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Reports India

Indian stock market daily morning report (August 14, 2014, Thursday)

August 14, 2014, Thursday, 07:01 GMT | 02:01 EST | 10:31 IST | 13:01 SGT
Contributed by Keynote Capitals


Views on markets today

- Markets have ended flat amid a choppy trading session on Wednesday as investors turned cautious on lower industrial growth and rising CPI in July. Moreover, weak first quarter earnings from capital goods major BHEL also soured investor sentiment.

The S&P BSE Sensex gained 38.1- points or 0.15% at 25,918.95 and the CNX Nifty ended higher by 12.50 points or 0.16% at 7,739.55.

- Sun Pharmaceutical Industries closed 2.09% up at Rs 800.25 on BSE after the company reported consolidated net profit at Rs 1,391 crore in Q1 June, 2014 compared with net loss of Rs 1,276 crore in Q1 June, 2013.

- Coal India closed 3.18% down at Rs 352.75 on BSE after consolidated net profit rose 8.1% to Rs 4,033.2- crore on 8.05% growth in net sales to Rs 17,799.54 crore in Q1 June, 2014 over Q1 June, 2013.

- Jaiprakash Associates closed 9.16% down at Rs 53.55 on BSE after the company posted a net loss of Rs 80.61 crore in Q1 June, 2014 compared with net profit Rs 334.51 crore in Q1 June, 2013.

- Engineers India closed 13.89% down at Rs 238.70 on BSE after net profit declined 37.84% to Rs 80.40 crore on 1.74% decline in net sales to Rs 435.49 crore in Q1 June, 2014 over Q1 June, 2013.

- Siemens closed 3.07% down at Rs 830 on BSE, after the company reported a net profit of Rs 12.99 crore in Q3 June, 2014 compared with net loss of Rs 48.82 crore in Q3 June, 2013.

- Max India closed 1.14% down at Rs 299.95 on BSE after net profit fell 19.65% to Rs 81.26 crore on 59.65% decline in total income to Rs 113.41 crore in Q1 June, 2014 over Q1 June, 2013.

- Tata Steel fell 1.33% to Rs 534.70 on BSE after consolidated net profit fell 70.38% to Rs 337.33 crore on 11.08% increase in total income to Rs 36,643.35 crore in Q1 June, 2014 over Q1 June, 2013.

- Arvind Remedies closed 6.14% up at Rs 44.10 on BSE, with the stock extending recent steep rally triggered by the company reporting strong Q1 earnings.

- Among the 12 BSE Sectoral Indices 6 Indices closed in positive while 6 Indices ended the day in negative. Top Gainers: BSE FMCG up by 2.22% and BSE IT by 0.76%. Top Losers: BSE Realty down by 5.22% and BSE Capital Goods by 2.65%.

Market breadth was sharply negative at ~0.40 as investors sold large cap stocks. On provisional basis, FII's bought Rs 3.70bn worth of Indian equities while DII's sold Rs 0.39bn worth of equities.


Buzzing Stocks

- NMDC rose 3.12%, in the early trade, to Rs 178.70 on BSE after net profit rose 21.8% to Rs 1,915.01 crore on 18.48% growth in total income to Rs 4,018.55 crore in Q1 June, 2014 over Q1 June, 2013.

- Indian Oil Corporation closed 1.01% up at Rs 344.40 on BSE after the company reported net profit of Rs 2,522.94 crore in Q1 June, 2014, compared with net loss of Rs 3,093.23 crore in Q1 June, 2013.

- Bharat Heavy Electricals closed 6.57% down at Rs 209.00 on BSE after net profit fell 58.42% to Rs 193.50 crore on 21.35% decline in total income to Rs 5,502.76 crore in Q1 June, 2014 over Q1 June, 2013.

- Rural Electrification Corporation closed 6.07% down at Rs 281.00 on BSE, with the stock sliding on profit booking after recent rally after net profit rose 11.19% to Rs 1,282.79 crore in Q1 June, 2014 over Q1 June, 2013.

- Procter & Gamble Hygiene and Health Care closed 2.78% up at Rs 4,794.50 on BsE after net profit rose 73.36% to Rs 89.92 crore on 14.90% increase in total income from operations to Rs 486.10 crore in Q4 June, 2014 over Q4 June, 2013.

- Unity Infraprojects closed 9.90% down at Rs 28.20 on BSE after the company reported net loss of Rs 49 crore in Q1 June, 2014 as against net profit of Rs 13.27 crore in Q1 June, 2013.

- Bhushan Steel hit a lower circuit limit of 5% at Rs 168.90 on BSE after the company reported a net loss of Rs 141.63 crore in Q1 June, 2014 compared with net profit of Rs 76.26 crore in Q1 June, 2013.

- Mayur Uniquoters closed 8.41% down at Rs 412.40 on BSE after net profit rose 30.6% to Rs 14.9- crore on 17.23% growth in total income from operations to Rs 124.57 crore in Q1 June, 2014 over Q1 June, 2013.

- Unitech closed 17.14% down at Rs 21.75 on BSE on reports the Central Bureau of Investigation began a fresh probe in 2G spectrum allocation case.

- Punjab & Sind Bank closed 8.43% down at Rs 55.40 on BSE after net profit declined 82.4% to Rs 21.43 crore on 13.5% growth in total income to Rs 2,263.29 crore in Q1 June, 2014 over Q1 June, 2013.

- Bank of Baroda closed 3.73% down at Rs 879.15 on BSE after the central bank restricted foreign institutional investors from buying additional shares in the bank as their shareholding has reached the limit.

- BEML hits lower circuit limit of 5% at Rs 588.55 on BSE after the company reported net loss of Rs 95.53 crore in Q1 June, 2014, higher than net loss of Rs 25.84 crore in Q1 June, 2013.

- Jammu & Kashmir Bank fell 9.28%, in the intraday trade, to Rs 1,431.70 on BSE after net profit fell 57.77% to Rs 130.05 crore on 10.63% increase in total income to Rs 1899 crore in Q1 June, 2014 over Q1 June, 2013.

- SpiceJet closed 12.45% down at Rs 11.25 on BSE, with the stock sliding to 52-week low in the intraday trade, on 13th August, 2014, amid a recent string of media reports.