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.

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.

Today's Indian Stock Market Live Update

Siddhivinayak Temple opens demat account for stock donations. For more information visit www.marketmagnify.com/freetrial.php & give a missed call@ 78-79-88-11-22.

         The CDSL demat account has been opened with SBICAP Securities Ltd in the name of Shree Siddhivinayak Ganapati Temple Trust (Prabhadevi) Mumbai, which manages the famous Siddhivinayak Temple.
       Nifty hits 8550, Sensex firm; Wipro tanks 5%, Reliance up 1%

   Reliance, GAIL, M&M, Coal India and Cipla are top gainers in the Sensex while Wipro is down 5 percent. Other losers in the Sensex are ICICI Bank, Infosys, ONGC and Axis Bank.

     After a slow opening, the market has quickly picked pace on Wednesday. The Sensex is up 86.99 points or 0.3 percent at 27874.61 and the Nifty is up 22.60 points or 0.3 at 8551.15. About 507 shares have advanced, 233 shares declined, and 35 shares are unchanged.

     M&M's tech, product development spend at Rs 1,938 cr in FY16 The company, which is betting big on innovation and aims to be among the top 50 'Most Admired' brands in the world by 2021, also filed 173 patents in 2015-16.

          Public sector Indian Bank today said it is adequately funded and will meet its capital requirements through internal accruals. Hailing infusion of Rs 22,915 crore capital into 13 PSU banks by the Centre as an "intelligent move", Indian Bank Managing Director and CEO Mahesh Kumar Jain said it would help the lenders to focus on credit growth.

Indian Stock Market Live News

Sensex gains over 100 pts, Nifty firm; Reliance up 2%

Asian Paints, Reliance, Axis Bank, Bajaj Auto and Infosys are top gainers while NTPC and ONGC aee losers in the Sensex. 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 Sensex is up 118.21 points or 0.4 percent at 27954.71 and the Nifty is up 22.65 points or 0.3 percent at 8564.05. About 186 shares have advanced, 47 shares declined, and 22 shares are unchanged.
           Sun Pharma Advanced Research Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 29, 2016, inter alia, to consider and take on record, the un-audited financial results of the Company for the quarter ended June 30, 2016 (Q1).

      CST technologies are sufficiently suited for heating, drying and cooling applications for industrial processes and useful for cooking and domestic purposes.
The sentiment remains very positive but the trading is expected to be rangebound in the near term till the next leg of the rally resumes.

            After Reliance Industries beat street expectations for the first quarter of this fiscal, Prayesh Jain of IIFL said that more upside is expected in the stock post earnings and said its gross refining margins (GRMs) are likely to stay strong going forward.

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.