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Wednesday, 18 October 2017

Nifty Bank Index falls over 1%; Axis Bank drops 7%

Shares of most banks fell sharply and bank indices are seen in the negative territory. To start with, Axis Bank posted the quarterly results where it missed street estimates as NII for the quarter was 4.5% below street estimates of Rs 4741 crore.  Also, net profit for the quarter was almost 66% down from street estimates of Rs 1,298 crore.

The Nifty Bank index was down over 1% and Nifty Private Bank index was down 1.6% led by the sharp fall in Axis Bank, which fell 7% after the bank announced its results after market hours on Tuesday.

ICICI Bank, Yes Bank, SBI, IDFC Bank, Bank of Baroda and Canara Bank were also losing in trade.

Axis Bank Ltd is currently trading at Rs 473.85, down by Rs 39.35 or 7.67% from its previous closing of Rs 513.2 on the BSE. The scrip opened at Rs 490 and has touched a high and low of Rs 490 and Rs 472.15 respectively.

ICICI Bank Ltd is currently trading at Rs 263.5, down by Rs 10.4 or 3.8% from its previous closing of Rs 273.9 on the BSE. The scrip opened at Rs 268.4 and has touched a high and low of Rs 268.5 and Rs 263 respectively.

State Bank of India is currently trading at Rs 245.7, down by Rs 5.45 or 2.17% from its previous closing of Rs 251.15 on the BSE. The scrip opened at Rs 246 and has touched a high and low of Rs 247.95 and Rs 242.5 respectively.



Tuesday, 17 October 2017

Live Stock Market Updates - Sensex, Nifty off day's high

Equity benchmarks were trading in a narrow band as gains in Bharti Airtel and TCS were offset by losses in Tata Motors and Infosys.

The S&P BSE Sensex is trading at 32,597, down by 36 points, while NSE Nifty is trading at 10,228 down by 2 points.

The BSE Mid-cap Index is trading up by 0.23% at 16,087.48 whereas BSE Small-cap Index is trading up by 0.32% at 17,030.68.

BPCL, HPCL, Indiabulls Housing Finance, YES bank and Aurobindo Pharma are among the gainers, whereas Tata Motors, Bajaj Finance, Zee Entertainment, UPL, and Dr. Reddy are losing steam on NSE.

Panacea Biotec's Baddi unit cleared by Ukraine drug regulator. Stock zooms 10%.

Aurobindo Pharma gets USFDA nod for Nexium generic 24 HR OTC drug. Stock rises 1%.

Godawari Power & Ispat stock soars 5% on additional coal linkage.

Snowman Logistics stock spurts 5% on bagging IKEA deal.



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Sunday, 15 October 2017

Equity Option Morning Calls

BUY IDEA FUTURE ABOVE 82  TGT 82.5, 83, 84  SL BELOW 81.3

BUY  BHARTI AIRTEL FUTURE ABOVE 441.5 TGT 443.5, 445.5, 448 SL BELOW  439

BUY GODREJIND FUTURE ABOVE 367.6 TGT 369.5, 372, 375  SL BELOW 365.25

BUY MAHINDRA AND MAHINDRA FINANCIAL FUTURE ABOVE 434.50 TG 436.50, 438.50, 441.50 SL 431.45,


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Friday, 13 October 2017

Nifty Bank Index up over 300 pts; ICICI Bank, Canara Bank up 2%

Nifty Bank index has been trading higher on Friday. The index was trading at 24,701 level, up by 340 points or 1.40%.

The index has surged due to lower retail inflation, higher industrial output growth and hope of early resolution of telecom sector.

ICICI Bank Ltd is currently trading at Rs 273.2, up by Rs 5.65 or 2.11% from its previous closing of Rs 267.55 on the BSE. The scrip opened at Rs 267.5 and has touched a high and low of Rs 273.85 and Rs 267.5 respectively. The stock is currently trading below its 100 DMA.

Canara Bank is currently trading at Rs 310.8, up by Rs 6.5 or 2.14% from its previous closing of Rs 304.3 on the BSE. The scrip opened at Rs 302.5 and has touched a high and low of Rs 312.2 and Rs 302.5 respectively. The stock is currently trading below its 100 DMA.

HDFC Bank is currently trading at Rs 1847.5, up by Rs 32.05 or 1.77% from its previous closing of Rs 1815.45 on the BSE. The scrip opened at Rs 1819 and has touched a high and low of Rs 1850 and Rs 1819 respectively. The stock is currently trading above its 50 DMA.



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BUY IDEA CELLULAR ABOVE 79 TG 79.60, 80.50, 81.50 SL 78,

BUY SOUTH INDIAN BANK LTD ABOVE 32 TG 32.40, 32.90, 33.80 SL 31,

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Wednesday, 11 October 2017

Market Watch@Result Expectation: TCS

Market view: 

Nifty hovers around the 10000 mark.  Midcap IT stocks rallies ahead of TCS numbers. PSU Banks continue to tumble on account of fresh short buildup. Immediate support for Nifty/Bank Nifty is placed at 10000/24000 and resistance at 10050/24200.

Result Expectation: TCS Q2 FY18 (QoQ):

  • PAT may rise 5.7% to Rs 6,284 Cr.
  • Revenue likely to grow 3.4% at Rs 30,585 Cr.
  • Revenue in U.S. dollar terms is expected to grow 3.1% to $4,735 million.
  • Operational margins may expand 110 basis points to 24.5%.

LIVE STOCK MARKET TIPS



Tuesday, 10 October 2017

Intraday Stock Future Calls

BUY NIIT TECH FUTURE ABOVE 607 TG 610, 613, 617 SL 603,

BUY JSW ENERGY FUTURE WITH 10 LOT ABOVE 81.50 TG 85, 89 SL 79.45,

BUY GRANULES FUTURE ABOVE 132 TG 132.75, 133.75, 135.25 SL 130.75,

              STOCK CASH TIPS

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South Indian Bank Q2FY18 standalone net profit declines 96% yoy to Rs.4.32 crore

South Indian bank reported its Q2FY18 numbers today. NII for the quarter rose by 13.1% yoy to Rs.503 crore in Q2FY18 vs Rs.445 crore in Q2FY17. This was largely due to 6% rise in interest earned in Q2FY18 to Rs.1536 crore.

In terms of asset quality, GNPA for the quarter rose by 1% to Rs.1766 crore in Q2FY18 vs Rs.1745 crore in previous year corresponding quarter. In percentage terms GNPA’s for the quarter declined by 39 bps to 3.57% vs 3.96% in Q2FY17. Also, Net NPA for the quarter declined by 20 bps to 2.57% in Q2FY18 vs 2.77% in Q2FY17.

Provisions for the quarter more than doubled to Rs.453 crore in Q2FY18 vs Rs.128 crore in Q2FY17. This substantial rise in provisions led to slump in bottom-line by 96% to Rs.4.32 crore in Q2FY18 vs Rs. 110 crore in Q2FY17.



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