Epic Research Closing Bell ~ Market Updates Tips Tricks Recommendations

Epic Research Closing Bell

The market ended lower on October F&O series expiry day. The Sensex was down 201.62 points or 0.7 percent at 26838.14 and the Nifty slipped 59.45 points or 0.7 percent at 8111.75. About 1214 shares advanced, 1441 shares declined, and 196 shares were unchanged.BHEL, Axis Bank, Coal India, SBI and Sun Pharma were laggards while Dr Reddy’s Labs, Vedanta, Tata Steel, Tata Motors and Lupin were gainers.

Gujarat Pipavav Port has reported 40.67% fall in its net profit at Rs 53.11 crore for the quarter ended September 30, 2015 as compared to Rs 89.52 crore for the same quarter in the previous year. The company’s total income has decreased by 17.45% to Rs 156.27 crore for the quarter under review from Rs 189.31 crore for the corresponding quarter of the previous year.

NTPC has reported 39.61% rise its net profit at Rs 2898.28 crore for the quarter ended September 30, 2015 as compared to Rs 2071.63 crore for the same quarter in the previous year. The company’s total income has increased by 5.25% to Rs 18173.90 crore for the quarter under review from Rs 17267.32 crore for the corresponding quarter of the previous year.

Shriram Transport Finance Company has reported 11.88% rise in its net profit at Rs 338.10 crore for the quarter ended September 30, 2015 as compared to Rs 302.21 crore for the same quarter in the previous year. The company’s total income has increased by 14.96% to Rs 2425.57 crore for the quarter under review from Rs 2110.01 crore for the corresponding quarter of the previous year.

Colgate Palmolive (India) has reported 21.11% rise in its net profit at Rs 156.93 crore for the quarter ended September 30, 2015 as compared to Rs 129.58 crore for the same quarter in the previous year. The company’s total income has increased by 3.84% to Rs 1049.23 crore for the quarter under review from Rs 1010.44 crore for the corresponding quarter of the previous year.

Firstsource Solutions has reported 13.35% fall in its net profit after tax at Rs 46.61 crore for the quarter ended September 30, 2015 as compared to Rs 53.79 crore for the same quarter in the previous year. The company’s total income has decreased by 5.93% to Rs 233.66 crore for the quarter under review from Rs 248.40 crore for the corresponding quarter of the previous year.

Bharat Forge has reported 0.33% rise in its net profit after tax at Rs 175.06 crore for the quarter ended September 30, 2015 as compared to Rs 174.49 crore for the same quarter in the previous year. However, the company’s total income has decreased marginally by 2.22% to Rs 1142.27 crore for the quarter under review from Rs 1168.25 crore for the corresponding quarter of the previous year

Commodity-
Gold prices sharply weaker in Asia as Fed signals December rate hike;NYMEX crude dips in Asia on profit taking, Fed signal on rates;Oil futures edge lower on stronger dollar, profit-taking; Zinc rises 0.22% on global cues; Copper sheds 0.31% on weak global cues; Lead down 0.44% on global cues, subdued spot demand.

Data to watch

16:30 GBP
CBI Realized Sales

35 49

18:00 CAD
RMPI m/m

1.2% -6.6%

CAD
IPPI m/m

-0.1% -0.3%

USD
Advance GDP q/q

1.6% 3.9%

USD
Unemployment Claims

264K 259K

USD
Advance GDP Price Index q/q

1.5% 2.1%

18:40 USD
FOMC Member Lockhart Speaks

19:30 USD
Pending Home Sales m/m 1.1% -1.4%

20:00 USD
Natural Gas Storage 70B 81B

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