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The Sensex is up 131.39 points or 0.5 percent at 27828.90, and the Nifty up
40.55 points or 0.5 percent at 8585.40. About 707 shares have advanced, 125
shares declined, and 21 shares are unchanged.
- Tata Motors, ONGC, Hero, BHEL and Maruti are top gainers
while Lupin, Bharti Airtel, Infosys and HDFC Bank are losers in the Sensex.
The Indian rupee opened higher by 14 paise at 66.85 per dollar versus 66.99
Wednesday.
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World Economic Forum, will host its annual India
Economic Summit here on October 6-7 which would be attended by over 500
business and political leaders including top policymakers and CEOs.
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BSE receives 110 investor complaints in July, fixes 103
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Leading stock exchange BSE said it received 110 complaints against 96 companies
in July this year. During the period, the stock exchange resolved 103
grievances against 82 listed companies, according to a release. The resolved
complaints include those brought forward from the previous period.
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.
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The Indian rupee opened flat at 67.04 per dollar against previous close 67.04
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E-commerce can create 12 mn jobs in a decade: HSBC
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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.
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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.
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Bharti Airtel topped the buying list among Sensex 30 stocks, up over 2 percent
after better-than-expected consolidated earnings in Q1.
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ICICI Bank, Maruti Suzuki and Adani Ports gained 1 percent each while Infosys,
NTPC were losers.
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The Indian rupee opened higher by 8 paise at 67.06 per dollar versus 67.14
Wednesday.
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Asian Paints also reacted positively to better-than-expected earnings in June
quarter, up nearly 2 percent.
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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
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.
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Earnings to watch out today are Asian Paints, HDFC, Bajaj Auto, Bharti Airtel,
YES Bank, Dabur, Torrent Pharma and Shriram Transport Finance.
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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.
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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.
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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.
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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.
- The market has opened higher supported by firm global cues. The Sensex is up
60.51 points or 0.2 percent at 27976.40, and the Nifty up 16.85 points or 0.2
percent at 8582.70. About 308 shares have advanced, 98 shares declined, and 34
shares are unchanged.
- Cipla,
ITC, Bajaj Auto, Hero MotoCorp and ONGC are gainers while Dr Reddy's Labs,
Infosys, TCS, BHEL and M&M are losers in the Sensex.
- Advanced Enzyme Tech IPO subscribed
89% on Day 1
The initial public offer of Advanced Enzyme Technologies was subscribed 89
percent on the first day of the 3-day bidding. The Rs 411.5-crore IPO received
bids for 28,90,304 shares against the total issue size of 32,34,059, data
available with the NSE till 1700 hours showed.
- British
govt fund CDC to invest Rs 1,000 cr in IIFL Finance This investment makes a
second coming for the UK government-owned development finance institution as
the CDC Group was the first private equity investor in the IIFL Group in the
late 1990s.
- Nagaland to
undertake coffee plantation on 50k hectares by 2030 Secretary to Government of
Nagaland, Y Kikheto Sema said the state Department of Land Resources in sync
with other line departments would be taking up massive coffee plantation drive
in every district as the state has been declared geographically and
topographically suitable for coffee by the Coffee Board.
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Muted
Q1: Nasscom says no cut in FY17 growth target of 10-12% Even as some large
Indian IT companies have posted lower-than-expected June quarter numbers and
issued muted sales outlook, Nasscom today said it sees no reason to cut
industry's full year growth forecast of 10-12 per cent.
