2. Index fell 0.23% to end at 17560.87.
Sebi considers reintroduction of 2% entry load to revive Mutual
Funds.
Bharti Airtel shares plunged 7% from Rs. 293.90 to Rs. 274.4 after
the results were declared which were below market expectations.
A 37% dip in profit at762 crore for the three months ended June
2012.
SBI was expected to post weak earnings. The stock plunged 4.33%
fron Rs. 2061.1 to Rs. 1971.9
3. Mahindra & Mahindra profit up 20% to 726 cr in Q1. The shares
rose from Rs. 730 to Rs. 744.
M&M profitability driven by robust demand for its utility vehicles
and pick up trucks.
Boeing Deal Turning out to be Lucrative for AI.
AI is entitled to $ 80,000 p.a as the fuel efficiency is way lower
than promised.
AI is further entitled for more compensation because of delay of
4 years in the delivery.
4. Kingfisher cancelled 30 flights due to strike of its employees
protesting non payment of salary.
The stocks of KFA fell by 4.5% from Rs. 8.75 to Rs. 8.30.
No end to Euro woes, France faces another recession.
France is grappling with huge trade deficit.
Imports outstripped exports by $ 43.2 billion is first half of the
year.
5. Rahul Dhir CEO of Cairn India resigned. This sparked concerns
about the leadership of the company. Shares fell 2%.
Tata Power reported a 66% decline in consolidated net profit due to
high interest costs and forex losses.
Citigroup predicted drought may slow GDP growth rate to below
5%.
The flurry of promises from the new finance minister have kept the
market stable.
