Sensex, Nifty end marginally lower on F&O expiry day; realty, auto gain

Benchmark indices ended with marginal cuts on the last day of the June Futures & Options (F&O) series in Thursday's volatile session.

 
The benchmark S&P BSE Sensex was little changed from its previous day's close, up 6 points to 39,586, with Tech Mahindra, HCL Tech, Reliance Industries, ITC, and Infosys the biggest BSE losers. The broader Nifty50 index also dipped 6 points to 11,842. The market breadth, however, was tilted in favour of buyers. About 1,014 stocks advanced and 743 declined on the NSE.

In a volatile session, Sensex rose to 39,817 while Nifty reclaimed the 11,900 level but failed to hold the same.

The Nifty sectoral indices traded mixed on Thursday. Nifty Realty and Nifty Auto gained the most 1.9 and 1.1 per cent, respectively, while Nifty IT took the deepest cut, down 0.68 per cent.

The broader market fared better. The S&P BSE MidCap index settled 54 points, or 0.36 per cent, higher at 14,853, while the S&P BSE SmallCap climbed 75 points, or 0.5 per cent, to 14,249.

BUZZING STOCKS

Shares of CreditAccess Grameen (CAGL) has surged 8 per cent to Rs 562 on the BSE on Thursday in early morning trade after the company completed a direct assignment of Rs 139 crore on June 26. By the day's end, the stock settled 0.18 per cent higher at Rs 521.10.READ MORE

Shares of Cox & Kings were locked in lower circuit for the second straight day, down 10 per cent at Rs 40 after Brickwork Ratings downgraded credit rating of the company's non convertible debenture issue which highlighted delays in debt reduction and increase in receivables. READ MORE

State Bank of India (SBI) shares rose 1.1 per cent higher at Rs 362.05 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital.  READ MORE

4:01 PM IST COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%) CENTRUM CAPITAL 26.00 25.45 -0.20 -0.76 GLAXOSMI. PHARMA 1219.85 1215.00 -1.60 -0.13 GLENMARK PHARMA. 449.20 446.80 -4.10 -0.90 INDIABULLS INTEG 186.10 170.10 8.85 4.99 LA OPALA RG 190.85 181.00 9.15 5.04 » More on 52 Week Low

4:01 PM IST COMPANY PRICE(rs) 52 WK HIGH CHG(rs) CHG(%) A B B 1593.00 1639.70 -10.60 -0.66 ABBOTT INDIA 8904.00 8975.00 106.40 1.21 BAJAJ FIN. 3647.00 3660.00 19.40 0.53 BAJAJ FINSERV 8430.70 8470.40 19.35 0.23 CITY UNION BANK 215.10 220.25 -1.05 -0.49 » More on 52 Week High

4:00 PM IST COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME RELIANCE POWER 4.37 -0.08 -1.80 21115546 SUZLON ENERGY 5.60 -0.32 -5.41 13944268 RELIANCE INFRA. 59.40 -1.55 -2.54 9816318 I D F C 34.40 -0.95 -2.69 8168188 PC JEWELLER 44.90 -2.85 -5.97 7758889 » More on Most Active Volume

4:00 PM IST

3:59 PM IST

3:58 PM IST

3:37 PM IST The S&P BSE Sensex ended at 39,586, down 6 points while the broader Nifty50 index settled at 11,842, down 6 points.

3:24 PM IST COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME IFCI 9.80 -0.77 -7.28 4743513 JAIN IRRIGATION 27.35 -1.80 -6.17 3164594 PC JEWELLER 45.10 -2.65 -5.55 5111366 WOCKHARDT 376.80 -22.15 -5.55 317635 ORIENTAL BANK 95.30 -5.15 -5.13 787565 » More on Top Losers

3:09 PM IST

3:03 PM IST Within 10 months of starting wealth management business WGC Wealth, Wadhawans, promoters of DHFL, have exited venture by selling stake to employees. It is renamed as Validus Wealth, post the transaction. In a separate transaction, LGT group, global private banking and asset management firm, has acquired substantial majority stake in the Validus Wealth, the company said in a statement. It, however, did not disclose financial details and ownership details for both deals. READ MORE

2:48 PM IST

LIVE UPDATES

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
CENTRUM CAPITAL 26.00 25.45 -0.20 -0.76
GLAXOSMI. PHARMA 1219.85 1215.00 -1.60 -0.13
GLENMARK PHARMA. 449.20 446.80 -4.10 -0.90
INDIABULLS INTEG 186.10 170.10 8.85 4.99
LA OPALA RG 190.85 181.00 9.15 5.04
» More on 52 Week Low

Stocks that hit 52-week high on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK HIGH CHG(rs) CHG(%)
A B B 1593.00 1639.70 -10.60 -0.66
ABBOTT INDIA 8904.00 8975.00 106.40 1.21
BAJAJ FIN. 3647.00 3660.00 19.40 0.53
BAJAJ FINSERV 8430.70 8470.40 19.35 0.23
CITY UNION BANK 215.10 220.25 -1.05 -0.49
» More on 52 Week High

Most active stocks by volume

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
RELIANCE POWER 4.37 -0.08 -1.80 21115546
SUZLON ENERGY 5.60 -0.32 -5.41 13944268
RELIANCE INFRA. 59.40 -1.55 -2.54 9816318
I D F C 34.40 -0.95 -2.69 8168188
PC JEWELLER 44.90 -2.85 -5.97 7758889
» More on Most Active Volume

Heatmap: S&P BSE Sensex


Nifty sectoral indices at close


Market at close


Market at close

The S&P BSE Sensex ended at 39,586, down 6 points while the broader Nifty50 index settled at 11,842, down 6 points.

Top losers on BSE500

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
IFCI 9.80 -0.77 -7.28 4743513
JAIN IRRIGATION 27.35 -1.80 -6.17 3164594
PC JEWELLER 45.10 -2.65 -5.55 5111366
WOCKHARDT 376.80 -22.15 -5.55 317635
ORIENTAL BANK 95.30 -5.15 -5.13 787565
» More on Top Losers

ONGC up 2%


DHFL promoters sell stake in wealth management business to employees

Within 10 months of starting wealth management business WGC Wealth, Wadhawans, promoters of DHFL, have exited venture by selling stake to employees. It is renamed as Validus Wealth, post the transaction. In a separate transaction, LGT group, global private banking and asset management firm, has acquired substantial majority stake in the Validus Wealth, the company said in a statement. It, however, did not disclose financial details and ownership details for both deals. READ MORE

Market check | Sensex climbs again


Tech Mahindra declines over 2%


Sharp fall in markets


MARKET CHECK


Kudremukh Iron Ore Company up 9%


OMCs gain

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%)
GAIL (INDIA) 307.50 311.00 307.05 -1.85 -0.60
O N G C 170.05 170.25 167.35 2.60 1.55
RELIANCE INDS. 1291.00 1296.65 1283.00 -3.55 -0.27
I O C L 156.80 156.85 154.40 1.90 1.23
H P C L 290.55 292.50 287.65 2.70 0.94
B P C L 392.75 397.95 386.85 1.45 0.37
PETRONET LNG 248.00 249.75 244.60 2.25 0.92
INDRAPRASTHA GAS 314.50 317.40 312.65 1.25 0.40
CASTROL INDIA 137.05 137.70 136.50 -0.05 -0.04
GUJ.ST.PETRONET 192.90 195.15 191.20 0.75 0.39

Nifty Private Bank index is trading 1% higher


Shriram City Union Finance zooms 10%


Stocks that hit 52-week low on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
CENTRUM CAPITAL 25.80 25.45 -0.40 -1.53
GLAXOSMI. PHARMA 1220.00 1215.10 -1.45 -0.12
GLENMARK PHARMA. 450.55 448.00 -2.75 -0.61
INDIABULLS INTEG 186.10 170.10 8.85 4.99
LA OPALA RG 187.00 181.00 5.30 2.92
» More on 52 Week Low

After sharp run in realty stocks, analysts say it's time to be selective

For a sector that was shunned by investors in 2018, the recovery in the real estate stocks the first half of calendar year 2019 (H1CY19) has been quite sharp and swift. This is despite the liquidity issues and the fact that most players in the segment have been saddled with huge inventory since the past few years owing to tepid demand. At the broad index level, the Nifty Realty has outperformed the Nifty 50 with a rise of nearly 20 per cent thus far in H1CY19, as compared to 9 per cent up move in the frontline benchmark. READ MORE


Titan Company at record high


Govt sources refute Trump's claim, says India's tariffs are not that high

India's tariffs are not that high compared to other developing countries, government sources told Reuters on Thursday, reacting to United States President Donald Trump's call to withdraw what he said were very high tariffs. Earlier Trump tweeted that he looked forward to meeting Indian Prime Minister Narendra Modi at the G20 summit in Japan, but said that for years India had put "very high tariffs against the United States". Adding: "This is unacceptable and the tariffs must be withdrawn!" READ MORE

India's monsoon rains 24% below-average in the week ended June 26: IMD

India's monsoon rains were 24% below average in the week ended June 26, the weather office said on Thursday, as the seasonal rainfall was scanty over central and western parts of the country. The rains are crucial for farm output and economic growth as about 55% of the south Asian nation's arable land is rain-fed, and the farm sector makes up about 15% of a nearly $2.5-trillion economy that is Asia's third-biggest. READ MORE

Real estate shares in focus; Godrej Properties hits record high

Shares of real estate companies were in focus with Nifty Realty index gaining more than 2 per cent on Thursday, on improved outlook especially for developers with large focus on commercial real estate. Godrej Properties, Prestige Estates, Oberoi Realty, Indiabulls Real Estate and Sunteck Realty were up 2 per cent to 6 per cent on the National Stock Exchange (NSE). READ MORE

Indiabulls Housing Finance climbs over 4%


Most active stocks by volume

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%) VOLUME
RELIANCE POWER 4.39 4.75 4.32 -0.06 -1.35 8488957
I D F C 35.00 36.40 34.90 -0.35 -0.99 7796379
SUZLON ENERGY 5.78 6.26 5.52 -0.14 -2.36 7202482
VIKAS PROPPANT 8.76 8.93 8.76 -0.17 -1.90 6379514
RELIANCE INFRA. 58.40 65.80 55.60 -2.55 -4.18 4761451
EMBASSY OFF.REIT 369.02 375.75 369.00 -0.98 -0.26 2960800
VODAFONE IDEA 12.55 12.65 12.20 0.24 1.95 2553718

SBI nears record high on fundraising plan; stock rises 7% in six days

State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade. The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020. READ MORE

Tariff hike is unacceptable, must be withdrawn: Donald Trump to India

US President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable".
 
India slapped higher tariffs on 28 US products following Washington's withdrawal this month of key trade privileges for New Delhi. READ MORE

Reliance Infra dips 7%


Sugar stocks rally

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%)
BAJAJ HINDUSTHAN 7.76 7.86 7.70 0.31 4.16
TRIVEN.ENGG.IND. 68.60 69.60 67.50 4.20 6.52
BALRAMPUR CHINI 140.15 140.95 136.45 5.75 4.28
DWARIKESH SUGAR 26.35 26.85 26.25 0.60 2.33
DHAMPUR SUGAR 191.70 193.35 188.95 6.80 3.68
KCP SUGAR &INDS. 15.20 15.50 15.00 0.75 5.19
RANA SUGARS 2.85 2.86 2.78 0.10 3.64
UGAR SUGAR WORKS 14.70 15.00 14.25 0.75 5.38
DALMIA BHARAT 108.60 109.50 106.80 5.80 5.64
MAWANA SUGARS 46.90 47.80 46.15 3.05 6.96

NEWS ALERT | Power Ministry working towards reviving gas-based power projects: sources to CNBC TV18

- Power Ministry preparing a cabinet note for the same

- Ministry feels current market price favours power projects

- May seek 50% discount on pipeline charges from GAIL

- May seek VAT waiver from states

Cox & Kings hits lower circuit for 2nd straight day, tanks 57% in a month

Shares of Cox & Kings were locked in lower circuit for the second straight day, down 10 per cent at Rs 40 after Brickwork Ratings downgraded credit rating of the company's non convertible debenture issue which highlighted delays in debt reduction and increase in receivables. The rating agency retained its commercial paper rating. READ MORE

Fund raising via IPOs in first half of 2019 at four-year low

In H1CY19, eight companies, including the recent offering by IndiaMART Intermesh, raised a cumulative Rs 5,509 crore through IPOs. This is the lowest amount raised in the last four years, the last low being in 2015, when an equal number of companies had raised Rs 3,849 crore via the IPO route. On a corresponding period basis, as many as 18 companies had mobilised Rs 23,452 crore from the primarily market. READ MORE

Sensex gains over 100 pts


CreditAccess gains 8% on completion of direct assignment of Rs 139 crore

Shares of CreditAccess Grameen (CAGL) has surged 8 per cent to Rs 562 on the BSE on Thursday in early morning trade after the company completed a direct assignment of Rs 139 crore on June 26. However, on the National Stock Exchange (NSE), the stock rallied 15 per cent to Rs 599, also its all-time high, in early morning trade. READ MORE
Illustration by Ajay Mohanty

PSU Banks see sudden slide, index down 0.11%


NEWS ALERT | China's industrial profits rise 1.1% in May: Reuters

- Profits rose 1.1% in May YoY to $82.21 billion

- It registered a 3.7% fall in April

- The uptick in May was driven by quicker sales and slower increases in corporate costs

Nifty Realty index is the top performing index on Nifty during morning deals


Sugar stocks trading higher

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%) VALUE
(rs CR)
VOLUME
TRIVEN.ENGG.IND. 68.65 69.60 67.50 4.25 6.60 0.36 52385
BAJAJ HINDUSTHAN 7.75 7.81 7.70 0.30 4.03 0.04 50948
BALRAMPUR CHINI 140.05 140.40 136.45 5.65 4.20 0.48 34580
DWARIKESH SUGAR 26.50 26.85 26.45 0.75 2.91 0.07 25432
UGAR SUGAR WORKS 14.55 15.00 14.25 0.60 4.30 0.02 16350
DHAMPUR SUGAR 190.50 191.40 188.95 5.60 3.03 0.29 15459

Stock Alert | Cox & Kings down 75% this year

- Scrip trading 32% lower this week, and 56% lower this month

Nifty Pharma index slips in trade


Cox & King locked in 10% lower circuit, hits 52-week low


Bharti Infratel gains over 2%


CreditAccess Grameen hits 52-week high

- Company completed a direct assignment of Rs 138.89 crore on June 26, 2019

- Stock zooms nearly 15% intra-day



Sadhana Nitrochem zooms 5%

-  National Company Law Tribunal approved the scheme of merger by absorption of Strix Wireless Private Limited with Sadhana Nitro Chem Limited.


Bharat Petroleum rises over 1%


Metals under pressure, BSE Metal index down 0.22%


Broader markets outperforming benchmark indices


Coffee Day Enterprises rises over 4% after reports say Coca Cola is looking at stake pick


G20 Summit | High tariffs by India against the US unacceptable: Donald Trump

MARKETS ALERT | 0.1% equity exchanged on Motherson Sumi at Rs 119/sh


MARKETS ALERT | 0.3% equity exchanged on Shriram Transport at Rs 1100/sh


Mindtree slips over 1%


Cox & Kings continues down-slide, slips nearly 7%


Greaves Cotton rises 1.5%


Sunteck Realty trades 1.6% higher

- Co said it was gearing to create a portfolio of commercial and retail properties with an investment of Rs 5,000 crore over the next four years.


Sectoral trends on NSE


Top gainers and losers on S&P BSE Sensex


Market at open


Market at open


NEWS ALERT | Govt keen on reducing stake below 51% in PSBs

- Valuation, role of bank unions, change in Bank Nationalisation Act are hurdles in the process 

Top gainers and losers on S&P BSE Sensex during Pre-open trade


Market at pre-open


Rupee opening

Rupee opens lower at 69.26/$ vs Wednesday's close of 69.15 against US dollar

Market at pre-open


Stocks to watch: Coffee Day Enterprises, Cox & Kings, Mindtree, SBI

Here's a list of some of the companies whose shares are expected to trade actively in today's session -
 
Coffee Day Enterprises: Coca-Cola, has begun preliminary talks for a substantial stake buy in Cafe Coffee Day. The discussion with the Bengaluru-based company is being led by the Atlanta office of the beverage major, as per this Business Standard report.
 
Sunteck Realty: The Mumbai-based luxury real estate company said it was gearing to create a portfolio of commercial and retail properties with an investment of Rs 5,000 crore over the next four years. READ MORE

India adds 5 mn investors in 1 yr, internet helps small cities put in money

India added as many investors over the past year as nearly the entire population of Singapore. The data from the BSE, Asia’s oldest stock exchange, shows that 4.9 million investors were added over the past year. In 2018, Singapore’s population was 5.6 million. The total number of investors tracked by the exchange rose 13.71 per cent to 41.4 million. READ MORE

Nifty nears record highs, but just 15 stocks bringing in value: Expert

A comparison of the price-to-earnings (P/E) or price-to-book (P/B) multiples of all the Nifty stocks throws up the list of stocks that are being favoured and neglected. Stocks like Bajaj Finance, RIL and Titan are trading at a substantial premium to their average five-year P/E or P/B, while Sun Pharma, Zee Entertainment and Indiabulls Housing are quoting at a huge discount. “Investors are taking continued refuge in the quality and earnings predictability theme in an environment of economic slowdown; and there is a lack of pick-up in broader market’s earnings growth,” says the brokerage. READ MORE

NEWS ALERT | Centre to provide recapitalisation funds as per need and merit: CNBC TV18

NEWS ALERT | Bitcoin surges 16% overnight to $13000

- The cryptocurrency is at its highest level since January 2018
 
- Bitcoin is up 50% in June, record $33billion trading volume in past 24 hours across exchanges

NEWS ALERT | Govt considering creation of Financial Sector Exchange Traded Fund : CNBC TV18

Market outlook | Sahaj Agrawal, Head of Derivatives, Kotak Securities

Structural trend for the broader market remains extremely positive. For the near term sustain above 11,800 is expected to push the index towards 12,200.

We expect private banking to outperform. Strong bounce back is expected in Auto and Metal stocks.

American investments worth trillions waiting for India, says Pompeo

Addressing a gathering of diplomats and other eminent guests in the evening after his meetings with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar earlier in the day, Pompeo said, “one million Indian youth enter the job market, every month. There are trillions of dollars worth of American investments, sitting on the sidelines waiting to be put to work in the Indo-Pacific region.” Currently, the US is the 6th largest source of historical equity investments into India. READ MORE

Tipping point: Gold prices are on the rise; should you invest?

Gold crossed the psychologically crucial barrier of $1,400 per ounce mark in the international markets recently. One factor responsible for the upsurge in its price is the escalation in geopolitical tensions due to Iran shooting down an American drone. The other factor is trade tensions between the US and its trading partners, especially China, that shows no sign of getting amicably resolved. READ MORE

Derivatives Strategies: Nifty support range from 11,600-11,700

The market trended sideways in a week when global tension remained high. The India-US trade war might see some resolution if talks with US Secretary of State Mike Pompeo are fruitful. But US-China trade tension continue and so do US-Iran tension. Worries over Brexit continue to persist. READ MORE

Today's picks: From Britannia to Tata, hot stocks to watch on Thursday

Nifty 
 
Current: 11,847 (fut: 11,862),
 
Target: NA
 
Stop-long positions at 11,775. Stop-short positions at 11,935. Big moves could go till 12,000, 11,725. A long 11,800p (13), long 11,900c (17) has breakevens at 11,770, 11,930. READ MORE

Stock calls by Tradebulls Securities

COAL INDIA
Reco: BUY
CMP : 260.30
 
It is bouncing post 50 week EMA acting as support for 4 consecutive weeks. “Bullish Engulfing” followed by daily RSI surpassing its signal line suggests bullish momentum to kick in. On the hourly scale, the stock is consolidating in the range of Rs 253 - Rs 263 while underlying bullish strength building up for a larger move targeting its recent swing high of Rs 272 and Rs 276 gap resistance. READ MORE

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee check

The Indian rupee Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities. At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day. It finally settled at 69.15, up 21 paise against its previous close of 69.36.

Oil check

At 7:55 am, Brent Crude Futures were trading at $65.45 per barrel.

SGX Nifty

At 7:53 am, SGX Nifty was trading 5 points higher at 11,874 levels.

Asian Markets check


US Market check


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