Indian Indices:
Indian benchmark indices are likely to start November series F&O expiry on positive note, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm trend across global peers. SGX Nifty is trading @10387, +13 points.
Equity benchmarks as well as Midcap index continued to end at record closing high on Thursday, with the Nifty rallying 6 % in October series (the highest ever gains in a series in 2017).
Global Market:
U.S. stocks closed higher on Thursday as the latest set of earnings reports gave investors a positive surprise.
Asian shares gained on Friday as technology shares were boosted by upbeat earnings from US tech giants while the euro hovered near 3 month low against the dollar after the ECB extended its stimulus
Major Headlines of the day:
Yes Bank
Net profit up 25.1 % at Rs 1002.7 cr
Gross NPA at 1.82 % from 0.97 %, Net NPA At 1.04 % from 0.39 %(QoQ)
Provisions at Rs 447 cr from Rs 285.7 cr (QoQ)
Biocon - Weak results:
Rev at 969 cr vs poll 1027.1 cr
EBITDA at 183 cr vs poll 233 cr
Margins at 19% Vs poll 22.7%
United Spirits - Good Results:
PAT up 85% at 153 cr Vs est 96.4 cr
EBITDA up 56% @ 319 cr
OPM at 16.1% vs 9.9%
Crompton Greaves Consumer - Good Results:
Revenues up 9.8 % at 960 cr. Net profit up 24.56 % at Rs 71 cr
EBITDA @at 121 cr from Rs 101.5 cr, Margin at 12.60 % from 11.61 %
Trend in FII flows:The FIIs were net buyers of Rs -375.63 the cash segment on Friday while the DIIs were net sellers of Rs -523.54 as per the provisional figures.
UPCOMING RESULTS:- IOC, KSCL, HEIDELBERG CEM, CANBK, ITC, MARUTI, PVR, SPARC, NAVIN FLUORINE.
Securities in Ban For Trade Date 27-OCT-2017:
1.IBREALEST
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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