Wednesday, 27 July 2016

Indian Share Market ; Top Stocks in Focus on Wednesday, 27 July 2016

The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets. On the upside resistance is visible around 8,620-8,650. Going forward market movement will depend on FII and DII trading activity, quarterly results of the major companies and price movement of crude oil in the international market. For read more click here: www.marketmagnify.com/freetrial.php or give just give a Missed call @7879881122

Here is a list of top stocks that are likely to be in focus today: -
Ambuja Cement: Ambuja CementsBSE 2.28 % reported a healthy 77 percent growth in its standalone net profit at Rs 399.51 crore for the quarter ended June 30, 2016.

Bharti Infratel: Tower company Bharti Infratel on Tuesday said first quarter net profit jumped 71 per cent year-on-year as operators rented more sites - both to expand 3G and launch 4G.

United Spirits: United Spirits BSE 0.67 % on Tuesday reported net profit of Rs 44 crore crore for the quarter ended June, an increase of 277% mainly due to higher exceptional items.

HDFC: HDFC is expected to report 12.1 per cent YoY growth in net profit to Rs 1,525.90 crore for the quarter ended June 30 compared to Rs 1,361 crore reported in the year-ago period, said a Kotak Institutional Equities note.

Bajaj Auto : The two wheeler maker is expected to report 3 per cent YoY growth in the net profit to Rs 1,040 crore for the quarter ended June 30 compared to Rs 1,010 crore reported in the year-ago period.

Bharti Airtel: The telecom major is expected to report 2.8 per cent QoQ growth in the net profit to Rs 1,327 crore for the quarter ended June 30 compared to Rs 1290 crore reported in the previous quarter.

UCO Bank : Allahabad Bank BSE 1.34 %, Bank of India: RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO BankBSE 1.15 %, and Rs 1 crore on Bank of India for violation of anti-money laundering norms.

Lupin: Lupin BSE -0.10 %, India's third-largest drugmaker, is in talks with Japan's Astellas and Shionogi to buy the off-patent medicine brands they have separately put on the block, two people aware of the development said.

Monday, 25 July 2016

Monday Latest Indian Market Highlights ; Nifty Resistance Seen at 8630

The Indian stock market is likely to trend higher on Monday with supportive global cues. Nifty's crucial resistance is seen at 8630. The street expects 15-20 percent Nifty earnings per share (EPS) growth for next two years. Big cues this week for the market will be GST discussion, July series expiry and FOMC meeting on July 26-27. For read more click here: www.marketmagnify.com/freetrial.php or give just give a missed call @7879881122

Axis Bank Q1 asset quality worsened in the first quarter with gross NPA rising 57 percent sequentially due to fresh slippages of over Rs 3600 crore. Vedanta sweetened its merger with Cairn India for the minority share holders. It had offered four preferential shares along with a Vedanta share for every share of Cairn India held.

Latest Market Highlights :-
  • Asia markets higher; ASX up 0.6%, Nikkei up 0.3%, Kospi up 0.4%
  • 'Vedanta's vision is to eradicate poverty, create jobs in India'
  • FPIs pump in $2 bn in July on GST traction, earnings outlook
  • NSE revamps board; appoints Mohandas Pai, 2 others as directors
  • Axis Bank's weak fee income growth dissappoints: IIFL
  • FIPB to consider 12 foreign investment proposals on August 2
  • Buy, sell or hold? Quick trading tips for 6 key stocks
  • Essar Power may sell gas-based plants in Gujarat to pare debt
  • Bull's Eye: Buy Havells, Biocon, Apollo Tyres, Aurobindo Pharma
  • Q1 earnings to remain in focus; mkts to see volatility: Experts
  • Stocks in news: Axis, Cairn, Vedanta, IL&FS Engg, ONGC, Vivimed