Showing posts with label stock market tips. Show all posts
Markets may open lower on weak global cues
By : Simran Shah
Markets are likely to open in the negative territory tracking weak global cues.
Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
The U.S. S&P500 stock index posted its worst daily fall since April
and its first monthly drop since January on Thursday, as economic data
sparked concern the Federal Reserve could raise interest rates sooner
than some have expected.
Problems in overseas economies added to the bearish tone, with
Argentina defaulting on its debt for the second time in 12 years.
Stocks to watch:
Maruti Suzuki India,
the country’s largest car maker, reported a 20.7 per cent increase in
net profit at Rs 762 crore for the financial year’s first quarter ended
June.
JSW Steel, India’s third-largest steel maker, plans to
invest $22 billion (about Rs 1,32,000 crore) through the next 10 years
to raise its total capacity from 14.3 million tonnes (mt) to 40 mt by
2025.
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INDIAN BENCHMARKS ended flat on Geopolitical tension.
By : Simran Shah
INDIAN EQUITY BENCHMARKS closed flat after a range-bound session to perform in-line with most Asian peers amid rising geopolitical tensions after a strike on Malaysia Airlines flight MH17 in eastern Ukraine near the Russian border on Thursday that killed nearly 300 passengers on-board.
• Further, Shares of Wipro was up 2% after the company announced that it has entered into a strategic alliance with Alberta-based ATCO Ltd., one of Canada's premier corporations.
• Zee Entertainment Enterprises has reported a 6 percent fall in its first quarter (April-June) consolidated net profit at Rs 211 crore compared to Rs 224.6 crore in the year-ago period.
The crucial resistance for Nifty is now seen at 7685 and above this 7730. Support for the immediate term is now placed at 7595 and next support will be 7535.
NEWS TO WATCH:
• Watch out Quarterly Earnings of HDFC Bank, HDIL, Idea Cellular, Canara Bank, Exide Industries, Hindustan Zinc 21ST July 2014.
• Further, Shares of Wipro was up 2% after the company announced that it has entered into a strategic alliance with Alberta-based ATCO Ltd., one of Canada's premier corporations.
• Zee Entertainment Enterprises has reported a 6 percent fall in its first quarter (April-June) consolidated net profit at Rs 211 crore compared to Rs 224.6 crore in the year-ago period.
The crucial resistance for Nifty is now seen at 7685 and above this 7730. Support for the immediate term is now placed at 7595 and next support will be 7535.
NEWS TO WATCH:
• Watch out Quarterly Earnings of HDFC Bank, HDIL, Idea Cellular, Canara Bank, Exide Industries, Hindustan Zinc 21ST July 2014.
INDIAN BENCHMARKS end flat amid range bound trades
By : Simran Shah
INDIAN
EQUITY BENCHMARKS ended flat amid choppy trades after investors turned cautious
and booked profits at higher levels.
·
Further, Bajaj Auto lost 2.3% after weak first
quarter earnings. It has reported a flat growth in the first-quarter standalone
net profit at Rs 740 crore, due to higher expenditure including employee cost.
·
Mahindra and Mahindra Ltd fell 3.1 percent after
11.8 million shares changed hands in twenty-four block deals on the BSE
exchange.
The
crucial resistance for Nifty is now seen at 7665 and above this 7730.
Support for the immediate term is now placed at 7530 and next
support will be 7460.
