After shutting above the 7900 mark in the previous trading session, the Indian equity market closed with a sharp cut on Friday. Disappointing macro economic data dampened the mood on street. IIP rose by just 0.1% in March, down from a 1.9% increase in February. While, retail inflation surged to 5.39% in April from 4.83% in March on account of rise in food inflation. Nifty closed with a loss of 86 points at 7,815 while Sensex ended with a loss of 301 points at 25,490.

Eicher Motors tumbled 3.8% to Rs.18,996 on BSE today. Around 11.4 lakh shares were traded in a multiple block on NSE. According to media reports, promoters sold 4.2% stake at Rs.2,100 crore for personal use. Around 1.15 million shares representing 4.25% of total equity of Eicher Motors changed hands, NSE data showed.

Manappuram Finance hit 20% upper circuit to Rs. 50.25.The company posted a net profit of Rs. 1307.000 million for the Quarter ended March 31, 2016 as compared to Rs. 700.370 mn for the Quarter ended March 31, 2015.

Federal Bank soared 2.3% at Rs.50 on BSE today. Around 11.4 lakh shares were traded in a multiple block at Rs.49.80 on the NSE.

Polaris Consulting & Services dropped 5.3% to Rs.187.20 after the company posted a net profit of Rs. 51.035 mn for the Quarter ended March 31, 2016 as compared to Rs. 370.851 mn for the Quarter ended March 31, 2015.

Nestle India jumped 7.4% to Rs. 6,128. The company reported standalone net profit of Rs.259 crore for the quarter ended March 31, 2014, registering decline of 19.13% yoy, but growth of 41.38%.

Aditya Birla Fashion and retail climbed 4.5% to Rs.158.60 after the company said in a notice to BSE that it signed deal to bring Simon Carter to India.

Monsanto India gained 1.3% Rs. 2536. According to media reports, German agro-chemicals company Bayer AG and Switzerland-based BASF is in talks to initiate a $40 billion takeover of the company.

Crompton Greaves Consumer Electrical, the de-merged entity of Crompton Greaves, today got listed at Rs. 126.20 on BSE. The stock has hit upper circuit 5% at Rs.132.50 on the BSE.

Shares of fertilizers companies rallied by up to 9% on the BSE. GNFC, National Fertilizers and Deepak Fertilisers & Petrochemicals Corporation and Aries Agro hit their respective 52-week highs in intra-day trade.

Havells India rallied 5.2% on BSE to Rs. 360 after the company was included in the MSCI India index today. The inclusion will be effective from June 1. Apart from Havells, Bajaj Finance closed marginally lower on BSE. The company has also been included in the list. Besides, Yes Bank and Titan Company Ltd are also the new entrants to the MSCI India index, but they failed to cheer the investors as they fell into red.

USDINR trade today trading down down 15 paise at 66.77 per US dollar.

Out of 1,309 stocks traded on the NSE, 824 declined and 995 advanced today.

Top 5 Nifty Gainers: Dr Reddys Lab (3.02%), Asian Paints (1.19%), Lupin Ltd (0.97%), Tata Motors (0.88%) and TCS (0.46%)

Top 5 Nifty Losers: SBI (-2.43%), Bharti Airtel (-2.28%), GAIL (-1.86%), ONGC (-1.27%) and Hind. Unilever (-1.22%),

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The Indian equity market ended with handsome gains amid a complete see-saw day of trades ahead of the CPI and IIP data which is scheduled to be released later today. Nifty closed with a a gain of 52 points at 7,900.40 while Sensex ended with a gain of 193 points at 25,790.

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.41%, while the Hang Seng led the Shanghai Composite lower. They fell 0.7% and 0.04% respectively. European markets are trading mixed today. The DAX is up 0.50%, while the CAC 40 has gained 0.41%. The FTSE 100 is off 0.1%.

Shares of IDFC finished the trading day in the green (up 0.6%) after it was reported that IDFC’s asset management arm, IDFC Alternatives has reportedly raised Rs 4.75 billion under its real estate focused ‘Score Fund’. The five-year fund will be investing in residential projects across top seven property markets, including Mumbai, Delhi-NCR, Bengaluru, Pune, Chennai, Hyderabad and Kolkata.

The fund is looking to invest only in projects that have secured approvals and are aiming for gross annualized returns of 20-21%.

Under its third fund, IDFC’s private equity arm is looking to raise Rs 7.5 billion and plans to deploy it through structured debt in mid-income housing projects with senior charge on cash flows.

Meanwhile, according to an article in The Economic Times, about 60 firms have reported a decline in debt levels in FY16. This is based on a sample of about 200 firms with turnover of over Rs 1 billion, which have announced their financial performance for FY16. Among the notable trend observed this year is that sectors such as cement, finance, packaging, transport (Airlines) and fertilizers appear to be repaying debt or are less dependent on debt.

Moving on to news from the energy sector. According to a leading financial daily, Cairn India’s overseas subsidiary – Cairn India Holdings (CIHL) has decided to extend maturity of the loan of US$1.25 billion to THL Zinc (TZL) for a further period of two years. The initial loan period was given for a term of two years in May 2014.

The extension is on arm’s length at a revised rate of interest of LIBOR + 450 bps (basis points) in the first year and at LIBOR + 475 bps in the second year (compared to the existing rate of LIBOR + 300 bps) and is on terms that are market standards including change of control provisions and will continue to be secured by a guarantee from Vedanta Resources Plc.

Reportedly, the return from the said loan will provide higher yield to CIHL compared to the return it is earning from its existing investments out of its cash and cash equivalents, which are in US dollars. TZL is the holding company of the Vedanta Group’s international Zinc business, with assets in South Africa and Namibia.

USDINR trade today trading down 3 paise at 66.59 per US dollar.

Out of 1,810 stocks traded on the NSE, 527 declined and 995 advanced today.

Top 5 Nifty Gainers: Adani Ports & Sez (1.31%), Tata Motors (1.03%), and Asian Paints (0.71%),

Top 5 Nifty Losers: Dr Reddys Lab (-2.01%), Bharti Airtel (-1.85%), ICICI Bank (-1.79%), Hind. Unilever (-1.78%) and Tata Steel (-1.60%),

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After enjoying two consecutive days of gains, the Indian equity market took a breather amid a volatile day of trades. Sentiment was hit after the government announced that it would tax capital gains on foreign investments from Mauritius made from April 2017 at 50% of the domestic rate for two years, and at the full rate thereafter. Nifty closed with a a loss of 39 points at 7,848 while Sensex ended with a loss of 176 points at 25,597.

In the global markets, most of the Asian indices closed the day on a positive note. The Hong Kong’s Hang Seng ended higher by 0.43%, while Japan’s Nikkei 225 ended higher by 2.15%. The European indices also witnessed buying interest. The FTSE 100 was up 0.77%, France’s CAC 40 was up 1.09% and Germany’s DAX was up 1.13%. The rupee was trading at Rs 66.61 to the dollar at the time of writing.

Stocks in the steel sector ended the day on a mixed note with Adhunik Metaliks and Bhushan Steel leading the gains. As per a leading financial daily, Tata Steel has received seven expressions of interest (EoI) to acquire the firm’s loss-making UK business. According to the company, all of these seven EoI have been immediately taken forward to the next stage of the sales process, which involves inputs from the UK government.

Tata Steel UK’s assets include Port Talbot plant in south Wales, UK’s largest with around 4,000 workers, as well as sites at Newport, and Rotherham.

Shares of Yes Bank finished the trading day on an optimistic note (up 0.7%) after the bank announced its plan to raise around Rs 165 billion through issue of debt securities as well as equity capital. The bank is seeking shareholders’ approval for this fund raising, which will be completed in one or more tranches. The bank has scheduled a shareholders’ meeting on June 7, 2016, where it will ask shareholders to approve raising Rs 100 billion of debt by issuing securities to eligible investors on private placement basis. The proposed fund would be raised in one or more tranches in domestic and or overseas markets, as per the structure and within the limits permitted by the RBI and other regulatory authorities.

Furthermore, the bank has also proposed to raise additional capital aggregating up to US$ 1 billion (about Rs 65 billion) by way of placement of shares through Qualified Institutional Placement (QIP) and/or private placement in international markets through ADRs/ GDRs.

In another development,The Economic Times reported that the government will allocate fresh capital only to those PSU banks that have performed better than average and have improved their bad loan recovery effort. Finance ministry officials have begun one-to-one interactions with MDs and CFOs of government owned banks to understand their capital requirement for the full year 2016-17. Banks need to maintain a minimum capital to absorb losses on their loans. During the meeting, finance ministry officials have conveyed to the banks that they would receive the bare minimum capital that’s needed to meet the regulatory requirements and to stay afloat. From FY17, banks will have to maintain minimum capital adequacy ratio of 10.25%.

PSU banks languished in red today with PNB and Indian Bank bearing majority of the brunt.

Barring Escorts Ltd, majority of the stocks in the automobile space finished in red.Tata Motors DVR and Tata Motors lead the losses.

According to a leading financial daily, Maruti Suzuki India will be increasing the production capacity at its plants to meet the growing demand of the Vitara Brezza and the Baleno so as the reduce the waiting period for both the cars. Maruti has decided to increase the production of the Vitara Brezza from 80,000 units to over 120,000 units per annum. Production of the Baleno hatchback is being increased to about 165,000 units this year. With the new plant in Gujarat on its way, Maruti Suzuki is hoping that it will help the company to reduce the waiting period for both these cars.

Maruti reported a 13.3% rise in total sales in April at 126,569 units as against 111,748 units last year. The company’s domestic sales increased by 16.2% during the month to 117,045 units as against 100,709 units in April 2015. Maruti Suzuki finished the day up by 1.3% on the BSE.

USDINR trade today trading up 4 paise at 66.62 per US dollar.

Out of 1,811 stocks traded on the NSE, 896 declined and 631 advanced today.

Top 5 Nifty Gainers: ICICI Bank (2.74%), Asian Paints (1.82%), Adani Ports & Sez (1.66%), TCS (1.56%), and GAIL (1.40%).

Top 5 Nifty Losers: Hind. Unilever (-0.63%), Tata Steel (-0.03%).

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.