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.

SEBI Steps Up L'affaire Mallya Probe; to Seek Overseas Help

The market has opened at new 2016 high while the midcap index is at 11-month high. The Sensex is up 368.52 points or 1.4 percent at 27495.42, and the Nifty is up 104.45 points or 1.2 percent at 8427.65. About 932 shares have advanced, 111 shares declined, and 36 shares are unchanged. For more information visit www.marketmagnify.com/stock-option.php

      ICICI Bank, BHEL, Tata Motors, Bharti and L&T are top gainers. The Indian rupee gained in the early trade. It has opened higher by 24 paise at 67.12 per dollar versus 67.36 Friday.

      Road Transport and Highways Minister Nitin Gadkari will invite investments in ports, ship building and coastal economics zones during his week long visit to the US. "Indo-US cooperation in the vital infrastructure sector will get a new impetus when (the minister) holds official talks with his counter-part US Secretary of Transportation, Anthony Foxx in Washington today, on a wide range of projects of mutual interest", an official statement said.

           In mounting troubles for embattled Vijay Mallya, markets regulator Sebi has stepped up its probe into alleged fund diversion from his erstwhile listed group firms to other entities, including some abroad and his various sport ventures. With the latest disclosures taking total suspected fund diversion at United Spirits alone to over Rs 2,500 crore, Sebi is also referring to the matter for further action by other agencies including SFIO (Serious Fraud Investigation Office) under the Corporate Affairs Ministry, a top official said.

          Private sector HDFC Bank plans to focus on digital platforms in rural and semi-urban markets to achieve sustained growth in the coming years.

       The Gujarat government is conducting a social impact assessment for acquisition of about 33 hectares of land in three villages of Vadodara for the expansion of Indian Oil Corporation 's refinery here.

Stock Cash Market Update By MarketMagnify

ICICI Bank, ITC, Adani Ports, Bharti Airtel and Tata Steel are top gainers while ONGC, Bajaj Auto and Wipro are losers in the Sensex. For more update visit www.marketmagnify.com/stock-future-tips.php

     The Indian rupee opened lower by 6 paise at 67.33 per dollar against previous close 67.27.

  HSBC has raised its rating on India to ‘overweight’ from the earlier ‘neutral’ and upped its Sensex target to 28,500 from 26,000 for this year-end. Domestic market is picking up in India and earnings expectations of 12 percent are more realistic, says Herald Van Der Linde of HSBC.

     Motilal Oswal has upgraded M&M to buy from neutral with a target of Rs 1724 per share, indicating an 18 percent upside. Betting big on strong earnings cycle ahead the brokerage firm is confident that monsoon and recent launches will drive its growth.

    The boards of Jaiprakash Associates and UltraTech Cement on Monday agreed on the long due agreement regarding the sale of JP's cement business to the latter. The total deal size of Rs 16,189 crore, agreed upon now is slightly more that Rs 15,900 crore pegged in the March agreement.

    Auto major Mahindra & Mahindra today reported an 8 percent rise in total sales to 39,011 units in June. The company had sold 36,134 units in the same month last year.

    Adani Ports may see a good breakout after a consolidation and can climb to around Rs 226. Keep stop loss of Rs 207.
     Sun Pharma is in a pause mode before a climb to around Rs 790. Keep a stop loss at Rs 760.

Today's Stock Cash Tips; Nifty Opens Above 8250 on Expiry Day

Bharti, SBI, Dr Reddy's Labs, GAIL and BHEL are top gainers. For more information visit www.marketmagnify.com/stock-cash-tips.php & give a missed call @ 78-79-88-11-22.

    The Indian rupee opened higher by 13 paise at 67.55 per dollar versus 67.68 Wednesday.

  The Sensex is up 221.86 points or 0.8 percent at 26962.25, and the Nifty up 62.55 points or 0.8 percent at 8266.55. About 1318 shares have advanced, 310 shares declined, and 67 shares are unchanged. BHEL, Tata Motors, NTPC, Hero MotoCorp and HUL are top gainers. GAIL is down.

      The cane price payable and arrears have been calculated on the basis of Fair and Remunerative Price (FRP), which is the minimum price, fixed by the Centre, to be paid to farmers. For the 2015-16 marketing year, FRP for sugarcane has been fixed at Rs 230 per quintal.

     In order to address time lag in agri-data, there is a need to use modern technologies like remote sensing, he said, adding that such technologies are now being promoted in his ministry for collecting horticulture data.
     Expenditure on air transport is negligible in rural areas while air transport accounts for 2.53 percent of all transport expenditures in urban areas.

      Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.

      Morgan Stanley is overweight on Hindalco Industries with a target price of Rs 147. The brokerage house believes improved cash flows from higher aluminium price and volume growth should drive deleveraging for the company.

Berger Paints's Q1 results on August 03, 2016

The market has opened flat but the Nifty managed to scale 8100. The 50-share index is up 9.30 points at 8104 and the Sensex is up 7.59 points at 26410.55. About 573 shares have advanced, 164 shares declined, and 40 shares are unchanged. for more Stock Option Tips give a missed call @ 78-79-88-11-22.

     Bharti Airtel, Hero MotoCorp, Coal India, Asian Paints and BHEL are top gainers while Tata Motors, Wipro, ICICI Bank, Infosys and TCS are losers in the Sensex.

          Berger Paints India Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on August 03, 2016, inter alia, to consider and approve, the Unaudited Financial Results of the Company for the quarter ending on June 30, 2016 (Q1).

          The management is confident that after Reliance Jio launch, top three telecom companies overall market share may not get impacted benefitting by adding low-end subs although they may lose some high-end subscribers. Idea considers low-end customer to be profitable and does not see margin dilution from this subscribers base.

         "Gujarat Gas has accepted the authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, operate, build or expand city or local natural gas distribution network for Ahmedabad district (excluding area already authorised) in Gujarat on June 27," says the company in its filing.

        Share prices of Siemens gained nearly 2 percent intraday Tuesday as it has bagged an order worth Rs 570 crore. The company has won an order worth Rs 570 crore to supply static synchronous compensator (STATCOM) solutions to Power Grid Corporation of India .

        Bluechip Tex Industries Ltd has informed BSE that the 31st Annual General Meeting (AGM) of the Company will be held on July 16, 2016.

China Can Keep Growth Stable This Year & in The Long Term

ITC, Lupin, Tata Motors, Sun Pharma and Cipla are top gainers while Infosys, Asian Paints, TCS, Hero and NTPC are losers in the Sensex. For more update visit www.marketmagnify.com/stock-future-power.php & give a missed call 78-79-88-1-22.

    Brokerage house Deutsche Bank has trimmed its Sensex target to 27,000 from 29,000 earlier, citing global uncertainty in the wake of ‘Brexit.’
      Foreign investors have pulled out close to Rs 6,200 crore from the country's stock markets so far this month, taking the total outflow to more than Rs 11,500 crore in 2016.
        The initiatives include sourcing Indian coffee for the US market, introducing the Teavana brand of specialty teas in Indian stores, expanding the market of the Tata-owned mineral water brand Himalayan and skilling over 3,000 youths, the companies said.
       Share prices of Parag Milk Foods rose 4 percent intraday Monday on the back of better fourth quarter numbers. The company's Q4 (Jan-March) net profit increased by 49.6 percent at Rs 19.6 crore against Rs 13.1 crore, in the same quarter last fiscal.
      Equity benchmarks continued to see volatility in morning trade after investors digested Brexit in last Friday's trade. FMCG, infra, select banks and pharma stocks gained while technology, auto and metals stocks were under pressure.

       China is able to keep economic growth stable this year and in the long term, Premier Li Keqiang said on Monday. The country cannot ignore changes in the global economy as well as risks in the domestic economy, Li said during a speech at the World Economic Forum (WEF) in the northern city of Tianjin.