2nd November, 2018

Market will open on a positive note with a gap tracked by positive Asian and US markets as Trump, Xi lift hopes on resolving trade row.

A volatile session ended on a marginal loss though it was inched up in the morning.
Nifty50 failed to cross its resistance of 10450 and it is interesting to see whether it will cross the resistance zone of 10450-10500.

US markets had positive sentiment after President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can resolve their trade dispute.

🎯 News & Impact 🎯

Major Results Today :
Axis bank, PNB, Hindalco, IOC, NTPC, BSE

Results Updates :

🎯 Hind Petro :
Revenue down 0.2 % to Rs.67,518 crore.
Net profit down 36.5 % to Rs 1,092 crore.
Company will shut its crude unit in Mumbai refinery in January-March 2019 for 10 days.

🎯 GlaxoSmithKline Consumer Healthcare (Q2, YoY) :
Revenue up 14.4 % at Rs.1,272 crore.
Net profit up 43.2 % at Rs.275.5 crore.

🎯 DLF (Consolidated; YoY) :
Net profit up 26 % to Rs.375 crore. Revenue up 35 % to Rs.2,139 crore.

🎯 TCS :
Company acquired W12 Studios, an award-winning digital design studio based in London.

🎯 Goodyear India :
Company will be shutting down its manufacturing plant in NCR and the boiler operations of the plant from Nov. 4 to Nov. 10 in response to Environment Pollution Authority’s public notice.

🎯 Gallantt Ispat :
Power purchase agreement between Uttar Pradesh Power Corporation Limited and the company has been executed. 

🎯 Deepak Nitrite :
Company commenced operations at its phenol and acetone plant.

🎯 ITD Cementation :
Company received complaint regarding alleged irregularities in disposal of scrap. Resulted into 3.6 crore loss.

🎯 Eicher Motors October auto sales: Royal Enfield sales up 1 % at 70,451 units versus 69,492 units; exports fall 72 % to 407 units versus 1,478 units YoY.

🎯 HeroMotoCorp October auto sales: Total sales rise to 7.3 lakh units versus 6.3 lakh units YoY.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers