Today Stock Market Latest OVERVIEW:-
• Equity benchmarks continued southward journey on Tuesday with the Nifty falling below psychological 7500 mark intraday, weighed down by banking & financials, technology and metals stocks. Nifty future down 49 points at 7534.

• The 30share BSE Sense fell 143points at 24682The market breadth was weak as about 920 shares advanced against 1867 declining shares on the BSE.

• On earnings front, IndusInd Bank dropped 2.7 percent on higher provisions in Q3FY16. Profit and net interest income beat expectations, up 30 percent and 36.2 percent,
• respectively.

• Shares Of Larsen and Toubro gained 0.4 percent. Credit Suisse has upgraded the stock to outperform from neutral but reduced target to Rs 1,475 from Rs 1,515 per share earlier.

Short covering helps Sensex, Nifty extend rally; Tata Motors up

Piramal Enterprises announced sale of BST-CarGel from Piramal Healthcare (Canada) to Smith & Nephew, a global medical technology business. Through this transaction, an affiliate of Smith & Nephew plc will acquire ownership of all product and intellectual property assets related to BST-CarGel, a company statement said here. The transaction does not have a material impact on the financials of PEL, the release said. The broader markets also traded in line with benchmarks. The BSE Midcap and Smallcap indices gained 0.9 percent each. The market breadth remained strong too as about three shares advanced for every share declining on the Bombay Stock Exchange.

Tata Consultancy Services has fallen as much as 1.85 per cent while rival Infosys gained 1.8 per cent in early trade today. TCS is trading at 17.3x of 1-yr forward earnings vs 16.4x of Infosys, according to Eikon data. TCS Q3 dollar revenue has fallen 0.3 per cent to $4.15 billion quarter-on-quarter mainly due to U.S. holidays and heavy flooding in Chennai.
Q3 represents sixth consecutive quarter of disappointing revenue growth versus consensus expectations. TCS is likely to underperform on revenue growth vs Infosys in FY16/17 after 5 years of outperformance, said Nomura.
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