Markets to open higher; SGX Nifty up 45 pts;

Indian Indices:

Indian benchmark indices are likely to open higher on Monday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm trend across global peers. Nifty HDFC and Tata Steel Q2 to remain in focus today. SGX Nifty is trading up 45 points.

Indian Indexes soared to life-time high in opening trade as the November derivatives series took off on a strong footing amid positive Asian cues

Auto sales data, Quarterly earnings, macroeconomic data points and recapitalization play are going to be the crucial metrics this week.

Global Market:

US stock markets hit new peaks on Friday after forecast-beating results from the technology companies including Google’s parent company Alphabet, Amazon and Microsoft

Asian shares edged higher in early Monday trade as investors awaited quarterly results from regional corporates.

Major Headlines of the day:

SPARC

Revenue down 84.2 percent to Rs 15 crore

Net loss of Rs 62.6 crore versus Net profit of Rs 15 crore

Margin down (413) percent from 14.1 percent

TATA Metaliks

Revenue up 39.3 percent to Rs 450 crore

Net profit up 52.5 percent to Rs 33.55 crore

Margin at 14.88 percent versus 14.08 percent

Jubilant Life Science

Net profit down 13 percent at Rs 125.5 crore EBITDA down 10 percent at Rs 306 crore Margin at 18.6 percent versus 24.6 percent.

Dirty Rooms, Equipment Found At Dr Reddy's formulation manufacturing unit-2 at Bachupally. Banned From Europe Exports, It clocked Rs. 207.5 crore revenues from the region for June 2017 Qtr.Cadila Health gets U.S. FDA approval for generic of Tamoxifen Citrate Tablets. The drug is indicated to treat breast cancer.

Trend in FII flows: The FIIs were net buyers of Rs -640.95 the cash segment on Friday while the DIIs were net sellers of Rs 56.57 as per the provisional figures.

UPCOMING RESULTS:- BHARATFIN, ONGC, HDFC, IDFC, KAJARIA, LICHSGFIN, MARICO, TATASTEEL, WOCKPHARMA, UPL, LUPIN

Securities in Ban For Trade Date 30-OCT-2017:

1.IBREALEST

2.JSWENERGY

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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