Friday, 30 May 2014

Latest Business News on Indian Stock Market

Reliance Industries (RELI.NS) will spend about $680 million to buy a majority stake in Network18 Media and Investments (NEFI.NS), it said on Thursday, as a potential content provider for its planned 4G internet services.


Cash-rich Reliance, controlled by India's richest man, Mukesh Ambani, has been diversifying into businesses including retail, financial services and telecommunications to counter slowing growth in its core oil and gas business.


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Indian Share Market Analysis and Updates

Indian shares are likely to edge higher, tracking firm Asian markets and taking cues from the Wall Street, where the S&P 500 index posted its third record closing high in four sessions. 

 NSE index futures traded on the Singapore Exchange gain 0.03 percent while the MSCI-Asia Pacific index excluding Japan drops 0.05 percent.


Asian shares edged higher on Friday, catching a lift from another record close on Wall Street, while the dollar groaned under the pressure of slumping U.S. yields.


The S&P 500 index posted its third record closing high in four sessions, as investors shrugged off the first quarterly contraction of the U.S. economy in three years and focused on signs of a strengthening labour market.


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Free Nse Bse Intraday Stock Tips on Mobile

India's BSE index is up 0.3 percent, while the broader NSE index is 0.25 percent higher.

BSE Sensex and Nifty edged up in early trade today after a selloff yesterday. The midcap and smallcap stocks also advanced.


The BSE Sensex plunged 322 points, logging its biggest single-day drop in four months, weighed down by a sharp 8 per cent sell-off in Infosys shares after a key executive quit, amid expiry of monthly equity derivative contracts.


The 30-share index of the Bombay Stock Exchange resumed lower at 24,523.13 and continued to lose momentum to touch an intra-day low of 24,206.50. It settled at 24,234.15, down 321.94 points or 1.31 per cent - its biggest fall since the 426.11-point crash on January 27.


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Thursday, 29 May 2014

Indian Nifty Stock Market News

Shares of  Hero MotoCorp fell over 3 percent intraday on Thursday even though its March quarter earnings were better-than-expectations. The two-wheeler maker’s net profit shrank 4 percent (year-on-year) to Rs 554.43 crore on higher tax expenses. Volume uptick of 4 percent drove sales up by 6 percent at Rs 6513 crore.


Shares in India's Hero MotoCorp fell 2.3 percent after its January-March profit adjusted for other income lagged some analysts estimates.


The motorcycle maker's other income grew by 17.7 percent to 1.23 billion rupees compared to 1.04 billion rupees in the same quarter last year, a company filing shows.

Hero MotoCorp said on Thursday March-quarter net profit was 5.54 billion rupees versus 5.74
billion rupees last year.


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Best Equity Market News in India

The BSE Sensex fell over 100 points, while the broader Nifty declined as much as 28 points to 7,302 on Thursday.


The market is shedding some more gains on May F&O series expiry. The Sensex is down 81.22 points at 24474.87 and the Nifty is down 13.95 points at 7315.70. About 1068 shares have advanced, 781 shares declined, and 72 shares are unchanged.


Bharti, Tata Power, HDFC, M&M and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are Infosys, BHEL, Hero MotoCorp, Hindalco and Wipro.


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Intraday Stock Trading Tips for Today

Shares in India's Infosys Ltd fell 4.7 percent at pre-open trading after president and board member B.G. Srinivas, seen by some investors as a candidate to take over as CEO, resigned.

Infosys did not give a reason for his resignation in its statement to India's stock exchanges. Srinivas, who joined in 1999, will remain in his role until June 10. He is the latest senior manager to leave India's second-largest software services exporter..Infosys was the top loser on the 50-share Nifty benchmark. 

 Infosys was quoting at Rs 2977.15, down Rs 195.05, or 6.15 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2315.75. The company's trailing 12-month (TTM) EPS was at Rs 177.52 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 16.77. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 4.06.

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Wednesday, 28 May 2014

Research on Latest Stock and Nifty Market Update

Indian market fell for a second consecutive session as investors continued to book profits in recent outperformers such as State Bank of India while they wait for actual policies from Prime Minister Narendra Modi and his new cabinet. The broader Nifty closed 0.56 percent lower at 7,318 points, marking only its third daily fall this month. The benchmark BSE Sensex fell 0.68 percent at 24,549.51 points.


The Nifty continued to remain under pressure amid high volatility. It finally ended 41 points lower. Nifty futures premium declined and settled at 2 points. India VIX declined 3.76 percent and settled at 19.10.


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Latest Stock Market & Economy News India‎

Sensex, on Tuesday, fell 167 points and closed at 24,549 due to profit-booking in power and oil & gas stocks as investors became a little cautious after stupendous run of the Sensex in last few weeks.


Shares of India's Sun Pharmaceutical Industries Ltd fall 0.8 percent after quarterly earnings at unit Taro Pharmaceutical Industries fail to beat some analyst estimates. Taro's revenue in January-March grew by 13 percent to $187 million, while profit jumped by 82 percent to $90 million. Sun Pharma is scheduled to report its Jan-March results on Thursday. 


Asian stocks inched higher on Wednesday and the dollar held near an eight-week peak against a basket of currencies,spurred by upbeat U.S. economic data and yet another record close for the S&P 500.


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Tuesday, 27 May 2014

Today Stock Market Trading Review

The market continues to be under selling pressure as the Sensex is down 88.21 points at 24628.67. The Nifty is down 23.75 points at 7335.30. About 827 shares have advanced, 945 shares declined, and 67 shares are unchanged.


Shares in GAIL (India) Ltd fell 2 percent in pre-open trading on Tuesday after its January-March net profit rose by 57 percent to 9.72 billion rupees ($165.36 million), missing some analyst estimates.


The BSE Sensex fell over 150 points, while the broader Nifty declined over 50 points on Tuesday as markets saw an extension of a selloff that started in late trading yesterday.


Foreign investors, who have been the backbone of the recent rally that took the Sensex and Nifty to record highs, were net sellers of cash shares yesterday. FIIs sold shares worth Rs.s. 84 crore on Monday.


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Monday, 26 May 2014

Online Stock Trading Services and Recommendation

The BSE Sensex jumped over 300 points to edge above the psychological 25,000 levels - last seen on May 16, when Narendra Modi won a landslide victory in elections. The broader Nifty gained over 80 points and traded near the key 7,450 levels.


Shares of India's Divi's Laboratories Ltd slump 5.7 percent, heading towards their biggest single-day fall since May 21, 2013, after the company's Jan-March net profit rose by 6 percent to 1.9 billion rupees, lagging some analysts estimates. The drugmaker's operating margin fell to 35 percent from 39 percent. 


The 50-share Nifty index was trading 67 points higher or 0.92 per cent at 7435. It hit a low of 7428.55 and a high of 7441.15 in trade today. 


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