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Tuesday, November 7, 2017

Markets set to take a leap; SGX Nifty up 36 pts;

stock tips
Indian Indices:

Indian benchmark indices are likely to open higher on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global peers. Markets across Asia were trading mostly higher after the Wall Street ended at record high in overnight trade led by rally in energy stocks.

SGX Nifty is trading at 10516 up by 36 points
Equity Benchmark had a dull day on Monday as they ended mixed after hitting fresh record highs intraday, and following tepid global cues. Investors continued to focus on corporate earnings and crude oil price movement.

Global Market:
US stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would bolster earnings
Asian shares touched their highest in a decade on Tuesday, while oil prices edged down after surging to a more than two-year peak as Saudi Arabia's crown prince cracked down on corruption.
No Key data to watch in US. European shares crept higher on Friday om account of earnings from French bank and Dutch telecoms group

Major Headlines of the day:

Torrent Power announces strong set of performance for Q2FY2018
Revenue up 9 percent at Rs 2915 crore
Net profit up 125 percent at Rs 317.6 crore
EBITDA up 27 percent at Rs 838 crore
Margin at 28.7 percent versus 24.6 percent

NRB Bearings announces strong set of numbers for Q2FY2018
Revenue up 16 percent at Rs 208 crore
Net profit up 24 percent at Rs 21 crore
EBITDA up 18.5 percent at Rs 41.7 crore
Margin at 20 percent versus 19.6 percent

Gulf Oil Lubricants announces strong set of numbers. Revenue up 22.3 percent at Rs 323 crore. Net profit up 37.9 percent at Rs 40 crore. EBITDA up 40.9 percent at Rs 62 crore. Margin at 19.2 percent versus 16.67 percent.

Trend in FII flows: The FIIs were Net Value of Rs 576.27   the cash segment on Monday while the DIIs were Net Value of Rs -263.84 as per the provisional figures.

UPCOMING-RESULTS:- ALEMBIC PHARMA, BHEL, CIPLA, CASTROLIND, DALMIABHARAT, FUTURE RETAIL, IOB, JYOTHYLAB, VIP, MAJESCO, TATACOFFEE, BALRAMPUR CHINI, HFCL, TATAINVEST, PRISMCEM

Securities in Ban For Trade Date 07-NOV-2017:
1.DHFL
2.HDIL
3.IBREALEST
4.INFIBEAM
5.JSWENERGY
6.RCOM
7.WOCKPHARMA

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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