INDIAN BENCHMARKS 19-Oct-15

INDIAN BENCHMARKS  are likely to start the session on a positive note as the global cues look supportive with SGX Nifty trading 15 points higher. 

Headlines for the day:

• Sep WPI In-line with Estimates
• Positive surprise on industrial output data
• Infosys drops post Q2 nos as guidance downgrade hurts sentiments 
• TCS consolidated net profit at Rs6085 cr; revenue misses expectations 
• RIL Q2 profits beat estimates; GRM at $10.6/bbl

Trend in FII flows: The FIIs were net  buyers of Rs   436.79 Cr in the cash segment on  Friday while the DIIs were net sellers of Rs   -102.49 Cr, as per the provisional figures released by the NSE.

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CS OPENING BELL 19-Oct-15

CS OPENING BELL:

NIFTY SPOT UP 15@8252

SENSEX UP 72@27287

BANK NIFTY FUTURES DOWN 22@17962

CS NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES2:8315

RES 1:8275     

SUP1:8205

SUP2:8175

CS BANK NIFTY FUTURES (OCTOBER) OVERVIEW

TREND MIXED TO BULLISH

RES 2:18125

RES 1: 18050

SUP1: 17850

SUP2: 17755

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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.