CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 31 OCT 2017

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CS NIFTY FUTURES (NOV) OVERVIEW
TREND BULLISH
RES2:10525
RES 1:10405
SUP1:10375
SUP2:10275

CS BANK NIFTY FUTURES (NOV) OVERVIEW
TREND BULLISH
RES 2:25325
RES 1:25275
SUP1:24915
SUP2: 24825


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Canara Bank net dips 27% in Q2

State-run Canara Bank on Friday reported Rs 260 crore net profit for the second quarter of fiscal 2017-18, registering 27 per cent decline from Rs 357 crore in the same period year ago.
Sequentially, however, net profit for Q2 is marginally up 3.2 per cent from Rs 252 crore quarter ago.
Operating profit for the quarter under review was 16 per cent up to Rs 2,480 crore from Rs 2,141 crore in like period year ago and flat sequentially from Rs 2,472 crore quarter ago.
Provisions excluding tax shot up 36 per cent annually to Rs 2,157 crore in Q2 from Rs 1,586 crore year ago though dipping 2.1 per cent sequentially from Rs 2,204 crore quarter ago.
Provisioning for NPAs alone increased 25 per cent in Q2 to Rs 1,950 crore from Rs 1,558 crore year ago but declined 14 per cent sequentially from Rs 2,270 crore last quarter.
Gross NPAs increased 17.5 per cent annually to Rs 39,164 crore in Q2 from Rs 33,315 crore year ago but 4 per cent sequentially from Rs 37,658 crore quarter ago.
Similarly, net NPAs grew 25 per cent annually to Rs 25,166 crore from Rs 21,887 crore year ago and 3.6 per cent sequentially from Rs 24,301 crore quarter ago.
Total income for Q2 at Rs 11,995 crore is 1.6 per cent less than Rs 12,187 crore in the same period year ago and 2.5 per cent less sequentially from Rs 12,304 crore quarter ago.
Net interest income at Rs 2,783 crore was up 14 per cent, while non-interest income grew 8.7 per cent to Rs 1,936 crore.
Global business reached Rs 8.55 lakh crore, up 5.33 per cent annually, with deposits at Rs 4.96 lakh crore, up 2.5 per cent and net advances at Rs 3.58 lakh crore, up 9.51 per cent.
Net interest margin (domestic) was 2.60 per cent and (global) 2.34 per cent.


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INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT AFTER A RANGEBOUND MOVEMENT

Some selling pressure in the final hour of trade took the indices lower and made them close flat on the first day of November series.
The Sensex closed down 1.32 points at 33145.81, while the Nifty ended lower by 23.50 points at 10320.30. The market breadth was narrow as 1,312 shares advanced against a decline of 1,293 shares, while 135 shares were unchanged.

Midcaps ended flat, but the major drags were banks, OMCs and metals.
Adani Ports, Sun Pharma and Bajaj Finance gained the most on both indices, while Bharti Airtel, SBI and Yes Bank were the top losers.

HEADLINES OF THE DAY
Cipla’s US subsidiary receives final approval for generic Renvela Tablets
Indian Oil Corporation Q2FY18 standalone net profit rises 18.4% yoy to Rs.3, 696 crore: Mixed Estimates
ITC Q2FY18 standalone net profit rises 5.6% yoy to Rs.2, 639.8 crore: 

The crucial resistance for Nifty spot is now seen at 10360 and above this 10521.Support for the immediate term is now placed at 10220 and next support will be 10140.

UPCOMING RESULTS: BHARATFIN, ONGC, HDFC, IDFC, KAJARIA, LICHSGFIN, MARICO, TATASTEEL, WOCKPHARMA, UPL, LUPIN

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TOP CORPORATE NEWS- 26 Oct 2017

Lupin gets USFDA nod for Kapvay tablets
Lupin announced that it has received final approval for its Clonidine Hydrochloride Extended-Release Tablets, 0.1 mg from the United States Food and Drug Administration (FDA) to market a generic version of Concordia Pharmaceuticals Inc.’s Kapvay Extended-Release Tablets 0.1 mg.

Lupin’s Clonidine Hydrochloride Extended-Release Tablets, 0.1 mg is the AB rated generic equivalent of Concordia Pharmaceuticals Inc.’s Kapvay Extended-Release Tablets 0.1 mg. It is indicated for the treatment of attention deficit hyperactivity disorder (ADHD) as monotherapy or as adjunctive therapy to stimulant medications.

Jubilant Foodworks Q2FY18 standalone net profit rises 124.5% yoy to Rs.48.5 crore
Jubilant Foodworks consolidated revenue for the quarter came in at Rs. 726.6 crore, registering 9.2% yoy increase. 

EBITDA for the quarter rose by 59.4% yoy to Rs. 102 crore with a corresponding margin expansion of 442 bps. EBITDA margin for the quarter stood at 14%. This margin expansion was aided by decrease in other expenses by 1.5% The PAT for the quarter came in at Rs. 48.5 crore, yoy increase of 124.5%. This was due to decrease in depreciation expense by 11.1%.

Castrol India to consider bonus issue on Nov 7
Castrol India Ltd is currently trading at Rs 402.65, up by Rs 17 or 4.41% from its previous closing of Rs 385.65 on the BSE as the company's board will meet on Nov 7 to consider issuing bonus shares.

The scrip opened at Rs 389.8 and has touched a high and low of Rs 412 and Rs 386.25 respectively. The stock is currently trading above its 200 DMA.Castrol India is an India-based company engaged in providing coke and refined petroleum products. The company generated 80% of revenues from automotive segment, 11% from non-automotive and the rest from trades in CY16.

Engineers India stock zooms 8% after Q2 FY18 PAT rises 27%
Engineers India stock zoomed 8% after the company’s PAT increased by 27% to Rs 119 crore in Q2 FY18.The company’s standalone revenue for the quarter came in at Rs 429 crore, registering 26.6% yoy increase.This was primarily driven by revenue growth in Consultancy & Engineering projects and Turn Key projects by 21.1% and 50.2%

Engineers India Ltd is currently trading at Rs 170.65, up by Rs 12.7 or 8.04% from its previous closing of Rs 157.95 on the BSE. The scrip opened at Rs 160 and has touched a high and low of Rs 173.3 and Rs 160 respectively.

Polaris board to consider Delisting of Equity Shares
Polaris Consulting & Services Ltd informed through a filing with BSE that its promoter Virtusa Consulting Services Private Limited (VCS) along with the members of the Promoter Group intends to voluntarily delist the equity shares of the company currently listed on the BSE Limited, the National Stock Exchange of India Limited and the Metropolitan Stock Exchange of India Limited.
Presently, the Company’s public shareholders hold 26,172,715 equity shares of Rs 5 each representing 25.60% of the equity shares of the company.

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 25 OCT 2017

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CS NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES2:10325
RES 1:10275
SUP1:10175
SUP2:10145

CS BANK NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES 2:24425
RES 1:24325
SUP1:24175
SUP2: 24100


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 18 OCT 2017

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CS NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES2:10352
RES 1:10272
SUP1:10196
SUP2:10115

CS BANK NIFTY FUTURES (OCT) OVERVIEW
TREND BEARISH
RES 2:24690
RES 1:24580
SUP1:24320
SUP2: 24245


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Nifty hits fresh peak on recovery hopes

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The benchmark Nifty closed at a new record high on Friday after economic data surprised positively. The rupee ended three-week high of 64.93 against the dollar, while the yields on the 10-year benchmark government security softened two basis points to 6.73. The Nifty gained 71 points, or 0.7 per cent, to close at an all-time high of 10,167, surpassing its September 18 record. 



The consumer inflation for September held steady, against expectations of acceleration, and industrial output hit high a nine-month high, data released on Thursday showed. Market players said the reading sparked hopes of an economic recovery and of a less hawkish stance from the central bank.



The 30-share Sensex also gained 250 points, or 0.8 per cent, to 32,433, 111-point shy of a new record high. The Sensex had recorded its all-time closing high of 32,575 on August 1. Market players expect the Sensex to touch a new record before Diwali, which falls next week.



At the end of September, the markets had come off as much as five per cent from their highs amid concerns over economic slowdown and tapering off balance sheet by the US Federal Reserve. The benchmark indices managed to recoup all the losses on the back of strong buying by domestic investors, particularly mutual funds (MFs). 


Domestic institutional investors (DIIs) bought shares worth nearly Rs 1,600 crore on Friday, while overseas investors pulled out close to Rs 1,700 crore from the domestic market. Since August, MFs have bought shares worth close to Rs 50,000 crore, thanks to huge retail investor inflows into equity schemes.


Meanwhile, foreign institutional investors (FIIs) pulled out over $4 billion (approximately Rs 26,000 crore) from domestic equities since August. Market players expect overseas investor selling to subside if the rupee and bond markets stabilise. 


Banking stocks led to the gains on Friday with HDFC Bank and ICICI Bank, gaining 2.1 per cent 1.44 per cent, respectively. Shares of Bharti Airtel gained eight per cent and were the second-biggest contributor to Sensex gains after HDFC Bank. The telecom major gained after it announced it would buy Tata’s mobile business in a cash-free, debt free deal.


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 13 OCT 2017

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CS NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES2:10225
RES 1:10150
SUP1:10025
SUP2:9995

CS BANK NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES 2:24525
RES 1:24485
SUP1:24275
SUP2: 24075


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 12 OCT 2017

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CS NIFTY FUTURES (OCT) OVERVIEW
TREND BEARISH
RES2:10125
RES 1:10095
SUP1:9965
SUP2:9925

CS BANK NIFTY FUTURES (OCT) OVERVIEW
TREND BEARISH
RES 2:24525
RES 1:24485
SUP1:24002
SUP2: 23925

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 11 OCT 2017

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CS NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES2:10095
RES 1:10050
SUP1:9975
SUP2:9925

CS BANK NIFTY FUTURES (OCT) OVERVIEW
TREND BULLISH
RES 2:24525
RES 1:24450
SUP1:24275
SUP2: 24075


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