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Sensex, Nifty end flat ahead of RBI meet

Sensex, market cap , nifty
Mumbai: A highly choppy session ended almost unchanged on Monday even as the Nifty saw a sudden sharp fall during the last hour of trade. Indices were stuck in a narrow trading band and were unable to carry the momentum in either of the directions. The banking stocks, which seemed to have gained momentum during the session also failed to sustain as market participants preferred to trim their positions ahead of the RBI policy meet. However, broader indices were in action as both the mid-cap and the small-cap indices outperformed the benchmarks.

Amar Ambani, Head of Research, IIFL, said, "All focus would shift to the RBI policy meet. After a hefty 50 basis points cut during September, markets do not expect much to happen on the rate front during the December RBI monetary policy review. The central bank has undertaken four cuts this calendar year, with interest rates softening by cumulative 125 basis points. It is likely that the central bank will pause to gauge the recent spike in food prices and assess whether lower inflationary levels are sustainable.  Among the other important macro-economic data is Nikkei PMI manufacturing data. Market on Tuesday will also react to Q2 GDP numbers. However, much will depend on the progress of gross value added (GVA) during the quarter."

The IT, consumer durables, realty, power and select banking stocks were among the major gainers. On the other hand, telecom, FMCG, energy and healthcare stocks were under pressure.

Power Grid, Infosys, Tata Power, Tata Motors, IndusInd Bank, Bajaj-Auto, ICICI Bank and M&M were among the gainers on NSE, whereas Asian Paints, Bharti Airtel, Vedanta, Idea Cellular, GAIL, Cairn India and Ambuja Cement were among the losers today.

Focus was on the MSCI India index rejigs, which happened today. MSCI had announced the changes as part of its semi-annual index review early in November 2015.

Ashok Leyland, Cadila Healthcare, Maruti Suzuki and Tata Motors were added to the MSCI India index while Oil India and DLF were excluded. The additions in the small cap indexes included Dishman Pharma, Escorts, IPCA Lab and Sun TV, while Aban Offshore, Amtek Auto were removed from the same.

The BSE Sensex opened at 26,143, touched an intra-day high of 26,231 and low of 26,089. It finally ended with a gain of 17 points at 26,145.

The NSE Nifty opened at 7,936 hitting a high of 7,966 and low of 7,923, before ending with a mere loss of 7 points at 7,935.

The India VIX (Volatility) index was down 1.7% to 16.43.

On the global front, China's Shanghai Composite index closed flat and Hang Seng closed down 0.5%.

In Europe, the FTSE 100 down 0.4%. On the other hand, DAX and the CAC 40 were marginally down 0.2% each.

Out of 1,754 stocks traded on the NSE, 614 declined and 908 advanced today.

Amtek Auto ended 4% lower at Rs. 40. The company has posted net loss of Rs. 987.1 crore for the year ended September 30, 2015 as compared to net profit of Rs. 848.2 crore for the year ended September 30, 2014.

Nestle India ended 1% lower at Rs. 5900. The company announced that it has resumed manufacturing of MAGGI Noodles at its Tahliwal (Himachal Pradesh) Factory. With this, the Company has resumed manufacture of MAGGI Noodles at all five Noodle manufacturing facilities.

SpiceJet ended 3% higher to Rs. 67. A report its Chairman Ajay Singh stated that Gulf airlines have shown interest in buying a stake in budget airline. SpiceJet was planning to finalise an order for 150 single-aisle jets from either Boeing or Airbus Group during 2015-16.

Rajesh Exports closed 4% higher to Rs. 706. The company has bagged an export order worth Rs. 1,122 crore from UAE.

IVRCL ended 20% upper limit to Rs. 10.78. The company is likely to hold a bankers’ meeting in Mumbai next week to discuss a possible demerger of EPC business and property development business, joint Managing Director R. Balarami Reddy said.

Shares of Welspun Corp Ltd ended higher by 8% at Rs. 116. Report says that Welspun Group has put renewable energy business on the block and has appointed British bank Barclays to look for a buyer.

BF Utilities stock ended higher by 5% at Rs. 602. The company posted a net profit of Rs. 614.655 million for the year ended September 30, 2015 as compared to net loss of Rs. 520.690 million for the year ended September 30, 2014. Total Income has increased from Rs. 2467.208 million for the year ended September 30, 2014 to Rs. 5221.227 million for the year ended September 30, 2015.

Tribhovandas Bhimji Zaveri advanced 1% to Rs.105.10 on BSE. The company has sign of its third franchise agreement for its upcoming store in Ranchi. The company will be adopting a mix company owned store and franchise stores to expand its domestic operations.

Kwality Ltd jumped 2.9% to Rs. 122.50 on BSE. The company would start distribution of their products i.e. Milk, Curd and Chaach under the brand "Kwality". The three categories of Milk i.e. Full Cream, Toned and Double Toned; would be available in pouches in Delhi NCR from November 30, 2015.

A total of 63 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.

Allied Digital Services Limited, Agarwal Industrial Corporation Limited, AI Champdany Industries Limited, Alpa Laboratories Limited, Alphageo (India) Limited, APL Apollo Tubes Limited, Arvind Infrastructure Limited, Ashok Leyland Limited, Banaras Beads Limited, Bang Overseas Limited, Banswara Syntex Limited, Beardsell Limited, Country Condo's Limited, DCW Limited, Deccan Cements Limited, Emmbi Industries Limited, Ester Industries Limited, Future Market Networks Limited, Future Retail Limited, Future Retail Limited, Firstsource Solutions Limited, Garware Wall Ropes Limited, Gayatri Projects Limited, Genus Power Infrastructures Limited, GSS Infotech Limited, Gufic Biosciences Limited, Heritage Foods Limited, Hindustan Media Ventures Limited, IDBI Bank Limited, IZMO Limited,kwality limited, Lloyd Electric & Engineering Limited, Majesco Limited, Mangalam Drugs And Organics Limited, Manugraph India Limited, Mahindra Holidays & Resorts India Limited, Mirza International Limited, Navkar Corporation Limited, NCL Industries Limited, NELCO Limited, Onward Technologies Limited, Orient Abrasives Limited, Ortin Laboratories Limited, Pioneer Embroideries Limited, PPAP Automotive Limited, PTL Enterprises Limited, RPG Life Sciences Limited, Sambhaav Media Limited, The Sandesh Limited, Signet Industries Limited, Sphere Global Services Limited, SQS India BFSI Limited, Stel Holdings Limited, Tanla Solutions Limited, Themis Medicare Limited, Tokyo Plast International Limited, Trent Limited, Trident Limited, UFLEX Limited, Vascon Engineers Limited, Vimta Labs Limited, Vivimed Labs were some of the prominent stocks to log a fresh 52-week high.

Aftek Limited, AIA Engineering Limited, Birla Cotsyn (India) Limited, Global Offshore Services Limited, IDFC Bank Limited, Jai Balaji Industries, Keynote Corporate Services Limited, Nakoda Limited, Navneet Education, SRG Infotec (India) Limited, Sudar Industries Limited, Tree House Education & Accessories Limited, Usha Martin Limited, Visesh Infotecnics were some of the notable stocks to record new 52-week low.


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