For the day, while US markets were upbeat, the Indian indices could see some subdued movement initially. The SGX Nifty is trading in the red and Asian shares moved lower.
Opinions seem to be changing in the market with the US Federal Reserve making direct references to a rate hike possibility in December. For now, the Fed has kept interest rates unchanged. In the December meeting the Fed would “assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.” The Indian equity market ended with losses for third consecutive trading session on Wednesday tracking weakness in markets across the globe. The decline was led by banking, power, realty and auto stocks. Even the mid-cap and the small-cap stocks which managed to outperform the benchmark indices in the previous trading session witnessed selling pressure.
For the day, while US markets were upbeat, the Indian indices could see some subdued movement initially. The SGX Nifty is trading in the red and Asian shares moved lower. The F&O expiry will add the usual choppiness towards the end. Japan's industrial output rose 1.0 per cent in September from the previous month, which was better than expectations. The dollar is standing strong against most other currencies. Among the results to watch out for include Glenmark Pharmaceuticals, Yes Bank, Dr. Reddy's Laboratories, Nestle India and Colgate-Palmolive.
Finance Minister Arun Jaitley reportedly said the improvement in ranking does not fully reflect the reforms initiated and the position will improve further next year. India climbed 12 positions in the World Bank's rankings in terms of 'ease of doing business'. For the year 2016, India has been ranked 130th on a list of 189 countries, compared with a ranking of 142nd this year. The rise has been attributed to improvement in two areas - ease of starting a business and securing an electricity connection.
The much awaited Initial Public Offer (IPO) from India's most profitable airlines IndiGo got off to a flying start, with 87% subscription in the first day itself, while the second day has seen the IPO getting fully subscribed.
Finance Minister Arun Jaitley reportedly said the improvement in ranking does not fully reflect the reforms initiated and the position will improve further next year.
Reliance Industries has regained top slot among Indian energy companies on the Platts global list by surpassing Oil and Natural Gas Corp (ONGC) in the rankings for this year, says report.
FIPB approved 16 FDI Proposals worth Rs. 4,722 crore.
India climbed 12 positions in the World Bank's rankings in terms of 'ease of doing business'. For the year 2016, India has been ranked 130th on a list of 189 countries, compared with a ranking of 142nd this year. The rise has been attributed to improvement in two areas - ease of starting a business and securing an electricity connection.
Shares of Dabur India Ltd ended flat at Rs. 271. The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 3411.30 million for the quarter ended September 30, 2015 as compared to Rs. 2874.80 mn for the quarter ended September 30, 2014. Total Income has increased from Rs. 19684.40 million for the quarter ended September 30, 2014 to Rs. 21509.20 mn for the quarter ended September 30, 2015.
Shares of Sun TV Network Ltd ended 2% lower at Rs. 378.The Company has posted a net profit of Rs. 2183.80 million for the quarter ended September 30, 2015 as compared to Rs. 1544.70 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 5312.20 million for the quarter ended September 30, 2014 to Rs. 5884.40 million for the quarter ended September 30, 2015.
Amara Raja Batteries Ltd ended 6% lower at Rs. 917 after the company posted Q2 results. The Company has posted a net profit after tax of Rs. 1225.70 million for the quarter ended September 30, 2015 as compared to Rs. 1003.00 million for the quarter ended September 30, 2014.
Syndicate Bank ended 2% lower at Rs. 95. The Bank has posted a net profit of Rs. 3323.70 mn for the quarter ended September 30, 2015 as compared to Rs. 3156.00 million for the quarter ended September 30, 2014.
JSW Energy Ltd ended 4% lower at Rs. 87 after the company posted Q2 results. The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 4919.60 million for the quarter ended September 30, 2015 whereas the same was at Rs. 3186.30 million for the quarter ended September 30, 2014. Total Income is Rs. 26212.20 million for the quarter ended September 30, 2015 where as the same was at Rs. 23722.80 million for the quarter ended September 30, 2014.
Shares of Thermax Ltd closed lower by 5% at Rs. 845. The Company has posted a net profit of Rs. 648.324 mn for the quarter ended September 30, 2015 as compared to Rs. 860.110 million for the quarter ended September 30, 2014.Total Income has decreased from Rs. 11803.175 mn for the quarter ended September 30, 2014 to Rs. 10696.282 million for the quarter ended September 30, 2015.
Shares of Cairn India Ltd were higher by 3% at Rs. 153. The merger proposal of Cairn India Ltd. and Vedanta Ltd. can be put to vote for shareholders approval by January 2016, Vedanta Resources Plc CEO Tom Albanese said.
Shares of Alembic Pharma Ltd were higher by 4% at Rs.690.The Group has posted a net profit after tax and share of profit of associates of Rs. 2889.00 million for the quarter ended September 30, 2015 as compared to Rs. 772.70 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 5472.20 million for the quarter ended September 30, 2014 to Rs. 10088.10 million for the quarter ended September 30, 2015.
Axis Bank stock ended lower by 7% at Rs. 482. The Bank has posted a net profit of Rs. 19156.40 mn for the quarter ended September 30, 2015 as compared to Rs. 16107.10 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 105499.70 mn for the quarter ended September 30, 2014 to Rs. 120010.10 million for the quarter ended September 30, 2015.
Jubilant Life Sciences Ltd stock ended lower by 4% at Rs. 407. The Board of Directors of the company to consider the proposal to issue securities which may include equity shares and/or instruments or securities convertible into, exchangeable with or otherwise linked to the equity shares of the Company, up to an amount of USD 200 million or Rs. 1,300 crores approx.
Aptech Ltd stock ended 3% higher at Rs. 63. The company has announced that they are enetering the formal K-12 school business. The maiden school will come up in Kabul, Afghanistan and will seek students in March 2016.
Bharat Forge stock closed lower by 5% at Rs. 867.The company said it is reorganising operations of its European subsidiaries to reduce costs and facilitate tax and fiscal consolidation.
Bharti Airtel stock ended 2% higher at Rs. 356. The company said it had sold its telecom towers in Burkina Faso to independent tower company, Eaton Towers.
Mastek stock ended 1% lower at Rs.152. The company has bagged a multi-year contract from National Credit Guarantee Trustee Company (NCGTC) to deliver a ‘digital guarantee-processing platform’ thereby enabling banks, FIs, referred to as MLs (Member Lending Institutions) to participate in various credit guarantee schemes of Government of India. It is a nationwide initiative of extending collateral free loans to various underprivileged sections of the society.
Deepak Nitrite Ltd stock ended higher by 8% at Rs. 67. The company has also bagged an Annual Contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science.
Results: Glenmark Pharmaceuticals, Yes Bank, Dr. Reddy's Laboratories, Crompton Greaves, Alstom T&D India, Astra Microwave Products,Bharat Electronics Ltd, Bharat Forge, Bharat Gears, Nestle India, Colgate-Palmolive (india), City Union Bank, NTPC, Dishman Pharmaceuticals & Chemicals, Jubilant Life Sciences ,MRF, Emami,Essel Propack,Forbes & Company, Firstsource Solutions, Gujarat Pipavav Port,Grasim Industries,Grindwell Norton,Hindustan Construction,Heidelbergcement India,Torrent Pharmaceuticals, Ifci,India Tourism Development Corporation,Muthoot Finance,Thomas Cook (India), Sagar Cements,Neuland Laboratories,Oriental Hotels,Polaris Consulting & Services,Praj Industries,Redington (india),RPG Life Sciences,R Systems International,State Bank Of Travancore,Sequent Scientific,SKF India,Solar Industries India,Shriram Transport Finance,Supreme Industries,The Byke Hospitality,V2 Retail
Global Data: Export Price Index (QoQ) (Q3) AUD, Import Price Index (QoQ) (Q3) AUD, Nationwide Housing Prices s.a (MoM) (Oct) GBP, Nationwide Housing Prices n.s.a (YoY) (Oct) GBP, European Commission Releases Economic Growth Forecasts EUR, HICP (YoY) (Oct)Preliminar EUR Retail Sales (YoY) (Sep) EUR, Unemployment Rate s.a. (Oct) EUR, Unemployment Change (Oct) EUR, Net Lending to Individuals (MoM) (Sep) GBP, Consumer Credit (Sep) GBP Mortgage Approvals (Sep) GBP M4 Money Supply (YoY) (Sep) GBP, M4 Money Supply (MoM) (Sep) GBP, 10-y Bond Auction EUR, 5-y Bond Auction EUR, Services Sentiment (Oct) EUR, Consumer Confidence (Oct) EUR, Industrial Confidence (Oct) EUR, Economic Sentiment Indicator (Oct) EUR, Business Climate (Oct) EUR, CBI Distributive Trades Survey - Realized (MoM) (Oct) GBP, Business Confidence (Oct) EUR, Consumer Confidence (Oct) EUR, Continuing Jobless Claims (Oct 16) USD, Initial Jobless Claims (Oct 23) USD, Gross Domestic Product Annualized (Q3)Preliminar USD Gross Domestic Product Price Index (Q3)Preliminar USD, Personal Consumption Expenditures Prices (QoQ) (Q3)Preliminar USD, Core Personal Consumption Expenditures (QoQ) (Q3)Preliminar USD, Industrial Product Price (MoM) (Sep) CAD, Raw Material Price Index (Sep) CAD, Consumer Price Index (YoY) (Oct)Preliminar EUR, Consumer Price Index (MoM) (Oct)Preliminar EUR, Harmonised Index of Consumer Prices (YoY) (Oct)Preliminar EUR, Harmonised Index of Consumer Prices (MoM) (Oct)PreliminarEUR, Fed's Lockhart speech USD, Pending Home Sales (YoY) (Sep) USD, Pending Home Sales (MoM) (Sep) USD, EIA Natural Gas Storage change (Oct 23) USD, 7-Year Note Auction USD, Building Permits s.a. (MoM) (Sep) NZD, Tokyo CPI ex Fresh Food (YoY) (Oct) JPY, Tokyo Consumer Price Index (YoY) (Oct) JPY, Tokyo CPI ex Food, Energy (YoY) (Oct) JPY, National CPI Ex-Fresh Food (YoY) (Sep) JPY, National Consumer Price Index (YoY) (Sep) JPY, National CPI Ex Food, Energy (YoY) (Sep) JPY, Jobs/applicants ratio (Sep) JPY, Unemployment Rate (Sep) JPY, Overall Household Spending (YoY) (Sep) JPY
In other news in the media:
Sun Pharmaceuticals has initiated a recall of over a million boxes of anti-allergic Loratadine drug from the US market after checks revealed the tablets were 'super potent' and 'out of specification.' (BS)
SKS Microfinance said Micro Units Development and Refinance Agency (Mudra) has sanctioned a refinance line of Rs 1bn to the company at 10% to extend finance to micro entrepreneurs. (BS)
Hero MotoCorp launched its new scooter 'Duet' in southern markets, with price starting at Rs 48,400 (ex-showroom Bangalore). (BL)
Oil and Natural Gas Corporation is expected to increase its upstream capital expenditure by 10% next year and intensify its exploration activities, taking advantage of the current depressed global energy market. (ET)
Ashoka Buildcon has bagged a contract worth $38.11mn from Maldives-based company Housing Development Corporation. (BL)
Vedanta ruled out raising the offer price for buying out its oil exploration arm Cairn India even as cyclical downturn in commodities has driven down share prices sharply since the merger announcement in June. (ET)
Natco Pharma said it has launched generic Hepcinat LP, which is in the treatment of chronic hepatitis C infection in adults, in Nepal. (ET)
Idea Cellular is in talks with China's TCL Communication to procure 4G-ready smart phones to support its soon to be launched high-speed broadband services in the country. (BS)
Wipro said it has won a five-year IT contract from Coop Norge Handel AS (Coop Norge), a leading retailer in Norway. Under the agreement, Wipro will transform Coop Norge's enterprise SAP software landscape and upgrade the company's data centre infrastructure, geared towards achieving superior performance. (ET)
InterGlobe Aviation, owner of budget airline IndiGo, filled the order book for its up to $464.3mn initial public offering in the second day of bookbuilding, signaling strong demand from investors. (BS)
India now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year, according to a World Bank report.
Reeling under debt of over Rs. 3tn, the Maharashtra Government is contemplating to take loans at 4% interest from foreign nations for developmental purposes, state Finance Minister Sudhir Mungantiwar has said.
TEN MOST ACTIVE FUTURES
| Symbol |
No.of Cont Traded
|
Last price
|
Open Interest
|
% chg in Op.Int
|
| AXISBANK |
82,532
|
483.70
|
10,292,000
|
-51.69
|
| YESBANK |
42,604
|
728.80
|
3,378,500
|
-58.24
|
| RELIANCE |
37,851
|
937.90
|
7,303,000
|
-32.35
|
| TATAMOTORS |
36,552
|
386.50
|
12,844,000
|
-35.27
|
| HDFCBANK |
35,221
|
1,113.35
|
7,450,250
|
-34.37
|
| SBIN |
35,045
|
242.75
|
25,192,000
|
-23.48
|
| LUPIN |
32,006
|
1,914.40
|
1,358,250
|
-44.93
|
| INFY |
29,942
|
1,152.05
|
3,830,750
|
-50.58
|
| LT |
29,294
|
1,494.00
|
3,180,250
|
-28.30
|
| HDFC |
28,809
|
1,267.15
|
3,055,000
|
-59.23
|
TEN MOST ACTIVE OPTIONS
Option Type
|
Strike price
|
No.of Cont Traded
|
Open Interest
|
% Chg in Op.In
| |
| AXISBANK |
CE
|
500
|
13,064
|
1,520,000
|
328.17
|
| AXISBANK |
PE
|
480
|
8,576
|
741,000
|
178.05
|
| AXISBANK |
CE
|
490
|
8,047
|
761,000
|
1,536.56
|
| RELIANCE |
CE
|
940
|
7,888
|
412,250
|
-15.17
|
| LUPIN |
PE
|
1,900
|
7,340
|
264,000
|
-44.24
|
| MARUTI |
CE
|
4,600
|
7,203
|
209,750
|
-14.26
|
| MARUTI |
CE
|
4,500
|
6,410
|
162,500
|
-27.25
|
| LUPIN |
CE
|
1,950
|
5,556
|
82,000
|
-16.54
|
| MARUTI |
CE
|
4,550
|
5,493
|
177,750
|
15.33
|
| SBIN |
CE
|
250
|
5,037
|
3,835,000
|
-0.08
|
SUPPORT & RESISTANCE LEVEL
| Company Name |
S3
|
S2
|
S1
|
Close
|
R1
|
R2
|
R3
|
| Sensex Index |
26,879
|
26,918
|
26,959
|
27,040
|
27,120
|
27,162
|
27,201
|
| Nifty Index |
8,120
|
8,133
|
8,146
|
8,171
|
8,197
|
8,210
|
8,222
|
| ABB Ltd |
1,253
|
1,258
|
1,263
|
1,274
|
1,284
|
1,290
|
1,295
|
| ACC |
1,380
|
1,385
|
1,390
|
1,400
|
1,410
|
1,415
|
1,420
|
| Ambuja Cements |
204
|
205
|
206
|
209
|
211
|
212
|
213
|
| Bajaj Holdings |
1,619
|
1,629
|
1,639
|
1,659
|
1,679
|
1,689
|
1,699
|
| BHEL |
209
|
210
|
211
|
213
|
214
|
215
|
216
|
| Bharti Airte |
353
|
354
|
355
|
358
|
361
|
362
|
363
|
| Cipla |
679
|
683
|
687
|
696
|
704
|
708
|
712
|
| Dabur India |
269
|
269
|
270
|
272
|
273
|
274
|
274
|
| GAIL India |
312
|
313
|
315
|
318
|
320
|
322
|
323
|
| Grasim Ind. |
3,671
|
3,677
|
3,682
|
3,693
|
3,703
|
3,709
|
3,714
|
| HCL Tech |
860
|
864
|
868
|
875
|
883
|
887
|
891
|
| HDFC Bank |
1,096
|
1,100
|
1,104
|
1,112
|
1,120
|
1,124
|
1,128
|
| Hero Honda |
2,600
|
2,605
|
2,612
|
2,624
|
2,636
|
2,642
|
2,648
|
| Hindalco |
84
|
84
|
84
|
84
|
85
|
85
|
85
|
| Hindustan Unilever |
810
|
812
|
814
|
817
|
821
|
823
|
825
|
| ICICI Bank |
264
|
266
|
268
|
272
|
275
|
277
|
279
|
| Infosys Tech |
1,138
|
1,141
|
1,145
|
1,151
|
1,158
|
1,162
|
1,165
|
| ITC Ltd |
351
|
352
|
353
|
355
|
356
|
357
|
358
|
| L&T |
1,481
|
1,484
|
1,486
|
1,491
|
1,497
|
1,499
|
1,502
|
| MTNL |
19
|
19
|
19
|
19
|
19
|
19
|
19
|
| M&M |
1,209
|
1,214
|
1,219
|
1,230
|
1,240
|
1,246
|
1,251
|
| Maruti Suzuki |
4,438
|
4,452
|
4,467
|
4,496
|
4,524
|
4,539
|
4,553
|
| Mahindra Satyam |
538
|
541
|
544
|
549
|
555
|
558
|
560
|
| National Alumin |
39
|
39
|
40
|
40
|
40
|
40
|
40
|
| ONGC |
246
|
247
|
249
|
252
|
255
|
256
|
257
|
| Oriental Bank |
134
|
135
|
136
|
137
|
138
|
139
|
139
|
| PNB |
127
|
128
|
129
|
131
|
132
|
133
|
134
|
| Ranbaxy Labs |
893
|
895
|
897
|
901
|
905
|
907
|
909
|
| Reliance Capital |
407
|
408
|
410
|
412
|
415
|
417
|
418
|
| Reliance Comm |
76
|
77
|
77
|
78
|
79
|
79
|
79
|
| Reliance Energy |
377
|
378
|
379
|
381
|
383
|
384
|
385
|
| Reliance Inds |
928
|
930
|
933
|
937
|
942
|
944
|
947
|
| R Power |
49
|
49
|
49
|
49
|
49
|
50
|
50
|
| Siemens India |
1,339
|
1,345
|
1,350
|
1,362
|
1,373
|
1,379
|
1,384
|
| SBI |
236
|
238
|
239
|
242
|
245
|
246
|
248
|
| TCS |
2,510
|
2,513
|
2,517
|
2,525
|
2,532
|
2,536
|
2,539
|
| Tata Motors |
381
|
382
|
383
|
386
|
389
|
390
|
391
|
| Tata Power |
69
|
69
|
69
|
70
|
70
|
70
|
71
|
| Tata Steel |
245
|
245
|
246
|
247
|
249
|
249
|
250
|
| Tata comm |
420
|
421
|
423
|
426
|
430
|
431
|
433
|
| Wipro |
571
|
573
|
575
|
578
|
582
|
584
|
586
|
| Wire And Wireless |
33
|
33
|
34
|
34
|
34
|
34
|
35
|
| Zee Entertainment |
414
|
416
|
417
|
420
|
423
|
425
|
426
|
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