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1. 10/19/2018 Daily Report
When money matters

2. Nifty 50 Index
Sensex Index
Bank Nifty Index
Bears dominated over bulls:
Reversal seen after
yesterday’s bullish session.
Bears totally took control and
The Sensex shut the shop at
34779.58 down 382.90
points (1.09%), while the
Nifty ended lower by 131.80
points (1.25%) at 10453.00.
The market breadth was
negative as 705 shares
advanced, against a decline
of 1,884 shares, while 942
shares were unchanged.
Non-banking financial
companies (NBFCs),
particularly housing finance
companies, saw a big fall,
which spilled over to other
financial names as well.
As a result, sectoral indices
such as PSU banks as well as
Bank Nifty ended 1.5-3 %
lower. A sell-off in the
midcaps segment also added
to the weak sentiment.
HCLTECH, WIPRO, COALINDIA
and INFY were top gainers
among Nifty 50 stocks.
IBULHSGFIN, BAJAJ FINANCE,
YESBANK were the top losers.
Indian Indices will be closed
on 18 Oct on the occasion of
Dussehra.
On Friday Indian Indices will
likely to open on flat to
bearish note. High volatility
will be expected in the
opening as an impact of
Reliance Q2 result. Keep your
eyes on IT and Pharma
sector.
Market
Commentary
10/19/2018

3. KRBL LIMITED
KRBL LIMITED has corrected from the peak of Rs 404 and now it shows signs
of bottoming out around Rs 307-311 levels. Formation of the double bottom
on the daily chart is showing positive moves on the upside. Long bullish
candle after the formation of doji on the weekly chart shows the possibility
of a bounce-back further on the upside.
With decent volume participation witnessed, The RSI
and Stochastic have given positive crossover with their respective averages
on the daily chart. The stock can be bought at current levels 345-350 with a
stop loss below Rs 331 for a target of Rs 360 -375.
Upcoming results
Results
18/10/18
Alpha Hi-Tech Fuel Ltd. Anant Raj Ltd. MphasiS Ltd. India Grid
Trust, Muthoot Capital Services Ltd. Poddar Pigments Ltd.
Results
19/10/18
Bhansali Engineering Polymers Ltd, Bombay Wire Ropes Ltd,
ICICI Securities Ltd , Rishi Techtex Ltd, Sadhana Nitro Chem Ltd,
SBI Life Insurance Company Ltd, UltraTech Cement Ltd ,VTM
Ltd.
Stock to Watch for Friday

4.  Maruti Suzuki India stock declined over 3 percent intraday Wednesday after
global brokerage firm HSBC slashed target price by 10 percent on likely
margin pressure risk.HSBC said changing consumer patterns and slow income
growth had an impact on new car demand. Major car markets are already
showing signs of stagnation, the country's largest car maker had reported a
year-on-year fall of 0.5 percent in its sales for September to 1.62 lakh units as
subdued demand in the domestic market and weak exports impacted
volumes. Higher fuel cost, product price hikes, increasing interest rates and
the on-going shraadh period (considered inauspicious for new purchases
among Hindus) hit the company's retail and wholesale sales.
 Software Company NIIT Technologies has reported a healthy sequential
growth of 30.3 percent in its consolidated profit to Rs 111.8 crore, driven by
strong operational performance. Consolidated revenue during the quarter
grew by 10 percent to Rs 907.4 crore QoQ with fresh order inflow expanding
to $160 million. Digital business, which grew by 11.6 percent sequentially,
contributed 28 percent to total revenue; Consolidated EBITDA increased 25.1
percent quarter-on-quarters to Rs 164 crore and margin expanded by 230
basis points to 18.1 percent in Q2FY19.
 Lakshmi Machine Works ahead of board meeting to consider the proposal for
share buyback next week. The textile machinery manufacturer said the
meeting of the board of directors of the company is scheduled on October 22
to consider and approve the proposal for buyback of the equity shares of the
company. Hence, the trading window for trading in the securities of the
company, for applicable persons, will remain closed from October 3 to 24,
both days inclusive.
 State-controlled NMDC stock fell nearly 3 percent Wednesday after the sharp
fall in production and sales for financial year 2018-19.The state-owned
mineral producer said iron ore production for first half of financial year 2018-
19 stood at 12.21 million tonne. This was far lower compared to 15.65 million
tonne production in same period last year. Even its sales plunged sharply by
81 percent to 13.40 million tonne in first two quarters of FY19, against 70.61
million tonne sales reported in corresponding period last fiscal.
News Highlights:

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6. DAILY REPORT
When money matters
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