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.

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.

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.