESAGOA (2.26%) and AMBUJACEM (2.26%).

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Sensex up 60 points, Nifty zooms 28 pts

Following the rate cut declared, as expected, the stock markets zoomed into green after a gloomy morning trading session. At 11:47 am the Sensex was at 20,166.56 points gaining 63.21 (0.31%) on Tuesday, and the Nifty was trading at 6,103.15 points gaining 28.35(0.47%).

The RBI declared rate cut in repo rate and Cash Reserve Ratio by 25 bps that will help to infuse around Rs 18,000 crore into the economy. The economic reforms and the rate cut by the apex bank boosted the market sentiments turning stock markets into green on Tuesday.

Axis Bank stocks gained around 4.94 by 69.95 rupees and the last trading price was at 1,485.00. BSE BANKEX was rose by around 166.17 (1.13%) at 14829.75 points. Markets are expected to gain more following strong market sentiments.

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Sensex and Nifty end flat

Both BSE Sensex and NSE Nifty were flat on Monday, the first one ended in red at 20,103.35 points shedding 0.18 points while the later ended flat at 6,074.80 points gaining 0.15 points. In the morning session, the stock markets were seen in green, during the post lunch session the markets shed points and turned red.

The first day of the week, both Sensex and Nifty were seen in dull trading and ended in flat. However, the sentiments were up following possible rate cut news was floating around the market.

BSE MID-CAP indices was opened at 6983.60 points closed at 6975.84 points, gained only 1.61 points (0.02%) . The market capitalization of BSE MID-CAP was Rs.7041360.66 crore as on 28 Jan 2013.

BSE SMALL-CAP has done best business among the indices; it closed at 7162.05 points with gaining 19.34 points (0.27%)

BSE 100 was closed at 6124.92 points gaining 3.83 points (0.06%),

BSE-200 was closed at 2473.09 points gaining 1.68 points (0.07%),

BSE-500 was closed at 7701.87 points gaining only 5.52 points (0.07%),

Top 5 gainers on the day at Sensex were:

Bharat Elect with Last Traded Price (LTP) at 1,307.70, gained 66.30 (5.34%)

Adani Ports with LTP at 136.95, gained 6.35 (4.86%)

Yes Bank with LTP 522.30, gained 18.25 (3.62%)

MCX with LTP of 1,411.55 gained 46.95 (3.44%)

Satyam Comp LTP at 124.35 gained 3.70 (3.07%)


Nifty was also closed on a flat note at 6,074.80 points gained 0.15 points. Top 5 gainers on Nifty were : DLF at LTP of 267.10 (2.83%); TATAMOTORS at LTP of 308.60 (2.52%), AXISBANK at 1,416.50 (2.18%), HEROMOTOCO at 1,800.10 (1.99%), and HCLTECH at 693.60 (1.84%).

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BSE Sensex gains 179 pts, Nifty zooms 55 pts

Rebounding from the yesterday’s closing at 19923.78 points, today the BSE Sensex gained 179 points and closed at 20103.53 points. Sensex again gained the psychological mark of 20,000 on Friday.

There were reasons for investors to smile as the market today gained around 0.90 per cent on total turnover on Friday.

The Sensex was opened at 19945.69 points and touched the highest points of 20129.01, and also touched the lowest points at 19928.11.


The post lunch trading was bit favorable for the investors in BSE Sensex with good positive quest and crossed the psychological mark during the closing session of the market.

The BSE MID-CAP was closed at 6974.23 with a gain of 125.55 points or 1.83 per cent.
The BSE SMALL-CAP was closed at 7,142.71 with gaining 72.87 points or 1.03 per cent,
The BSE-100 closed at 6,121.09 gaining 67.08 points or 1.11 per cent,
The BSE-500 closed at 7,696.35 gaining 86.15 points or 1.13 per cent,

Among the sectoral indices,

BSE Realty Index zoomed 92.35 points at 2183.63 (4.42 %),
BSE AUTO ended at 11071.24 points with gaining 236.85 ( 2.19%)
BSE FMCG ended at 5836.47 points with gaining 56.13 (0.97%)
BSE CONSUMER DURABLES ended at 7549.94 points zooming 126.62 points (1.71%)

On Friday, the NSE Nifty was also zoomed 55.30 points gaining 0.92 per cent at 6,074.65. The Nifty was also at the psychological mark of 6000 points.

The hopes for possible rate cut by the reserve bank pushed the stock markets to high on Friday, and good news that both the markets were at their psychological mark indicating a good new business for the next week in stock market.

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BSE Sensex tanks 102 points

The stock market was choppy today, as the BSE Sensex was ended at 19,923 with 102.83 points down or -0.51% loss. The Sensex was closed on Wednesday at 20,026.61 points with 45 points up or gain of +0.23 %.

Among the other indices, MIDCAP ended at 6,848.68 point with down of 176.63 points or loss of 2.51 per cent, SMLCAP ended in loss at 7,069.84 by 176.94 points down or loss of 2.44 per cent, the BSE-100 indices was closed at 6,054.01 which posted 52.08 points down at loss of 0.85 per cent, and the BSE-500 shed 84.66 per cent at 7,610.20 points on Thursday with loss of 1.10 per cent.

Gainers at Sensex:

JPINFRATEC - LTP 50.00, Change 1.45 (2.99%)

Tech Mahindra – LTP 991.60, change 25.05 (2.59%)

Godrej Cons – LTP 722.30, change 17.25 (2.45%)

SJVN- LTP 22.05, change 0.45 (2.08%)

Hindustan Unilever -LTP 468.75, change 8.55 (1.86%)

NSE Nifty has also shed 34.95 points on Thursday, closed at 6,019.35 points with loss of 0.58 per cent.

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