Asian markets are trading mixed. Hong Kong's Hang Seng and Shanghai Composite are trading higher. US stocks closed lower on Monday.
The indices are set to open on a flat note. Asian markets are trading mixed. Hong Kong's Hang Seng and Shanghai Composite are trading higher. Japanese stocks led early losses in Asia markets.The benchmark Nikkei 225 was down 1.57%.
US stocks closed lower on Monday. The Dow Jones Industrial Average closed down 0.42% at 18,493.06 points. The S&P 500 index finished down 0.3% at 2,168.48 points, while the Nasdaq Composite ended 0.05%, lower at 5,097.63 points. Federal Reserve Open Committee is set to begin its two-day monetary policy meeting on Tuesday.
Telecom Commission recommended a 3% annual usage charge for the spectrum to be sold in upcoming auction while fixing the same as the minimum rate even for existing airwaves with all operators.
Arun Jaitley will meet state ministers to put pressure on the opposition Congress party to back a long-delayed sales tax reform whose chances have again been thrown into doubt by a parliamentary standoff.The meeting is aimed at discussing proposed amendments to the GST Bill that has been passed by the Lok Sabha but is stuck in the Rajya Sabha.
Among other stocks in focus:
Dr.Reddy’s: The pharma company will announce its Q1 numbers today.
HDFC Bank: RBI has imposed a penalty of Rs.2 crore on the Bank on account of pendency in receipt of bills of entry relating to advance import remittances made and lapses in adhering to KYC/AML guidelines in this respect.
Maruti Suzuki: The auto company will announce its Q1 numbers today. The company is planning to transport vehicles through inland waterways and has inked a pact with the government for this, a move that will help the country's' largest carmaker reduce its logistic costs, as per media reports.
Canara Bank: The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.
Tata Motors: The company is desirous of offering the fourth series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 400 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on July 28.
Bajaj Corp: Bajaj Corp recorded a rise of 10.1% in its net profit at Rs.52.2 crore for the quarter ended June 30, 2016 as compared to Rs.47.4 crore for the quarter ended June 30, 2015.
PNB: Reserve Bank of India imposed an aggregate penalty of Rs.3 crore on the Bank in exercise of powers conferred under Section 47 (A) (1) (c) read with Section 46 (4) (i) of Banking Regulation Act, 1949.
PNC Infratech: The company has bagged a project worth Rs.232.91 crore for four-laning of a road in Uttar Pradesh.
Eveready Industries: Eveready Industries India Ltd reported a rise of 10.3% in its net profit at Rs.22.4 crore for the quarter ended June 30, 2016 as compared to Rs.20.3 crore for the quarter ended June 30, 2015.
Indiabulls Housing Finance: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015.
Eicher Motors: The company has made a proposal to the Central Government for seeking its approval towards re-appointment of Siddhartha Vikram Lal (Non-Resident) as Managing Director of the Company for the period of five years starting from May 1, 2016 to April 30, 2021, as per media report.
Zee Ent: The company will announce its Q1 results today.
Greenply Industries: The company recorded a rise of 26% in its net profit at Rs.34.1 crore for the quarter ended June 30, 2016 as compared to Rs.27 crore for the quarter ended June 30, 2015.
Suven Life Sciences: Suven is exhibiting and presenting several exciting new results and data presentations from Suven’s portfolio of investigational neuroscience New Chemical Entities (NCEs) are being presented at Alzheimer's Association International Conference (AAIC) being held in Toronto, Canada during July 24th to 28th, 2016.
Indian Oil: The oil major is in talks to buy debt-laden Gujarat State Petroleum Corp's stake in the under-construction Rs. 4,500 crore Mundra LNG import terminal in Gujarat.
UltraTech Cement: The company is proposing to issue 7.57%, 3,000 Secured Redeemable Non-Convertible Debentures on private placement basis.
Kalyani Steels: The company recorded a rise of 62% in its net profit at Rs.47 crore for the quarter ended June 30, 2016 as compared to Rs.29 crore for the quarter ended June 30, 2015.
GHCL: The company's total income has increased by 17.3% at Rs.730.8 crore for the quarter against Rs.622.8 crore in the corresponding quarter of the previous year.
K.P.R. Mill: K.P.R. Mill Ltd recorded a rise of 10.7% in its net profit at Rs.9.1 crore for the quarter ended June 30, 2016 as compared to Rs.5.7 crore for the quarter ended June 30, 2015.
Pincon Spirit: Pincon Spirit Ltd recorded a rise of 59.6% in its net profit at Rs.9.1 crore for the quarter ended June 30, 2016 as compared to Rs.5.7 crore for the quarter ended June 30, 2015.
ITC: The Board of Directors at the meeting held on July 22, 2016, redesignated Sanjiv Puri, Wholetime Director, also as Chief Operating Officer of the Company with immediate effect.
Results: Dr.Reddy's Laboratories, Ambuja Cements,Maruti Suzuki India, ACC, Ajanta Pharma, Idfc Bank, Bharti Infratel, TVS Motor Company, United Spirits, V-Guard Industries, NIIT, Excel Industries,Karur Vysya Bank, Firstsource Solutions, Futuristic Solutions, Zee Entertainment Enterprises, Goa Carbon, Tata Elxsi, IDFC, Aunde India,Austin Engineering, Available Finance,Bajaj Finserv, Bajaj Finance, Asit C.Mehta Financial Services, Banco Products, Bijlee Textiles, Capri Global Capital,Charms Industries, Coromandel International,Welspun India, State Bank Of Travancore, Cosmo Films, Deltron, Elantas Beck India, Elecon Engineering, Indian Metals & Ferro Alloys, Ingersoll-Rand (INDIA), L.G.Balakrishnan & Bros, Mahindra Cie Automotive, Manvijay Development Company, Mcs Ltd, Pi Industries, Ponni Sugars, Prime Securities, Pulsar International, Rajratan Global Wire, Shaba Chemicals, Shakti Pumps, Swaraj Engines, Symphony, Triveni Glass, Vinyl Chemicals, Wendt
Global Data: GBP BBA Mortgage Approvals (Jun),USD Redbook index (YoY) (Jul 22),USD Redbook index (MoM) (Jul 22), USD S&P/Case-Shiller Home Price Indices (YoY) (May),USD Markit Services PMI (Jul)PRELIMINAR, USD Markit PMI Composite (Jul)PRELIMINAR, USD Consumer Confidence (Jul),USD New Home Sales Change (MoM) (Jun), USD New Home Sales (MoM) (Jun), USD Richmond Fed Manufacturing Index (Jul), USD 4-Week Bill Auction,USD 5-Year Note Auction
Trends in FII flows: The domestic institutional investors (DIIs) were net sellers of Rs.678.9 mn in the cash segment on Monday, while FIIs were net buyers of Rs.8.91 bn, as per the provisional figures released by the NSE.
US stocks closed lower on Monday. The Dow Jones Industrial Average closed down 0.42% at 18,493.06 points. The S&P 500 index finished down 0.3% at 2,168.48 points, while the Nasdaq Composite ended 0.05%, lower at 5,097.63 points. Federal Reserve Open Committee is set to begin its two-day monetary policy meeting on Tuesday.
Telecom Commission recommended a 3% annual usage charge for the spectrum to be sold in upcoming auction while fixing the same as the minimum rate even for existing airwaves with all operators.
Arun Jaitley will meet state ministers to put pressure on the opposition Congress party to back a long-delayed sales tax reform whose chances have again been thrown into doubt by a parliamentary standoff.The meeting is aimed at discussing proposed amendments to the GST Bill that has been passed by the Lok Sabha but is stuck in the Rajya Sabha.
Among other stocks in focus:
Dr.Reddy’s: The pharma company will announce its Q1 numbers today.
HDFC Bank: RBI has imposed a penalty of Rs.2 crore on the Bank on account of pendency in receipt of bills of entry relating to advance import remittances made and lapses in adhering to KYC/AML guidelines in this respect.
Maruti Suzuki: The auto company will announce its Q1 numbers today. The company is planning to transport vehicles through inland waterways and has inked a pact with the government for this, a move that will help the country's' largest carmaker reduce its logistic costs, as per media reports.
Canara Bank: The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.
Tata Motors: The company is desirous of offering the fourth series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 400 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on July 28.
Bajaj Corp: Bajaj Corp recorded a rise of 10.1% in its net profit at Rs.52.2 crore for the quarter ended June 30, 2016 as compared to Rs.47.4 crore for the quarter ended June 30, 2015.
PNB: Reserve Bank of India imposed an aggregate penalty of Rs.3 crore on the Bank in exercise of powers conferred under Section 47 (A) (1) (c) read with Section 46 (4) (i) of Banking Regulation Act, 1949.
PNC Infratech: The company has bagged a project worth Rs.232.91 crore for four-laning of a road in Uttar Pradesh.
Eveready Industries: Eveready Industries India Ltd reported a rise of 10.3% in its net profit at Rs.22.4 crore for the quarter ended June 30, 2016 as compared to Rs.20.3 crore for the quarter ended June 30, 2015.
Indiabulls Housing Finance: The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015.
Eicher Motors: The company has made a proposal to the Central Government for seeking its approval towards re-appointment of Siddhartha Vikram Lal (Non-Resident) as Managing Director of the Company for the period of five years starting from May 1, 2016 to April 30, 2021, as per media report.
Zee Ent: The company will announce its Q1 results today.
Greenply Industries: The company recorded a rise of 26% in its net profit at Rs.34.1 crore for the quarter ended June 30, 2016 as compared to Rs.27 crore for the quarter ended June 30, 2015.
Suven Life Sciences: Suven is exhibiting and presenting several exciting new results and data presentations from Suven’s portfolio of investigational neuroscience New Chemical Entities (NCEs) are being presented at Alzheimer's Association International Conference (AAIC) being held in Toronto, Canada during July 24th to 28th, 2016.
Indian Oil: The oil major is in talks to buy debt-laden Gujarat State Petroleum Corp's stake in the under-construction Rs. 4,500 crore Mundra LNG import terminal in Gujarat.
UltraTech Cement: The company is proposing to issue 7.57%, 3,000 Secured Redeemable Non-Convertible Debentures on private placement basis.
Kalyani Steels: The company recorded a rise of 62% in its net profit at Rs.47 crore for the quarter ended June 30, 2016 as compared to Rs.29 crore for the quarter ended June 30, 2015.
GHCL: The company's total income has increased by 17.3% at Rs.730.8 crore for the quarter against Rs.622.8 crore in the corresponding quarter of the previous year.
K.P.R. Mill: K.P.R. Mill Ltd recorded a rise of 10.7% in its net profit at Rs.9.1 crore for the quarter ended June 30, 2016 as compared to Rs.5.7 crore for the quarter ended June 30, 2015.
Pincon Spirit: Pincon Spirit Ltd recorded a rise of 59.6% in its net profit at Rs.9.1 crore for the quarter ended June 30, 2016 as compared to Rs.5.7 crore for the quarter ended June 30, 2015.
ITC: The Board of Directors at the meeting held on July 22, 2016, redesignated Sanjiv Puri, Wholetime Director, also as Chief Operating Officer of the Company with immediate effect.
Results: Dr.Reddy's Laboratories, Ambuja Cements,Maruti Suzuki India, ACC, Ajanta Pharma, Idfc Bank, Bharti Infratel, TVS Motor Company, United Spirits, V-Guard Industries, NIIT, Excel Industries,Karur Vysya Bank, Firstsource Solutions, Futuristic Solutions, Zee Entertainment Enterprises, Goa Carbon, Tata Elxsi, IDFC, Aunde India,Austin Engineering, Available Finance,Bajaj Finserv, Bajaj Finance, Asit C.Mehta Financial Services, Banco Products, Bijlee Textiles, Capri Global Capital,Charms Industries, Coromandel International,Welspun India, State Bank Of Travancore, Cosmo Films, Deltron, Elantas Beck India, Elecon Engineering, Indian Metals & Ferro Alloys, Ingersoll-Rand (INDIA), L.G.Balakrishnan & Bros, Mahindra Cie Automotive, Manvijay Development Company, Mcs Ltd, Pi Industries, Ponni Sugars, Prime Securities, Pulsar International, Rajratan Global Wire, Shaba Chemicals, Shakti Pumps, Swaraj Engines, Symphony, Triveni Glass, Vinyl Chemicals, Wendt
Global Data: GBP BBA Mortgage Approvals (Jun),USD Redbook index (YoY) (Jul 22),USD Redbook index (MoM) (Jul 22), USD S&P/Case-Shiller Home Price Indices (YoY) (May),USD Markit Services PMI (Jul)PRELIMINAR, USD Markit PMI Composite (Jul)PRELIMINAR, USD Consumer Confidence (Jul),USD New Home Sales Change (MoM) (Jun), USD New Home Sales (MoM) (Jun), USD Richmond Fed Manufacturing Index (Jul), USD 4-Week Bill Auction,USD 5-Year Note Auction
Trends in FII flows: The domestic institutional investors (DIIs) were net sellers of Rs.678.9 mn in the cash segment on Monday, while FIIs were net buyers of Rs.8.91 bn, as per the provisional figures released by the NSE.
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