The Indian equity market closed in the green extending its winning streak to fifth consecutive trading session. After opening with a positive bias, indices were stuck in a narrow trading range. The benchmarks lost its early momentum on account of selling pressure in the realty, healthcare and oil & gas stocks. However, gains in the metals, IT and auto stocks saw the benchmarks end with modest gains.
Real estate stocks saw heavy selling and closed lower by 1%. DB Realty cracked 4.3% on the counter. DLF and Prestige Estate dropped 2% each. Oil & Gas, pharma, finance and FMCG stocks were among the losers today. Midcap and smallcap scrips closed marginally higher by 0.4%.
Hindalco, Tata Motors, Coal India, Tata Motors DVR, Tata Power, Hero MotoCorp and NTPC were among the major gainers on the NSE. On the other hand, BHEL, Tata Steel, Zee Ent, HDFC, Maruti Suzuki, Sun Pharma, Adani Ports, Aurobindo Pharma and HCL Tech were among the major losers.
On the economy front, GDP numbers, purchasing managers' index (PMI) data for services and manufacturing sectors will be announced during this week.
Finally, the BSE Sensex ended with a gain of 72 points at 26,726. The BSE Sensex opened at 26,695 touched an intra-day high of 26,795 and low of 26,623.
The NSE Nifty closed with a gain of 22 points at 8,179. The NSE Nifty opened at 8,166 hitting a high of 8,200 and low of 8,151.
The India VIX (Volatility) index surged higher by 4.6% at 15.9750.
Out of 1,824 stocks traded on the NSE, 739 declined and 774 advanced today.
The rupee was trading down 21 paise at 67.24 per US dollar.
On the global front, Asian stock market closed on a mixed note. In China, the Shanghai Composite index closed marginally higher, while Hong Kong’s Hang Seng index closed up 0.3%. Japanese stocks edged higher as the yen weakened against the dollar. The Nikkei 225 ended 1.37% higher at 17,068 points.
In Europe, The FTSE 100 was trading higher by 0.08%. DAX and the CAC 40 are trading marginally higher.
Mahindra & Mahindra slipped 0.6% to Rs.1327. The company reported a net profit of Rs.5837.30 mn for the quarter ended March 31, 2016 as compared to Rs.5505.60 mn for the quarter ended March 31, 2015.
Claris Lifesciences hit 20% upper circuit after the company announced that it received EIR for its manufacturing facility located near Ahmedabad wherein US FDA concluded that the inspection stands closed.
Granules India jumped 6% after the company said that it received Establishment Inspection Report (EIR) from the United States Food & Drug Administration (USFDA) for its Jeedimetla plant for the inspection conducted at the facility in December 2015.
Dynamatic Technologies rallied 17% to Rs.2650 after the company reported over three-fold jump in consolidated net profit at Rs.19.22 crore for the quarter ended March 2016. The company had posted net profit of Rs.5.04 crore in a year ago quarter.
Muthoot Finance rallied 8.7% to Rs.233.The company posted a net profit of Rs. 2652.213 million for the quarter ended March 31, 2016 as compared to Rs. 1651.858 million for the quarter ended March 31, 2015.
Tech Mahindra gained 1.5% to Rs.544 on BSE. The company said its board has approved the proposal to acquire Target TOPCO Ltd, a UK-based entity.
BHEL dropped 5.8% to Rs.121. The company’s standalone revenue stood at Rs. 10,004.77 crore, down 21.5% yoy but up 87.86% qoq.
Tree House Education plunged 10% to Rs.71. The net profit stood at Rs.6.78 crore, while revenue from operations was at Rs.209.33 crore, for FY16.
Coal India zoomed 3.8% to Rs.292.The company posted a net profit of Rs. 42479.30 mn for the Quarter ended March 31, 2016 as compared to Rs. 42385.50 mn for the Quarter ended March 31, 2015.
Jubilant Foodworks tumbled 8% to Rs.1,024.The company posted a net profit of Rs. 294.663 million for the quarter ended March 31, 2016 as compared to Rs. 315.322 mn for the quarter ended March 31, 2015.
Punj Llyod dropped 5.3% to Rs. 20.50 on BSE. The company posted a net loss of Rs. 4679.90 million for the quarter ended March 31, 2016 as compared to net profit of Rs. 2685.30 million for the quarter ended March 31, 2015.
Aurionpro Solutions gained 3% to Rs.148 after the company secured an order from Nagpur Metro Rail Corporation.
A total of 44 stocks registered a fresh 52-week high in trades today, whereas 28 stocks touched a new 52-week low on the NSE.
ACC Limited, Alankit Limited, Asian Paints Limited, Cholamandalam Investment and Finance Company Limited, Cineline India Limited, DCM Shriram Limited, ECE Industries Limited, Edelweiss Financial Services Limited, EIH Associated Hotels Limited, Elgi Equipments Limited, Energy Development Company Limited, Equitas Holdings Limited, Gujarat Narmada Valley Fertilizers and Chemicals Limited, Godrej Consumer Products Limited, Grasim Industries Limited,Gruh Finance Limited, GTN Industries Limited, HDFC Bank Limited, Hinduja Foundries Limited, Indiabulls Real Estate Limited, IndusInd Bank Limited, Infibeam Incorporation Limited, Infosys Limited, IOL Chemicals and Pharmaceuticals Limited, Jayant Agro Organics Limited, JSW Steel Limited, Kajaria Ceramics Limited, Kotak Mahindra Bank Limited, KPIT Technologies Limited, L&T Finance Holdings Limited, Lakshmi Finance & Industrial Corporation Limited, Mahindra & Mahindra Financial Services Limited, Maharashtra Seamless Limited,, Muthoot Capital Services Limited, Muthoot Finance Limited, Omaxe Limited, PNC Infratech Limited, Power Grid Corporation of India Limited, Prime Securities Limited, Seshasayee Paper and Boards Limited SKS Microfinance Limited, Shriram Transport Finance Company Limited, Supreme Industries Limited, Tamil Nadu Newsprint & Papers were some of the prominent stocks to log a fresh 52-week high during intra-day.
Agro Dutch Industries Limited,Arshiya Limited, Birla Cotsyn (India) Limited,Bliss GVS Pharma Limited, Elder Pharmaceuticals Limited, Entegra Limited, Era Infra Engineering Limited, Gravita India Limited, IPCA Laboratories Limited, Jaypee Infratech Limited, Jaiprakash Power Ventures Limited, Jindal Stainless Limited, Karma Energy Limited, Parabolic Drugs Limited, Pudumjee Paper Products Limited, Prakash Steelage Limited, Raisaheb Reckhchand Mohota Spinning & Weaving Mills Limited, Raj Rayon Industries Limited, SHREE GANESH JEWELLERY HOUSE (I) LIMITED, Shrenuj & Company Limited, SKM Egg Products Export (India) Limited, Shekhawati Poly-Yarn Limited, Surana Industries Limited, SVOGL OIL GAS AND ENERGY, Tree House Education & Accessories Limited, Vidhi Dyestuffs Manufacturing Limited,Visesh Infotecnics Limited, Zicom Electronic Security Systems were some of the notable stocks to record new 52-week low during the day.