A gap-up opening expected in the market today helped by strong US cues along with optimism on positive earnings, rising rupee and falling oil prices.
Key Indian benchmarks extended northward journey for the third straight session and ended the day in a green territory to make a bullish candle on the daily chart.
India attracted $22 billion of foreign direct investment (FDI) flows, contributing to the subregion’s 13% rise in FDI in the first half of 2018 (H1 2018). India's trade deficit declined to $13.98 billion in September from $17.39 billion in August.
As Nifty50 able to close above 10550, it has a resistance around 10820-10850 zone. 10410 is an immediate support to hold the upside momentum.
🎯 News & Impact 🎯
Result Today : Reliance, ACC
Result Updates :
🎯 Infosys :
$ Revenue up 3.2 percent at $2,921million.
Revenue up 7.7 percent at Rs 20,609 crore.
Net profit up 13.8 percent at Rs 4,110 crore.
EBIT up 7.9 percent at Rs 4,894 crore.
Margin flat at 23.7 %.
🎯 Hero MotoCorp :
Revenue up 8.6 % at Rs.9,091 crore.
Net profit down 3.4 % at Rs.976.3 crore.
🎯 Cox & Kings :
Cox & Kings promoter acquired 31,800 shares on Oct. 12.
🎯 Future Retail :
Amazon in talks to acquire just under 10 percent stake in Future Retail.
🎯 Cochin Shipyard :
Buy back of 44 lakh shares with a record date of 31st Oct.
🎯 IIFL Holding :
Company's wealth management arm acquired Chennai-based ‘Wealth Advisors India’ for Rs.253.6 crore.
🎯 Lemon Tree Hotels :
Company signed a license property for 70 room property in Mumbai.
🎯 NHPC :
Baira Siul Power Station (180MW) in Himachal Pradesh said it was going for a complete shutdown for six months from Oct. 15.
🎯 NBCC :
Company signed a MoU with Ministry of External Affairs to construct convention center in West Africa’s Niger.
🎯 Aban :
Company acquired 100 % interest in UK Continental Shelf Production License and sold 50 percent interest in the same.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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