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

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