SENSEX SLIPS 134 PTS, NIFTY ENDS BELOW 8600; LUPIN TAKES 5%

The Sensex is down 134.09 points or 0.5 percent at 28370.84, and the Nifty is down 43.70 points or 0.5 percent at 8589.80. About 1525 shares have advanced, 1316 shares declined, and 167 shares are unchanged.
Tata Motors, Dr Reddy's Labs, M&M, Maruti Suzuki and NTPC are top gainers in the Sensex. Among the losers are Lupin, Bajaj Auto, Tata Steel, Bhart Airtel and HUL.
Sectors like Healthcare, Capital Goods, Banks, IT, Metal and Power slumped between 0.3-1%. However, BSE Consumer Durables index has surged over 1.5% followed by sectors like Auto, Oil & Gas, Realty and FMCG, all gaining between 0.3-1%.
Banking majors such as ICICI Bank, HDFC Bank and Axis Bank lost 1-1.2% each. The Reserve Bank is likely to keep interest rates on hold in the next month's monetary policy meet, but may slash the key lending rate by a 50-75 basis points by March 2016, Morgan Stanley today said.
Bajaj Auto shed around 5% post its quarterly results as the company’s operating profit failed to meet the street expectations. The company reported a 37.14% increase in its standalone net profit at Rs 1,014.80 crore for the first quarter ended on June 30.
Lupin dipped over 5% at Rs 1,714 on the NSE after drug maker reported 16% year-on-year (YoY) drop in its consolidated net profit at Rs 525 crore for the quarter ended June 30, 2015 (Q1), due to lower sales.
Bajaj Finserv climbed 3% after the company reported a 46% jump in net profit in the June quarter aided mainly by robust profit from life insurance business.
Container Corporation of India dipped 5.5% after the company reported a 21% decline in net profit to Rs.206.9 crore in the June quarter compared with Rs.261.88 crore a year ago.
KPIT Technologies rallied 5.6% after the company posted consolidated net profit of Rs.44.4 crore in the June quarter, down 11.7% from a quarter ago.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStars & also ave liable on linke din and facebook. Get real time advice for Equity Intraday Tips , Share Market live , Best Intraday Stocks , Intraday Trading Tips ,  Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.