Economic Times

Economic Times

 

Business Standard

Ø  IMF to include yuan in benchmark currency basket

Ø  China banks seek more capital as bad loans pile up

Ø   China growth rate may fall below 7%: Premier Li Keqiang 

Ø  Volkswagen may offer discounts to owners of cars with illicit software: Report

Ø  UK nuclear deterrent to cost 167 billion pounds

Ø  Sebi mulls mandatory 'Dividend Policy' for listed companies

Ø  Modi govt plans to reward made-in-India innovations

 

Ø  India's e-tail sees 3-fold growth in a year

Ø  Bankers expect special audit report on Amtek Auto by next week

Ø  Welspun Group eyes $5 bn revenue by 2020

Ø  New energy norms for urea plants may save Rs 800 cr in subsidy

Ø  Govt telcos in talks with pvt operators to share spectrum

Ø  Henkel has option to invest in Jyothy

Ø  Sept raises temperature of fuel sector

Indian Adr/Gdr

Indian Adr/Gdr

Infy:+2.53%,       Wit:+0.82%
Ttm:+2.06%,      Rdy:+1.81%
Hdb:+0.38%,       Ibn:+1.56% 
SBID:+1.81%,   RIGD:+0.65%

Market Update

Market Update:
Sgx Nifty +48 pts‎
Dow +157.54 pts ,Nsdq +111.81 pts , S&P‎ +22.64 pts ,Bovespa -175 pts , Ftse +67 pts , Dax +302 pts, Cac +121 pts, Nikkei  +184 pts, now, Crude @ $44.63 brl (+0.03), Brent @ $47.94 (+0.06) , Gold @ $1163.30 (+0.30), Silver @ $15.83 (+0.00), Euro @ $1.1029, JPY @ $121.1700, INR @ $64.8288

Today's Key Result

Today's Key Result
26th Oct

Bharti Airtel(Cog Cons Est Net 905cr -35% Yoy)
Hdfc( Cog Est Net 1462cr +8% Yoy)
Advanta,Aptech,Asian Granito,Blue Star,Emkay Global,Entertain Net,Hester Science,Hfcl,Hind Media,Hitachi Home,Inox, Moldtek,Peninsula,Rane Eng,Ster Tech,Super Sales,Upl,Vikas Global,Wonderla

SELL NSEFUT

SELL NSEFUT SKSMICRO OCT @ 458-461 SL 465 TRG 448

BUY TCS

BUY TCS @ 2490-2500 SL 2448 TGT 2600  |  5-10 Days

 In last five months, the prices have been trading in a range of `2450 to `2770 and prices are trading at the support end of the range post recent correction.

 Around the support zone, the stock has formed a ‘Gravestone Doji’ candlestick pattern in yesterday’s trading session, which can be a trigger for the short term up move in the counter.

 The ‘Stochastic’ indicator is giving positive crossover with its average from the oversold territory in the daily chart, indicating a bounce on cards.

 Looking at the above technical evidences, we are expecting a pullback move in the stock. Thus, we advise traders to buy this stock from current level and on a correction up to ` 2490 for a target of ` 2600 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept at ` 2448.

Bank Nifty Levels

Bank Nifty Levels
Support 1 – 17730 Resistance 1 – 17960
Support 2 – 17580 Resistance 2 – 18175

Nifty Levels

Nifty Levels
Support 1 – 8230 Resistance 1 – 8320
Support 2 – 8190 Resistance 2 – 8350

Indian Adr/Gdr

Indian Adr/Gdr

Infy: -0.67%,       Wit: -0.24%
Ttm: -0.21%,      Rdy:+3.58%
Hdb: -0.06%,       Ibn: -1.74% 
SBID:+0.03%,  RIGD:+3.47%

Today's Key Result

Today's Key Result
20th Oct

ACC ( Cog Cons Est Net 153Cr -20%Yoy Time-After mkt)
Hero Motoco( Cog Est Net 729cr -4% Yoy Time-After mkt)
Adani Trans,Aro Granite,Bajaj Finance,Bajaj Finserv,Basf,Bayer Crop,Biocon,Canfin Home,Cont Corp,Dewan Hous,Federal Bank, Foseco,Hatsun Agro,Inter Paper Appm,Jyothi Lab,Kajaria Cer, Mphasis,Rane Madras,Sanofi, Syngene,Welspun,Zee Media,Zensar

Market Update

Market Update:
Sgx Nifty +2 pts‎
Dow +14.57 pts ,Nsdq +18.79 pts , S&P‎ +0.55 pts ,Bovespa +211 pts , Ftse -25 pts , Dax +59 pts, Cac +1 pts, Nikkei  +115 pts, now, Crude @ $46.15 brl (+0.26), Brent @ $48.61 (-1.85) , Gold @ $1169.00 (-4.00), Silver @ $15.80 (-0.03), Euro @ $1.1327, JPY @ $119.4800, INR @ $64.8050
 

Today Result

Today's Key Result
19th Oct

HCL Tech( Cog Cons Est Net 1779cr - 5% Yoy)
Ultratech Cem( Cog Cons Est Net 457cr +10% Yoy)
Blue Star Info,Gati ltd,Gruh Fin,Heritage Food,Hind Zinc,Kesoram,Kitex Garment,Mah Scooter,Mang Chem,Motilal Oswal,Petronet Lng,Rane Brake,Sks Micro,Tinplate

Market Update

Market Update:
Sgx Nifty -18 pts‎
Dow +74.22 pts ,Nsdq +16.59 pts , S&P‎ +9.25 pts ,Bovespa +74 pts , Ftse +39 pts , Dax +39 pts, Cac +27 pts, Nikkei  -31 pts, now, Crude @ $47.30 brl (+0.04), Brent @ $50.50 (+0.04) , Gold @ $1177.40 (-5.70), Silver @ $16.02 (-0.09), Euro @ $1.1369, JPY @ $119.2800, INR @ $64.8150

Result Review

Result Review

LIC HOUSING FINANCE (CMP: `490 / TP: `570 /Upside: 16.3%)

LIC Housing Finance reported 2Q FY2016 results, which were above consensus estimates, with PAT at INR 411.7 cr reflecting a growth of 21% yoy. NII grew substantially at 34% yoy, aided by healthy loan book growth of 17% yoy and higher margins, leading to 31% yoy growth in operating income at INR 780.3 cr. Provisioning expenses for the quarter came in at INR 30.1cr as compared to INR 44.3cr in 1QFY2016 and a writeback of INR 19.03 cr in 2QFY2015. We await clarity from the management regarding the asset quality performance during the quarter. The stock currently trades at 2.4x FY2017E ABV. We recommend BUY rating on the stock.

Nifty Levels

Nifty Levels
Support 1 – 8130 Resistance 1 – 8225
Support 2 – 8090 Resistance 2 – 8250

Bank Nifty Levels
Support 1 – 17434 Resistance 1 – 17842
Support 2 – 17350 Resistance 2 – 17910

Today's Key Result

Today's Key Result
16th Oct

Reliance( Cog Est Net 6012cr +5% Yoy)
Agro tech Food,Chowgule Steam,Edelweiss,International Comb,Niit Tech,Swaraj Eng,Tata Metals,Tata Sponge

Indian Adr/Gdr

Indian Adr/Gdr

Infy:+1.19%,      Wit:+1.30%
Ttm:+7.53%,     Rdy: -0.26%
Hdb:+1.68%,      Ibn:+2.49% 
SBID:+2.16%,  RIGD:+0.50%‎

Market Update

Market Update:
Sgx Nifty +33 pts‎
Dow +217.00 pts ,Nsdq -87.25 pts , S&P‎ +29.62 pts ,Bovespa +450 pts , Ftse +69 pts , Dax +148 pts, Cac +66 pts, Nikkei  +143 pts, now, Crude @ $46.89 brl (+0.46), Brent @ $48.71 (-0.44) , Gold @ $1181.60 (-5.90), Silver @ $16.09 (-0.07), Euro @ $1.1366, JPY @ $119.0900, INR @ $64.8250
 

WPI Inflation

September WPI Inflation at -4.54% vs expected -4.42%.

Today's Key Result 14th Oct

Today's Key Result
14th Oct

Hind Unilever( Cog Est Net 1034cr +5 % Yoy Time -During Mkt)
Zee Enter( Cog Est Net 238cr +5% Yoy Time -During Mkt)
Dic Ind,Goa Carb,Hinduja Vent,Network 18,Rasoi, Ttk Prestige,Tv18