Reliance Industries (RIL) today reported a consolidated net profit of Rs 15,296 crore for the year ended March 31, 2009.

The net turnover of the company stood at Rs 1,51,224 crore for the year ended March 31, 2009, whereas it was Rs 1,37,147 crore a year-ago.

RIL has also proposed a dividend of Rs 13 per fully paid-up equity shares of Rs 10 each aggregating to Rs 2,219 crore, including the dividend distribution tax, the filing added.

The board has considered dividend on the shares issued to the shareholders erstwhile RPL as well.

Shares of RIL closed down 1.57 per cent at Rs 2,099 on the Bombay Stock Exchange.

Tata Power Company today said its consolidated net profit jumped nearly three-fold to Rs 572.65 crore in the first quarter ended June 30, 2009. Total income rose to Rs 4,713.16 crore for the quarter ended June, against Rs 4,069.34 crore in the same quarter corresponding year.

Shares of Tata Power Company were trading at Rs 1,334.80 on BSE, down 1.64 per cent from previous close

Last Trading Session: Indian Stock Market closed positive and maintain its march ahead but corrected in the afternoon session mainly because of negative cues from European market. Anyhow, again RIL, ONGC, SBI saved the market and helped nifty to touch the level of 4650.

Today: Indian Stock Market is expected to open flat to negative as global cues are quiet but most important level to watch out for is 4550. As long as market holds that level we would be long. Some correction is expected in the market but next target for the market is 16000.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (15670) The support for the Sensex is 15000 and the resistance to the up move is at 16000.

NSE Nifty: (4636) The support for the Nifty is at 4450 and the resistance to the up move is at 4700-4650.

F&O Cues: FII were net buyers of 190 crore in Index Future and buyers of 240 crore in stock futures.

Results to be declared today: Rolta

Electrical equipment maker ABB Ltd on Friday reported a fall of 36.5 per cent in net profit to Rs 83.60 crore for the second quarter ended June 30.

Total income of the company also dropped to Rs 1,525.87 crore during the April-June period of current fiscal from Rs 1,637.62 crore of the same period last year.

Shares of ABB were trading at Rs 700.60 on BSE, up 1.93 per cent from its previous close.

Anil Ambani group firm Reliance Capital today reported a 56 per cent decline in consolidated net profit at Rs 151.04 crore for the first quarter ended June 30, 2009, as it booked lower capital gains.

Total income also declined three per cent to Rs 1,469.25 crore in the same quarter.

The company said the profit was lower on the back of “lower capital gains booked this quarter as substantial gains likely to be booked later this year from planned stake sale in Reliance Life Insurance.”

As of June 30, the net worth of the company stood at Rs 7,500 crore. The total assets of the company stood at Rs 25,074 crore, an increase of 26 per cent over the same period previous fiscal.

The total premium income in the segment during the quarter increased 20 per cent to Rs 903 crore for the quarter as against Rs 749 crore in the corresponding previous period.

Shares of Reliance Capital closed at Rs 883.85, up 2.61 per cent.

Reliance Communications, India’s second-biggest mobile phone operator, posted an 8.3 percent rise in quarterly profit on Friday.

Reliance communications said its net profit rose to 16.37 billion rupees ($340 million) in its fiscal first quarter ended June, from 15.12 billion in the same period last year.

However the stock fell 2.18% at 275.75

Yesterday: Indian Stock Market closed positive with 200 points on the sensex led by short-covering in the bank shares specially ICICI and SBI. The positive global cues were also supporting the market to stay above 4550 on the nifty.

Today: Indian Stock Market is expected to open positive say 40-50 points on nifty. But now 15600 is a big resistive zone for the market & still market up-move is driven by short covering and not because of fresh buying so today is the most important day for the market. Corporate results would play an important role to decide the market direction.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (15388) The support for the Sensex is 15000 and the resistance to the up move is at 15600.

NSE Nifty: (4571) The support for the Nifty is at 4450 and the resistance to the up move is at 4630-4650.

F&O Cues: FII were net sellers of 151 crore in Index Future and sellers of 2 crore in stock futures.

Results to be declared today: Unitech, Aban, GMR Infra, ABB, Dish Tv, Orchid Chem, Adlabs, Suzlon, Tata Power, Rcom, Relcapital, TVS Motor

The country’s largest lender, SBI, today reported a growth rate of 42 per cent in net profit at Rs 2,330.37 crore for the first quarter ended June 30, 2009.     

The bank has a net profit of Rs 1,640.79 crore in the same quarter of the last fiscal.

Total income during the quarter rose by 29.8 per cent to Rs 21,041.51 crore from Rs 16,203.07 crore in the same period last year.     

During the quarter, interest income of the bank grew by 26.6 per cent to Rs 17,473 crore from Rs 13,799 crore in the same quarter previous fiscal.     

Shares of the bank were trading at Rs 1,705, up 2.93 per cent on the BSE.

Adani Enterprises today posted an over 36 per cent rise in its consolidated net profit to Rs 127.67 crore for the first quarter ended June 30.

The consolidated total income of the company also rose to Rs 6,389.61 crore during the April-June period of the current financial year from Rs 5,051.80 crore in the same quarter last year.

On a standalone basis, the company registered a net profit of Rs 78.73 crore during the latest quarter of FY10, up by over 17 per cent.

Shares of Adani Enterprises today closed at Rs 827.10, down 0.70 per cent from its previous close on the BSE.

Anil Ambani group firm Reliance Infrastructure on Thursday reported a net profit of Rs 316.57 crore for the first quarter ended June 30, 2009

Total income rose to Rs 2,690.51 crore during the April-June quarter from Rs 2,400.55 crore in the same period last fiscal.

At the end of June quarter, the company’s cash and cash equivalents stood at Rs 9,000 crore, while its EPC order book was at Rs 20,075 crore. The company’s cash profit grew by 22 per cent to Rs 386 crore at the end of June quarter and it infused fresh capital to the tune of Rs 4,300 crore.

Shares of Reliance Infrastructure closed at Rs 1,185.10, up 1.80 per cent

IT education services provider Educomp Solutions on Thursday said its consolidated net profit surged two-fold to Rs 36.27 crore in the first quarter.

Total revenue rose to Rs 209.17 crore in the latest quarter, against Rs 89.12 crore in the same period last year.

On a standalone basis, the net profit of the company jumped two-fold to Rs 36.27 crore in the quarter ended June, 30. Total income rose to Rs 160.34 crore in the quarter under review, against Rs 72 crore in the same quarter previous fiscal.

Shares of Educomp Solutions today closed at Rs 4,064.75 on the Bombay Stock Exchange, down 2.86 per cent.

Yesterday: Indian Stock Market opened flat and went down sharply in the afternoon session mainly due to china market as china government cut Gasoline price and asked financial institution to pull out some percentage of their money from financial system which pulled down all the Asian market.

Today: Indian Stock Market is expected to open flat and would remain highly volatile as today is a last day of F&O expiry. Now the main support to be watched is of 15000 for sensex. If market breaches the level of 15000 for sensex, than we would see new lows in the market.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (15173) The support for the Sensex is 15000 and the resistance to the up move is at 15500.

NSE Nifty: (4513) The support for the Nifty is at 4450 and the resistance to the up move is at 4605.

F&O Cues: FII were net sellers of 1157 crore in Index Future and sellers of 506 crore in stock futures.

Results to be declared today: Adani, DLF, Educomp, SBI, Jain Irrigation, SAIL, Tata Chem, Uco Bank, Voltas, IOCL

Yesterday: Indian Stock Market opened flat due to RIL’s bad result. It went up in early trading session but afterwards it was quite volatile and closed flat. Yesterday the interesting thing was RIL has not melt up as it was expected and it was very surprising that most FII’s still maintain their Hold/Buy rating in RIL well of course this was because they increase their holding in RIL since last two month but technically as well as fundamentally RIL would be underperformer in the market and that’s for sure.

Today: Indian Stock Market is expected to open negative as we had a mix economic data of US which drag down the Asian market’s as well but all eye’s are now on RBI’s monetary policy and if RBI would declare rate cut or increase economy outlook than one has to watch out for public sector banks but technically market would be volatile.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (15375) The support for the Sensex is 15000 and the resistance to the up move is at 15500.

NSE Nifty: (4570) The support for the Nifty is at 4450 and the resistance to the up move is at 4605.

F&O Cues: FII were net buyers of 90 crore in Index Future and sellers of 100 crore in stock futures.

Results to be declared today: REC, Hind Uni, Bajaj Hind, Birla Copper, GVKPIL, Guj Gas, Grasim, GMDC, GNFC, GSPL.

Mukesh Ambani-led Reliance Industries (RIL) recorded an 11.53 per cent decline in its net profit at Rs 3,636 crore for the first quarter ended June 30, 2009 as compared to Rs 4,110 crore which was way below estimation.

Standalone net sales slipped 22.9% to Rs 32,055 crore versus Rs 41,579 crore year-on-year. Earning before interest, tax, depreciation and amortization fell 3.3% to Rs 5,921 crore from Rs 6,121 crore. Operating profit stood at Rs 4,293 crore and standalone petchem revenues declined 22.4% to Rs 11,540 crore from Rs 14,871 crore last year.Gross refining margins have come in at USD 7.5 per barrel as against the street’s expectations of USD 8-8.5 per barrel.

The stock settled with a loss of 1.2% at Rs 2,014 on the Bombay Stock Exchange today.

We would see huge correction on Monday, where stock would open around 4-5% down & may be closed 8-9% down. As weight of RIL is 12% of nifty it is likely that RIL would drift down whole market.

Yesterday: Indian Stock Market opened with a positive note and up till first half session it traded in a narrow range. But after noon session was all about reliance and cement sector when market suddenly jumped over 400 pts and closed at 4524 nearer to its resistance level.

Today: Indian Stock Market is expected to open positive mainly because of positive global cues but today quarterly earnings of some big corporate like Reliance, HCC, Gail which would decide further direction of the market. Some market participant told that Reliance may declare its results during market hours and it is expected that it would surprise the market and if it is so than next target for the market would be 4650.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (15231) The support for the Sensex is 15000 and the resistance to the up move is at 15500.

NSE Nifty: (4524) The support for the Nifty is at 4450 and the resistance to the up move is at 4605.

F&O Cues: FII were net buyers of 153 crore in Index Future and sellers of 170 crore in stock futures.

Results to be declared today: Reliance, RPL, HCC, Hind Motor, Gail, Ciat, Ranbaxy, Jet Airways, CRISIL, Shriram Trans