Markets Get a Boost in Noon Session

Tue, 26 Apr Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

After trading in a range bound manner for most part of the morning trade, buying activity picked up in the post noon session amid strong European markets. While the BSE Sensex today closed higher by 328 points, the NSE-Nifty closed higher by 108 points. Midcaps and small caps too finished on a buoyant note. The S&P BSE Mid Cap index and the S&P BSE Small Cap index closed the day higher by 0.8% and 0.7% respectively. Gains were largely seen in banking, metal, and realty stocks.

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.61% and the Hang Seng rose 0.48%. The Nikkei 225 lost 0.49%. European markets are trading higher today with shares in London leading the region. The FTSE 100 is up 0.39%, while Germany's DAX is up 0.28% and France's CAC 40 is up 0.19%.

The rupee was trading at 66.73 against the US$ in the afternoon session. Oil prices were trading at US$ 42.93 at the time of writing.

Buying was seen across majority of the auto ancillary stocks with Exide Industries and Bosch Ltd leading the gains. Shares of Bharat Forge finished the trading day on an encouraging note (up 1.5%) after it was reported that the company has entered into a contract with Boeing for developing and manufacturing 777X titanium forgings. BFL has started supplying titanium forged flap tracks for the Boeing Next Generation 737 airplane earlier this year. BFL will also supply forgings for the 737 MAX, scheduled to enter service in 2017.

This second contract with Boeing brings to forefront BFL's capabilities in precision manufacturing techniques to offer high end technology and value in the aerospace sector Boeing and BFL continue to address opportunities to expand BFL work in support of Boeing and its supply chain partners around the world. The forgings will be developed and manufactured by BFL using a closed die forgings process.

Bharat Forge is the flagship company of the US$3 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, oil & gas, power, construction & mining, aerospace and rail & marine. The company had reported a 12% YoY and 15% YoY fall in sales and net profits (Subscription required) respectively for December 2015 quarter.

Moving on to news from the metal sector. According to an article in The Livemint, Aditya Birla Group's Hindalco Industries Ltd has agreed to accept a takeover bid from MetalsX Ltd for its Australian subsidiary Aditya Birla Minerals Ltd (ABML). Reportedly, MetalsX has offered to acquire 4.5 ABML shares in exchange of one fully paid ordinary share of MetalsX and A$0.8 in cash for every ABML share held.

Part of ABML's assets is the Nifty copper mine, which currently supplies 10% of the raw material required for Hindalco's copper smelter at Dahej in Gujarat. In September, ABML had sold its Mt Gordon copper mine for A$15 million, less than the A$21 million it paid for it in 2003. The script of Hindalco finished the day up 5% on the BSE.

On another note, global margins of aluminium companies have been under severe pressure due to concerns over Chinese aluminium exports and global meltdown in commodity prices (Subscription Required). Moreover, domestic aluminium companies are also struggling with higher fuel costs. Aluminium companies were forced to source coal from the open markets in the wake of cancellation of the captive coal blocks allotted to them by the Supreme Court last year. And price hikes taken to pass on the cost has further dented their competitiveness in the global markets. This has all been reflected in the weakening financial performance during the first half of FY16 (Subscription required). Also, in Budget 2016-17, the government has increased custom duty marginally on primary aluminum products to 7.5% from 5% and custom duty on other aluminum product increased from 7.5% to 10%.

Metals stocks finished on a strong note with Vedanta and Tata Steel leading the gains.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers