Market Stock Today – Latest Market News-Indian markets remain buoyant

After opening in the green, the Indian indices have remained well above the dotted line in the morning session. Maximum buying interest was seen in banking and Energy stocks while the stocks from pharma and FMCG sectors were witnessing selling pressures. 

The BSE-Sensex is trading up 191 points. The NSE-Nifty is trading up 58 points. The BSE Mid Cap index is trading up 1.5% and the BSE Small Cap index is trading up 1.8%. The rupee is trading at 60.18 to the US dollar. 

Today's Market Click on a company name to view its detailed stock quote Sector Wise Latest Quarter Results    BSE-30 25,068  (+62) Top Gainers Jul 15, 2014 12:57:00 PM ICICI BANK 1,377.60 2.48% SBI 2,465.00 2.19% ONGC 409.55 1.80% BAJAJ AUTO 2,156.00 1.35% M&M 1,182.00 1.30%  NSE-50 7,478  (+24) Top Gainers Jul 15, 2014 12:55:01 PM ICICI BANK 1,379.20 2.60% SBI 2,471.65 2.51% BANK OF BARODA 812.20 1.89% UNITED SPIRITS 2,375.10 1.79% ONGC 409.50 1.68% Top Losers NTPC 144.15 -2.44% DR. REDDYS LAB 2,629.30 -2.39% SESA STERLITE 283.10 -2.35% HINDALCO 170.00 -1.93% HERO MOTOCORP 2,413.25 -1.59% Top Losers NTPC 144.05 -2.54% DR. REDDYS LAB 2,631.40 -2.36% SESA STERLITE 282.75 -2.18% HINDALCO 170.20 -1.85% ASIAN PAINTS 581.65 -1.33%

Stock Market News, July 14, 2014: U.S. markets rallied on Monday as concerns over European debt subsided and investors took a more optimistic stance on second-quarter profit season. The financial sector led the charge ahead of their earnings this week. Bank of America Corp. (NYSE: BAC),JPMorgan Chase & Co. (NYSE: JPM), and Goldman Sachs Group Inc. (NYSE: GS) were all up more than 1% on the day.

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Gold and Silver price tody

                                                         Gold   :-1307.30 +0.50
                                      Gold price today in India (Rs/10gm) is 27832.00 (+70)

                                                          Silver :- 2885   -0.05
                                      Silver price today in India (Rs/kg) is 45023.00 (+111)

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Infosys falls on profit-taking, earnings details

Reuters Market Eye - Shares in Infosys(INFY.NS) fall more than 3 percent as investors booked profits after recent gains while some analysts cited disappointment with some of the details behind its April-June earnings unveiled on Friday, even as overall the IT outsourcing beat estimates.

Investors booked profits after the stock had surged 10.8 percent in June and 2.2 percent so far this month as of Friday.

"Infosys' results were ok but market is looking to test the sustenance of these numbers and the new CEO," said Nirakar Pradhan, chief investment officer at Future Generali India Life Insurance.

Infosys April-June operating profits were boosted in part by some one-offs such as a quarter-on-quarter reduction in so-called "unallocable expenses" to 2.3 bln rupees from 3.62 billion rupees and a reduction in depreciation going down to 2.3 bln from 3.6 bln, according to some analysts.

Analysts also cite disappointment that volume growth declined to 2.9 percent in the April-June quarter from 4.1 percent in the same quarter last year.

The shares are down 3 percent at 3226.70 rupees as of 3:21 p.m. after touching a low of 3185.80 earlier in the session.

(Reporting by Abhishek Vishnoi)

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Metal companies gain on optimism ahead of China GDP

Reuters Market Eye - Shares in metal refiners rise with Hindalco Industries (HALC.NS) gaining over 4 percent on optimism ahead of China GDP data due on Wednesday, several traders say.

China's economy probably steadied in the second quarter with annual growth holding firm at 7.4 percent, a Reuters poll showed.

Tata Steel Ltd (TISC.NS) is up 2.2 percent, Jindal Steel and Power Ltd (JNSP.NS) gains 0.2 percent and JSW Steel Ltd (JSTL.NS) is up 0.8 percent.

(Reporting by Indulal PM)

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