10:02 a.m.: TS Harihar of HRBV Client Solutions says that SIT's recommendations on tightening P-Note norms could make foreign investors jittery.
9:57 a.m.: The Sensex fell 283 points to 27,830 and the Nifty plunged 85 points to 8,436 on the back of broad-based selling due to fears of regulating investment via participatory notes in stock markets.
9:54 a.m.: Syngene International initial public offer (IPO) opened for subscription on Monday. The company plans to garner around Rs 550 crore at the higher end of the price band of Rs 250 through this offer. The issue will close on Wednesday (July29).
9:47 a.m.: Rohit Srivastava of Sharekhan says that banking stocks look weak and could come under further pressure in the short term.
9:40 a.m.: Indian Overseas Bank shares fall 7.6 per cent to hit 52-week low of Rs 35.10 after the state-run lender reported that its net profit declined 95 per cent year on year to Rs 14.76 crore. The bad loans or gross NPAs of the bank jumped to 9.4 per cent of its total advances.
9:32 a.m.: Reliance Industries witness highly volatile trading post the first quarter results which were announced post the market hours on Friday. The stock touched high of Rs 1,035 and low of Rs 1,013 so far. Meanwhile, brokerages are bullish on the stock as it surprised the Street by posting better than expected first quarter numbers.
9:30 a.m.: Rohit Srivastava of Sharekhan says that Nifty has support at 8,400 and if this level is breached, it could slip to 8,280 levels.
9:25 a.m.: Selling pressure was visible across the board. Banking stocks were among the worst hit in the opening trades. The Bank Nifty fell 1 per cent. Metal, auto, capital goods, FMCG, IT and healthcare stocks were also facing selling pressure.
From the Nifty-50 basket of stocks, 42 stocks were declining while 8 were advancing.
HCL Technologies was the top Nifty loser, down 1.8 per cent at Rs 935. Ambuja Cements, ICICI Bank, Cairn India, Tata Motors, Yes Bank, Idea Cellular, Hindalco, Tata Steel, GAIL India, L&T and IndusInd Bank were also among the losers down over 1 per cent each.
9:20 a.m.: The Sensex fell 200 points to 27,913 and the Nifty was down 60 points at 8,460 in the opening deals on the back of broad-based selling pressure.
9:10 a.m.: Nifty falls 29 points to 8,492 and Sensex up 5 points at 28,117 in the pre-market session.
9:00 a.m.: Rupee opens lower at 64.07 per dollar against Friday's close of 64.03.
8:45 a.m.: Biocon's clinical research arm Syngene's IPO will open today. The price band for the issue is Rs 240-250 and there are 2.2 crore shares on offer.
8:40 a.m.: CLSA has maintained its buy rating on RIL for target price of Rs 1,300 per share.
Company confirmed key downstream expansions will start. The stock is within 15 per cent of the March 2017 bear-case value and is trading near its own historical average valuations.
8:35 a.m.: Reliance Industries will be in focus today after the company reported its first quarter numbers for financial year 2015-16 post the market hours on Friday.
Reliance Industries on Friday reported a consolidated net profit of Rs 6,222 crore in the June quarter, meeting estimates. Sales jumped to Rs 77,130 crore as compared to Rs 67,470 crore in the March quarter.
Analysts polled by NDTV expected RIL a net profit of Rs 6,214 crore on revenues of Rs 67,807 crore.
RIL's gross refining margins (GRM) in the June quarter stood at a six-year high of $10.4/barrel.
8:30 a.m.: Meanwhile, foreign institutional investors purchased shares worth $1.2 billion in July so-far. While, domestic institutional investors have been subdued with $400 million net outflows in July so-far.
8:20 a.m.: Here's what analysts polled by NDTV expect from the companies reporting their quarterly numbers today:
Tech Mahindra: Tech Mahindra first quarter sales are expected to come in at Rs 6,251 crore compared to Rs 6,116 crore in the previous quarter. Profit is expected to come in at Rs 596 crore versus Rs 472 crore in the previous quarter.
Dollar revenue is expected to decline 0.1 per cent to $983 million. Company had issued a profit warning before Q1 and Visa costs during the quarter will keep margins under check.
Ambuja Cements: Ambuja Cements second quarter profit is expected to come in at Rs 270 crore compared to Rs 408 crore during the same quarter last year. Sales are expected at Rs 2,506 crore versus Rs 2,706 crore last year. EBITDA margins are likely to decline by 4.8 per cent to 14.6 per cent year on year.
Volume growth recovery and outlook will be key for the company.
Just Dial: First quarter sales of Just Dial are expected to come in at Rs 169 crore compared to Rs 156 crore in previous quarter. Net profit is expected at Rs 34.8 crore versus Rs 47.1 crore in the March quarter.
KEC International: KEC International's first quarter net profit is expected to come in at Rs 21.6 crore compared to Rs 11.3 crore. Net sales are expected to jump to 1,867 crore from Rs 1,694 crore in the same period last year.
MRF: MRF's sales are expected to come in at Rs 3,245 crore versus Rs 3,335 crore (YoY). PAT is expected at Rs 300 crore compared to Rs Rs 230 crore.
Torrent Pharma: Torrent Pharma's Q1 sales are expected to come in at Rs 1,452 crore compared to Rs Rs 1,092cr (YoY). PAT is expected to come in at Rs 280 crore versus Rs 256 crore.
7:45 a.m.: The Sensex and Nifty is likely to open lower in trades on Monday tracking weak global cues. The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty fell 0.6 per cent or 50 points to 8,501.
The Asian markets were trading on a weak note tracking weak Chinese factory data and US home sales numbers.
Japan's Nikkei fell 0.75 per cent, Hong Kong's Hang Seng plunged 1.73 per cent, and China's Shanghai Composite and Shanghai Shenzen 300 indices were down 0.85 per cent each.
The Dow Jones Industrial Average shed 0.92 per cent, while the broad-based S&P 500 dropped 1.07 per cent on Friday.
9:57 a.m.: The Sensex fell 283 points to 27,830 and the Nifty plunged 85 points to 8,436 on the back of broad-based selling due to fears of regulating investment via participatory notes in stock markets.
9:54 a.m.: Syngene International initial public offer (IPO) opened for subscription on Monday. The company plans to garner around Rs 550 crore at the higher end of the price band of Rs 250 through this offer. The issue will close on Wednesday (July29).
9:47 a.m.: Rohit Srivastava of Sharekhan says that banking stocks look weak and could come under further pressure in the short term.
9:40 a.m.: Indian Overseas Bank shares fall 7.6 per cent to hit 52-week low of Rs 35.10 after the state-run lender reported that its net profit declined 95 per cent year on year to Rs 14.76 crore. The bad loans or gross NPAs of the bank jumped to 9.4 per cent of its total advances.
9:32 a.m.: Reliance Industries witness highly volatile trading post the first quarter results which were announced post the market hours on Friday. The stock touched high of Rs 1,035 and low of Rs 1,013 so far. Meanwhile, brokerages are bullish on the stock as it surprised the Street by posting better than expected first quarter numbers.
9:30 a.m.: Rohit Srivastava of Sharekhan says that Nifty has support at 8,400 and if this level is breached, it could slip to 8,280 levels.
9:25 a.m.: Selling pressure was visible across the board. Banking stocks were among the worst hit in the opening trades. The Bank Nifty fell 1 per cent. Metal, auto, capital goods, FMCG, IT and healthcare stocks were also facing selling pressure.
From the Nifty-50 basket of stocks, 42 stocks were declining while 8 were advancing.
HCL Technologies was the top Nifty loser, down 1.8 per cent at Rs 935. Ambuja Cements, ICICI Bank, Cairn India, Tata Motors, Yes Bank, Idea Cellular, Hindalco, Tata Steel, GAIL India, L&T and IndusInd Bank were also among the losers down over 1 per cent each.
9:20 a.m.: The Sensex fell 200 points to 27,913 and the Nifty was down 60 points at 8,460 in the opening deals on the back of broad-based selling pressure.
9:10 a.m.: Nifty falls 29 points to 8,492 and Sensex up 5 points at 28,117 in the pre-market session.
9:00 a.m.: Rupee opens lower at 64.07 per dollar against Friday's close of 64.03.
8:45 a.m.: Biocon's clinical research arm Syngene's IPO will open today. The price band for the issue is Rs 240-250 and there are 2.2 crore shares on offer.
8:40 a.m.: CLSA has maintained its buy rating on RIL for target price of Rs 1,300 per share.
Company confirmed key downstream expansions will start. The stock is within 15 per cent of the March 2017 bear-case value and is trading near its own historical average valuations.
8:35 a.m.: Reliance Industries will be in focus today after the company reported its first quarter numbers for financial year 2015-16 post the market hours on Friday.
Reliance Industries on Friday reported a consolidated net profit of Rs 6,222 crore in the June quarter, meeting estimates. Sales jumped to Rs 77,130 crore as compared to Rs 67,470 crore in the March quarter.
Analysts polled by NDTV expected RIL a net profit of Rs 6,214 crore on revenues of Rs 67,807 crore.
RIL's gross refining margins (GRM) in the June quarter stood at a six-year high of $10.4/barrel.
8:30 a.m.: Meanwhile, foreign institutional investors purchased shares worth $1.2 billion in July so-far. While, domestic institutional investors have been subdued with $400 million net outflows in July so-far.
8:20 a.m.: Here's what analysts polled by NDTV expect from the companies reporting their quarterly numbers today:
Tech Mahindra: Tech Mahindra first quarter sales are expected to come in at Rs 6,251 crore compared to Rs 6,116 crore in the previous quarter. Profit is expected to come in at Rs 596 crore versus Rs 472 crore in the previous quarter.
Dollar revenue is expected to decline 0.1 per cent to $983 million. Company had issued a profit warning before Q1 and Visa costs during the quarter will keep margins under check.
Ambuja Cements: Ambuja Cements second quarter profit is expected to come in at Rs 270 crore compared to Rs 408 crore during the same quarter last year. Sales are expected at Rs 2,506 crore versus Rs 2,706 crore last year. EBITDA margins are likely to decline by 4.8 per cent to 14.6 per cent year on year.
Volume growth recovery and outlook will be key for the company.
Just Dial: First quarter sales of Just Dial are expected to come in at Rs 169 crore compared to Rs 156 crore in previous quarter. Net profit is expected at Rs 34.8 crore versus Rs 47.1 crore in the March quarter.
KEC International: KEC International's first quarter net profit is expected to come in at Rs 21.6 crore compared to Rs 11.3 crore. Net sales are expected to jump to 1,867 crore from Rs 1,694 crore in the same period last year.
MRF: MRF's sales are expected to come in at Rs 3,245 crore versus Rs 3,335 crore (YoY). PAT is expected at Rs 300 crore compared to Rs Rs 230 crore.
Torrent Pharma: Torrent Pharma's Q1 sales are expected to come in at Rs 1,452 crore compared to Rs Rs 1,092cr (YoY). PAT is expected to come in at Rs 280 crore versus Rs 256 crore.
7:45 a.m.: The Sensex and Nifty is likely to open lower in trades on Monday tracking weak global cues. The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty fell 0.6 per cent or 50 points to 8,501.
The Asian markets were trading on a weak note tracking weak Chinese factory data and US home sales numbers.
Japan's Nikkei fell 0.75 per cent, Hong Kong's Hang Seng plunged 1.73 per cent, and China's Shanghai Composite and Shanghai Shenzen 300 indices were down 0.85 per cent each.
The Dow Jones Industrial Average shed 0.92 per cent, while the broad-based S&P 500 dropped 1.07 per cent on Friday.
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