Sensex, Nifty ends in red; HDFC Bank soars nearly 3% post Q4

On Friday, Sensex, Nifty gave away their gains in second half of trading session. Sensex ends at 29,365.30 lower by 57 points or 0.19%, while Nifty closed at 9,119.40 down 17 points or 0.19%.

Credit Suisse continues its outperform rating on MindTree

Aviation stocks trading in momentum, constant buying witnessed.

HDFC Bank surpassed analysts estimates by reporting over 18% rise in standalone net profit for fourth quarter ended March 31, 2017 result.

The bank report net profit of Rs 3,990.09 crore, a rise of 18.25% compared to Rs 3,374.22 crore in the corresponding period of the previous year.

At 1409 hours, Shares of HDFC Bank on BSE was trading at Rs 1,484.80 per piece above Rs 22.85 or 1.56%.

Indian markets gave away all their early trade gains and tanked so much so that Nifty reached below 9,100-mark. 

At 1323 hours, Sensex was trading at 29,308.42 below 113.97 points or 0.39%, while Nifty was trading at 9,104.15 down 32 points or 0.35%. 

SGX Nifty currently trades at 9177 with the rise of 17 points.

RERA to be implemented from May 1,2017.

On both Sensex and Nifty, realty stocks saw most rally emerging as top gainer. 

S&P BSE Realty was trading at 1919.65 higher by 42 points or 2.29%. 

Almost all stocks were trading in green. Among top gainers was HDIL trading at Rs 93.95 per piece (4.68%), DLF at Rs 178.50 per piece (3.78%), Phoenix Mills Limited at Rs 413.65 per piece (2.80%), Prestige Estates Projects at Rs 250.15 per piece (2.35%), Unitech at Rs 5.93 per piece (2.07%) and Indiabulls Real Estate at Rs 143.60 per piece (1.77%). 

Oberoi Realty was sole loser on the index trading at Rs 395 per piece down 0.83%.

Indian Hotels on Friday said that it has filed a special leave petition before Supreme Court challenging the dismissal of the appeal against NMDC. 

In a NSE filing, Indian Hotels said, "The company had filed a special leave petition before Hon'ble Surpreme Court of India challenging the dismissal of the appeal against NMDC seeking to restrain NMDC from going ahead with public auction of Taj Mansingh Hotel to determine the market price of licence fee."

At 1107 hours, share price of Indian Hotel was trading at Rs 127.45 per piece on BSE, up 0.75%. 

A hearing in regards to e-auction of Taj had taken place before Supreme Court (SC) on Thursday. 

Indian Hotels said, "The SC has also recorded that after conclusion of e-auction, while deciding the party to whom operating license of the Taj will be granted, NMDC will take into account the blemish less record of Taj, it's capabilities etc. Notably, the company will be entitled to participate in the e-auction."

INR had an appreciation bias against USD on Friday. The rupee was trading at 64.608 above 0.087 paisa or 0.14% against dollar.

Shares of Max Financial Services sinked by nearly 4% as 1.3 crore equity shares changed hands in two block deals. 

At 9.57 am, stock price of Max Financial Service was trading at Rs 631.80 per piece on BSE, down Rs 18.75 or 2.88%. 

In a BSE filing on Thursday, the company said that  shareholders seeks about $94 million in share sale at floor price of Rs 607 per share. 

Top gainers on BSE involved Reliance Industries trading at Rs 1,390.30 per piece up 1.53%, followed by Gail India at Rs 407 per piece (1.22%), Hindustan Unilever at Rs 923.50 per piece (0.81%), Axis Bank at Rs 491.75 per piece (0.78%) and NTPC at Rs 164.95 per piece (0.70%). 

Losers category involved Sun Pharma at Rs 643 per piece (1.84%), followed by Cipla at Rs 571.15 per piece (0.49%), Mahindra & Mahindra at Rs 1,268 per piece (0.49%), TCS at Rs 2,318 per piece (0.44%) and Power Grid at Rs 208.05 per piece (0.46%).

Indian markets open in green with Nifty earmarking above 9,170-mark. 

At 9.24 am, Sensex was trading at 29,488.38 higher by 65 points or 0.23%, while Nifty 50 was trading at  9,170.50 above 34 points or 0.37%.

Analysts at HDFC Securities said, "Our markets are likely to do well in the morning, opening sharply higher and then building on those gains. A strong Friday close will make the markets healthier. We have seen the supply emerging near 9250 levels in nifty in past few sessions and that is the key level to watch for the bulls."

They added, "We are betting on sectors like FMCG and Pharmaceuticals among others to lead the rally from here on." 

Stocks that will be in focus are: 

HDFC Bank: The bank will be announcing its fourth quarter ended March 31, 2017 result on Friday. Share price of HDFC Bank closed at Rs 1,462.50 per piece on BSE, up Rs 15 or 1.07% on Thursday. 

Also Read: HDFC Bank Q4 result: Here's what analysts expect its net profit will be

Aviation Stocks will be in focus as passengers carried by domestic airlines during the month of March was higher than the same period last year registering a growth of 18.59%.

“During Jan-March 2017 were 272.79 lakhs as against 230.03 lakhs during the corresponding period of previous year thereby registering a growth of 18.59%,” DGCA report said on Thursday.

Wipro: The company has shown the door to about 600 employees, while speculation was rife that the number could go as high as 2,000, reported in PTI. Also investors will be cautious in the stock as Wipro will be presenting its Q4FY17 result on April 25, 2017. The company's peers Infosys and TCS have disappointed the market by reporting muted growth in Q4. 

Hindustan Zinz: The company posted a 42.3% in net profit to Rs 3,056.96 crore in Q4 compared to net profit of Rs 2,147.22 crore in the year-ago quarter, on the back of higher production and sale of mined metal.

Mindtree: The company witnessed a 27% drop in net profit in Q4 at Rs 97.2 crore marking the fourth consecutive quarterly profit decline.

Max Financial: In a BSE filing on Thursday, the company said that  shareholders seeks about $94 million in share sale at floor price of Rs 607 per share. 

Stocks of companies like ACC, Amal Limited, Fab Bearing India Limited, Shree digvijay Cement Co.Ltd, Soma Papers & Industries Limited, Tata Metaliks, Tinplate Company of India Limited and Walchand Peoplefirst Limited will also be in focus ahead of their Q4 result. 

Asian markets opened in green on Friday after when US stocks and European stocks performed well on Thursday shrugging off geopolitical tensions.

A Reuters report said,"U.S. stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. While stocks on major markets rose along with the euro as a market-friendly presidential candidate led in opinion polls ahead of elections in France on Sunday."

Japan's Nikkei 225 was above 159.32 points or 0.86% trading at 18,589.81. While Hong Kong's Hang Seng climbed over 64.95 points or 0.27% trading 24,121.93. 

Austrailia shares were up 42.40 points or 0.72% trading at 5,896.80 and that of Taiwan shares jumped 68.23 points or 0.71% trading 9,700.92. 

China's Shanghai SE Composite Index was trading flat at 3,173.69.