Daily Equity Report and NEWS

Indian Face

1. INDIAN EQUITY BENCHMARK rebounded in late trades on Friday to end at their highest levels in eight weeks, amid firm global cues, led by engineering major L&T and renewed buying interest in financials. In the broader market, BSE MidCap index gained 0.4% while SmallCap ended flat with positive bias.
2. Nestle India rose 5.59% after the company said that tests in three separate laboratories conclude that Maggi Noodles are safe for consumption.
3. Radico Khaitan surged 5.55%, after the company said Reliance Mutual Fund bought an additional stake in the company through open market

GLOBAL FACE

1. Asian shares rose after upbeat U.S. price and jobless claims data eased recent concerns over the U.S. economy, but trading activity was subdued as investors looked ahead to more catalysts.
2. European shares extended the previous session's rally on Friday, tracking strong gains on Wall Street and in Asia, as some U.S. data releases eased concerns about the pace of recovery in the world's biggest economy.
3. U.S. stock index futures poised for a lower opening at the Wall Street on Friday.

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INDIAN BENCHMARKS Reports 16-Oct-15

INDIAN BENCHMARKS  gain; post 3rd consecutive weekly gain

                                                                   

INDIAN EQUITY BENCHMARKS  recovered from mild falls to advance on Friday, posting their third consecutive weekly gain, as hopes for rising sales during the ongoing festive season lifted sectors such as auto makers, trumping earlier concerns about earnings. The S&P BSE Sensex and CNX Nifty ended 0.76% and 0.72% higher each.

Headlines for the day:

• Sintex NIIT Tech Q2 net profit down 29% (YoY)
• Edelweiss Financial Q2 consolidated net profit up 21% (YoY)
• V-guard Q2FY2016 result first cut: Bottomline grew 20%

The crucial resistance for Nifty is now seen at 8275 and above this 8315. Support for the immediate term is now placed at 8205 and next support will be 8175.

CS OPENING BELL 16-Oct-15

CS OPENING BELL:

NIFTY SPOT DOWN 10 @8167

SENSEX DOWN 37@26972

BANK NIFTY FUTURES DOWN 27@17711

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8255

RES 1:8210     

SUP1:8140

SUP2:8105

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:17975

RES 1: 17870

SUP1: 17625

SUP2: 17525

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INDIAN BENCHMARKS 16-Oct-15

INDIAN BENCHMARKS  are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 8 points lower.                                            

                                      

Headlines for the day:

• Sintex Inds Q2 consolidated net profit up 36% (YoY)
• LIC Hsg Q2FY16 - Positive surprise on core income growth
• DB Corp weak Q2 earnings

Trend in FII flows: The FIIs were net  buyers of Rs   291.73 Cr in the cash segment on  Thursday while the DIIs were net sellers of Rs   102.21 Cr, as per the provisional figures released by the NSE.


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