Morning Release of 03 Nov, 2017. |
Outlook
Nifty remained in a sideways zone and failed to break yesterday’s high and closed with a change of -0.16% at the levels of 10423.80. Nifty technical charts have formed a small bearish candle. Nifty downside support will be 10415-10386 and upside resistance will be 10440-10460.
Indian shares ended marginally lower on Thursday, as quarterly results from companies, such as, Tech Mahindra Ltd. weighed, although losses were capped by gains in pharmaceutical shares, including Divi’s Laboratories Ltd. that rose about 16%.
The benchmark BSE Sensex closed 0.08% lower at 33,573.22, while the broader NSE Nifty ended down 0.16% at 10,423.80. Tech Mahindra Ltd. and JSW Energy Ltd. fell after their September quarter earnings report failed to please investors. Tech Mahindra fell as much as 5.70%, while JSW Energy dropped as much as 4.70%. However, the Nifty Pharma index rose as much as 3.60% to its highest since July 24, boosted by Divi’s Labs.
The benchmark BSE Sensex closed 0.08% lower at 33,573.22, while the broader NSE Nifty ended down 0.16% at 10,423.80. Tech Mahindra Ltd. and JSW Energy Ltd. fell after their September quarter earnings report failed to please investors. Tech Mahindra fell as much as 5.70%, while JSW Energy dropped as much as 4.70%. However, the Nifty Pharma index rose as much as 3.60% to its highest since July 24, boosted by Divi’s Labs.
Top Gainers
Company Name |
Close |
% Change |
AUROPHARMA |
790.00 |
3.77% |
LUPIN |
1061.30 |
3.22% |
SUNPHARMA |
563.90 |
2.77% |
Top Losers
Company Name |
Close |
% Change |
TECHM |
467.50 |
-4.30% |
HEROMOTOCO |
3721.05 |
-2.57% |
INFRATEL |
417.70 |
-2.07% |
52 week High & Low
Company Name |
Close |
High or Low? |
8KMILES |
867.20 |
HIGH |
ACE |
94.65 |
HIGH |
ALPHAGEO |
750.00 |
LOW |
ARCOTECH |
47.70 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
10,423.80 |
-0.16% |
NIFTY IT |
10,845.85 |
0.26% |
NIFTY PHARMA |
10,004.70 |
3.02% |
NIFTY FMCG |
25,823.90 |
-1.00% |
NIFTY REALTY |
312.50 |
0.03% |
BANK NIFTY |
25,427.30 |
-0.25% |
INDIA VIX |
12.00 |
-1.09% |
FII/DII Activity as on 02 Nov, 2017
FII/DII |
Net Change (in Cr.) |
FII |
1,032.88 |
DII |
-456.51 |
Corporate Events
- Drug firm, Lupin has launched in the American market Doxycycline Hyclate tablets USP, used for treating various infections.
- Rajesh Exports Ltd. (REL), the world's largest gold refiner, announced that it has secured a new export order worth INR. 634 Cr.
- Zydus Group firm, Cadila Healthcare, Nesher Pharmaceuticals, a subsidiary of Zydus Pharmaceuticals USA, has received final approval from the US health regulator to market Dextroamphetamine Sulfate.
Results Corner
- Shriram City Union Finance Ltd.: September quarter net profit of INR. 1.98 billion versus a profit of INR. 2.04 billion a year ago.
- Sanco Industries Ltd.: September quarter net profit of INR. 12.70 million versus a profit of INR. 6.40 million a year ago.
- Power Grid Corporation reported its net profit for the September quarter at INR. 2,141 Cr. It was 14% higher than the previous year’s figure of INR. 1,872 Cr.
- Vedanta reported a net profit for the quarter increased to INR. 2,986 Cr. against INR. 2,495 Cr. in same quarter last fiscal.
