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Monday, October 16, 2017

Markets may open lower; SGX Nifty down 22 pts;

stock tips
Indian Indices:

Indian benchmark indices are likely to open lower in holiday-shortened week on Tuesday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. SGX Nifty is trading 10258 down by 22 points.

Benchmark indices began Diwali week on a very strong note & Markets ended at record high levels. Sensex ended up by 200 points at 32633 while Nifty ended higher by 63 points at 10231 whereas midcaps underperformed.

Global Market:
US stock index rose to record closing highs on Monday ahead of a long list of earnings this week and as financial shares recovered from last week's losses.
Asian markets rose in early Tuesday trade as commodities held onto most overnight gains made on the back of better-than-expected China producer prices.

Major Headlines of the day:
M&M Financial Services: Xl group to acquire a 20 percent minority stake in Mahindra insurance brokers, a subsidiary of Mahindra & Mahindra Financial Services Ltd.

Oberoi Reality
Revenue up 20.4 percent to Rs 303.5 crore 
Net profit up 24.6 percent to Rs 104 crore 
EBITDA up 31.6 percent to Rs 164.5 cro

Delta Corp
Net Profit up 33.5 percent to Rs 43 crore
Revenue up 8.2 percent to Rs 145 crore
EBITDA up 14.3 percent to Rs 64.5 crore
Margin at 44.5 percent

Bajaj Finserv
Net profit up 13.3 percent to Rs 652 crore
Revenue up 27.7 percent to Rs 7,561 crore

Trend in FII flows:The FIIs were net buyers of Rs –29.92 the cash segment on Monday while the DIIs were net sellers of Rs 272.69 as per the provisional figures.

UPCOMING RESULTS:- ACC, AXIS BANK, BAJAJ AUTO, CRISIL, ICICILOMBARD, WIPRO, TATASPONZE, BLUEDART,  BAJAJ HOLDING

Securities in Ban For Trade Date 17-OCT-2017:
1.DHFL
2.IBREALEST
3.INFIBEAM
4.JPASSOCIAT
5.JSWENERGY
6.RCOM
7.RELCAPITAL

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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