Live Intraday Market Tips with Day trading News Updates

Today Intraday Equity benchmarks continued to be volatile with positive bias in last hour of trade. The Sensex rose 98.31 points to 25659.47 and the Nifty advanced 27.25 points to 7667.70. Private sector lender HDFC Bank rebounded with marginal gains while its rivals ICICI Bank and Axis Bank extended gains to 1.7 percent and 1 percent, respectively. Housing finance company HDFC gained 1 percent.

Consolidated total income grew 11.6 percent on yearly basis to Rs 1,086 crore in the quarter ended June 2014. Operating performance was slightly better than street forecast with the operating profit rising 6 percent to Rs 309.2 crore. Margin fell 150 basis points to 28.5 percent versus 30 percent in same quarter last year but it was higher than expectations of 26.5 percent.

Engineering and construction major L&T rose 1 percent too. TCS and Wipro maintained upmove, rising 2.5-3 percent. Drug maker Cipla advanced 1 percent as its subsidiary acquired 75 percent stake in Mabpharm. However, Tata Power, BHEL and Maruti Suzuki topped the selling list, down 2 percent each followed by SBI, Hindalco Industries, NTPC and Gail with 1-1.6 percent. 

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