INDIAN BENCHMARKS fell from their record highs, on profit booking in key financial and metal stocks after majority of the quarterly earnings announced by corporate Inc disappointed.
Axis Bank posted a net profit of Rs. 16667.60 mn for the quarter ended June 30, 2014 as compared to Rs. 14089.30 mn for the quarter ended June 30, 2013. Reliance Industries reported better-than-expected quarterly profit in its first quarter. Its consolidated net profit increased 13.7% YoY to Rs. 5,957 crore.
The INDIAN BENCHMARKS SENSEX ended 145 point down at 26126.75 and the 50-share NIFTY closed 40 point down at 7790.45.
GLOBAL MARKET CHASE
ASIAN STOCKS were mixed in early trade with Tokyo up on inflation data in line with expectations.
U.S. STOCKS falling on disappointing earnings from online retailer Amazon.com Inc and credit card company Visa Inc .
EUROPEAN STOCKS declined, despite positive German consumer climate data as markets awaited the release of a report on the German business climate due later in the trading session.
WEEK AHEAD
In the coming week, corporate earnings will continue to dictate market trend in the truncated trading week. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month July 2014 series to August 2014 series.
The near-month July 2014 F&O contracts expire on Thursday, 31 July 2014.
Shares of automobile companies will be in focus as auto companies start unveiling sales volume data for July 2014 from Friday, 1 August 2014.
Shares of public sector oil marketing companies will be in focus as a monthly revision in diesel prices is due at the end of the month.
For mor details call us to: 0731-6669900,6790000
Axis Bank posted a net profit of Rs. 16667.60 mn for the quarter ended June 30, 2014 as compared to Rs. 14089.30 mn for the quarter ended June 30, 2013. Reliance Industries reported better-than-expected quarterly profit in its first quarter. Its consolidated net profit increased 13.7% YoY to Rs. 5,957 crore.
The INDIAN BENCHMARKS SENSEX ended 145 point down at 26126.75 and the 50-share NIFTY closed 40 point down at 7790.45.
GLOBAL MARKET CHASE
ASIAN STOCKS were mixed in early trade with Tokyo up on inflation data in line with expectations.
U.S. STOCKS falling on disappointing earnings from online retailer Amazon.com Inc and credit card company Visa Inc .
EUROPEAN STOCKS declined, despite positive German consumer climate data as markets awaited the release of a report on the German business climate due later in the trading session.
WEEK AHEAD
In the coming week, corporate earnings will continue to dictate market trend in the truncated trading week. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month July 2014 series to August 2014 series.
The near-month July 2014 F&O contracts expire on Thursday, 31 July 2014.
Shares of automobile companies will be in focus as auto companies start unveiling sales volume data for July 2014 from Friday, 1 August 2014.
Shares of public sector oil marketing companies will be in focus as a monthly revision in diesel prices is due at the end of the month.
For mor details call us to: 0731-6669900,6790000
Rudra Investment is the best Free Nifty Tips for get back profit through investing market and this blog is very good for investment.
ReplyDelete