Daily Equity Report 21-Oct-15

INDIAN FACE

1. INDIAN EQUITY BENCHMARK ended in negative terrain snapping three-day gain, led by selling in frontline blue chip counters, tracking a subdued trend in fellow Asian stocks as uncertainty remained over China with the world’s second biggest economy slumping to its lowest growth in more than six years last quarter, souring risk taking appetite.

2. Gati shed 7.03%, after consolidated net profit fell 16.45% to Rs5.79 crore on 1.73% decline in total income to Rs407.72 crore in Q2 September 2015 over Q2 September 2014.

3. Rane Brake Lining rose 2.76%, after net profit surged 123.6% to Rs3.89 crore on 9.4% rise in net sales to Rs109.22 crore in Q2 September 2015 over Q2 September 2014.

GLOBAL FACE

1. Asian equities fell across the board after commodity prices languished in the wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting.

2. European shares fell for the first time in four days and the euro kicked away from a 10-day low as solid euro zone bank lending data cooled expectations of another jolt of European Central Bank stimulus this week.

3. US stock index futures poised for a lower opening at the Wall Street on Tuesday.

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