Share Market Updates – BSE Telecom index extends losses for the sixth session

Extending its losing-run for the sixth session, the BSE Telecom index was trading 0.20 % down at 1,390 around 11.27 am (IST) in Friday’s trade with shares of Vindhya Telelinks (down 1.83 %), Sterlite Technologies (down 3.04 %), Mahanagar Telephone Nigam (MTNL) (down 1.12%), Reliance Communications (down 0.94 %) and Bharti Airtel (down 0.56%) as the top losers in the index.

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Reliance Communications saw some selling on reports that the National Company Law Tribunal is set to pronounce its decision on Monday on whether or not to consider the proposal of the merger between Reliance Communications’ wireless business and Aircel.

Stocks such as ITI (up 4.25 %), OnMobile Global (up 3.73 %), Himachal Futuristic Communications (up 2.97 %) and Tata Communications (up 2.95 %) were gaining in the index

Benchmark Nifty50 and Sensex remained low despite a fresh spell of buying emerged in pharma and banking stocks.

Nifty was trading 76 points lower at 9,743, while Sensex was 209 points down at 31,322 around 11.27 am (IST).

Axis Bank, State Bank of India and YES Bank, Lupin and Dr. Reddy’s Laboratories were trading in green in the Nifty chart, whereas Vedanta, hindalco, Hero MotoCorp and Reliance Industries were losing.

Shares of JP Associates, Suzlon Energy, Unitech, HCL Tech, HDIL, NCC, IFCI, Adani Power, South Indian Bank, Union Bank India, Tata Motors and IDFC Bank were among most traded securities on NSE.

In the Nifty50 pack, 14 stocks were trading in green, while 37 stocks were in red.

On BSE, 878 stocks were advancing whereas 1,379 stocks were lagging.

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Security and Intelligence Services debuts with 5% gains at Rs 855

Security and Intelligence Services (India) opened the first trade at Rs 855 on the National Stock Exchange, up 4.9 percent over its issue price of Rs 815.

The listing was on expected lines as the issue saw a subscription of 7 times.

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At 10:02 hours IST, the stock was trading at Rs 856.95, up 5.14 percent over issue price but down 2.6 % from pre-opening price.

In the pre-opening, the stock settled at Rs 879.80, higher by 8 percent from its issue price

The listing was on expected lines as the issue saw a subscription of 7 times.

At 10:02 hours IST, the stock was trading at Rs 856.95, up 5.14 percent over issue price but down 2.6 percent from pre-opening price.

In the pre-opening, the stock settled at Rs 879.80, higher by 8 percent from its issue priceThe funds raised through fresh issue would be used for repayment & pre-payment of a portion of certain outstanding indebtedness availed by company (about Rs 200 crore); funding working capital requirements (Rs 60 crore); and general corporate purposes.

The Security and Intelligence Services provides security services both in India and Australia with diverse solutions across the security spectrum. The portfolio of services includes security design and solutions, fire safety, event security, VIP protection, aviation security, emergency response, investigation work and integrated technology solutions providing man-tech solutions.

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MarketMagnify Corporate Business Upcoming Announcements

Top Companies Results

DLF Ltd Upcoming Q1 Results on August 29, 2016

DLF Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 29, 2016, inter alia, to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2016 (Q1).

Pursuant to ‘DLF Code of Conduct to Regulate, Monitor and Report Trading by Insiders, 2015’, trading window for insiders shall remain closed from the end of the day of August 22, 2016 and shall open 48 hours after the conclusion of the Board Meeting.

Gujarat Mineral Development Corporation Ltd has informed BSE that the Board of Directors of the Company will meet on August 29, 2016, to consider and approve the Unaudited financial results for the Quarter ended on June 30, 2016 (Q1).

Desh Rakshak Aushdhalaya Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 27, 2016, inter alia, to transact the following;

1. To discuss, consider and adopt the Balance Sheet, Profit and Loss account along with schedule and notes to account for the Financial Year ended March 31, 2016.

2. To take on record the Auditors Report on Annual Accounts for the Financial year ended March 31, 2016.

3. Approval of the draft director’s report for the year ending March 31, 2016.

4. Approval of the draft notice for calling of the Thirty Fifth Annual General Meetings of the Company.

5. Appointment of N. K. Rastogi & Associates, Company Secretaries as Scrutinizer for voting process at the forthcoming Annual General Meeting.

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TOP COMPANY’S UPCOMING RESULTS – 2016

Top Companies Results

ABB India’s Q2 results on July 21, 2016

ABB India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 21, 2016, inter alia, to consider the Unaudited Financial Results for the second quarter ended June 30, 2016 (Q2).Further, as per the Company’s code of conduct for prohibition of insider trading, the trading window for dealing in the securities of the Company remain closed for all directors/officers/designated employees of the Company from June 15, 2016 to July 23, 2016 (both days inclusive).

Ambuja Cements’ Q2 results on July 26, 2016

Ambuja Cements Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 26, 2016, to consider the Unaudited Financial Results for the Second Quarter/Half-year of the Corporate Financial Year 2016 (Q2).The Board will also consider payment of interim dividend on equity shares at the aforesaid meeting.Further, letter dated June 24, 2016 that the Trading Window for dealing in the securities of the Company will open from July 29, 2016. The Trading Window would remain closed from July 01, 2016 to July 28, 2016 (both days inclusive).

Bajaj Finance Q1 results on July 26, 2016

Bajaj Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 26, 2016, to take on record the unaudited financial results for the quarter ending June 30, 2016 (Q1).Further, as per the Company’s Code of Conduct to regulate, monitor and report trading by insiders, the trading window for dealing in the securities of the Company would remain closed from July 01, 2016 to July 28, 2016 (both days inclusive) for the Directors/designated persons of the Company, who have already been informed of the same.

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Company’s Upcoming Board Meeting and AGM’s Updates

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UPCOMING COMPANY’S BOARD MEETINGS :-

Agro Tech Foods’ board meeting on July 27, 2016

Agro Tech Foods Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on July 27, 2016, inter alia, for approval of unaudited accounts for the quarter ended June 30, 2016.

ADC India Communications’ board meeting on August 01, 2016

ADC India Communications Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 01, 2016, to consider and approve the unaudited financial results of the Company for the Quarter ended June 30, 2016.

UPCOMING COMPANY’S ANNUAL GENERAL MEETINGS :-

Agro Tech Foods’ AGM on July 27, 2016

Agro Tech Foods Ltd has informed BSE that the 29th Annual General Meeting (AGM) of the Company will be held on July 27, 2016.

ADC India Communications’ AGM on July 13, 2016

ADC India Communications Ltd has informed BSE that the 28th Annual General Meeting (AGM) of the Company will be held on July 13, 2016.

MarketMagnify Investment Advisor & Research Pvt Ltd provides you Company’s Upcoming Board Meeting and AGM’s Updates also get calls about the Indian stock markets with intense analysis done by our Team of Analysts. We have been providing valuable Tips to our clients through various methods.For more just visit www.marketmagnify.com/freetrial.php or call us @91-911-110-4806.

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Sensex tanks 305 pts, Nifty ends below 7800; SBI slips 4%

The Sensex slipped 304.89 points or 1.2 percent at 25399.72, and the Nifty ended 86.75 points or 1.1 percent at 7783.40.

About 913 shares have advanced, 1638 shares declined, and 161 shares are unchanged.

Lupin, Wipro, Hero MotoCorp and TCS were top gainers while Adani Ports, SBI, L&T, HDFC and GAIL were losers in the Sensex.

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