Intraday Tips For Today (2nd August)

Equity benchmark indices erased almost all of its gains, with the Nifty hovering around 10,100 mark. The Sensex was up 15.24 points at 32590.41, while the Nifty was down 7.20 points at 10107.45. The market breadth was narrow as 1066 shares advanced against a decline of 849 shares, while 100 shares were unchanged. Hero MotoCorp and NTPC continued to top the charts, while Larsen & Toubro, Dr Reddy’s Laboratories and Indiabulls Housing lost the most.

Intraday Tips For Today (2nd August)

Hindustan copper
The government will sell 4 per cent stake in Hindustan Copper through the OFS. Floor price for Hindustan Copper’s OFS has been fixed at Rs 64.75.

Reliance Defence
In the first quarter of fiscal year 2018, the Reliance Defense suffered a loss of Rs 230.4 crore. In the first quarter of fiscal year 2017, the Reliance Defense suffered a loss of Rs 134.5 crore.

Religare
Participation in Klipper Capital can be purchased in Religare Housing and this deal is expected to be in the 600 million rupees. Religare Enterprises holds 87.5 per cent stake in Religare Housing.

PNB
PNB got board clearance for raising capital of 3000 The meeting will be held on September 12 for approval from the shareholders on raising the capital.

Power Grid
Power Grid’s profits increased 13.9 percent to Rs 2052.4 crore in the first quarter of fiscal year 2018. Power Grid’s profits in the first quarter of fiscal year 2017 were Rs. 1801.8 crores. In the first quarter of fiscal year 2018, the income of the power grid has increased 17.3% to Rs 7181.4 crore. In the first quarter of fiscal year 2017, the income of the power grid was Rs 6119.9 crores.