NSE BSE Indian Stock Tips - Aceinvestmentadvisory.com: 07/29/15

Wednesday, July 29, 2015

Wipro To Be Strategic IT partner To US-Based DSM

Sharemasterindia.com: Wipro on Wednesday announced that it has been selected by DSM, a global, science based company active in health, nutrition and materials, as its strategic IT partner to provide Workplace Services.

Pidilite Industries Shares Surge 5% As Q1 Net Jumps 33%

Sharemasterindia.com: Pidilite Industries shares surged as much as 4.6 per cent on Wednesday after the manufacturer of adhesives and chemicals posted strong June quarter earnings.

Pidilite Industries, which owns the Fevicol brand of adhesives, reported a 33 per cent jump in net profit for the quarter ended June 30, 2015. Its net profit rose to Rs 225 crore in the June quarter from Rs 168 crore during the same quarter of the previous year.

Asia Stocks Up As China Steadies, Wary Of Fed

Sydney(Sharemasterindia.com): Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 0.6 percent in choppy morning trade, while the Shanghai Composite rose 0.7 percent.

Sentiment has been soothed a little by pledges from Chinese regulators to buy shares to stabilise stocks if needed and hints of more policy easing from the central bank.

Live: Sensex Edges Higher, Nifty Above 8,350

Sharemasterindia.com 10:03 a.m.: SpiceJet shares advanced 5.6 per cent to hit 52-week high of Rs 28.10 after the company posted its best ever first quarter numbers yesterday.

9:56 a.m.: Sensex jumps 83 points to 27,542 and Nifty gains 24 points to 8,361.

9:47 a.m.: Won't put my money in companies with high price to earnings ratio like Sun Pharma or TCS, says Shankar Sharma of First Global.