Mark Focus Market Support

Buoyed by a positive trend across most sectors and continued rally in metal stocks, domestic share indices started the session on a positive note.  the BSE Sensex was trading at 33,850, up 56 points, while the Nifty50 was ruling at 10,455, up 11 points. Metal stocks continued to gain on the back of rising global commodity prices. The Nifty Metal Index rose 0.5% in early trade, led by over 1% gains in shares of Vedanta and Welspun Corp. Shares of Tata Motors, which fell 1%, were the worst hit on Nifty50 as the company reported a 9.4% on-year fall in Jaguar Land Rover sales in the US to 11,394 units for December. Shares of SJVN soared over 15% to a lifetime high after the company said its board will meet on Monday to consider a proposal to buyback its fully-paid up equity shares. Barring the Nifty Auto Index, which fell 0.2% all other sectoral indices were 0.1-0.6% higher in early trade. The BSE Mid-cap and BSE Small-cap indices were up 0.60% and 0.41%, respectively. ...

NBCC secured Rs314.8cr business orders in December, which included a contract for construction of border fence and road along Indo-Bangladesh border in Meghalaya amounting Rs215.77cr at a PMC fees of 7%. Tata Motors JLR U.S. sales down 9% year-on-year to 11,394 units in Decembers 2017. For the full year 2017, JLR U.S. sales reached 114,333 units, up 9% year-on-year. Ashish Kacholia bought 10 lakh shares or 0.7% stake in Navkar Corporation on Wednesday, bulk deal data on the NSE website showed. Kacholia bought the shares at Rs187 apiece. SJVN has announced a share buyback proposal. The board will consider the proposal on January 8. HDFC Ltd said its third quarter profit on the sale of investments stood at Rs5,270cr compared to Rs3cr a year ago. Bank of Maharashtra to raise Rs650cr by way of preferential allotment to GOI. HPCL says ONGC may pay Rs45,000cr (45% premium to market cap) for company's stake. The Board of Bank of India at its meeting held on January 3, has ap...

Global markets Major Asian markets are trading in the green at present. Shanghai Composite is up 0.67%, Hang Seng is up 0.49 %, Kospi is also trading  0.33% higher. US markets: US stocks kicked off 2018 on a positive note. The S&P 500 and Nasdaq ended at record closing highs with Nasdaq ending above 7,000 for the first time. The Dow Jones Industrial Average rose 0.4%, to 24,824. The S&P 500 rose 0.8%, to 2,696 while the Nasdaq Composite Index closed at 7,007 up 1.5%. Energy and technology stocks were the major outperformers. European markets closed in the red yesterday with FTSE down 0.52%, CAX down 0.45% and DAX down 0.36%.  FII Data:  In yesterday’s session, FII’s bought 522 crores stock in the cash market, whereas DII’s bought 64 crores worth of stocks. In the derivative market, FII’s sold 1,030 crores of Index futures and bought 1,544 crores worth of Index options. In the Stock futures segment, FII’s sold 415 crores worth of stock futures and bought 18...

The Indian manufacturing sector ended the year on a strong note, with operating conditions improving at the strongest rate in five years. The overall upturn was supported by the sharpest increase in output and new orders since December 2012 and October 2016, respectively. At 54.7 in December, the Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose from 52.6 in November. This was consistent with the strongest improvement in the health of the sector since December 2012. Notably, the PMI reading was slightly stronger than the average 54 recorded since the inception of the survey in March 2005. At the broad market group level, growth was recorded across all three monitored categories (consumer, intermediate and investment). The upward movement in the headline index was driven by a sharp increase in output. Furthermore, the rate of expansion quickened to the strongest since December 2012. Higher order book volumes and improved underlying demand conditions reportedly contribu...