Friday, 29 January 2016

Volume growth aided rise in toll income in Q3: IRB Infra

IRB Infrastructure surpassed analysts’ expectations with profit growing by 27.9 percent to Rs 169.6 crore year-on-year on back of strong revenue growth. Revenue rose 38.3 percent to Rs 1,333 crore in the quarter ended December 2015. For this quarter the construction turnover has been at around Rs 808 crore and the revenue from the tolling has come in at around Rs 524 crore which is a healthy growth of almost 10 percent on the tolling side.


For more news on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.

Bank of Japan adopts negative interest rate policy

In a move that was signaled by the Nikkei business daily minutes ahead of the decision, the BOJ said it will apply a rate of negative 0.1 percent to excess reserves that financial institutional place at the bank and introduce a three-tier system on rates.


The Bank of Japan ramped up its aggressive stimulus campaign on Friday, adding negative interest rates on central bank deposits to its massive asset-buying program, stunning financial markets that expected no action or a moderate increase in asset purchases.


For more news on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.

Free Equity Market Analysis and Impact

For news on free equity tips on mobile,free stock tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The market has opened volatile on first day of February series but immediately gained strength. The Sensex rose 122.59 points to 24592.16 and the Nifty climbed 45.50 points to 7470.15. ONGC, ITC, Coal India, HDFC, Bharti Airtel, Vedanta, Cairn India and Kotak Mahindra Bank rallied 1.8-4 percent while ICICI Bank tanked 5 percent. Maruti Suzuki, Axis Bank, Tata Motors and Dr Reddy's Labs lost ground. 
Asian shares got off to a tentative start on Friday after oil cobbled together a third session of gains and markets wagered U.S. interest rates would not be rising much this year, if at all.


Speculation is also rife the Bank of Japan will have to add yet more stimulus, though many doubt it will come at Friday's first policy meeting of the year.

Free Stock Market Analysis and Impact

For news on free stock tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The S&P BSE Sensex surged over 100 points in trade on Friday, led by gains in ITC, HDFC, Sun Pharma, HDFC Bank, Infosys, and TCS. The Nifty50 managed to surge past its crucial psychological level of 7450, supported by gains in oil & gas, metal, consumer durable, and IT stocks. Shares of ICICI Bank tumbled over 5 per cent as the private lender reported increase in its asset quality issues. Maruti Suzuki, too, saw its shares dip about 3 per cent after Q3 numbers. 


India's stock markets ended slightly lower on Thursday after short-covering tied to the expiry of derivatives lifted some shares, while broader gains were capped after the U.S. Federal Reserve kept open the prospect of more rate hikes this year.

Thursday, 28 January 2016

Govt may re-impose customs duty on crude oil imports


With international oil prices slumping to 12-year low, the government may look at reimposing 5 percent customs duty on crude oil imports to shore up revenue by close to Rs 18,000 crore. The government had cut customs duty on crude oil imports to zero from 5 percent in June 2011 when rates zoomed to over USD 100 per barrel. But with oil prices hovering at USD 30 a barrel now, the duty may be back, official sources said.


For more news on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.

HCC Q3 profit falls 28% on provision for forseeable loss

In current financial year, HCC said it won orders worth Rs 3,707 crore and is also the lowest bidder in projects worth Rs 5,978 crore where contracts are yet to be signed.


Hindustan Construction Company   's (HCC) third quarter profit slipped 28.4 percent year-on-year to Rs 19.4 crore, hit by provision of Rs 45.50 crore for forseeable loss. It was also hit by lower revenue but operational performance supported bottomline. 


For more news on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.

Free Investment Tips on Stock Trading

For news on free stock tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The market has opened marginally lower ahead of expiry of January derivative contracts. The 30-share BSE Sensex fell 5.68 points to 24486.71 and the 50-share NSE Nifty declined 3.45 points to 7434.30. ICICI Bank, GAIL, Lupin, Adani Ports, NTPC, Power Grid Corporation, Cairn India and Vedanta were early gainers while losers were HDFC, Bharti Airtel, Maruti Suzuki, L&T, Sun Pharma, Asian Paints, Coal India and NTPC.


A bounce in oil prices offered some salve to strained nerves. While Brent crude was off 23 cents at $32.87 a barrel, this followed a 4 per cent jump on Wednesday after Russia hinted at co-operation with OPEC on oversupply.

Free Investment Tips on Equity Trading

For news on free stock tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The S&P BSE Sensex starts on a cautious note in morning trade on Thursday but with a positive bias, led by gains in ITC, ICIC Bank, RIL, Infosys, and HDFC Bank.The Nifty50 was trading comfortably above its crucial support level of 7400, supported by gains in power, auto, IT and realty stocks. 


Indian stocks ended flat in a volatile session on Wednesday as investors avoided risky bets ahead of the expiry of January derivatives contracts on Thursday and a U.S. Federal Reserve policy statement due later in the day.

Wednesday, 27 January 2016

Bharat Electronics Q3 Profit Up 9%, Revenue Misses Estimates


State-owned aerospace and defence company Bharat Electronics   reported mixed set of earnings in third quarter of FY16. Profit matched analysts' estimates, rising 8.8 percent year-on-year to Rs 296 crore during the quarter supported by other income, but revenue missed expectations. Total income from operations declined 5.7 percent to Rs 1,517.2 crore in Q3 compared to Rs 1,608.2 crore in corresponding quarter of last fiscal, the company said in its filing, adding other income grew by 19.4 percent to Rs 135.5 crore from Rs 113.5 crore in same period.


For more news on free stock tips,free equity tips please visit us atwww.marketmagnify.com/freetrial.php or call at 07316619100.

Titan may see strong Q3 on wedding, festive jewellery sales

Titan is expected to see a stronger December quarter with wedding and festive season pushing jewellery sales on low base. According to CNBC-TV18 poll, Titan is likely to report net profit at Rs 225 crore in December quarter, up 17.9 percent from Rs 191 crore in corresponding quarter last fiscal. Revenue, during the period, is seen up 14.4 percent at Rs 3342 crore against Rs 2922 crore on an annual basis.


For more news on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.

Technical Analysis and Solution on Equity

For news on free equity tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The market has opened higher on Wednesday as the Sensex is up 109.45 points or 0.4 percent at 24595.40. The Nifty is up 38.25 points or 0.5 percent at 7474.40. About 504 shares have advanced, 124 shares declined, and 29 shares are unchanged. Tata Motors, Sun Pharma, Axis Bank, Maruti and Bajaj Auto are top gainers in the Sensex. Among losers are GAIL and TCS.


Selling pressure was visible in banking, metal, oil & gas, capital goods and FMCG stocks. On the other hand, some amount of buying was seen in power, realty and healthcare stocks.Mid-cap stocks were also facing selling pressure. The BSE mid-cap index fell 0.08 per cent.

Technical Analysis and Solution on Stocks

For news on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.

The S&P BSE pared gains after rallying over 100 points in morning trade on Wednesday. The fall in the index was led by losses in L&T, Coal India, HDFC Bank, ITC, and State Bank of India.The Nifty50 too came under pressure and but was still trading above its crucial support level of 7400, supported by gains in power, consumer durable, and Pharma stocks. 

India stocks, bonds and currency markets are closed on Tuesday for a public holiday. Trading will resume on Wednesday.The broader NSE index rose 0.18 percent on Monday, while the benchmark BSE index gained 0.21 percent.

Monday, 25 January 2016

Today's News on Equity Market Change

For news on free equity tips on mobile,free stock tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The market has opened higher on Monday. The Sensex is up 157.91 points or 0.6 percent at 24593.57 and the Nifty is up 46.10 points or 0.6 percent at 7468.55. About 870 shares have advanced, 130 shares declined, and 35 shares are unchanged. SBI, M&M, ICICI Bank, ONGC and Tata Steel are top gainers while Bharti Airtel, Wipro, ITC and HUL are losers in the Sensex.


Meanwhile, buying was visible across the board.  Banking, metal, auto, capital goods and healthcare indices advanced over 1 per cent each in the opening deal.

Today's News on Stock Market Change

For news updates on free stock tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.


The S&P BSE Sensex rallied over 200 points in morning trade on Monday led by gains in ICICI Bank, SBI, Tata Motors, HDFC Bank, and Infosys.The Nifty50 scaled above its crucial level of 7,450 supported by gains in metal, capital goods, oil & gas, realty, and power stocks. 


A recovery in crude oil prices also helped support investors' sentiment. Oil rose 5 percent on Friday to trade above the $30 a barrel mark as bouts of cold weather in the United States and Europe boosted hopes of higher demand.