X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 19th & 20th October 2017.
We wish all our readers a very Happy Diwali!

TCS Beat Estimates, Reliance Industries Q2 Result, Tata-Bharti Deal, Global Cues among Top Factors That May Sway Markets Today
Fri, 13 Oct Pre-Open | Rini Mehta, TM Team

In a choppy trade, the share markets in India extended gains in last leg of trade on Thursday after index heavyweight Reliance Industries (RIL) hit its record high ahead of its September quarter earnings today.

A strong rally in Hindalco, Bharti Infratel, Sun Pharma and Tata Consultancy Services also contributed to the gains.

All BSE sectoral indices ended in the positive zone. Among them, realty index gained the most by 1.7%, followed by metal 1.6%, FMCG 1.2% and healthcare 1.2%.

TCS Beat Estimates

TCS share price will be in focus today as the company announced its earnings for the July-September quarter yesterday. The company reported reported 8.4% year-on-year (YoY) and 2.1% sequential rise in net profit at Rs 64.5 billion for the September quarter.

The company also announced an interim dividend of Rs 7 per share. Stay tuned to the 9.30 am market commentary to get a detailed view on this story.

Top Stocks in Action Today

Bharti Airtel share price & Tata Teleservices share price will hog limelight today as the companies entered into an agreement to merge Consumer Mobile Businesses (CMB) of TTSL and TTML into the Sunil Mittal-led telco.

IndusInd Bank share price will be in focus today after it reported a 25% rise in its net profit at Rs 8.8 billion for the September 2017 quarter as compared to Rs 7 billion for the same quarter in the previous year.

Real Estate stocks will be in action today as Govt mulls bringing the sector under the ambit of the Goods and Services Tax.

Housing Development Finance Corporation (HDFC) is planning to raise Rs 25 billion by issuing bonds on private placement basis to augment its housing finance business. The issue will open for subscription on 17 October and closes the same day.

Man Industries share price will be in focus today as it received a prestigious order of around Rs 9.3 billion from GAIL (India) for supply of about 1,16,000 MT of Line pipes for its Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project (JHBDPL), Phase II.

Tata Steel took a step which places it at the forefront of lower-carbon steel innovation by acquiring the full intellectual property rights in a revolutionary technology. The company has been testing the groundbreaking technology called HIsarna at its IJmuiden steelworks in the Netherlands.

Bharti Infratel will also likely gain on the reports that private equity firm KKR-led consortium in talks to buy Indus Towers and Bharti Infratel.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Earnings Today

Reliance Industries, Kotak Mahindra Bank, Bhansali Engineering, Karnataka Bank, Kirloskar Oil, MCX India, Reliance Naval among others are the companies reporting the financial results for the July-September quarter today.

Global Stock Market Drivers

Asian stocks reached a 10-year high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a more guarded view towards inflation.

The Fed minutes from its last policy meeting were released overnight for Asian investors, and they showed some rate setters worried that subdued inflation may be more entrenched than initially thought.

While markets still think US interest rates will rise in December, the minutes cast some doubt on the likelihood of many more rises at least until inflation has clearly and sustainably been shown to be heading up.

What's coming up this week:

  • Earnings season begins for major US banks, led by JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Wells Fargo & Co.
  • ECB President Mario Draghi, Fed's Brainard participate on policy panel in Washington. ECB's Praet, Coeure, Lautenschlaeger and BOE's Haldane are also due to speak.
  • The Bank of England will release its credit conditions survey and then investors will get data on Eurozone industrial production and Canadian house prices.
  • From the US will come initial and continuing jobless-claim data along with another look at crude oil inventories.

From Commodities Space

Oil prices slipped on Thursday as US fuel inventories rose despite efforts by OPEC to cut production. Brent crude, the global benchmark, was down 0.4% to US $56.71 a barrel in London midmorning trading on the Intercontinental Exchange.

Meanwhile, gold prices rose to their highest in two weeks on Thursday amid a muted dollar, after minutes from the US Federal Reserve's September policy meeting revealed low inflation concerns.

Spot gold was up 0.2% at US$1,294.3 an ounce after earlier marking its best since 27 September at US $1295.5. US gold futures for December delivery climbed 0.6% to US$1,296.5 per ounce.

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "TCS Beat Estimates, Reliance Industries Q2 Result, Tata-Bharti Deal, Global Cues among Top Factors That May Sway Markets Today". Click here!

  

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Oct 19, 2017 (Close)

MARKET STATS