Smartphones lift Samsung Electronics to Best Profit in Over 2yrs

Equity benchmarks opened on a flat note amid mixed Asian cues. The Sensex was up 35.97 points at 27202.84, and the Nifty gained 6.05 points at 8342. For more information visit www.marketmagnify.com/stock-option.php

       About 176 shares have advanced, 65 shares declined, and 19 shares are unchanged.

Bharti Airtel and Dr Reddy's Labs gained over a percent followed by ITC, HDFC, SBI, L&T and HUL while Infosys, HDFC Bank, TCS, Bajaj Auto, Reliance Industries and NTPC declined.

      Punjab National Bank climbed over 3 percent as its subsidiary housing finance company has received approval for listing IPO from National Stock Exchange and Bombay Stock Exchange.

           The Chinese government's call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity.

     Quality PSU banks a must-have in a portfolio: Quantum Securities In the light of the boost given by the government in the infrastructure space, companies in cement and steel are looking good, said Sanjay Dutt of Quantum Securities. "Infrastructure is a space where you have to remain invested.

      Max Financial Services Ltd has informed BSE that Mr. Sandeep Pathak has joined the Company as Company Secretary and Compliance Officer of the Company effective July 05, 2016.Source : BSE
            Kalpataru Power Transmission Ltd has informed BSE that Kalpataru Power Transmission Ltd, a leading global EPC player in the power & infrastructure contracting sector has secured new orders/notification exceeding Rs 1900 crores.Source : BSE

      Tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit likely rose 17.4 percent from a year earlier, its highest in more than 2 years as Galaxy S7 smartphone sales propelled mobile earnings.

     The world's top maker of smartphones and memory chips said its April-June profit was likely 8.1 trillion won (USD7 billion), better than the average forecast of 7.8 trillion won tipped by a Thomson Reuters survey of 16 analysts. It was the highest since a 8.5 trillion won profit in the first quarter of 2014.