Market Update

Sgx Nifty -3 pts
‎Dow +30.06 pts ,Nsdq -33.13 , S&P -3.73 pts‎, Bovespa -40 pts  , Ftse -59 pts , Dax -47 pts  , Cac -6 pts , Nikkei  -11 pts  now, Crude @ $49.24 brl (-0.81), Brent @ $49.98 brl (-0.67) , Gold @ $1266.60 (+0.00), Silver @ $17.62 (-0.01), Euro @ $1.0909, JPY @ $104.5900, INR @ $66.8325

Today's Corporate Action
27th  Ex Date

ASMTEC
Interim Dividend - Rs. - 2.5000
BALFC
Interim Dividend - Rs. - 0.5000
ECLERX
Buy Back of Shares 
HCLTECH
Interim Dividend - Rs. - 6.0000
SUNILHITEC
Stock  Split From Rs.10/- to Rs.1/-
‎
Today's Key Result
27th Oct

Maruti Suzuki(Est Net 1735 Cr +42% Yoy During Mkt)‎,
O N G C( Est Net 4919 Cr After Mkt)
Tech Mahindra(Cons Est Net 686 Cr -13% Yoy After Mkt)
A B B, Bajaj Fin, Bajaj Finserv, Bharat Electron,        CastrolIndia,‎.Cholaman.Inv.&Fn,‎Dishman Pharma,‎ Emami,  Glaxosmit Pharma,‎Glenmark Pharma,‎ HCC,‎I O C L,‎  Info Edg.(India),‎ JSW Steel,  Jubilant Life,‎MRF,‎ Shri. City Union,‎ Supreme Inds,‎ Tata Elxsi,‎ ,Torrent Power,‎TVS Motor Co,‎United Spirits.
Estimates-Cogencis

‎
‎Today's Global Data


Oct 27: UK September automotive manufacturing figures; 0431 IST

Oct 27: UK October nationwide house price index; 1130 IST

Oct 27: European Union September monetary developments; 1330 IST

Oct 27: UK August service sector figures; 1400 IST

Oct 27: UK preliminary estimate of Jul-Sep gross domestic product; 1400 IST

Oct 27: UK October Confederation of British Industry distributive trades
survey; 1530 IST

Oct 27: US September advance report on durable goods; 1800 IST

Oct 27: US unemployment insurance claims report week ended Oct 22; 1800 IST

Oct 27: US weekly export sales; 1800 IST

Oct 27: US Jul-Sep housing vacancies; 1930 IST

Oct 27: US Energy Information Administration natural gas storage report for week ended Oct 21; 2000 IST

Oct 27: Federal Reserve Bank of Kansas City survey for October of 10th district; 2030 IST

Economic Times

Business Standard

Ø  Tatas approach sovereign funds to buy Mistry's stake

Ø  Set for a long legal battle, Mistry hires top lawyers to take on Tata

Ø  GMR wins $270 mn in Maldives arbitration case

Ø  Cabinet gives in-principle nod for strategic sale of PSUs

Ø  'Tata Steel's UK divestment, JV plan on track'

Ø  PNB Housing IPO sees 30 times oversubscription

Ø  India looks to cut tariff concessions on Chinese goods



Ø  MMTC ties up with banks to sell Indian Gold Coin

Ø  US charges 61 in India-based call center fraud racket

Ø  Maruti clocks record Rs 2,398-crore quarterly profit

Ø  India must rapidly urbanise over next 20 years: Arun Jaitley

Ø  Cairn India to invest $100 mn in Rajasthan gas fields

Ø  TVS Motor to launch BMW-based platform two-wheeler

Ø  Govt to shut HMT tractor unit, pay staff pending dues

Business Line



Mint

Ø  Sun Pharma to acquire Ocular Technologies 

Ø  PSBs weigh proposal to convert Rs. 10,000 cr loans to AI into equity

Ø  Service tax dept to auction Mallya’s aircraft next month

Ø  Sugar Control Order extended by 6 months

Ø  MRF profit tumbles 14% on weak sales

Ø  Over 1,300 fresh FPIs register with SEBI in April-Aug



Ø  Rural revival raises its head in demand for automobiles

Ø  RBI spells out rules for start-ups to raise ECBs

Ø  Tata plea to stall auction of Taj Mahal Hotel in New Delhi rejected

Ø  United Spirits Q2 profit up 15.8% to Rs82.54 crore

Ø  Qualcomm to buy NXP Semiconductors in $47 billion deal

Ø  Hero MotoCorp invests Rs205 crore for up to 30% stake in Ather Energy

Financial Express



Financial Chronicle

Ø  Sensex ends 255 points down, Nifty settles below 8,620;

Ø  Tech Mahindra Q2 net profit drops 17.5% to Rs 643 cr

Ø  JSW Steel posts multi-fold jump in Q2 profit at Rs 726 cr

Ø  Tata ousted Cyrus Mistry on trust deficit with biggest shareholder

Ø  Growth rebound in US masks demand picture that’s not as bright



Ø  Tata needs to be lauded for making Nano: Maruti chief

Ø  HUL net jumps 11.54% to Rs 1,095.6 crore

Ø  Tata group cos lose over Rs 26k cr in m-cap in 3 days

Ø  Tata Motors passenger vehicle sales up 10% in Q2

Ø  Srei launches platform for renting, selling equipments

Ø  Tata Steel responds to BSE, NSE on 18-b dollar ‘write-down’

Bajaj Finserv Q2

Cons (YoY) Net Profit Up 30.5% At Rs 575.8 Cr;

Total Income Up 34.9% At Rs 2,999.7 Cr

Castrol Q3

PAT Down 2.4% At Rs 139.8 Cr; 

Total Income Down 2.9% At Rs 761.7 Cr

EBITDA Margin At 28% Vs 27.5% (YoY)

Net Sales At Rs 759 Cr Vs Rs 781 Cr YoY

Glenmark Q2

PAT At Rs 219.3 Cr Vs CNBC-TV18 Poll Of Rs 245 Cr;

Total Income Rs 2,224.1 Cr Vs CNBC-TV18 Poll Of Rs 2,199.2 Cr

EBITDA At Rs 448.7 Cr Vs CNBC-TV18 Poll Of Rs 427.5 Cr;

EBITDA Margin At 20.2% Vs CNBC-TV18 Poll Of 19.4%

TECH MAHINDRA Q2

Consol Net Profit At Rs 643 Cr Vs Rs 780 Cr YoY

Total Income At Rs 7,167 Cr Vs Rs 6,615 Cr YoY

JSW STEEL Q2

Net Profit At Rs 726.5 Cr Vs CNBC-TV18 Poll Of Rs 750 Cr

Total Income At Rs 14,420.9 Cr Vs Rs 11,993 Cr (YoY)

IOC Q2

Net Profit At Rs 4,507 Cr

Total Income At Rs 1 Lakh Cr

GRM At $4.4/bbl Vs $9.98/bbl QoQ

 Arp-sep Gross Refining Margin At $7.19/bbl

TVS MOTOR Q2

Net Profit At Rs 177 Cr Vs Rs 133 Cr YoY

Total Income At Rs 3,726 Cr Vs Rs 3,089 Cr YoY

BAJAJ FIN Q2

Net Profit At Rs 407 Cr Vs Rs 279 Cr YoY

Total Income At Rs 2,347 Cr Vs Rs 1,680 Cr YoY

ONGC Q2

Net Profit At Rs 4,975 Cr Vs Rs 4,681 Cr YoY

Total Income At Rs 18,395 Cr Vs Rs 20,512 Cr YoY

TATA ELXSI Q2

Net Profit At Rs 43 Cr Vs Rs 41.9 Cr QoQ

Total Income At Rs 303 Vs  Rs 294 Cr QoQ

EBITDA Margin At 24.6% Vs 23.5% QoQ

MRF Q2

Net Profit At Rs 385 Cr Vs Rs 450 Cr YoY

Total Income From Ops At Rs 3,615 Cr Vs Rs 3,653 Cr YoY

EBITDA At Rs 657 Cr Vs Rs 790 Cr YoY

EBITDA Margins At 18.3% Vs 21.8%  YoY

MARUTI Q2

Net Profit At Rs 2,398 Cr Vs CNBC-TV18 Poll Of 1,868 Cr; 

Total Income At Rs Rs 20,297 Cr Vs Rs 15,699.7 Cr

Other Income At Rs 812.6 Cr Vs Rs 473.6 Cr (YoY)

EBITDA Margin At 14.96% Vs 14.3% YoY

NIFTY BANK VIEW:

Nifty Bank (19483)

Nifty bank if trades below 19300 can show again 19000 in coming week if holds 19300..19400 zone can bounce back towards 20000.

NIFTY VIEW:

Nifty 50 (8615)

Nifty did not maintain above 8740 resistance level recommended and now is heading towards 8550 the bounce back zone.

Today being expiry day market can be volatile.

Closing and next day maintain below 8500 can slide down to 8300..8270 zone.

If holds 8500..8550 zone can bounce back to 8700 and this time can cross the hurdle of 8740.

Business Standard

Ø  Bourses seek clarification from Tatas on Mistry letter 
Ø  Iran gives ultimatum to OVL on gas field development
Ø  Tatas staring at $18 bn in writedowns: Cyrus Mistry 
Ø  India's goods losing Chinese market: Report
Ø  Cabinet may consider advancing Budget to February 1 today
Ø  Resolve core issues, not just financials: Industry
Ø  Airtel readying 4G bundled offers to take on RJio

Ø  I-T dept uncovers tax evasion of Rs 38,000 cr
Ø  Hero drives to a record profit of Rs 1,004 cr
Ø  Tata Steel UK's speciality steel business sale put on hold
Ø  Cabinet to take up divestment proposals today
Ø  Over Rs 37,000 cr LIC assets at stake as titans clash in Tata
Ø  Govt agencies procure 34,546 tonnes of kharif pulses till October 25
Ø  LIC buys over 50% of NBCC shares, invests Rs 1,200 cr
Business Line

Mint
Ø  ITC profit jumps 10% in Q2
Ø  My removal is unparalleled in corporate history: Mistry
Ø  Oil price declines weigh on European markets
Ø  Dabur consolidated profitup 5% in Q2 on flat revenues
Ø  India, Iran move closer to conclude gas field deal
Ø  Navneet acquires Britannica India’s curriculum division

Ø  Signs of stabilization emerge at Dr Reddy’s Laboratories
Ø  PNB Housing Finance IPO subscribed 57.7% on Day 2
Ø  Regulator prescribes relaxed norms for price-capped drugs
Ø  Tata Sons dividend payout steady for last decade
Ø  RBI urges public to check R500, Rs1000 currency notes carefully
Ø  Syndicate Bank Q2 net profit falls 75.2% on bad loans
Financial Express

Financial Chronicle
Ø  Sensex ends 255 points down, Nifty settles below 8,620;
Ø  India, New Zealand agree to amend tax treaty, boost trade
Ø  RBI probably cannot bring down inflation to 4% sustainably
Ø  GST Council sets 14% revenue growth as uniform, secular growth rate for all States: Arun Jaitley
Ø  Government mulls doing away with 'wireless operating licence'

Ø  Mahindra aims to double electric car sales in FY17
Ø  Airtel starts overseas roaming scheme with free incoming calls
Ø  Sebi orders attachment of bank, demat a/c of Arise Bhoomi
Ø  India ranks 13th in protection of minority investors
Ø  India is a very important market for Watson: IBM

Market Update

Sgx Nifty -3 pts
‎Dow +30.06 pts ,Nsdq -33.13 , S&P -3.73 pts‎, Bovespa -40 pts  , Ftse -59 pts , Dax -47 pts  , Cac -6 pts , Nikkei  -11 pts  now, Crude @ $49.24 brl (-0.81), Brent @ $49.98 brl (-0.67) , Gold @ $1266.60 (+0.00), Silver @ $17.62 (-0.01), Euro @ $1.0909, JPY @ $104.5900, INR @ $66.8325

Today's Corporate Action
27th  Ex Date

ASMTEC
Interim Dividend - Rs. - 2.5000
BALFC
Interim Dividend - Rs. - 0.5000
ECLERX
Buy Back of Shares 
HCLTECH
Interim Dividend - Rs. - 6.0000
SUNILHITEC
Stock  Split From Rs.10/- to Rs.1/-
‎
Today's Key Result
27th Oct

Maruti Suzuki(Est Net 1735 Cr +42% Yoy During Mkt)‎,
O N G C( Est Net 4919 Cr After Mkt)
Tech Mahindra(Cons Est Net 686 Cr -13% Yoy After Mkt)
A B B, Bajaj Fin, Bajaj Finserv, Bharat Electron,        CastrolIndia,‎.Cholaman.Inv.&Fn,‎Dishman Pharma,‎ Emami,  Glaxosmit Pharma,‎Glenmark Pharma,‎ HCC,‎I O C L,‎  Info Edg.(India),‎ JSW Steel,  Jubilant Life,‎MRF,‎ Shri. City Union,‎ Supreme Inds,‎ Tata Elxsi,‎ ,Torrent Power,‎TVS Motor Co,‎United Spirits.
Estimates-Cogencis

‎
‎Today's Global Data


Oct 27: UK September automotive manufacturing figures; 0431 IST

Oct 27: UK October nationwide house price index; 1130 IST

Oct 27: European Union September monetary developments; 1330 IST

Oct 27: UK August service sector figures; 1400 IST

Oct 27: UK preliminary estimate of Jul-Sep gross domestic product; 1400 IST

Oct 27: UK October Confederation of British Industry distributive trades
survey; 1530 IST

Oct 27: US September advance report on durable goods; 1800 IST

Oct 27: US unemployment insurance claims report week ended Oct 22; 1800 IST

Oct 27: US weekly export sales; 1800 IST

Oct 27: US Jul-Sep housing vacancies; 1930 IST

Oct 27: US Energy Information Administration natural gas storage report for week ended Oct 21; 2000 IST

Oct 27: Federal Reserve Bank of Kansas City survey for October of 10th district; 2030 IST

Hero Moto Q2

Net Profit At Rs 1,004 Cr Vs CNBC-TV18 Poll Of Rs 932 Cr, 

Total Income At Rs 8,448.7 Cr Vs Poll Of Rs 7,838 Cr

EBITDA At Rs 1,368.9 Cr Vs CNBC-TV18 Poll Of Rs 1,309 Cr, 

EBITDA Margin At 16.2% Vs CNBC-TV18 Poll Of 16.7%

HUL Q2

Net Profit Up 11.5% At Rs 1,095.6 Cr Vs Rs 982 Cr (YoY), 

Total Income Up 1.6% At Rs 8,480.3 Cr Vs Rs 8348.6 Cr 

EBITDA Up 5.1% At Rs 1,404.7 Cr Vs Rs 1,336.6 Cr (YoY), 

Margins At 16.6% Vs 16% (YoY). 

Domestic Consumer Biz Grew 2%

Exide Q2

Net Profit At Rs181 Cr Vs CNBC-TV18 Poll Of Rs178 Cr, 

Revenue At Rs2,174.6 Cr Vs CNBC-TV18 Poll Of Rs1,956 Cr 

EBITDA At Rs 292.8 Cr Vs CNBC-TV18 Poll Of Rs 291 Cr, 

EBITDA Margin At 13.5% Vs CNBC-TV18 Poll Of 14.8%

HDFC Q2

Net Profit At Rs1,827 Cr Vs CNBC-TV18 Poll Of Rs1,812.4 Cr, 

Total Income At Rs 8090 Cr  Vs Rs 7410 Cr YoY

Finance Cost At Rs 5246 Cr Vs Rs 4859 Cr YoY

Provisions At Rs95 Cr Vs Rs340 Cr (QoQ)

Loan Book At Rs 2.75 Lakh Cr Vs Rs 2.38 Lakh Cr YoY

DABUR INDIA Q2

Consol Net Profit At Rs 360 Cr  Vs Rs 340 Cr

Consol Total Income At  Rs 1982 Cr Vs Rs 1959 Cr

Board Declares A Dividend Of  Rs 1.25/share

CANARA BANK Q2

Net Profit At Rs 360 Cr Vs Rs 530 Cr YoY

Total Income At Rs 12,190 Cr Vs Rs 12,480 Cr YoY

Gross NPA At 9.81% Vs 9.71%  QoQ

Net NPA At 6.69% As On Sep 30,  Flat Vs Quarter Ago

Basel-iii Capital Adequacy Ratio At 12.19% As On Sept 30

Provision Coverage Ratio At 51.75% As On Sept 30

ITC Q2

Net Profit At Rs 2500 Cr Vs Rs 2385 Cr YoY

Total Income At Rs 13,617 Cr Vs Rs 13,253 Cr YoY

Jubilant Food Q2

PAT At Rs 21.6 Cr Vs CNBC-TV18 Poll Of Rs 28 Cr 

Total Income At Rs 666 Cr Vs CNBC-TV18 Poll Of Rs 663 Cr

Other Income At Rs 4.3 Cr Vs Rs 2.9 Cr (YoY)

SYNDICATE BANK Q2

Net Profit At Rs 82.42 Cr Vs  Rs 330 Cr YoY

Total Income At Rs 6570 Cr  Vs Rs 6670 Cr YoY

Provisions At Rs 860 Cr Vs Rs 440 Cr

Gross NPA At 7.72% Vs 7.53% QoQ

Net NPA At 5.03% Vs 5.04%  QoQ

Basel-iii Capital Adequacy Ratio At 11.35% As On Sept 30

CADILA HEALTH Q2

Net Profit At Rs 338 Cr Vs Rs 475 Cr YoY

Total Income From Ops At  Rs 2404 Cr Vs Rs 2395 Cr YoY

Business Standard

Ø  Govt set to ask RIL, Shell, ONGC to pay $1 bn

Ø  Cash availability to slow trickle down of RBI's rate cuts

Ø  Indian economy can reach USD 6-8 trillion mark in 15 years: Arvind Panagariya

Ø  Ralph Speth, N Chandrasekaran join Tata Sons 

Ø  Recommendations on free data architecture soon: TRAI

Ø  Maharashtra, Karnataka cane farmers to demand Rs 3200/tonne as first installment

Ø  Govt allows 100% FDI in ‘other financial services’


Ø  Power gencos face penalty as coal demand hits a low

Ø  Consolidation, clearing telecom mess top agenda

Ø  FinMin looking at 1-2% cut in corporation tax in FY18 Budget

Ø  Singapore's CapitaLand sets up $1.5 billion private equity fund for China

Ø  Insolvency and Bankruptcy Law to be operational by Dec

Ø  HDFC Bank net profit at Rs 3,455 cr, up 20% in Q2

Ø  Brokers to raise concerns on penalty, compliance costs with sebi

Business Line

Mint
Ø  No caveat filed in any court, clarifies Cyrus Mistry's Office

Ø  Apex court tells Mallya to disclose his foreign assets in a month

Ø  Determined to implement GST from April 1: Eco Affairs Secy

Ø  L&T Infotech to acquire analytics start-up AugmentIQ

Ø  IMD declares cyclone 'Kyant' in Bay of Bengal

Ø  Prudential Financial raises stake in DHFL Pramerica to 49%


Ø  Axis Bank's Q2 profit plunges 83% to Rs319 cr on bad loans

Ø  PNB Housing Finance’s IPO draws 20% bids on Day 1

Ø  BigBasket seeks govt’s approval for Rs100 crore FDI

Ø  Reliance Jio free offer impact on rivals likely by Q3: analysts

Ø  Airtel Q2 profit declines 4.9% as data tariffs cut amid competition

Ø  IDBI Bank Q2 profit halves to Rs56 cr as NPAs nearly double

Financial Express

Financial Chronicle
Ø  Sensex ends 88 points down, Nifty settles below 8,700

Ø  Government has strategic control;no threat to tax data: GST Network Chairman

Ø  IMF urges African states to cut deficits as growth grinds lower

Ø  Idea Cellular slips over 3% on posting 88% decline in consolidated Q2 net profit

Ø  Salaried tax payers to get SMS alerts on TDS deductions


Ø  'Mistry's ouster may be good for Tata Steel's UK ops'

Ø  FIIs remain overweight on Indian markets: UBS

Ø  Focus on mkt leadership, investor returns: Tata to CEOs

Ø  MFs see Rs 16k cr inflow in Sep; Rs 2.34L cr in H1

Ø  CBDT to issue certificates to 10.15 lakh taxpayers

Ø  TPREL inks pact with SECI for 100mw AP solar project

Market Update

Sgx Nifty -33 pts
‎Dow -53.76 pts ,Nsdq -26.43 , S&P -8.17 pts‎, Bovespa -193 pts  , Ftse +31 pts , Dax -3 pts  , Cac -11 pts , Nikkei  -56 pts  now, Crude @ $49.25 brl (-0.75), Brent @ $50.79 brl (-0.67) , Gold @ $1275.30 (+1.70), Silver @ $17.77 (-0.01), Euro @ $1.0886, JPY @ $104.1500, INR @ $66.8250

Today's Corporate Action
26th  Ex Date

BHAGIL
Stock  Split From Rs.10/- to Rs.5/-
DHFL
Interim Dividend - Rs. - 1.0000

Today's Key Result
26th Oct

H D F C,( Est Net 1484 Cr -8% Yoy During Mkt) 
Hero Motocorp,( Est Net 923 Cr +20% Yoy During Mkt) 
Hind. Unilever( Est Net 1054 Cr +10% Yoy During Mkt )
 ITC,(Est Net 2638 Cr +9 % After MKt)
Ajanta Pharma,‎Cadila Health,‎Canara Bank,‎Coromandel International,‎Cummins India,‎ Dabur India,‎ Exide Inds,‎JSW Energy, Jubilant Food,‎ Just Dial,‎Torrent Pharma.
Estimates-Cogencis

Today's‎ Data Alert

Oct 26: Finance Minister British Columbia de Jong, HDFC Ltd ED Rangan and
HSBC Head of Global Banking and Markets Dave to be present at a press
 conference on strategic business initiatives. 1100 IST, Mumbai.

Today's Global Data

Oct 26: US API statistical bulletin for week ended Oct 21; 0200 IST

Oct 26: Japan September services producer price index; 0520 IST

Oct 26: Germany September foreign trade price indices; 1130 IST

Oct 26: Germany November consumer climate survey; 1130 IST

Oct 26: UK September British bankers Association main high street group's
statistics; 1400 IST

Oct 26: US Mortgage Bankers Association mortgage applications survey week  ended Oct 21; 1630 IST

Oct 26: US September advance economic indicators report; 1800 IST

Oct 26: US September new residential sales for week ended Oct 21; 1930 IST

Oct 26: US Energy Information Administration petroleum status report for week ended Oct 21; 2000 IST

IDEA Q2

Cons Net Profit At Rs 91.4 Cr Vs CNBC-TV18 Poll Of Rs 130 Cr, 

Cons Total Income At Rs 9,300 Cr Vs Poll Of  Rs 9,360 Cr

BHARTI INFRATEL Q2

Cons Net Profit At Rs 774 Cr Vs Rs 592 Cr YoY

Cons Total Income At Rs 1,496 Cr Vs Rs 1,373 Cr YoY

RELIANCE CAPITAL Q2

Cons Net Profit At Rs 253 Cr Vs Rs 250 Cr YoY

Cons Total Income At Rs 4,886 Cr Vs Rs 2,346 Cr YoY

INDIABULLS REAL Q2

Cons Net Profit At Rs 141.6 Cr Vs Rs 70.6 Cr YoY

Total Income At Rs 710 Cr Vs  Rs 722 Cr YoY

ADANI POWER Q2

Cons Net Loss At 113 Cr  Vs Rs 405 Cr YoY

Cons Total Income At Rs 5,776 Cr Vs Rs 5,751 Cr YoY

ADANI ENT Q2

Cons Net Profit At Rs 63.9 Cr Vs Rs 299 Cr YoY

Cons Net Sales Down 16.35 At  Rs 7,590 Cr Vs Rs 9,028 Cr YoY

NIFTY BANK VIEW:

Nifty bank has broke its trendline edge and now is heading towards 20220.

Support lies around 19000..19400.

Any close below this can slide down.

NIFTY VIEW:

Nifty is near its channel trendline edge 8700..8740 zone.

Any close above this can take it into a new rally zone and will head towards new high.

But if faces resistance can slide down to again 8500.

Economic Times

Business Standard

Ø  Singh brothers in talks to sell Religare Finvest for Rs 6,000 cr

Ø  RIL set to sign $600 million ethane ship deal today

Ø  IDFC Alternatives buys 3 Punj Lloyd solar projects

Ø  Trai floats paper on interconnect rules

Ø  Oil price down cycle 'nearing end': Khalid al-Falih

Ø  'Telcos liable for bill payment issues on mobile apps'

Ø  Working to make India an arbitration hub: PM Modi

Ø  India cautions against using regional trade pacts to change WTO pacts



Ø  Govt, banks meet today on stressed assets

Ø  Tata, R-Infra asked to explore PPA options

Ø  WTO meet: India calls for level playing field in agri-trade

Ø  FIPB to take up 19 investment proposals this week

Ø  Coking coal price surge to pull down steel companies

Ø  GST can be paid online using debit, credit cards: Revenue Secretary

Ø  MERC directs Tata, Reliance to explore power purchase options

Business Line



Mint

Ø  Interconnect exchange back on TRAI’s radar

Ø  AT&T-Time Warner may signal start of new media industry consolidation 

Ø  Patanjali entering textile manufacturing sector: Ramdev

Ø  PE investments decline 53% to $2.5 bn in Sept quarter: Report

Ø  Hind National Glass to go to BIFR as a ‘potential sick firm’

Ø  Schneider Electric eyeing acquisitions in India 



Ø  Iraq will maintain oil output while Opec partners discuss cuts

Ø  Finance ministry expects report on debit card data breach in 10 days

Ø  Internet-connected gadgets blamed for Friday malware attack

Ø  Aviation watchdog DGCA to soon get powers to slap penalties

Ø  Finance ministry declines to share black money assessment reports

Financial Express



Financial Chronicle

Ø  Banks eye 'resolution' of Rs 1.5 lakh cr worth stressed assets

Ø  COAI dismayed over fine on telcos, takes hands off approach

Ø  HCL Tech bets on acquisitions to drive growth

Ø  SEBI refers complaint against Sahara Q Shop to Maharashtra

Ø  Anti-black money operations to be intensified

Ø  AT&T-Time Warner Could Disrupt $8 Trillion Debt Market: Gadfly



Ø  GST law to boost domestic demand, drive job creation: PM

Ø  Banks planning to move out of UK before EU exit

Ø  Govt to further ease visa regime to boost tourism, biz

Ø  Sebi plans greater push to secure marketplace from cyber risks

Ø  Govt decides to fast-track irrigation projects in Indus basin

Ø  Sebi relaxes restrictions on 41 entities

Market Update

Sgx Nifty +11 pts
‎Dow -16.64 pts ,Nsdq +15.57 , S&P -0.18 pts‎, Bovespa +270 , Ftse -6 pts , Dax +9 pts  , Cac -4 pts , Nikkei  -2 pts  now, Crude @ $50.63 brl (-0.22), Brent @ $51.60 brl (-0.18) , Gold @ $1267.20 (-0.50), Silver @ $17.52 (+0.03), Euro @ $1.0879, JPY @ $103.9100, INR @ $66.8900



Today's Corporate Action
24th  Ex Date


CNOVAPETRO
Right Issue of Equity Shares 
CYIENT
Interim Dividend - Rs. - 3.0000
HIGHGROUND
Bonus Issue - 1:10
KTKBANK
Right Issue of Equity Shares 
TCS
Interim Dividend -Rs - 6.5000


Today's Key Result
24th Oct


Adani Enterp,‎ Adani Power , Adani Trans, Axis Bank ,Bharti Infra,Idea Cellular,Rallis India,Reliance Capital

MINDTREE Q2

Net Profit At Rs 114 Cr Vs  Rs 147 Cr YoY

Total Income At Rs 1,177 Cr Vs Rs 1,065 Cr YoY

WIPRO Q2

Consol Net Profit At Rs 2070 Cr Vs Rs 2050 Cr QoQ

Cons Net Sales At Rs 13,896 Cr Rs 13,697 Cr QoQ

I.T Services Revenue At  Rs 13,137 Cr Vs Rs 12,043 Cr YoY

$ Revenue Guidance Implies Growth Of 0% To 2%

Gross Utilization Has Increased By  134 Bps To 71.2%

CAIRN INDIA Q2

Cons Net Profit At Rs 779 Cr Vs Rs 326 Cr YoY

Total Income At Rs 2,039 Cr Rs 2,242 Cr YoY

Economic Times

Business Standard

Ø  Debit card data theft: Finance Ministry, RBI seek report

Ø  RBI simplifies norms for ECB transactions

Ø  Telcos pay over Rs 32,400 cr to govt for spectrum purchase

Ø  3.2 mn debit cards compromised, SBI among worst hit

Ø  Wipro to buy Appirio cloud services for $500 mn 

Ø  Tata Steel's UK ops still 'not out of the woods': CEO

Ø  Sugar mills likely to default on debt worth Rs 11,000 crore



Ø  RIL Q2 consolidated net down 23% at Rs 7,206 cr

Ø  Captive power equity structure to be modified

Ø  Investment in PPP projects shows a decline: Moody

Ø  Reliance Jio says adding 0.6-1.1 million customers every day

Ø  Banks exhaust all means of recovering money from Vijay Mallya

Ø  641 customers compromised, banks in damage control mode

Business Line



Mint

Ø  NBCC stake-sale: Non-retail portion subscribed 1.54 times

Ø  Maggi wins back market share on sustained recovery

Ø  LIC Housing Fin logs 20% rise in net profit 

Ø  Ashok Leyland bags ₹1,140 cr order from Tanzania

Ø  YES Bank net profit jumps 31% in July-Sept quarter

Ø  Mukesh Ambani’s wealth at $22.7bn equals Estonia’s GDP: Forbes 



Ø  Aditya Birla Group in talks with IFFCO to sell fertilizer arm

Ø  Sahara to deposit Rs200 cr, seeks advancement of hearing

Ø  Biocon profit up 52% to Rs.147 crore in Q2

Ø  Sebi to use drum-beaters, loudspeakers for attachment notices

Ø  Rupee closes lower at 66.81 against dollar; down 0.2%

Ø  Suzlon sells stakes to Canadian Solar, Unisun in solar projects

Financial Express



Financial Chronicle

Ø  Sensex ends 145 points up, Nifty settles tad below 8,700

Ø  No need to panic, debit cards are safe: Finance Ministry

Ø  Reliance Jio may extend your free 4G data period

Ø  EPFO has invested over Rs 9000 crore in ETFs: Bandaru Dattatreya

Ø  Tata Motors optimising structure to speed up product launches

Ø  Not looking for a partner in NMDC's Nagarnar steel plant: Government



Ø  DGCEI detects Rs 2,300 crore of black money

Ø  Next tranche of Sovereign Gold Bonds from Oct 24

Ø  Relax sourcing norms for single brand retail: US

Ø  SIDBI launches Rs 60 cr corpus ASPIRE fund

Ø  India growing faster than US for us: Facebook

Ø  Sebi re-constitutes panel on disclosure, accounting standards

Ø  No sale of heavy industry PSUs

MARKET UPDATE

Dow:18162         -40          -0.22%
Nasdaq:5241       -4           -0.09%
S&P500:2141      -2           -0.14% 
VIX :13.75         -0.66        -4.58%
Nikkei:17266     +30        +0.18%
Infy: -0.63%,               Wit: -1.39%
Ttm: -1.19%,              Rdy: -0.09%
Hdb:+0.03%,              Ibn:+3.26% 
SBID:+0.66%,         RIGD: -1.38%
Us/Inr: $66.83,         Eu/Us:1.09
DIX: 98.31,               JPY: 104.07
Gold:$1265,          Silver: $17.46
Oil: $50.58,           Brent: $51.35
US10-YR : 1.758%   +0.011

LIC HSG FINANCE Q2

Net Profit At Rs 490 Cr Vs  Rs 410 Cr (YoY)

Total Income At Rs 3,460 Cr Vs Rs 3,060 Cr (YoY)

Calculated NII Up 20.8% At Rs 865.7 Cr

YES BANK Q2

Net Profit At Rs 802 Cr Vs  Rs 610 Cr (YoY)

Total Income At Rs 4980 Cr  Vs Rs 3990 Cr (YoY)

Provisions At Rs 160 Cr Vs   Rs 100 Cr  (YoY)

Gross NPA Unchanged At 0.29% QoQ

NII At Rs 1,446.2 Cr Vs CNBC-TV18 Poll Of Rs 1,379 Cr

Gross NPA At Rs 916.7 Vs Rs 844.6 (QoQ)

MARKET UPDATE

Dow:18202.   +40    +0.22%

Nasdaq:5246   +2    +0.05%

S&P500:2144  +4.   +0.22% 

VIX :14.41  -0.87     -5.69%

Nikkei: 16998  -1    -0.00%

Infy:+0.61%,           Wit:+0.70%

Ttm:+0.63%,          Rdy:+0.59%

Hdb: -0.18%,         Ibn: -1.60% 

SBID: -0.78%,        RIGD:+0.77%

Us/Inr: $66.64,      Eu/Us:1.09

DIX: 97.87,            JPY: 103.47

Gold:$1270,          Silver: $17.71

Oil: $51.49,            Brent: $52.63

US10-YR : 1.752%   +0.000

SGX Nifty: 8690.00   +32.00

Economic Times

Business Standard
Ø  3.2 mn debit cards compromised; SBI, HDFC Bank, ICICI worst hit
Ø  GST: Centre, states put off decision on rate to next month
Ø  SoftBank to aggressively back Snapdeal, Ola in fight with Amazon, Uber
Ø  Rosneft, BP entry may fuel retail competition in India
Ø  Air India's debt shrinks by Rs 5,000 cr last fiscal

Ø  GST Council meet ends without decision on rates
Ø  Govt to offload 15% in NBCC today, targets Rs 2,200 crore
Ø  Centre mulls lowering sugar import duty to cool down prices
Ø  Maharashtra advances cane crushing season to Nov 5
Ø  Russia agrees to lease another nuclear submarine to India
Ø  K P Singh, Piramal biggest gainers on Forbes list
Ø  CCI to probe GAIL for alleged unfair biz practices
Business Line

Mint
Ø  UTI Mastershare completes three decades of building wealth
Ø  Suzlon ties up with Canadian Solar for two Telangana projects
Ø  Sun Pharma, genetic research centre to develop dengue vaccine
Ø  MCX copper resumes medium-term downtrend
Ø  Domestic air passenger traffic soars 23.4% in September
Ø  NCC-BGR team bags coal mine project in West Bengal 

Ø  Real estate as collateral backing bad loans in India may be worth $45 billion
Ø  India’s rooftop solar capacity crosses 1 GW: Bridge To India report
Ø  Vijay Mallya’s Goa Kingfisher Villa fails to get bidders at auction
Ø  Canada’s CDPQ buys minority stake in TVS Logistics
Ø  NIIT Technologies’s Q2 profit falls 9% 58.9 cr; revenue up 2%
Financial Express

Financial Chronicle
Ø  Sensex ends 66.51 points down, Nifty settles below 8,660; Wipro, Lupin, Gail gain
Ø  US banks face new demands to guard themselves from hackers
Ø  Oil rises to 15-month high on US supply drop, OPEC optimism
Ø  PNB Housing to use IPO money for growth, expand network

Ø  Govt seeks putting Cairn arbitration on hold
Ø  VC funding in IT health sector touches $4.2b
Ø  CBDT issues rules for taxing share buybacks
Ø  SC orders Unitech to refund home buyers

HINDUSTAN ZINC Q2

Net Profit Down 15.4% At Rs 1,902 Cr Vs Rs 2,248 Cr YoY

Total Income Down 11% At Rs 3,877 Cr Vs Rs 4,358 Cr YoY

Mined Metal Production At 192kt In Q2, Up 51% QoQ

NIFTY VIEW:

Nifty( 8677)

Nifty yesterday bounced back from our recommended level of 8500 and showed good momentum hitting both our trgts upto 8612 

Today it can again show good momentum upto 8860 if maintains above 8680..8710 zone 

8480..8500 still remains the support zone

Economic Times

Business Standard

Ø  GST: Govt proposes rates of 6%, 12%, 18% & 26% 

Ø  Deal with Jio will help RCom gain technological edge: Anil Ambani

Ø  India’s export slump partially due to internal failure

Ø  Lenders set stiff terms for debt recast of Essar Steel

Ø  Agencies warn government of Bitcoin misuse

Ø  Niti aayog to host global arbitration meet from October 21



Ø  RIL gross refining margins to moderate in Sept quarter

Ø  Foxconn's $5-bn investment in M’tra remains a mirage

Ø  Delhi High Court rejects Cairn India's export plea

Ø  Sebi blow for MF distribution biz

Ø  ABG Shipyard may sell controlling stake to Russian firm

Ø  PNB Housing to hit market on Tuesday

Ø  Delhi High Court rejects Cairn India's export plea

Business Line



Mint

Ø  CBDT issues final rules for taxing share-buyback

Ø  World apparel trade: India is in a sweet spot, says CARE

Ø  PTC India Fin uses Sarfaesi law to recover dues from 2 projects

Ø  Tata-DoCoMo dispute: Japanese firm seeks $1.17-b worth assets to settle case

Ø  ESIC eyes pan-India expansion with healthcare facilities 



Ø MakeMyTrip to buy Ibibo Group’s India travel business for $720 million

Ø  Centre, states brace for a testy face-off on GST rates

Ø  Deloitte to audit NSE’s algorithmic trading system

Ø  US Exim Bank to tap India's airport sector

Ø  GMR Group in talks for stake sale in Chhattisgarh power plant

Financial Express



Financial Chronicle

Ø  Sensex reclaims 28,000, zooms 521 points, Nifty settles above 8,670 

Ø  Henderson’s $6 billion fund manager is hedging for equity slumps

Ø  Climate change could push 122 mn into extreme poverty: UN

Ø  Stainless steel producers, end users clash over imports

Ø  Air India mulls Rs 10,000 cr debt rejig under RBI's new scheme



Ø  Curbs on black money cut gold appetite

Ø  Govt to decide fate of 2 dozen PSUs today

Ø  India to be third largest aviation market

Ø  Cabinet may consider budget on Feb 1 today

Ø  Centre weighs sugar FRP as UP polls approach

Ø  Realtors get a dressing down from apex court