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.

Mcx Golden Stock Tips ; Gold tops Rs 31,000 for first time in 2 years, three factors driving this surge

Prices of the yellow metal on Thursday hit Rs 31,000 on the Multi Commodity Exchange (MCX) for the first time since May 2014, taking cues from a surge in gold prices in global markets. The prices have risen in eight out of the past 10 sessions. We have been providing valuable Tips to our clients through various methods. For more details just visit on www.marketmagnify.com or Give One Missed call us at 78-79-88-11-22 

Gold prices have risen 10 per cent since May 2014 and 24 per cent since the beginning of the year, ending its five-year-long bear market. The yellow metal is the best performing major asset class in 2016, leaving equities far behind. 

Going by what analysts are saying, here are the three factors driving the current rally in the yellow metal. 

1) Brexit fear drives risk off rally: The risk off trade in global risk assets is sending investors flying to the safe haven of precious metals. Gold prices have risen 3 per cent in June and iShares Gold ETF has gone on a similar rally gaining close to 5%. Experts believe if the UK votes against staying with the EU, international gold prices could run up as high as $1,400. 

2) Fed, BoJ status quo energises gold bulls: The decision by two major central banks of the world to hold key policy rates steady has energised the gold bulls. The US Federal Reserve's outlook for reduced interest rate hike in 2017 and 2018 has added further stimulus to the frenzied gold buying as investors looked to hedge against the negative interest action by Bank of Japan and the European Central bank. 

3) Dollar bears help gold bulls: The inverse relationship between dollar and gold is playing out in favour of the Gold bulls. Comments from the US federal Reserve have sent the dollar tumbling against major currencies and that has aided the rally in the precious metal as international prices hit their highest level since August 2014. The dollar index, a gauge of US dollar against six major developed currencies, slipped 0.38 per cent in Thursday's trade while gold prices rallied 2.05 per cent at home.