TopNews

On Monday, one of India's leading private sector bank, HDFC bank said that it has seen a 34 per cent rise in its quarterly profit.

This is inline with the street estimates and has happened because of strong sales on the corporate and retail loan segment pushed by a fast growing Indian economy.

HDFC bank, which is also listed on New York has seen a 40 per cent growth in the field of gross advance during the April-June quarter as compared to the same quarter during last year. In money terms , it stood at $31 billion.

Knowledge-based outsourcing firm, PharmARC Analytics Solutions Ltd is looking forward to hit the markets for raising fresh capital. The KPO has till now been funded by private equity firm, Baring.

PharmARC focuses in the pharmacy and the health care vertical and wants to use the capital for further growing itself. Talking to private VC magazine, VC Circle the company said that it is ready for stake sales or multiple sources if and when the need arises.

India stock markets ended on a choppy session to finally end in the end on Monday. Lack of support from the global counterparts was the reason behind this followed.

While the capital goods gained the banking index was offsetting the losses and so was the situation in the FMCG and the reality stocks as well.

In the morning the markets showed a subdued trend and moved in a very narrow range. The attempts were made to pull up the markets but they became weak as the European markets did very lit to push up the sentiments.

Military aircraft maker, Boeing said that Indian government may buy another 10-12 C-17 transport planes of Boeing in the coming time.

Already deal for buying 10 aircraft has been signed said Christopher Chadwick, president of Boeing military aircraft to Reuters.

Boeing is the second biggest defense contract in US and has seen a strong increase in demand for its C-17 planes. These planes were used heavily in the wars in Iraq and Afghanistan and were considered to be fully efficient.

Again, Indian indices traded in a small range, oscillated above and below the dotted line, finally closed flat to positive. SENSEX closed at 17955, up 46 points and Nifty at 5393, up 15 points from the previous close. CNX MIDCAP index was up 0.54% and BSE SMALLCAP index was up 0.66%. The market breadth was positive with advances at 725 against declines of 546 on the NSE. Top gainers are listed as TCS, TATAMOTORS, ICICIBANK, RCOM, ONGC, HCLTECH and KOTAKBANK while top losers included M&M, HDFCBANK, RIL, HDFC, JSPL, GAIL and AMBUJACEM.

Next Day Trading Session:

Operating in times where the hatchback segment is already very crowded with several offering, Nissan has decided to take the BTL route in order to promote its recently launched model Micra in the Indian market. Under the recently launched activity, Nissan Motor India Private Ltd (NMIPL) announced a unique promotional campaign for the Micra in association with Fever 104 FM for Delhi, Mumbai and Bangalore.

While the RJs Anurag Pandey and Karan Singh will conduct their shows traveling in Micra, it is to be mentioned here that the campaign will run from Monday, July 19 to Friday, July 23, 2010.