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Tuesday, November 21, 2017

Market Update: Maruti, United Spirits hit new 52-week high; Tech Mahindra up 2%; L&T Finance falls 3%

Tech Mahindra was up over 2 percent while Reliance Industries gained 1.6 percent. Tata Steel, Aani Ports and Cipla were the other top Nifty gainers.

The Indian benchmark indices on Tuesday morning were trading on a positive note with the Nifty up 33 points or 0.34 percent while the Sensex gained 124 points at 33484.

The midcap index was up 0.33 percent led by stocks like Mcleod Russel, Hindustan Zinc and IRB Infra. STOCK MARKET FREE TIPS

Bank Nifty was trading on a positive note guided by Yes Bank, Punjab National Bank and HDFC Bank.

Oberoi Realty from the real estate space jumped over 2 percent followed by Prestige Estates and Indiabulls Real Estate.

From the Nifty, the stocks that gained the most were Tech Mahindra which was up over 2 percent while Reliance Industries gained 1.6 percent. Tata Steel, Aani Ports and Cipla were the other top gainers.

The most active stocks were L&T Finance Holdings which dived over 3 percent followed by Jet Airways, RIL, Venkys and State Bank of India.

The top losers were Larsen & Toubro which fell over 1 percent while Power Grid, ONGC, BPCL and Coal India were the other losers.

From the BSE, the stocks that gained the most included Rattan India which jumped 6.7 percent. Network18, Bombay Dyeing, Mcleod Russel and NCC were the other top Sensex gainers.

The stocks that hit new 52-week high on NSE included Maruti Suzuki, Kolte Patil, GATI, United Spirits, Proctor & Gamble, Tata Global, TV18 Broadcast and Voltas among others.

From the BSE, the stocks that hit fresh 52-week high were Maruti Suzuki, Eldeco, Pfizer, Venkys, Tata Metaliks and Nucleus Software among others.

The market breadth was in favour of the advances on Tuesday morning with 1120 stocks advancing as against 421 declines. On the other hand, 1332 stocks advanced and 493 stocks declined on the BSE.

Global research firm Goldman Sachs has maintained a buy on Reliance Industries and has hiked the price target to Rs 1,205 from Rs 960. It expects operating income to double to USD 14 billion in the financial year ending March 2020.

Technical Analyst Sudarshan Sukhani of s2analytics.com is of the view that there is more upside in Tata Global Beverage, but this is not a trading stock. You really want to buy it and hold it for some time, may be a few months, he said.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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Tuesday, November 14, 2017

Madhucon Projects, Jindal Poly Films, TNPL slip 3-8% on poor Q2 numbers

Tamil Nadu Newsprint (TNPL) has reported loss of Rs 13 crore in the quarter ended September against profit of Rs 70.5 crore, in the same quarter last fiscal.

Shares of Madhucon Projects, Jindal Poly Films and Tamil Nadu Newsprint were down 3-8 percent intraday Tuesday on the back of poor Q2 (July-September) numbers.

Madhucon Projects has recorded 64 percent fall in its Q2 net profit at RS 3.3 crore and revenue was down 14 percent at Rs 118 crore. Intraday stock free tips
Its operating profit (EBITDA) was down 15 percent at Rs 31.4 crore and margin was down 30 bps at 26.6 percent.

Jindal Poly Films' Q2 net profit declined 40 percent at Rs 41.2 crore and revenue was down 2 percent at Rs 1,807 crore.

EBITDA was flat at Rs 162.6 crore, while margin was up 20 bps at 9 percent.

Tamil Nadu Newsprint (TNPL) has reported loss of Rs 13 crore in the quarter ended September against profit of Rs 70.5 crore, in the same quarter last fiscal.

The revenue of the company was down 21 percent at Rs 536 crore.

EBITDA fell 61 percent at Rs 67.8 crore and margin was down 1330 bps at 12.6 percent.

At 09:36 hrs Madhucon Projects was quoting at Rs 31.75, down 7.84 percent, Jindal Poly Films was quoting at Rs 390.75, down 2.48 percent and Tamil Nadu Newsprint and Papers was quoting at Rs 337.25, down 2.19 percent on the BSE.
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Monday, November 13, 2017

Market Update: SBI, TCS, M&M top Nifty gainers; Axis Bank, HUL hit new 52-week high

State Bank of India which was up close to 3 percent while Mahindra & Mahindra was up 2.32 percent. Tech Mahindra, Tata Consultancy Services and Axis Bank were the other top Nifty gainers.

The Indian benchmark indices on Monday morning were trading on a negative note with the Nifty down 34.20 points or 0.33 percent while the Sensex shed 74.40 points at 33240.

The Nifty midcap index was trading in the red, down 0.27 percent dragged by Ashok Leyland, Biocon, CG Power, India Cements, HPCL, Just Dial, Reliance Capital and Reliance Power.

Bank Nifty was the outperformer which added 0.21 percent led by State Bank of India which jumped over 2.5 percent followed by Bank of Baroda, Axis Bank and Federal Bank.

From the Nifty, the stocks that gained the most were State Bank of India which was up close to 3 percent while Mahindra & Mahindra was up 2.32 percent. Tech Mahindra, Tata Consultancy Services and Axis Bank were the other top gainers. Stock free tips

The most active stocks apart from SBI, Axis Bank and M&M included HDFC and Larsen & Toubro.

The top losers were Aurobindo Pharma which fell 3.75 percent followed by Larsen & Toubro which was down over 3 percent. BPCL, Coal India and ONGC were the other top losers.
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Tuesday, November 7, 2017

Soybean prices to trade sideways due to higher: Angel Commodities

According to Angel Commodities,Soybean futures are expected to trade sideways due to higher arrivals from new season crops. However, anticipation of good demand for the domestic oilseeds as government is going to hike import duty on edible oil and oilseeds

NCDEX Soybean Nov futures closed more than 2%, higher single  day fall in one month on Monday pressurize by new season arrivals Last week the prices have improved  due to  reports  that  government  may hike import duty  on edible oil  and oilseeds  which will enhance domestic oilseed demand. As per Agmarknet data, in the last week of October the arrivals of soybean in the country increased to 6.2 lt compared to 5 lt last.

Outlook
Soybean futures are expected to trade sideways due to higher arrivals from new season crops. However, anticipation of good demand for the domestic oilseeds as government is going to hike import duty on edible oil and oilseeds. There are reports that government is expected reimburse farmers on Madhya Pradesh if soybean is sold below MSP.
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