Capitalstars

Monday 6 November 2017

Capitalstars Updates | Mkts may open lower; SGX Nifty down 60 pts: 6 Nov 2017

Mkts may open lower; SGX Nifty down 60 pts;

Capitalstars Updates : Equity Market Outlook

Indian Indices:

Indian benchmark indices are likely to open lower on Monday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Reliance Nippon AMC to be in focus today.. SGX Nifty is trading at 60 points down Stock benchmarks Sensex and Nifty on Friday scaled new all-time peaks, riding on more capital inflows and positive PMI data.

The key domestic benchmark indices closed at record highs on Friday, led by rally in capital goods and financial stocks, while pharma and energy stocks witnessed profit booking as investors took some breather after a prolonged rally.Wall Street closed higher on Friday on the back of strong results at Apple while a mixed jobs report for October capped gains. US payrolls data showed the US economy added 261,000 jobs in October and the unemployment rate was 4.1%.

The domestic equity market is likely to witness a negative opening today tracking mixed cues from the global peers The company’s

IPO which opened for subscription from October 25 to October 27,

2017 was oversubscribed by 81.54 times. On the stock front,

shares of state owned. Union Bank of India will

remain in focus as the bank reported loss of Rs 1,530.72 crore for

the quarter ended September 30 mainly due to rise in bad loans.

Further, the Goods & Services Tax (GST) Council headed by finance minister Arun Jaitley will meet in Guwahati, Assam on Thursday

and Friday this week to consider lowering of the 28% GST rate on certain common use items and weak Nifty futures on the Singapore stock exchange.

Global Market:

· U.S. stocks capped the longest string of weekly gains since 2013 as Apple Inc. results and strong services sector data added to optimism in the economy.
· Asian indexes edged down on Monday as investors digested earnings reports and President Donald Trump's tour of the region got underway.· No Key data to watch in US. European shares crept higher on Friday om account of earnings from French bank and Dutch telecoms group

Major Headlines of the day:

· Selan Exploration
o Selan Exploration Technology Q2 (YoY)

o   Net profit up 97 percent at Rs 4.6 crore
o   Margin at 33.6 percent from 18.3 percent
o   Revenue up 42 percent at Rs 17 crore
o   Glenmark

·        Motilal Oswal Financial Service
o   Motilal Oswal Financial Services Q2 (YoY)
o   Net profit up 42 percent at Rs 143.8 crore
o   Revenue up 40 percent at Rs 704.5 crore
·        Titan

o   Titan Q2 (YoY)
o   Net profit up 68 percent at Rs 284 crore
o   Revenue up 29.6 percent at Rs 3473 crore
o   Margin at 11.45 percent from 9.85 percent

Trend in FII flows: The FIIs were Net Value of Rs -9690.84 the cash segment on Friday while the DIIs were Net Value of Rs 33.40 as per the provisional figures.

UPCOMING-RESULTS:-

MOTILAL OSWAL, CENTURYTEX, INDIANB, HUDCO, KEC, JUSTDIAL, REC, TORRENT POWER

Securities in Ban For Trade Date 06-NOV-2017:

1.HDIL

2.IBREALEST

3.JSWENERGY

4.RCOM

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