Nifty Morning Outlook on 1st August 2014: After the weak global market reactions nifty may expect to open in the range of 7685-7695. Nifty: According to Pivot points table support for Nifty Future prices at 7720 and 7690 level. 7775 and 7805 found resistance to the nifty. Bank Nifty: Nifty: According to Pivot points table support for Bank Nifty Future prices at 15260 and 15155 levels. 15435 and 15540 found resistance to the Banks nifty. USDINR Movement: On 31th July USD/INR closed negative at 60.55 (or -0.82%) in spot Market. Trade Statistics on 31-7-2014: The turnover of cash and F&O in NSE is Rs 22637.67 crs and Rs 420919.95 crs respectively. FII and DII activities in cash segment: On 31-7-2014 FII sold Rs 1654.86 crs While DII bought Rs 1420 crs. Today’s Results: Union Bank United Spirits TTK Health Karur Vysya Bank Stocks to watch: Tata Motors: Tata Zest to be launched in August Will enter Malaysian market in Q3FY15 with CV models Xenon, Ultra and Prima Will start retail sales in Philippines market very soon. Tech Mahindra Q1 Result: Consolidated net profit at Rs 631 crore versus Rs 614.2 crore (QoQ). Consolidated rupee revenue at Rs 5,121 crore versus Rs 5,058 crore (QoQ). Consolidated dollar revenue at USD 855 million versus USD 825 million (QoQ). DLF Q1 net profit falls 29% to Rs 127.77 cr; sales down 25%. Indias largest realty firm DLF reported 29 percent decline in consolidated net profit at Rs 127.77 crore for the quarter ended June on lower sales. Net profit stood at Rs 181.19 crore a year-ago. Income from operations fell by 25 percent to Rs 1,725.17 crore in the first quarter of this fiscal as compared to Rs 2,314.08 crore in the corresponding period of previous year. Major Economic Movements: Euro-zone inflation drops 0.4% in July, compared with 0.5% in previous month Annual inflation in the euro zone fell in July to its lowest since the height of the financial crisis in 2009, keeping the risk of deflation on policymakers radar but unlikely to spur the European Central Bank into further policy action. The slowdown to 0.4 percent, coming amid subdued wage pressures despite a fall in unemployment to a near two-year low, will fuel concerns of a possible broad fall in prices across the 18-nation bloc.
Posted on: Fri, 01 Aug 2014 03:51:35 +0000
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