Tata Motors Group global wholesales at 73,535 in July 2015

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in July 2015 were 30,278 nos., lower by 3%, compared to July 2014. Cumulative commercial vehicles wholesales for this fiscal at 117,040 nos., remained flat, over last fiscal.

The Tata Motors Group global wholesales in July 2015, including Jaguar Land Rover, were at 73,535 nos., lower by 8%, over July 2014. Cumulative wholesales for this fiscal at 3,07,017 nos., remained flat, over last fiscal.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in July 2015 were 30,278 nos., lower by 3%, compared to July 2014. Cumulative commercial vehicles wholesales for this fiscal at 117,040 nos., remained flat, over last fiscal.

Global wholesales of all passenger vehicles in July 2015 were at 43,257 nos., lower by 12%, compared to July 2014. Cumulative passenger vehicles wholesales for this fiscal at 189,977 nos., remained flat, over last fiscal.

Global wholesales of Tata Motors' passenger vehicles in July 2015 were at 10,689 nos., higher by 12%, over July 2014. Cumulative wholesales for the fiscal were at 42,957 nos., higher by 23%, compared to last fiscal.

Global wholesales for Jaguar Land Rover were 32,568 vehicles (Includes CJLR* wholesales). Jaguar wholesales for the month were 6,882 vehicles and cumulative wholesales were 28,084 vehicles, while Land Rover wholesales for the month were 25,686 vehicles and cumulative wholesales were 118,936 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 147,020 vehicles.

*CJLR - It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.

Wockhardt gets UK approval for neuropathic pain capsule pregabalin

The stock has hit a high of Rs. 1710 and a low of Rs. 1672.

Wockhardt Ltd has announced that it has received UK approval for neuropathic pain capsule pregabali, according to reports.

The stock was down 1% to Rs. 1691.

The stock has hit a high of Rs. 1710 and a low of Rs. 1672.

Block deal on Motherson Sumi; stock down 1%

Around 15 lakh shares were traded in a single block at Rs. 340.20 on the NSE. The stock hit a high of Rs. 346 and a low of Rs. 339.35 on BSE today.

Shares of Motherson Sumi Systems Ltd were trading lower 1% at Rs. 341.05 on BSE today. Around 15 lakh shares were traded in a single block at Rs. 340.20 on the NSE. The company reported 62.3 percent growth in Q1FY16 consolidated net at Rs. 265.76 crore when compared with Rs. 163.73 crore in Q1FY15. Total income too increased by 12 percent to Rs. 9,409.51 crore from Rs. 8,396.45 crore.

The stock opened at Rs. 346 as against the previous close of Rs. 343.35 on BSE. It has hit a high of Rs. 346 and a low of Rs. 339.35 on BSE today.

Total traded quantity on the counter stood at over 15.70 lk shares on BSE.

Meanwhile, the BSE Sensex is down 285 points at 27,782.

Cipla slips despite strong Q1 performance

Cipla's Q1FY16 consolidated net more-than-doubled to Rs. 650.61 crore when compared with Rs. 294.58 crore in Q1FY15.

Cipla has slumped nearly 5.5 percent to a low of Rs. 703 in early morning deals despite reporting strong Q1 earnings.

Cipla's Q1FY16 consolidated net more-than-doubled to Rs. 650.61 crore when compared with Rs. 294.58 crore in Q1FY15. Total income rose by 41.3 percent to Rs. 3,902 crore from Rs. 2,760 crore.

The selling at the counter can be attributed to profit-taking as the stock has rallied 4.5 percent in the preceding two trading sessions.

The stock is now down nearly 4 percent at Rs. 712. The counter has seen trades of around 349,000 shares as against the two-week daily average volume of around 149,000 shares on the BSE.

Meanwhile, the Sensex is now down 250 points at 27,816.

Rupee slips further; trades at 65.40 against dollar

The local unit hit a low of 65.41 and a high of 65.25 against the US dollar in Monday trades.

Indian rupee today opened at 65.10 against the dollar, lower by 10 paise versus 65 on Friday. The local unit hit a low of 65.41 and a high of 65.25 against the US dollar in Monday morning trades. Global cues are not really upbeat with most of the Asian markets in the red.The currency which has been falling past seven days also took a pause on Friday on account of buying of dollars by state run banks, which was likely on behalf of RBI. The yuan's over 4% devaluation over the last three trading sessions was the biggest reason for the sharp selloff in the rupee last week.

The rupee ended ended at 65.13/$ on Friday.The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.92 and for Euro stood at 72.55 on August 14, 2015. While, the RBI’s reference rate for the Yen stood at 52.35, the reference rate for the Great Britain Pound (GBP) stood at 101.6171.

Gold imports surge by 62.2% in July

India's gold demand in the second half of 2015 could rise by more than a quarter from a year before as lower prices encourage buying during the peak festival season towards the year-end, WGC said on Thursday.

Gold imports shot up by 62.2% to US$2.96bn last month as against US$1.82bn in July 2014. In June this year, gold imports had slumped by 37% to US$1.96bn.

Higher gold imports in July pushed India's trade deficit to an eight month high of US$12.81bn.

India's gold demand in the second half of 2015 could rise by more than a quarter from a year before as lower prices encourage buying during the peak festival season towards the year-end, the World Gold Council (WGC) said on Thursday.

In the first half of 2015, gold demand from India fell 7% from a year before to 346.2 tonnes, led by a 19% drop in investment demand, WGC data showed.

According to WGC estimates, total Indian gold demand in 2015 would rise by ~11% to about 900 tonnes.

20 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Gammon India Ltd: The company reported widening of its standalone net loss to Rs. 187.50 crore for the first quarter ended June 30, on poor sales and higher finance cost.

Nitin Fire: The company reported a net profit during the June quarter increased by 10.47 per cent to Rs 20.77 crore as against Rs 18.80 crore in the same three months last year. Amitabh Bachchan has bought 15 lakh shares of the company for Rs. 42.99 apiece, according to disclosures made under bulk deal on NSE.

Mahindra & Mahindra: The auto company will launch its new compact SUV named TUV300 on September 10 at Chakan plant in Maharashtra.

GMR Infrastructure Ltd: The company's its board has approved raising up to Rs. 2,500 crore through issue of securities.

DLF: The real estate company will invest about Rs9bn over the next three years on construction of its new commercial project in Gurgaon covering about 2.2 million sq ft of office space. The project will be developed on a 14-acre land.

Axis Bank: The bank has said a fifth of its point of sales machines (c.50,000) will be near-field communication (NFC) enabled by the end of this year, which will help users pay at shops without going through the tedious process of swiping and entering a PIN.

IOC, BPCL, HPCL: Indian Oil has cut prices of petrol by Rs. 1.27 a litre and of diesel by Rs. 1.17, effective on Saturday, the oil marketer announced. 

Cipla: The pharma company reported an over two-fold jump in its consolidated net profit to Rs 650.61 crore for the quarter ended June 30, 2015 mainly on account of robust sales.

Bhushan Steel: The company reported its standalone net loss has widened to Rs. 739 crore for the first quarter ended June 30.

Nestle India: The company has said it is confident of defending the Rs. 6.4bn class action suit filed by the government against it before NCDRC.

Essar Shipping Ltd: The company reported a consolidated net loss of Rs 115.71 crore for quarter ended June 30, 2015. The total income for the quarter was at Rs. 425.9 crore.

MOIL: MOIL has got green clearance for opening a new mine in Nagpur, Maharashtra. The company had applied for mining lease over 53.75 hectare land in Parsoda village, Tehsil Ramtek, Dist. Nagpur for opening a new mine.

Pipavav Defence and Offshore Engineering Company Ltd: The company reported a standalone net loss of Rs 167.27 crore for the fiscal first quarter that ended on June 30, 2015.

Cairn India Ltd: The company has sought government approval for proposed swap deal to skirt an oil export ban, by selling its high-way Rajasthan crude oil to foreign firms at higher rates and in return supplying an equivalent quantity of oil.

Tata Motors Ltd: Tata Motors reported 8.25 per cent decline in global sales, including that of Jaguar Land Rover, at 73,535 units in July. It had sold 80,151 units in the same month last year.

Hindalco Industries Ltd: The company reported a net profit of Rs. 107.19 crore for the quarter ended June, against a profit of Rs. 327.50 crore in the year-ago quarter, hurt by high finance and depreciation costs.

Punj Lloyd: The company reported widening of its net loss to Rs. 597.84 crore for the April-June quarter on sharp decline in income.

Pantaloons: The company plans to invest Rs. 125 crore this fiscal as it plans to add up to 35 stores across the country. Financial year 2015-16 capex guidance for Pantaloons stands at ~Rs. 125 crore mainly towards launch of new stores, according to Pantaloons' parent company Aditya Birla Nuvo.

Monday blues! Sensex slips below 28000 at start

The BSE Mid-cap Index is trading up 0.30% at 11,489, whereas BSE Small-cap Index is trading up 0.23% at 11,793.SBI, Tata Steel, Sun Pharma, Lupin, HDFC, Bharti Airtel and ITC are among the gainers, whereas Cipla, Tata Motors, Hindalco, Dr. Reddy's, ONGC, Vedanta and Infosys are losing sheen on BSE

At 9:24 AM, the S&P BSE Sensex is trading at 27,792  down 275 points, while NSE Nifty is trading at 8,448 down 71 points.

The BSE Mid-cap Index is trading up 0.30% at 11,489, whereas BSE Small-cap Index is trading up 0.23% at 11,793.

SBI, Tata Steel, Sun Pharma, Lupin, HDFC, Bharti Airtel and ITC are among the gainers, whereas Cipla, Tata Motors, Hindalco, Dr. Reddy's, ONGC, Vedanta and Infosys are losing sheen on BSE.

Global cues are not really upbeat with most of the Asian markets in the red.  What could change the tide is as and when further announcements of executive action come as the Modi government seeks to push the economy ahead. Else, the week is expected to be dull in absence of any significant event. A handful of results like Valecha Engineering, Indsil Hydro Power & Manganese and Asahi Infrastructure & Projects are scheduled for the day.

With the earning season behind us market-participants would be tailing the momentum of crude, FIIs and Rupee for further cues. On the global front, investors would be eyeing slew of economic data from world’s largest economy, United States, starting from Housing Starts data on August 18, followed by Consumer Price Index, FOMC Minutes, Jobless Claims, Philadelphia Fed Business Outlook Survey and finally, Existing home sales data on August 20, 2015.

During the annual Independence Day speech at Red Fort, Prime Minister Narendra Modi said Team India -- a team of 125 crore Indians -- will take the country to new heights. Modi said that the next priority of his government is to provide electricity to 18500 villages in the country

The Union Finance Minister Arun Jaitley said that for some years, banks are facing challenging time but there is no cause for panic. Jaitley said that the Government has taken various new initiatives and policy decisions to revamp the Public Sector Banks(PSBs) and improve their overall performance.

Good ethical practices and corporate governance norms followed by the companies can boost the gross domestic product (GDP) by 1.5-2 per cent much like the potential spinoff benefits of the goods and services tax (GST), union power minister, Piyush Goyal said at an ASSOCHAM event.

The country's foreign exchange reserves fell by $113.5 mn to $353.347 bn in the week ended August 7, according to RBI data.

US stocks ended higher after upbeat US economic data. The Dow Jones industrial average rose 69.22 points, or 0.4 per cent, to 17,477.47, while the S&P 500 gained 8.18 points, or 0.39 per cent, to 2,091.57 and the Nasdaq Composite added 14.68 points, or 0.29 per cent, to 5,048.24.

Niko Resources of Canada called off 10% stake sale in Reliance Industries' KG-D6 block apparently because it could not find a buyer, according to reports. Earlier in February, the company announced plans to sell its 10% stake in the KG-D6 block to pay off $ 340 mn debt.

Sensex May Edge Lower; HDFC in Focus

8:00 a.m.: Foreign institutional investors on Friday purchased Indian shares worth Rs 403.7 crore and the domestic institutional investors bought shares worth Rs 179.2 crore.

In the F&O segment, FIIs bought index futures worth 435 crore and sold stock futures worth Rs 71 crore.

8:15 a.m.: Below are the stocks which will be in focus today:

HDFC: HDFC plans to sell its 9 per cent stake in HDFC Life to Standard Life at Rs 95 per share subject and the deal is to regulatory approvals. The deal will help HDFC garner Rs 1,700 crore.

PSU Banking Stocks: Shares of PSU banks such as Punjab National Bank, Bank of Baroda, State Bank of India etc. will be in focus today after the government on Friday announced a seven step strategy as part of its plan to revamp the public sector banks. Government has decided to split the role of Chairman and MD & CEO of PSU banks. Government has also infused Rs 70,000 crore into PSBs.

Cipla: Cipla reported strong set of first quarter numbers on Friday. The company reported profit of Rs 650.60 crore compared to Rs 294 crore during the same quarter last year. Its sales came in at Rs 3,776 crore versus Rs 2,647 crore (YoY).

Tata Motors: Tata Motors' wholesale numbers for month of July on an annual basis came 17.5 per cent lower at 32,568 units. JLR sales were impacted by slower ramp-up at China.

Oil marketing companies: State run oil marketing companies such as Indian Oil, Hindustan Petroleum and Bharat Petroleum will be in focus today after they decided to cut petrol and Diesel prices by over Rs 1 each.

Jet Airways: Jet Airways has said that there is no plan by Etihad to raise its stake and Jet Airways plans to increase its capacity by 10 per cent in the current financial year.

M&M: Mahindra & Mahindra plans to launch SUV TUV300 next month.

DLF: DLF plans to invest Rs 900 crore on construction of new office complex.

7:50 a.m.: The Sensex and Nifty are likely to edge lower in trades on Monday tracking subdued trading of the Nifty futures on the Singapore Stock Exchange. The Nifty which is traded on the Singapore Stock Exchange also known as the SGX NIfty was down 0.22 per cent or 19 points at 8,527.

Meanwhile, other Asian markets were also trading on a subdued note. Hong Kong's Hang Seng index fell 1 per cent, Shanghai Composite index was down 1 per cent, Taiwan Weighted slipped 0.8 per cent and KOSPI was down 0.45 per cent. While, Japan's Nikkei advanced 0.34 per cent.