Monday, March 30, 2015

NIFTY INTRADAY VIEW ( 31 / 03 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48667BULL86628212
R38592UP BREAKOUT85728302
R28564UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18546SELL84728325
PIVOT8446 LAST DAYSTRONG BULL LOW VOLATALITY
S18438BUYOPEN8391
S28420DOWN CAUTIONHIGH8505.0
S38393DOWN BREAK OUTLOW8381.0
S48318BEARCLOSE8492.3
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.48%
R26082LONGNIFTY WEEKLY VOLATALITY4.34%
R15976SHORT EXITNIFTY WEEKLY HIGH8628.0
S15765LONG EXITNIFTY WEEKLY LOW8269.0
S25659SHORTNIFTY DAY MEAN8448.5

END SESSION ( 30 / 03 )

Key indices rally as global crude oil prices drop
Capital goods, telecom, banking, cement stocks and PSU OMCs led gains as key benchmark indices surged on the first trading session of the week. The barometer index, the S&P BSE Sensex, settled a tad below the psychological 28,000 level after breaching that level in late trade. Positive cues from global markets and slide in global crude oil prices underpinned sentiment on the domestic bourses. Fall in crude oil prices augur well for India as the country imports 80% of its crude oil requirements. World stocks rose on hints of more monetary easing from China and comments by Federal Reserve Chairwoman Janet Yellen on Friday, 27 March 2015, raised the possibility that the US central bank may not increase interest rates by midyear as previously expected.
Today's gains on the domestic bourses were broad based, with more than two gainers for every loser on BSE. The Sensex jumped 517.22 points or 1.88% to settle at 27,975.86. The BSE Mid-Cap index rose 1.93%. The BSE Small-Cap index gained 3.4%. Both these indices outperformed the Sensex. Among the gainers from the constituents of the BSE Small-Cap index, gains ranged from 4% to 20% for quite a few stocks. Among the gainers from the constituents of the BSE Mid-Cap index, gains ranged from about 3% to about 14% for quite a few stocks. All the 12 sectoral indices on BSE edged higher today, 30 March 2015.
PSU OMCs advanced after a steep slide in crude oil prices. Power equipment major Bharat Heavy Electricals (Bhel) rose after the company bagged large EPC (Engineering, Procurement & Construction) contract worth more than Rs 5000 crore for setting up a thermal power plant in Telangana. Index heavyweights HDFC, ITC, Infosys, HDFC Bank and L&T edged higher.
Pharma stocks edged higher. Telecom stocks edged higher on reports that telecom companies may raise call rates to foot the bill for spectrum bought during a 19-day auction that concluded last week. Auto stocks edged higher. Cement stocks also edged higher.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 264.05 crore into the secondary equity markets during the previous trading session on Friday, 27 March 2015, as per data from Central Depository Services (India). Domestic institutional investors (DIIs) bought shares worth a net Rs 674.76 crore on Friday, 27 March 2015, as per provisional data released by the stock exchanges.
In the foreign exchange market, the rupee edged lower against the dollar.
Brent crude oil futures edged lower, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could result in oil supply glut if sanctions against Tehran are lifted. For India, the decline in global crude oil prices along with deregulation of diesel price announced by the Indian government in October 2014 will help reduce the government's fuel subsidy burden and help contain its fiscal deficit. The steep slide in global crude oil prices will also help India in containing its current account deficit and fuel price inflation. However, a weakness in rupee against the dollar will restrict the benefit of falling global crude oil prices to that extent. A weak rupee raises the cost of imports. India imports 80% of its crude oil requirement.
In overseas markets, European stocks edged higher on hints of more monetary easing from China, the world's second biggest economy after the United States. Chinese stocks led gains in Asian stocks after China's policy makers signaled over the weekend that the country has room to ease monetary policy to boost sluggish growth. US stocks edged higher during the previous trading session on Friday, 27 March 2015, as comments by Federal Reserve Chairwoman Janet Yellen raised the possibility that the US central bank may not increase interest rates by midyear as previously expected.
The S&P BSE Sensex gained 517.22 points or 1.88% to settle at 27,975.86, its highest closing level since 25 March 2015. The index jumped 559.33 points at the day's high of 28,017.97 in late trade. The index rose 166.12 points at the day's low of 27,624.765 in morning trade.
The 50-unit CNX Nifty gained 150.90 points or 1.81% to settle at 8,492.30. The index hit a high of 8,504.55 in intraday trade. The index hit a low of 8,380.75 in intraday trade.
The BSE Mid-Cap index rose 199.59 points or 1.93% to settle at 10,559.52. The BSE Small-Cap index rose 354.71 points or 3.4% at 10,795.40. Both these indices outperformed the Sensex.
The market breadth indicating the overall health of the market was quite strong, with more than two gainers for every loser on BSE. 2042 shares gained and 753 shares fell. A total of 88 shares were unchanged.
The total turnover on BSE amounted to Rs 2460 crore, lower than turnover of Rs 3467.44 crore registered during previous trading session on Friday, 27 March 2015.
All the 12 sectoral indices on BSE edged higher today, 30 March 2015. The S&P BSE Capital Goods index (up 2.82%), the S&P BSE Realty index (up 2.19%), the S&P BSE FMCG index (up 2.11%) outperformed the Sensex. The S&P BSE Consumer Durables index (up 0.47%), the S&P BSE Oil & Gas index (up 0.88%), the S&P BSE Healthcare index (up 0.92%), the S&P BSE IT index (up 1%), the S&P BSE Teck index (up 1.5%), the S&P BSE Power index (up 1.51%), the S&P BSE Metal index (up 1.55%), the S&P BSE Auto index (up 1.55%) and the S&P BSE Bankex (up 1.8%) underperformed the Sensex
Index heavyweight and housing finance major HDFC rose 3.47% at Rs 1,305.55.
Another index heavyweight and cigarette maker ITC rose 3.01% at Rs 326.65.
Index heavyweight Reliance Industries (RIL) rose 0.13% to Rs 812.80. The stock was volatile. The stock hit a 52-week low of Rs 796.75 in intraday trade. The stock hit a high of Rs 818.
Capital goods stocks gained on renewed buying. ABB India (up 1.18%), BEML (up 5.95%), Bharat Electronics (up 4.95%), Punj Lloyd (up 4.42%), Crompton Greaves (up 3.02%), Siemens (up 2.47%) and Thermax (up 1.43%) edged higher.
Shares of index heavyweight and engineering & construction major L&T rose 3.05% at Rs 1,728
Power equipment major Bharat Heavy Electricals (Bhel) rose after the company bagged large EPC (Engineering, Procurement & Construction) contract worth more than Rs 5000 crore for setting up a thermal power plant in Telangana. The stock was up 2.88% at Rs 239.25. Bhel during market hours today, 30 March 2015, said that the company has bagged an EPC order for setting up a thermal power plant from Telangana state utility viz. Telangana State Power Generation Corporation (TSGENCO). Significantly, the project is targeted to be commissioned in 24 months on fast track basis with both TSGENCO and Bhel setting up teams to expedite clearances and execution of the project.
TSGENCO has also entered into an memorandum of understanding (MoU) with Bhel for construction of new thermal power plants totaling 6,000 megawatts (MW) in Telangana. All these power plants are expected to commence generation within the next three years to meet the state's increasing demand for power. With the latest order for Manuguru project, 1,880 MW has already been awarded to Bhel.
Meanwhile, Bhel during market hours today, 30 March 2015, also said that the meeting to declare the flash results of the company for the year ending 31 March 2015 will now be held on 6 April 2015 instead of on 8 April 2015 announced earlier.
Bank stocks edged higher. Among public sector banks, IDBI Bank (up 1.93%), Indian Overseas Bank (up 2.64%), Andhra Bank (up 2.41%), State Bank of India (up 2.07%), Bank of Baroda (up 1.83%), Bank of India (up 0.35%) and Punjab National Bank (up 1.5%) gained. Union Bank of India shed 0.44%.
UCO Bank rose 1.34% at Rs 64.45. UCO Bank before market hours today, 30 March 2015, said it has allotted 6.08 crore equity shares of Rs 10 each on Friday, 27 March 2015, to Life Insurance Corporation of India (LIC) on preferential basis at an issue price of Rs 70.21 per equity share.
Among private sector banks, Axis Bank (up 3.47%), Yes Bank (up 1.01%), ING Vysya Bank (up 1.07%), Kotak Mahindra Bank (up 1.2%) and Federal Bank (up 1.37%) edged higher.
Shares of index heavyweight HDFC Bank rose 2.32% at Rs 1,036.90.
ICICI Bank edged higher after the private sector bank during market hours today, 30 March 2015, announced that it has received further equity capital repatriation of CAD 80 million from ICICI Bank Canada and $75 million from ICICI Bank UK in this month. The stock rose 1.13%. ICICI Bank said it has a strong capital adequacy ratio and the return of capital from ICICI Bank Canada and ICICI Bank UK will further enhance ICICI Bank's ability to optimize capital deployment and return on equity.
Post the repatriation, the capital adequacy ratios of both ICICI Bank Canada and ICICI Bank UK continue to remain strong, ICICI Bank said in a statement. ICICI Bank Canada and ICICI Bank UK are overseas banking subsidiaries of ICICI Bank.
Meanwhile, the Reserve Bank of India (RBI) on Friday, 27 March 2015, said in a discussion paper that a bank's Large Exposure (LE) limit in respect of each counterparty, which includes a group of connected counterparties, will be capped at 25% of the bank's eligible capital base. For this purpose, the eligible capital base will be defined as the Tier 1 capital of the bank as against 'Capital Funds' at present. A group of connected counterparties will be identified on the basis of 'control' as well as 'economic interdependence' criteria as against only 'control' criteria under extant RBI exposure norms, according to the discussion paper. The proposed LE framework will be fully applicable from 1 January 2019. The RBI has placed the discussion paper on the proposed LE framework on its website and has sought comments on it by 30 April 2015. The discussion paper also invites comments on a proposal to make large corporates, enjoying working capital and term loan limits above a certain threshold, to meet a portion of both their short term and long term funding needs through the market mechanism such as Commercial Papers (CPs) and Corporate Bonds.
Auto stocks edged higher. Eicher Motors (up 3.48%), Hero MotoCorp (up 2.07%), Bajaj Auto (up 0.72%) edged higher.
Ashok Leyland jumped 6.68%. Ashok Leyland after market hours today, 30 March 2015, said that the company has divested its entire stake of 100% ownership interest held in Avia Ashok Leyland Motors s.r.o. to a strategic investor as part of restructuring of investment in subsidiaries. The transaction has resulted in the cash realization of $10.96 million to the company, Ashok Leyland said. The relevant agreements to this effect have been signed and closing of the deal has been completed. Consequent to the above, Avia Ashok Leyland Motors s.r.o. has ceased to be a wholly-owned subsidiary of the company with immediate effect.
TVS Motor Company fell 1.31% after a foreign brokerage reportedly initiated coverage on the stock with a 'sell' rating. The brokerage said that TVS Motor Company's earnings will rise but miss consensus estimates sharply. After a strong growth in the year ending March 2015 (FY 2015), the company's annual growth in volume may taper over FY 2015 to FY 2018, the brokerage reportedly said.
Shares of Passenger car makers edged higher. Tata Motors (up 1.35%), Maruti Suzuki India (up 1.38%) and Mahindra & Mahindra (up 0.91%) edged higher. According to reports, dwindling demand is taking a toll on the Indian passenger car market as only six of the 150 different models currently on offer are selling at their full ex-showroom price. Car companies are offering discounts, which have peaked in this month, to boost sales in the fiscal end to show better numbers and improve their annual performance, reports suggested.
Sesa Sterlite rose 0.53%. Sesa Sterlite announced after market hours today, 30 March 2015, that the shareholders of the company, inter-alia have approved by requisite majority, the name change of the company from its present name – Sesa Sterlite to Vedanta Limited, through Postal Ballot Results announced today, 30 March 2015. Sesa Sterlite is the Indian subsidiary of London listed Vedanta Resources Plc which is a globally diversified natural resources company.
The name change will enable the company to position itself strategically, create much greater value and align our businesses to a unified messaging, Sesa Sterlite said. Tom Albanese, Group CEO, Vedanta, said that the company wants to strengthen the linkage between the global business and global stakeholders, which reflects the company's commitment to creating value through a growing portfolio of global operations. The planned change in name of the company will have no impact on the operations of subsidiary companies Cairn India, Hindustan Zinc (HZL) and Bharat Aluminium Co. (BALCO) and the divisions of Sesa Sterlite, it added.
Cement stocks advanced. UltraTech Cement (up 5.12%), Ambuja Cements (up 2.4%) and ACC (up 2.59%) edged higher. Shree Cement (down 0.98%) edged lower.
Grasim Industries rose 2.13% at Rs 3,630. Grasim Industries has exposure to cement sector through its subsidiary UltraTech Cement.
IT major and index heavyweight Infosys rose 1.45% at Rs 2,233.90.
Telecom stocks edged higher on reports that telecom companies may raise call rates to foot the bill for spectrum bought during a 19-day auction that concluded last week. Bharti Airtel (up 3.4%), Idea Cellular (up 8.02%) and Reliance Communications (up 3.35%) edged higher.
Tata Teleservices (Maharashtra) (TTML) edged higher after the company after trading hours on Friday, 27 March 2015 said it won telecom spectrum in 800 megahertz band in Mumbai and Maharashtra. The stock advanced 2.99%. TTML said it has succeeded in winning additional spectrum of 2.5 megahertz (MHz) each in 800 MHz band in Mumbai and Maharashtra circles with bid values of Rs 1819 crore and Rs 1999 crore, respectively. The spectrum validity is for 20 years and the company has option of deploying technology of its choice in this spectrum. The total upfront payment to be made by TTML is at Rs 955 crore. This investment reaffirms the commitment to provide world class services to the customers.
The win in Mumbai and Maharashtra gives TTML the ability to offer premium 3G/4G services in the superior 800 MHz spectrum band post liberalization of the existing spectrum holdings in this band.
Pharma stocks advanced. Lupin (up 2.52%), Glenmark Pharmaceuticals (up 1.64%), Aurobindo Pharma (up 1.32%), Wockhardt (up 1.7%), Cipla (up 1.03%), GlaxoSmithkline Pharmaceuticals (up 0.35%), Dr Reddy's Laboratories (up 0.57%), and Cadila Healthcare (up 3.54%) edged higher. Ranbaxy Laboratories (down 0.12%) and Sun Pharmaceutical Industries (down 0.06%) edged lower.
NMDC advanced after the company said that it has commissioned its new project Bailadila Iron ore deposit 11B located in Bailadila region of Dakshin Baster district in Chhattisgarh. The stock rose 3.75%. The announcement was made during market hours today, 30 March 2015. The Bailadila project has an iron ore production capacity of 7 million tonnes per annum (MTPA) with an investment of more than Rs 600 crore. With the commissioning of 11B project mine, NMDC has ramped up production capacity from present level of 25 MTPA to 32 MTPA from the Bailadila sector, the company said in a statement.
Shares of public sector oil marketing companies (PSU OMCs) advanced on steep slide in global crude oil prices. BPCL (up 2.85%), HPCL (up 1.41%), Indian Oil Corporation (up 2.93%) edged higher. A decline in crude oil prices will reduce under-recoveries of PSU OMCs on domestic sale of LPG and kerosene at government controlled prices. However, a weakness in rupee against the dollar will restrict the benefit of falling global crude oil prices to that extent. A weak rupee raises the cost of imports. The government has already decontrolled pricing of petrol and diesel.
Colgate Palmolive (India) rose 1.41%. Colgate Palmolive (India) during trading hours today, 30 March 2015 said the commercial production of toothbrush at the company's new manufacturing facility at Sricity, in Chittor District, State of Andhra Pradesh will commence on 1 April 2015. Further, the company said in the month of March 2015, the said new facility was commissioned and fully tested. The state of the art manufacturing facility will have an installed capacity to produce 220 million pieces of toothbrushes by the end of the year.
Separately, Colgate Palmolive (India) said during market hours that the excise benefits to a facility at Baddi, Himachal Pradesh will expire on 21 April 2015 and accordingly the company will pay all applicable excise duties on the product manufactured from the Baddi facility. The income tax benefits to the facility will expire on 31 March 2015 and from financial year starting 2015-16 onwards, the company will pay applicable income tax on the profits generated from the said facility. The said facility was entitled for certain fiscal benefits (excise and income Tax) for a period of 10 years pursuant to then Industrial Policy of the Government of Himachal Pradesh. In the month of April 2005, the company had set up a facility at Baddi, Himachal Pradesh for the manufacture of oral care products. The company continues to manufacture its oral care products from the Baddi facility, the company added.
Westlife Development (up 14.05%), Sharda Cropchem (up 13.63%), PTC India Financial Services (up 9.99%), NCC (up 9.59%), Sterlite Technologies (up 9.02%), Mahindra CIE Automotive (up 8.77%), Schneider Electric Infrastructure (up 8.67%), KRBL (up 8.57%), Aarti Industries (up 7.79%) and Kalpataru Power Transmission (up 7.48%) were the top gainers from the BSE Mid-Cap index.
Panacea Biotec (up 19.94%), Gravita India (up 19.9%), Zodiac Clothing Company (up 17.03%), 8K Miles Software Services (up 17%), Liberty Shoes (up 16.69%), Asian Star Company (up 14.22%), Skipper (up 14.54%), Phillips Carbon Black (up 14.7%), Magma Fincorp (up 11.85%) and Ojas Asset Reconstruction Company (up 12.97%) were the top gainers from the BSE Small-Cap index.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 62.6475, compared with its close of 62.425 during the previous trading session on Friday, 27 March 2015.
Brent crude oil futures edged lower, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could result in oil supply glut if sanctions against Tehran are lifted. Brent for May settlement was off 97 cents at $55.44 a barrel. The contract had declined $2.78 a barrel or 4.69% to settle at $56.41 a barrel during the previous trading session on Friday, 27 March 2015. The western nations have reportedly intensified talks with Iran to reach an agreement on its nuclear programme, ahead of a March 31 deadline. The US secretary of state and German and French foreign ministers have all cancelled their travel plans in a bid to push for a deal, according to reports. The meeting, which is taking place in the Swiss city of Lausanne, is also being attended by representatives from China, Russia and the UK.
The Sensex edged higher for the second trading session in a row today, 30 March 2015. The barometer index has risen 518.28 points or 1.88% in the past two trading session from a recent low of 27,457.58 on 26 March 2015. The Sensex has declined 1,385.64 points or 4.71% in this month so far (till 30 March 2015). The Sensex has gained 476.44 points or 1.73% in this calendar year so far (till 30 March 2015). From a 52-week low of 22,094.29 on 27 March 2014, the Sensex has risen 5,881.57 points or 26.62%. The Sensex is off 2,048.88 points or 6.82% from a record high of 30,024.74 hit on 4 March 2015.
In overseas markets, European stocks edged higher today, 30 March 2015, on hints of more monetary easing from China, the world's second biggest economy after the United States. Key benchmark indices in UK, France and Germany were up 0.36% to 1.49%.
In Greece, the government is scrambling to reach a reform agreement with international lenders before it runs out of money. Greece's Syriza-led government on Friday, 27 March 2015, submitted a list of fresh proposals for economic overhauls. In February, Athens and the Eurogroup of finance ministers agreed to a four-month extension to Greece's bailout program, but the country doesn't actually get the financial aid until the two sides agree on a range of reforms. Global credit rating agency Fitch Ratings on Friday, 27 March 2015, downgraded Greece's sovereign-debt rating to "CCC" from "B", citing "uncertain prospects of timely disbursement from official institutions".
Chinese stocks led gains in Asian stocks today, 30 March 2015, after China's policy makers signaled over the weekend that the country has room to ease monetary policy to boost sluggish growth. Key indices in Japan, South Korea, Taiwan, Singapore, and Indonesia were up 0.12% to 0.77%.
In mainland China, the Shanghai Composite index was up 2.59%. In Hong Kong, the Hang Seng was up 1.51%. China's central bank governor Zhou Xiaochuan said over the weekend that the authorities need to be vigilant for deflationary risks in the economy and have injected liquidity into the financial system. At the same time, Finance Minister Lou Jiwei said China will likely expand the recently announced local government debt relief program. Adding to the optimism, Chinese officials fleshed out some details for plans to better connect the economy with the rest of Asia, Africa, the Middle East and Europe with more roads, railways, ports and other related projects.
In Japan, the latest data showed that factory output fell by a worse-than-expected 3.4% in February, adding to the gloom enveloping the world's third largest economy.
Trading in US index futures indicated that the Dow could gain 86 points at the opening bell today, 30 March 2015. US stocks edged higher on Friday, 27 March 2015, as comments by Federal Reserve Chairwoman Janet Yellen raised the possibility that the US central bank may not increase interest rates by midyear as previously expected. Yellen said at a conference sponsored by the San Francisco Fed that gradual rate hikes are likely this year but stressed that the central bank would move cautiously. Yellen, for the first time, said that the Fed would stay on hold if there were further weakening in key inflation indicators. But she added that it wouldn't take an increase in inflation or wages to prompt the Fed to raise interest rates.
US economic growth cooled in the fourth quarter as previously estimated, with businesses throttling back on inventory and equipment investment but robust consumer spending limiting the slowdown in the pace of activity. Gross domestic product (GDP) expanded at a 2.2% annual rate, unchanged from last month's forecast, the Commerce Department said on Friday, 27 March 2015, in its third estimate. The economy grew at a 5% rate in the third quarter.
The influential monthly US nonfarm payroll data is due on Friday, 3 April 2015. The US government will announce the payroll report for March 2015 on 3 April 2015.
The US stock market is closed on Friday, 3 April 2015, on account of Good Friday.

FOREIGN MARKET

Asia Pacific Market: Stocks up after China unveils details on its Belt and Road initiative
Asia Pacific share market advanced on Monday, 30 March 2015, as risk sentiments propelled up after China unveiled details on its "Belt and Road" initiative, as well as indication of further policy stimulus in the world second largest economy. The MSCI Asia Pacific Index gained 0.1% to 146.74.
Regional market commenced trading with firm footing, with China leading the Asia Pacific region, helped by Beijing's unveiling of an ambitious plan to build a modern Silk Road to Europe and Africa and signs from People's Bank of China Governor Zhou Xiaochuan that added to expectations of more monetary policy easing.
China's top economic planner, the National Development and Reform Commission and the ministries of foreign affairs and commerce issued the vision and action on jointly building the Silk Road Economic Belt and 21st-Century Maritime Silk Road, an initiative raised by President Xi Jinping during visits to Central Asia and Southeast Asia in 2013. The initiative aims to promote orderly and free flow of economic factors, highly efficient allocation of resources and deep integration of markets by enhancing connectivity of the Asian, European and African continents and their adjacent seas.
Chinese President Xi Jinping said Over the weekend that the "One Belt, One Road" initiative, part of the wider Silk Road trade-promotion plan, expected to better link regional infrastructures, to boost annual trade between China and the economies involve to more than $2.5 trillion. More importantly for the market, the plan is slated to include investment in railways, roads, power grids, oil and gas pipelines, ports and other such facilities, and this helped lift the related stocks.
However, gains on the regional markets were limited, with many participants avoiding taking strong positions on more concern about Greece's finances and ahead of key data including U.S. labour figures out later this week. Investors were cautious amid uncertainty whether Greece and its international creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20. Talks continued through the weekend on reforms to unlock loans and Athens sounded an upbeat tone, but the lenders said it could take several more days before a proper list of measures was ready.
Among Asian bourses
Nikkei ends 0.65% higher
Japanese share market finished the session higher after a rollercoaster ride, as investors chased for value buying after selloff in previous two sessions and amid slight depreciation of yen against greenback. But, market gains were limited after official data indicating Japanese factory output fell by a worse-than-expected 3.4% in February. The Nikkei Stock Average added 125.77 points, or 0.65%, to close at 19411.40. The broader Topix index climbed up 4.99 points, or 0.32%, to 1557.77.
The dollar was slightly higher against the yen in Asian trade on Monday, with many market participants avoiding taking strong positions ahead of key data including U.S. labour figures out later this week. The dollar was at 119.24 yen, compared with 119.11 yen late Friday in New York.
Currency-sensitive blue chip exporters closed mostly higher on the back of a slightly stronger dollar. Sony Corp rose 0.4% to 3210 yen and Honda Motor Co added 0.3% to 3995 yen. Fanuc Corp rose 1.1% to 26475 yen. Yahoo Japan Corp rose 0.2% to 491 yen. Panasonic Corp jumped 0.1% to 1578 yen on reports that Panasonic Healthcare planned to buy German drug-maker Bayer AG's blood-glucose-meter unit for about 100 billion yen.
Stock in Seiko Epson Corp declined 3% to 2201 yen on reports that the U.S. inkjet-printer market is expected to grow in value, but shipments overall are likely to decline this year.
The Ministry of Ministry of Economy, Trade and Industry has released Preliminary industrial production data on Monday, showing Japan's industrial production slumped 3.4% on month in February, in light of weak overseas demand.
Australia market falls 1.2%
The Australian share market closed down, as pullbacks for crude oil and iron ore weighed on the resource shares. The benchmark S&P/ASX 200 Index declined 73.80 points, or 1.25%, to 5846.1, while the broader All Ordinaries Index declined 72.60 points, or 1.23%, to 5816.30. Market turnover was healthy, with 1.80 billion shares changing hands worth of A$4.92 billion. Rising stocks underperformed declining ones, with total of 459 stocks up, while 845 stocks down.
Shares of mining companies suffered heavy losses, on tracking decline in base metal pirces on the London Metal Exchange on Friday, with Copper leading retreat on news of resumed operations at several mines in Chile, the world's biggest copper producer. The LME's three-month copper contract fell 1.9%, to $6,055 a metric ton at the PM kerb close. Rio Tinto declined 1.2% to A$55.85. BHP Billiton dropped 2.1% to A$30.10. Iron-ore miner Fortescue Metals Group sank 3.8% to A$1.925.
Shares of energy companies also traded lower amid sharp drop in oil prices. Brent crude, the international benchmark, fell 2.4% on Friday. Woodside Petroleum fell 3% to A$34, Santos 6.8% to A$7.02 and Oil Search 5% to A$7.16. Caltex Australia declined 9.1% to A$34.44 after Chevron Corp said it had completed the sell-down of its Caltex holding at a significant discount to the last closing price.
Panaust remained untraded on news that shareholder Guangdong Rising Assets Management had launched a new takeover bid, but at a price more than 25% below what it had offered for the copper- and gold-mining company last May.
China market rises 2.6% on Silk Road details
Mainland China share market closed sharp higher, after the government unveiled the principles, framework, and cooperation priorities and mechanisms in its Silk Belt and Road initiative on Saturday in a bid to enhance regional connectivity and embrace a brighter future together. Meanwhile, buying pressure accelerated further after central bank Governor Zhou Xiaochuan statement that the government can do more to support growth in the world's second-largest economy. The Shanghai Composite Index closed 95.47 points, or 2.59%, higher at 3786.57, the highest level since March 2008. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, added 116.48 points, or 2.93%, to 4088.18.
People's Bank of China's Zhou said in remarks at the Boao Forum for Asia, an annual conference on the southern Chinese island of Hainan, that the nation's growth rate has tumbled “a bit” too much and that policy makers have scope to respond, underscoring forecasts for further monetary easing in the world's second-largest economy. China's central bank chief said that China has room to act with both interest rates and “quantitative” measures.
Shares of financial, realty and infrastructure-related players climbed sharply in Beijing, on hopes for further stimulus and after Beijing unveiled details of an ambitious plan to improve links from Asia to Europe and Africa. Industrial Bank Co. surged 8.8%. New China Life Insurance Co. rose 7.1%, while Haitong Securities Co. jumped 7.7%. China State Construction was up 10%. Bank of China added 3.2% and Agricultural Bank of China was up 2.8%. Poly Real Estate Group Co. soared 10%. Gemdale Corp. climbed 6.9%.
Hong Kong stocks climb 1.51%
Hong Kong stock market finished the session solidly higher in heavy volume, as appetite for risky assets underpinned on tracking gain on the Mainland A-share market after Chinese after authorities allowed more mainland funds to use the city's exchange link as well as China unveil details on its Belt and Road initiative. The Hang Seng Index improved 368.92 points, or 1.51%, to close at 24855.12, off an intra-day high of 24949.35 and intra-day low of 24725.52. Turnover increased to HK$140.80 billion from HK$77.88 billion on Friday.
Shares of railway, construction and infrastructure-related companies climbed sharply in Hong Kong after Beijing unveiled details of an ambitious Silk Road project plan to improve links from Asia to Europe and Africa. Shares were also supported by dovish comments from China's central bank Governor Zhou Xiaochuan at the weekend that reinforced expectations for further monetary easing to support the slowing Chinese economy. In addition, investor enthusiasm got a boost from a commentary in Monday's People's Daily saying China's bull market can aid the country's economic restructuring
Among railway and construction shares, China Railway Group jumped 19.6%, China Railway Construction Corp 18.7%, and Zhuzhou CSR Times Electric Co 6.6%. Among shipping shares, China Shipping Container Lines Co added 11.6%, China Cosco Holdings Co 6.8%, and Sinotrans Shipping 2.9%.
Shares of Hong Kong Exchanges & Clearing soared 7.9% after regulators said money managers no longer need to be part of the Qualified Domestic Institutional Investor program to invest in Hong Kong shares via an exchange link.
China Eastern Airlines Corp climbed 16.5% after announcing a 45% jump in net profit for last year, boosted by strong air-traffic growth and lower fuel costs.
Sensex gains on firm global stocks
Indian equity benchmark indices in India extended their intraday gains in mid-afternoon trade, amid positive cues from global stocks. Slide in global crude oil prices underpinned sentiment on the domestic bourses. Fall in crude oil prices augur well for India as the country imports 80% of its crude oil requirements. At 14:15 IST, the S&P BSE Sensex was up 422.43 points or 1.54% at 27,881.07. The 50-unit CNX Nifty was up 121.30 points or 1.45% at 8,462.70.
Pharma stocks advanced. ICICI Bank edged higher after the private sector bank during market hours today, 30 March 2015, announced that it has received further equity capital repatriation of CAD 80 million from ICICI Bank Canada and $75 million from ICICI Bank UK in this month. NMDC advanced after the company said it has commissioned its new project Bailadila Iron ore deposit 11B located in Bailadila region of Dakshin Baster district in Chhattisgarh.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 320.52 crore during the previous trading session on Friday, 27 March 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 674.76 crore on Friday, 27 March 2015, as per provisional data.
ICICI Bank edged higher after the private sector bank during market hours today, 30 March 2015, announced that it has received further equity capital repatriation of CAD 80 million from ICICI Bank Canada and $75 million from ICICI Bank UK in this month. The stock was up 1.18% at Rs 318.10. ICICI Bank said it has a strong capital adequacy ratio and the return of capital from ICICI Bank Canada and ICICI Bank UK will further enhance ICICI Bank's ability to optimize capital deployment and return on equity.
NMDC advanced after the company said that it has commissioned its new project Bailadila Iron ore deposit 11B located in Bailadila region of Dakshin Baster district in Chhattisgarh. The stock was up 1.72% at Rs 127.45. The announcement was made during market hours today, 30 March 2015. The Bailadila project has an iron ore production capacity of 7 million tonnes per annum (MTPA) with an investment of more than Rs 600 crore. With the commissioning of 11B project mine, NMDC has ramped up production capacity from present level of 25 MTPA to 32 MTPA from the Bailadila sector, the company said in a statement.
Elsewhere in the Asia Pacific region: South Korea KOSPI added 0.5% to 2030.04. Taiwan's Taiex rose 0.2% to 9521.29. New Zealand NZX50 was down 0.56% to 5821.29. Indonesia's Jakarta Composite index added 0.77% to 5438.66. Singapore's Straits Times index grew 0.12% at 3454.26. Malaysia's KLCI added 0.2% to 1821.83.

TOP 50

BSE Sensex on Mar 30,2015 27975.86 [517.22]
Prev. Day Close:27458.64 Change:1.88%
CodeRankCompanyMkt. Cap.EquityFVLast PriceTrd.Value*% of Mkt.Cap*Last traded DateLast traded timeVolume
532540  TCS LTD. 500888.56 195.87 2557.25 10.02 .00 Mar 30,2015 39198 
500312  ONGC CORPN 269240.96 4277.74 314.70 17.99 .01 Mar 30,2015 571553 
500875  ITC LTD. 262828.25 801.55 327.90 46.48 .02 Mar 30,2015 1417404 
500325  RELIANCE 262204.14 3235.69 10 810.35 36.59 .01 Mar 30,2015 451512 
500180  HDFC BANK 259811.26 501.30 1036.55 11.81 .00 Mar 30,2015 113959 
500209  INFOSYS LTD 256088.07 574.24 2229.80 12.93 .01 Mar 30,2015 57982 
533278  COAL INDIA 226631.00 6316.36 10 358.80 12.97 .01 Mar 30,2015 361391 
524715  SUN PHARMA. 209336.18 207.12 1010.70 13.49 .01 Mar 30,2015 133491 
500010  HDFC 205687.31 314.94 1306.20 10.66 .01 Mar 30,2015 81585 
500112 10  STATE BANK 200006.10 746.57 267.90 33.74 .02 Mar 30,2015 1259601 
CodeRankCompanyMkt. Cap.EquityFVLast PriceTrd.Value*% of Mkt.Cap*Last traded DateLast traded timeVolume
500696 11  HIND UNI LT 186515.34 216.35 862.10 6.43 .00 Mar 30,2015 74628 
532174 12  ICICI BANK 184547.50 1159.40 318.35 24.69 .01 Mar 30,2015 775411 
500510 13  LARSEN & TOU 160644.83 185.91 1728.20 39.54 .02 Mar 30,2015 228798 
532454 14  BHARTI ARTL 155718.72 1998.70 389.55 14.31 .01 Mar 30,2015 367257 
507685 15  WIPRO LTD. 153945.27 493.81 623.50 2.68 .00 Mar 30,2015 43062 
500570 16  TATA MOTORS 147768.12 547.34 539.95 32.15 .02 Mar 30,2015 595371 
532281 17  HCL TECHNO 137329.86 281.14 976.95 9.05 .01 Mar 30,2015 92665 
532215 18  AXIS BANK 133499.87 473.95 563.35 35.01 .03 Mar 30,2015 621424 
532555 19  NTPC LTD 121620.54 8245.46 10 147.50 26.86 .02 Mar 30,2015 1821283 
532500 20  MARUTISUZUK 110570.34 151.04 3660.30 10.77 .01 Mar 30,2015 29423 
CodeRankCompanyMkt. Cap.EquityFVLast PriceTrd.Value*% of Mkt.Cap*Last traded DateLast traded timeVolume
500247 21  KOTAK MAH.BK 101607.48 386.12 1315.75 3.98 .00 Mar 30,2015 30255 
500257 22  LUPIN LTD. 89935.96 89.90 2000.80 9.35 .01 Mar 30,2015 46709 
530965 23  INDIAN OIL 86022.27 2427.95 10 354.30 1.74 .00 Mar 30,2015 49150 
532538 24  ULTRATECH CM 80646.16 274.40 10 2939.00 4.92 .01 Mar 30,2015 16757 
500530 25  BOSCH LTD 80107.37 31.40 10 25511.90 2.27 .00 Mar 30,2015 890 
500820 26  ASIAN PAINTS 77508.16 95.92 808.05 5.87 .01 Mar 30,2015 72606 
532898 27  POWER GRID 75753.42 5231.59 10 144.80 .77 .00 Mar 30,2015 53204 
500520 28  MAH & MAH 74525.79 310.55 1199.90 4.29 .01 Mar 30,2015 35738 
534816 29  BH INFRATEL 72881.74 1893.77 10 384.85 1.11 .00 Mar 30,2015 28875 
500188 30  HINDUS.ZI 68555.49 845.06 162.25 .52 .00 Mar 30,2015 31845 
CodeRankCompanyMkt. Cap.EquityFVLast PriceTrd.Value*% of Mkt.Cap*Last traded DateLast traded timeVolume
512599 31  ADANI ENTER 68039.13 109.98 618.65 7.85 .01 Mar 30,2015 126814 
500790 32  NESTLE (I) 67074.09 96.42 10 6956.45 1.17 .00 Mar 30,2015 1686 
532822 33  IDEA CELL 65876.45 3597.84 10 183.10 12.10 .02 Mar 30,2015 660920 
532921 34  ADANI PORTS 63829.99 414.01 308.35 4.02 .01 Mar 30,2015 130506 
532755 35  TECH MAH 60116.85 480.32 625.80 65.38 .11 Mar 30,2015 1044762 
532977 36  BAJAJ AUTO 58561.25 289.37 10 2023.75 2.76 .00 Mar 30,2015 13618 
500103 37  BHEL 58399.74 489.52 238.60 5.81 .01 Mar 30,2015 243358 
500124 38  DR.REDDY'S 58379.00 85.19 3426.40 2.43 .00 Mar 30,2015 7100 
500087 39  CIPLA LTD. 56407.24 160.59 702.50 8.91 .02 Mar 30,2015 126897 
500295 40  SSLT 56003.18 296.47 188.90 6.72 .01 Mar 30,2015 355702 
CodeRankCompanyMkt. Cap.EquityFVLast PriceTrd.Value*% of Mkt.Cap*Last traded DateLast traded timeVolume
500547 41  BHARAT PET. 55633.78 723.08 10 769.40 4.47 .01 Mar 30,2015 58053 
532432 42  UNITD SPR 53131.19 145.33 10 3655.90 9.66 .02 Mar 30,2015 26420 
500182 43  HEROMOTOCO 52651.90 39.94 2636.55 5.91 .01 Mar 30,2015 22425 
526371 44  NMDC LTD 51263.57 396.47 129.30 1.94 .00 Mar 30,2015 149879 
500550 45  SIEMENS LTD. 50151.34 71.22 1408.35 4.82 .01 Mar 30,2015 34258 
532155 46  GAIL (I) LTD 48183.21 1268.48 10 379.85 1.75 .00 Mar 30,2015 46119 
532187 47  INDUSIND BNK 47041.63 529.45 10 888.50 3.20 .01 Mar 30,2015 35999 
500096 48  DABUR (I) 46722.90 175.65 266.00 4.70 .01 Mar 30,2015 176681 
517334 49  MOTHERSON SS 43927.44 88.19 498.10 5.61 .01 Mar 30,2015 112586 
505200 50  EICHER MOTOR 43429.41 27.11 10 16019.70 5.12 .01 Mar 30,2015 3199 

* During market trading hours, as traded values are not available on a real time basis, an approximation is done. The traded value is calculated as follows, using the last traded price:
Traded Value (Rs. cr) = (Last Price * Volume) /100,00,000 
This value will be updated with the actual figures, once trading closes and end-of-day data is available.