Indian Indices:
Indian benchmark indices are likely to open higher on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global peers. Markets across Asia were trading mostly higher after the Wall Street ended at record high in overnight trade led by rally in energy stocks.
SGX Nifty is trading at 10516 up by 36 points Equity Benchmark had a dull day on Monday as they ended mixed after hitting fresh record highs intraday, and following tepid global cues. Investors continued to focus on corporate earnings and crude oil price movement.
Global Market:
• US stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would bolster earnings
• Asian shares touched their highest in a decade on Tuesday, while oil prices edged down after surging to a more than two-year peak as Saudi Arabia's crown prince cracked down on corruption.
• 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:
• Torrent Power announces strong set of performance for Q2FY2018
o Revenue up 9 percent at Rs 2915 crore
o Net profit up 125 percent at Rs 317.6 crore
o EBITDA up 27 percent at Rs 838 crore
o Margin at 28.7 percent versus 24.6 percent
• NRB Bearings announces strong set of numbers for Q2FY2018
o Revenue up 16 percent at Rs 208 crore
o Net profit up 24 percent at Rs 21 crore
o EBITDA up 18.5 percent at Rs 41.7 crore
o Margin at 20 percent versus 19.6 percent
• Gulf Oil Lubricants announces strong set of numbers. Revenue up 22.3 percent at Rs 323 crore. Net profit up 37.9 percent at Rs 40 crore. EBITDA up 40.9 percent at Rs 62 crore. Margin at 19.2 percent versus 16.67 percent.
Trend in FII flows: The FIIs were Net Value of Rs 576.27 the cash segment on Monday while the DIIs were Net Value of Rs -263.84 as per the provisional figures.
UPCOMING-RESULTS:-
ALEMBIC PHARMA, BHEL, CIPLA, CASTROL IND, DALMIA BHARAT, FUTURE RETAIL, IOB, JYOTHYLAB, VIP, MAJESCO, TATACOFFEE, BALRAMPUR CHINI, HFCL, TATAINVEST, PRISMCEM
Securities in Ban For Trade Date 07-NOV-2017:
1.DHFL
2.HDIL
3.IBREALEST
4.INFIBEAM
5.JSWENERGY
6.RCOM
7.WOCKPHARMA
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