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.

Get Stock Market Trading Calls for Tomorrow ; Sensex, Nifty Sluggish

Today The Indian stock market is still under pressure as the Nifty hovers around 8100. The 50-share index is down 14.85 points or 0.2 percent at 8095.75 and the Sensex is down 34.66 points or 0.1 percent at 26362.11. About 1536 shares have advanced, 835 shares declined, and 133 shares are unchanged.Get More Market Updates Trading Calls Just Visit on www.marketmagnify.com or Give Missed Call at +91-78-79-88-11-22

TCS, Hero MotoCorp, Asian Paints, HUL and Bajaj Auto are losers in the Sensex while Adani Ports, SBI, Cipla, GAIL and Tata Motors are gainers. Gold fell Rs 56 to Rs 30,568 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas. 

Microsoft agrees to buy LinkedIn for $26.2 billion Microsoft has announced it will buy enterprise social network LinkedIn in a deal valued at $26.2 billion. The tech giant's biggest purchase comes under Chief Executive Satya Nadella who is reshaping Microsoft since taking over in 2014 to appeal more to business customers with cloudbased services and productivity tools.