Today's Stock Cash Tips; Nifty Opens Above 8250 on Expiry Day

Bharti, SBI, Dr Reddy's Labs, GAIL and BHEL are top gainers. For more information visit www.marketmagnify.com/stock-cash-tips.php & give a missed call @ 78-79-88-11-22.

    The Indian rupee opened higher by 13 paise at 67.55 per dollar versus 67.68 Wednesday.

  The Sensex is up 221.86 points or 0.8 percent at 26962.25, and the Nifty up 62.55 points or 0.8 percent at 8266.55. About 1318 shares have advanced, 310 shares declined, and 67 shares are unchanged. BHEL, Tata Motors, NTPC, Hero MotoCorp and HUL are top gainers. GAIL is down.

      The cane price payable and arrears have been calculated on the basis of Fair and Remunerative Price (FRP), which is the minimum price, fixed by the Centre, to be paid to farmers. For the 2015-16 marketing year, FRP for sugarcane has been fixed at Rs 230 per quintal.

     In order to address time lag in agri-data, there is a need to use modern technologies like remote sensing, he said, adding that such technologies are now being promoted in his ministry for collecting horticulture data.
     Expenditure on air transport is negligible in rural areas while air transport accounts for 2.53 percent of all transport expenditures in urban areas.

      Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.

      Morgan Stanley is overweight on Hindalco Industries with a target price of Rs 147. The brokerage house believes improved cash flows from higher aluminium price and volume growth should drive deleveraging for the company.

Ola to invest Rs 350 crore in Haryana over 5 years

L&T Infotech IPO is set to open on July 11 and close on July 13. The company contributes about 8 percent of the consolidated revenue of the entire L&T business. CNBC-TV18's Kritika Saxena learns that this IPO kicks of a series of consolidations that the L&T group is looking at doing.  For more market news visit www.marketmagnify.com/stock-future-tips.php

& give a missed call @ 78-79-88-11-22.

       

  Tata Motors, ICICI Bank, Dr Reddy's Labs, L&T and Sun Pharma are top gainers while GAIL and HDFC Bank are losers in the Sensex.

      Gold slipped below USD 1320 an ounce as buyers cashed in gains from the biggest two-day rally in the metal since late 2008 made last week.

     The Indian rupee opened higher by 17 paise at 67.78 per dollar on Wednesday versus previous close 67.95.

     Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years, the company said today.

        The market breadth was positive as about four shares advanced for every share declining on Bombay Stock Exchange.  

        According to Angel Broking, Rupee is likely to trade sideways to positive as yesterday’s robust release of GDP and consumer confidence data from the US will keep the DX supported.

       Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.            The company has bought back 50,77,504 equity shares at an average price of Rs 3,090.92 per share. The company has thus deployed Rs 1,569.41 crore against the maximum buyback size, Dr Reddy's Laboratories said in a regulatory filing.

Berger Paints's Q1 results on August 03, 2016

The market has opened flat but the Nifty managed to scale 8100. The 50-share index is up 9.30 points at 8104 and the Sensex is up 7.59 points at 26410.55. About 573 shares have advanced, 164 shares declined, and 40 shares are unchanged. for more Stock Option Tips give a missed call @ 78-79-88-11-22.

     Bharti Airtel, Hero MotoCorp, Coal India, Asian Paints and BHEL are top gainers while Tata Motors, Wipro, ICICI Bank, Infosys and TCS are losers in the Sensex.

          Berger Paints India Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on August 03, 2016, inter alia, to consider and approve, the Unaudited Financial Results of the Company for the quarter ending on June 30, 2016 (Q1).

          The management is confident that after Reliance Jio launch, top three telecom companies overall market share may not get impacted benefitting by adding low-end subs although they may lose some high-end subscribers. Idea considers low-end customer to be profitable and does not see margin dilution from this subscribers base.

         "Gujarat Gas has accepted the authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, operate, build or expand city or local natural gas distribution network for Ahmedabad district (excluding area already authorised) in Gujarat on June 27," says the company in its filing.

        Share prices of Siemens gained nearly 2 percent intraday Tuesday as it has bagged an order worth Rs 570 crore. The company has won an order worth Rs 570 crore to supply static synchronous compensator (STATCOM) solutions to Power Grid Corporation of India .

        Bluechip Tex Industries Ltd has informed BSE that the 31st Annual General Meeting (AGM) of the Company will be held on July 16, 2016.

China Can Keep Growth Stable This Year & in The Long Term

ITC, Lupin, Tata Motors, Sun Pharma and Cipla are top gainers while Infosys, Asian Paints, TCS, Hero and NTPC are losers in the Sensex. For more update visit www.marketmagnify.com/stock-future-power.php & give a missed call 78-79-88-1-22.

    Brokerage house Deutsche Bank has trimmed its Sensex target to 27,000 from 29,000 earlier, citing global uncertainty in the wake of ‘Brexit.’
      Foreign investors have pulled out close to Rs 6,200 crore from the country's stock markets so far this month, taking the total outflow to more than Rs 11,500 crore in 2016.
        The initiatives include sourcing Indian coffee for the US market, introducing the Teavana brand of specialty teas in Indian stores, expanding the market of the Tata-owned mineral water brand Himalayan and skilling over 3,000 youths, the companies said.
       Share prices of Parag Milk Foods rose 4 percent intraday Monday on the back of better fourth quarter numbers. The company's Q4 (Jan-March) net profit increased by 49.6 percent at Rs 19.6 crore against Rs 13.1 crore, in the same quarter last fiscal.
      Equity benchmarks continued to see volatility in morning trade after investors digested Brexit in last Friday's trade. FMCG, infra, select banks and pharma stocks gained while technology, auto and metals stocks were under pressure.

       China is able to keep economic growth stable this year and in the long term, Premier Li Keqiang said on Monday. The country cannot ignore changes in the global economy as well as risks in the domestic economy, Li said during a speech at the World Economic Forum (WEF) in the northern city of Tianjin.

Asia Stocks Tumble as UK Referendum Polls Lean Towards Brexit

Brexit Live: Jayant Sinha says India haven of stability

 278 out of 382 areas vote 51.76 percent to leave and 48.24 percent to stay in European Union, which pushed FTSE futures lower by 7.8 percent at 5795.50.  For more live update visit www.marketmagnify.com/stock-cash-power.php & give missed call @ 78-79-88-11-22.

        The market has opended sharply lower.    The Sensex is down 940.07 points or 3.5 percent at 26062.15, and the Nifty down 287.70 points or 3.5 percent at 7982.75. About 57 shares have advanced, 1065 shares declined, and 18 shares are unchanged.

    A majority of British voters said that the United Kingdom should leave the European Union. Markets are moving wildly, and currencies are making big moves, but the actually political process will be much, much slower. 

     Tata Motors is down 10 percent. Tata Steel is down 8 percent, ICICI Bank, Maruti and Adani Ports are major losers. 

     The margin is tipping in favour of the leave camp. The leave camp leads with 15,061,847 votes against Remain's 14,040,003, says BBC. 

    Domestic investors are positive on India. Once the dust settles, our fundamentals will start asserting themselves, Prasad says. 

    Tata Motors hammered 10 percent as indices down 3 percent in early trade.