6th February, 2019 Morning Brief

Market will open with on a higher side with a gap today as U.S. stocks rose for a fifth day in muted trading as gains in technology shares and firmness among Asian cues.

In a narrow range, Nifty inched towards it's crucial 11000 mark yesterday. As mentioned earlier, it's a herculean task to surpass and sustain for Nifty50. Hopefully in coming sessions, we may witness the breach of the level on the closing basis. After that Nifty can touch 11120 and can be stretched upto 11400 level also. RBI policy will be the ultimate trigger for the market.

Major Results Today :

Adani ports, Cipla, JSW Steel, Lupin, PTC, Siemens

🎯 News & Impact 🎯

Results Updates :

🎯 Tech Mahindra Q3 :
Profit rises 13% QoQ,
Revenue surges 3.6%

🎯 HPCL (Q3, QoQ) :
Revenue up 6.8 % at Rs.72,111.8 crore.
Net profit down 77.3 % at Rs.247.6 crore.

🎯 Tata Chemicals (Q3, YoY) :
Revenue up 10 % at Rs.2,831.9 crore.
Net profit down 71.1 % at Rs.219.5 crore.

🎯 DLF (Q3, YoY) :
Revenue up 31 % at Rs.2,219.3 crore.
Net profit down 91.8 % at Rs.335.2 crore.
Negative for the stock.

🎯 Sobha (Q3, YoY) :
Revenue up 13.9 % at Rs.787.9 crore.
Net profit up 30.7 % at Rs.69.8 crore.

🎯 IDFC First Bank (Q3, YoY) :
Net interest income up 131.4 % at Rs. 1,145.2 crore.
Net loss at Rs.1,538 crore versus net profit at Rs.146.1 crore.
GNPA at 1.97 % versus 1.63 % (QoQ).

🎯 Lupin :
Company launches Clomipramine Hydrochloride Capsules USP

🎯 Marico :
The company's net profit grew 13 % at Rs. 251.7 crore.

🎯 HPCL :
The profit has fallen 77 % to Rs.247.5 crore against previous quarter.

🎯 Adani Green Energy :
Company's renewable energy arm commissioned 12 Mwac wind power project in Gujarat. The company’s solar arm also received 390 Mwac of capacity in tenders floated by SECI.

🎯 Axis Bank :
RBI has imposed a penalty of Rs.2 crore.

🎯 Syndicate Bank :
RBI Imposes Rs.1 crore penalty on Syndicate Bank.

🎯 HCL Technologies :
Company said it will partner with Harris Geospatial Solutions to provide digital solutions to the utility industry.

🎯 Majesco :
Company launched billing and payments solutions for the insurance industry.

🎯 Rcom :
Exchange barred from derivative segment after Feb series.

🎯 Century Plyboards :
Board approved setting up of particle board and MDF unit in Uttar Pradesh.

🎯 NBCC :
Company said that it secured total business worth Rs.355.9 crore for January.

🎯 Sagar Cements :
Company's consolidated January Cement sales were up 34.94 percent at 3.2 lakh MT versus 2.37 lakh MT.

🎯 Strides Pharma Science :
Company gets EIR from USFDA on continued GMP status for the flagship facility in Bangalore.

Edited by Sharp.