Ola to invest Rs 350 crore in Haryana over 5 years

L&T Infotech IPO is set to open on July 11 and close on July 13. The company contributes about 8 percent of the consolidated revenue of the entire L&T business. CNBC-TV18's Kritika Saxena learns that this IPO kicks of a series of consolidations that the L&T group is looking at doing.  For more market news visit www.marketmagnify.com/stock-future-tips.php

& give a missed call @ 78-79-88-11-22.

       

  Tata Motors, ICICI Bank, Dr Reddy's Labs, L&T and Sun Pharma are top gainers while GAIL and HDFC Bank are losers in the Sensex.

      Gold slipped below USD 1320 an ounce as buyers cashed in gains from the biggest two-day rally in the metal since late 2008 made last week.

     The Indian rupee opened higher by 17 paise at 67.78 per dollar on Wednesday versus previous close 67.95.

     Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years, the company said today.

        The market breadth was positive as about four shares advanced for every share declining on Bombay Stock Exchange.  

        According to Angel Broking, Rupee is likely to trade sideways to positive as yesterday’s robust release of GDP and consumer confidence data from the US will keep the DX supported.

       Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.            The company has bought back 50,77,504 equity shares at an average price of Rs 3,090.92 per share. The company has thus deployed Rs 1,569.41 crore against the maximum buyback size, Dr Reddy's Laboratories said in a regulatory filing.

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.

Stock Future Tips With Daily Updates

The market has opened flat with the Nifty still holding the 8250. The 50-share index is up 18.10 points or 0.2 percent at 8256.60. The Sensex is up 5.46 points or at 26872.38. About 345 shares have advanced, 92 shares declined, and 31 shares are unchanged. For more Stock Future Tips give a missed call @ 78-79-88-11-22.

       GAIL, Lupin, ONGC, ICICI Bank amd M&M are top gainers while Bharti Airtel, SBI, ITC, Bajaj Auto and Axis Bank are down.

    Activate stalled engines to sustain 7.6% growth: WB to India

India needs to activate "stalled engines", including private investment and rural demand, to sustain 7.6 per cent growth rate in the coming years, World Bank said today.
    The Securities and Exchange Board of India (Sebi), in June 2013, had imposed various curbs on over 100 firms, including Monotype India, its promoters and directors, for not meeting the minimum 25 percent public holding within the June 3 deadline of the same year.

    The view that Punjab National Bank is the best bet while he feels that State Bank of India may test Rs 227 and Indian Bank may hit Rs 147.

     The Indian rupee opened lower by 9 paise at 67.40 per dollar on Tuesday versus 67.31 Monday.
     HGS Colibrium, Inc., a subsidiary of Hinduja Global Solutions has partnered with Health Alliance Medical Plans to implement Colibriums Tuo Marketplace to provide a sales-automation solution for individual and group markets.

    First Trade: Sensex 26853.31 -0.05%: Nifty 8231.85 -0.08%.

    First Trade: Nifty Midcap 100 13476.00 +0.36%: BSE Small Cap 11525.44 +0.41%.

     First Trade: Nifty Bank 17706.80 -0.07%: BSE Bank Index 20261.63 -0.12%.

DCB Bank launches Aadhaar enabled ATM in Bengaluru

After severe cuts yesterday, the market has opened in green on Tuesday. The Sensex is up 64.66 points or 0.2 perceny at 26461.43, and the Nifty is up 21.95 points or 0.3 percent at 8132.55. About 342 shares have advanced, 111 shares declined, and 24 shares are unchanged. For more information visit www.marketmagnify.com/stock-future-power.php 

         GAIL, ICICI Bank, SBI, ONGC and Axis Bank are top gainers while Bharti, Maruti and TCS are losers in the Sensex.
          The Indian rupee opened lower by 6 paise at 67.19 per dollar on Tuesday versus previous close of 67.13.
       Unable to hold its early gains, the market has started to slip quickly. The Sensex is down 26.56 points or 0.1 percent at 26370.21, and the Nifty down 9.85 points or 0.1 percent at 8100.75. About 1007 shares have advanced, 419 shares declined, and 58 shares are unchanged.
         Adani Ports, GAIL, SBI, Tata Motors and ICICI Bank are top gainers while HDFC, Bharti, Bajaj Auto, NTPC and Hero are losers in the Sensex.
         Goldman Sachs says that management's lower store opening guidance will hurt growth. It expects only a small uptick of SSSG to 4 percent in FY17 from 3 percent in FY16 adding that fewer store openings should have a positive impact on SSSG but it remains cautious this time.

           DCB Bank Chairman Nasser Munjee said, "Bengaluru is an important centre for us.... These ATMs are testimony to our commitment to invest in customer facing technology and promote a new way of banking," according to a Bank release.

           Man Industries said this augmented facility will add new milestones for the company and open new market across the globe in high margin line pipe segment in future.

Stock Investment Tips: Adani Power Stock Price

Adani Power raises Rs 330 crore through NCDs

"The organization raised Rs 330 crore on May 10, 2016, by allotment of 3,300 rated, listed, redeemable, zero coupon, non-convertible debentures (NCDs) of the face estimation of Rs 10,00,000 each on a private position premise," Adani Power said in a BSE filing. 

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Stock Price of Adani Power:

On May 12, 2016, at 09:44 hrs Adani Power was quoting at Rs 30.25, up Rs 0.15. The 52-week high of the share was Rs 44.20 and the 52-week low was Rs 19.65. 

The stock's price- to- earnings (P/E) proportion was 1512.5. The most recent book estimation of the organization is Rs 24.55 for every share. At current esteem, the price to-book estimation of the organization is 1.23.

Top Stock Market News by Experts

Stock Market has opened level on Tuesday as the Sensex is down 15.74 focuses at 25673.12. Nifty is down 2.80 focuses at 7863.25. Around 396 shares have progressed, 261 shares declined, and 46 shares are unaltered. HUL is up 1 percent while Adani Ports, Dr Reddy's Labs, Tata Steel and Maruti are top gainers while Tata Motors, Hindalco, NTPC, Bharti Airtel and ONGC are failures in the Sensex.

 

The Indian rupee opened lower by 8 paise at 66.66 for each dollar on Tuesday versus past close of 66.58. 

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Asia markets exchanged mixed, with the Japanese benchmark record driving additions in early exchange, in front of Chinese inflation information due later on Tuesday.

US stocks shut mixed in high-volume exchange, with the Dow Jones industrial average was down 0.2 percent, the S&P 500 closed up 0.08 percent and the Nasdaq composite included 0.3 percent.