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LORD JESUS CHRIST SAYS

So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the pagans run after all these things, and your heavenly Father knows that you need them. But seek first his kingdom and his righteousness, and all these things will be given to you as well. Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.

1 Feb 2016

STOCK MARKET- SENSEX, NIFTY VOLATILE, BANKING, ENERGY DRAG.

Some buying activity is seen in telecom, IT, industrial, teck, FMCG, basic material and capital goods sectors, while banking, energy, utilities, oil&gas, power and metals sectors are showing weakness on BSE. Out of 1,796 stocks traded on the NSE,592 declined and 928 advanced today.
 
Indian manufacturing sector growth rose to a four-month high in January driven by rising inflows of new business orders from domestic as well as export clients, says a Nikkei survey. The Nikkei India Manufacturing PMI, a composite monthly indicator of manufacturing performance, stood at 51.1 in January, up from 49.1 in December.

At 12:53 PM, the S&P BSE Sensex is trading at 24,883 up13 points, while NSE Nifty is trading at 7,571 up seven points.
The BSE Mid-cap Index is trading up 0.44% at 10,463, whereas BSE Small-cap Index is trading up 0.39% at 10,912.
Some buying activity is seen in telecom, IT, industrial, teck, FMCG, basic material and capital goods sectors, while banking, energy, utilities, oil&gas, power and metals sectors are showing weakness on BSE.
Cipla, Adani Ports, Asian Paints, L&T, Bharti Airtel, Wipro and HDFC Bank, are among the gainers, whereas ICICI Bank, SBI, Maruti Suzuki, Axis Bank, ONGC, HUL and NTPC are losing sheen on BSE.

Indian Rupee opened at 67.77/$, marginally up by 1 paise in early trade on Monday as against the previous close of 67.78/$. On Friday, Bank of Japan announced negative interest rate of 0.1% and maintained the yearly bond buying program worth 80 trillion Yen. Negative interest rates will apply only to new reserves that banks/financial institutions deposit at the central bank. On the domestic front, Finance Minister Arun Jaitley reportedly said the 8% GDP growth can be achieved next fiscal on account of improved rural demand and better monsoon.

The INDIA VIX was up 3.79% at 17.8950. Out of 1,796 stocks traded on the NSE,592 declined and 928 advanced today.
A total of 18 stocks registered a fresh 52-week high in trades today, while 14 stocks touched a new 52-week low on the NSE.

Tilaknagar Industries jumped 3% to Rs. 21.85 on BSE. A consortium of lenders led by Bank of India (BAOI) and State Bank of India (SBI) is considering strategic debt restructuring (SDR) of Tilaknagar Industries, reports a business daily. The decision was taken at a high-level meeting of lenders in Mumbai last week, says the paper. Besides BOI and SBI, Punjab National Bank (PNB), IDBI and Axis Bank also have exposure to Tilaknagar Industries, it adds.

L&T climbed 4% to Rs. 1,146 on BSE. The company reported consolidated net profit of Rs. 1,034.80 crore for the quarter ended December 31, 2015, registering growth of 19.42% yoy. The company’s revenue stood at Rs. 25,829.26 crore, clocking growth 8.31% yoy.
Godfrey Phillips India soared 7% to Rs.1,304 on BSE after the company reported 29.4% rise in standalone net profit at Rs 13.77 crore for the quarter ended December 31, 2015. The company's total income from operations stood at Rs. 533.91 crore as against Rs. 536.13 in the year-ago period.

Maruti Suzuki slipped 2% to Rs.4,010 on BSE. The auto company sold a total of 1,13,606 units in January 2016, showing a de-growth of 2.6% YOY.  The company said its domestic sales increased 0.8% to 1,06,383 units as against 1,05,559 units in January 2015.
Dr. Reddy's Laboratories gained 0.8% to Rs.3,126.20 on BSE. The pharma company received USFDA approval for Zenavod Capsules, as per media reports. On Friday, the company received approval from the US Food and Drug Administration for ZEMBRACE SymTouch (sumatriptan succinate) injection, a drug-device combination product intended for the treatment of acute migraine in adults.

Indian Hume Pipe Company Ltd cracked 3.7% to Rs.363 on BSE. The company reported standalone net profit of Rs. 6.30 crore for the quarter ended December 31, 2015, registering decline of 49.4% yoy. The company’s standalone revenue stood at Rs. 198.81 crore, down by 25.14% yoy and 13.5% qoq.

Shares of aviation companies zoomed after oil marketing companies reduced aviation turbine fuel (ATF) nearly 12%.  ATF price in Delhi stands at Rs.4,765.5 per kilolitre. SpiceJet soared 5% to Rs.92. Jet Airways rallied 2.8% to Rs.620. IndiGo jumped 3.3% to Rs.902.50 on BSE.
Shares of Idea Cellular were trading higher 1.8% at Rs. 105 on NSE today. Around 11 lakh shares were traded in a single block at Rs. 105 on the NSE.



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