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Tuesday, October 24, 2017

Markets may open higher; SGX Nifty up 123 pts;

stock tips
Indian Indices:
Indian benchmark indices are likely to open higher on Wednesday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm cues from global peers. SGX Nifty is up 123 points.
Key benchmark indices settled with modest gains as firmness in most global stocks supported gains on the domestic bourses. The barometer index, the S&P BSE Sensex gained 100.62 points or 0.31% to settle at 32,607.34. The Nifty 50 index rose 22.85 points or 0.22% to settle at 10,207.70. Market gained for the second day in a row. GIC Re shares to list on bourses today.

Global Market:
Dow soars 168 points to record close on earnings beats by Caterpillar, 3M
Asian shares traded flat in early trade on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report that Republican senators were leaning towards John Taylor to be the next Federal Reserve chief.
Key data to watch in US : Durable Goods Orders, New Home Sales and EIA Petroleum Status Report

Major Headlines of the day:

RAYMOND-Q2, YoY:
Net sales up 2.6 percent to Rs 1595 crore
Net profit up 140 percent to Rs 59.9 crore
EBITDA up 33 percent to Rs 137 crore
Margin at 8.6 percent versus 6.6 percent
Exceptional gain of Rs 21 crore

Lupin got U.S. FDA final approval for Carbidopa tablets, 25 mg a generic version of Aton Pharma Inc's Lodosyn tablets, 25 mg, used for treatment of idiopathic Parkinson's disease.

BANK OF BARODA: Cabinet approved Rs 2.11 lakh crore PSU Banks' recapitalization plan for a two year period.

KNR CONSTRUCTIONS: The government has approved the biggest highway construction plan so far in the country, to develop approximately 83,677 km of roads at an investment of Rs 6.92 lakh crore by 2022

Trend in FII flows:The FIIs were net buyers of Rs -1306.76 the cash segment on Tuesday while the DIIs were net sellers of Rs 592.28 as per the provisional figures.

UPCOMING RESULTS:- EMAMI, ENGINEERSIND, EXIDEIND, HCLTECH, HUL, KOTAKBANK, M&MFIN, MINDTREE,  PNBHOUSING, TATA ELXSI, VGUARD

Securities in Ban For Trade Date 25-OCT-2017:
1.BEML
2.DHFL
3.HDIL
4.IBREALEST
5.INFIBEAM
6.JPASSOCIAT
7.JSWENERGY
8.RCOM

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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