Todays Market Nifty  8287.75 (+83.75) (+1.02%)

Sensex 26999.72 (+259.33) (+0.97%)

Bank of Maharashtra to raise Rs.1,000 crore capital

Bank of Maharashtra will raise Rs 1,000 crore capital for growth and focus on home loan, small and medium enterprises (SME) and priority sector over the next two years.

Addressing shareholders at the 13th Annual General Meeting on Wednesday here, S. Muhnot, Chairman and Managing Director, said that over the next two years the bank would focus on cutting down its non-performing assets (NPA), expand its portfolios in home loan, SME and priority sectors.

"Containing the NPAs was a challenge for the entire banking sector due to the slippages in steel, power and infrastructure," he was quoted as saying in a statement issued by the bank. 

Market Updated 

Ahead Of expiry nifty hovering forty point  between  8240 and 8280 will it break 8330 or slide 8200..............

Top Trades Nifty Bank Nifty Nity IT  axis icici tata motors  minted in tons.........all Pharma  which we love blasted like rocket :::::::

Many successful traders may say they never predict, when what they may really mean is that they never EXPECT their prediction to come true. Thus they may say things like “I only react” when more accurately they are reacting… to a failed prediction. For, it is virtually impossible to trade without predicting. So, I say to all you new traders out there “Don’t be afraid to predict. Just know how likely it is that you’ll be wrong, and know what to do when your prediction fails!”

Todays Market Nifty 8204.00 (+76.15) (+0.94%)

Sensex 26740.39 (+215.84) (+0.81%)

(Auto stocks rise on hopes of higher sales

Hero MotoCorp (up 3.87%), Tata Motors (up 1.51%), Bajaj Auto (up 0.64%), SML Isuzu (up 1.14%), Escorts (up 0.57%), Ashok Leyland (up 0.2%), Maruti Suzuki India (up 1.28%), Mahindra & Mahindra (M&M) (up 0.54%) and TVS Motor Company (up 0.79%) edged higher. Eicher Motors slipped 0.29%.

The BSE Auto index was up 1.44% at 19,460.23. It outperformed the Sensex, which was up 0.76% at 26,727.22

The BSE Auto index had outperformed the market over the past 30 days till 28 June 2016, rising 1.39% compared with Sensexs 0.75% fall. The index had also outperformed the market in past one quarter, gaining 6.57% as against Sensexs 4.68% rise.

As per reports, the key recommendation of the 7th pay commission is a 23.55% increase in salaries, allowances and pension of central government employees and pensioners. This is built around the recommendation for a 14.27% hike in basic pay. This move will impact the remuneration of nearly 50 lakh central government employees and 58 lakh pensioners. The changes are likely to be implemented from 1 January 2016, reports indicated. The implementation of the pay commission will have a positive impact on auto sector as higher spending ability will boost consumption demand.)

Todays Market Nifty 8127.85 (+33.15) (+0.41%)

Sensex 26524.55 (+121.59) (+0.46%)

(Idea Cellular gains after issuing positive outlook)

On BSE, so far 11.73 lakh shares were traded in the counter as against average daily volume of 11.13 lakh shares in the past one quarter. The stock hit a high of Rs 105.10 and a low of Rs 101 so far during the day. The stock had hit a 52-week low of Rs 96.65 on 24 June 2016. The stock had hit a 52-week high of Rs 186.50 on 22 July 2015. The stock had underperformed the market over the past 30 days till 27 June 2016, falling 11.39% compared with 0.94% fall in the Sensex. The scrip also underperformed the market in past one quarter, declining 6.3% as against Sensexs 6.03% rise.

The large-cap company has equity capital of Rs 3600.80 crore. Face value per share is Rs 10.

Idea Cellular said in an analysts meet presentation submitted to the stock exchanges after market hours yesterday, 27 June 2016 that the company is gaining both revenue and traffic share in both mobile voice and data segments. The company further said that it is in the midst of building a wide and deep mobile broadband infrastructure. The company further said that there is a large potential for data penetration in India. The company also said that there is large headroom for new mobile subscriber additions in India

Idea Cellulars consolidated net profit fell 38.9% to Rs 575.63 crore on 12.7% growth in net sales to Rs 9462.57 crore in Q4 March 2016 over Q4 March 2015.

Idea Cellular is one of the leading telecom operators in India. It is a part of the Aditya Birla Group.

FIIs were net sellers in both cash market segment and in Index Futures. They sold equities to the tune of Rs. 146 crores. While in Index Futures they were net sellers of Rs. 287 crores with good amount of rise in open interest, indicating blend of short and long formation. 
On Index Options front, FIIs sold worth Rs. 404 crores with some rise in open interest. In Call option, 8150- 8300 strikes added decent amount of OI. We believe it’s more of writing in these call strikes and now 8150-8200 may act as wall of resistance for Nifty. Some unwinding was also visible in 7900 and 8000 strike prices, which may be covering of short positions. While in Put option, OI addition was seen in 8000-8100 strikes; these are mostly longs. . Rollovers in Nifty and BankNifty are on the higher side at 35.59% and 23.21% respectively.