Thursday, 17 March 2016

Intraday Stock Cash Tips: Sensex, Nifty end flat

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3:30 pm Market closing: The market ended flat. The Sensex was down 5.11 points at 24677.37, and the Nifty up 13.80 points or 0.2 percent at 7512.55. About 1258 shares have advanced, 1350 shares declined, and 183 shares are unchanged.

BPCL, Ambuja Cement, Tech Mahindra, GAIL, ACC, BHEL, Idea
Cellular and Adani Ports were among the gainers on NSE, whereas Lupin, HDFC, M&M, HDFC Bank, IndusInd Bank, Sun Pharmaceuticals and Yes Bank were among the losers today.

The Indian Rupee was trading up by 52 paise at 66.65 per US dollar.

On the global front, China’s Shanghai Composite Index and Hang Seng closed up 1.2%.

In Europe, the FTSE 100 trading was down 0.07%. On the other hand, DAX and the CAC 40 were trading down 1% each.

Stock Cash Premium: Sun Pharma's arm Taro plans shares repurchase worth US$ 250mn

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Taro Pharmaceutical Industries reportedly said that its board of directors has approved a $250-mn share repurchase of its ordinary shares.

Repurchases may be made from time to time at the company's discretion, based on ongoing assessments of the capital needs of the business, the market price of its stock, and general market conditions, the company reportedly said.

Sun Pharmaceuticals Industries Ltd ended at Rs. 836.65, down by Rs. 7.25 or 0.86% from its previous closing of Rs. 843.9 on the BSE.

The stock traded below its 200 DMA.

Intraday Stock Cash Tips: Nifty opens above 7550

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ICICI Bank, Hindalco, GAIL, Tata Steel and Tata Motors are top gainers.

The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55, and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged.

Tuesday, 15 March 2016

Equity Tips: Nifty ends at 7461, Sensex slumps 253 pts ahead of Fed meet

3:30 pm Market closing: The Sensex ended lower 253.11 points or 1 percent at 24551.17, and the Nifty slipped 78.15 points or 1 percent at 7460.60 ahead of Fed meet. About 1003 shares have advanced, 1633 shares declined, and 159 shares are unchanged.
SBI, Bharti Airtel, Tata Steel, Axis Bank and BHEL were top gainers while Lupin, HDFC, Dr Reddy's, Sun Pharma abd Cipla were losers.

Stock Cash Tips: JSPL up 3%, arm to divest 4.12% stake in India Energy Exchange

"As part of the monetisation plan already advised, Jindal Power, a subsidiary company of JSPL has entered into a definitive agreement to divest 4.12 percent holding in India Energy Exchange at an undisclosed," says the company in its filing.

Jindal Steel & Power (JSPL) shares gained nearly 3 percent intraday Tuesday after its subsidiary divested stake in India Energy Exchange.
By the end of March 2015, the company had consolidated debt of Rs 42,252 crore, increased significantly from Rs 34,230 crore in March 2014.  
At 09:33 hours IST, the scrip of Jindal Steel & Power was quoting at Rs 60.65, up Rs 0.90, or 1.51 percent on the BSE. 

Equity Market Tips: Sensex, Nifty marginally lower

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Lupin crashed 6 percent on Goa facility inspection by USFDA. HDFC and Sun Pharma declined over a percent while Infosys, SBI, TCS, L&T, Axis Bank and Maruti Suzuki gained 0.2-0.8 percent.

Equity benchmarks started off Tuesday on a negative note, tracking tepid Asian cues. The 30-share BSE Sensex fell 34 points to 24770.28 and the 50-share NSE Nifty declined 17.25 points to 7521.50.

The Indian rupee has opened lower by 11 paise at 67.22 per dollar against 67.11 a dollar in previous session.

In the global markets, Asian markets were tepid, tracking US equities' performance overnight.

Wall Street ended flat in light trading as investors lay low ahead of a US Federal Reserve meeting that is set to begin later today, where the Fed is expected to hold onto the current interest rates this week.