Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Major headlines:

·         Key Indian equity indices trade flat during early session

·         Gold prices firm as dollar dips ahead of Fed rate decision

·         Asia resigned to Fed hike, uptight on rate outlook

Indian Indices:  Asian markets opened flat as the overnight cues continued to be bullish with the Dow Jones nearing 20000.The strength in bonds, US$ & strong ETF flows are seeing huge inflows into the US which is heralding a period of growth with capex expansion & strong infrastructure spending. Emerging markets are also facing the brunt of redemptions as short term money chases faster returns in the US.

Nifty also saw a smart comeback recouping 8200 with ease. The pessimism over the Federal Reserve rate hike will last till tomorrow & with the event over we could see another bout of value buying coupled with short covering to drive the Nifty above 8300.For today expect IT stocks to bounce back after positive guidance by Mindtree saw huge short covering in the previous session. 

The BSE Sensex is currently trading at 26649.55, down by 48.27 points or 0.18% after trading in a range of 26624.66 and 26736.34. There were 11 stocks advancing against 19 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.02%, while Small cap index was up by 0.19%. The CNX Nifty is currently trading at 8196.45, down by 25.35 points or 0.31% after trading in a range of 8192.00 and 8229.40. There were 14 stocks advancing against 37 stocks declining on the index.

Technical view:     Nifty found strong support @ 8150, while 8260-8280 will act as strong resistance. Bank Nifty also bounced back from 18300 levels which will act as support while 18700 will act as resistance.

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1074:949, while 116 scrips remained unchanged.

Trading ideas :       MINDTREE (Buy above Rs 494 for target of Rs 508, SL at Rs 487): Stock has witnessed a classic cup and handle pattern breakout in yesterday's trade. Mindtree also managed to close above 485 levels which has been acting as stiff resistance. In addition, the current up move has also been accompanied with credible volumes. We advise to Buy MINDTREE above Rs 494, stop loss at Rs 487, and Target of Rs 508.

Macroeconomic Front:   Rating Agency ICRA has said that with consumption being affected by the demonetisation of higher currency old notes, tax revenues of the state governments for the current financial year is likely to be weaker than budgeted. The Centre on November 8 had announced to withdraw legal tender character of the old Rs 500 and Rs 1,000 notes.

Corporate Snippets: An exhaustive inseption of drug maker Sun Pharma’s manufacturing facililty at Halol by the US FDA pointed to inadequately designed testing programs to assess the stability characteristics of drugs besides faulting accuracy of test methods used at the site.

Jubilant FoodWorks which operates Domino’s Pizza in India, said it will offer cashless payment option to all its customers on home deliveries.

Wockhardt said the UK health regulator has confirmed that its Daman based manufacturing facility complies with good manufacturing practices.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Realty up by 1.50%, Consumer Durables up by 0.39%, Oil & Gas up by 0.35%, Power up by 0.15% and IT up by 0.13%, while Metal down by 0.71%, PSU down by 0.47%, Auto down by 0.43%, Capital Goods down by 0.39% and Bankex down by 0.30% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Reliance Industries up by 1.82%, Axis Bank up by 1.27%, Tata Power up by 1.16%, Asian Paints up by 0.96% and NTPC up by 0.91%.  On the flip side, Coal India down by 3.20%, Aurobindo Pharma down by 2.35%, ACC down by 1.52%, Bosch down by 1.47% and HDFC down by 1.34% were the top losers.

On the global front:       On the global front, Asian shares were trading mostly in green, ahead of critical meeting by the US Federal Reserve, which is widely expected to raise interest rates. Japan’s Nikkei was trading flat in green, led by financial and energy stocks. The Bank of Japan quarterly tankan survey showed that sentiment among big manufacturers rose to plus 10 over the three months to December from plus 6 in the previous quarter.

Global Signals:    The Asian markets were trading mostly in green; KOSPI Index increased 0.48 points or 0.02% to 2,036.46, Shanghai Composite increased 0.57 points or 0.02% to 3,155.61, Nikkei 225 increased 22.97 points or 0.12% to 19,273.49 and Hang Seng increased 147.65 points or 0.66% to 22,594.35. On the other hand, Taiwan Weighted decreased 11.16 points or 0.12% to 9,370.98, Jakarta Composite decreased 8.4 points or 0.16% to 5,285.22 and FTSE Bursa Malaysia KLCI decreased 3.78 points or 0.23% to 1,641.50.

Major headlines:

·         Oil prices stable supported as output cuts hit market

·         Global and domestic cues subdue Indian equities

·         ADB trims India’s 2016 growth forecast to 7.0 percent

Indian Indices:  Asian markets opened flat after a weak start to the week saw most indices close in the red on Monday. The sharp rally in crude combined with US 10 year bond yields crossing 2.5% saw weakness again creep up in the emerging markets basket. The Dow Jones continues its unprecedented rally as money chases US stocks, ETF"s & bonds.

Nifty could consolidate ahead of the Federal Policy tomorrow night as low volumes yesterday saw impact cost expand which accentuated the selloff. Fresh adventurous shorts were behind the selloff as foreign flows were muted which explains the low volume. The surprise Tata Motors open offer @ 10% premium will catch most shorts off guard which could see other Tata group stocks also rise in tandem. 

The BSE Sensex is currently trading at 26567.89, up by 52.65 points or 0.20% after trading in a range of 26494.23 and 26611.81. There were 19 stocks advancing against 11 stocks declining on the index. The broader indices were trading mixed; the BSE Mid cap index was down by 0.31%, while Small cap index was up by 0.08%. The CNX Nifty is currently trading at 8176.40, up by 5.60 points or 0.07% after trading in a range of 8155.80 and 8200.95. There were 25 stocks advancing against 26 stocks declining on the index.

Technical view:    Nifty broke the 200 dma(day moving average) @ 8202 which will act as resistance while 8150 will act as support. Bank Nifty also broke below important supports & will find fresh support around 18250 while 18618 the 21 dma will act as resistance.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 930:1091, while 113 scrips remained unchanged.

Trading ideas :      BPCL Dec Fut (Sell below Rs 615  for Target of Rs 595 , SL at Rs 625): The stock reversed from the declining trend line which also coincided with the 50 day moving average. The stock has further slipped below its 100-DMA too indicating weakness in the current move. Other momentum oscillators are also showing signs of down tick in prices. We expect BPCL to move lower towards potential target of Rs595.

Macroeconomic Front:    Hopes of meeting the Centre's targeted GST implementation deadline of April 1, 2017, receded further in a situation of political confrontation unleashed by its demonetisation measure after the two-day meeting of the GST Council scheduled to end on Monday being cut short half-way.

Corporate Snippets: Tata Motors said it will hike the prices of its passenger vehicles by up to Rs 25000 from next month in order to offset the increased input costs.

Natco Pharma has launched generic Tamiflu capsules, used for the treatment of influenza, in the Ameerica market after the final nod from the US health regulator in Aug 2016.

Alkem Laboratories said the US health regulator has issued three obervations after inspection of the company’s API facility at Ankleshwar in Gujrat.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Consumer Durables up by 1.06%, Auto up by 0.85%, Oil & Gas up by 0.78%, FMCG up by 0.33% and PSU up by 0.14%, while Metal down by 1.07%, Realty down by 0.36%, Bankex down by 0.23%, TECK down by 0.19% and IT down by 0.14% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Tata Motors up by 2.26%, BPCL up by 1.97%, Wipro up by 1.80%, Tata Motors - DVR up by 1.73% and Idea Cellular up by 1.39%.  On the flip side, Hindalco down by 2.86%, Zee Entertainment down by 2.69%, Grasim Industries down by 1.66%, Lupin down by 1.61% and Ultratech Cement down by 1.34% were the top losers.

On the global front:       On the global front, Asian shares were trading mostly in green, as investors awaited the looming outcome of the Federal Reserve’s rates review, with all eyes on how the Fed steers monetary policy in the wake of Republican Donald Trump's surprise election win last month. Chinese data showed factory output and retail sales grew faster than expected in November, while fixed-asset investment was in-line with forecasts, adding to growing signs of stabilization in the world’s second-biggest economy.

Global Signals:    The Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 1.59 points or 0.1% to 1,643.01, KOSPI Index increased 2.85 points or 0.14% to 2,030.09, Taiwan Weighted increased 17.63 points or 0.19% to 9,367.57 and Nikkei 225 increased 50.08 points or 0.26% to 19,205.11. On the other hand, Hang Seng decreased 82.71 points or 0.36% to 22,350.31, Jakarta Composite decreased 42.98 points or 0.81% to 5,265.15 and Shanghai Composite decreased 20.33 points or 0.64% to 3,132.64.

Major headlines:

·         JP Power posts Q2 net loss at Rs 161.67 cr

·         Key Indian equity indices open in red

·         Oil prices soar on global producer deal to cut crude output.

Indian Indices:  Asian markets opened in the green after the Dow Jones ran up another fresh high with a stellar 140 point gain on Friday. The Dow rally from 19000 upwards has been very fast & furious & the Federal Reserve policy meet could be the speed breaker this week.Oil rallied above US$ 50 as speculation saw huge long build up with 60 being the target in the short term.

Nifty looks set to hit 8300 where it could pause for breath as the rally catches most of guard.PSU banks, energy & gas stocks continue to surge on expectations of good results. The strength in the Rupee coupled with foreign investors turning buyers could see the rally extend till 8500 albeit after a pause for the Federal Reserve policy on the 14th December.

The BSE Sensex is currently trading at 26606.87, down by 140.31 points or 0.52% after trading in a range of 26578.63 and 26725.31. There were 9 stocks advancing against 21 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.56%, while Small cap index was lower by 0.20%. The CNX Nifty is currently trading at 8210.45, down by 51.30 points or 0.62% after trading in a range of 8195.55 and 8230.65. There were 12 stocks advancing against 39 stocks declining on the index.

Technical view:    Nifty will find resistance around 8350 while 8180 acts as strong support, while Bank nifty could face resistance around 19000 with 18500 acting as support.

Market Sentiment:

The market breadth on BSE was negative in the ratio of 930:1091, while 113 scrips remained unchanged.

Trading ideas :      Cairn India (Buy above Rs 265  for Target of Rs 274 , SL at Rs 260.5): The stock has broken out from a short term consolidation phase. Cairn saw see-saw movement between Rs260 and Rs223 in the past four weeks. However, the stock has broken out from this congestion. The price outburst is accompanied with credible trading volumes. Given the above evidence, we advise to Buy Cairn India for potential target of Rs274.

Macroeconomic Front:    Madhya Pradesh Government has said that it has settled and disbursed claims worth Rs 4,416 crore under the Prime Minister's Crop Insurance Scheme in the state. As per reports, Prime Minister Narendra Modi had launched the scheme at Sherpur in Sehore district of Madhya Pradesh during the Farmers' Convention held on February 18, 2016

Corporate Snippets:

JSW Energy is believed to have intiated talks for a possible acquisition of Monnet Power’s 1050 mw coal fired plant in Odisa at Angul, Close to the site of another Group company.

IL&FS Engineering and Construction co has emerged as the lowest bidder for rural electrification works of Jharkhand Biijli Vitran Nigam, Ranchi worth Rs 2.25 bn.

MIC Electonics Ltd has received a letter of award for supply of 20000 standalone off grid solar LED street lights with a contract price of Rs 329 mn.

Top Sectoral& Stock Screening:  The two gaining sectoral indices on the BSE were Metal up by 0.30% and PSU up by 0.24%, while Auto down by 1.17%, TECK down by 0.89%, IT down by 0.88%, FMCG down by 0.77% and Bankex down by 0.68% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were ONGC up by 1.66%, Reliance Industries up by 1.01%, Sun Pharma up by 0.82%, NTPC up by 0.58% and SBI up by 0.47%.  On the flip side, Asian Paints down by 2.29%, Idea Cellular down by 2.02%, Bajaj Auto down by 1.89%, Ambuja Cement down by 1.87% and Grasim Industries down by 1.80% were the top losers.

On the global front:       On the global front, Asian shares were trading mostly in red, ahead of a Federal Reserve meeting that is widely expected to raise US interest rates and as oil prices soared after producers agreed to reduce output. Japan’s Nikkei rose amid weakness in the Japanese Yen. Japan’s Core Machinery Orders rose to 4.1% in November, from -3.3% in the preceding month.

Global Signals:    The Asian markets were trading mostly in red; Hang Seng decreased 243 points or 1.07% to 22,517.98, Shanghai Composite decreased 60.93 points or 1.88% to 3,171.96 and Taiwan Weighted decreased 43.86 points or 0.47% to 9,348.82. On the other hand, KOSPI Index increased 2.46 points or 0.12% to 2,027.15 and Nikkei 225 increased 180.4 points or 0.95% to 19,176.77.Indonesia Stock Exchange and Malaysia Stock Exchange were closed for the day on account of ‘Celebration of the Prophet birthday’ holiday.

Major headlines:

·         Japan’s big manufacturers mood improves as companies cut capex

·         China November producer prices rise at fastest pace in 5 years as commodities climb.

·         Gold extend losses on stronger dollar, possible Fed rate hike

Indian Indices:  Asian markets opened flat after a super week which has seen gains across the board for most Asian indices. The developed markets are leading the winners with US, Japan & German indices seeing fresh new highs. Base Metals, Commodities & Bonds all three rising indicating the expectations of rising growth being the driver for equities in 2017.

Nifty scaled 8250 with ease as foreign buying coupled with short covering saw gains across the board. Rupee strength along with bond yields stabilising also saw sentiment get a boost as foreign buying resumed in December after the big selloff in November. For today expect mid caps to lead the gains as participation gathers momentum. 

The BSE Sensex is currently trading at 26765.17, up by 70.89 points or 0.27% after trading in a range of 26707.81 and 26803.26. There were 17 stocks advancing against 13 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.20%, while Small cap index was up by 0.60%. The CNX Nifty is currently trading at 8260.10, up by 13.25 points or 0.16% after trading in a range of 8241.95 and 8271.90. There were 28 stocks advancing against 23 stocks declining on the index.

Technical view:   Nifty will attempt 8300 with 8330 being a strong resistance while 8180 acts as strong support. Bank Nifty also finds support around 18350 while 18750 will act as resistance.

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1470:603, while 103 scrips remained unchanged.

Trading ideas :     Coromandel Intl (Buy above Rs 272  for Target of Rs 285 , SL at Rs 266): The stock has been consolidating for over a month, during this phase Coromandel formed a cup and handle pattern which is bullish in nature. The stock rallied over 4% on Wednesday and is finally on the verge of breaking past the neckline of the bullish pattern. Trading volume has also shown credible uptick indicating strenght in the current up move. The projection of the structure suggests a conservative potential target of Rs285.

Macroeconomic Front:   The Indian Government has said that it has already infused funds to the tune of Rs 23,993 crore in the National flag carrier Air India from 2011-12 till November this year. As per reports, Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.

Corporate Snippets:

Oil and Natural Gas Corporation is seeking a 15- year extention of its licence to operate an oil block in Sudan after the intial contract expired last month.

Cipla has received final approval from the American health regular to market Entecavir tablets used for treatment of Hepatitis B infection.

Bharti Airtel unveiled unlimited voice calls and more 4G data under a new plan, to take on rival Reliance Jio that recently extended its free services.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were IT up by 1.12%, TECK up by 0.89%, Consumer Durables up by 0.80%, FMCG up by 0.61% and PSU up by 0.40%, while Metal down by 0.21% and Auto down by 0.08% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Zee Entertainment up by 2.20%, Bank of Baroda up by 1.86%, Tech Mahindra up by 1.74%, SBI up by 1.56% and Infosys up by 1.50%.  On the flip side, Bharti Infratel down by 2.26%, Bajaj Auto down by 1.93%, Coal India down by 1.39%, HDFC down by 1.29% and Bosch down by 1.18% were the top losers.

On the global front:       On the global front, Asian shares were trading mostly in red, while Japanese stocks rose to their highest level in a year supported by Wall Street gains and solid buying of exporters on the back of a weaker yen.

Global Signals:    The Asian markets were trading mostly in red; Hang Seng decreased 91.21 points or 0.4% to 22,770.63, Jakarta Composite decreased 14.58 points or 0.27% to 5,289.16, KOSPI Index decreased 6.15 points or 0.3% to 2,024.92 and FTSE Bursa Malaysia KLCI decreased 4.24 points or 0.26% to 1,639.51. On the other hand, Taiwan Weighted increased 5.94 points or 0.06% to 9,381.80, Shanghai Composite increased 25.12 points or 0.78% to 3,240.49 and Nikkei 225 increased 212.93 points or 1.13% to 18,978.40.

Major headlines:

·         Trump claims $50 billion SoftBank investment due to his election win

·         Equities markets open flat ahead of RBI monetary policy review

·         Petrol, diesel prices likely to rise in next 3-4 months

Indian Indices:  Asian markets traded in the green after the Dow Jones hit another high. Weakness in oil & gold saw money chase financials as most European indices hit fresh 2 month highs. The ECB meet on Thursday could further add fuel to the fire with expectations of further bond buying on the cards.

Nifty is set to discount the RBI policy today with a 25 basis rate cut built in. The moot question would be the CRR limit being relaxed which will see banks cut rates aggressively. With lower cost of borrowing corporate India would see better performance on the bottom lines which should over the next 6 months show better profit realisations. For today expect any fall to be bought into as foreign selling also has abated.

The BSE Sensex is currently trading at 26437.07, up by 44.31 points or 0.17% after trading in a range of 26408.77 and 26469.93. There were 22 stocks advancing against 8 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.29%, while Small cap index was up by 0.26%. The CNX Nifty is currently trading at 8158.65, up by 15.50 points or 0.19% after trading in a range of 8149.90 and 8170.70. There were 34 stocks advancing against 17 stocks declining on the index.

Technical view:   Nifty finds very strong support around 8120 while 8230 will act as resistance. Bank Nifty also finds support around 18250 while 18600 will act as resistance.

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1470:603, while 103 scrips remained unchanged.

Trading ideas :     ITC reported good set of numbers in 2QFY17 with its net sales growing by 9.6% yoy to Rs95.4bn and net profit rising by 10.5% yoy to Rs25bn. Volume in cigarettes business is estimated to have grown by 4% in 2QFY17 compared to 2% growth in 1Q FY17, led by strong growth in DSFT cigarettes. Segmental EBIT margins improved 40bps to 37.7% of sales, which is impressive considering the deterioration in product-mix towards DSFT cigarettes.

Macroeconomic Front:   Fitch Ratings has said that there is scope for monetary easing in India as retail inflation is holding below the 5 per cent target. Commenting on the issue, a Fitch Official told the media, “India's growth outlook remains strong on the back of infrastructure spending and the implementation of ambitious reform agenda.” "Further monetary easing is likely, for instance, in India, where inflation of 4.2 per cent in October 2016 was below the intermediate target of 5 per cent by March 2017 and within the medium-term target range of 4 per cent (+/-) 2 per cent," he added.

Corporate Snippets:

JM Financial subsidiary has completed acquition of 24.5% stake in India Home Loan on a preferential allotment basis.

Sudan is holding up extension to ONGC Videsh’s licence over oil field as the government seeks higher royalties, tax and profit petroleum even as it deleys paying nearly USD 300 mn in Oil dues

Lupin has received tentative approval for its generic version of Diclofenac capsules, used in pain management of osteoarthritis from US health regular USFDA.

Top Sectoral& Stock Screening:      The top gaining sectoral indices on the BSE were Oil & Gas up by 1.05%, PSU up by 0.98%, Realty up by 0.71%, Auto up by 0.63% and Power up by 0.50%, while IT down by 0.30%, TECK down by 0.13% and FMCG down by 0.04% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Idea Cellular up by 2.62%, BPCL up by 2.01%, Adani Ports & Special Economic Zone up by 1.86%, Eicher Motors up by 1.79% and Bharti Airtel up by 1.40%. On the flip side, Sun Pharma down by 4.16%, Zee Entertainment down by 1.99%, Aurobindo Pharma down by 1.05%, HCL Tech down by 0.77% and Tech Mahindra down by 0.60% were the top losers.

On the global front:       On the global front, Asian shares were trading mostly in green, tracking the positive cues overnight from Wall Street. The yuan fell against the dollar Wednesday after the People’s Bank of China set a weaker fixing at 6.8808.

Global Signals:    The Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 2.74 points or 0.17% to 1,632.47, Shanghai Composite increased 7.12 points or 0.22% to 3,206.77, Taiwan Weighted increased 8.95 points or 0.1% to 9,259.72, Hang Seng increased 67.6 points or 0.3% to 22,742.75 and Nikkei 225 increased 103.34 points or 0.56% to 18,463.88.

Major headlines:

·         Preview- China November data to show steady growth, but yuan, capital controls a worry.

·         A shy actress who became queen of Tamil nadu

·         Tata Power SED bags order for Pinaka missile systems

Indian Indices:  Indian equity benchmarks continued their firm trade in late morning session taking cues from regional counterparts as most Asian markets jumped in early trade following an overnight rise in US stocks. The rupee strengthened against the US dollar in early trade at the interbank foreign exchange on increased selling of the greenback by exporters and banks amid higher opening in the domestic equity market. Forex dealers attributed the weakness of the dollar against other currencies to investors viewing the recent spurt of the greenback as unsubstantiated which supported the rupee. Prime Minister Narendra Modi stated that India’s economy is expected to grow five folds by 2040, the government expects growth in manufacturing, transport, civil aviation among other sectors. Modi said while global economy is going through uncertainty, India has shown tremendous resilience. Indian economy is more stable than others with investment in India at the highest levels.

The BSE Sensex is currently trading at 26452.56, up by 103.46 points or 0.39% after trading in a range of 26393.99 and 26490.42. There were 20 stocks advancing against 10 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.68%, while Small cap index was up by 0.75%. The CNX Nifty is currently trading at 8158.80, up by 30.05 points or 0.37% after trading in a range of 8148.50 and 8174.05. There were 36 stocks advancing against 15 stocks declining on the index.

Technical view:  Nifty finds support around 8050 while 8150 acts as resistance & for Bank Nifty 18143 continues to be the key as support while 18550 now acts as key resistance.

Market Sentiment:

The market breadth on BSE was positive in the ratio of 1470:603, while 103 scrips remained unchanged.

Trading ideas :     ITC reported good set of numbers in 2QFY17 with its net sales growing by 9.6% yoy to Rs95.4bn and net profit rising by 10.5% yoy to Rs25bn. Volume in cigarettes business is estimated to have grown by 4% in 2QFY17 compared to 2% growth in 1Q FY17, led by strong growth in DSFT cigarettes. Segmental EBIT margins improved 40bps to 37.7% of sales, which is impressive considering the deterioration in product-mix towards DSFT cigarettes.

Macroeconomic Front:  The Indian Government has said that State-run Energy Efficiency Services Ltd (EESL) will distribute LED tube lights at Rs 230 per unit to consumers through discoms and other marketing channels. At present, the retail price of LED tube lights of 20 W ranges between Rs 700-800 per unit. The consumers would get these lights at one-fourth of the market price and that too without any subsidy. Commenting on the issue, Power Minister Piyush Goyal told the media.

Corporate Snippets:

TATA POWER : The order worth over Rs 200 crore is for 20 launchers and 8 command posts, said a company release.

Jet Airways on Monday announced a four-day fare sale starting at Rs 899 on select sectors across its domestic network.

Yes Bank on Monday announced a partnership with cab aggregator Ola to set up mobile ATMs and enable convenient cash withdrawals by swiping debit cards from any bank.

Top Sectoral& Stock Screening:      The top gaining sectoral indices on the BSE were Realty up by 1.46%, Oil & Gas up by 1.08%, IT up by 0.94%, Power up by 0.92% and TECK up by 0.85%, while FMCG down by 0.66%, Consumer Durables down by 0.10% and Bankex down by 0.03% were the losing indices on BSE.

Nifty Movers:   The top gainers on Nifty were Tata Power up by 2.67%, HDFC up by 2.36%, Zee Entertainment up by 1.91%, GAIL India up by 1.88% and Idea Cellular up by 1.58%. On the flip side, ITC down by 1.25%, Eicher Motors down by 1.03%, Hindustan Unilever down by 0.82%, Axis Bank down by 0.80% and Asian Paints down by 0.67% were the top losers.

On the global front:       On the global front, Asian shares were trading in green, as sentiment was boosted after rating agency Standard & Poor’s said the outcome of Italian referendum would not have an immediate impact on Italy's creditworthiness.

Global Signals:    The Asian markets were trading in green; Shanghai Composite increased 0.42 points or 0.01% to 3,205.13, FTSE Bursa Malaysia KLCI increased 3.57 points or 0.22% to 1,628.54, Jakarta Composite increased 4.93 points or 0.09% to 5,273.24, KOSPI Index increased 29.02 points or 1.48% to 1,992.38, Nikkei 225 increased 86.34 points or 0.47% to 18,361.33, Taiwan Weighted increased 98.62 points or 1.08% to 9,259.28 and Hang Seng increased 157.98 points or 0.7% to 22,663.53.