Nifty 8583 /Sensex 27673/ Bank Nifty 19020
29 Advances /22 Declines/ 0 Unchanged
“Sensex, Nifty end flat; Infosys & HUL fall 2%, TCS & RIL up 2%”
Benchmark indices continued to consolidate in afternoon trade with the Nifty trading in a 8570-8600 range while the broader markets remained out performance.
The market has ended with marginal gains. The Sensex closed up 30.49 points or 0.1 percent at 27673.60 and the Nifty up 10.05 points or 0.1 percent at 8583.40. About 1722 shares have advanced, 1079 shares declined, and 180 shares are unchanged.
Infosys, HUL, HDFC, Lupin and Wipro were major losers while GAIL, L&T, Reliance and TCS were gainers in the Sensex.
Global Economy week ahead: ECB rate meet, Chinese GDP in focus:
China will also be in spotlight in the coming week, reporting third quarter GDP figures on Wednesday, with data likely showing steady growth at 6.7 percent, as increased budget spending and a property boom offset stubbornly weak exports.
FII/FPI trading activity on NSE, BSE and MSEI on capital market segment:
*The following is combined FII/FPI trading data across NSE, BSE and MSEI collated on the basis of trades executed by FIIs/FPIs
FII/FPI trading activity on NSE,BSE and MSEI in capital market segment(In Rs. Crores)
Category:FII/FBI Date:14-oct- Buy Value:3983.06 Sell Value : 4929.48 Net Value:-946.42
*Domestic Institutional Investors trading activity on NSE, BSE and MSEI on capital market segment
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
CategoryDII Date:14-oct Buy Value:2837.8 Sell Value :2280.9 Net Value:556.9
KEY Results Highlights
*NIIT Tech Q2 net at Rs 59 cr, India business declines 7.2%
Strong growth in western geographies with traction in both key verticals of BFSI and travel and transportation resulted in 4.6 percent growth in the US with revenue share of 49 percent and 7.9 percent sequential growth in EMEA with revenue share of 33 percent to total revenues.
NIIT Tech has posted consolidated net profit of Rs 58.9 crore in July-September from Rs 28.6 crore in last quarter. During the quarter, its consolidated total income was at Rs 693 crore from Rs 671 crore quarter-on-quarter.
Its operating profits increased by 12.8 percent sequentially to Rs 114.5 crore and profit after tax stood at Rs 58.9 crore.
Strong growth in western geographies with traction in both key verticals of BFSI and travel and transportation resulted in 4.6 percent growth in the US with revenue share of 49 percent and 7.9 percent sequential growth in EMEA with revenue share of 33 percent to total revenues.
*Infosys Q2 profit up 5%; cuts FY17 revenue guidance to 8-9%:
IT solutions provider Infosys ' profit beat analysts' expectations, rising 4.9 percent to Rs 3,606 crore in July-September quarter but reduced full year revenue guidance considerably due to uncertain external environment.
Rupee revenue rose 3.14 percent to Rs 17,310 crore and dollar revenue was up 3.4 percent at USD 2,587 million on sequential basis, which were slightly ahead of estimates.
*The country's second largest IT company slashed its revenue guidance for FY17 to 8-9 percent from 10.5-12 percent earlier in constant currency terms after considering performance of H2FY17 and near-term uncertain business outlook.
“WPI inflation slows to 3.57% as vegetable prices soften”
Wholesale Price Index (WPI) inflation in vegetables witnessed deflationary pressures and was recorded at (-)10.91 percent in September. Inflation in this category had scaled a high of 28.45 percent in July.
Wholesale inflation eased to 3.57 percent in September as food articles, led by vegetables, witnessed softening of prices.
The wholesale price-based inflation, reflecting the annual rate of price rise, in August stood at 3.74 percent. In September 2015, WPI inflation was (-)4.59 percent.
Now what to expect next??
Nifty and Bank Nifty Future levels
Nifty has immediate support at 8550 and resistance is at 8680.
A move and sustain below 8550 will take to 8480---8420 and then to 8350 mark else it could test it's resistance level of 8680 again.
Further upside rally will see only close above 8680.
On the other hand, Bank Nifty has immediate support at 18850 and hurdle is intact at 19300.
Break and sustain below 18850 will take it to 18450---18200 else could test it resistance level of 19300 again.
Trade with levels only
Today's Top Pick
DHFL.... Hurdle at 305. Break and close above 305 will take to 312---318+ mark.
Stop loss below 298( If it breach 305)
More will update soon!!
