Sensex reclaims 26,000 level
Indian equity markets closed the week ended Friday, 1 January 2016 with strong gains as the two key benchmark indices viz. the barometer index, the S&P BSE Sensex, and the 50-unit Nifty 50 index registered modest gains during two trading sessions on Monday, 28 December 2015 and Thursday, 31 December 2015. The Sensex reclaimed its pychologically important 26,000 level. The Sensex clocked gains in four of five trading sessions and declined in remaining one session.
The Sensex rose 322.19 points or 1.24% to settle at 26,160.90. The Nifty rose 102.15 points or 1.29% to settle at 7,963.20.
The broad market depicted strength. The BSE Mid-Cap index rose 2.06%. The BSE Small-Cap index rose 1.79%. Both these indices outperformed the Sensex.
Foreign portfolio investors (FPIs) purchased shares worth a net Rs 1337.74 crore from the secondary equity markets during four trading sessions between 28 and 31 December 2015.
Stocks of pharmaceutical companies and private sector banks led gains as key benchmark indices edged higher on the first trading session of the week on Monday, 28 December 2015, with the barometer index, the S&P BSE Sensex, surpassing the psychologically important 26,000 level. The Sensex rose 195.42 points or 0.76% to settle at 26,034.13, its highest closing level since 2 December 2015.
A divergent trend was witnessed among various index constituents, with the two key benchmark indices registering minuscule to small gains on Tuesday, 29 December 2015. The Sensex rose 45.35 points or 0.17% to settle at 26,079.48, its highest closing level since 2 December 2015.
Losses in IT stocks and index heavyweight Reliance Industries (RIL) led decline for key benchmark indices on Wednesday, 30 December 2015. The Sensex fell 119.45 points or 0.46% to settle at 25,960.03, its lowest closing level since 24 December 2015.
Trading for the calendar year 2015 closed on a positive note as key benchmark indices settled with decent gains amid intraday volatility on Thursday, 31 December 2015. The Sensex rose 157.51 points or 0.61% to settle at 26,117.54, its highest closing level since 2 December 2015.
Trading for the calendar year 2016 began on a positive note as key benchmark indices settled slightly higher after a volatile session of trade on Friday, 1 January 2016. The Sensex rose 43.36 points or 0.17% to settle at 26,160.90, its highest closing level since 1 December 2015.
Among the 30-share Sensex pack, 21 shares rose and 9 shares declined.
NTPC (up 3.84%) and Coal India (up 3.56%) edged higher from the Sensex pack. Asian Paints (down 0.19%), Hindustan Unilever (down 0.72%), L&T (down 0.45%) and Tata Steel (down 2.35%) edged lower from the Sensex pack.
Bank stocks were mixed. Axis Bank (down 0.19%) and State Bank of India (down 0.43%) edged lower. HDFC Bank (up 1.35%) and ICICI Bank (up 2.01%) edged higher.
Pharma stocks rose. Cipla (up 0.99%) and Sun Pharmaceutical Industries (up 3.05%) edged higher.
Lupin rose 2.21% at Rs 1,845.50. Lupin after market hours on Monday, 28 December 2015, announced that it has received final approval from the United States Food and Drug Administration (USFDA) for its Fyavolv Tablets, a generic version of Warner Chilcott's Femhrt Tablets. Femhrt had annual sales of $39.9 million in the United States as per IMS MAT September 2015 data.
Dr Reddy's Laboratories (DRL) rose 3.17% at Rs 3,105.85. The company during market hours on Wednesday, 30 December 2015 announced the relaunch of its Esomeprazole Magnesium Delayed-Release Capsules, a therapeutic equivalent generic version of Nexium Delayed Release capsules in the US market. Nexium is a registered trademark of Astrazeneca AB Corporation. The re-launch is due to a change in the capsule color.
IT stocks were mixed. Wipro (up 0.08%) edged higher. TCS (down 0.7%) edged lower.
Infosys rose 0.66% at Rs 1,103.15. The company announced after market hours on Monday, 28 December 2015 the launch of its solar PV power plant of 6.6 megawatts (MW) capacity at its Pocharam campus in the state of Telangana. With this launch, combined with the existing 0.6 MW capacity rooftop solar plant, the Infosys campus in Pocharam will be one of the first corporate campuses in India that will be run completely by renewable energy. The construction of phase-2 at Infosys' campus at Pocharam SEZ is currently underway, with a planned capacity of 25,000 employees. An area has been reserved to construct phase-3 at the campus.
Auto stocks gained. Bajaj Auto (up 1.41%) and Tata Motors (up 5.03%) edged higher. Hero MotoCorp (down 0.3%) edged lower.
Mahindra & Mahindra (M&M) gained 0.45% at Rs 1,263.45. The company said during market hours on Friday, 1 January 2016 that its total auto sales rose 4% to 37,915 units in December 2015 over December 2014. Domestic sales rose 1% to 34,839 units in December 2015 over December 2014. Exports jumped 65% to 3,076 units in December 2015 over December 2014.
Car maker Maruti Suzuki India (MSIL) rose 0.88% at Rs 4,635.05. The company said during market hours on Friday, 1 January 2016 that the total sales rose 8.5% to 1.19 lakh units in December 2015 over December 2014. Domestic sales rose 13.5% to 1.11 lakh units in December 2015 over December 2014. Exports fell 33.1% to 7,816 units in December 2015 over December 2014.
Bharti Airtel rose 0.76% at Rs 341. The company announced after market hours on Tuesday, 29 December 2015, that it has acquired 74% capital of Augere Wireless Broadband India (Augere). With this acquisition, Augere has become a subsidiary of Bharti Airtel. It may be recalled that Bharti Airtel had announced on 27 October 2015 that its board of directors had approved the scheme of amalgamation of Augere with the company.
GAIL (India) rose 2.08% at Rs 369.80. The company during market hours on Friday, 1 January 2016 announced that it has entered into a binding Gas Sale and Purchase Agreement (GSPA) with Petronet LNG for supply of an additional 0.3 million metric tonnes per annum (MMTPA) of re-gasified liquefied natural gas (RLNG) with effect from 1 January 2016. Further, GAIL and Petronet LNG on 1 January 2016 have also entered into an agreement to adjust some aspects of their existing long term GSPA of 4.5 MMTPA.
HDFC rose 2.22% at Rs 1,257.30. The company announced after market hours on Thursday, 31 December 2015, that the profit on sale of investments for the quarter ended 31 December 2015 was Rs 57 crore compared to Rs 113 crore in the corresponding quarter in the previous year. Income from dividend for the quarter ended 31 December 2015 was Rs 135 crore compared to Rs 103 crore in the corresponding quarter of the previous year. This includes dividend of Rs 127 crore from HDFC Standard Life Insurance Company. HDFC, under the loan assignment route, sold loans amounting to Rs 1240 crore in the quarter ending 31 December 2015 to HDFC Bank compared to Rs 1234 crore during the corresponding quarter of the previous year. Loans sold in the preceding twelve months amounted to Rs 12975 crore.
Reliance Industries (RIL) rose 1.44% at Rs 1,015.35. RIL's telecom unit Reliance Jio Infocomm on Sunday, 27 December 2015, announced the soft launch of its fourth generation (4G) telecom services for RIL group employees, their families and business partners.
ONGC rose 3.61% at Rs 242.40. The company announced during market hours on Monday, 28 December 2015 that its wholly owned subsidiary ONGC Videsh and Russia's Rosneft have signed an agreement of confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC "Vankorneft". ONGC Videsh and Rosneft have also signed a Memorandum of Understanding (MoU) for cooperation for geologic survey, exploration and production of hydrocarbons onshore and on the continental shelf of the Russian Federation.
Bharat Heavy Electricals (Bhel) fell 0.86% at Rs 171. Media reports suggested the Expert Appraisal Committee (EAC) under the Ministry of Environment and Forests (MoEF) has deferred terms of reference (ToR) for Bhel's Yadadri thermal power project in Telangana due to ecological concerns. Bhel had announced on 2 June 2015 that it had secured the single-largest order in its history from TSGENCO for setting up a 4,000 megawatts supercritical thermal power project.
Meanwhile, Bhel announced during market hours on Tuesday, 29 December 2015, that it has commissioned another 660 megawatts (MW) supercritical thermal power plant at the upcoming 3x600 MW Prayagraj Super Thermal Power Project (STPP) at Bara in Allahabad district of Uttar Pradesh. Bhel has already commissioned 4,410 MW of power plants in the utility sector during the current financial year and is on track to achieve the target set by the government for the year, the company said in a statement.
Bhel announced during market hours on Friday, 1 January 2016 that Atul Sobti has assumed charge as Chairman and Managing Director (CMD) of the company with effect from today, 1 January 2016. Prior to this, Sobti was a director on the board of Bhel, heading two crucial portfolios of power and finance.
Adani Ports and Special Economic Zone (APSEZ) rose 3.48% at Rs 267.50. APSEZ during market hours on Monday, 28 December 2015, announced that its board of directors at a meeting held today, 28 December 2015, accepted the resignation of Sudipta Bhattacharya as Chief Executive Officer (CEO) and whole-time director of the company with effect from close of business hours on 31 December 2015. The board had decided to appoint Karan Adani, Executive Director (non-board position) as new CEO of the company with effect from 1 January 2016.
Among macro data, the combined index of eight core industries comprising nearly 38% of the weight of items included in the index of industrial production (IIP) fell 1.3% in November 2015 over November 2014. The data was announced by the government after market hours on Thursday, 31 December 2015.
On the global front, China's non-manufacturing activity expanded strongly in December 2015, a monthly survey showed on Friday, 1 January 2016. The purchasing managers' index (PMI) for the non-manufacturing sector came in at 54.4 in December 2015, up from 53.6 in November 2015.
US consumer confidence rebounded in December 2015 after a one-month slump but some worries remained over the medium-term outlook, the Conference Board said in its report on Tuesday, 29 December 2015.The Conference Board said that its monthly index of consumer confidence rose to a reading of 96.5 in December 2015 from 92.6 in November 2015.
The Sensex rose 322.19 points or 1.24% to settle at 26,160.90. The Nifty rose 102.15 points or 1.29% to settle at 7,963.20.
The broad market depicted strength. The BSE Mid-Cap index rose 2.06%. The BSE Small-Cap index rose 1.79%. Both these indices outperformed the Sensex.
Foreign portfolio investors (FPIs) purchased shares worth a net Rs 1337.74 crore from the secondary equity markets during four trading sessions between 28 and 31 December 2015.
Stocks of pharmaceutical companies and private sector banks led gains as key benchmark indices edged higher on the first trading session of the week on Monday, 28 December 2015, with the barometer index, the S&P BSE Sensex, surpassing the psychologically important 26,000 level. The Sensex rose 195.42 points or 0.76% to settle at 26,034.13, its highest closing level since 2 December 2015.
A divergent trend was witnessed among various index constituents, with the two key benchmark indices registering minuscule to small gains on Tuesday, 29 December 2015. The Sensex rose 45.35 points or 0.17% to settle at 26,079.48, its highest closing level since 2 December 2015.
Losses in IT stocks and index heavyweight Reliance Industries (RIL) led decline for key benchmark indices on Wednesday, 30 December 2015. The Sensex fell 119.45 points or 0.46% to settle at 25,960.03, its lowest closing level since 24 December 2015.
Trading for the calendar year 2015 closed on a positive note as key benchmark indices settled with decent gains amid intraday volatility on Thursday, 31 December 2015. The Sensex rose 157.51 points or 0.61% to settle at 26,117.54, its highest closing level since 2 December 2015.
Trading for the calendar year 2016 began on a positive note as key benchmark indices settled slightly higher after a volatile session of trade on Friday, 1 January 2016. The Sensex rose 43.36 points or 0.17% to settle at 26,160.90, its highest closing level since 1 December 2015.
Among the 30-share Sensex pack, 21 shares rose and 9 shares declined.
NTPC (up 3.84%) and Coal India (up 3.56%) edged higher from the Sensex pack. Asian Paints (down 0.19%), Hindustan Unilever (down 0.72%), L&T (down 0.45%) and Tata Steel (down 2.35%) edged lower from the Sensex pack.
Bank stocks were mixed. Axis Bank (down 0.19%) and State Bank of India (down 0.43%) edged lower. HDFC Bank (up 1.35%) and ICICI Bank (up 2.01%) edged higher.
Pharma stocks rose. Cipla (up 0.99%) and Sun Pharmaceutical Industries (up 3.05%) edged higher.
Lupin rose 2.21% at Rs 1,845.50. Lupin after market hours on Monday, 28 December 2015, announced that it has received final approval from the United States Food and Drug Administration (USFDA) for its Fyavolv Tablets, a generic version of Warner Chilcott's Femhrt Tablets. Femhrt had annual sales of $39.9 million in the United States as per IMS MAT September 2015 data.
Dr Reddy's Laboratories (DRL) rose 3.17% at Rs 3,105.85. The company during market hours on Wednesday, 30 December 2015 announced the relaunch of its Esomeprazole Magnesium Delayed-Release Capsules, a therapeutic equivalent generic version of Nexium Delayed Release capsules in the US market. Nexium is a registered trademark of Astrazeneca AB Corporation. The re-launch is due to a change in the capsule color.
IT stocks were mixed. Wipro (up 0.08%) edged higher. TCS (down 0.7%) edged lower.
Infosys rose 0.66% at Rs 1,103.15. The company announced after market hours on Monday, 28 December 2015 the launch of its solar PV power plant of 6.6 megawatts (MW) capacity at its Pocharam campus in the state of Telangana. With this launch, combined with the existing 0.6 MW capacity rooftop solar plant, the Infosys campus in Pocharam will be one of the first corporate campuses in India that will be run completely by renewable energy. The construction of phase-2 at Infosys' campus at Pocharam SEZ is currently underway, with a planned capacity of 25,000 employees. An area has been reserved to construct phase-3 at the campus.
Auto stocks gained. Bajaj Auto (up 1.41%) and Tata Motors (up 5.03%) edged higher. Hero MotoCorp (down 0.3%) edged lower.
Mahindra & Mahindra (M&M) gained 0.45% at Rs 1,263.45. The company said during market hours on Friday, 1 January 2016 that its total auto sales rose 4% to 37,915 units in December 2015 over December 2014. Domestic sales rose 1% to 34,839 units in December 2015 over December 2014. Exports jumped 65% to 3,076 units in December 2015 over December 2014.
Car maker Maruti Suzuki India (MSIL) rose 0.88% at Rs 4,635.05. The company said during market hours on Friday, 1 January 2016 that the total sales rose 8.5% to 1.19 lakh units in December 2015 over December 2014. Domestic sales rose 13.5% to 1.11 lakh units in December 2015 over December 2014. Exports fell 33.1% to 7,816 units in December 2015 over December 2014.
Bharti Airtel rose 0.76% at Rs 341. The company announced after market hours on Tuesday, 29 December 2015, that it has acquired 74% capital of Augere Wireless Broadband India (Augere). With this acquisition, Augere has become a subsidiary of Bharti Airtel. It may be recalled that Bharti Airtel had announced on 27 October 2015 that its board of directors had approved the scheme of amalgamation of Augere with the company.
GAIL (India) rose 2.08% at Rs 369.80. The company during market hours on Friday, 1 January 2016 announced that it has entered into a binding Gas Sale and Purchase Agreement (GSPA) with Petronet LNG for supply of an additional 0.3 million metric tonnes per annum (MMTPA) of re-gasified liquefied natural gas (RLNG) with effect from 1 January 2016. Further, GAIL and Petronet LNG on 1 January 2016 have also entered into an agreement to adjust some aspects of their existing long term GSPA of 4.5 MMTPA.
HDFC rose 2.22% at Rs 1,257.30. The company announced after market hours on Thursday, 31 December 2015, that the profit on sale of investments for the quarter ended 31 December 2015 was Rs 57 crore compared to Rs 113 crore in the corresponding quarter in the previous year. Income from dividend for the quarter ended 31 December 2015 was Rs 135 crore compared to Rs 103 crore in the corresponding quarter of the previous year. This includes dividend of Rs 127 crore from HDFC Standard Life Insurance Company. HDFC, under the loan assignment route, sold loans amounting to Rs 1240 crore in the quarter ending 31 December 2015 to HDFC Bank compared to Rs 1234 crore during the corresponding quarter of the previous year. Loans sold in the preceding twelve months amounted to Rs 12975 crore.
Reliance Industries (RIL) rose 1.44% at Rs 1,015.35. RIL's telecom unit Reliance Jio Infocomm on Sunday, 27 December 2015, announced the soft launch of its fourth generation (4G) telecom services for RIL group employees, their families and business partners.
ONGC rose 3.61% at Rs 242.40. The company announced during market hours on Monday, 28 December 2015 that its wholly owned subsidiary ONGC Videsh and Russia's Rosneft have signed an agreement of confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC "Vankorneft". ONGC Videsh and Rosneft have also signed a Memorandum of Understanding (MoU) for cooperation for geologic survey, exploration and production of hydrocarbons onshore and on the continental shelf of the Russian Federation.
Bharat Heavy Electricals (Bhel) fell 0.86% at Rs 171. Media reports suggested the Expert Appraisal Committee (EAC) under the Ministry of Environment and Forests (MoEF) has deferred terms of reference (ToR) for Bhel's Yadadri thermal power project in Telangana due to ecological concerns. Bhel had announced on 2 June 2015 that it had secured the single-largest order in its history from TSGENCO for setting up a 4,000 megawatts supercritical thermal power project.
Meanwhile, Bhel announced during market hours on Tuesday, 29 December 2015, that it has commissioned another 660 megawatts (MW) supercritical thermal power plant at the upcoming 3x600 MW Prayagraj Super Thermal Power Project (STPP) at Bara in Allahabad district of Uttar Pradesh. Bhel has already commissioned 4,410 MW of power plants in the utility sector during the current financial year and is on track to achieve the target set by the government for the year, the company said in a statement.
Bhel announced during market hours on Friday, 1 January 2016 that Atul Sobti has assumed charge as Chairman and Managing Director (CMD) of the company with effect from today, 1 January 2016. Prior to this, Sobti was a director on the board of Bhel, heading two crucial portfolios of power and finance.
Adani Ports and Special Economic Zone (APSEZ) rose 3.48% at Rs 267.50. APSEZ during market hours on Monday, 28 December 2015, announced that its board of directors at a meeting held today, 28 December 2015, accepted the resignation of Sudipta Bhattacharya as Chief Executive Officer (CEO) and whole-time director of the company with effect from close of business hours on 31 December 2015. The board had decided to appoint Karan Adani, Executive Director (non-board position) as new CEO of the company with effect from 1 January 2016.
Among macro data, the combined index of eight core industries comprising nearly 38% of the weight of items included in the index of industrial production (IIP) fell 1.3% in November 2015 over November 2014. The data was announced by the government after market hours on Thursday, 31 December 2015.
On the global front, China's non-manufacturing activity expanded strongly in December 2015, a monthly survey showed on Friday, 1 January 2016. The purchasing managers' index (PMI) for the non-manufacturing sector came in at 54.4 in December 2015, up from 53.6 in November 2015.
US consumer confidence rebounded in December 2015 after a one-month slump but some worries remained over the medium-term outlook, the Conference Board said in its report on Tuesday, 29 December 2015.The Conference Board said that its monthly index of consumer confidence rose to a reading of 96.5 in December 2015 from 92.6 in November 2015.
No comments:
Post a Comment