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Nifty holds 8600, Sensex flat; AB Nuvo dives 15%, Sun Pharma up. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22. 

• The market has opened flat as the Sensex is up 44.75 points at 27904.35. The Nifty is up 13.30 points orat 8605.45. About 272 shares have advanced, 188 shares declined, and 18 shares are unchanged.
• Sun Pharma, BHEL, HDFC, Bajaj Auto and M&M are top gainers while Asian Paints, ITC, Bharti Airtel, Maruti and Dr Reddy's Labs are losers in the Sensex.
• The Indian rupee opened marginally higher by 4 paise at 66.80 per dollar versus 66.84 Thursday.
• SBI's slippages likely to be at Rs 15-17k cr, GNPA around 7%. India's largest bank SBI is set to release its first quarter earnings today and the street has its eyes set on the asset quality after Bank of Baroda reported its numbers yesterday.
• USFDA completes inspection of Alkem's Taloja plant; shares up 2%. Shares of Alkem Laboratories touched 52-week high, rises 2.2 percent intraday Friday on successful inspection of Taloja facility by USFDA. The company says there were inspection done from August 1 to August 10, 2016 and there were no issue of 483s by the USFDA.

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Sensex, Nifty open flat; BHEL up, Bank of Baroda falls 5% on Q1. For more market update visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22. 

• BHEL, Axis Bank, Coal India, NTPC and ICICI Bank are top gainers while GAIL, Wipro, Sun Pharma, HDFC and TCS are losers. Bank of Baroda is down 5 percent after it posted disappointing Q1 results. 
• The market has opened flat with the Nifty still below 8600. The 50-share is down 4.30 points at 8571 while the Sensex is up 2.04 points at 27776.92.
  The Indian rupee opened lower by 9 paise at 66.81 per dollar versus 66.72 Wednesday.
• Livpure eyes Rs 1,000 cr sales in four years
  The company launched country's first wi-fi enabled RO water purifier, i-taste, which allows consumers to control the taste of purified water through smartphones.
  Centre discusses steps to save onion growers from price slump
• Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh, NCP chief and former Agriculture Minister Sharad Pawar and three ministers from Maharashtra were present in the meeting.

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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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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 .

Indian Stock Market News and Analysis

The market has opened in red but the Nifty has managed to hold 8500. The Sensex is down 1.70 points at 27813.48, and the Nifty is down 6.40 points at 8513.10. About 292 shares have advanced, 160 shares declined, and 27 shares are unchanged. For more updates visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

      GAIL, Bharti Airtel,L&T, HDFC Bank and Coal India are top gainers while Bajaj Auto, Wipro, Sun Pharma, ONGC and M&M are losers in the Sensex.
       The Indian rupee opened with marginal gain of 5 paise at 67 per dollar versus previous close 67.05.

      Cotton prices have risen significantly since mid April but Sachit Jain, MD of Vardhman Textiles does not see much impact on margins as yarn prices have also been rising alongside, albeit at a slower pace.

      L&T Infotech's Rs 1,243-crore IPO got oversubscribed 11.67 times on Wednesday, eliciting strong response with the number of applications crossing 1 million on the final day.

           Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the technology sector. The brokerage house expects HCL Technologies to report a 2.1 percent degrowth quarter-on-quarter (growth of 5.7 percent year-on-year) in net profit at Rs 1883.9 crore.

         Global demand for oil will grow by 1.4 million barrels per day (bpd) this year to 96.1 million bpd, the IEA said in its monthly oil market report, revising up last month’s forecasts of a 1.3 million bpd rise.

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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.