Sensex, Nifty, Midcap Hold Morning Gains; Tata Motors Falls

Equity benchmarks as well as broader markets maintained morning gains, driven by banking & financials, FMCG and pharma stocks after Q3 GDP data surprised street. 

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The 30-share BSE Sensex gained 194.54 points at 28937.86 and the 50share NSE Nifty rose 51.75 points to 8931.35 while the Nifty Midcap and Smallcap indices were up around 0.6 percent. About 1593 shares advanced against 936 declining shares on the BSE.

India's real gross domestic product (GDP) beat consensus estimates, growing 7 percent YoY in Q3FY17 as private consumption grew at the fastest pace in 17 quarters. Tata Motors fell over a percent ahead of February sales data due later today. Maruti Suzuki was up 0.2 percent after sales in the month gone by grew 11 percent while Eicher Motors fell 0.6 percent as Royal Enfield sales missed analysts' expectations, growing 19 percent year-on-year. 

Index heavyweights HDFC, Infosys, ITC and ICICI Bank continued to support the market, up 1-2 percent. Gold fell today as the dollar strengthened on hawkish comments overnight from US Federal Reserve officials, while an eagerly awaited speech by US President Donald Trump contained few specifics or surprises.

Stock Market Tips - Top 5 Stocks in Focus Today

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Sensex, Nifty may stay flat; Idea, Tata Steel in focus

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Tata Steel: Tata Steel UK has signed a letter of intent with Liberty House to sell its UK speciality steel business, the company said in a statement on Monday. The deal, which also covers several South-Yorkshire based assets, is being pegged at an enterprise value of £100 million.

Sun Pharma: Sun Pharma launched BromSite solution, marked for treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery, in the US market.

Oil India: The company has posted a net profit of Rs 580 crore for the quarter ended September 30, 2016 as compared to Rs 706 crore for the quarter ended September 30, 2015.

Mahanagar Gas: Mahanagar Gas registered a net profit of Rs 102.24 crore, up 41%, against Rs 72.57 crore in the corresponding quarter last year.

JSW Steel: JSW Steel has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant, as per media report.

सीमित दायरे में मार्केट, मिड कैप स्टॉक्स में बढ़त

हफ्ते के आखिरी कारोबारी दिन भी स्टॉक मार्केट में सुस्ती जारी है। किसी बड़े ट्रिगर के न होने से मार्केट सीमित दायरे में कारोबार कर रहा है। सेंसेक्स फिलहाल 35 अंक बढ़कर 26262 के स्तर पर कारोबार कर रहा है। वहीं, निफ्टी 17 अंक बढ़ कर 8096 के स्तर पर कारोबार कर रहा है। वहीं, निफ्टी 17 अंक बढ़ कर 8096 के स्तर पर कारोबार कर रहा है। एनएसई पर फार्मा, एनर्जी और सरकारी बैंकों के इंडेक्स में बढ़त देखने को मिल रही है। वहीं एफएमसीजी और मेटल सेक्टर में गिरावट है

स्टॉक्स फटाफटः कम समय में झटपट सलाह

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मिडकैप स्टॉक्स में बढ़त 
शुक्रवार के कारोबार में मिड कैप स्टॉक्स में सबसे तेज बढ़त देखने को मिली है। फिलहाल मिडकैप सेक्टर इंडेक्स 0.67 फीसदी की बढ़त के साथ कारोबार कर रहा है। फिलहाल मिडकैप सेक्टर इंडेक्स 0.67 फीसदी की बढ़त के साथ कारोबार कर रहा है। वहीं स्मॉलकैप इंडेक्स पिछले स्तर के करीब ही बना हुआ है। इंडियन बैंक और पेट्रोनेट एलएनजी करीब 6 फीसदी बढ़त के साथ कारोबार कर रहे हैं।  
बड़े बैंकों के स्टॉक में गिरावट 
मार्केट की शुरुआत में बड़े बैंकों के स्टॉक्स में गिरावट दर्ज की गई है। एचडीएफसी बैंक में 0.42 फीसदी की गिरावट देखी जा रही है। जबकि पीएनबी में 0.44 फीसदी और आईसीआईसीआई बैंक 0.35 फीसदी की गिरावट देखी जा रही है। वहीं कोटक महिंद्रा बैंक में 0.48 फीसदी और एक्सिस बैंक में 0.18 फीसदी की तेजी दर्ज की जा रही है।  
इन स्टॉक्स में सबसे ज्यादा तेजी 
बीएसई पर सबसे ज्यादा गिरने वाले शेयरों में पीसी ज्वैलर्स(5.48 फीसदी), एसआरएफ(5.26 फीसदी), सन टीवी (3.03 फीसदी), चोला फाइनेंस (5.05 फीसदी) की गिरावट दर्ज की जा रही है।  
सबसे ज्यादा गिरने वाले स्टॉक्स 
बीएसई पर सबसे ज्यादा गिरने वाले शेयरों में पीसी ज्वैलर्स(5.48 फीसदी), एसआरएफ(5.26 फीसदी), सन टीवी (3.03 फीसदी), चोला फाइनेंस (5.05 फीसदी) की गिरावट दर्ज की जा रही है।  
अमेरिकी मार्केट में तेजी 
गुरुवार के कारोबारी सत्र में अमेरिकी मार्केट तेजी के साथ बंद हुए। डाओ जोंस 35.68 अंक यानी 0.19 फीसदी बढ़कर 18903.82 पर, एसएंडपी-500 इंडेक्स 10.18 अंक यानी 0.47 फीसदी बढ़कर 2187.12 पर और नैस्डेक 39.39 अंक यानी 0.74 फीसदी की मजबूती के साथ 5333.97 पर बंद हुआ।

Top 16 Stocks in Focus Today: Biocon, Tata Communications

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Cipla: The pharma company will announce its Q2 numbers today. 

Biocon: Biocon and its partner Mylan Inc announced submission of Mylan's biologics licence application to USFDA for a proposed biosimilar to branded trastuzumab for treatment of certain breast and gastric cancers. 

Tata Communications: The company on Tuesday reported a dip of 64% in its consolidated net profit at Rs 40 crore for the September quarter, mainly due to impairment charges on its investment in South Africa-based firm Neotel. The company had posted a net profit of Rs 112.3 crore in the same period a year ago.

IndiGo: InterGlobe Aviation registered a 24% rise in net profit at Rs 139.9 crore in the quarter ended September 2016.It had reported a net profit of Rs 113.13 crore in the corresponding quarter last year.

Lupin: The pharma company will announce its Q2 numbers today.

Larsen & Toubro: Larsen & Toubro announced that it has forged a long-term technical licence agreement with Chiyoda Corporation for its flue gas desulphurisation (FGD) technology.

Va Tech Wabag: The company posted a net profit of Rs 28.4 crore for the quarter ended September 30, 2016 as compared to Rs 24.12 crore for the quarter ended September 30, 2015.

Bosch: The company will announce its Q2 numbers today.

Repco Home Finance: The company earned a net profit of Rs 45.7 crore for the quarter ended September 2016 as against Rs 39 crore earned during the same period last year, registering a growth of 17%.

Nagarjuna Oil Refinery: The board of directors of the company considered and approved sale of 77.6 crore equity share of Rs 10 each held by the company in Nagarjuna Oil Corporation.

Mangalore Refinery and Petrochemicals: The company reported a net profit of Rs 415.9 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 913.4 crore in the corresponding quarter last year.

PTC India Financial Services: PFS reported a decline of 59% in standalone net profit at Rs 84.9 crore for the July-September quarter of the fiscal. Company's profit in corresponding July-September quarter was at Rs 211.4 crore.

Adani Enterprises Ltd: Adani Enterprises will make unmanned aerial vehicles (UAVs), also known as drones, in joint venture with Israeli firm Elbit Systems.

Bharat Forge Q2 FY17 net profit falls 26%

Bharat Forge Ltd has announced the following Unaudited Standalone results for the quarter ended September 30, 2016

Ashok Leyland Q2 FY17 PAT rises 71% YoY

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The company has posted a net profit after tax of Rs 127 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.  

Total income has decreased from Rs 1,199 crore for the quarter ended September 30, 2015 to Rs 966.8 crore for the quarter ended September 30, 2016.  

Stock Commentary:  

Bharat Forge Ltd is currently trading at Rs 854.9, down by Rs 3.35 or 0.39% from its previous closing of Rs 858.25 on the BSE.  

The scrip opened at Rs 869.95 and has touched a high and low of Rs 869.95 and Rs 842.2 respectively. So far 1399395 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 19980.06 crore.  

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 979.35 on 10-Oct-2016 and a 52 week low of Rs 686.8 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 893 and Rs 820.1 respectively.  

The promoters holding in the company stood at 46.74 % while Institutions and Non-Institutions held 33.61 % and 19.64 % respectively.

The stock is currently trading below its 50 DMA.

Greaves Cotton Q2 FY17 at Rs 51 crore

Greaves Cotton Limited, one of India’s leading engineering companies, has, despite tough market conditions, reported revenues of Rs 489 crore for the quarter ended September 30, 2016 as against Rs 473 crore for the quarter ended September 30, 2015. 

EBITDA for the quarter ended September 30, 2016 is Rs 70 crore as against Rs 76 crore for the same period last year, recording a EBITDA margin of 14.3% during the current quarter.  

8K Miles Q2 FY17 Revenue up 18% qoq

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The Profit After Tax (PAT) for the quarter ended September 30, 2016 is Rs 51 crore as against Rs 55 crore for the corresponding period last year. During the quarter, the company had taken a few initiatives that would help it prepare for the future which resulted in higher Operating Expenses and a consequent reduction in profits. The financial results of the company have been prepared in accordance with IndAS that came into effect from April 1, 2016.  

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Commenting on the results, Mr. Nagesh Basavanhalli, MD & CEO said “Despite a challenging market environment, the company with its sustained focus on various lines of business has recorded QOQ revenue growth of 9.88% in the quarter ended September 30, 2016 over Q1 FY 2017 and a 3.3% growth over the corresponding period last year. This has been possible due to strategic initiatives on launching new range of solutions, enhancing service quality and entering new geographies. Contributing to the higher revenue is robust growth in the Farm Equipment Business and the Auxiliary Power business.”  

Commenting on the company’s profitability, Mr. Basavanhalli said, “We continue our value engineering efforts that have delivered a healthy EBIDTA margin of 14.3% - a bump up from the 13.6% of Q1 FY2107. Our efforts on cost controls are sustainable & will continue to improve.”

Buzzing Stocks: MOIL, Bharti Infratel gain

Buzzing Stocks: MOIL, Bharti Infratel gain, Tata Motors, Maithan Alloys tank

Current Market Live Updates

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Mahindra & Mahindra Ltd climbed 3% on the BSE after the automaker’s sales grew 1% which included a 28% jump in exports for the month of October. 

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Bharti Infratel Ltd is currently trading at Rs 369.9, up by Rs 14.7 or 4.14% from its previous closing of Rs 355.2 on the BSE.

DCB Bank slipped 1% after huge block deal.Around 1.23 million shares of the bank has changed hands in a two block deal.

Bajaj Auto is trading lower after the company said that its domestic motorcycle sales rose 5% in the month of October 2016, at 212,997 units as against 202,042 units in the same month of last year.

Escorts is trading marginally lower on BSE after the company reported strong tractor sales in October 2016 over October 2015. Domestic tractor sales rose 52% to 8,859 units in October 2016 over October 2015. Export rose 270% to 111 units in October 2016 over October 2015.

Lupin is trading lower on the BSE. The pharma company said that it has received final approval from the USFDA to market norgestimate and ethinyl estradiol tablets marked for use by females of reproductive potential to prevent pregnancy.

Tata Motors fell 2.6%. The company sold 16,311 units of passenger vehicles in October, up 28% from the year ago. Jaguar Land Rover, a wholly owned subsidiary of Tata Motors, reported 7% year-on-year rise in US October sales figures.

60-Minute 'Muhurat Trading' on NSE this Diwali

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Leading bourses BSE and NSE will conduct special 'Muhurat' trading session on Diwali on 30 October. The 'Muhurat' trading, which is conducted on the auspicious occasion of Diwali, would be held between 1830 hrs and 1930 hrs, the stock exchanges said in separate circulars.  

Highlights: 

Muhurat Trading Session on Account of Diwali Laxmi Pujan for Equity Segment on Sunday, 3 October: 

• Pre-Open Session: 6:15 PM -6.30 PM 
• Continuous Trading : 6.30 PM - 7.30 PM 
• Post Closing: 7.40 PM - 7.50 PM

BSE would conduct the special session in equity derivatives, currency derivatives, equity and SLB segment while NSE would conduct the same in currency derivatives, futures and options and capital market segment. 

"... a special live trading session shall be held on Sunday, 30 October, 2016 on account of Muhurat trading on Diwali," NSE said.

Stock Market Important Updates for Today

Average industry growth for FY17 to be around 10-11%: RBL Bank 

The industry's average growth is likely to hover around 10-11 percent due to factors like normalisation of financial markets, stronger India position and rate cuts introduced by the Reserve bank of India, said Rajeev Ahuja, Head Strategy, Retail And Financial Inclusion at RBL Bank.

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Tata Coffee's board meeting on October 19, 2016 
Tata Coffee Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 19, 2016 to consider the Financial Results of the Company for the quarter ended September 30, 2016.

Cosboard Industries: Outcome of AGM 
Cosboard Industries Ltd has informed BSE that the 36th Annual General Meeting (AGM) of the Company was held on September 28, 2016.

Effingo Textile: Outcome of AGM
Effingo Textile & Trading Ltd has informed BSE that the 31st Annual General Meeting (AGM) of the Company was held on September 30, 2016.

Live Stock Market Updates - Sensex, Nifty choppy

At 1:11 PM, the S&P BSE Sensex is trading at 28,306 up 85 points,while NSE Nifty is trading at 8,773 up 29 points. The BSE Mid-cap Index is trading up 0.51% at 13,687 whereas BSE Small-cap Index is trading up 0.58% at 13,36  

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GAIL, RIL, ONGC, RIL, HUL, Tata Steel and HDFC are among the gainers, whereas Axis Bank, Infosys, ICICI Bank, M&M, Cipla and Dr.Reddy's are losing sheen on BSE.

Some buying activity is seen in oil & gas, metal, energy, utilities, telecom and power sectors, while IT and teck are showing weakness on BSE. The INDIA VIX is down 2.90% at 14.9000. Out of 1,872 stocks traded on the NSE, 544 declined, 1,049 advanced and 279 remained unchanged today.  

A total of 134 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. The rupee opened lower four paise at 66.56/$ against US Dollar Thursday as against the previous close of 66.50/$. Asian markets are showing a mixed trend on Thursday. Hang Seng and Nikkei 225 are trading in green. Mainland Chinese markets remained closed for the National Day holiday.  

Wall Street closed higher on Wednesday. The Dow Jones industrial average rose 112.58 points, or 0.62%, to 18,281.03, the S&P 500 gained 9.24 points, or 0.43%, to 2,159.73 and the Nasdaq Composite added 26.36 points, or 0.5%, to 5,316.02. Oil prices hit US$ 50, bond yields hit 1.7% highest in last 6 months & US$ hit 96.17 new 3 month highs as probability of Fed rate hike in US grew to 72%.This in turn saw commodities rise with emerging market indices also rising in tandem & the Brazilian 'Ibovespa" hitting new 52 week highs.

Expect Nifty to Open Gap Down at 8953

Dynamic Levels' Market Outlook:  

Nifty to open a tad lower, ECB's Mario Draghi disappoints markets  

Indian Market Outlook: 

India's benchmark Nifty is expected to open gap down despite strong closing yesterday at 8975. ECB  President Mario Draghi has failed to match the expectations of the market, however the overall trend of the market is a buy, but marginal correction on the downside can set in. Nifty's support lies is at 8850 thus markets can retest to those levels. Yes Bank had to defer its QIP yesterday as the stock was down by over 5 percent and went below the QIP price. Nifty was supported yesterday by PSU banks and Auto shares, while IT and private sectors banks were a drag.

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Nifty Small Cap Index traded at all time high with good overall participation. FIIs have been buyers yesterday and over the past few months, highlighting India's strong fundamental story.  

Nifty Futures is expected to open at 8953 as per SGX Nifty at 8:50 am IST, which is below its previous close of 8976.