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Reports India

Indian stock market daily morning report (August 01, 2014, Friday)

August 1, 2014, Friday, 06:02 GMT | 02:02 EST | 10:32 IST | 13:02 SGT
Contributed by Keynote Capitals


Views on markets today

- Markets succumbed to selling pressure in late trades, amid huge volumes, with financial shares leading the decline following the expiry of July derivative contracts. Further, sales by foreign funds also weighed on sentiment.

The 30-share Sensex ended 192 points down at 25,895 and the 50-share Nifty closed 70 points lower at 7,721.

Volumes were large because of the expiry of July derivative contracts. Total market turnover stood at Rs 6.79 lakh crore, the third highest so far.

- Amtek Auto closed 2.91% up at Rs 258.30 on BSE after net profit surged 60.6% to Rs 86.0- crore on 73.4% growth in net sales to Rs 978.80 crore in the quarter ended 30th June, 2014 over the quarter ended 30th June, 2013.

- Torrent Pharmaceuticals rose 3.06%, in the opening hour, to Rs 758.50 on BSE after consolidated net profit jumped 72% to Rs 256 crore on 15% increase in revenues to Rs 1,114 crore in Q1 June, 2014 over Q1 June, 2013.

- IRB Infrastructure Developers closed 7.79% up at Rs 257.45 on BSE after the company said it has strong order book position.

- Heritage Foods closed 5.03% down at Rs 288.70 on BSE after consolidated net profit fell 63.9% to Rs 5.30 crore on 16.2% increase in net sales to Rs 496.80 crore in Q1 June, 2014 over Q1 June, 2013.

- ICICI Bank closed 1.11% down at Rs 1,473.00 on BSE after net profit rose 16.76% to Rs 2,655.30 crore on 13.26% increase in total income to Rs 14,616.71 crore in Q1 June, 2014 over Q1 June, 2013.

- Maruti Suzuki India closed 1.07% down at Rs 2,524.50 on BSE after net profit rose 20.69% to Rs 762.2- crore on 11.72% rise in total income to Rs 11,666.17 crore in Q1 June, 2014 over Q1 June, 2013.

- Among the 12 BSE Sectoral Indices 4 indices closed in positive while - indices ended the day in negative. Top Gainers: BSE Realty up by 0.24% and BSE Healthcare by 0.17%. Top Losers: bSe Power down by 1.35% and BsE Bankex by 1.18%.

Market breadth was negative at ~0.91 as investors sold large cap stocks. On provisional basis, FII's sold a whopping Rs 16.54bn worth of Indian equities while DII's almost matched by buying Rs 14.20bn worth of equities.


Economic and Corporate Developments

- The growth of core sector industries soared to a nine-month high of 7.3% in June as against 1.2% a year ago. The April-June eight core industries' growth was at 4.6% as compared to 3.7% in 2013.


Buzzing Stocks

- HCL Technologies closed 2.66% down at Rs 1,554.90 on BSE after consolidated net profit as per US-GAAP rose 13% to Rs 1,834 crore on 0.9% increase in revenue to Rs 8424 crore in Q4 June, 2014 over Q3 March, 2014.

- Monsanto India closed 6.20% up at Rs 1,990.90 on BSE after net profit rose 26.3% to Rs 71.02 crore on 16.2% increase in net sales to Rs 259.39 crore in Q1 June, 2014 over Q1 June, 2013.

- Force Motors closed 7.97% up at Rs 573.10 on BSE after 3.22% equity changed hands in a bulk deal on BSE yesterday.

- Pidilite Industries closed 3.31% up at Rs 371.85 on BSE, after consolidated net profit rose 4.7% to Rs 168.52 crore on 19.4% increase in total income to Rs 1,362.0- crore in Q1 June, 2014 over Q1 June, 2013.

- Divi's Laboratories closed 1.12% down at Rs 1,474.55 on BSE after the stock turned ex-dividend, on 31st July 2014, for dividend of Rs 20 per share for the year ended March, 2014.

- Navin Fluorine International closed 3.11% down at Rs 574.00 on BSE after net profit dropped 36.6% to Rs 8.50 crore on 10.5% rise in total income to Rs 133.91 crore in Q1 June, 2014 over Q1 June, 2013.

- Talwalkars Better Value Fitness closed 6.80% up at Rs 222.30 on BSE on reports that British health and fitness group David Lloyd is likely to buy 20% in the Indian company for Rs 100 crore.

- Grasim Industries closed 1.26% up at Rs 3,226.90 on BSE after the company commenced commercial production at Greenfield Viscose Staple Fibre plant at Vilayat in Gujarat.

- Astra Microwave Products rose 3.09%, in the noon trade, to Rs 143.25 on BSE after net profit surged 784.26% to Rs 19.10 crore on 404.73% increase in net sales to Rs 187.86 crore in Q1 June, 2014 over Q1 June, 2013.

- Cadila Healthcare closed 4.02% down at Rs 1,118.55 on BSE, with the stock recovering from a steep intraday slide triggered by reports that the USFDA has expressed concerns over the manufacturing process at the company's Moraiya facility.

- Aban Offshore rose 5.58%, in the afternoon trade, to Rs 793.00 on BSE after consolidated net profit rose 104.32% to Rs 152.69 crore on 15.67% increase in total income to Rs 1,027.7- crore in Q1 June, 2014 over Q1 June, 2013.

- Nelco was locked at 5% upper circuit at Rs 60.05 on BSE after the company reported turnaround Q3 result after market hours on Wednesday.

- Mahindra Lifespace Developers surged 15.23%, in the late trade, to Rs 637.60 on BSE after consolidated net profit surged 723.66% to Rs 179.31 crore on 138.46% increase in total income to Rs 436.55 crore in Q1 June, 2014 over Q1 June, 2013.

- NTPC closed 3.01% down at Rs 145.00 on BSE after net profit fell 12.89% to Rs 2,201.20 crore on 15.22% increase in total income to Rs 18,885.14 crore in Q1 June, 2014 over Q1 June, 2013.

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