LIVE MARKET UPDATE

Friday 10 October 2014

Live Nifty Tips Updates on Mobile

Equity benchmarks started of Friday's trade on a negative note following weak global cues post concerns over Europe growth. Infosys ' Q2 earnings beat the street estimates as it has reported a 7 percent growth in second quarter (July-September) profit at Rs 3,096 crore quarter-on-quarter and dollar revenue grew 3.2 percent to USD 2,201 million. The share was up more than 5 percent at Rs 3844.


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Live Stock Tips Updates on Mobile

The S&P BSE Sensex plunged over 200 points in trade on Friday, led by losses in ICICI BankBSE -1.49 %, Reliance IndustriesBSE -1.38 %, Tata MotorsBSE -2.86 %, L&T and State Bank of IndiaBSE -1.02 %. 


InfosysBSE 5.53 % reported a 7.2 per cent QoQ rise in net profit for the quarter ended September 30 to Rs 3096 crore which was above ET Now estimates of Rs 2864.40 crore.

 
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Live Equity Tips Updates on Mobile

NSE index futures on the Singapore Exchange down 0.8 percent.Global shares slumped after weak German export data raised growth concerns. Shares of exporters namely in IT and pharmaceutical sectorson watch.The MSCI-Asia Pacific index excluding Japan slumps 1.3 percent.


Foreign investors sold shares worth of 208.9 million rupees ($3.42 million) on Thursday - NSE.Investors await Infosys' July-Sept results due later in the day.Also on watch, India's industrial output data which likely rose 2.4 pct in August.


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Thursday 9 October 2014

Indian Nifty Market Commentary by MarketMagnify

Equity benchmarks rebounded in early trade on Thursday with the Sensex rising 294.82 points or 1.12 percent at 26541.61. The Nifty reclaimed 7900, up 84.50 points or 1.08 percent at 7927.20 post positive US cues. The broader markets too saw buying interest with the BSE Midcap and Smallcap indices gaining 1 percent each. About five shares advanced for every share declining on the Bombay Stock Exchange.   Hindalco topped the buying list, up 4 percent post Alcoa earnings. BHEL surged 3.5 percent on getting Rs 7800 crore EPC order from Tamil Nadu Generation & Distribution Corporation.


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Indian Equity Market Commentary by MarketMagnify

The S&P BSE Sensex surged over 300 points in trade on Thursday tracking Asian markets, which were trading higher after the US Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it. 


The rally in the index was led by gains in ICICI Bank, InfosysBSE 0.51 %, L&T, TCS, Reliance Industries BSE 0.86 % and TCS. Tracking the momentum, the 50-share Nifty index managed to reclaim its crucial psychological level of 7900, supported by gains in pharma, metal, realty and banking stocks. 


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Indian Stock Market Commentary by MarketMagnify

Hindalco Industries jumps 4 percent.Global rival Alcoa Inc's earnings beat forecasts,propelled by higher aluminium prices.Augurs well for the company's unit Novelis Inc,investors say.Novelis is the world's largest producer of rolled aluminium products.


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Wednesday 8 October 2014

Latest News on Nifty Market Position

Equity benchmarks opened marginally lower on Wednesday following weak global cues. The Sensex slipped 13.61 points to 26258.36 and the Nifty fell 4.75 points to 7847.65. 


About 437 shares have advanced, 315 shares declined, and 28 shares are unchanged. Shares of Sesa Sterlite, Infosys, Hindalco Industries, Sun Pharma, Gail India, NMDC and Jindal Steel were down 0.8-1.6 percent while NTPC, ONGC, Bharti Airtel, M&M, HUL and Tata Power gained 0.5-1 percent.


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Latest News on Equity Market Position

The S&P BSE Sensex managed to recoup losses after falling 84 points in trade on Wednesday, led by losses in InfosysBSE -2.84 %, Sun PharmaBSE -2.21 %, TCSBSE -2.38 % and DRL. 


"FII's selling continues even as investors look forward to the earnings season. The global cues remain weak and indices appear in no mood to stage a smart bounce back soon. US indices came lower. Germany's weak data heightened worries about the strength of global growth as the country's industrial output in
August slid 4 per cent, a fall not witnessed since 2009." 


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Latest News on Stock Market Position

Indian domestic cyclical stocks gain.IMF increased India's GDP growth estimate for FY15 to 5.6 percent from 5.4 percent, while cutting its global growth forecast.

The revised forecast by IMF gives more confidence about the much talked-about cyclical recovery in the domestic economy-Investors.State Bank of India gains 1.2 percent, Larsen & Toubro rises 1.8 percent.Auto maker Mahindra & Mahindra advances 1 percent.


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Tuesday 7 October 2014

Live Nifty Tips Market Update

After a long weekend of five days, equity benchmarks started of Tuesday's trade on a (marginally) lower note with the Sensex falling 22.52 points to 26545.47 and the Nifty losing 11.25 points to 7934.30. 


However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4 percent each. About 595 shares have advanced, 309 shares declined, and 52 shares are unchanged. Shares of ITC, HDFC Bank, HUL, Infosys, Dr Reddy's Labs and UltraTech Cement lost 0.8-1.4 percent while TCS, BHEL, Coal India, ICICI Bank, NTPC, HCL Technologies and BPCL gained 0.7-2 percent.


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Live Equity Tips Market Update

When InfosysBSE 0.39 % declares its second quarter numbers this Friday it will attract a lot of investor and media attention for more than one reason.


For one, it will mark the last time cofounder Narayana Murthy, who returned more than two years ago to steady the ship, will be present when the company announces its results. Two, the management's commentary on business will be a primer for what to expect from results of other software exporters, including TCS and Wipro. 


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Live Stock Tips Market Update

Shares in India's MphasiS Ltd down 2.9 percent.  Analysts say there are concerns over revenues that the company gets from Hewlett-Packard. HP said it would split into two listed companies and eliminate another 5,000 jobs as part of its turnaround plan. HP owns 60 percent stake in MphasiS. Separately, Macquarie downgraded the stock to "underperform" from "outperform.


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