Market Glance Report for 29-July-2010

The key benchmark indices eked out small gains as global stocks rose. Sustained buying by foreign funds, revival of monsoon rains this month and latest data showing easing of food inflation, supported stocks.

NSE’s volatility index India VIX, plunged 6.1% to 18.33.

Amongst the index Bank Nifty closed 10179.70(+1.11%).

2.India gold recovery seen by end-Sept.

3.World is Flat-earn royalties income.

4.Yamaha gets a new adviser: Actor John Abraham.

5.India Renews threat to ban Blackberry services.

6.Drinking water: a big challenge for urban India.

7.Inflation may fall to 6 pc by fiscal-end: RBI.

• Tata Teleservices gets in euphoric mood on reporting strong Q1 numbers.
• Andhra Bank’s net profit for Q1 up 25%.
• Oriental Bank reports 41% growth in June quarter net profit .
• Tata Teleservices reports net profit of Rs 557.88 crore for the Q1.
• Tata Communications Q1 consolidated net loss widens to Rs 281.39 crore.
• Aban Offshore’s Q1 net profit slips by 10.64%.
• SAIL Q1 net profit scales down by 12% at Rs 1176.65 crore.
• Jindal Steel & Power’s net profit up by 45% for Q1.
• Hyundai Q2 profit hits record on US, China demand.
• HCL Tech Q4 net up 23% at Rs237.82 cr.
• NHPC Q1 net profit rises 7% at Rs537.42 cr.
• Nissan posts $1.22 bn profit in Q1.
• Siemens quarterly earnings up 9%.
• Merck sees Q2 profit rise 69%.
• Panasonic returns to profit in first quarter.
• Mahindra’s first quarter profit up 40.3 pc.
• MMTC leads gainers in ‘A’ group.
• Berger Paints shines on acquisition plan.
• Sail loses its sheen after weak Q1 numbers.
• Pennar Industries net profit rises 52.78% in the June 2010 quarter.
• Central Bank of India net profit rises 26.24% in the June 2010 quarter.
• Oil & Natural Gas Corpn net profit declines 24.48% in the June 2010 quarter.
• Mukand Engineers net profit declines 57.45% in the June 2010 quarter.
• ovartis India Q1 net marginally down at Rs 32 cr.
• DLF to sell 92% stake in retail arm.
• Siemens posts 40% rise in Q3 operating profit.
• Apollo Tyres to invest Rs 1,100 cr in nine plants.
• Asia stocks up on earnings; dollar hits 3-mth low.
• Oriental Bank Q1 net up 41% to Rs 363 cr.
• Omaxe Q1 cons net profit up at Rs 21.7 cr.
• Hero Honda Q1 net profit down 1.6% at Rs 492 cr.
• Petronet LNG Q1 net profit down at Rs 111 cr.
• ABB Q2CY10 PAT seen up at Rs 84 cr.
• IFCI touches 52-week high.
• Tata Teleservices gains 5% on better Q1 numbers.
• MMTC is bull of the day: Stock up 21% on split, bonus news.

33.70
(-10.61)

302.00
(-8.97)

234.25
(-8.76)

27.80
(-8.25)

96.30
(-8.11)