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

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

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.

Top 5 Stocks in Focus Today: Tata Motors, Hindalco

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•  Hindalco Industries: The company has posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.
• Tata Motors: The company has posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.
• Tata Steel: The company has posted a net loss of Rs 49.5 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore for the quarter ended September 30, 2015.
• Reliance Infrastructure: The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 571 crore for the quarter ended September 30, 2016 as compared to Rs 426.3 crore for the quarter ended September 30, 2015.
• Bank of Baroda: Bank of Baroda posted four-fold rise in net profit at Rs 552 crore for the quarter ended on September 30, 2016, despite increase in bad loans. It had reported a net profit of Rs 124 crore during the same period last fiscal.

Top 5 stocks in focus today: Sun Pharma, Tata Chemicals

Top 5 stocks in focus today: Sun Pharma, Tata Chemicals

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Check out the companies which will be in focus during trade today based on recent and latest news developments.

• Sun Pharma: Sun Pharma reported an over two-fold jump in its consolidated net profit to Rs 2,235 crore for the September quarter. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of associates and joint ventures of Rs 1,028.8 crore for the same period a year ago.
• Tata Chemicals: The company reported a marginal increase in its consolidated net profit at Rs 293 crore for the second quarter of the 2016-17 fiscal, on lower fertiliser sales. Tata Chemicals had posted a net profit of Rs 293 crore in the same quarter of the 2015-16 fiscal.
• Bank of Baroda: The bank will announce its Q2 numbers today.
• L&T Technology Services: L&T Technology Services posted 20% increase in its consolidated net profit at Rs 112 crore during the second quarter ended September 30, 2016. The company registered a net profit of Rs 93.5 crore in the same period a year ago.
• BPCL: The company will announce its Q2 numbers today.

Top 15 stocks in focus today: Sun Pharma, Lupin, JK Tyre

Top 15 stocks in focus today: Sun Pharma, Lupin, JK Tyre

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Check out the companies which will be in focus during trade today based on recent and latest news developments.  

• Sun Pharma: The pharma company will announce its Q2 numbers today.  
• Bosch: The company reported a net profit of Rs 704 crore for the second quarter ended September 30, 2016. It had posted a net profit of Rs 393 crore in the same quarter last fiscal.  
• SAIL: SAIL said it has signed a memorandum of understanding (MoU) with South Korean giant Posco for technical collaboration for operational improvements.  
• Lupin: Lupin reported its profit surged 58% from a year ago on strong sales growth in the US, the drugmaker’s biggest market. Net profit at India’s third largest drugmaker rose to Rs 662 crore for the quarter.  
• Tata Chemicals: Tata Chemicals will announce its Q2 numbers today. 
• JK Tyre: The company registered a consolidated net profit of Rs 110 crore for the second quarter ended September 30, 2016 on account of growth in sales of passenger radials and agri tyres. It had posted a net profit of Rs 115.8 crore in the same quarter last fiscal.  
• Tata Steel: The company might be planning to close down the deficit-hit pension fund at the heart of its UK steel crisis 
• Bank of India: The bank will announce its Q2 numbers today.  
• Apollo Tyres: Apollo Tyres reported a decline of 7% in consolidated net profit at Rs 260.03 crore for the quarter ended September.  
• Balrampur Chini Mills: The company said that the board will consider a proposal for buy back of equity shares of the company on November 15. Shares of the company closed 1.18 per cent up at Rs 115.65.  
• Narayana Hrudayalaya: Narayana Hrudayalaya announced that its board has approved cessation of operation at its unit at Berhampore, West Bengal by selling its entire shareholding in its wholly owned subsidiary, Asia Healthcare Development Ltd, to Lila Hospitals Private Ltd. 
• L&T Infotech: L&T Infotech posted 11% rise in consolidated net profit at Rs 232.6 crore for the second quarter ended September 30, 2016. The company registered net profit of Rs 209.1 crore in the same period a year ago.  
• UCO Bank: The bank reported a net loss of Rs 384.8 crore for the quarter ended September 30, 2016 against a net profit of Rs 156 crore in the same quarter last year.  
• Snowman Logistics: Snowman Logistics its revenue for the quarter declined 15% yoy to Rs 47 cr as revenue from temperature controlled services declined by 10.7%.

Today's Stock Cash Market News

ICICI Bank, SBI, Tata Motors, BHEL and Tata Steel are losers while Dr Reddy's Labs and HDFC Bank are gainers in the Sensex.  For more information visit www.capitalheight.com/about.php

           Dragged by global cues the market has opened with severe cuts. The Nifty is down below 8100. The 50-share index is down 72.75 points or 0.9 percent at 8097.30 while the Sensex is down 246.12 points or 0.9 percent at 26389.63.
          The Indian rupee opened lower by 18 paise at 66.94 per dollar on Monday versus 66.76 Friday.
      Spot gold was nearly flat at USD 1,273.36 an ounce by 0105 GMT. Bullion touched a session best of USD 1,278.03, its highest since May 18.
       The Enforcement Directorate (ED) tweeted that it had "attached" properties worth Rs 14.11 billion (USD 210.78 million) in the case involving a loan from state-owned IDBI Bank to Kingfisher to buy properties abroad.
            IDBI Bank does not think restructuring of standard loans could be too negative for banks.
             VECV turned free cash flow positive with Rs 360 crore in FY16. VECV's EBITDA margins rose 80 basis points (bps) annually in FY16 but gross margins declined 100 bps.
            The contract has been awarded from Nepal Electricity Authority (a Government of Nepal Undertaking) vide letter of award for expansion of distribution network in the Western region of Nepal.
          The portfolio being acquired for USD 350 million is a mix of filed ANDAs pending approval and an approved ANDA, and comprised of complex generic products across diverse dosage forms.

Get Free Intraday Trading Tips; Sensex is down

The market has opened flat on Tuesday as the Sensex is down 15.74 points at 25673.12. The Nifty is down 2.80 points at 7863.25. About 396 shares have advanced, 261 shares declined, and 46 shares are unchanged.

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HUL is up 1 percent while Adani Ports, Dr Reddy's Labs, Tata Steel and Maruti are top gainers while Hindalco, Tata Motors, Bharti Airtel, NTPC and ONGC are losers in the Sensex.
        The Indian rupee opened lower by 8 paise at 66.66 per dollar on Tuesday versus previous close of 66.58.
         Asia markets traded mixed, with the Japanese benchmark index leading gains in early trade, ahead of Chinese inflation data due later on Tuesday.
         US stocks closed mixed in high-volume trade, with the Dow Jones industrial average was down 0.2 percent, the S&P 500 closed up 0.08 percent and the Nasdaq composite added 0.3 percent.