Friday, 28 April 2017

28th April 2017 >> Closing bell- Sensex loses 111 pts, Nifty manages to hold 9300 amid profit booking >> Get your Free Trial click here

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Equity benchmarks closed lower on profit booking as the Sensex failed to hold 30000 level on weekly basis. The 30-share BSE Sensex was down 111.34 points at 29,918.40 and the 50-share NSE Nifty fell 38.10 points to 9,304.05. 

SBI, ONGC, Maruti Suzuki, ICICI Bank, Asian Paints, Adani Ports and Sun Pharma gained 1-3 percent while ITC, HDFC Bank, HDFC, Reliance Industries and TCS lost 1-2 percent.

Sensex trims morning losses, Nifty around 9300

Japan's core consumer prices rose at a slower than expected pace in March and household spending fell more than expected in a worrying sign for the central bank that domestic demand won't be strong enough to generate sustained inflation. Industrial product in March also fell more than expected, but economists remain optimistic that output will quickly recover in the following month as strength in overseas economies increases export demand. 

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MSR India rises over 2% on winning new order

Shares of MSR India spurted over 2 per cent on the Bombay Stock Exchange after the company bagged Rs 2.4 mn work order from ISRO (Vikram Sarabhai Space Centre). “The company has bagged Rs 2.4 mn work order from ISRO, Department of Space, Vikram Sarabhai Space Centre,” said MSR India in a filing to the Bombay Stock Exchange on Wednesday. Extending previous session rally, shares of the company gained as much as 2.44 per cent to hit an intra-day high of Rs 39.90 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 39.05 against the previous close price of Rs 38.95. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.

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CAIT to launch campaign for promoting Digital Payments

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Traders body CAIT said it has joined hands with HDFC Bank, MasterCard and Tally Solutions to launch a national campaign for promoting digital payments to enable a seamless transition to the Goods and Service Tax (GST) regime. Confederation of All India Traders (CAIT) said through this association, "We aim to educate and equip non-corporate entities for successful adoption of GST and digital payments"  
CAIT national president B C Bhartia said that empowerment of nearly 60 per cent of trading community with technology is a major challenge. "This collaboration will help provide the necessary resources to small businesses to help digitize their operations and facilitating the adoption of digital payments at large," it said in a statement.

BMW to be Aditya Birla Group's choice of mobility

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BMW Group on Thursday said that it has entered into an international alliance with the Aditya Birla Group to be its preferred premium mobility supplier. According to the luxury automobile manufacturer, it will supply premium mobility products for the Aditya Birla Group across 50 countries and over 70 companies internationally. "Our alliance with Aditya Birla Group is yet another step to bring the immersive BMW experience closer to our exclusive clientele," said Rene Gerhard, Director - Sales, BMW Group India.

Reliance Capital Q4 net at Rs 417 crore >> Free Stock Tips Provider

Reliance Capital, an Anil Ambani-led Reliance Group company, on Thursday, said it closed the fourth quarter of 2016-17 fiscal with a consolidated net profit of Rs 417 crore as against Rs 415 crore during the corresponding period of the previous year. According to the company, its total income for the last quarter stood at Rs 5,086 crore, up from Rs 2,828 crore earned during the corresponding period of previous year. 
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Biocon net declines 62% in Q4 >> Get your Free Trials click here

India's biotechnology major Biocon Ltd has posted Rs 127 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17 as against Rs 333 crore in the same period year ago, registering a whopping decline of 62 per cent year-on-year (YoY). In a regulatory filing on the BSE on Thursday night, the city-based pharmaceutical company said consolidated revenue for the quarter (Q4) under review was muted at Rs 974 crore as against Rs 973 crore in like period year ago.

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Kotak Mahindra Bank to buy Old Mutual`s stake in insurance arm

Private sector lender Kotak Mahindra Bank (KMB) has said that it is buying out British partner Old Mutual’s entire 26 percent stake in its life insurance arm for Rs1,292.7 crore. “In line with its philosophy to deepen and expand in Indian financial services, KMB has entered into an agreement to purchase the entire 26% equity stake held by Old Mutual in Kotak Mahindra Old Mutual Life Insurance for a consideration of Rs1,292.7 crore,” the bank said in a filing to the Bombay Stock Exchange. 
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Paytm parent One97 set to raise over $1.8 billion from SoftBank

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One97 Communications, the owner of electronics payments provider Paytm, is set to raise more than 120 billion rupees ($1.87 billion) from Japan's SoftBank Group, the Economic Times reported on Friday citing sources. 
The deal will value Noida-based One97 at about $9 billion and provide a 20 percent stake to SoftBank, the report said. 
Moreover, One97 plans to earmark nearly $1 billion to expand its payments business into high growth areas like lending and insurance.

SoftBank declined to comment. Paytm was not immediately reachable for comment. 
Digital payments have assumed great significance in India after the decision of Prime Minister Narendra Modi's government ban on old high-valued bank notes in November led to a severe cash crunch across the country.

As Baahubali 2 opens to roaring start, PVR, Mukta Arts make a killing

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Shares of multiplex operators Mukta Arts BSE 6.60 % and PVR soared up to 6 percent in Friday’s trade following the release of the much-anticipated movie Baahubali 2. The movie’s Part 1 had received a spectacular response, as it garnered Rs 161 crore in revenue in the first three days and grossed over Rs 650 crore worldwide.

Shares of Mukta Arts surged 9.33 per cent to Rs 116 on BSE. Mukta Arts is focused on value-for-money customers in mostly tier-II and tier-III cities, with less focus on tier-I cities.

Asian Stocks tick up, Euro subdued as ECB maintains easing bias


Asian stocks inched higher on Friday and looked set to close a strong week on a positive note, while the euro slipped after the European Central Bank showed no signs of paring its stimulus program.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, putting it on pace to end the week up 1.9 percent, which would be its best week in six. Earlier in the week, it hit an almost two-year high.

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Tata Motors, HDFC Bank, Wipro up by Ripples Financial Advisory



Indian ADRs ended mostly higher on Thursday. In the IT space, Infosys was down 0.04 percent at USD 14.50 and Wipro was up 0.06 percent at USD 9.75.

In the banking space, ICICI Bank gained 0.01 percent at USD 14.50 and HDFC Bank added 0.49 percent at USD 80.95.

In the other sectors, Tata Motors rose 0.64 percent at USD 35.30 and Dr. Reddy's Laboratories shed 0.84 percent at USD 80.95.

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Indian Rupee gains overnight, Opens at 64.11/$ >> Indian Stock Market tips provider

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The Rupee opened stronger against the Dollar on Friday, appreciating overnight to 64.11, 4 paise higher than its previous close. Market participants said that the risk-on sentiment that gripped the market after the conclusion of the first round of the French presidential elections seems to have abated, albeit temporarily. “The positive risk tone after the first round of French elections appears to be taking a breather, after the mostly anticipated US tax cut plans and somewhat dovish ECB.

Sensex extends losses, Nifty around 9300 >> Free Stock Tips Provider



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Benchmark indices extended their losses from the morning session, with the Nifty testing 9300, while the Sensex managed to snap 30000-mark.

The 30-share Sensex was down 107.13 points at 29922.61, while the Nifty was down 38.55 points at 9303.60. The market breadth was narrow as 1,090 shares advanced against a decline of 921 shares, while 83 shares were unchanged.

ONGC, Tata Steel and Bank of Baroda were top gainers among both the indices, while Bharti Airtel and ITC lost the most.

Open Interest In Index Options by Ripples Financial Advisory



In current expiry FII has bought 72275 contracts as a net position on the starting of expiry, ie, on 30th Mar was (-) 201140 and as on the last date, the net position was (-) 128865. PRO have bought 30538 contracts in the current expiry as a net position on the starting of expiry, ie, on 30th Mar was 80417 and as on the last date, the net positions was 110955. Thus in combination, they have a long position of 102813 contracts.

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CASH SEGMENT FII AND DII ACTIVITY by Ripples Financial Advisory



On 27th Apr FII sold 181.71 Crore in Cash segment and DII bought 233.31 Crore. In combined FII and DII have a net buy figure of 51.6 Crore.

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Open Interest in Index Futures by Ripples Financial Advisory



In current expiry FII has sold 10555 contracts as in the starting of expiry, ie, on 30th Mar 17, the net position was 170788 and as on the last date, the net position was 160233. PRO has sold 14112 contracts during the expiry as in the starting of expiry, ie, on 30th Mar 17, the net position was (-) 46122 and as on the last date, the net position was (-) 60234. Thus in combination, they both have a short position of 24667 contracts.

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27th April 2017 >> International Market Morning Update by Ripples Financial Advisory

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In international Markets, S&P500 yesterday traded in a range, currently, the Index is trading at 2386. The Index is not able to trade above its all-time high of 2401.

German Index Dax yesterday closed at 12243, the Index is not able to sustain above its all-time high of 12456.

MSCI emerging market Index is trading 979, recently the Index made a high of 984.

28th April 2017>> OPENING BELL- Market To Remain Choppy In Absence Of Any Major Triggers



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On last day of expiry 27th April, Indian Benchmark Index Nifty opened at 9359 and traded in a narrow rage of 44 points throughout the day. The Index made a high of 9367 and closed at 9342 after making a low of 9323. Some of the F and O stocks which will declare their results today are Ceat Limited, Federal Bank Limited, UPL Limited, Ambuja Cements Limited and IDFC Bank. Bank Nifty made an all time high of 22381 and closed at 22326. Small Cap Index opened at 7426 made a high of 7436, from there it made a low of 7386 and closed at 7403. Nifty Future to open gap up by 22 points at 9365 against yesterday's close of 9343.50 as per SGX.

28th April 2017>> SUPPORT and RESISTANCE- Today's Equity Update by Ripples Financial Advisory

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NIFTY MAY FUT (28th APR 2017) : Trend : Up Close : 9356 Support : 9305 -9340 Center Point : 9359 Resistance :9375-9410 Daily Reversal Value : 9241 RSI : 30.90

BANKNIFTY MAY FUT (28th APR 2017) : Trend : Up Close : 22293 Support : 22031-22196 Center Point : 22265 Resistance : 22361-22527 Daily Reversal Value : 21857 RSI :68.40

SENSEX (28th APR 2017) : Trend : Up Close : 30029 Support : 29729-29940 Center Point :30062 Resistance : 30151-30362 Daily Reversal Value : 29650 RSI : 34.10  

USDINR MAY (28th APR 2017) : Trend : Down Close : 64.39 Support : 64.05-64.26 Center Point : 64.34 Resistance : 64.47-64.68 Daily Reversal Value : 65.12 RSI : 27.47

Thursday, 27 April 2017

27th April 2017- CLOSING BELL >> Nifty ends April series below 9350; Sensex snaps 3-day rally on profit booking


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Equity benchmarks snapped three-day winning streak on profit booking Thursday, with the Nifty closing April series below 9,350 level. Weak European cues also dampened sentiment in the second half of session.

The 30-share BSE Sensex was down 103.61 points at 30,029.74 and the 50-share NSE Nifty fell 9.70 points to 9,342.15 amid consolidation, weighed by profit booking in banking & financials, FMCG, and select pharma stocks.

Investors also digested recent positive global events (like French elections) and quarterly earnings that so far have been good, analysts say, adding today's volatility was expected due to the expiry of April futures & options contracts.

They feel consolidation may continue for a couple of days as the Sensex rallied 768 points in previous three consecutive sessions and hit a record closing high.

KSB Pumps dips nearly 3% on weak Q1 >> SUBSCRIBE NOW FREE

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Shares of KSB Pumps fell nearly 3 per cent on the Bombay Stock Exchange after the company reported a 20.83 percent decline in its standalone net profit at Rs 13.34 crore during the three months ended March 31, 2017, compared to Rs 16.85 crore in the year-ago quarter. Extending previous session losses, shares of the company declined as much as 2.75 per cent to hit an intra-day low of Rs 699.00 apiece on the Bombay Stock Exchange. 

The script was currently trading at Rs 710.00 against the previous close price of Rs 718.80. In a similar fashion, stocks of the company were trading 2.08 per cent lower at Rs 704.90 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.

Axis Bank dips nearly 3% on disappointing Q4 by Ripples Financial Advisory

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Shares of Axis Bank fell nearly 3 percent on the Bombay Stock Exchange after the private sector lender reported a fall of 43.1 per cent in its net profit after tax at Rs 1,225.10 crore for the quarter ended March 31, 2017, on the back of higher provisions. Weighed down by Q4, shares of the bank declined as much as 2.64 per cent to hit an intra-day low of Rs 503.60 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 511.40 against the previous close price of Rs 517.30. In a similar fashion, stocks of lender were trading 1.20 per cent lower at Rs 510.95 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.

Reliance GCX-Alibaba arm to offer cloud solutions >> Grab Free Trials from here- CLICK NOW

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Reliance Communications' subsidiary Global Cloud Xchange (GCX) and Alibaba Cloud will jointly offer cloud solutions to enterprises through the latter's Cloud Express Connect via GCX's Cloud X-Fusion in Singapore, said GCX on Wednesday. The GCX and Alibaba Cloud -- the cloud computing arm of Alibaba Group -- signed an agreement at the Alibaba's Cloud Computing Conference at Nanjing in China to drive business opportunities for enterprise customers.

Axis Bank`s Q4 net profit down 43% >> Get Free Stock Tips

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Lending major Axis Bank on Wednesday reported a decline of 43.13 per cent in its net profit for the fourth quarter (Q4) of Fiscal 2016-17. The company's net profit decreased to Rs 1,225.10 crore from Rs 2,154.28 crore reported in the fourth quarter of 2015-16. "The Bank's net interest income (NII) grew 4 per cent YOY to Rs 4,729 crore during Q4FY17 from Rs 4,553 crore in Q4FY16," the lender said in a statement.

Tata Motors to use two technologies for BS IV norms

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Automobile major Tata Motors Ltd. on Wednesday said it is ready with Selective Catalytic Reduction (SCR) and Exhaust Gas Recirculation (EGR) technologies for BS IV compliant engines for its commercial vehicles. In a statement issued here, Tata Motors said EGR technology adopted by Tata Motors in 2010 will continue to power small-to-medium category of commercial vehicles with engine power requirements up to 180HP. Additionally, Tata Motors has adopted the SCR technology since 2014 for its Medium and Heavy-Duty Commercial vehicles ranging from 130HP to 400HP.

RBI to circulate new10 rupee coins >> Free Stock Tips Provider

The Reserve Bank has said that it will soon put into circulation new Rs 10 coins that have been minted to commemorate the 125th year of National Archives of India. The central bank will also put into circulation new Rs 5 coins to celebrate the 150th anniversary of Allahabad High Court. Commenting on the issue, a RBI Official told the media, “On the reverse of the coin, there will be an image of National Archives Building in the center with inscription '125 YEARS' below the image.” 

“The year "1891" and "2016" in English shall be written on the upper and lower periphery of the coin respectively. The year "1916" and "2016" in international numerals shall be written respectively on left and right top of the image,” he added.

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60% people Facing Frequent call drops >> Free Stock Tips Provider

Nearly 60 percent people are still facing frequent call drops, with most of them experiencing problem indoors, found a survey by the Department of Telecom (DoT). Out of 3.56 lakh subscribers surveyed across telecom service providers, 2.15 lakh (about 60 per cent) complained about frequent call drops. However, made 26.97 lakh calls to subscribers of various telecom operators in the country, out of which only 3.56 lakh subscribers (about 13 percent) participated in the survey. 

The department also claimed that overall call drops have come down by seven per cent in three months between December 2016 to March 2017. "Remaining 87 percent subscribers, who did not participate, were either not willing or did not have the problem of frequent call drops, the DoT said in a statement. From the feedback, the DoT observed that the complaint is "mostly indoors".

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The Bank Nifty higher side resistance still remains firm at 22480 levels

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The benchmark index rallied for the third consecutive session and extended gains tracking positive global cues and appreciation of Indian rupee against US Dollar. Nifty breached 9300 marks and settled above the same. Momentum Indicator RSI for a 14-day period is poised at 69.20 indicating firm trend at current levels. Next crucial Resistance for Nifty futures seen at 9370 levels while Support seen at 9300 levels. Breach of immediate resistance of 9370 will unfold the next upside Targets of 9400 and 9430 level. A breach below 9300 could resume the down move and drag Nifty southwards to 9220 level. Traders are advised to maintain logs with a trail stop strategy.

Mphasis Limited undertakes buyback of equity shares >> Free Stock Tips Provider

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The Bangalore-based IT service player, Mphasis Ltd., has informed BSE regarding Schedule of Activities for the buyback of up to 17,370,078 equity shares of the Company, of the face value of Rs 10 each, at a price of Rs 635 per equity share. The company will be dispatching a letter of offer for the buyback, to eligible shareholders of the company, holding shares as on record date i.e. March 31, 2017, on or before May 4, 2017. The stocks of the company are currently trading in positive territory, up by 0.45%, at Rs 533.50 per share.

Live Stock Market Updates – Nifty trades on a flat note, Sensex down 25 points

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BSE Telecom index is losing ground in Thursday’s trading session with major stocks in the index trading with the mixed sentiments. Stocks such as GTL Infrastructure is up 1.62%, Aksh Optifibre is up 1.27% and Tata Communications is up 0.98%, whereas stocks such as Tata Teleservices is down by 0.29%, Reliance Communications is down 0.15% from the BSE telecom index. 

Bharti Airtel is contributing nearly 50% to the BSE Telecom Index pulling it to its lows. The stock is down by 0.52%. Ujjivan and Shriram Transport, HIL, Reliance Capital, Maruti Suzuki, TVS Motor, Indiabulls Real Estate, Indiabulls Ventures, Biocon are trading cautiously ahead of their financial results on Thursday.

NBCC (India) hits record high >> Free Stock Tips Provider




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NBCC (India) hit a record high of Rs 201.75, up 4% on BSE in the otherwise range-bound market, after the company said it has initiated the process to dispose of the land and other immovable assets of sick central public sector enterprises (CPSEs). NBCC, the state-owned construction company, on September 19 last year had been nominated by the government as the land management agency (LMA) to dispose-off the land/immovable assets of the sick CPSEs. Accordingly NBCC has initiated the process and advertisement to this effect," the company said in a BSE filing.

Sensex at 30,000: Where are the markets headed? Experts decode >> CLICK NOW



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The S&P BSE Sensex etched a record and breezed past the 30,000 level on Wednesday, to settle at an all-time high of 30,133, up 0.6 percent or 190 points. On the other major bourse, the National Stock Exchange, the benchmark Nifty 50 index also closed at a new high, of 9,351, up 0.5 percent from its previous close.

From its recent closing low in December 2016, the S&P BSE Sensex has gained about 4,300 points or 17 percent. Globally, the top performing market. The rally in mid-caps and small caps has been even sharper, with the NSE’s mid-cap and small-cap indices surging nearly 32 percent and 36 percent, respectively, in this period. Realty, consumer durables, capital goods, banks and oil & gas, among the sectors, gained from 24 to 64 percent.

A Union Budget sans negative surprise, a gush of liquidity from foreign and domestic investors, the outcome of elections, domestic (Assembly polls) and abroad (in France), coupled with an earnings surprise from select index heavyweights in the March quarter, have been some of the key factors.

27 April 2017- Today's Indian Stock Market Update>> Must watch and grab Free Trials



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EQUITY

Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of the expiry of April futures & options contracts.

Benchmark Sensex closed above the 30,000-mark for the first time on Wednesday, while the Nifty too finished at a record high on sustained buying amid positive global cues.

The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month April 2017 series to May 2017 series. The near month April 2017 derivatives contract expires today, 27 April 2017.

GLOBAL MARKETS 

Asian shares were trading lower following the lower close on Wall Street as investors analyzed details of US President Donald Trump's highly-anticipated tax reform plans.

CURRENCY

The rupee opened stronger on Thursday at 64.05 to the dollar, up 6 paise from the previous close, tracking gains in global equity and currency markets and benefiting from a weakness in the greenback.

Strong custodial flows are pushing the rupee higher against the dollar may lead the USD-INR pair to trade between 63.90 and 64.20 for the rest of the day.

COMMODITY

Refined Gold prices gave up strength and declined by Rs 51 to end the trades at Rs 28763 per 10 grams. Transaction volumes picked up and there has been decreasing of long positions. Further extension of gains will take Gold towards Rs 29200 and 29300 per 10 grams. On the lower side, Rs 28700 per 10 grams will be support levels.

The prices of MCX Copper was static in a single session on 26 April 2017. The tormenting by bears halted Copper and the prices have now breached all important Rs 365 per kg levels and have been able to set Rs 370 per kg as next benchmark resistance.

STOCK ALERT

The initial public offer of textbook publisher S Chand and Company was subscribed 52 percent on the first day of bidding Wednesday.

Lupin fell nearly 2 percent in the opening on USFDA observations for Goa plant but recovered immediately.

Adani Ports rebounded 1.5 percent after losing 2 percent in the previous session.

Tata Motors gained momentum further, up over a percent ahead of April sales data due next week.

Axis Bank was down 2.47%. The bank's net profit dropped 43.13% to Rs 1225.10 crore on 4.33% rise in total income to Rs 14181.31 crore in Q4 March 2017 over Q4 March 2016.

Tata Sponge: Tata Sponge on Wednesday reported a 62 per cent rise in consolidated profit to Rs 21.20 crore for the quarter ended March 31, 2017.

Asian shares retreat from highs after Trump tax plan

Asian shares ticked down from a nearly two-year high on Thursday after a long-awaited US tax plan failed to inspire investors, though sentiment remains supported by global growth prospects and receding worries about political risks in Europe. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent after hitting its highest level since June 2015 on Wednesday. Japan's Nikkei dipped 0.3 percent.

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Indian ADRs: Tata Motors, Dr Reddy's Lab, HDFC Bank gain >> Free Stock Tips Provider


Indian ADRs ended higher on Wednesday. In the banking space, ICICI Bank added 0.16 percent at USD 8.53 and HDFC Bank rose 0.51 percent to USD 8.53. In the IT space, Infosys gained 0.11 percent at USD 14.54 and Wipro shed 0.09 percent at USD 9.69. In the other sectors, Tata Motors was up 0.48 percent at USD 34.66 and Dr. Reddy's Laboratories advanced 0.37 percent at USD 41.28.

Wall Street ticks lower as Trump tax priorities unveiled

US stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut. The proposal from the Trump administration slashes tax rates for businesses and on overseas corporate profits returned to the country. It offered no specifics on how it would be paid for without increasing the deficit.

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Indian Rupee opens stronger against USD at 64.05 as Dollar index falls

The Rupee opened stronger on Thursday at 64.05 to the Dollar, up 6 Paise from the previous close, tracking gains in global equity and currency markets and benefiting from a weakness in the greenback. “Global equity markets are continuing to rally reflecting risk-on sentiment. Asian currencies are also rallying on the back of the equity market rally. Grab your Two Days Free Trials click here >> http://www.ripplesadvisory.com/free-trial.php