Today's Stock Market News

Sebi initiated 614 proceedings in FY16, recovered Rs 224 cr. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• Markets regulator Sebi launched 614 proceedings against the entities which defaulted on payment of penalties in 2015-16 and recovered dues worth over Rs 224 crore. In comparison, the number of attachment proceedings initiated by the Securities and Exchange Board of India (Sebi) in 2014-15 stood at 1,619. These proceedings involve attachment of bank accounts, lockers, shares and debentures, among others.
• Equity benchmarks started off the week on a flat note as investors digested the news of appointment of new RBI governor Urjit Patel.
• The 30-share BSE Sensex was down 12.55 points at 28064.45 and the 50-share NSE Nifty fell 4.50 points to 8662.40.
• Adani Ports topped the buying list, up 2 percent followed by ITC, HDFC, HDFC Bank, HUL and Reliance Industries whereas TCS, Lupin and Tata Steel fell over a percent.

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Sensex, Nifty open flat; HUL loses 2%, Mindtree falls 6% on Q1. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

     The market has opened marginally in green. The Sensex is up 39.87 points or 0.1 percent at 27786.53, and the Nifty is down 1.05 points at 8507.65. About 212 shares have advanced, 79 shares declined, and 24 shares are unchanged.
          Tata Motors, ICICI Bank, TCS, HDFC and Tata Steel are gainers in the Sensex. HUL loses over 2 percent while Bharti, Wipro, BHEL and Adani Ports are losers. Mindtree falls 6 percent on its Q1 results.

           Drug firm Dr Reddy's Laboratories has launched generic Omeprazole and Sodium bicarbonate capsules, used for treatment of acid reflux and ulcers, in the US market after receiving approval from the      country's health regulator.

               Results today: UltraTech Cement , Wipro , CRISIL, Linde India, MPS

Shree Cement today said it has won the bid for coal linkages from state-run Coal India subsidiary, South Eastern Coalfields Ltd (SECL), for 80,000 tonnes annually.
              Adani Ports and Special Economic Zone (APSEZ) today said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis.

               Maruti Suzuki India (MSI) continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June, although its successful model Swift has been displaced from the third position by rival Hyundai's Grand i10.

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The market has opened green. The Sensex is up 74.35 points or 0.3 percent at 27882.49, and the Nifty is up 1.95 points at 8523. About 547 shares have advanced, 251 shares declined, and 33 shares are unchanged. For more market update visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

     ONGC, Tata Steel, ICICI Bank, BHEL and Coal India are top gainers while Sun Pharma, Dr Reddy's, HUL, Maruti and L&T are down.
     The Indian rupee opened higher by 9 paise at 67.09 per dollar on Wednesday against previous close 67.18.

        Indiabulls Real Estate said that it has raised Rs 25 crore by issuing non-convertible debentures (NCDs).   Last month, the Mumbai-based company had announced that it proposed to raise up to Rs 200 crore through issue of NCDs on a private placement basis. So far, the company has raised Rs 131 crore in three tranches.
          Demand for luxury residential and commercial properties (in London)- the segments some Indian homebuilders have invested in - may remain weak at least over the coming 6 to 12 months as buyers postpone purchases and banks trim loans amid increased economic uncertainty," it said in a report.

Share of Ruchi Soya Industries plunged 8 percent intraday Wednesday as it has received a winding up notice from one of the creditors. The company has received a copy of winding up petition filed by one of its creditors before the Hon'ble High Court of Bombay.

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.

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Sensex, Nifty open in red; Infosys down, ONGC & Bharti gainers.  For more information visit www.marketmagnify.com/stock-cash-tips.php

     The market has opened in red on Thursday. The Sensex is down 75.70 points or 0.3 percent at 26944.96, and the Nifty is down 19.45 points or 0.2 percent at 8253.60. About 474 shares have advanced, 241 shares declined, and 34 shares are unchanged.
       ONGC, NTPC, Bharti Airtel, Reliance and Tata Motors are gainers while Lupin, Infosys, Dr Reddy's, Asian Paints and HUL are losers in the Sensex.

         Tata Group entities, including Tata Sons, Jaguar Land Rover and TCS , will provide a funding of 5.6 million pounds (around Rs 56 crore) to the Royal Society's University Research Fellowships (URF) scheme   in the UK.

       Expect rupee to appreciate marginally due to increase in capital flows and trade in the range of 66.50- 66.75/dollar, says Ashutosh Khajuria of Federal Bank.

           Analysing HUL's annual report, CLSA says that despite a 49 percent annual rise in capex, free cash flow (FCF) increased 16 percent. As per its estimates, HUL may see over 20 percent CAGR in FCF in FY16-19.

          UB Pravin Rao, COO, Infosys is confident on achieving FY17 revenue growth guidance of 11.5-13.5 percent for next few years.

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The market has opened on a firm note with the Nifty still above 8250. The 50-share index is up 19.05 points or 0.2 percent at 8285.50. For more information visit www.marketmagnify.com/stock-cash-tips.php  & give  a missed call on @ 7879- 88-11-22

   The Sensex is up 91 points or 0.3 percent at 27100.67. About 305 shares have advanced, 114 shares declined, and 24 shares are unchanged.
       Bharti Airtel, HDFC, L&T, Cipla and Adani Ports are gainers while GAIL, HUL, BHEL, Asian Paints and TCS are losers in the Sensex.
      The Indian rupee opened flat at 66.78 per dollar against previous close of 66.77.
           Bharti Airtel, ONGC, L&T, Tata Motors, ITC, HDFC, Cipla and M&M are among the gainers, whereas Asian       Paints, SBI, Bajaj-Auto, Infosys, TCS, Maruti Suzuki and ICICI Bank are losing sheen on BSE.

           Asian markets are mixed with China's Shanghai Composite down 0.74%. Japan's Nikkei and Hang Seng are marginally down. The S&P 500 ended at its best level since July led by a big jump in energy shares. The Dow Jones ended up 17.95 points, or 0.1%, while the S&P 500 gained 2.72 points, or 0.13%.The Nasdaq Composite dipped 6.96 points, or 0.14%.

        Rupee is the top outperformer among the Asian currencies, Japanese brokerage firm Nomura said.