Thursday, 30 November 2017

The Sensex Was Down 216.40 Points At 33386.36, While The Nifty Too Was Down 71.80 Points

The Sensex was down 216.40 points at 33386.36, while the Nifty too was down 71.80 points at 10289.50. The market breadth was negative as 764 shares advanced against a decline of 1290 shares, while 81 shares were unchanged.

Bajaj Auto and Dr Reddy’s Labs were the top gainers, while Kotak Mahindra, BHEL, and UltraTech Cement lost the most.

Shares of Tribhovandas Bhimji Zaveri tumbled 15.5 percent in morning on the back of weak Q2 numbers.

The company has registered 90 percent decline in its Q2 net profit at Rs 80 lakh against Rs 7.89 crore in the same quarter last fiscal.

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Cipla Health, The Consumer Healthcare Arm Of Cipla, Plans To Revitalise

Cipla Health, the consumer healthcare arm of Cipla, plans to revitalise its over-the-counter consumer business through more in-house launches and brand acquisitions in the coming quarters.

“We are looking at switching Cipla’s prescription products into consumer products and organic launches wherever there is a huge unmet need of it like the immune-boosters that we launched now,” said Anantha Nayak, Chief Executive Officer of Cipla Health.

“We are also actively looking at any kind of inorganic growth through mergers and acquisitions,” Nayak added.

He said the company is looking at new product launches in segments such as gastrointestinal, pain and analgesic, cough and cold and nutritional supplements.

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Wednesday, 29 November 2017

Sensex, Nifty Rangebound Ahead Of F&O Expiry; Coal India, DRL Gain

Shares of Cadila Healthcare added 1.3 percent intraday as it has received USFDA approval for Candesartan Cilexetil and hydrochlorothiazide tablets.

Zydus Cadila has received the final approval from the USFDA to market Candesartan Cilexetil and hydrochlorothiazide tablets USP in the strengths of 16mg/12.5 mg, 32mg/12.5mg and 32 mg/ 25 mg.

The drug combines an angiotensin II receptor antagonist and a diuretic, hydrochlorothiazide and is used to treat high blood pressure.

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The Rupee Ss Trading Flat After Seeing Depreciation Of 10 Paise To 64.51 Against The US Dollar

The rupee is trading flat after seeing depreciation of 10 paise to 64.51 against the US dollar in opening at the interbank foreign exchange due to appreciation of the American currency overseas.

Yesterday, the rupee had gained further ground against the US currency and finished at a new two-month high of 64.41, appreciating by 9 paise after sustained dollar unwinding by exporters and corporates.

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Tuesday, 28 November 2017

The Rupee Pared Initial Losses To Trade At Rs 64.41 Per Dollar

The rupee pared initial losses to trade at Rs 64.41 per dollar, up by 9 paise, in late morning deals on bouts of dollar selling from banks and exporters amid a subdued dollar overseas.

The rupee opened lower at 64.53 against previous closing level of 64.50 per dollar at the interbank forex market. It slid further to 64.60 in early trade amid losses in stock markets.

The domestic currency reversed the trend in late morning trade and hit a high of 64.35 before trading at 64.41, up by 9 paise, at 1100 hrs. The domestic unit hovered between 64.60 and 64.35 during morning trade.

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The Nifty 50 Has Rallied 26 Percent In 2017 So Far

The stocks in focus this morning will be the realty pack - a media report suggests that there might be a tax on the unsold inventory held by developers.

In an interview to CNBC-TV18, Gulam Zia, Executive Director of Knight Frank said real estate industry is in a doldrums situation with so many changes; regulatory and goods and services tax etc. It was weathering those blows and this is supposed to be the next one.

He further said that unsold inventory was always there, now we just have more clarity on the data.

Talking about real estate locality in general, he said the worst affected market is National Capital Region and on the other hand Bengaluru developers have always been doing well.

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Friday, 24 November 2017

The Indian Rupee Opened Flat At 64.58 Per Dollar On Friday

The Indian rupee opened flat at 64.58 per dollar on Friday versus previous close 64.58.

Bhaskar Panda of HDFC Bank said, "The dollar had lost some sheen yesterday after FOMC minutes cautious about inflation. 

In Indian markets, the rupee gained on the hopes of a favourable S&P decision after Moody's upgraded India ratings."

"Expect USD-INR pair to trade within a range of 64.50-64.70 today with a further appreciation bias."

Asian markets were mixed, following a relatively quiet overnight trading session as U.S. markets had been closed for the Thanksgiving holiday.

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The Market Breadth Was Positive As 641 Shares Advanced

Frontline indices began on a positive note, with the Nifty opening above 10,350-mark. Midcap index was trading at a record high, but at par with the benchmarks.

The Sensex was up 70.74 points at 33658.82, while the Nifty is up 23.00 points at 10371.80. The market breadth was positive as 641 shares advanced, against a decline of 227 shares, while 33 shares were unchanged.

Bajaj Auto, Cipla and Bharti Infratel gained the most on both indices, while HUL, Asian Paints, Zee Entertainment and HPCL were the top losers.

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Thursday, 23 November 2017

Nifty Above 10,350 Amid Consolidation; Midcap Gains Atrength

The 30-share BSE Sensex was up 39.85 points at 33,601.40 and the 50-share NSE Nifty rose 15.90 points to 10,358.20.

The Nifty Midcap index gained 0.4 percent and the BSE Smallcap rose nearly a percent. About two shares advanced for every share falling on the BSE.

The bank approved allotting over 5.49 crore shares to qualified institutional buyers at issue price of Rs 23.22 per share, it had said in a regulatory filing.

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Equity Benchmarks Opened Mildly Higher On Thursday But Immediately Erased

Equity benchmarks opened mildly higher on Thursday but immediately erased those gains to trade flat. Investors closely watch crude oil prices movement and other global cues due to lack of domestic cues.

The 30-share BSE Sensex was down 23.63 points at 33,537.92 and the 50-share NSE Nifty fell 4.80 points to 10,337.50.

About 719 shares advanced against 409 declining shares on the BSE. Bharti Airtel, Bosch, Bharti Infratel, Infosys and Power Grid were early gainers. Dr Reddy's Labs, UltraTech Cement, Asian Paints, Zee Entertainment and Axis Bank were early losers.

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Wednesday, 22 November 2017

The Rupee Climbed 7 Paise To 64.81 Against The US Currency Today

The rupee climbed 7 paise to 64.81 against the US currency today, spurred by positive equities. Banks and exporters chose to kept an arm's length from the dollar.

Stock markets continued to show strength that bolstered rupee sentiment, currency traders said. However, the dollar's clout overseas weighed heavy on the domestic unit.

Yesterday, the rupee had gained 22 paise to end at a two-week high of 64.89 against the dollar, cashing in on positive sentiment after Moody's upgrade of India's credit rating.

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Equity Benchmarks Were Off Their Opening Highs In Morning, Weighed By Metals

Equity benchmarks were off their opening highs in morning, weighed by metals, pharma and banks stoEquity benchmarks were off their opening highs in morning, weighed by metals, pharma and banks stocks. Profit booking could be actual reason as the market rallied since last Thursday.

The 30-share BSE Sensex was up 17 points at 33,495.35 and the 502-share NSE Nifty fell 9.70 points to 10,317.20.

Reliance Industries, Bajaj Finance, IOC, Vedanta, Bharti Infratel, Axis Bank, Yes Bank, Tech Mahindra and HPCL were under pressure.cks. Profit booking could be actual reason as the market rallied since last Thursday.

The 30-share BSE Sensex was up 17 points at 33,495.35 and the 502-share NSE Nifty fell 9.70 points to 10,317.20.

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Tuesday, 21 November 2017

The Rupee Firmed Up 8 Paise To 65.02 Against The Dollar Today

The rupee firmed up 8 paise to 65.02 against the dollar today, set off by fresh selling of the US currency by exporters and banks.

The local unit received some good support from higher domestic equities. But a strong dollar overseas kept the rupee in check.

Yesterday, the rupee had retreated from its near one-week high and ended lower by 10 paise at 65.11 in a restricted trade amid stray dollar demand.

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Mahindra & Mahindra, One Of India's Oldest Vehicle Manufacturers

Mahindra & Mahindra, one of India's oldest vehicle manufacturers, is testing autonomous tractors, trucks and cars, while moving closer to bringing electric vehicles to the United States, Chairman Anand Mahindra said.

The company, which opened a new North American headquarters north of Detroit on Monday, is considering when to begin US sales of the vehicles, Anand Mahindra said in an interview.

It is also weighing whether the vehicles should carry the Mahindra brand or those of its affiliates Pininfarina, the famed Italian design house; and Ssangyong Motor Co , a Korean manufacturer of utility and crossover vehicles, he added.

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Monday, 20 November 2017

SEBI Begin Crackdown On Penny Stock Firms In PMO-Led Push

The SEBI, on the other hand, is drawing up stringent rules for companies prone to price manipulation and widening the scope of Graded Surveillance Measures.

Graded Surveillance Measures are applied to securities which witness an abnormal price rise not commensurate with financial health and fundamentals.

These measures, aimed at enhancing market integrity, include reduction in price band, periodic call auction and transfer of securities to Trade to Trade category from time to time.

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Glenmark Pharmaceuticals Has Received Final Approval From The US

Glenmark Pharmaceuticals has received final approval from the US health regulator for generic version of Loestrin tablets used to prevent pregnancy.

"Glenmark Pharmaceuticals USA has been granted final approval by the US Food and Drug Administration for Hailey 24 Fe (Norethindrone Acetate and Ethinyl Estradiol tablets, USP and Ferrous Fumarate tablets), 1 mg/20 mcg, the generic version of Loestrin 1 24 Fe tablets, of Allergan Pharmaceuticals," the company said in a filing.

The 30-share BSE Sensex was down 30.71 points at 33,312.09 and the 50-share NSE Nifty declined 15.80 points to 10,267.80.

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Friday, 17 November 2017

Just Dial Shares Gained 4.5 Percent As Nomura Has Maintained Its Buy Rating

Just Dial shares gained 4.5 percent as Nomura has maintained its buy rating on the stock with increased target price at Rs 635 from Rs 590 per share.

Just Dial remains the most cost-effective SME advertising platform in India, with scope for coverage expansion in tier 2/3 cities, the research house said while expecting an EPS to grow at CAGR of 19 percent over FY17-20 and revenue CAGR of 10 percent over FY17-19

Improved traffic growth trends, stable realisations and operational efficiencies are key positives, it feels.

Nomura said the company has now renewed focus on its core search business, but competition from Google or vertical players is an issue.

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Share Price Of Bank Of Baroda Surged 5 Percent In Morning

Share price of Bank of Baroda surged 5 percent in morning as the company is planning to raise Rs 6000 crore.

The meeting of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and approve raising of equity fund, as per company release.

The equity fund can be raised through qualified institutions placement, and/or rights issue for size and amount as may be decided, within overall approval of the board of raising equity capital up to Rs 6000 crore, it added.

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Thursday, 16 November 2017

Benchmark Indices Extended Gains In Morning, With The Sensex Inching Towards 33,000 Level

Benchmark indices extended gains in morning, with the Sensex inching towards 33,000 level. It was backed by Reliance Industries (up 1.86 percent), ICICI Bank (1 percent), Infosys (1 percent), Tata Motors (1.1 percent) and L&T (0.6 percent).

The 30-share BSE Sensex was up 186.17 points at 32,946.61 and the 50-share NSE Nifty rose 49.30 points to 10,167.30.

The market breadth was strong as about two shares advanced for every share falling on the BSE.

Shares of NCC rose nearly 4 percent in morning as global research firm Macquarie has maintained outperform rating with a target Rs 125 per share.

The research house expects strong revenue growth in FY19, which will lead by strong execution.

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The Rupee Came Under Pressure Against The Dollar Today Slipping 11 Paise To 65.32

The rupee came under pressure against the dollar today slipping 11 paise to 65.32 after upbeat economic data bolstered prospects of a US interest rate increase next month and beyond.

A higher interest regime pulls investors looking for more returns away from emerging markets assets that are considered risky. The American unit strengthened overseas, too.

Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas put pressure on the rupee.

Yesterday, the rupee had rebounded 21 paise to close at 65.21 against the US currency, ending its two-day slide on fresh bouts of dollar selling even as trade deficit widened alarmingly to a three-year high.

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Wednesday, 15 November 2017

Demonetisation Exclusive: How Crores Of Undisclosed Cash Moved Into Lakhs Of Bank Accounts

Nearly 18 lakh companies and individuals are under the government’s scanner for depositing unaccounted cash soon after Prime Minister Narendra Modi announced “demonetisation”, banning Rs 500 and Rs 1000 notes from November 8, 2016.

These individuals and companies had disclosed income in their tax returns far lower than the cash deposits during 50 days ending December 30, 2016 that the government had given to people to deposit the outlawed notes.

Hundreds of bullion traders, property dealers, civil contractors, shell companies, petrol pump owners and cooperative societies moved thousands of crores into multiple bank accounts during November 8, 2016 to December 30, 2016 to obscure the trail of slush funds.

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The Rupee Edged Up 8 Paise To 65.34 Against The Dollar In Morning Today

The rupee edged up 8 paise to 65.34 against the dollar in morning today on fresh selling of the US currency by exporters.

Forex dealers said fresh inflow of foreign funds and weakness in the dollar against other currencies overseas supported the rupee.

However, a lower opening of domestic equities and a widening trade deficit to almost a three-year high capped the gains.

Yesterday, the rupee had ended flat to close at 65.42 against the US currency due to fag-end demand for the greenback amid ballooning trade deficit.

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Tuesday, 14 November 2017

Bharti Airtel Via Its Wholly Owned Subsidiary, Nettle Infrastructure

Bharti Airtel via its wholly owned subsidiary, Nettle Infrastructure Investments Limited today announced the successful divestment of 8.3 crore shares of its subsidiary Bharti Infratel through a secondary share sale in the stock market.

The sale was for a total consideration of over Rs 3,325 crore and was executed at a price of Rs 400.6 per share, representing a discount of 3.6 percent to the previous day’s closing price.

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Sun Pharmaceutical Industries Second Quarter Profit Is Expected To Fall

Sun Pharmaceutical Industries' second quarter profit is expected to fall sharply by 64 percent year-on-year to Rs 802 crore due to lower revenue as well as operating income.

Revenue during the quarter is seen declining 17 percent to Rs 6,861 crore compared with Rs 8,265 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

EBITDA (earnings before interest, tax, depreciation and amortisation) is likely to fall 57 percent to Rs 1,357.4 crore and margin may shrink 1830 basis points to 20 percent YoY.

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Monday, 13 November 2017

The Sensex Was Down 119.26 Points At 33195.30, And The Nifty Was Down 49.40 Points

The Sensex was down 119.26 points at 33195.30, and the Nifty was down 49.40 points at 10272.40. About 1106 shares have advanced, 1187 shares declined, and 103 shares are unchanged.

M&M, SBI, TCS, Axis Bank, HUL, Tech Mahindra and Axis Bank are the top gainers on the indices, while top losers include Coal India, L&T, ONGC, Cipla, HDFC, Aurobindo Pharma and BPCL.

L&T has maintained its full year revenue growth guidance of 12 percent but won't be meeting order inflow guidance 12-14 percent, R Shankar Raman, CFO said while addressing press conference.

But, he further said total order inflows may be the same as last year or may be a bit above.

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Asian Shares Wavered In Early Trade After US Stocks Closed Mostly

Asian shares wavered in early trade after US stocks closed mostly lower on Friday. The Nikkei 225 fell 0.72 percent, with trading houses, financials and retailers mostly lower. Energy-related stocks, however, were mixed against the broadly declining index: Fuji Oil Holding rose 1.15 percent while Inpex slid 1.52 percent.

Meanwhile, major U.S. stock indexes closed mostly lower on Friday as they snapped multi-week winning streaks while some of the largest tech stocks pulled back. 

The Dow Jones industrial average fell 39.73 points to close at 23,422.21, with Intel and Merck as the biggest decliners. But a 3 percent gain in Disney shares capped losses in the 30-stock index.

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Friday, 10 November 2017

Bank Of India's Second Quarter Earnings Beat Analyst Expectations

Bank of India's second quarter earnings beat analyst expectations, and even the asset quality improved, but the loan growth was tepid.

Profit for the quarter stood at Rs 179.1 crore, which was higher compared with Rs 126.8 crore in year-ago despite lower other income and operating income. It was driven by net interest income, lower provisions and improvement in asset quality.

Net interest income, the difference between interest earned and interest expended, grew by 6.9 percent year-on-year to Rs 2,908 crore for quarter ended September 2017, with slow loan growth.

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The BSE Sensex Recouped Its Early Losses To Trade Flat In Late Morning

The BSE Sensex recouped its early losses to trade flat in late morning deals while the NSE Nifty reclaimed 10,300-mark. The broader markets outperformed, with the Nifty Midcap rising 0.3 percent.

Investors await SBI Q2 earnings and GST meet outcome later today.

At 11:28 hrs IST, the 30-share BSE Sensex was up 12.24 points at 33,263.17 and the 50-share NSE Nifty rose 0.90 points to 10,309.90.

Aurobindo Pharma fell 4 percent and Tata Motors was down 3 percent, even as Q2 earnings were better-than-expected. L&T was biggest gainer, up nearly 4% on winning order worth Rs 4,023 crore.

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Thursday, 9 November 2017

Benchmark Indices Continued To Trade Higher Amid Consolidation In Morning

Benchmark indices continued to trade higher amid consolidation in morning, backed by Reliance Industries, HUL, Tata Motors, SBI and ICICI Bank. HDFC and ITC, however, capped gains.

The 30-share BSE Sensex was up 99.12 points at 33,317.93 and the 50-share NSE Nifty gained 35.10 points at 10,338.30.

The broader markets continued to outperform benchmarks as the Nifty Midcap gained 0.8 percent on strong breadth. About three shares advanced for every share falling on the BSE.

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The Rupee Advanced By 7 Paise To 64.87 Against The Dollar At The Interbank Forex

The rupee advanced by 7 paise to 64.87 against the dollar at the interbank forex market today on increased selling of the US currency by exporters and banks.

A weak dollar against other currencies overseas supported the rupee gains.

Stocks markets opening with gains also bolstered the domestic currency, a dealer said.

Yesterday, the rupee had staged a mild recovery after a two-session fall and ended higher by 7 paise at 64.96 against the US currency.

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Wednesday, 8 November 2017

Share Price Of Adani Power Rose Nearly 4 Percent In Morning As It Has Signed Power

Share price of Adani Power rose nearly 4 percent in morning as it has signed power purchase agreement with Bangladesh Power Development board.

The company's wholly owned subsidiary Adani Power has signed a long term power purchase agreement for net capacity of 1496 MW with Bangladesh Power Development board for 25 years.

The power supply under the PPA will be made from a new 1600 MW ultra supercritical, coal based power plant to be set up by Adani Power at Godda, Jharkhand.

The board of directors will meet on November 11, to consider and approve the unaudited financial results for the quarter and six month ended September 30, 2017.

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Nifty Hovers Around 10,350, Sensex Flat; Airtel, Lupin Most Active

Equity benchmarks continued to consolidate in morning, with the Nifty hovering around 10,350 level. 

Banks, oil & gas stocks and Airtel remained under pressure while FMCG, pharma stocks, HDFC and Axis Bank capped losses.

The 30-share BSE Sensex was up 5.98 points at 33,376.74 and the 50-share NSE Nifty fell 2.70 points to 10,347.50. The broader markets also turned flat despite positive breadth.

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Tuesday, 7 November 2017

The Rupee Fell By 14 Paise To Trade At 64.81 Against The Dollar

The rupee fell by 14 paise to trade at 64.81 against the dollar in late morning deals, following correction in equity market.

The Sensex was down 87.81 points at 33,643.38 and the Nifty declined 30.60 points to 10,421.20.

Yesterday, the rupee had slipped from the six-week high level to close at 64.68 a dollar, down 13 paise on fresh demand for the American currency from banks and importers.

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Cipla Q2 Profit Seen Up 17%; Export Formulations Business May Grow Around 10%

Pharma firm Cipla's second quarter profit is likely to increase 17 percent to Rs 414.7 crore compared with Rs 354.3 crore in year-ago.

Revenue during the quarter is seen rising 7 percent to Rs 4,008.8 crore from Rs 3,751 crore YoY, according to average of estimates of analysts polled by CNBC-TV18.

Revenue growth may be driven by recovery in India & Invagen portfolio in US. Export formulations business is likely to grow around 10 percent YoY.

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Monday, 6 November 2017

Reliance Communications' Share Price Fell Nearly 6 Percent

Reliance Communications' share price fell nearly 6 percent after the loss-making telecom operator said it would shut down voice call service from December 1 and its customers can move to other networks by the end of the year.

Equity benchmarks recovered losses in last morning deals, backed by banks, FMCG and auto stocks.

The 30-share BSE Sensex was up 19.86 points at 33,705.42 and the 50-share NSE Nifty fell 3.10 points to 10,449.40.

About 1,360 shares advanced against 1,018 declining shares on the BSE.

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The Rupee Dropped By 18 Paise To 64.72 Against The Dollar

The rupee dropped by 18 paise to 64.72 against the dollar at the interbank forex market today amid fresh foreign fund outflows.

Traders said fresh demand for the US currency from importers and a lower opening of the domestic equity market weighed on the rupee.

The dollar's weakness against some currencies overseas, however, restricted the rupee fall, they added.

Foreign investors pulled out around Rs 9,690.84 crore from equity markets on Friday.

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Friday, 3 November 2017

Benchmark Indices Were Mildly Higher Amid Consolidation In Morning

Benchmark indices were mildly higher amid consolidation in morning, as investors await more corporate earnings. Tata Motors, SBI and other PSU companies are yet to announce its second quarter earnings.

The 30-share BSE Sensex was up 58.46 points at 33,631.68 and the 50-share NSE Nifty rose 16 points to 10,439.80.

The Nifty Midcap index gained 0.2 percent and Smallcap was up 0.5 percent. About three shares advanced for every two shares falling on the NSE.

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Bharat Forge Share Price Touched A Fresh Record High

Bharat Forge share price touched a fresh record high of Rs 722, rising 3.75 percent intraday Friday, following sharp improvement in North America class 8 truck orders.

The improvement in truck orders has been continued for the fifth consecutive month in September.

At 10:20 hours IST, the stock price was quoting at Rs 710.90, up Rs 15.05, or 2.16 percent on the BSE.

FTR in its release said preliminary North American Class 8 net orders for October stood at 35,700 units, continuing month-on-month increase of 62 percent versus September and 167 percent above a year ago.

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Thursday, 2 November 2017

SBI's Interest Rates Will Now Be The Lowest In The Industry Below All Its Peers

State Bank of India, country's largest bank has given another boost to borrowers offering home loans starting at 8.30 percent and auto loans at 8.70 percent.

In a major filip to push retail loans, SBI's interest rates will now be the lowest in the industry below all its peers.

Shares of NTPC lost over 2 percent as investors turned cautious following a boiler blast at one of its plant that killed 20 people.

A massive explosion ripped a boiler in the state-run power giant NTPC's Unchahar plant in Uttar Pradesh's Rae Bareli district on Wednesday, killing at least twenty persons while scores suffered severe burn injuries, officials said.

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The Rupee Advanced 2 Paise To 64.57 Against The Dollar Today

The rupee advanced 2 paise to 64.57 against the dollar today as the US Federal Reserve held off on rates and kept the window open for a December hike.

Banks and exporters kept to dollar selling.

The dollar's reduced clout overseas amid uncertainty about prospects of US tax cuts and domestic stock markets opening high were instrumental in the rupee's rise, traders said.

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Wednesday, 1 November 2017

Equity Benchmarks Extended Gains In Morning

Equity benchmarks extended gains in morning, with the Sensex rising more than 300 points after World Bank raised India ranking on ease of doing business. Investors also looked for more corporate earnings, auto sales data, and the outcome of FOMC meet due tonight.

The 30-share BSE Sensex rallied 333.62 points or 1 percent to 33,546.75 and the 50-share NSE Nifty rose 92.90 points or 0.90 percent to 10,428.20.

About three shares advanced for every share falling on the BSE. The BSE Midcap index was up 0.7 percent and Smallcap rallied 0.9 percent.

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Nifty Heading Towards 10,500 In Nov Series; 5 Stocks Which Could Give Returns Up To 17%

The overall derivative data indicates long rollover in the November series with most of the Nifty futures positions rolled with the average of 10,250 futures. The data indicates bullish scenario to continue with Nifty holding multiple strong supports at lower levels.

The major supports are placed at 10,250 and 10,200 spot levels. We can see some bit of short covering on every dip as bulls are very active in this series as well.

In the November option contracts, we are seeing options open interest building up in 10,500 calls and 10,200 puts, so the probable range for the expiry could be 10,000-10,500 with a positive bias.



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