Top 15 Stocks in Focus Today

Buzzing Stocks

Reliance Industries, BP submit revised investment plan for KG-D6 gas finds.

Five bidders in fray for 30% stake in Jaiprakash Power.

TCS says Nielsen extends pact with company for five years.

Jain irrigation redeems foreign currency convertible bonds of $40 million.

Xl Group to acquire a 20% minority stake in unit Mahindra Insurance Brokers.

Snowman Logistics bagged an exclusive deal from IKEA to manage backend operations of its in-store restaurants business in India. The value of the deal was not known.

Hatsun Agro Product invests Rs 60 crore to expand its cattle feed production plant in Tamil Nadu.

Pharma stocks in focus today. A proposed amendment to the four-year-old DPCO aims to bring non-scheduled drugs under price control by changing the pricesetting method, a move that pharmaceutical companies say will be detrimental to the industry’s growth and kill competition.

Federal Bank’s net profit soared 31% to Rs 264 crore in the quarter ended September from Rs 201 crore a year earlier, driven by a 25% growth in loans, stable margins and steady asset quality.

Atlas Cycles (Haryana) has fixed October 31 as record date for Sub division of 1 equity share of Rs.10/- each fully paid up into 2 equity shares of Rs. 5/- each fully paid up.

Grasim added to the S&P BSE 500 Index.

Hind Rectifiers trades ex-rights basis.

Pokarna last trading day before stock split from Rs 10 to Rs 2.

RBI said Elpro International FII limit of 24% has been breached, no further buying allowed.

HCL Infosystems to consider rights issue on October 20.

CH Stock Market Opening Bell for 17-October-2017

Opening bell

OPENING BELL:

NIFTY FUTURE DOWN 15 @ 10240

BANK NIFTY FUTURE DOWN 44 @ 24699

SENSEX DOWN 12 @ 32621

INR 64.85

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International Market Update by Money CapitalHeight

INTERNATIONAL MARKET UPDATE

GOLD $ 1295.55

SILVER $ 17.23

COPPER $ 3.23

CRUDE $ 51.81

INR 64.85

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World Market Update by Money CapitalHeight

WORLD MARKET UPDATE

HANG SENG 31

NIKKEI 5

SHANGHAI -7

DOWJONES 85.24

NASDAQ 18.2

SGX NIFTY -21

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CH Bank Nifty Market Trend for 17-October-2017

BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 24550

SUPP 2: 24185

RES 1:24880

RES 2: 25150

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CH Nifty Market Trend for 17-October-2017

NIFTY TREND-BULLISH

NIFTY SPOT LEVELS

SUPP 1: 10145

SUPP 2: 10070

RES 1: 10285

RES 2: 10370

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CH Stock Market Closing Bell 16-October-2017

Closing Bell

CLOSING BELL:

NIFTY FUTURE UP 62 @ 10255

BANK NIFTY FUTURE UP 24 @ 24756

SENSEX UP 200 @ 32633

INR 64.74

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Jindal Steel pays dues worth Rs 700 cr to Banks

Jindal Steel & Power (JSPL) share price rallied 4.3 percent intraday Monday as the company may soon come out of the clutch of joint lenders forum.

The steel maker cleared its pending dues of around Rs 700 crore to banks a little over a week ago, according to the company’s Chairman Naveen Jindal.

After this payment, the company may soon be out of SMA-2 category that it was placed under after its debt remained unpaid for more than 60 days.

SMA-2 is one step short of the account being declared a non-performing asset.

This could well pave the way for the Delhi-based steel and power producer to come out of the clutch of joint lenders forum.

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Gold Prices to Trade Higher

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Spot gold traded higher by 2.3 percent last week while silver prices also rose 3.4 percent. Gold prices rose as minutes from a U.S. Federal Reserve September meeting showed policymakers had a prolonged debate about prospects of a pick – up in inflation and slowing the path of future interest rate rises if it did not. Weak dollar index and geopolitical tensions in Spain and North Korea further supported the rally in gold. Russia and China both called for restraint on North Korea following a Twitter post from U.S. President Donald Trump hinting that military action was on his mind. The focus of the markets have now shifted from the geo – political crisis  to the economic data that will be released from the US, besides, the  possibility of rate hike scenario in the US is a factor for gold prices to move lower in the week ahead.

Outlook

Geo – political crisis and economic data from US will be the key going forward, besides, the possibility of rate hike scenario in the US is a factor for gold prices to move lower in the sessions ahead. ON the MCX, gold prices are expected to trade higher today, international markets are trading lower by 0.2 percent at $1302 per ounce.

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Sensex off Day’s High, Nifty below 10,200

The Indian market is going through a Diwali cheer phase as frontline indices hit fresh record highs, backed by macro data and steady earnings trends in its first week of the season.

Having said that, these are still some early days as companies with good numbers initially are declared in the early part of the season. “Ex-financials, companies in our coverage should have 10 percent growth,” Krishna Kumar Karwa, MD, Emkay Global Financial Services told CNBC-TV18 in an interview.

The rupee trimmed initial gains but was still trading up by 17 paise to 64.75 against the US currency on bouts of dollar selling by some banks and exporters amid higher domestic equities.

The dollar index was trading steady at 93.14 against a basket of six currencies in early trade.

Growth in India’s consumer sector is seemed to have recovered in the July-September quarter largely owing to increasing urban demand and the festive season, says a Nomura report.

According to the Japanese financial services major, consumer firms are expected to report average net sales growth of 8.6 per cent year-on-year with EBITDA growth of 8.4 per cent in the second quarter of this fiscal. Growth in India’s consumer sector particularly the household and personal care segment was held back in recent quarters largely due to macro issues.

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