Thursday, 6 August 2015

Today's Nifty Future Trends on Indian Market

Siemens Ltd shares may open higher after strong operating performance in April-June, but high valuations and fall in order intake may weigh at higher levels.Stock trades at 76.85x 1-year forward earnings.Order intake for the quarter stood at 22.34 bln rupees vs 26.69 bln rupees in Jan-March.April-June EBITDA margin at multi-year high of 10.7 pct.Margin expansion was witnessed across most segments, led by multiple factors such as possible write-back of provision, savings in material costs

Bata India fell over 2 per cent while Simens was up over 2 per cent. Ramco Cements gained over 4 per cent while Brigade Ent surged over 7 per cent in trade. Balaji Telefilms gained over 4 per cent. 

The market has opened flat with a positive bias. The Sensex gained 23.31 points at 28246.39 and the Nifty rose 5.75 points to 8573.70. About 690 shares have advanced, 271 shares declined, and 65 shares are unchanged on the BSE.

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