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Hike in foreign shareholding in bourses to help MCX, BSE & NSE. For more market update visit & www.marketmagnify.com/stock-future-tips.php give a missed a call @ 78-79-88-11-22. 

         Earlier this week, the Union Cabinet increased the foreign shareholding limit in Indian stock exchanges, a depository, a banking company, an insurance company and a commodity derivative exchange from 5 per cent to 15 per cent in a bid to attract overseas investment and expertise.

              The NDA government has liberalised the foreign investment limit in a host of sectors such as defence, civil aviation and pharmaceuticals in a major reform overdrive.

The approval to raising of investment limits for foreign entities to 15 per cent is in pursuance of the implementation of the 2016-17 Budget announcement made by Finance Minister Arun Jaitley.

        As per the new policy, foreign portfolio investors (FPI) can acquire shares through initial allotment in stock exchanges, besides the secondary market route.

This move is expected to benefit potential investors of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), which have plans to go public with initial public offerings (IPOs).
           BSE has already received in-principle approval from the capital market regulator Sebi for its IPO to raise Rs 1,300 crore by selling up to 30 per cent stake. Domestic commodity exchanges such as Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX) will also get a fresh leg-up.

Stock Market Live News

PNB Q1 profit tanks 57%; NPA nearly 14%, slippages at Rs 7533 cr. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

     Public sector lender Punjab National Bank 's (PNB) first quarter profit plunged by 57.5 percent to Rs 306.4 crore on yearly basis but the fall was much less compared to analysts' expectations. Higher other income and lower tax cost supported profits Provisions for bad loans jumped 51.2 percent to Rs 2,738.4 crore in the quarter ended June 2016 compared with year-ago period but declined sharply 74 percent from Rs 10,485.2 crore in preceding period. 

• The 50-share NSE Nifty started off August series on a flat note. The Sensex was down 10.22 points at 28198.40 and the Nifty declined 2.75 points at 8663.55.  

• Axis Bank, L&T, Tata Steel, Adani Ports, Coal India, Eicher Motors, Bosch, Tata Power and Tata Steel were early gainers while BHEL, ICICI Bank, Bharti Airtel, NTPC, SBI, Bharti Infratel and ACC were losers.
• The Indian rupee opened flat at 67.04 per dollar against previous close 67.04
• E-commerce can create 12 mn jobs in a decade: HSBC
• In the coming decade the country needs to create 80 million jobs and as per a report by HSBC it might fall short by 24 million if business and economic growth is as usual.

Free Indian Stock Market Tips

Sensex, Nifty open marginally higher; Bharti, Idea top gainers. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• Equity benchmarks started off Thursday's trade with marginal gains as the Sensex gained 80.69 points at 28105.02 and the Nifty rose 21 points to 8636.80.
• Bharti Airtel topped the buying list among Sensex 30 stocks, up over 2 percent after better-than-expected consolidated earnings in Q1.
• ICICI Bank, Maruti Suzuki and Adani Ports gained 1 percent each while Infosys, NTPC were losers.
• The Indian rupee opened higher by 8 paise at 67.06 per dollar versus 67.14 Wednesday.
• Asian Paints also reacted positively to better-than-expected earnings in June quarter, up nearly 2 percent.
• Results today: PNB , Eicher Motors , Syndicate Bank, Adlabs Entertainment, Blue Dart, Ceat, Dish TV, Escorts, Excel Crop Care, Shriram City Union, GSK Pharma, Gujarat Alkalis, HCC, Hexaware, Muthoot Finance, Redington, TNPL, Sintex, Somany Ceramics, Supreme Industries, Tree House

Indian Stock Market News Today

Sensex, Nifty may remain cautious; HDFC, Bajaj Auto Q1 in focus. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• Earnings to watch out today are Asian Paints, HDFC, Bajaj Auto, Bharti Airtel, YES Bank, Dabur, Torrent Pharma and Shriram Transport Finance.
• Sebi orders attachment of bank, demat a/c of Pinnacle Ventures. Markets regulator Sebi has ordered attachment of bank and demat accounts of Pinnacle Ventures India and its eight directors as part of steps to recover dues of Rs 3.85 crore. The dues include fine imposed on the firm along with interest, charges, expenses and other costs for violation of norms.
• Tesla's Musk sees 'modest' capital raise for next strategic turn. Musk's comments during a media open house at Tesla's sprawling, battery "gigafactory" outside Reno, Nevada, come at a time when the automaker is losing money and dealing with investigations into a crash that killed a driver using its Autopilot driving-assist software.
• China June industrial profits up but investment challenges grow. Profits in June rose to 616.31 billion yuan (USD 92.40 billion), the statistics bureau said on Wednesday. Profits in the mining sector fell 83.6 percent in the first half from a year earlier, the National Bureau of Statistics (NBS) said.
• After consolidation, equity benchmarks extended losses in late trade Tuesday on profit booking, especially after June quarter earnings. The 30-share BSE Sensex was down 118.82 points at 27976.52 and the 50-share NSE Nifty dropped 45 points to 8590.65. About 1659 shares declined against 1040 advancing shares on the Bombay Stock Exchange.

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Nifty opens above 8600, Sensex firm; GAIL, Cipla, BHEL gainers. For more information visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22.

•  The market has opened flat on Tuesday with the Nifty holding 8600. The 50-share index is down 1.90 points at 8633.75 and the Sensex is up 25.61 points at 28120.95. About 264 shares have advanced, 75 shares declined, and 21 shares are unchanged. 
• GAIL, Cipla, Tata Steel, BHEL and ONGC are top gainers while HDFC, Lupin, ICICI Bank, Dr Reddy's and Axis Bank are losers in the Sensex.
• The Indian rupee opened marginally lower at 67.41 per dollar against previous close 67.35.
•  The Nifty50 was trading above its crucial level of 8,600 supported by gains in realty, power, oil & gas, metal, consumer durable, and telecom stocks. 
• Low cotton prices, energy costs boosted Q1 margins: KG Denim KG Denim reported a strong first quarter with margins improving to 15.2 percent and net profit rising to Rs 9.3 crore as against Rs 1.6 crore year-on-year. Lower cotton prices and better energy costs aided margin expansion in the first quarter of FY17, says B Sriramulu, Managing Director of KG Denim. Volumes for the company grew at near 3 percent levels in Q1
•  Essar expands capacity at Hazira Port with Rs 800cr investment The company is investing Rs 800 crore to add 20 MMPTA at its Hazira Port in Surat to its existing 30 MMTPA capacity, Essar Ports Chief Executive Officer Rajiv Agarwal told reporters here.

Indian Stock Trading Ideas From Market Experts

The market has opened flat on Monday with the Nifty below 8550. The 50-share index is down 21.65 points or 0.2 percent at 8519.55 and the Sensex is down 57.53 points or 0.2 percent at 27745.71. About 214 shares have advanced, 82 shares declined, and 28 shares are unchanged. For more market update visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• Results today:

Canara Bank , Indiabulls Housing Finance, Bajaj Corp, Hitachi Home, State Bank Of Mysore, Eveready Ind, Info Edge, Merck, Navin Fluorine, Tata Sponge Iron, Asian Granito, Automotive Stampings, Eimco Elecon, Ganesha Ecosphere, Ghcl, Greenply Industries, HOEC, Jk Paper, K.P.R. Mill, Kg Denim, Maharashtra Scooters, Nelco, Pincon Spirit, Rane Engine Valve, Shanthi Gears, Supreme Petrochem, Texmaco Infrastructure & Holdings, Texmaco Rail & Engineering, Transformers And Rectifiers

• Adani Ports, ITC, Asian Paints, Maruti and GAIL are top gainers while Axis Bank, Cipla, BHEL, TCS and M&M are top losers in the Sensex.
• Axis Bank's weak fee income growth dissappoints: IIFL. Axis Bank reported a weak set of first quarter earnings on July 22. The profit fell for the second consecutive quarter and for the first quarter of this fiscal it saw a 21.4 percent dip year-on-year (YoY) on account of sharp worsening in asset quality.  
• Shares of Equitas Holdings gained 5.6 percent intraday Monday as its net profit jumped 64 percent in the quarter ended June of FY2016-17. It has reported 64 percent jump in consolidated net profit at Rs 61.2 crore for the first quarter of 2016-17 financial year against net profit of Rs 37.4 crore in the corresponding April-June quarter of 2015-16.

Indian Stock Market Today

Sensex, Nifty open flat; ITC gains 1%, SBI & Axis Bank down. For market update visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22. 

•  ITC, Cipla, Adani Ports, BHEL and Sun Pharma are top gainers while TCS, ONGC, Infosys, NTPC and Wipro are losers in the Sensex.
•  The market has opened flat on Friday. The Sensex is up 28.29 points or 0.1 percent at 27738.81 and the Nifty is up 9.55 points or 0.1 percent at 8519.65. About 286 shares have advanced, 121 shares declined, and 25 shares are unchanged.
• The Indian rupee opened flat at 67.18 per dollar on Friday versus previous close of 67.17.
• Transaction costs on MFs should be within TER limit: Sebi
  Brokerage and transaction costs levied on mutual fund schemes should be within the stipulated total expense ratio limit and any additional cost has to be borne by the asset management company concerned, according to Sebi.
• Six stocks that brokerages are bullish on post Q1 results

1.   ITC
2.   HDFC Bank
3.   Ashok Leyland
4.   ABB
5.   JSW Energy
6.   Bharat Financial Inclusion