Showing posts with label CRUDE OIL AND FOREX TRADING TIPS. Show all posts
INDIAN EQUITY MARKET STRATEGY- 08 August 2014
INDIAN BENCHMARK open in the negative territory tracking weakness in the global markets. Results will remain in focus, especially of SBI.
FURTHER, Apollo
Tyres plans to raise about Rs 1,725 crore through issue of securities
was today approved by the shareholders of the company. Reliance
Communication has received Rs. 650 crore from Telecom Infrastructure
Finance Private Limited equivalent to 50% of the issue price of the
Equity.
Trend in FII flows: The
FIIs were net buyers of Rs 192cr in the cash segment on Thursday while
the DIIs were net buyers of Rs. 228cr, as per the provisional figures
released by the NSE.
TOP CORPORATE NEWS
·
Jubilant Food Q1 net down 19%,
same store sales contracts
Jubilant
Foodworks has first quarter (April-June) net profit falling 18.5 percent to Rs
27.7 crore compared to Rs 34 crore in the year-ago period, impacted by weak
operational performance.
·
India Cements Q1 cuts loss to Rs 3
cr
India
Cements has posted a net loss of Rs 2.96 crore in the quarter ended June 2014
as against profit of Rs 16.8 crore in the year-ago period but the loss was
reduced compared to loss of 30.56 crore in January-March quarter.
·
Jubilant Industries drops on poor
Q1 nos
Jubilant Industries
slipped nearly 17% after reporting a consolidated net loss of Rs18.90 crore for
the first quarter ended June 30, 2014 (Q1), due to lower operational income and
higher interest cost. The agrochemicals company had loss of Rs16.96 crore in
the same quarter last fiscal.
·
Rail stocks suge after Cabinet
clears 100% FDI in railways
Shares of
railways have rallied after the Union Cabinet cleared the proposal to allow
100% foreign direct investment (FDI) in railway infrastructure.
INDIAN EQUITY MARKET STRATEGY- 07 August 2014
INDIAN BENCHMARK open flat, following the cabinet plan to raise the
amount of FDI in defence and railways industries. IT stocks could
seem dip in sentiment after Cognizant lowered its revenue growth expectations
for the full year to 14% from 16.5%.
FURTHER, Piramal Enterprises Ltd has
posted a net profit of Rs. 28963.20 mn for the quarter ended June 30, 2014 as
compared to Net Loss of Rs. (1466.60) mn for the quarter ended June 30, 2013. IDBI bank has posted a net profit of Rs. 1048.10 million for the quarter
ended June 30, 2014 as compared to Rs. 3069.50 million for the quarter ended
June 30, 2013.
Trend in FII flows: The FIIs were
net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs
were net buyers of Rs. 32cr, as per the provisional figures released by
the NSE.
