Friday, 19 October 2012

Stock Market Updates and Intraday tips

The stock market today opened on a low note.  After the yesterday's closure where the share market succeeded over 180 points, Sensex today opened below 80 points. The BSE index dropped 79.37 points to 18,712.56 and Nifty declined 23.20 points to open at 5695.50.
After facing the loss Tata Motors jumped up 0.4 percent.
Stocks trading up included ITC, Bajaj Auto and Dr Reddy Labs which were trading up 0.5-0.8 percent. 

Stocks in news on Friday- 19th October 2012

stock market tips 1) Tata Consultancy Services Ltd will be in focus today due to the quarterly results. India 's largest IT player is expected to report a 4.1 per cent sequential growth in dollar revenue to Rs 2840 million from Rs 2728 million reported in the previous quarter.

2) ITC Ltd will be watched ahead of quarterly results. The company is likely to report a jump of 15 per cent in standalone net profit for quarter ended September at Rs 1,745 crore against a net profit of Rs 1,514 crore in the corresponding quarter last fiscal. 

3) Ambuja Cements Ltd, after the company reported 77.3 per cent rise in net profit for the July-September quarter at Rs 304 crore on higher sales realisation and improved operational efficiencies. 

4) Adani Power Ltd will be in focus ahead of its quarterly results. According to ET NOW estimates, the company is expected to report a loss of Rs 252 crore for the quarter ended September 30 as compared to net profit of Rs 177.50 crore in the corresponding quarter of last fiscal. 

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