14:00
Moneycontrol BureauLive Market Commentary 02:20pm Tata Coffee falls 2.5%
Tata Coffee's first quarter (April-June) consolidated net profit dropped by Rs 10 crore at Rs 30.3 crore compared to same quarter last year while total income slipped to Rs 374.5 crore from Rs 418.5 crore during the same period.
Operating profit dropped significantly to Rs 80 crore from Rs 103 crore and margin declined 300 basis points to 21.5 percent in the quarter gone by.
02:10pm Telecom stocks active
The telecom space continued to buzz after the Telecom Regulatory Authorities of India (TRAI) permitted spectrum sharing among telecom service providers across all six frequency bands.
Rohit Chordia, Senior Telecom Analyst at Kotak Institutional Equities told CNBC-TV18 that the move will bolster faith in quality operators like Bharti Airtel and Idea Cellular. Both Idea as well as Bharti Airtel is slated to explore the payment bank option route and Chordia believes it is justified considering the reach these two companies have among unbanked population.
Idea, meanwhile, has Idea has posted stellar Q1 numbers and brokerages have raised 12-month target of the stock.
02:00pm The market is on strong footing in afternoon trade supported by telecom, technology, FMCG, healthcare, HDFC twins and oil & gas stocks. However, banks and capital goods stocks are under pressure.
The Sensex rose 186.21 points to 25901.38 and the Nifty rallied 42.60 points to 7726.80 but the broader markets erased gains. About 1349 shares have advanced, 1473 shares declined, and 117 shares are unchanged.
Bharti Airtel, Reliance Industries, Hindalco, HDFC and Tata Motors are prominent gainers, up 2-5 percent whereas Maruti Suzuki, Power Grid Corporation, PNB, L&T, Bank of Baroda, ICICI Bank, Tata Steel and BHEL lost 0.5-1.5 percent.
Among midcaps, Thermax plunged over 8 percent post a 18 percent fall in Q1 bottomline. Suzlon Energy, IRB Infra, Syndicate Bank and Jaypee Infra lost 3-5 percent while Kansai Nerolac, Novartis India, HMT, Tilak Finance and DB Realty gained 5-6 percent.
Anda sedang membaca artikel tentang
Sensex, Nifty hold morning gains but broader markets fall
Dengan url
http://sehatgayahidup.blogspot.com/2014/07/sensex-nifty-hold-morning-gains-but.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sensex, Nifty hold morning gains but broader markets fall
namun jangan lupa untuk meletakkan link
Sensex, Nifty hold morning gains but broader markets fall
sebagai sumbernya
0 komentar:
Posting Komentar