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  • NIFTY  8361  -160.55 -1.88%
  • SENSEX 27561.38  -550.93 -1.96%

In sombre mood: Equities drop, Oil relegates as Chinese sell-off continues

India Infoline News Service | Mumbai | July 28, 2015 08:38 IST

Japan's Nikkei 225 dropped 0.94%, while the Shanghai Stock Exchange Composite Index cracked 2.35%. On Monday, it was a complete bloodbath in Asian pacific region, especially Chinese market which clocked their sharpest daily percentage decline since 2007 on mounting worries of authorities pulling back on measures to prop up the market.

Weak start likely for Sensex,Nifty

India Infoline News Service | Mumbai | July 28, 2015 08:32 IST

The Nifty, which scaled over 700 points from the lows of June (7936) to 8650 in mid July, in a mere 27 trading sessions is now struggling. The global cues remain subdued for now. US markets have closed on a weak note. Asian markets remain under pressure. Some cherry-picking could take place among the large caps if sentiment improves later in the day. A lot of F&O adjustments will also take place.

Results to watch out for: Punjab National Bank, Maruti Suzuki India

India Infoline News Service | Mumbai | July 28, 2015 08:29 IST

The results which are expected today are Punjab National Bank, Bank of India, 3I Infotech, Union Bank of India, Dalmia Bharat, Maruti Suzuki India, BASF India, Blue Star, Dish TV, J. Kumar Infraprojects.

Daily Market Strategy - Difficulties continue: Another weak start for Sensex, Nifty

IIFL | Mumbai | July 28, 2015 08:25 IST

Another weak start is in store for the indices. The Nifty, which scaled over 700 points from the lows of June (7936) to 8650 in mid July, in a mere 27 trading sessions is now struggling. The global cues remain subdued for now.

Top economy news of the day - July 28, 2015

India Infoline News Service | Mumbai | July 28, 2015 08:14 IST

All India peak deficit of power dropped to 3% in June as against 5.1% in the corresponding period a year ago mainly on the back of sizeable generation capacity addition which more than doubled during the month, data by the Central Electricity Authority showed.

Top corporate news of the day- July 28, 2015

India Infoline News Service | Mumbai | July 28, 2015 08:10 IST

Aurobindo Pharma announced that the company has received final approvals from the USFDA to manufacture and market Esmolol Hydrochloride Injection 100 mg/10 ml.

Power Grid board approves investment worth Rs. 307.18 crore

India Infoline News Service | Mumbai | July 27, 2015 17:13 IST

The company accorded the investment approval for 'Transmission System associated with RAPP 7 & 8 Part-B at an estimated cost of Rs. 307.18 Crore

Dena Bank, GAIL India hit new 52-week lows

India Infoline News Service | Mumbai | July 27, 2015 16:57 IST

The NSE Nifty opened below the 8,500-level at 8,492, which was also the high of the day, and sank to a low of 8,351. The Nifty eventually ended with a steep loss of 1.9 percent (161 points) at 8,361.

JMT Auto, Granules India, 50 others scrips hit all time high

India Infoline News Service | Mumbai | July 27, 2015 16:51 IST

On Monday, the BSE Sensex opened almost flat at 28,118, but soon plunged into red on weakness across-the-board. The BSE benchmark index extended losses as the day progressed and touched a low of 27,530 at the fag end of the day.

Andhra Bank surges 2%; shining well in Q1 results

India Infoline News Service | Mumbai | July 27, 2015 16:48 IST

The bank booked a net profit of Rs. 203 crore in Q1FY16, as against Rs. 107 crore in a year ago period.

Pfizer rallied high; stong Q1 performance

India Infoline News Service | Mumbai | July 27, 2015 16:44 IST

The company's Q1FY15 net profit rose by 43.4 percent to Rs. 53.83 crore when compared with Rs. 37.53 crore in the corresponding quarter a year ago.

Deccan Gold Mines hits 20% upper circuit

India Infoline News Service | Mumbai | July 27, 2015 16:42 IST

Government of India has been updated to indicate that the Mining Lease application of the Company's subsidiary i.e, Deccan Exploration Services with regard to the Ganajur Gold Project has been approved by Ministry of Mines on 24 July, 2015.

Relaxo Footwears rallies 3.7% on strong Q1 earnings

India Infoline News Service | Mumbai | July 27, 2015 16:39 IST

The company reported almost 56 percent growth in Q1 net profit at Rs. 36 crore versus Rs. 23.13 crore on year-on-year basis.

Jaiprakash Associates slumps 5%;

India Infoline News Service | Mumbai | July 27, 2015 16:37 IST

The ratings agency Credit Analysis and Research (CARE) cut the company's total bank loans and long-term non-convertible debentures (NCDs) worth Rs. 29,303.40 crore to default rating due to a delay in servicing of debt by the company and poor liquidity.

IOB cracks 6% on dismal Q1 performance

India Infoline News Service | Mumbai | July 27, 2015 16:35 IST

The bank's Q1FY16 net profit slumped by 94.5 percent to Rs. 14.76 crore when compared with Rs. 271.72 crore in the corresponding quarter a year ago.

Kolte-Patil plunges 4%, reports nearly 25% drop in net profit

India Infoline News Service | Mumbai | July 27, 2015 16:33 IST

The company reported 24.7 percent drop in consolidated net profit at Rs 14.47 crore for the first quarter ended June, 2015, as against Rs. 19.22 crore in the same period last fiscal.

Havells India slumps 5% on Q1 results

India Infoline News Service | Mumbai | July 27, 2015 16:32 IST

The company reported a net profit of Rs. 107.37 crore for Q1FY16, when compared with Rs. 107.27 crore in Q1FY15.

PFC ends 2% lower despite strong response for OFS

India Infoline News Service | Mumbai | July 27, 2015 16:28 IST

The company's OFS (Offer For Sale) received a strong response. The government had set the floor price at Rs. 254 per share to dilute 5 percent of its stake in Power Finance Corporation.

Just another Manic Monday! Sensex crashes by over 550 points

India Infoline News Service | Mumbai | July 27, 2015 16:25 IST

Commenting on the market crash, Amar Ambani, Head of Research, IIFL said, A confluence of domestic and global factors led to a sell off today. Despite clarifications, the P-Note issue seems to have unnerved investors for now. The falling rupee had its impact on few sectors. The monsoon session of Parliament is seeing nothing but adjournments. A sustained fall in base metals and slowdown in China saw the Shanghai index crashing by over 8%. The ripples of the same were felt in our market too. Investors were also cautious ahead of this week's US Federal Reserve meeting on 28 29 July for fresh hints on the timing of a rate hike. Hectic F&O activity at the 8500 levels initially ahead of expiry saw the Nifty come crashing below 8400 by the end of the day. Few corporate results which did well managed to buck the trend like Tech Mahindra and MRF.

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