Manpasand Beverages Edges Higher After Weak Debut

Sharemasterindia.com: Shares of fruit drinks maker Manpasand Beverages ended higher on Thursday, reversing early losses. Making a tepid debut on the bourses, Manpasand Beverages opened at Rs 300 on NSE, down over 6 per cent from its issue price of Rs 320.

It fell nearly 11 per cent at its day's low of Rs 285.70. At day's high, it rose to Rs 342.60.

Dhirendra Singh, CMD of Manpasand Beverages, attributed the weak debut to market volatility. He defended the pricing of the issue, saying that otherwise the IPO would not have been fully subscribed.

Sensex Falls Over 100 Points on Selling in IT, Oil & Gas Stocks

Sharemasterindia.com 3:30 p.m.: The Sensex provisionally closed 85 points lower at 27,602 and the Nifty slipped 28 points to settle at 8,335.

3:25 p.m.: The capital goods stocks were witnessing buying. The BSE capital goods index surged 2 per cent; Suzlon Energy, BHEL, Larsen & Toubro, Mahindra CIE and Crompton Greaves were among the top gainers, up 1.7-6.2 per cent each.

3:16 p.m.: Oil & gas stocks extend losses; the BSE oil & gas index fell 2 per cent. BPCL, Indian Oil, HPCL and Oil India fall 2-5.5 per cent each.

Nifty Gainers/ Losers

Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
BHEL LT HINDALCO HEROMOTOCO ACC	264.40 1,849.70 104.20 2,606.85 1,494.00	3.40 2.39 2.31 2.23 1.79	51,79,842 19,24,705 66,49,528 4,18,101 1,47,195

Losers
Symbol	LTP	% chng	Volume
BPCL VEDL TCS CAIRN INFY	868.95 138.95 2,529.35 164.95 940.25	-5.15 -4.63 -2.53 -1.82 -1.80	37,86,879 1,69,96,150 19,66,332 15,47,826 42,91,776

Do visit for: NSE Top Gainers & Losers

Eros International Denies Stake Sale Plan, Shares Tank 20%

Sharemasterindia.com: Shares of Eros International slumped nearly 20 per cent on Thursday after the company clarified that it is not in talks to sell a stake.

Earlier in the day, shares of Eros rose as much as 11 per cent after a Mint newspaper report, citing sources, said that the Bollywood film producer and distributor is in advanced talks to sell a stake in its Eros Now unit to Singapore-based Fullerton Fund Management.

8K Miles Software Services Surges Over 8% on Strong Q1

Sharemasterindia.com: 8K Miles Software Services shares surged over 8 per cent to an intraday high of Rs 920 on Thursday after the company reported strong growth in its earnings for the first quarter of FY16.
 
In a filing to exchanges, the company said that its net profit surged 14 per cent sequentially to Rs 7.2 crore from Rs 6.3 crore last quarter. On a year-on-year basis, its net profit registered a growth of 139 per cent.

Live: Sensex Edges Lower on Weakness in IT Stocks Ahead of TCS Results

Sharemasterindia.com 1:34 p.m.: The last time Tata Consultancy Services reported its quarterly results, its shares posted their biggest one-day loss in six months. India's biggest outsourcer missed sales estimates, while its profits beat estimates mainly on account of higher other income. TCS' attrition rose for a fourth straight quarter.

According to Nomura, TCS has missed revenue growth expectations in the last three quarters because of segment-specific weakness in energy, telecom and insurance verticals.

1:14 p.m.: Nifty was trading on absolutely flat note. China's markets recovered and on the commodities front base metal prices stabilised after cracking yesterday.

China Markets Rebound After Curbs On Selling

Beijing/Shanghai(Sharemasterindia.com): Chinese stocks rallied on Thursday after the securities regulator banned shareholders with large stakes in listed firms from selling, in Beijing's most drastic step yet to stem a sell-off that has roiled global financial markets.

As the daily drumbeat of official announcements aimed at propping up the sinking equity market continued, state news agency Xinhua said police would investigate "malicious" short-selling of stocks, and the banking regulator said it would allow lenders to roll over loans backed by stocks.

Yes Bank Shares Rebound as Management Challenges UBS Downgrade

Sharemasterindia.com: Yes Bank shares rebounded nearly 3 per cent on Thursday following the 7.5 per cent plunge yesterday. The intense selling pressure in Yes Bank on Wednesday was attributed to a downgrade by global investment bank UBS.

UBS, in research published on Tuesday, said loan approvals to stressed companies had risen 85 per cent in three years to March 2015, adding Yes Bank had shown the biggest rise. UBS downgraded Yes Bank to "sell" and slashed its target price on the stock by 26 per cent, saying the lender was "most vulnerable to a large corporate default".

Live: Nifty to See Flat Opening; Calmness Returns in China Markets

Sharemasterindia.com 9:10 a.m.: The Sensex was down 6 points at 27,681 and Nifty was up 2 points at 8,365 in the pre-market session.

9:06 a.m.: 8K Miles: 8K Miles Q1 earnings came in line with the expectations. Total income came in at Rs 50.6 crore compared to Rs 42.6 crore.

9:04 a.m.: Axis Bank, Bajaj Auto, Bajaj Finance and Eclerx will go ex-dividend today.

9:00 a.m.: Rupee opens higher at 63.54/dollar against Wednesday's close of 63.59.

Ace Investment Advisory's Hot Stocks for 09.07.2015

Ace Investment Advisory's Hot Stocks for 09.07.2015

HCLTECH @ 933

 

Buy HCLTECH above 933 with strict stoploss below 925 for intraday targets 939/946

YESBANK @ 797.50

Buy YESBANK above 797.50 with strict stoploss below 789 for intraday targets 802/813

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