Lupin Q4 profit soars 47% on US biz despite 65% rise in R&D cost

Lupin's fourth quarter earnings surpassed analysts' expectations on Thursday with consolidated profit soaring 47.5 percent to Rs 807 crore compared to year-ago period, driven by strong international as well as domestic business despite sharp spike in tax cost. Revenue in Q4 increased 35.9 percent to Rs 4,181.2 crore with international business rising 41.1 percent (to Rs 3,305.7 crore) and India growing 19 percent (to Rs 875.5 crore) compared to corresponding period of last fiscal, the pharma major said in its filing.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

Indian Share Market Trading Tips Services

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600

The S&P BSE Sensex slipped over 100 points in Thursday morning trade ahead of outcome of assembly elections in the high-stakes Assembly elections in West Bengal , Kerala Tamil, Nadu, Puducherry and Assam. The fall in the index was led by losses in HDFC Bank, HDFC, ITC, L&T, and Axis Bank. 

Castrol India down as much as 4.7 pct to its lowest since March 29.Castrol Ltd selling up to 10.5 percent stake in Castrol India for as much as $287 million, according to a term sheet seen by Reuters.Share sale at an indicative range of 355-385.25 rupees per share vs its 385.25 rupees closing price on Wednesday.

JSW Steel Q4 profit up 3-fold to Rs 171cr, FY16 loss at Rs 742cr

JSW Steel's fourth quarter consolidated profit nearly trebled to Rs 171.25 crore compared to Rs 62.38 crore in year-ago period, supported by operational performance and other income. Revenue declined 15 percent to Rs 10,697.52 crore in quarter ended March 2016 compared to Rs 12,599.7 crore in same period last fiscal. Operating profit (earnings before interest, tax, depreciation and amortisation) grew by 8.4 percent to Rs 1,825 crore and margin expanded by 370 basis points to 17.1 percent compared to year-ago period. JSW Steel said it expects FY17 crude steel production at 15.75 million tonnes against 12.56 million tonnes in FY16, adding sales volume in Q4 increased 7 percent to 3.28 million tonnes YoY. In FY16, the steel company posted a loss of Rs 741.95 crore against profit of Rs 1,796.57 crore in previous year. Revenue in same period fell 20.9 percent to Rs 41,878.88 crore compared to earlier year. JSW Steel shares advanced 1.45 percent to close at Rs 1,310.35 on Bombay Stock Exchange.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

Online Share Trading Market Tips

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600.

The Nifty50 failed to build on the momentum it had begun the day with and closed below its crucial psychological level of 7,900 on Tuesday, making a 'Gravestone Doji' pattern on the daily candlestick charts. The Nifty50 opened at 7,896.85 and closed at 7,890.75 on Tuesday. It rose to an intraday high of 7,940.10, which resulted in the formation of a long upper shadow, and slipped to 7,879.70 which made a small lower shadow on the charts. 

Indian shares posted their second straight session of gains on Tuesday, after exit polls showed a likely first-time victory for Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in the key northeastern state of Assam, raising hopes about its reform agenda.

News on Mcx,Commodity,Stock Market Trading Sessions

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 4759600.

Equity benchmarks maintained early gains with the Sensex rising over 150 points, led by oil, auto, infra, technology and select FMCG stocks. The broader markets also gained, rising 0.4 percent. The 30-share BSE Sensex climbed 154.47 points to 25807.70 and the 50-share NSE Nifty advanced 46.45 points to 7907.20. The market breadth remained positive as about two shares advanced for every share declining on Bombay Stock Exchange.

Sun TV shares jumped as much as 9.5 per cent on Tuesday after exit poll results predicted a victory for opposition DMK in Tamil Nadu. Chennai-based Sun TV is owned by Kalanithi Maran, the grandnephew of DMK President M Karunanidhi.

HSBC upgrades India rating as hype gone; lists 8 stocks it likes

Brokerage house HSBC India has upgraded its rating on the Indian market to ‘neutral’ from ‘underweight’, saying valuation premium to Asia has declined and is now approaching a 10-year average premium. “The hype is almost gone,” says the HSBC note, adding, “High-frequency indicators suggests the earnings environment might improve, although earnings expectations remain too optimistic.”

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

Analysis on Indian Stock Market Trading Tips

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600.

The market is still dragging with weakness in banks, capital goods, IT and metals. The Sensex is down 232.77 points or 0.9 percent at 25557.45, and the Nifty down 67.50 points or 0.8 percent at 7832.90. About 670 shares have advanced, 994 shares declined, and 96 shares are unchanged. Adani Ports, Tata Motors and Asian Paints are top gainers while Dr Reddy's Labs, Bharti Airtel, HUL, ICICI Bank and Tata Steel are losers in the Sensex.

Selling momentum has picked up in banking and metal stocks, leading to sharp decline in Sensex and Nifty. The Sensex fell as much as 275 points, while the Nifty is trading below 7,850. Nifty Bank is down nearly 1 per cent, led by selling in ICICI Bank shares, which are trading 2 per cent lower. SBI is down over 1 per cent. Index-heavyweight Infosys is also trading 1 per cent lower.

Analysis on Indian Share Market Trading Tips

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600

The S&P BSE Sensex plunged over 250 points in morning trade on Friday after retail inflation spiked in April while industrial growth stagnated, which dented any chance of a rate cut by the Reserve Bank of India in the June review.The fall in the index was led by losses in ITC, ICICI Bank, Infosys, HDFC Bank, HUL, and Bharti Airtel. 

Indian shares closed higher on Thursday, led by lenders such as ICICI Bank, after the country's upper house of parliament passed a new bankruptcy code to address corporate debts and improve the ease of doing business.

BSE to provide participant code for derivatives from May 9

Leading stock exchange BSE will introduce a facility to enable trading members to provide participant code (CP code) while entering orders for clients in equity as well as currency derivative segments from May 9. "...exchange shall be making this functionality live from Monday, May 9, 2016 in equity derivatives and currency derivatives segments," BSE said in a circular. It will conduct a mock trading on May 7 in this regard. BSE will enable facility for trading members to provide the CP code at the time of entering orders for clients whose trades are settled by their clearing member and not by the trading member.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

Today's Signal on Indian Stock Market Trading

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600

The market has opened with some gains on Thursday. The Sensex is up 83.47 points or 0.3 percent at 25185.20, and the Nifty up 22.90 points or 0.3 percent at 7729.45. About 304 shares have advanced, 138 shares declined, and 20 shares are unchanged. Sun Pharma, Adani Ports, Hero MotoCorp, Tata Motors and Lupin are gainers while ITC, Tata Steel and Dr Reddy's Labs are losers in the Sensex.

Healthcare stocks led gains, with drugmaker Sun Pharma rising nearly 3 per cent to top the Nifty50 benchmark. Lupin, Cipla and Dr Reddy's shares also saw buying interest.Tata Motors rebounded today, while mortgage major HDFC extended its winning streak to a fifth straight day.Adani Ports continued to face selling pressure and was the top Nifty loser. Adani Ports, which tanked 12 per cent yesterday, traded 3 per cent lower.Cement stocks such as Ultratech and ACC also came under selling pressure.

Indian Stock Market Trading Trends Services

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

Union Cabinet is likely to consider a proposal to ease norms for utilisation of domestic coal so that cost of power generation can be reduced. "The Union Cabinet is likely to consider and approve a proposal to provide flexibility in utilisation of domestic coal for reducing the cost of power generation, in its meeting scheduled for today," a source said. Earlier, the government has allowed swapping of coal mines by users so that transportation cost of coal can be reduced for generation of power.

Markets tried to claw back some losses and the Sensex briefly turned flat, but selling pressure is back on Dalal Street The Sensex is now at intraday low, down 123 points, while the Nifty hit a low of 7,713.

Indian Stock Updates on Today's Market

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market is seeing sudden spurt in buying aided by heavyweights. The Sensex is up 83.21 points or 0.3 percebt at 25686.31, and the Nifty is up 21.30 points or 0.3 percent at 7868.55. About 920 shares have advanced, 519 shares declined, and 77 shares are unchanged. Lupin, Cipla, Tata Steel, Maruti and Axis Bank are top gainers while ICICI Bank, Bharti, M&M, HUL and Reliance are losers in the Sensex.

HCL Tech extended Thursday's fall after weak earnings and was down nearly 5 per cent to be the top loser in Nifty. Idea Cellular, which reported earnings post market hours yesterday, was down 2.7 per cent. The telecom operator reported 25 per cent sequential drop in its net profit at Rs 575 crore for the March quarter. 

79 investment proposals worth Rs 3,300 cr cleared: HP Minister

Himachal Pradesh government has approved 79 proposals envisaging investment of Rs 3,300.16 crore out of total 117 proposals received in recent investor meets, state Industries Minister Mukesh Agnihotri said today. The minister said as many as 117 Industrial proposals with estimated investment of Rs 6,031.37 crore were received as a result of "investors meets" organised by the government at Mumbai, Bengaluru, Ahmedabad and New Delhi last year.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759300

Indian Stock Market Trading Terms

For news on Indian Stock Market Tips,Mcx CommoditMarket Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market has opened lower as the Sensex is down 86.39 points or 0.3 percent at 25920.91. The Nifty is down 20.95 points or 0.3 percent at 7941.70. About 279 shares have advanced, 121 shares declined, and 31 shares are unchanged. Bharti Airtel, ONGC, Adani Ports, Coal India and BHEL are top gainers while Axis Bank, ICICI Bank, M&M, Maruti and Dr Reddy's Labs are losers in the Sensex.

Banking stocks underperformed, with the Nifty Bank slipping 0.5 per cent in early trade. Private lender Axis Bank was the top Nifty loser, falling over 3 per cent, after it placed Rs 22,600 crore worth of corporate loans under a "watch list". Over two years, 60 per cent of these loans can slip into non-performing assets, the lender said.

Maruti Q4 net profit falls 12% at Rs 1134 cr on higher tax

Maruti has posted lower profit in January-March quarter on higher tax and lower other income. The four-wheeler major's net profit fell 11.7 percent in Q4FY16 at Rs 1133.6 crore from Rs 1284.2 crore in corresponding quarter last fiscal. During the quarter, total income rose 12.3 percent at Rs 15306 crore in Q4 against Rs 13624.8 crore year-on-year. In Q4, other income fell to Rs 121.2 crore against Rs 320 crore on annual basis.  The company has said that loss of 10,000 units due to reservation agitation, increased advertising expenses and lower other income slightly impacted profits this quarter.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759300

Credit Suisse downgrades Just Dial on JD Omni concerns

Credit Suisse has downgraded Just Dial   to neutral from outperform with a reduced target price of Rs Rs 950 from Rs 1000. The brokerage is not very upbeat on the stock even though it has has more than doubled from its recent lows. Credit Suisse feels that maintaining pace of paid listing growth, particularly outside the top-ten cities, and competition from vertical players and others are challenges for Just Dial.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759300

Indian Share Market News Updates and Levels

 For news on Indian Share Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The S&P BSE Sensex slipped over 100 points in morning trade on Tuesday, led by losses in ITC, ICICI BankBSE -2.19 %, Tata Motors, Axis BankBSE -0.91 %, and Sun Pharma.The Nifty50 slipped below its crucial psychological level of 7850 weighed down by losses in power, oil & gas, consumer durable, capital goods, banks, and auto stocks. 

The Sensex .BSESN fell for a second consecutive session on Monday as worries about increased capex hit heavyweight Reliance Industries (RELI.NS), while Cairn India (CAIL.NS) was hit after posting a quarterly loss.The Nifty .NSEI fell 0.56 percent to close at 7,855.05, while the Sensex .BSESN ended down 0.62 percent at 25,678.93.

Bharti Airtel up 2%, to consider buy back of shares

Share prices of  Bharti Airtel   advanced 2 percent intraday Monday as the company's board is going to consider the buy back of shares. "The company will consider to recommend final dividend for the financial year ended March 31, 2016 or buy back of equity shares of the company or a combination thereof, in its meeting scheduled to be held on April 27, 2016," as per BSE release. Also, it will consider and take on record the audited financial results for the fourth quarter (Q4) and financial year ended on March 31, 2016, in the said meeting.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759300

Indian Stock Market Trading Alerts and News

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300

The market has kick-started the week with mild gains. The Sensex is up 22.17 points at 25860.31, and the Nifty is down 4.50 points at 7894.80. About 357 shares have advanced, 168 shares declined, and 28 shares are unchanged. GAIL, Bharti Airtel, Dr Reddy's, SBI and HDFC Bank are top gainers while BHEL, Hero MotoCorp, Lupin, Maruti and ITC are losers.

NTPC was the top Nifty loser, down 1.4 per cent to Rs 142. Reliance Industries which reported earnings post the market hours on Friday also fell 1 per cent to Rs 1,029. Tata Steel, ONGC, Asian Paints, HDFC, ITC, Lupin, HDFC Bank, Sun Pharma, Eicher Motors and Tata Motors were also among the losers, down 0.4-1 per cent each.

Tips for Trading in Indian Stock Market Tips

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market is in a consolidation mode with the Nifty hovering around 7900. The 50-share index is down 8 points or 0.1 percent at 7904.05. The Sensex is down 16.68 points at 25863.70. Bajaj Auto, Tata Steel, Adani Ports, Maruti and Tata Motors are gainers while BHEL, Sun Pharma, Infosys, Bharti and HDFc are losers in the Sensex.

Selling was led by IT and banking stocks. Index heavyweight Infosys came under profit taking and slipped 1 per cent. The stock had risen sharply this week, boosted by strong sales forecast for FY17.TCS and HCL Tech also traded lower, though Wipro traded with a positive bias. Wipro shares had slumped 7 per cent yesterday, after the IT major reported disappointing numbers in its Q4.