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Nifty Ends Shy Of 9,350 On Options Expiry; Axis Bank Drops

Nifty Ends Shy Of 9,350 On Options Expiry; Axis Bank Drops
A broker watches the ticker tape in the fully automated Tel Aviv Stock Exchange in downtown Tel Aviv. (Photographer:Charles Pertwee/Bloomberg News)
9 years ago
Markets snap three-day winning streak; Miners fall.

  • ITC Ltd. has 19.8 lakh shares change hands in a single block
  • Oberoi Realty has 23 lakh shares change hands in two block deals
  • *Buyers and sellers were not immediately known

  • Q4 net income Rs 127 crore vs estimate Rs 109 crore
  • Q4 revenue Rs 3,140 crore vs estimate Rs 2,930 crore
  • Shares down 2% to Rs 491

  • Sasken Technologies rose as much as 17.7% to the highest level since July 2007
  • Trading volumes stood at 41 times its 20-day average
  • The application software maker has a market cap of just under Rs 800 crore

  • Nifty -0.02% at 9,350; Sensex -0.1% at 30,105
  • Axis Bank -2.1%; Tata Motors +2%
  • S&P BSE Auto index +0.54%, S&P BSE Consumer Durables +0.68%

Shares of the state-owned construction company jumped as much as 3.8 percent to a record high of Rs 201.

NBCC has initiated the process to dispose off the land and other immovable assets of sick central public sector enterprises, it said in a regulatory filing.

Relative strength index at 75, indicating that the stock may be overbought.

  • IPO fully subscribed on day 2
  • IPO gets 114% demand for shares offered at 11:30am

  • Nifty -0.03% at 9,349; Sensex -0.11% at 30,100
  • Lupin -1.6%; Yes Bank +2.2%
  • S&P BSE Information Technology index +0.6%, recovering from a 1% fall in the previous session

Nifty rollover stood at 50.1 percent on Wednesday, lower than the three-month average of 55.6 percent, according to the NSE data.

Market wide rollover of 57.1 percent was lower than the three-month average of 60.3 percent.

April futures and options series will expire later today.

Asian stocks were mostly lower after a five-day rally as the Bank of Japan cut its inflation forecast while keeping stimulus unchanged.

The BOJ kept its policy settings unchanged, while lowering its inflation forecast, underscoring that any exit from its unprecedented monetary easing remains far away. Governor Haruhiko Kuroda said last week that the accommodative policy and asset purchases will continue for some time because inflation is "quite sluggish."

To read more on BOJ’s policy, click right HERE

  • Nifty -0.16% at 9,337; Sensex -0.21% at 30,071
  • Hindalco Industries -1.5%; Axis Bank -1.4%
  • S&P BSE Metal index 0.5%, S&P BSE Realty index -0.45%

  • IDFC Bank has 30 lakh shares change hands in single block
  • Stock up 0.4%
  • *Buyers and sellers were not immediately known

  • Adani Enterprises (+5.7%)
  • Adani Transmissions (+1.5%)
  • Adani Ports & SEZ (+1.3%)
  • Adani Power (+2.9%)

Shares of drugmaker rose as much as 1.8 percent to Rs 463, most since March 23.

Zydus gets final approval from the U.S. Food & Drug Administration to market cholestyramine, used to lower cholesterol levels in the blood, for oral suspension.

Volume at 1.7 times its 30-day average.

  • Foseco India: (-3.8%): Q1 net income Rs 7.2 crore vs Rs 8.4 crore last year
  • GIC Housing (+2%): Q4 net income up 30% to Rs 46.6 crore
  • Lakshmi Vilas Bank (-3.3%): Q4 net income Rs 52.6 crore vs estimate Rs 65.8 crore
  • Tata Sponge (+2.3%): Q4 net income Rs 21.2 crore vs estimate Rs 13.1 crore

Indian shares swung between gains and losses on Thursday after hitting record highs in the previous session, as investors rolled over their position on the final day of the April futures and options expiry.

The S&P BSE Sensex fell 0.09 percent to 30,109, while the NSE Nifty edged down 0.16 percent at 9,336. The rupee opened firm at 64.05 per U.S. dollar compared with its close at 64.11 on Wednesday.

Among the sectoral indices, S&P BSE Metal and S&P BSE Bankex fell 0.13 percent and 0.19 percent, respectively. S&P BSE Realty index gained 0.9 percent.

The market breadth was skewed in the favour of gainers, with about 6 stocks advancing to every 2 stocks that declined.

  • Reliance Industries: Partners with Resysta International for wood alternative product in India.
  • Videocon Industries: Denies that it is looking to exit the general insurance joint venture with Liberty Mutual.
  • Future Enterprises: Allots non-convertible debentures worth Rs 45 crore.
  • Precision Camshafts: To invest about Rs 14 crore in unit PCL (International) Holding B.V.
  • Delta Corp: Swiss Finance Corp. buys 18.49 lakh shares at Rs 172.16 per share.
  • Tube Investments: Completes redemption of 9.99 percent debentures.
  • Cadilla Healthcare: Receives U.S. FDA approval to market Cholestyramine.
  • For a complete list of stocks, click HERE

  • LIC Housing Finance: Cut to neutral from outperform at Macquarie; target price Rs 685
  • Persistent Systems: Raised to buy from hold at SBI Capital; target price Rs 685
  • Hindustan Unilever: Raised to buy from hold at Axis Capital; target price Rs 1,010
  • SRF Ltd: Citi initiates coverage with a buy, price target Rs 2,130

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