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.

Indian Stock Market Live News, HCL Tech Jumps 5%

The market has opened flat with the Nifty still below 8650. The 50-share index is at 8617.35, down 6 points while the Sensex is at 27946.03, down 35.68 points. For more market update visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

      Tata Motors, Asian Paints, L&T, Sun Pharma and Lupin are gainers while HDFC twins, TCS and ITC are major losers. HCL Tech is up 5 percent on its result.
  Results today: HCL Technologies, Bata, Berger Paints, Emami, Titan, Cadilla Healthcare, Dishman pharma, TTK prestige, Dwarikesh Sugar, ENIL, Kajaria Ceramics, PC Jeweller, Orient Cement, Ramco Cement, TBZ, TD power, Carborundum Universal
        HCL Tech Q1 profit up 6%; sees FY17 CC topline growth at 12-14% HCL Technologies' first quarter (April-June) beat analysts' expectations on all parameters by reporting 6 percent growth each in profit at Rs 2,055.2 crore and revenue at Rs 11,336 crore on sequential basis.

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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

Indian Share Market Live News and Tomorrow Tips

Nifty opens above 8550, Sensex firm; ITC up 1%, IT stocks down. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-7988-11-22.

•  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.
•   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. 

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Sensex, Nifty open flat; TCS falls 2% post Q1, NTPC down 3%. For more information visit www.marketmagnify.com/freetrial.php & call @ 78-79-88-11-22. 

    ITC, M&M, Hero Moto, Adani Ports and Cipla are top gainers while NTPC, HDFC, Tata Motors and Axis Bank are losers. TCS lost 2 percent post its Q1 earnings.

       The market has opened on a earnings heavy day. The Sensex is up 5.85 points at 27947.96, and the       Nifty is up 0.45 points at 8565.45. About 309 shares have advanced, 84 shares declined, and 26 shares are unchanged.
        The Indian rupee opened marginally higher at 66.88 per dollar on Friday versus previous close of 66.91.

Results today: Infosys , Reliance Industries , LIC Housing Finance, Mastek, NIIT Technologies, Hatsun      Agro, India Gelatine, Steel Strips Wheels
          Tata Consultancy Services on Thursday reported a better-than-expected profit and operational performance in April-June quarter. While revenue was in-line, profit fell 0.36 percent sequentially to Rs 6,318 crore in Q1 but that was supported by better operational numbers.

           Load up on home finance, realty stocks, says CLSA's Chris Wood GREED & fear has added Indiabulls Housing Finance and DLF in its in the long-only Asia ex-Japan portfolio with a 3 percent weightage each .