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.

Stock movements and Stock focus on 14 November 2017, Investment Advisory

sensex down Sensex and Nifty opened the trade on choppy note, following the weaker U.S Markets and passive start of the Asian Indices. At 10.35 am, the BSE Sensex is trading lower by 3.45 points at 33,030 while the NSE Nifty down by 8.85 points to 10,216 levels.

Stock movements in early hours: Shares JP Associates Ltd fell 7.3% to Rs. 19.75 after the Supreme Court directed its directors to personally appear in court and disclose personal assets. Shares of Jaiprakash Power Ventures Ltd fell 3.2 percent, and Jaypee Infratech Ltd was down 2.6 percent.

Shares of Future Enterprises Ltd rose 3 percent to Rs 49.20 after the company reported narrowed loss for its Q2 earnings to Rs. 1.94 crore from Rs. 23.24 crore a year ago.

Shares of  Adani Entertainment Ltd rose 3 percent to Rs. 157.05 after the company reported 9.5 percent increase in its net profit to Rs 844 crore.

Shares of Bharti Airtel Ltd  opened the trading day up by 1 percent while Bharti Infratel Limited plunged 2.3 percent in early trade.

Stock in Focus: In another development, Jaiprakash Associates Limited has informed the Exchange that JSW Infrastructure would get associated with the company in the resolution plan of Jaypee Infratech Limited (JIL). The stock will be in limelight on Tuesday.

Idea Cellular Ltd and Vodafone India have agreed to sell their standalone tower biz to ATC Telecom Infrastructure Pvt. Ltd for about 1.2 billion dollars.

Adani Enterprises Ltd has posted a net loss of over Rs. 15.00 crore in the Q2FY18 as posted in its Q2FY18 results announced after market hours on Monday.

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.

Sensex Nifty Gain, Index trend and Stock in Action on Wednesday

Sensex Nifty up Sensex and Nifty take cues from the positive US markets to trade on a positive note with BSE Sensex trading at 33,402 levels, up by 32 points, while NSE Nifty is trading at 10,357 levels, up by 7 points at 10.40 am on Wednesday. Pharma Sector gains strong footing with positive Q2 earnings from many companies. IT stocks trading higher with TCS, Wipro Ltd, Infosys Ltd, Tech Mahindra and HCL Technologies in the morning hours.

Quarterly Results:- Voltas Ltd, Ashok Leyland, Arvind Ltd, United Bank Limited, OBC, Bharat Forge, Petronet LNG, Balkrishna Industries, Gujarat Narmada Valley Fertilizers & Chemicals, IRB Infra, NDTV, Muthoot Finance and Thermax are scheduled to release their quarterly earnings for the Sept quarter on Wednesday.

Stock in Actions:- AkzoNobel India has said it will sell its specialty chemicals biz as a going concern to an affiliate of the AkzoNobel Group-NV Netharlands for Rs 320 crore. 

Larsen & Toubro (L&T): Schneider Electric SE, the French industrial multinational together with its consortium partner Temasek, has in business with L&T to acquire its electric and automation division for Rs 15,000-Rs 17,000 cr.

Glaxo Smith Kline has reported 4.73% rise in net profit at Rs.192.41 cr for the Q2 ended Sept 30, 2017-18. The company had posted net profit of Rs .183.72 cr in the same period of previous year.
Reliance Communications is re-negotiating its deal with Canadian investment fund Brookfield along with other prospective buyers for a stake in its tower unit.

Telecom stocks will be in focus as the TRAI is considering removal of the 50% limit on spectrum holdings within a particular band. This would help Vodafone and Idea retain all their airwaves once the merger is completed.

Stock in News today 7th November 2017, Best Intraday Advisory Company

stock market down Indian stock markets opened a little bit higher on Tuesday following the cues of higher US markets. Later the indices slowly turned flat At 10.35 am, the BSE Sensex is trading at 33,664 levels, down by 66 points, while NSE Nifty is trading at 10,426 levels down by 25 points. Except the FMCG and IT index all the other sectoral indices are in the red. The Indian rupee is trading at 64.73 to the U.S Dollar in the morning hours.

Stock Focus today:-
GlaxoSmithKline, Cipla, Bharat Heavy Electrical Ltd, Future Retail Ltd, VIP Industries Ltd, Jyothy Lab Ltd and Thermax are some of the companies that will release their Q2 earnings on Tuesday, 7 Nov 2017.

Muthoot Capital Service Ltd launched Qualified Institutional Placement to raise Rs 200 crore. The Price band is fixed at Rs 601-610 per share.

Everstone Group has agreed to acquire Kenstar, air conditioners and home appliances, from Century Appliances Ltd, an associate of the Videocon Group.

Tata Chemicals Limited sells its non-bulk phosphates business to IRC Agro-chemicals for Rs. 375 cr, which involves sale of the fertilizer biz, the assets attached to it as well as the company’s Haldia plant.

Just Dial’s net profit rose 26.47% to Rs 37.46 crore on 3.97% rise in total income to Rs 214.52 crore in Sept 2017 year on year.

Bank of Maharashtra reviewed its marginal cost of funds based lending rates (MCLR) with effect from 7 November 2017.