New York: 12:53 || London: 15:53 || Mumbai: 21:23 || Singapore: 23:53

Reports India

Indian stock market daily morning report (August 19, 2014, Tuesday)

August 19, 2014, Tuesday, 05:38 GMT | 01:38 EST | 10:08 IST | 12:38 SGT
Contributed by Keynote Capitals


Views on markets today

- Markets continued their winning streak for the fifth straight session, amid firm European cues, to end at fresh record closing highs after Prime Minister Narendra Modi announced a scheme for financial inclusion while easing whole-sale price inflation also boosted sentiment. Further, renewed buying interest from foreign funds helped support the market.

The 30-share Sensex closed at a record high of 26,391 and the Nifty gained 83 points to close at a high of 7,874. ICICI Bank, ONGC and Tata Motors contributed to nearly 50% gain seen on the Nifty.

Earlier, on July 24, 2014, the 30-share Sensex had ended at record closing high of 26,272 up 125 points and the 50-share Nifty had ended at 7,831 up by 35 points.

- Shares of fourteen banks rose by 0.06% to 2.28%, in the intraday trade, on BSE after Prime Minister Narendra Modi announced a new financial scheme to help the poor open bank accounts.

Yes Bank (up 2.28%), Kotak Mahindra Bank (up 2.11%), ICICI Bank (up 1.28%), Union Bank of India (up 0.91%), Punjab National Bank (up 0.90%), Axis Bank (up 0.87%), HDFC Bank (up 0.87%), Canara Bank (up 0.84%), IndusInd Bank (up 0.84%), Bank of India (up 0.71%), Federal Bank (up 0.52%), State Bank of India (up 0.52%), Bank of Baroda (up 0.18%) and IDBI Bank (up 0.06%), edged higher.

- DVR shares of four companies rose by 3.44% to 5.30%, in the day's trade, on BSE on reports that Indian exchanges may consider admitting such shares on their benchmark indexes.

Future Retail-DVR (up 5.30% to Rs 67.60), Tata Motors-DVR (up 5.29% to Rs 349.25), Gujarat NRE Coke-DVR (up 4.96% to Rs 4.87) and Jain Irrigation Systems-DVR (up 3.44% to Rs 69.20), edged higher.

- Supreme Infrastructure India was locked at 5% lower circuit at Rs 370.50 on BSE after net profit fell 48.53% to Rs 11.3- crore on 13.67% decline in total income from operations to Rs 381.10 crore in Q1 June, 2014 over Q1 June, 2013.

- Alok Industries closed 12.30% up at Rs 12.33 on BSE after net profit rose 32.1% to Rs 43.4- crore on 25% increase in net sales to Rs 3,725.26 crore in Q3 June, 2014 over Q3 June, 2013.

- Whirlpool of India closed 10.00% up at Rs 453.80 on BSE, with the stock extending recent rally triggered by the company reporting strong Q1 earnings.

- Among the 12 BSE Sectoral Indices 10 Indices closed in positive while 2 Indices ended the day in negative. Top Gainers: BSE Oil & Gas up by 2.64% and BSE Bankex by 2.36%. Top Losers: BSE FMCG down by 0.44% and BSE IT by 0.41%.

Market breadth was positive at ~1.89 as investors bought large cap stocks. On provisional basis, FII's bought Rs 4.73bn worth of Indian equities while DII's sold Rs 4.90bn worth of equities.


Buzzing Stocks

- Cipla closed 4.85% up at Rs 469.75 on BSE after consolidated net profit declined 39.17% to Rs 295 crore on 13.6% growth in net sales to Rs 2647 crore in Q1 June, 2014 over Q1 June, 2013.

- Reliance Communications closed 2.15% up at Rs 123.30 on BSE after consolidated net profit rose 21.4% to Rs 132 crore on 2.1% growth in revenue to Rs 5,523 crore in Q1 June, 2014 over Q1 June, 2013.

- Tata Motors closed 3.98% up at Rs 503.90 on BSE after the company said its global wholesales rose 5.98% at 80,151 units in July, 2014 over June, 2014.

- SpiceJet closed 12.60% up at Rs 13.49 on BSE after the company said it achieved an operating profit of Rs 9 crore in Q1 June, 2014.

- Reliance Capital closed 0.43% up at Rs 564.55 on BSE after consolidated net profit rose 23% to Rs 164 crore on 11% growth in total income to Rs 2,144 crore in Q1 June, 2014 over Q1 June, 2013.

- Pipavav Defence & Offshore Engineering Company closed 4.92% up at Rs 50.10 on BSE after net profit fell 23.6% to Rs 5.56 crore on 54.9% decline in net sales to Rs 315.53 crore in Q1 June, 2014 over Q1 June, 2013.

- ITC closed 1.68% down at Rs 350.75 on BSE on reports the Centre is planning to introduce tougher provisions under law to curb tobacco consumption in the country.

- Tata Power closed 1.43% up at Rs 92.00 on BSE on reports the state electricity regulator granted 25 years distribution licence to the company for supplying power in Mumbai and suburban areas.

- Lanco Infratech was locked at 5% upper circuit at Rs 9.39 on BSE after the company posted a consolidated reported net loss of Rs 306.30 crore in Q1 June, 2014, lower than net loss of Rs 578.80 crore in Q1 June, 2013.

- Voltas closed 6.73% up at Rs 235.60 on BSE, with the stock extending recent rally triggered by the company reporting strong Q1 earnings.

- Marico Kaya Enterprises closed 12.63% up at Rs 413.25 on BSE, extending recent gains triggered by the company's turnaround Q1 June, 2014 results.

- Future Retail closed 3.10% up at Rs 127.15 on BSE after the company reported a net profit of Rs 66.4- crore in Q1 June, 2014 compared with net loss of Rs 9.46 crore in Q1 June, 2013.

- Indian Oil Corporation closed 4.30% up at Rs 352.55 on BSE after the company issued a clarification with regard to a news item pertaining to Mathura refinery expansion project.

Stock Market Forum