- Indian equity benchmarks snapped a two-day fall, closing mildly higher on Thursday, while broader markets outperformed. - Tata Motors reported a three-fold rise in quarterly profit driven by better-than-expected performance at Jaguar Land Rover, with revenue up 10.3% and operating profit margin expanding 280 basis points. - Shares of Amara Raja Batteries and Page Industries rose over 7-10% after both companies reported quarterly earnings above analyst estimates, with Amara Raja posting a 6.7% fall in profit but revenue up 7.1%.

1. 10TH
NOV 2017

2. Husains
MARKET WRAP
Equity benchmarks snapped two-day fall to close mildly higher but broader markets outperformed on Thursday.
The 30-share BSE Sensex was up 32.12 points at 33,250.93 and the 50-share NSE Nifty rose 5.80 points to
10,309.
About 1,485 shares advanced against 1,211 declining shares on the BSE.
BROAD MARKET INDICES
INDEX CURRENT OPEN HIGH LOW P. Close %CHANGE
NIFTY 50 10,308.95 10,358.65 10,368.45 10,266.95 10,303.15 0.06
NIFTY NEXT 50 29,741.80 29,739.05 29,856.45 29,378.95 29,546.85 0.66
NIFTY MIDCAP 50 5,107.60 5,081.10 5,118.05 5,008.65 5,041.60 1.31
NIFTY100 LIQ15 4,533.35 4,551.90 4,570.95 4,478.50 4,513.30 0.44
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3. ASIAN INDEX
INDEX OPEN HIGH LOW CLOSE %CHANGE
NIKKEI 225 22,989.44 23,382.15 22,522.83 22,868.71 -0.20
HANG SENG 28,987.79 29,192.51 28,960.05 29,136.57 0.79
TAIWAN 10,802.95 10,831.38 10,721.87 10,743.27 -0.70
SSE 3,410.67 3,428.77 3,408.62 3,427.79 0.36
INDIAN MAJOR SECTORAL INDICES
INDEX CURRENT OPEN HIGH LOW P. Close %CHANGE
NIFTY BANK 25,291.35 25,281.00 25,385.20 25,166.15 25,184.35 0.42
NIFTY FIN SERVICE 10,361.80 10,398.95 10,410.35 10,300.10 10,358.45 0.03
NIFTY IT 11,248.45 11,275.45 11,301.25 11,201.65 11,245.90 0.02
NIFTY PHARMA 9,435.85 9,616.65 9,623.20 9,289.05 9,494.95 -0.62
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4. STOCK UPDATE
Tata Motors posts 3-fold rise in Q2 profit, JLR operating margin beats
estimates
Commercial and passenger vehicle maker Tata Motors has reported a robust three-fold growth in profit for July-
September quarter, driven by better-than-expected JLR's operational performance.
Consolidated profit during the quarter increased to Rs 2,501.67 crore, from Rs 848.16 crore in same quarter last
fiscal.
Consolidated revenue from operations (net of excise) jumped 10.3 percent to Rs 70,156 crore, compared with Rs
63,577.37 crore in year-ago, driven by better product mix in JLR and higher volumes in standalone business.
Revenue was lower by Rs 2,393 crore and profit by Rs 112 crore due to translation impact from GBP to INR, Tata
Motors said in its filing.
Consolidated operating profit for the quarter was higher by 42.8 percent at Rs 9,010 crore and margin expanded
by 280 basis points to 12.7 percent compared with same quarter last fiscal.
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5. STOCK UPDATE
Amara Raja Batteries, Page Industries rally 7-10% after better-than-
expected Q2 nos
Amara Raja Batteries shares surged as much as 7 percent and Page Industries gained 10 percent on Thursday
after reporting better-than-expected earnings for quarter ended September 2017.
The automotive battery manufacturer has posted profit after tax of Rs 127.2 crore, lower by 6.7 percent from
year-ago period but higher than analyst estimates.
Revenue during the quarter grew by 7.1 percent to Rs 1,427.5 crore and operating income increased 3.6 percent
to Rs 238.1 crore but margin contracted by 50 basis points to 16.7 percent compared with corresponding quarter
last fiscal.
Profit was estimated at Rs 111.9 crore for the quarter and operating income at Rs 206.4 crore with margin at
13.5 percent, according to average of estimates of analysts polled by CNBC-TV18.
Page Industries, the exclusive licensee of JOCKEY International Inc (USA), has reported a 22.4 percent growth
year-on-year in profit at Rs 84 crore and 17.1 percent rise in revenue at Rs 626 crore for the quarter.
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