Morning Release of 13 Oct, 2017. |
Outlook
Nifty breached the 10,000 mark and finally wrapped up the day by gaining 1.12%, and closed at the levels of 10096.40. Nifty is expected to open flattish with restricted holding on upside with resistance of 10128-10146 and immediate support level of 10014-9990.
Indian shares nudged up on Thursday, after having ended lower in the previous session, with Sun Pharmaceutical Industries Ltd. jumping to an over two-month high after the U.S. health regulator closed the inspection of the drug-maker’s Dadra plant.
Bharti Airtel ended up 4.90%. Sun Pharmaceutical Industries Ltd. rose as much as 3.60% to its highest since July 31. The stock led gains on both indexes and was also the top percentage gainer on the Nifty Pharma index, which was up 1%. The Nifty Realty index was trading up 1.16%, boosted mainly by Indiabulls Real Estate Ltd., which rose as much as 8% after the company said its unit would buy out the remaining stake of Indiabulls Properties Investment Trust and delist the company.
Bharti Airtel ended up 4.90%. Sun Pharmaceutical Industries Ltd. rose as much as 3.60% to its highest since July 31. The stock led gains on both indexes and was also the top percentage gainer on the Nifty Pharma index, which was up 1%. The Nifty Realty index was trading up 1.16%, boosted mainly by Indiabulls Real Estate Ltd., which rose as much as 8% after the company said its unit would buy out the remaining stake of Indiabulls Properties Investment Trust and delist the company.
Top Gainers
Company Name |
Close |
% Change |
HINDALCO |
264.50 |
6.02% |
INFRATEL |
432.30 |
5.31% |
RELIANCE |
876.20 |
3.82% |
Top Losers
Company Name |
Close |
% Change |
BHARTIARTL |
399.50 |
-1.00% |
ULTRACEMCO |
3,920.05 |
-0.79% |
IOC |
414.90 |
-0.77% |
52 week High & Low
Company Name |
Close |
High or Low? |
ADANITRANS |
213.20 |
HIGH |
ASPINWALL |
325.20 |
HIGH |
ALCHEM |
10.30 |
LOW |
BALAXI |
15.05 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10,096.40 |
1.12% |
NIFTY IT |
10,881.30 |
0.89% |
NIFTY PHARMA |
9,577.10 |
1.44% |
NIFTY FMCG |
25,473.60 |
1.44% |
NIFTY REALTY |
281.70 |
1.68% |
BANK NIFTY |
24,361.25 |
1.05% |
INDIA VIX |
11.04 |
-5.86% |
FII/DII Activity as on 12 Oct, 2017
FII/DII |
Net Change (in Cr.) |
FII |
-668.13 |
DII |
872.54 |
Corporate Events
- Pipe manufacturer. MAN Industries has bagged USD 142.44 million (around INR. 925 Cr.) order from GAIL (India) Ltd. for the supply of line pipes.
- Larsen & Toubro has entered into a definitive agreement with ESAB Holdings Ltd. for selling its entire stake in wholly-owned arm, EWAS Alloys Ltd. for INR. 522 Cr.
- India’s retail inflation remained flat at 3.28% in September, as food prices remained steady, while fuel and housing prices witnessing modest growth during the month.
- Manufacturing sector, which accounts for more than three-fourth of the entire index, continued to growth at 3.10% in August.
Results Corner
- Best Steel Logistics Ltd.: Sept quarter profit after tax of INR. 29.1 million versus a profit of INR. 3.4 million a year ago.
- Reliance Industrial Infrastructure Ltd.: Sept quarter net profit of INR. 26.9 million versus a profit of INR. 33.8 million last year
- FMCG firm, Bajaj Corp reported a 13% decline in standalone net profit at INR. 50.71 Cr. for the second quarter ended September 30 on account of higher expenses.
