NiftyDirect’s Market Glance Report for 23-July-2010

The market breadth weakened, reversing from a strong breadth witnessed earlier in the day.

State Bank of India (SBI) struck a record high above Rs 2,500 and Larsen & Toubro hit a 52-week high. Bhel gained after reporting robust Q1 June 2010 results. But, Wipro slipped on profit booking, halting a six-day rally, after reporting robust Q1 result. Reliance Industries (RIL) was unchanged.

NSE’s volatility index India VIX,rose 1.79% to 19.24, halting a three-day slide.

Amongst the index CNX Realty shed (-1.57%) closing at 458.40.

2.SEBI barred use of mobile phones in dealing rooms

3.Need to Know | Gujarat home minister summoned by CBI.

4.India Needs to Raise Borrowing Costs, Prime Minister Singh’s Adviser Says.

5.The Final Verdict of SEBI V/s. IRDA Tussle.

• Ambuja Cements’ Q2 net profit up by 20%.
• HPCL reports a loss of Rs 1,884.29 cr in Q1.
• Wipro Q1 profit up 31% to Rs1,319 crore.
• Allahabad Bank to raise Rs2600 crore in FY11.
• Wipro net up 31 percent in first quarter.
• Alstom Projects leads gainers in ‘A’ group.
• Praj Industries tumbles after poor Q1 numbers.
• State Trading Corporation of India net profit declines 56.92% in the June 2010 quarter.
• Sulzer India net profit declines 88.47% in the June 2010 quarter.
• Mahindra Composites net profit declines 1.67% in the June 2010 quarter.
• Jet Airways Q1 net profit at Rs 3.5 cr.
• HPCL posts net loss in Q1.
• IFCI Q1 net profit up 17%.
• UCO Bank Q1 net profit up by 45.95%.
• ITC to invest $4.89 bln over next 7-10 years.
• Bharat Forge Q1 PAT seen up at Rs 56 cr.
• Sutlej Textiles and Industries reports Rs 350.78 crore turnover for quarter ended Jun 2010.
• BHEL gains on better Q1 numbers.

0.40

(-11.11)

3.45

(-9.21)

83.00

(-8.39)

2.75

(-8.33)

44.00

(-7.95)