Sensex opens below 33,000, Stock Trading news and Calls on 15 November 2017

stock advisory companyThe key benchmark indices extended losses with Sensex lost 125 points to hit the day’s low of 32,816 levels while the NSE Nifty dropped 44 points to mark a day’s low of 10,142.55 at 10.45 hours on Wednesday.

Sun Pharma was the biggest loser on Sensex after the company reported a decline of 59.19% in the consolidated net profit to Rs 912.12 cr for the quarter ended on 30 Sept 2017 YoY basis.

Earnings Reports: GAIL (India)’s net profit rose 41.6% to Rs. 1309.63 Cr on 4.5% growth in net sales to Rs. 12409.65 Cr in Q2 Sept 2017 on YoY basis.

Bank of Baroda’s net profit fell 35.64% to Rs. 355.36 Cr on 3.68% rise in total income to Rs. 12490.39 Cr in Q2 Sept 2017 YoY.

Indiabulls Real Estate’s consolidated net profit fell 30.28% to Rs. 93.90 Cr on 1.54% rise in net sales to Rs. 721.58 Cr in Q2 Sept 2017 year on year.

NBCC (India)’s consolidated net profit rose 31.33% to Rs. 81.24 Cr on 12.07% fall in net sales to Rs. 1,319.25 Cr in Q2 Sept 2017 YoY.

The major companies which are lined up to announce their Q2 earnings are New India Assurance Company, CARE Ratings, Golden Tobacco, TD Power Systems, Digjam, Empee Distilleries, Automotive Axles, HMT and Universal Cables, among others.

Weekly recaps of Stock: Markets settled higher on GST respite

stock market weekly report Stock Markets settled higher on GST relief on Friday, but post weekly loss to some extent. Nifty registered marginal profit taking and lost over 1% in the passing week. The Bank Nifty index has been consolidating in a narrow range close to its record high, while Nifty IT index surpassed the benchmark index and spurted strongly in the passing week.

The key benchmark Sensex & Nifty overcame a spell of the extreme end volatility to close with modest gains today as investor sentiment got a lift after the GST Council trimmed tax rates on a wide range of items.

The BSE Sensex, after a start at 33,235 levels, rebounded to the day’s high of 33,380.42 in the late afternoon trade of the week ended Friday, but lost some ground to end at 33,314.56, up 63.63 points, or 0.19%, from its earlier close. The NSE Nifty 50 index, after moving between 10,254.10 and 10,344.95, finally ended 12.80 points, or 0.12%, higher at 10,321.75. For the week, Sensex index fell by 371 pts, whereas the Nifty lost 130.75 pts.

The GST Council on Friday provided release to several sectors by reducing tax rates an array of consumer items to 18% from current 28% and cut rates on 177 goods.