Market Glance Report for 28-July-2010

The key benchmark indices edged lower in volatile trade as European stocks and US index futures declined. Index heavyweight Reliance Industries (RIL) fell after Q1 result as gas production is likely to stagnate at 60 million.

NSE’s volatility index India VIX, closed at 19.52(+1.56%).

Amongst the index CNX Realty bleeded the most closing at 446.85(-1.52%)) only exclusion was IBREALEST +2.65%.

2.The fear economy.

3.Venezuela, Colombia spat costs more than friendship.

4.Top 10 consumer complaints.

5.States governments demand CST to continue with GST.

6.Home and auto loans to get costlier in 2 months.

7.When your employees know more than you do.

8.Britain keen to strengthen economic ties with India.

9.Social networks influence purchases: study.

• Lupin’s net profit for Q1 slips 12%.
• M&M reports 40% growth in June quarter net profit.
• LG Q2 tumbles on weak mobiles, TV margins.
• HT Media Q1 net up 44%.
• Welspun Corp shines after strong Q1 outcome.
• Sun Pharma moves up after healthy Q1 prescription.
• MMTC net profit rises 33.83% in the June 2010 quarter.
• TTK Healthcare net profit rises 58.37% in the June 2010 quarter.
• Can Fin Homes net profit rises 10.62% in the June 2010 quarter.
• Sun Pharma Q1 net zooms 244% to Rs 564 cr.
• Bajaj Electricals lowest bidder for Rs 115 cr. projects.
• Sun TV Network June quarter net up 43%.
• M&M June qtr profit up 40%.
• RIL likely to remain under pressure.
• Spicejet Q1 revenues jump to Rs 723 cr.
• Jindal Steel Q1 net profit down at Rs 957 cr.
• Reliance Industries trips on selling pressure.
• HDFC raises FD rates by up to 75 basis pts.

103.70
(-82.68)

59.85
(-16.76)

314.00
(-16.15)

0.40
(-11.11)

125.50
(-7.52)