Epic Research Closing Bell ~ Market Updates Tips Tricks Recommendations

Epic Research Closing Bell

The market has ended lower. The Sensex was down 97.68 points or 0.4 percent at 26559.15 and the Nifty slipped 15 points or 0.2 percent at 8050.80. About 1162 shares advanced, 1533 shares declined, and 122 shares were unchanged. M&M, Coal India, Reliance, Tata Motors and Axis Bank were top gainers in the Sensex. Among the losers were Bajaj Auto, Tata Steel, Vedanta, Hindalco and HDFC

Indian Bank has posted 17.49% rise in its net profit at Rs 369.31 crore for the quarter ended September 30, 2015 as compared to Rs 314.33 crore for the same quarter in the previous year. Total income has increased by 5.49% at Rs 4578.65 crore for quarter under review as compared to Rs 4340.32 crore for the quarter ended September 30, 2014.

Escorts has posted net profit at Rs 16.18 crore for the quarter ended September 30, 2015 as compared to net loss Rs 7.86 crore for the same quarter in the previous year. however, the company’s total income has decreased by 18.59% to Rs 816.43 crore for the quarter under review from Rs 1002.91 crore for the corresponding quarter of the previous year.

Adani Ports and Special Economic Zone has reported 95.89% rise in its net profit at Rs 1036.96 crore for the quarter ended September 30, 2015 as compared to Rs 529.37 crore for the same quarter in the previous year. The company’s total income has increased by 40.64% to Rs 1803.54 crore for the quarter under review from Rs 1282.41 crore for the corresponding quarter of the previous year.

South Indian Bank (SIB) has unveiled ‘SIB Green PIN’, which allows customers to generate their PIN at the bank’s over 1200 ATMs in the country. The Green PIN replaces the conventional PIN mailer, thus avoiding the hassles involved in sending and receiving of physical PIN mailers. This new PIN is part of the efforts to digitalize the banking experience in line with the ‘Digital India’ vision.

AIA Engineering has reported 57.47% rise in its net profit at Rs 180.41 crore for the quarter ended September 30, 2015 as compared to Rs 114.57 crore for the same quarter in the previous year. The company’s total income has increased by 0.57% to Rs 574.27 crore for the quarter under review from Rs 570.99 crore for the corresponding quarter of the previous year.
Commodity-

Gold falls to 4-week low with December Fed rate hike in focus;Copper slumps to 4-week low as China PMI weakens demand outlook;Lead falls by 0.1% on weak spot demand;Zinc down 0.2% on weak global trend;Sharp Reduction Noted In Crude Oil Speculative Longs.

Data to watch-

8:00pm	CAD		RBC Manufacturing PMI		48.6
	8:15pm	USD		Final Manufacturing PMI	54.0	54.0
	8:30pm	USD		ISM Manufacturing PMI	50.0	50.2
		USD		Construction Spending m/m	0.5%	0.7%
		USD		ISM Manufacturing Prices	39.5	38.0
	10:30pm	USD		FOMC Member Williams Speaks