Indian Stock Market Update

Sensex opens firm, Nifty hovers around 8650; Maruti, Infosys up. For more information visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22. 

• Maruti, Infosys, ONGC, NTPC and Adani Ports are top gainers while Lupin, TCS, Coal India, Hero MotoCorp and Tata Steel are losers in the Sensex.
• The market has opened firm ahead of August Futures and Options expiry tomorrow as global cues are supportive. The Sensex is up 103.55 points or 0.4 percent at 28093.76 and the Nifty is up 15.90 points or 0.2 percent at 8648.50. About 309 shares have advanced, 96 shares declined, and 28 shares are unchanged.
• Drug firm Aurobindo Pharma reported a 23.81 percent rise in consolidated net profit to Rs 584.96 crore for the first quarter ended June 30, 2016, mainly on account of robust sales.
• FIPB clears seven FDI proposals worth Rs 290 cr Tikona Digital Networks' Rs 267-crore proposal to increase foreign equity to 76.73 percent through issuance of CCDs was approved by the government.