Rupee slips against US dollar as Iraq violence intensifies.

The rupee hit day's low of 60.43 against the US dollar as the intensifying Iraq crisis leads to fears of supply disruption in oil supplies and domestic shares fell sharply. Local stocks fell more than 1 per cent on waning risk appetite due to the Iraq conflict.

Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country's biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer .. 

India imports nearly two-thirds of its oil needs, leaving its currency especially vulnerable to price swings.

The partially convertible rupee is seen trading in a range of 60.02 to 60.50 during the session. 

Gold futures decline on weak global cues

Gold futures traded down on MCX as speculators indulged in trimming positions following the weak trend in the overseas markets before the US Federal Reserve concludes a two-day policy meeting today putting pressure on the gold prices at futures trade.

The contract for August delivery was trading at Rs 26715.00, down by 0.46% or Rs 124.00 from its previous closing of Rs 26839.00. The open interest of the contract stood at 9137.00 lots.

The contract for October delivery was trading at Rs 26780.00, down by 0.41% or Rs 111.00 from its previous closing of Rs 26891.00. The open interest of the contract stood at 1090.00 lots on MCX.

NIIT moves up on the BSE

NIIT is currently trading at Rs. 59.95, up by 0.05 points or 0.08% from its previous closing of Rs. 59.90 on the BSE.

The scrip opened at Rs. 60.30 and has touched a high and low of Rs. 61.50 and Rs. 59.70 respectively. So far 423001 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.60 on 13-Jun-2014 and a 52 week low of Rs. 14.90 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 65.60 and Rs. 56.50 respectively. The current market cap of the company is Rs. 995.83 crore.

The promoters holding in the company stood at 34.20% while Institutions and Non-Institutions held 26.53% and 39.27% respectively.

NIIT offers cutting-edge programs in Nigeria, mapped to international certifications- Mastermind Series, courses on Oracle, Java, CCNA & CCNP, A+ & N+, Infrastructure Management, Web Design & Development, Graphic Designing, MIS, Project Management, among others.

MTNL soars on adding 12,794 subscribers in May

Mahanagar Telephone Nigam (MTNL) is currently trading at Rs. 33.90, up by 2.10 points or 6.60% from its previous closing of Rs. 31.80 on the BSE.

The scrip opened at Rs. 32.70 and has touched a high and low of Rs. 34.65 and Rs. 32.10 respectively. So far 2612498 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.20 on 26-May-2014 and a 52 week low of Rs. 9.71 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 34.85 and Rs. 27.15 respectively. The current market cap of the company is Rs. 2138.85 crore.

The promoters holding in the company stood at 56.25% while Institutions and Non-Institutions held 21.93% and 19.62% respectively.

Mahanagar Telephone Nigam (MTNL), the state owned telecom firm which operates in Delhi and Mumbai, has added 11,702 mobile subscribers in May, 2014. Following the addition, the company’s total subscriber count stood at 32.60 lakh.

MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.

Network 18 Media hits the roof after fresh investment in BookMyShow

Network 18 Media & Investments hit an upper circuit limit of 5% at Rs 63.95 at 11:49 IST on BSE after the company made an additional investment in Bigtree Entertainment, which owns online entertainment ticketing brand BookMyShow.

Meanwhile, the BSE Sensex was up 6.22 points, or 0.02%, to 25,527.41.

On BSE, so far 1.70 lakh shares were traded in the counter, compared with an average volume of 3.76 lakh shares in the past one quarter.

The stock hit a high of Rs 63.95 and a low of Rs 61.15 so far during the day. The stock hit a 52-week high of Rs 71.45 on 9 June 2014. The stock hit a record low of Rs 25.10 on 3 September 2013.

The stock had outperformed the market over the past one month till 17 June 2014, rising 72.42% compared with 5.80% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 91.97% as against Sensex's 17.02% rise.

The mid-cap company has an equity capital of Rs 523.33 crore. Face value per share is Rs 5.

On a consolidated basis, Network 18 Media & Investments reported net loss of Rs 4.12 crore in Q4 March 2014 compared with net profit of Rs 12.42 crore in Q4 March 2013. Total income rose 4.4% to Rs 762.90 crore in Q4 March 2014 over Q4 March 2013.

Nita Ambani to join RIL Board

Nita M. Ambani is being nominated to the Board in place of Shri. Ramnik H. Ambani, who is retiring at the age of 90 years.

At the 40th AGM, RIL Chairman, Mukesh Ambani Welcomes Nita Ambani to the board of Reliance Industries.

Earlier ,the Board of Directors of Reliance Industries Limited has recommended the appointment of Smt. Nita M. Ambani, the Chairperson of Reliance Foundation as a Director on the Board of Reliance Industries Limited. She is being nominated to the Board in place of Shri. Ramnik H. Ambani, who is retiring at the age of 90 years.

Over the past two decades, Smt. Ambani has made significant contribution to the social sector by leading many path-breaking initiatives spanning education, health, rural transformation, environmental protection and sports.

Tata Steel trades higher on fund raising plan

Tata Steel is currently trading at Rs. 536.70, up by 4.60 points or 0.86% from its previous closing of Rs. 532.10 on the BSE.

The scrip opened at Rs. 535.00 and has touched a high and low of Rs. 538.80 and Rs. 532.05 respectively. So far 225470 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 578.60 on 09-Jun-2014 and a 52 week low of Rs. 195.40 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 565.50 and Rs. 512.50 respectively. The current market cap of the company is Rs. 52154.27 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 40.87% and 24.81% respectively.

Tata Steel will be seeking shareholder’s nod for raising up to Rs 14,000 crore through privately placed debt securities in domestic as well as international markets. Besides, the company would also be seeking approval for hiking the company's borrowing limit from Rs 50,000 crore to Rs 70,000 crore or the aggregate of the paid up capital and free reserves of the company, whichever is higher.

Yes Bank trades in fine fettle on bourses

Yes Bank is currently trading at Rs. 555.00, up by 3.15 points or 0.57% from its previous closing of Rs. 551.85 on the BSE.

The scrip opened at Rs. 552.00 and has touched a high and low of Rs. 558.55 and Rs. 546.85 respectively. So far 163923 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 588.00 on 16-May-2014 and a 52 week low of Rs. 216.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 569.50 and Rs. 508.10 respectively. The current market cap of the company is Rs. 23024.72 crore.

The promoters holding in the company stood at 22.23 % while Institutions and Non-Institutions held 65.65 % and 12.11 % respectively.

The bank reported a rise of 18.79% in its net profit at Rs 430.21 crore for the quarter ended March 31, 2014 as compared to Rs 362.15 crore for the same quarter in the previous year. Total income of the bank increased by 13% at Rs 3013.57 crore for quarter under review as compared to Rs 2667.03 crore for the quarter ended March 31, 2013.

L&T to sell its industrial plot, factory building.

Larsen and Toubro (L&T) is planning to sell its industrial plot, along with factory building including infrastructure in Nashik. In this regard the company has put industrial plot, factory on the block for a minimum bid of Rs 18 crore to Rs 25 crore.

The plot spread over 15,426 square metres in Ambad, MIDC in Nashik, has a built up area of 3,566 square metres, and functioned as a switchgear factory. The current market rate of the area around MIDC is about Rs 12,000 per square metre, valuing the plot at around Rs 18.5 crore.

The infrastructure company would be opening the sealed bids by July 12. Last month, the company also sold its stake in the Dhamra Port, to raise capital to the tune of Rs 5,500 crore.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

Godrej Consumer Products gains on rolling out personal care products

Godrej Consumer Products is currently trading at Rs. 818.75, up by 5.20 points or 0.64% from its previous closing of Rs. 813.55 on the BSE.

The scrip opened at Rs. 815.00 and has touched a high and low of Rs. 821.80 and Rs. 805.40 respectively. So far 2294 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 977.40 on 18-Jul-2013 and a 52 week low of Rs. 672.00 on 27-Jan-2014.

Last one week high and low of the scrip stood at Rs. 903.30 and Rs. 808.80 respectively. The current market cap of the company is Rs. 27876.98 crore.

The promoters holding in the company stood at 63.31% while Institutions and Non-Institutions held 30.18% and 6.51% respectively.

Godrej Consumer Products (GCPL) has rolled out new personal care products under its brand ‘Protek’, which includes three hand-washes, a hand sanitiser and a skin spray mosquito repellant.  With Protekt, the company plans to grab a 10% pie in the segment in the next 3-4 years. The company plans to line up more products in the category as it sees enormous potential in the next 3-4 years.

Godrej Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.