Today's Stock Market Update

Sensex, Nifty under pressure in early trade; HPCL, NTPC fall. For more information visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22.

• The market was marginally lower in early trade with the Sensex struggling below 28000 level amid consolidation. Investors waited for speech by the Federal Reserve Chief Janet Yellen at Jackson Hole.
• HDFC, Reliance Industries, L&T, Lupin and Sun Pharma were under pressure whereas Infosys, Asian Paints, Adani Ports, TCS and Wipro gained.
• The Indian rupee has opened higher by 7 paise at 67.12 per dollar against previous close of 67.19 a dollar.
• Sitharaman convenes meeting of industry bodies on IPR today
• The associations which would participate include CII, Ficci, PHDCCI, International Trademark Association, Laghu Udyog Bharati, Film and Television Producers Guild of India and Indian Motion Pictures' Producers Association.
• UK to strengthen trade, business relations with India
• India is the second largest investor in London and India is on the top of the list for the partnership with UK. Our relation with India is already firm and we will continue to strengthen it," he said.

Indian Stock Market Tips

Nifty hits 8700, Sensex up over 100 pts; Wockhardt dives 12%. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• The market has opened higher on Monday. The Nifty has opened at new 52-week high with the 50-share index up 26.95 points or 0.3 percent at 8710.10 and the Sensex is up 113.53 points or 0.4 percent at 28191.88. About 409 shares have advanced, 101 shares declined, and 37 shares are unchanged.
• Bajaj Auto, Axis Bank, Adani Ports, M&M and Maruti are top gainers while Infosys, GAIL, TCS and Bharti Airtel are losers in the Sensex. Wockhardt is down 12 percent.
• Q2 slippages may be in Rs 2,000-2,500 cr range: Andhra Bank Andhra Bank's MD & CEO Suresh Patel says large accounts particularly in the construction and iron and steel are major contributors to slippages.
• Apollo Munich eyes 2-3 bancassurance tie-ups this fiscal Enthused by the open architecture system announced by insurance regulator IRDAI, Apollo Munich Health Insurance said it is eyeing a couple of more bancassurance tie-ups in the current fiscal.
• Govt may cut gas price for producers by 20 pc in Oct Natural gas price paid to producers like state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries is likely to fall 20 per cent to USD 2.45 in October.
• Economy's financial parameters improved in April-June: Survey Banks and financial institutions witnessed improvement in financial parameters such as cost of funds, liquidity position and external financial linkages in April-June quarter, according to a survey.

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.

Upcoming Indian Stock Market Update

Hike in foreign shareholding in bourses to help MCX, BSE & NSE. For more market update visit & www.marketmagnify.com/stock-future-tips.php give a missed a call @ 78-79-88-11-22. 

         Earlier this week, the Union Cabinet increased the foreign shareholding limit in Indian stock exchanges, a depository, a banking company, an insurance company and a commodity derivative exchange from 5 per cent to 15 per cent in a bid to attract overseas investment and expertise.

              The NDA government has liberalised the foreign investment limit in a host of sectors such as defence, civil aviation and pharmaceuticals in a major reform overdrive.

The approval to raising of investment limits for foreign entities to 15 per cent is in pursuance of the implementation of the 2016-17 Budget announcement made by Finance Minister Arun Jaitley.

        As per the new policy, foreign portfolio investors (FPI) can acquire shares through initial allotment in stock exchanges, besides the secondary market route.

This move is expected to benefit potential investors of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), which have plans to go public with initial public offerings (IPOs).
           BSE has already received in-principle approval from the capital market regulator Sebi for its IPO to raise Rs 1,300 crore by selling up to 30 per cent stake. Domestic commodity exchanges such as Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX) will also get a fresh leg-up.

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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.

Nifty, Sensex Under Pressure; Lupin, Tata Steel Most Active

The market has started off last day of the week on a flat note. The Sensex fell 2.35 points to 27199.14 and the Nifty declined 2.40 points to 8335.50. For more information visit www.marketmagnify.com/stock-option.php    

       Lupin and Tata Motors were top gainers in early trade, up 2 percent each followed by Sun Pharma, BHEL, Hero MotoCorp and Aurobindo Pharma while Tata Steel, ITC, ONGC, Bharti Airtel, ICICI Bank, Idea Cellular and Bharti Infratel were losers.         

        Asian markets were trading lower with the Shanghai, Hang Seng and Nikkei falling 0.5-1 percent as oil declined Thursday and ahead of US payroll data due today.Equity benchmarks extended sell-off with the Nifty breaching 8300 level for the first time in last five sessions. The Sensex fell 108.71 points to 27092.78 and the Nifty declined 33.50 points to 8304.40.
        The market breadth was weak as about 839 shares declined against 653 advancing shares on BSE.

       Tata Steel 's board is expected to meet today to discuss sale of its UK assets. Sources have told CNBC-TV18 that the steel major is likely to hold asset sale as of now. If the deal does not go through, some pressure will be seen on the stock in near-term, says Tarang Bhanushali of IIFL who has a reduced rating on Tata Steel. In case of no deal, the target price for the stock is Rs 305. 

          Biocon Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 21, 2016, inter alia, to approve the un-audited financial results for the quarter ended on June 30, 2016 (Q1).The Company will organize a conference call for analysts and investors on July 22, 2016. The details of the call will be available on the Company's website closer to the scheduled event.Source : BSE