Market Glance Report for 27-July-2010

The market moved in a narrow range ahead of the RBI’s policy review and as investors awaited key first quarter results.

NSE’s volatility index India VIX, which is a gauge of traders’ perception of near-term risks in the market based on options prices, shed 3.76% to 19.22.

Amongst the index CNX Realty rose the most closing at 453.65(+1.11%).

2.Hindustan Unilever Profit Declines on Price Cuts to Increase Market Share.

3.Treasuries Decline Before Data That May Show the U.S. Economy Is Improving.

4.RBI hikes repo, reverse repo; CRR unchanged.

5.Monsoon rains turn normal in July.

6.JFE invests $1 bln for JSW Steel stake.

7.L&T Q1 net meets f’cast, sees sales up 20 pct in FY11.

8.Mobile Marketing by Web Sms a growing trend or Spam.

• Godrej Industries to invest Rs 230 crore for oleo chemicals facility.
• Glenmark Pharma Q1 net profit zooms by 1064%.
• Asian Paints reports 22.20% jump in Q1 net profit.
• Titan Industries’ Q1 net profit surges 76.54%.
• Deltron reports net profit of Rs 0.01 crore in the June 2010 quarter.
• Mangalore Refinery And Petrochemicals net profit declines 93.22% in the June 2010 quarter.
• Reliance Industries net profit rises 32.32% in the June 2010 quarter.
• OIL Q1 net dips 32% to Rs 501 cr.
• Jubilant Organosys Q1 net dips 50% to Rs 63 cr.
• L&T Q1 net profit up 15% at Rs 666 cr.
• HUL net slips 2% to Rs 533 cr.
• JSW Steel Q1 net up 26% to Rs 295 cr.
• JFE to buy 14.99% stake in JSW Steel.
• S Kumars Nationwide hits 52-week high.
• Indian Bank net profit surges 11%.

0.65
(-13.33)

20.25
(-11.57)

83.00
(-10.46)

8.50
(-8.60)

38.00
(-7.09)