9:00 a.m.: Rupee opens higher at 63.36/dollar against Tuesday's close of 63.39.
8:45 a.m.:Rajat Bose, independent technical analyst says that Nifty is likely to trade in a range and for this clearing Nifty will not move beyond 8,550.
8:40 a.m.: Bank of America Merrill Lynch has maintained its buy call on State Bank of India for target price of Rs 375 per share. BoFAML says that the bank is well positioned to capitalize on the macro uptick and on the asset quality concerns worst seems to be behind SBI. Risk reward still seems very positive, adds BoFAML.
8:20 a.m.: Below are the stocks which will be in focus today:
Zee Entertainment: Zee Entertainment will declare its first quarter numbers later in the day. Analysts expect the company to post sales of Rs 1,287 crore compared to Rs 1,085 crore during the same period last year. Net profit is expected at Rs 219 crore compared to Rs 210 crore (YOY).
DLF: DLF will be in focus today as reports suggest that the company is in talks with Singapore government's investment arm GIC to raise Rs 3,000 crore by selling its 49 per cent stake in new residential project in Delhi. Deal is likely to be closed by next month.
Tata Motors: Tata Motors may face some selling pressure as its subsidiary Jaguar Land Rover reported flat sales for the month of June. JLR retail volumes came in flat at 39,602 units. Sales in its biggest market China declined by 46 per cent to 6,242 units (YoY).
Lupin: Lupin has sought for shareholders nod for issuing securities worth Rs 7,500 crore.
India Cements: India Cements will move Supreme Court against suspension of Chennai Super Kings from Indian Premier League.
Jindal Steel: JSPL's promoters have pledged 3.4 per cent stake with Axis Trustee Services.
NHPC: NHPC has raised Rs 1,475 crore by issuing long term 'T' series bonds.
Century Ply: Century Ply has incorporated a new entity in Indonesia.
8:10 a.m.: The foreign institutional investors purchased Indian shares worth Rs 269.9 crore while domestic institutional investors sold shares worth Rs 130 crore.
In the derivatives segment, the FIIs purchased index futures worth Rs 890 crore and sold stock futures worth Rs 430 crore.
7:50 a.m.: The Sensex and Nifty are likely to open on a positive note ahead of number of global events which are due later in the day. The Nifty traded on the Singapore Stock Exchange also known as the SGX Nifty was up 0.2 per cent indicating a positive start for the Indian markets.
However, the markets are likely to trade cautiously take ahead of global events which are due to take place later in the day. Greece Parliament will vote on a sweeping austerity package to secure the funding it needs to stem its fiscal crisis and remain in the euro zone.
Chinese economic data, Bank of Japan's policy decision and congressional testimony by the U.S. Federal Reserve chief are also some events which market participants would watch out for
8:45 a.m.:Rajat Bose, independent technical analyst says that Nifty is likely to trade in a range and for this clearing Nifty will not move beyond 8,550.
8:40 a.m.: Bank of America Merrill Lynch has maintained its buy call on State Bank of India for target price of Rs 375 per share. BoFAML says that the bank is well positioned to capitalize on the macro uptick and on the asset quality concerns worst seems to be behind SBI. Risk reward still seems very positive, adds BoFAML.
8:20 a.m.: Below are the stocks which will be in focus today:
Zee Entertainment: Zee Entertainment will declare its first quarter numbers later in the day. Analysts expect the company to post sales of Rs 1,287 crore compared to Rs 1,085 crore during the same period last year. Net profit is expected at Rs 219 crore compared to Rs 210 crore (YOY).
DLF: DLF will be in focus today as reports suggest that the company is in talks with Singapore government's investment arm GIC to raise Rs 3,000 crore by selling its 49 per cent stake in new residential project in Delhi. Deal is likely to be closed by next month.
Tata Motors: Tata Motors may face some selling pressure as its subsidiary Jaguar Land Rover reported flat sales for the month of June. JLR retail volumes came in flat at 39,602 units. Sales in its biggest market China declined by 46 per cent to 6,242 units (YoY).
Lupin: Lupin has sought for shareholders nod for issuing securities worth Rs 7,500 crore.
India Cements: India Cements will move Supreme Court against suspension of Chennai Super Kings from Indian Premier League.
Jindal Steel: JSPL's promoters have pledged 3.4 per cent stake with Axis Trustee Services.
NHPC: NHPC has raised Rs 1,475 crore by issuing long term 'T' series bonds.
Century Ply: Century Ply has incorporated a new entity in Indonesia.
8:10 a.m.: The foreign institutional investors purchased Indian shares worth Rs 269.9 crore while domestic institutional investors sold shares worth Rs 130 crore.
In the derivatives segment, the FIIs purchased index futures worth Rs 890 crore and sold stock futures worth Rs 430 crore.
7:50 a.m.: The Sensex and Nifty are likely to open on a positive note ahead of number of global events which are due later in the day. The Nifty traded on the Singapore Stock Exchange also known as the SGX Nifty was up 0.2 per cent indicating a positive start for the Indian markets.
However, the markets are likely to trade cautiously take ahead of global events which are due to take place later in the day. Greece Parliament will vote on a sweeping austerity package to secure the funding it needs to stem its fiscal crisis and remain in the euro zone.
Chinese economic data, Bank of Japan's policy decision and congressional testimony by the U.S. Federal Reserve chief are also some events which market participants would watch out for
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