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1. 10/30/2018 Daily Report
When money matters

2. Nifty 50 Index
Bank Nifty Index
BULLS HOVERED OVER
BEARS
An extremely strong day for
traders, with the Sensex
jumped over 700 points,
while the Nifty ended above
10,250-mark. The Sensex
closed up 718.09 points
(2.15%) at 34067.40, while
the Nifty ended higher by
220.90 points (2.20%) at
10250.90.
The market breadth was
positive as 1,814 shares
advanced, against a decline
of 769 shares, while 1,046
shares were unchanged.
Reliance Industries, ITC,
Infosys, and TCS Index
heavyweights rallied and
boost up bullish sentiments.
Intense buying among PSU
banks, automobiles, infra, IT,
metals, and pharmaceuticals
boosted the indices. The
Nifty Midcap index rose 3
percent.
IBULHSGFIN, ICICIBANK,
SBIN, ADANIPORTS,
DRREDDY were the top
gainers. Whereas
INDUSINDBK, EICHERMOT,
KOTAKBANK, HDFCBANK
were top losers among Nifty
50 stocks.
On Tuesday Indian Indices
will likely to open on a flat to
bullish note after a strong
bullish day. Market may take
a rest. Keep your eyes on
Banking and IT sector.
Market
Commentary
10/30/2018

3. BAJAJ FINANCE LIMITED
BAJAJ FINANCE LIMITED future has continued to be under stiff selling
pressure because of negative news in the sector over the last three months
and has slipped below its long-term crucial level of 200-days EMA on daily
chart. BAJAJ FINANCE LIMITED currently holds a strong support at Rs 2170
from the past four days consecutively closed above this level indicating
bounce back from the lower support level.
Technical Indicators MACD, RSI are also
conforming bullish trend in upcoming days. It is recommended to buy BAJAJ
FINANCE FUTURE in range of 2405-2406 and may expect a target of around
2450-2475 levels in upcoming one-two days with the strict stop loss of 2358.
Results
30/10/18
Navin Fluorine International Limited, Torrent Power Ltd, Tech
Mahindra Ltd, Tata Global Beverages Ltd, Symphony Ltd, Redington
India Ltd, Prestige Estates Projects Ltd, Pidilite Industries Ltd, IDFC
Ltd, Emami Ltd, Bank of Baroda, Cholamandalam Investment &
Finance Company Ltd, 3M India Ltd, Container Corporation Of India
Ltd, Dalmia Bharat Limited,
IRB Infrastructure Developers Limited
Stock to Watch for Tuesday

4.  The two oldest FMCG conglomerates in India, Hindustan Unilever Ltd
(HUL) and ITC have reported September quarter results. While HUL's
profit beat street expectations, ITC's was in line with average estimates.
For HUL, the home care, personal care, and food items-diversified
FMCG, analysts estimated 8.5 percent volume growth and 10 percent
overall sales growth for the September quarter. HUL beat this estimates
reporting 10 percent volume growth and overall sales growth of 11.5
percent year-on-year. HUL's net profit also beat estimate with 19.5
percent growth.
 Tech Mahindra and Japanese telecom firm Rakuten Mobile Network on
Monday said they have entered into an agreement to set up 5G and 4G
network labs in Tokyo and Bengaluru."With this collaboration, Rakuten
and Tech Mahindra aim to build a world-class 5G ready network lab
which will be one of its kind in the industry," a joint statement by both
the companies said.
Rakuten is close to launching fourth mobile network in Japan after NTT
Docomo, KDDI and Softbank Group with investment of over USD 5
billion.Tech Mahindra will also provide network integration capabilities
under the collaboration.
 Tata Sponge, a Tata group company and the subsidiary of Tata Steel, is
currently operating at over 110 percent capacity utilisation even though
the company has cash and cash equivalent of close to Rs 670 crore, or
about 68 percent of its net worth, to set up a new facility.
The company did plan to deploy this cash and last year expressed an intent
for a forward integration by way of making steel. But the market did not
take it enthusiastically as it came in a little late considering at least 3-4
years are needed to commission such plans, particularly during volatile
commodity cycles. While it partly missed capitalizing on the up cycle in the
steel industry, the move now to acquire Usha Martin’s value-added long
products steel business could prove to be shot in the arm.
News Highlights:

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6. DAILY REPORT
When money matters
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