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.

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The market has opened on a firm note with the Nifty still above 8250. The 50-share index is up 19.05 points or 0.2 percent at 8285.50. For more information visit www.marketmagnify.com/stock-cash-tips.php  & give  a missed call on @ 7879- 88-11-22

   The Sensex is up 91 points or 0.3 percent at 27100.67. About 305 shares have advanced, 114 shares declined, and 24 shares are unchanged.
       Bharti Airtel, HDFC, L&T, Cipla and Adani Ports are gainers while GAIL, HUL, BHEL, Asian Paints and TCS are losers in the Sensex.
      The Indian rupee opened flat at 66.78 per dollar against previous close of 66.77.
           Bharti Airtel, ONGC, L&T, Tata Motors, ITC, HDFC, Cipla and M&M are among the gainers, whereas Asian       Paints, SBI, Bajaj-Auto, Infosys, TCS, Maruti Suzuki and ICICI Bank are losing sheen on BSE.

           Asian markets are mixed with China's Shanghai Composite down 0.74%. Japan's Nikkei and Hang Seng are marginally down. The S&P 500 ended at its best level since July led by a big jump in energy shares. The Dow Jones ended up 17.95 points, or 0.1%, while the S&P 500 gained 2.72 points, or 0.13%.The Nasdaq Composite dipped 6.96 points, or 0.14%.

        Rupee is the top outperformer among the Asian currencies, Japanese brokerage firm Nomura said.

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The Sensex touched 27000 for first time after October last year.The Sensex is up 141.64 points or 0.5 percent at 26984.78, and the Nifty is up 36.20 points or 0.4 percent at 8255.15. About 1096 shares have advanced, 452 shares declined, and 58 shares are unchanged. For more trading tips visit www.marketmagnify.com/stock-cash-tips.php and give a missed call on @ 7879-88-11-22

       The market extended uptrend in early trade Friday, tracking positive global cues. The Nifty reclaimed 8250 level for the first time since October 26, 2015, aided by banking & financials, auto and select technology stocks.
       The 30-share BSE Sensex rose 134.09 points to 26977.23 and the 50-share NSE Nifty climbed 35.15 points to 8254.10.
The Indian rupee opened higher by 6 paise at 67.23 per dollar today against previous close of 67.29.
            Oil prices rose despite world's top oil producers failing to set a cap on production in the OPEC meet yesterday, Brent crude prices were up 22 cents at USD 49.94 per barrel.

      Indian drug industry will see moderation in growth due to slowing of business in the US market with reduction in the number of large size drugs going off patent, increased competition and generic adoption reaching saturation levels, ICRA said. The Indian drug firms have registered strong growth over last decade driven mainly by the US market.

          After the recent rally, the Indian market is now trading at roughly 16.5 times one-year forward earning, which is slightly higher than the 10-year mean, says Surendra Goyal, Head of Research at Citi in a note to clients. The brokerage has raised its Sensex target to 28,800 from 27000 earlier. The revised target implies 16 times estimated earnings for 2017-18.

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Infosys, Adani Ports, M&M, Tata Steel and Wipro are top gainers while Axis Bank, Bajaj Auto, Bharti Airtel, ITC and Hero MotoCorp. For more information visit 

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       The market has opened flat on Thursday. The Nifty is below 8200, down 0.95 points at 8179 and the Sensex is up 6.33 points at 26720.26. About 415 shares have advanced, 305 shares declined, and 37 shares are unchanged.
     The Indian rupee opened marginally higher at 67.42 per dollar versus 67.45 Wednesday.
       Asian shares were steady on Thursday as Wall Street eked out modest gains after the latest batch of US data provided few clues on when the Federal Reserve might raise rates, while a resurgent yen pressured equity markets in Japan.
         Ajanta Pharma looks good and can climb to levels closer to Rs 1,590-1,600 zone. It may take a day or two for that, keep a stop loss below Rs 1,520.

          Bharti Airtel too has given a breakout and it is holding out. It can climb to levels closer to Rs 375, keep stop loss below Rs 357.

           Tata Sponge Iron is trying to build up energy; it is trying to form a bace. It has given indication that it might go up today. The stock can climb to levels closer to Rs 640, keep stop loss below Rs 596."
           Share of South Indian Bank advanced 2.4 percent intraday Thursday as the bank has decided to raise Rs 500 crore via issue of bonds.

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The market bounced back with moderate gains amid mixed global cues on Wednesday. The Sensex rose 53.49 points to 26721.45 and the Nifty advanced 20.70 points to 8180.80. For more information visit www.marketmagnify.com/stock-cash-tips.php

         Benchmarks also reacted positively to better-than-expected GDP data at 7.9 percent for the fourth quarter FY16 and five-year high of 7.6 percent for full year.
       Axis Bank, ITC, M&M, BPCL and Tata Power were early gainers while Tata Motors, ICICI Bank, NTPC and SBI declined.
         Asian markets were mixed with Hang Seng higher by 0.06 percent, the Nikkei 225 down 0.69 percent and the Shanghai Composite trading flat.
          Microsoft sells 1500 patents to Xiaomi to start partnership

The deal, announced on Wednesday, also includes a patent cross-licensing arrangement and a commitment by Xiaomi to install copies of Microsoft software, including Office and Skype, on its phones and tablets.
          ICICI, L&T, BPCL, HUL, Tata Motors to outperform: Credit Suisse

Outperforms include ICICI Bank, L&T, BPCL, HUL, Tata Motors, Shriram Transport and underperforms include SBI, Bharti Airtel & BHEL," Neelkanth Mishra of Credit Suisse says .