9:20 a.m.: The Sensex and Nifty edged lower in the
opening deals as Sun Pharma was witnessing heavy selling pressure. The
shares of Sun Pharma fell 14 per cent to Rs 813.
9:17 a.m.: Sensex jumped 79 points to 28,499 and the Nifty touched high of 8,630.Infosys shares surged 9 per cent on better than expected Q1 results while the gains were capped on the benchmark indices as Sun Pharma shares plunged over 10 per cent after the company gave a profit warning.
9:08 a.m.: Infosys first quarter numbers beat estimates. Consolidated revenue came in at Rs 14,354 crore versus estimate of Rs 14,066 crore and net profit came in at Rs 3,030 crore compared to estimate of Rs 3,019 crore.
9:05 a.m.: Markets will react more to the Parliament session and less to Infosys earnings, says Gaurang Shah of Geojit BNP Paribas. He continues to be cautious about markets in the short to medium term, and bullish from a long-term perspective.
9:03 a.m.: Sun Pharma shares crash 10 per cent to Rs 852 after the company gave profit warning post the markets hours yesterday.
9:00 a.m.: Rupee opens lower at 63.70/dollar against Monday's close of 63.66.
8:50 a.m.: Foreign institutional investors (FIIs) purchased shares worth Rs 714 crore while domestic institutional investors sold shares worth Rs 848 crore.
8:40 a.m.: Below are the stocks which will be in focus today:
Sun Pharmaceuticals Industries: Sun Pharma is likely face pressure in trades today after the company gave a profit warning post the market hours yesterday. Sun Pharma said on Monday that its revenue in fiscal year 2016 would be flat at best as it struggles to fix manufacturing problems at Ranbaxy Laboratories, which it bought last year.
The company might also decide to shed some low-margin businesses that it believes don't hold long-term value, it said.
Bharti Airtel: Bharti Airtel will be in focus today as reports suggest that Bharti is in talks with Orange to sell some businesses in Africa.
8:35 a.m.: The SGX Nifty was trading absolutely flat ahead of Infosys earnings. SGX Nifty was up 5 points at 8,630.
8:20 a.m.: Below are the earnings expectations of analysts polled by NDTV:
HDFC Bank: India' second largest private sector lender, HDFC Bank will declare its first quarter numbers today. Analysts expect the bank to post net profit of Rs 2,733 crore compared to Rs 2,233 crore in the same quarter last year. The gross non-performing assets are expected to remain unchanged at 0.9 per cent.
Hindustan Uniliver: Hindustan Uniliver's net profit is expected to come in at Rs 1,114 crore compared to Rs 1,056 crore (YOY) on sales of Rs 8,317 crore.
Asian Paints: Analysts expect Asian Paints to post sales of Rs 3,609 crore and net profit should come in at Rs 408 crore.
Eicher Motors: Eicher Motors is expected to post of Rs 2,806 crore and the profit is expected to come in at Rs 223 crore.
Cairn India: Cairn India is expected to post net profit of Rs 972 crore on sales of Rs 2,845 crore.
8:05 a.m.: Blue-chip IT company Infosys will be declaring its first quarter numbers in a short while. According to brokers polled by NDTV, Infosys is likely to post revenues of $2,216 million in the June quarter, a 2.9 per cent sequential rise in constant currency terms.
7:55 a.m.: Meanwhile, the Asian markets were trading on a mixed note. Shanghai Composite and Shanghai Shenzen were down 0.2 per cent each. On the other hand, Nikkei and Hang Seng were trading on a flat note with a positive bias.
Overnight, Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities.
The Dow Jones industrial average rose 13.96 points, or 0.08 per cent, to 18,100.41, the S&P 500 gained 1.64 points, or 0.08 per cent, to 2,128.28 and the Nasdaq Composite added 8.72 points, or 0.17 per cent, to 5,218.86.
7:45 a.m.: The Nifty is likely to open on a flat note in trades on Tuesday tracking flat trading of Nifty on the Singapore Stock Exchange. The SGX Nifty was down 0.02 per cent or 1 point at 8,624.
However, the movement on the benchmark indices would be highly volatile as a slew of blue-chip companies such as Infosys, HDFC Bank, HUL, Asian Paints and Eicher Motors will be declaring their first quarter earnings later in the day.
Traders will also watch out for the monsoon session of Parliament which will start from today. Fate of key legislations such as implementation of GST and land bill will be closely watched out for in this session of Parliament.
9:17 a.m.: Sensex jumped 79 points to 28,499 and the Nifty touched high of 8,630.Infosys shares surged 9 per cent on better than expected Q1 results while the gains were capped on the benchmark indices as Sun Pharma shares plunged over 10 per cent after the company gave a profit warning.
9:08 a.m.: Infosys first quarter numbers beat estimates. Consolidated revenue came in at Rs 14,354 crore versus estimate of Rs 14,066 crore and net profit came in at Rs 3,030 crore compared to estimate of Rs 3,019 crore.
9:05 a.m.: Markets will react more to the Parliament session and less to Infosys earnings, says Gaurang Shah of Geojit BNP Paribas. He continues to be cautious about markets in the short to medium term, and bullish from a long-term perspective.
9:03 a.m.: Sun Pharma shares crash 10 per cent to Rs 852 after the company gave profit warning post the markets hours yesterday.
9:00 a.m.: Rupee opens lower at 63.70/dollar against Monday's close of 63.66.
8:50 a.m.: Foreign institutional investors (FIIs) purchased shares worth Rs 714 crore while domestic institutional investors sold shares worth Rs 848 crore.
8:40 a.m.: Below are the stocks which will be in focus today:
Sun Pharmaceuticals Industries: Sun Pharma is likely face pressure in trades today after the company gave a profit warning post the market hours yesterday. Sun Pharma said on Monday that its revenue in fiscal year 2016 would be flat at best as it struggles to fix manufacturing problems at Ranbaxy Laboratories, which it bought last year.
The company might also decide to shed some low-margin businesses that it believes don't hold long-term value, it said.
Bharti Airtel: Bharti Airtel will be in focus today as reports suggest that Bharti is in talks with Orange to sell some businesses in Africa.
8:35 a.m.: The SGX Nifty was trading absolutely flat ahead of Infosys earnings. SGX Nifty was up 5 points at 8,630.
8:20 a.m.: Below are the earnings expectations of analysts polled by NDTV:
HDFC Bank: India' second largest private sector lender, HDFC Bank will declare its first quarter numbers today. Analysts expect the bank to post net profit of Rs 2,733 crore compared to Rs 2,233 crore in the same quarter last year. The gross non-performing assets are expected to remain unchanged at 0.9 per cent.
Hindustan Uniliver: Hindustan Uniliver's net profit is expected to come in at Rs 1,114 crore compared to Rs 1,056 crore (YOY) on sales of Rs 8,317 crore.
Asian Paints: Analysts expect Asian Paints to post sales of Rs 3,609 crore and net profit should come in at Rs 408 crore.
Eicher Motors: Eicher Motors is expected to post of Rs 2,806 crore and the profit is expected to come in at Rs 223 crore.
Cairn India: Cairn India is expected to post net profit of Rs 972 crore on sales of Rs 2,845 crore.
8:05 a.m.: Blue-chip IT company Infosys will be declaring its first quarter numbers in a short while. According to brokers polled by NDTV, Infosys is likely to post revenues of $2,216 million in the June quarter, a 2.9 per cent sequential rise in constant currency terms.
7:55 a.m.: Meanwhile, the Asian markets were trading on a mixed note. Shanghai Composite and Shanghai Shenzen were down 0.2 per cent each. On the other hand, Nikkei and Hang Seng were trading on a flat note with a positive bias.
Overnight, Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities.
The Dow Jones industrial average rose 13.96 points, or 0.08 per cent, to 18,100.41, the S&P 500 gained 1.64 points, or 0.08 per cent, to 2,128.28 and the Nasdaq Composite added 8.72 points, or 0.17 per cent, to 5,218.86.
7:45 a.m.: The Nifty is likely to open on a flat note in trades on Tuesday tracking flat trading of Nifty on the Singapore Stock Exchange. The SGX Nifty was down 0.02 per cent or 1 point at 8,624.
However, the movement on the benchmark indices would be highly volatile as a slew of blue-chip companies such as Infosys, HDFC Bank, HUL, Asian Paints and Eicher Motors will be declaring their first quarter earnings later in the day.
Traders will also watch out for the monsoon session of Parliament which will start from today. Fate of key legislations such as implementation of GST and land bill will be closely watched out for in this session of Parliament.
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