News Summary: Share Market

• Maruti Suzuki, India's top carmaker, reported a surprise 20 percent fall in net profit in the quarter to June, hit by high raw material costs, an increase in royalty payments, and a weakening of the euro which hurt export revenues. 

• India's Fortis Healthcare will be debt-free following the sale of its stake in Singapore healthcare firm Parkaway Holdings.

• Godrej Consumer Products reported a 67 percent rise in first quarter net profit on sales that rose 47 percent . 

• Vodafone Group Plc may sell its minority stake of 4.39 percent in Bharti Airtel that is valued at 52 billion rupees ($1.1 billion) at current market price.

• The Indian rupee rose to its highest level in more than a week on Monday as dollar sales by some exporters in early trade helped, but traders will watch stocks and the dollar's moves versus majors for further cues. 

 Indian Share Market Tips and Review

• The Indian government has grudgingly accepted the central bank will likely lift interest rates on Tuesday, but is not convinced conditions warrant further tightening therea.

• The Indian government has grudgingly accepted the central bank will likely lift interest rates on Tuesday.

• The Prime Minister's Economic Advisory Panel, forecast 8.5% growth in GDP in the fiscal year that ends in March 2011 It expects 4.5% growth.

• The combination of growing confidence in Europe's economy and mounting evidence of a slowdown in the U.S. is driving euro bears into hiding.

• Gold, little changed in London today, may gain on speculation physical demand for the metal will increase.

• Oil declined for a second day in New York on speculation that the global recovery may stall and crimp fuel consumption.

• The yen rose against the dollar and the euro, reversing earlier losses, as a decline in stocks supported demand for a currency investors perceive as a refuge.