Saturday, 25 July 2015

Tomorrow Stock Market Tip by Nisha Dubey

Share market Basics

The 30-share BSE Sensex lost 258.53 points or 0.91 percent to 28,112.31 and the 50-share NSE Nifty fell 68.25 points or 0.79 percent to 8521.55.

Tomorrow Stock Market Tip

GAIL, Lupin and Wipro lost 1-3 percent post Q1 earnings. Vedanta and ICICI Bank slipped over 1 percent. However, Sun Pharma, Bajaj Auto, TCS, Axis Bank, Reliance Industries, Cairn India, BPCL and HCL Tech are early gainers.
Bank of Baroda rallied over 1 percent after RBI lifted restrictions on FIIs to buy shares in Bank Of Baroda. "Foreign shareholding in Bank Of Baroda now below prescribed threshold limit," said RBI.
Asian markets ex-China remained mostly lower led by continued slump in commodities. Brent crude fell below USD 56 dollar mark and gold slipped further.

Market will focus on Reliance Industries and Axis Bank as they will report Q1 numbers today. Strong petchem performance may drive Reliance's earnings this quarter, according to a CNBC-TV18 poll. Axis Bank may see a 17 percent profit growth and net interest margin could see pressure of around 10 basis points.

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