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2. Nifty 50 Index
Sensex Index
Bank Nifty Index
Bulls strongly controlled the
session:
Sensex climbed approx. 300
Points to End at 35,162, Nifty
Tops 10,580.
Indian Indices closed higher
note on Tuesday, amid
optimism on quarterly
earnings from heavyweights
and recovery in the rupee.
The Sensex advanced 297.38
points (0.85%) closed at
35,162.48. The NSE climbed
72.25 points (0.69%) settled
at 10,584.75.
Both indexes closed at
highest levels since October
4. All sectoral indices ended
in the green, with banks,
realty, auto, IT, pharma and
FMCG stocks leading the
charge.
M&M, ADANIPORTS, ONGC
and TECHM were top gainers
among Nifty 50 stocks.
IBULHSGFIN, EICHERMOT,
CIPLA, JSWSTEEL were the
top losers.
On Wednesday Indian Indices
will likely to open on flat to
bullish note. High volatility
will be expected as RELIANCE
will announce result on
Wednesday .Keep your eyes
on energy sector.
Market
Commentary
10/17/2018
3. JB CHEMICALS & PHARMACEUTICALS LIMITED
JB CHEMICALS & PHARMACEUTICALS LIMITED has corrected from the peak of
Rs 352 and now it shows signs of bottoming out around Rs 281-285 levels.
Formation of the consolidation on the daily chart is showing positive moves on
the upside. Short tram bullish candle after the formation of doji on the daily
chart shows the possibility of a bounce-back further on the upside. With
decent volume participation witnessed,
The Stochastic have given positive crossover with their
respective averages on the daily chart. Thus, the stock can be bought levels
290-300 with a stop loss below Rs 281 and a target of Rs 315-325.
Upcoming results
Results
17/10/18
Havells India Limited, Aditya Birla Money Limited, Cyient
Limited, Reliance Industries Limited, MphasiS Limited, ACC
LIMITED,NIIT Technologies Limited, MindTree Limited
Stock to Watch for Wednesday
4. Infosys Q2 profit jumps 14% QoQ to Rs 4,110 cr, maintains FY19 margin
guidance. India's second largest software services company Infosys reported
the second quarter results above analysts' estimates, helped by large deal
wins.
Infosys on October 15 reported 13.8 percent sequential growth in the second
quarter consolidated profit at Rs 4,110 crore, while consolidated revenue
grew by 7.7 percent to Rs 20,609 crore compared to Rs 19,128 crore in the
previous quarter.
The company has maintained its full-year constant currency revenue growth
guidance at 6-8 percent and EBIT margin at 22-24 percent.
Hero MotoCorp Q2 profit falls 3% to Rs 976 cr, volume growth lifts revenue
9% .The Company sold 21.34 lakh units in September quarter, a 5.5 percent
higher over 20.23 lakh units sold in a year-ago.
Two-wheeler major Hero MotoCorp's second quarter (July-September) profit
declined 3.4 percent year-on-year to Rs 976.28 crore, dented by weak
operational performance. However, revenue from operations grew by 8.6
percent on year to Rs 9,090.94 crore for the quarter ended September 2018,
driven by volume growth.The company sold 21.34 lakh units in September
quarter, a 5.5 percent higher over 20.23 lakh units sold in a year-ago.
Essar Steel auction: ArcelorMittal offers Rs 4,554 Cr to settle Uttam Galva, KSS
Petron dues; had earmarked Rs 7,000 Cr. ArcelorMittal, in a letter to lenders
of Essar Steel, has offered to pay Rs 4,554 crore to settle dues of Uttam Galva
Steels and KSS Petron. The offer comes after the Supreme Court, in its
October 4 order, had asked ArcelorMittal and Numetal to clear dues to
become eligible to bid for Essar Steel. The court had given both companies
two weeks to comply.
Jet Airways offers 50-day leave without pay as 'staff benefit' to flight
attendants. The move was first introduced in October for 15 days for cabin
crew operating Boeing 737 planes and has now been extended to the crew of
wide-body Airbus A330s and Boeing 777s in November and December.
News Highlights:
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