MARKET UPDATES

INDIAN MARKETS:
SENSEX:27253.44(-108.52)
NIFTY:8232.9(-27.65)
BANK NIFTY:17806.3(-8.75)
SGXNIFTY:8245(-23.5)

EUROPEAN MARKETS:
FTSE:6398.58(-18.44)
CAC:4883.75(-13.38)
DAX:10777.47(-23.87)

ASIAN MARKETS:
NIKKIE:18774.76(-172.36)
STRAITS:3052.53(-30.54)
HANGSANG:23142.73(+26.48)
SHANGHAI:3434.27(+4.69)

US FUTURES ON NSE:
DOW:17525(+5)
S&P500:2062.5(-0.5)

GAINERS:
MARUTI:+2.55%
ULTRATECH:+2.27%
SUNPH:+2.23%
BPCL:+1.21%
ASIANPAINT:+1.15%

LOSERS:
LUPIN:-5.16%
ONGC:-3.33%
GAIL:-3.16%
HDFC:-2.86%
BOB:-2.15%


CURRENCY:
USDINR OCT:64.9750(+0.05%)
USDINR NOV:65.3275(+0.04%)
USDINR DEC:65.6900(+0.06%)

 Nifty ends below 8,250 ahead of FOMC meet; metal & oil shares drag

Canada Pension Plan Investment Board sets up base in India

 Maruti Suzuki gains post Q2 results

IndiGo IPO off to strong start, subscribed 80%

 Maxwell gains on board nod to allot shares to promoters

 Sensex falls over 100 points; Lupin, HDFC dip 2-6%

TVS Motor surges on robust Q2 earnings

 Lupin dips on disappointing Q2 results

Raymond slips after strike by workmen at Chhindwara unit

RBI considering reforms in debt markets: Khan

 Solar Industries surges on funds buying

 FIIs trim exposure in 19 Sensex cos in Jul-Sep qtr

 NIIT Technologies hits new high on pact with flydubai

 Sebi to vet rating agencies' processes, issue new guidelines

 Aurobindo Pharma hits record high

 Metal stocks lose sheen in a weak market

 Emkay Global soars on robust Q2 results

 RIL first corporate to sign revised listing pact with BSE

 Den Networks rallies as RBI raises FIIs' equity limit in firm to 74%

 Hitachi Home dips on weak Q2 results

Francesco Gori joins Apollo Tyres as Advisor for Strategy

Axis Bank net profit up 19%

 Axis Bank Q2 profit up 19%, meets estimates

 Vedanta Q2 net drops 41% at Rs 974 crore

 SpiceJet puts 300,000 domestic & international seats on discount

 Coromandel International Q2 net slightly up at Rs 29 cr

 Maruti Suzuki Q2 net surges 42% to Rs 1,225 crore

 Quintype raises $3.25 mn in funding round led by Raghav Bahl

 TVS Motor Q2 net rises 23% to Rs 116 cr

 Lupin Q2 net down 35%, lags estimates

Steel producers now want safeguard duty on coated products

 Moody's revises outlook on JSW Steel to negative from stable

 Dish TV posts Q2 profit at Rs 90 cr

 TVS Growth Fund buys 4 % stake in IEX

 China's Baidu becomes the biggest shareholder in Ctrip

 Uber's bumpy ride in India

 Hero aims to sell 600,000 two-wheelers in October

 Hitachi makes Hitachi Hi-Rel its wholly-owned subsidiary

 Fintech start-up Razorpay secures $9 million in series A funding

 Bajaj launches Avenger cruiser at Rs 84,000

 Tesla may set up Gigafactory in India: Elon Musk

German transport minister briefs US counterpart on steps to address VW scandal

Bharat Forge revamps European ops to pare costs, manage tax

 SpiceJet offers over 3 lakh seats at low fares in Diwali sale

 Oracle ready for India expansion, says CEO Mark Hurd

Kudankulam nuclear reactor to restart generation in December: Source

 Change in quality norms adds to woes of metal scrap importers

BREAKING NEWS:

 Chinese gov will announce to launch a plan to inject pension funds into capital markets in 2016 with estimated size of 2 trillion RMB!


@ETMarkets: #Chinese imports threaten revenue growth of Indian tyre companies https://t.co/fWKR7dLYOL https://t.co/5wx5WAQEij

NIFTY UPDATES

If Nifty spot breaks 8200 and  closes below we can see selling but if bounces back from here we can see good move.

EARNINGS: Bloomberg Estimates:

 * Alembic Pharmaceuticals 2Q 1.88b
 * Axis Bank 2Q 19.4b
 * Ceat 2Q 1.18b
 * Coromandel International 2Q 1.47b
 * Dish TV India 2Q 595m
 * Lupin 2Q 5.7b
 * Mahindra Holidays & Resorts 2Q 283m
 * Maruti Suzuki 2Q 12.6b
 * PI Industries 2Q 590m
 * Shasun Pharmaceuticals 2Q
 * Strides Arcolab 2Q 410m
 * Supreme Petrochem 1Q
 * Tata Communications 2Q -114m
 * Thermax 2Q 847m
 * TVS Motor Co. 2Q 1.05b
 * Vedanta 2Q 6.25b

Call of 16/10/15


@ 12:58


Buy Tata Motor DVR  @258 SL 250 
trgt 274/284

FIRST TRGT HIT

Call of 21/10/15

@ 13:00

Short Biocon below 454 or around 458 SL 460 trgt 446 and lower

TRGT HIT

RESULTS THIS WEEK

✔️ 26-Oct-15
BHARTIARTL
BLUESTARCO
HDFC
HIL
NAVNETEDUL

✔️ 27-Oct-15
AXISBANK
BBL
CEATLTD
COROMANDEL
DISHTV
LUPIN
MARUTI
STAR
TATACOMM
THERMAX
TVSMOTOR


✔️ 28-Oct-15
AMARAJABAT
AMBUJACEM
DABUR
DENORA
ELANTAS
EXIDEIND
FMGOETZE
HIKAL
INDIANHUME
INDNIPPON
JETAIRWAYS
JKTYRE
MCX
ONMOBILE
PANAENERG
PIDILITIND
RAYMOND
SHANTIGEAR
SUNTV
SYNDIBANK
TATAELXSI

✔️ 29-Oct-15
ALSTOM T&D
BEL
BHARATFORG
COLPAL
CROMPGREAV
DRREDDY
GICHSGFIN
GLENMARK
GPPL
GRASIM
GRINDWELL
HCC
HEIDELBERG
IFCI
MORGANITE
MRF
MRPL
NESTLEIND
NTPC
POLARIS
SBT
SEQUENT
SKFINDIA
SRTRANSFIN
SUPREMEIND
THOMASCOOK
TORNTPHARM
YESBANK

✔️ 30-Oct-15
3MINDIA
AJANTPHARM
ATUL
CENTURYTEX
CMIFPE
ICICIBANK
ITC
KOTAKBANK
LT
MERCK
SUNDARMFIN
TITAN
VOITHPAPR

✔️ 31-Oct-15
COX&KINGS
DIVISLAB
GLAXO
GODFRYPHLP
IDFC
IOB
SUNDRMBRAK

✔️ 02-Nov-15
ADANIENT
ADANIPORTS
AIAENG
CARERATING
ESCORTS
GREAVESCOT
INDIANB
LAXMIMACH
MONSANTO
NILKAMAL
ORIENTBANK
PEL
PHILIPCARB
RELCAPITAL
SUNDRMFAST
TIDEWATER
UBL
UNITDSPR

✔️ 03-Nov-15
ABB
ADANIPOWER
ADCINDIA
BALRAMCHIN
BERGEPAINT
BOMDYEING
CHAMBLFERT
CHENNPETRO
DAICHI
FINCABLES
GABRIEL
INDIAGLYCO
INTEGRAEN
IOC
PFC
POWERGRID
PTC
PVR
SCHNEIDER
TECHM
TIMEX
TNPL

✔️ 04-Nov-15
BATAINDIA
CANBK
ENGINERSIN
GODREJPROP
HONDAPOWER
INDOTECH
JBCHEPHARM
PGHH
SCI

✔️ 05-Nov-15
CASTROLIND
CENTUM
CUMMINSIND
DEEPAKFERT
ESABINDIA
FAGBEARING
GMM
HIRECT
ICRA
INGERRAND
RICOHQ
SNOWMAN
SONASTEER
SUNCLAYLTD
TATASTEEL

✔️ 06-Nov-15
ASTRAZEN
BEML
BOSCHLTD
GODREJIND
GSKCONS
HAWKINCOOK
M&M
MOTHERSUMI
NAUKRI
ORIENTREF
PNB
RAMCOCEM
RAMCOIND
RAMCOSYS
STOVAC
TATAMOTORS
UNIONBANK
VOLTAS
VSTIND

 ✔️ 07-Nov-15
BRITANNIA
FDC
IFGLREFRAC
SUNPHARMA
VESUVIUS
WABAG

✔️ 09-Nov-15
ABIRLANUVO
BPCL
GOODRICKE
KENNAMET
LINDEINDIA
NBCC
PAGEIND
SUPRAJIT
TATAPOWER
TIMKEN
WABCOINDIA

✔️ 10-Nov-15
IVC
KOKUYOCMLN
NCC
EIDPAARY

MARKET UPDATES

INDIAN MARKETS:
SENSEX:27470.81(+183.15)
NIFTY:8295.45(+43.75)
BANK NIFTY:17934.05(+223.5)
 .5(+40.5)

EUROPEAN MARKETS:
FTSE:6483.3(+107.02)
CAC:4939.99(+137.81)
DAX:10811.01(+319.04)

ASIAN MARKETS:
NIKKIE:18825.3(+389.43)
STRAITS:3068.46(+30.35)
HANGSANG:23151.94(+306.57)
SHANGHAI:3413.19(+44.45)

US FUTURES ON NSE:
DOW:17437.5(+280)
S&P500:2057(+27.5)

GAINERS:
 ITC:+2.81%
AXIS:+2.72%
CAIRN:+2.46%
GAIL:+2.26%
NTPC:+2.08%

LOSERS:
IDEA:-7.54%
BHARTI:-3.34%
VED:-2.81%
LNT:-2.59%
MARUTI:-2.1%

CURRENCY:
USDINR OCT:64.8225(-0.55%)
USDINR NOV:65.1875(-0.51%)
USDINR DEC:65.5425(-0.60%)

 Sensex ends at 2-month high on ECB stimulus hopes

Sensex ends 183 points higher

Inox Leisure dips post Q2 results

Gold falls on muted demand, silver shapes up on fresh buying

Kansai Nerolac gains after Q2 net profit rises 33%

VIP Industries zooms 20% on four-fold jump in Q2 net profit

Shriram Transport gains after RBI allows equity purchases by FIIs

Talwalkars gains on pact with Sri Lankan firm

Aurobindo Pharma gains on USFDA approval for Tramadol Hydrochloride

Idea Cellular dips post Q2 results

KPIT Technologies rallies over 10% on robust Q2 results

eClerx Services hits 52-week high on bonus issue plan

Cadila Healthcare hits record high on strong Q2 results

Bausch + Lomb eyes 20% growth, launches new contact lens range

Aroma Group launches 5-star hotels 'Fragrant Nature Hotels and Resorts'

TVS Srichakra to invest Rs 150 cr

Glenmark inks pact with Celon Pharma for generic Seretide Accuhaler

This hardware firm is shaking up China's manufacturing industry

Kansai Nerolac Q2 net climbs 33% to Rs 97 cr

Ratan Tata invests in Silicon Valley Bitcoin startup Abra

Apple announces clean-energy investments in China

The UX of 3 of India's hottest food delivery start-ups

 Sanjay Dutt buys team in retired cricketers' T20 league

 Fertilizer Corp's new urea plant gets Centre's green nod

 Assessing India situation with regard to global recall: Toyota

 Xiaomi may miss its smartphone sales targets this year

Aurobindo may launch pain relief tablets in US market

Bharti Infratel Q2 net surges 25% to Rs 579 cr

Microsoft cutting about 1,000 jobs: CNBC

Nifty companies detailing Jul-Sep earnings:

  + ASIAN PAINTS (consolidated net profit seen at 4.40 bln rupees, up 27% YoY)
ADITYA BIRLA CHEMICALS INDIA: Shareholders have approved the firm's proposal
to raise up to 12 bln rupees through private placement. (Mint)

* AXIS BANK: Is looking to more than double its stake in insurance partner Max
Life Insurance to 8-9%. (ET, Thu)

* BANK OF BARODA: Minister of State for Finance Jayant Sinha has said the fraud
in the bank was a one-off case and not a systemic failure. (Cogencis)

* CAIRN INDIA: Reported Jul-Sep consolidated net profit of 6.73 bln rupees,
down 70.5% on year and net sales of 22.42 bln rupees, down 43.7% on year.
(Cogencis)
    The government has rejected the company's plea to renew the contract for
the Rajasthan block with existing terms and conditions, and has asked for the
investment plan for the renewal period to assess the state's share of profit.
(ET, Thu)

* CEAT: Has launched its Milaze range of tubeless tyres for scooters. (Cogencis)

* COAL INDIA: Plans to put in place a mechanism to monitor execution of
mining projects that cost over 1.5 bln rupees. (PTI)

* DLF: Has appointed J.P. Morgan and Morgan Stanley as merchant bankers for the
proposed sale of promoters' 40% stake in the company's rental arm, DLF Cyber
City Developers, to institutional investors. (PTI, Thu)

* ECLERX SERVICES: The company's board of directors will consider a proposal for
bonus issue of shares on Nov 2. (Cogencis)

* FINANCIAL TECHNOLOGIES INDIA: Has exited from Indian Energy Exchange by
selling its entire 19.06% stake in the bourse. (PTI, Thu)

* HDFC: Has begun buying back more home loans that it sources for mortgage
lender Housing Development Finance Corp. The bank will continue to maintain a
net interest margin in the 4.1-4.4% band, despite shifts in the interest rate
cycle. (Cogencis)

* HERO MOTOCORP: Plans to enter three new countries-- Argentina, Mexico and
Nigeria--by the end of this year as it looks to widen its footprint across
global markets. (DNA)

* IDEA CELLULAR: Reported a 13.1% quarter-on-quarter fall in Jul-Sep
consolidated net profit to 8.1 bln rupees, and 1.2% quarter-on-quarter decline
in total income to 86.9 bln rupees. (Cogencis)

* JSW STEEL: Reported a 84.4% on year fall in Jul-Sep consolidated net profit
to 1.17 bln rupees and a 21.5% year-on-year decline in net sales to 107.43 bln
rupees. (Cogencis)

* KPIT TECHNOLOGIES: Reported consolidated Jul-Sep net profit of 750.88 mln
rupees, up 6.4% on year and net sales of 8.12 bln rupees, up 7.2% on year.
(Cogencis)

* MARUTI SUZUKI INDIA: Has raised wages of temporary workers at its Gurgaon
and Manesar plants by an average of 10% a month. (PTI, Thu)

* NMDC: Has signed an export deal with Japan and Korea to supply 3.8-5.5 mtpa
of iron ore over the next six months. (Cogencis)

* OIL & NATURAL GAS CORP: Arm ONGC Videsh is negotiating to buy additional
equity stake in some fields of Rosneft. (FE)

* PETRONET LNG: Is shelling out 4 bln rupees every quarter in demurrage charges
for ships idling because of its public sector unit buyers refusing to buy
expensive imported gas. (PTI)

* POWER GRID CORP OF INDIA: Fitch Ratings has affirmed the company's long-term
issuer default rating at 'BBB-', with a stable outlook, citing strong market
position and no risk to revenue. (Cogencis)
    The company has won the 70.32-bln-rupee Vemagiri-II transmission project.
(BS, Thu)

* RELIANCE COMMUNICATIONS: The company is planning to roll out a 3G intra-circle
roaming-like agreement to continue 2G services in Bihar, West Bengal and Assam
after its right to use 2G spectrum expires in December and has approached IDEA
CELLULAR and Vodafone for the same. (PTI)

* RELIANCE INFRASTRUCTURE: Arm Mumbai Metro One has said there will not be any
changes in the discounted fares of 10-20-30-40 rupees for travel on the
Mumbai metro till Nov 30. (BS)

* SATIN CREDITCARE NETWORK: Is in talks to raise 700 mln rupees by selling
10-11% stake, and additional 1 bln rupees tier II capital. (Mint)

* SREI INFRASTRUCTURE FINANCE: American Tower Corp has signed a pact with Tata
Teleservices and Srei Infrastructure Finance to acquire 51% controlling interest
in Viom Networks for a total cash consideration of 76 bln rupees. (Cogencis)

* SHRIRAM TRANSPORT FINANCE CO: A day after it barred foreign portfolio
investors from investing further in the company, the Reserve Bank of India
has lifted the ban after the company passed relevant resolutions to raise the
FPI investment limit to 74%. (Cogencis)

* SPECIALITY RESTAURANTS: The Municipal Corporation of Greater Mumbai has
sealed a Mainland China outlet of the company for illegal use of open space.
(Cogencis)

* STRIDES ARCOLAB: Has entered into a pact to acquire seven brands from Johnson
& Johnson and buy majority stake in the domestic branded business of Medispan.
(Cogencis)

* SUN PHARMACEUTICAL INDUSTRIES: Has settled a patent case filed against the
company by US-based Acorda Therapeutics Inc for infringement of patents over
its multiple sclerosis drug Ampyra. (Cogencis)

* SUN TV NETWORK: Sony Music Entertainment has joined hands with the company to
air children's content and plans to invest 1-1.5 bln rupees in the coming years
to generate pop business and children's content. (BS)

* TATA STEEL: Has tied up with Sure Safety Solutions to set up an assembly line
of aerial targets for armed forces next to its special economic zone in
Gopalpur, Odisha. (ET)

* TATA MOTORS: Arm TML Holdings has raised $600 mln from six banks in two
tranches of $300 mln each, for five and seven year periods. (Mint)

* THOMAS COOK INDIA: Will consider issuing non-convertible redeemable preference
shares on private placement basis at its board meeting on Saturday. (Cogencis)

* TORRENT PHARMACEUTICALS: Has received approval from the US Food and Drugs
Administration for a generic of Pfizer Inc's heartburn drug Nexium. (Cogencis)

* TVS MOTOR CO: Has launched its moped TVS XL100 in Uttar Pradesh. (BL, Thu)

* WIPRO: Jul-Sep consolidated net profit rose 2.2% sequentially to 22.35 bln
rupees and net sales rose 1.6% quarter-on-quarter to 125.67 bln rupees.
(Cogencis)
    The company has guided for a sluggish growth in Oct-Dec pegging revenue
for the quarter in the range of $1.84 bln-$1.88 bln, translating into a
sequential growth of 0.5-2.7%.

#ITC to enter dairy market with ghee by end of quarter http://t.co/Nd3Kqpiiy0 -- EconomicTimes (@EconomicTimes)

Call of 01/09/15 TUESDAY

@ 8:58

Buy ITC  ltp 326 SL 290 trgt 344/354 /372

Time frame 1 month

 SECOND TRGT HIT

MARKET UPDATES

INDIAN MARKETS:
SENSEX :27287.66(-19.17)
NIFTY:8251.7(-9.95)
BANKNIFTY:17710.55(-119.7)
SGX NIFTY:8258(-7)

EUROPEAN MARKETS:
FTSE:6368.71(+23.58)
CAC:4702.82(+29.01)
DAX:10241.79(+94.11)

ASIAN MARKETS:
NIKKIE:18554.28(+347.13)
STRAITS:3025.7(+6.67)
HANGSANG:22989.22(-86.39)
SHANGHAI:3306.52(-118.81)

US FUTURES ON NSE:
DOW:17157.5(+107.5)
S&P500:2029.5(+8.5)

GAINERS:
 VED:+3.8%
BAJAAUT:+3.28%
BHARTI:+2.67%
NTPC:+1.56%
TATASTL:+1.5%

LOSERS:
DRREDDY:-3.38%
ASIANPAINT:-2.19%
SBIN:-1.98%
GAIL:-1.98%
BHEL:-1.93%


CURRENCY:
USDINR OCT:65.1625(+0.08%)
USDINR NOV:65.5200(+0.08%)
USDINR DEC:65.8925(+0.11%)


 Sebi issues new risk management norms for regional comexes

'Building blocks for sustainable recovery seem to be in place'

 Markets end flat amid choppy trades; Nifty holds 8,250

 Jubilant Life Sciences hits record high; zooms over 100% in three months

Bajaj Auto gains as Q2 profit beats forecast

 Aksh Optifibre dips after Rajasthan HC admits winding up petition

Shriram Transport Finance drops as RBI bans further purchases by FIIs

 Everest Industries dips on disappointing Q2 results

 Syngene International gains post Q2 results

Mphasis touches 15-month high post Q2 results

 Sugar stocks hit 52-week high; Dwarikesh Sugar zooms over 100% in October

 Federal Bank hits 52-week low on weak Q2 results

 IRB Infra Q2 net at Rs 149 cr

JSW Steel avoids loss, reports Q2 net profit at Rs 116.9 crore

 Bajaj Auto Q2 net rises 58%, beats estimates

Power Grid wins Rs 7000-cr transmission project

 Indian Angel invests in health food start-up Jiyo Natural

 Facebook awards $1.2 million to local start-ups for Innovation Challenge

American Swan plans to hit Rs 300 crore GMV in six months

 Wipro Q2 net up 2% at Rs 2,235 cr q-o-q

 Mphasis beats forecast with 15% rise in profit

 Idea Cellular Q2 net profit misses estimates at Rs 809 cr

The dark side of tech development in Singapore

 Tyre exports back in black in April-May 2015

 Ad-commerce startup Adrobe set to go live from Dussehra

 Air Costa expects pan-India permit by mid-November

 Bajaj Auto Q2 net up 58% at Rs 933 cr

 Honda says to put commercialised self-driving car on the road by 2020

 GM launches Chevy Trailblazer at Rs 26.4 lakh

 Japan's KLab Ventures to launch new VC arm

 HDFC Bank Q2 net up 20% at Rs 2,869 crore, meets estimates

 Reliance MF buys Goldman Sachs AMC for Rs 243 cr

Bajaj Auto Q2 net rises 58% at Rs 933 crore

Google invests $65 million in China partner for Android Wear

 Indiabulls Housing Finance Q2 net up 24% at Rs 555 cr

 Reliance Capital to buy Goldman's Indian fund unit for Rs 243 crore

Fresher salaries peak as startups look for young talent: study

American Tower set to buy majority stake in Viom Networks

 Employee referrals, retention top priorities for companies in 2016: LinkedIn

 Mphasis Q2 net jumps 15% to Rs 185 crore

 Indiabulls Real Estate Q2 net soars two-fold to Rs 75 crore

 IndiGo must continue its dividend policy to command respect

Marico appoints Sanjay Mishra as COO, India sales and Bangladesh

Today's dip in nifty can be a buying oppurtunity around 8200..8220 SL 8180 on closing basis

Reliance MF

Reliance MF to get all onshore mutual fund schemes of Goldman Sachs in India, with AUM worth Rs 7,123 cr, including CPSE ETF.
Poitive for Rcap

Breaking

Aurobindo Pharma receives tentative approval for Tadalafil generic version of Cialis used to treat erectile dysfunction. 
Huge positive for the stock

Nifty companies detailing Jul-Sep earnings:

  + BAJAJ AUTO (net profit seen at 9.20 bln rupees, up 56% YoY)
  + CAIRN INDIA (consol net profit seen at 5.92 bln rupees, down 74% YoY)
  + HDFC BANK (net profit seen at 28.85 bln rupees, up 21% YoY)
  + IDEA CELLULAR (consol net profit seen at 8.1 bln rupees, up 7% YoY)
  + WIPRO (consol net profit seen at 22.6 bln rupees, up 4% QoQ)

STOCKS
======
* ACC: Has reported Jul-Sep net profit of 1.15 bln rupees, down 40.2% on year,
and net sales of 27.40 bln rupees, down 0.1% on year. (Cogencis)

* BAJAJ FINSERV: Reported a 40% year-on-year rise in Jul-Sep consolidated net
profit to 4.41 bln rupees and a 35% on year rise in consolidated total income
to 22.24 bln rupees. (Cogencis)

* BHARTI AIRTEL: Has completed the sale of 8,300 towers in seven African
countries for a total $1.7 bln, with the move aimed at reducing its debt.
(Cogencis)

* BHARTI INFRATEL: The Delhi High Court has issued a notice to the New Delhi
Municipal Corp on a plea by Indus Towers, a joint venture of the company,
IDEA CELLULAR and Vodafone India, to reinstate the contract awarded to it to
install street posts with Wi-Fi, LED lights and CCTV cameras in the areas
administered by it. (Cogencis)

* CADILA HEALTHCARE: Baring India Private Equity Fund III Listed Investments
sold 1.06% stake in the company at 435.5 rupees per share. (Cogencis)

* CONTAINER CORP OF INDIA: Reported Jul-Sep net profit of 2.33 bln rupees, up
21.4% on year and net sales of 15.02 bln rupees up 10.9% on year. (Cogencis)

* CORPORATION BANK: Has opened its foreign exchange hub in Bengaluru. (BL)

* DABUR INDIA: Baring India Private Equity Fund III Listed Investments sold
0.31% stake in the company at 271.5 rupees per share. (Cogencis)

* FEDERAL BANK: Reported a 32.9% on year fall in Jul-Sep net profit to 1.6 bln
rupees and a 0.9% year-on-year rise in total income to 20.8 bln rupees.
(Cogencis)

* FINANCIAL TECHNOLOGIES INDIA: Has entered in a pact to sell 1.58% stake in
Indian Energy Exchange to Madison India Opportunities III for 339.6 mln
rupees. (Cogencis)

* HAVELLS INDIA: Delhi High Court stayed Advertising Standards Council of
India's notice to the company asking it to withdraw its television commercial
with the tagline "wires that don't catch fire". (Cogencis)
    The company expects revenue of 5 bln rupees from Karnataka by 2016. (BL)

* HERO MOTOCORP: Reported Jul-Sep net profit of 7.72 bln rupees, up 1.14% on
year and net sales of 67.45 bln rupees, down 1.72% over the year-ago period.
(Cogencis)

* MPHASIS: Has reported Jul-Sep consolidated net profit of 1.85 bln rupees,
up 18.6% on quarter, and net sales of 15.57 bln rupees, up 4.1% on quarter.
(Cogencis)

* NESTLE INDIA: Maharashtra government has decided to challenge in the
Supreme Court the Bombay High Court order in August lifting a countrywide ban
on the company's Maggi noodles. (ET)

* OIL & NATURAL GAS CORP: Arm ONGC Videsh is targeting purchases of oil and
gas assets worth $10 bln-$12 bln in the next three years. (FE)

* PARSVNATH DEVELOPERS: Has cleared debt of 600 mln rupees to Essel Finance
and some other investors through redemption of non-convertible debentures.
(ET)

* RELIANCE COMMUNICATIONS: Is in initial talks with Aircel and Sistema Shyam
Teleservices for a three-way merger. (ET)

* RELIANCE INDUSTRIES: May take a write-down on its KG-D6 block and account for
the loss in its books by the end of the current financial year. (BS)

* SANOFI INDIA: Has reported Jul-Sep net profit of 725 mln rupees, up 16.9% on
Year, and net sales of 5.53 bln rupees up 13.4% on year. (Cogencis)

* SHIV-VANI OIL AND GAS EXPLORATION SERVICES: Lenders of the company would
soon convert a part of their 35-bln-rupee debt into equity under the
strategic debt restructuring scheme. (ET)

* SHRIRAM TRANSPORT FINANCE CO: The Reserve Bank of India said that foreign
institutional investors and foreign portfolios investors are not allowed to
purchase further shares of the company as their holding has crossed the
trigger limit of 24%. (Cogencis)

* SINTEX INDUSTRIES: Baring India Private Equity Fund III Listed Investments
sold 0.94% stake in the company at 104 rupees per share. (Cogencis)

* SREI INFRASTRUCTURE FINANCE: The company along with its investors is looking
at diluting or divesting its stake in independent tower company Viom Networks.
(Cogencis)

* SUZLON ENERGY: Has issued 65.2 mln shares on receiving a notice of conversion
from holders of 16,750 foreign currency convertible bonds with a nominal value
of $1,000 per bond. (Cogencis)

* TATA CONSULTANCY SERVICES: Has signed an agreement with Tableau Software to
provide business intelligence and analytics solutions to its customers.
(Cogencis)

* TATA MOTORS: Arm Jaguar Land Rover has said it will launch the updated
version of its sports utility vehicle Range Rover Evoque in India next month.
(BL)

* TATA STEEL: The company's long product division in Europe will shut down
production of steel plates, a move that will lead to loss of 1,200 jobs in
the company's units at Scunthorpe and Scotland in UK and some parts of
Europe. (Cogencis)

* VEDANTA: Standard & Poor's Ratings Services has cut the company's parent
Vedanta Resources' foreign currency long-term corporate credit rating to 'B+,
with a negative outlook. (Cogencis)
    Expects iron ore exports from Goa to be much higher than the permitted
mining capacity of 5.5 mln tn in the fiscal year to March, as it bids for ore
in government-run auctions. (ET)

* YES BANK: Will reduce its interest rates on savings accounts by 100 basis
points to 6.00% from Nov 1. (Cogencis) End

CLSA ON ACC : Maintains Buy, target of ₹1,900
CLSA ON ACC : In-line EBITDA but another miss at net earnings level
CLSA ON ACC : Cut CY15-17 EPS by 5-7% but believe worst over for the sector
CLSA ON ACC : Inferior cost base would ensure strong margin recovery ahead
CLSA ON ACC : Synergy gains from ACC-Ambuja-Lafarge integration is a potential upside

GS ON FEDERAL BANK : Maintains Buy, cuts target price by 4.9% to ₹78
GS ON FEDERAL BANK : Below expectations on muted topline due to NPLs and higher opex
GS ON FEDERAL BANK : Cuts FY16-18 earnings by 7-16% on lower loan growth and higher credit costs

CREDIT SUISSE ON ACC : Maintains Neutral, target of ₹1,500
CREDIT SUISSE ON ACC : Strong EBITDA beat with higher ASP and lower cost
CREDIT SUISSE ON ACC : ACC's volume growth weaker than industry and peers

CREDIT SUISSE ON L&T : Downgrades to Neutral from Outperform, target of ₹1,775 from ₹2,000
CREDIT SUISSE ON L&T : Inflow challenges can persist in of FY16, FY17 as well
CREDIT SUISSE ON L&T : Substantial slowdown in the Middle East and real estate market
CREDIT SUISSE ON L&T : Delay in pick-up of metals/hydrocarbons seen on low crude
CREDIT SUISSE ON L&T : Build in a 10% decline in inflows in FY16 vs flat assumption earlier

CS ON BAJAJ FINANCE : Maintains Neutral, raise target to ₹5,000 from ₹4,800
CS ON BAJAJ FINANCE : Strong growth continues, but valuations are rich
CS ON BAJAJ FINANCE : Company continues to take a relatively cautious approach on LAP
CS ON BAJAJ FINANCE : EPS for FY16-18 goes up by 4-5% to factor in stronger growth momentum

JPMORGAN: HERO MOTO : Maintains underweight, target of ₹2,345
JPMORGAN: HERO MOTO : EBITDA margin surprises while other income declines
JPMORGAN: HERO MOTO : Demand environment remains challenging due to the deficient monsoons
JPMORGAN: HERO MOTO : Hero is ceding market share to competition and scooters

MS ON HERO MOTO : Margins came in at 15.8% but expect them to trend down in H2
MS ON HERO MOTO : Expect that Q2 will be the best quarter of FY16 which is now behind us
MS ON HERO MOTO : See flat volume growth and a 14.6% EBITDA margin in FY16

BofA ML: FEDERAL BK : Maintains Underperform, cuts target to ₹54 from ₹60
BofA ML: FEDERAL BK : Remains weak operationally with disappointing asset quality
BofA ML: FEDERAL BK : Cut EPS estimates by 22% for FY16 and 18% for FY17
BofA ML: FEDERAL BK : Remain concerned with corporate and SME book

NOMURA ON DHFL : Maintains Buy, target of ₹263
NOMURA ON DHFL : Opex ratios started showing some improvement
NOMURA ON DHFL : Fee income improved but was negated by higher standard asset provisioning
NOMURA ON DHFL : Remains one of the cheapest HFCs operating

Biocon Q2

Net Exceptional Income At Rs 203 Cr
Cons EBITDA Margin At 26% Vs 24% (YoY)
Cons EBITDA +18% At Rs 222 Cr Vs Rs 188 Cr (YoY)
Cons Revenue +11% At Rs 861 Cr Vs Rs 750 Cr (YoY)
@CNBCTV18Live: Biocon Q2: Cons Net Profit At Rs 306 Cr Vs Rs 102 Cr (YoY)
@CNBCTV18Live: Biocon Q2: Cons EBITDA Margin At 26% Vs CNBC-TV18 Poll Of 21.81%
@CNBCTV18Live: Biocon Q2: Cons Net Profit At Rs 306 Cr Vs CNBC-TV18 Poll Of Rs 108 Cr

MARKET UPDATES

INDIAN MARKETS:
SENSEX:27306.83(-58.09)
NIFTY:8261.65(-13.4)
BANK NIFTY:17830.25(-24.8)
SGXNIFTY:8256.5(-15.5)

EUROPEAN MARKETS:
FTSE:6334.77(-17.56)
CAC:4669.86(-34.21)
DAX:10139.9(-24.41)

ASIAN MARKETS:
NIKKIE:18207.15(+75.92)
STRAITS:3019.03(-5.47)
HANGSANG:22989.22(-86.39)
SHANGHAI:3424.33(+37.63)

US FUTURES ON NSE:
DOW:17057.5(-27.5)
S&P500:2021(-3)

GAINERS:
tatapwr:+2.09%
bosch:+2.04%
pwrgrd:+1.57%
tcs:+1.53%
infy:+1.26%

LOSERS:
ved:-6.38%
cairn:-3.88%
tatastl:-3.06%
hindalco:-2.65%
adaniprt:-2.47%

CURRENCY:
USDINR OCT:65.1300(+0.38%)
USDINR NOV:65.4825(+0.38%)
USDINR DEC:65.8225(+0.28%)

 Markets snap 3-day winning streak, Nifty holds 8,250; Midcaps outshine

 Markets extend losses, Nifty below 8,250; metals drag

Adani Transmission soars over 15% post Q2 results

 Bajaj Finance surges on robust Q2 earnings

 BASF India hits 52-week low as Q2 loss widens

 Ramco Systems gains on launch of HR solution for US market

 Jubilant Life up on USFDA nod for Rizatriptan Benzoate OD tablets

 Oriental Bank gains on plans to raise Tier II Capital

 Kajaria Ceramics touches lifetime high ahead of Q2 results

 Govt to buy more cotton from farmers as China trims imports

 Motilal Oswal Financial Services rallies on strong Q2 results

 Safeguard duty fails to stem steel imports as intl prices fall further

 Deep Industries hits 52-week high after Swiss Finance buys stake

 Gati dips on disappointing Q2 results

 Telecom major Airtel sells 8,300 mobile towers in Africa for $1.7 billion

 JLR to launch updated 'Range Rover Evoque' in India next month

Welspun India posts 33% jump in Q2 PAT

Domestic vendor Intex eyes Rs 1,200 crore revenue from 4G smartphones

 Tata Steel says may cut about 1,200 UK jobs in restructuring

 Hyperlocal delivery startup Opinio raises $7 mn from Delhivery, Accel and Sands Capital

Swedish firm Recipharm acquires Nitin Lifesciences for Rs 671 crore

 Audi launches S5 Sportback at Rs 62.95 lakh

Kajaria Ceramics Q1 net up 47.8% at Rs 58.7 crore

 With its new smart TV, Xiaomi is redefining what 'TV' means

 Vedanta to export over 5.5 mn tonne iron ore from Goa this year

 ONGC targets $10-$12 bn foreign oil and gas investments

Jyothy Lab Q2 net up 54% at over Rs 38 crore

Jubilant Life Sciences gets USFDA nod for generic version of Maxalt-MLT

Subhiksha founder gets bail from Madras HC

 Facebook to warn users of state-sponsored targeted attacks

 Volvo inks LOI to sell external IT business to HCL Tech

 Coal India stake sale: Foreign bankers wary, deadline extended

RIL's refinery margins will continue to improve: Moody's

Qualcomm, Norwest Venture invest $10 million in health-tech startup Attune

 Start-up Capital conferences planned for Delhi and Bengaluru

Call of 16/10/15

@ 10:09

Sell Tatasteel 254 SL 265 positional
Intraday SL 260 
Trgt 250/248/244

ALL TRGT HIT

Call of 16/10/15

@ 09:52

Buy Tatamotors around 382 SL 379 trgt 393/400

FIRST TRGT HIT

                                                                              

SKS Micro Q2 profit 78 cr vs Exp 65 cr

Loan Disbursement up 57% YoY

SKS Micro ups profit guidance to 290 cr from 235 cr 

MAT credit of 23 cr not taken in result

Cash on books at 834 cr as on Sept 30

Hind Zinc

•Strong beat than estimates – The company reported 14% higher EBITDA/PAT compared to estimates driven by higher volume. 
•Numbers improved due to reversal of mining royalty – The company had provisioned for 50% of District Mineral Fund in last quarter, which government has pegged to 30%. The company reversed these additional charges in 2Q. 
•Costs movement was also advantageous – Strong improvement was seen in Power & fuel and stores & spares movement, which also helped in profit beat. 
•Cash increased – Cash balance increased by Rs3,800cr in 1H to Rs34,600cr (52% of market cap)p