Tuesday, November 12, 2019

ZEEL is in Down Trend, having a strong Support 289/265 : 13-11-2019

ZEEL is in Down Trend, having a strong Support 289/265 : 13-11-2019

13-11-2019 12:59 Currently ZEEL is in DOWN Trend, having a strong Support 289/265 and having significant Resistance around 307.5/312.7. Expected Target in coming session is 289.Currently ZEEL Trading @292.1.



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SILVER is in Up Trend, having a strong Support 44110/44000 : 13-11-2019

SILVER is in Up Trend, having a strong Support 44110/44000 : 13-11-2019

13-11-2019 Currently SILVER is in UP Trend, having a strong Support 44110/44000 and having significant Resistance around 45420/46070. Expected Target in coming session is 45420.Currently SILVER Trading @44345. 



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Today's Commodity News : 13.11.2019

 Today's Commodity News : 13.11.2019



Fundamental-BULLION (Gold and Silver)


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Review: Yellow metal prices fell to their lowest level in more that three-month on diminishing demand for haven assets after strength in the U.S. dollar and fresh highs for U.S. stock turned investors towards assets perceived as risky. However, prices recouped sharply in later
trading hours to settle moderately higher as U.S. president Donald Trump did not deliver any meaning update about U.S. – China trade deal at Economic club of New York Tuesday. Comex spot gold increased $3, or 0.25%, to $1458.37 an ounce.

 Gold holding in SPDR gold trust – the world’s largest gold backed ETF – fell 0.45% to 897.09 metric tonnes on Tuesday from 901.19 tonnes on Monday. The political unrest in Hong Kong has also supported gold, which is considered an alternative investment during times o
geopolitical and financial uncertainty.

 Outlook: The near term fundamental sentiment seems to have turned weak in bullion prices on greater chances of a U.S.-China trade deal and mounting dollar index along with gain in U.S. 10-year bond yield. Moreover, barrage of upbeat U.S. economic numbers weaken the
expectation of further FOMC rate cut in December meeting which will further dampen the demand of non-yielding assets like gold. However, uncertainties about Brexit and impeachment hearings against President Trump this week will probably offset drastic fall in prices.

Fundamental- BASE METALS (Aluminium,Copper,Lead,Nickel and Zinc)
                                               
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Review: Base metal prices collapsed on Tuesday in the wake of growing uncertainties about U.S. – China trade deal after the U.S. president Donald Trump delivered mixed speech at traded mixed at economic club of New York on Tuesday. Red metal prices on LME fell
to their weakest level in one-week, while lead prices declined to 10-week low. Apart from that, ongoing protest in Hong Kong also contributed to slump in metal prices.

 In a much-awaited speech, the U.S. President Donald Trump said a U.S.-China trade deal “could happen soon,” and said a phase one agreement was “close.” He also warned that if a deal isn’t reached, the U.S. will “substantially raise the tariffs.” Trump didn’t offer any
hints on the actual timing for a possible signing of the deal.

 Outlook: Following the ongoing fundamental developments, near term sentiments are likely to remain mixed despite ongoing developments in U.S. – China trade deal as deterioration in global manufacturing PMI will keep prices suppressed in near to medium term,
while political unrest in Hong Kong will also fuel growth worries. However, any meaningful update or conciliation in prolonged trade dispute between U.S. and China will provide short term relief to ailing complex

Fundamental- ENERGY (Crudeoil & Natural Gas )

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Review: The U.S. crude oil prices ended slightly lower on Tuesday, extending falling line for second day in row, as a speech from President Donald Trump failed to offer any market-moving insights related to progress on trade talks between China and the U.S., a driver of
economic growth and demand for crude. 

Investors are now waiting for weekly oil inventory report from the API due today and the more closely followed EIA report due tomorrow, with both coming a day later than usual due to the U.S. Veterans Day holiday observed on Monday. In addition to weekly supply data, a
monthly report from the OPEC is due on Thursday and the monthly IEA report is due on Friday.

Outlook: Amid ongoing bullish fundamental backdrop, oil prices have climbed more than 12 percent since their recent bottom formed in late September, the positive progress in 18-month old U.S. – China trade dispute played key role behind strength in oil prices, while fall in rig
counts and potential surge in energy demand from U.S. will also keep prices firm in near term. Although, we can’t rule out the possibilities of sudden shift in short-term trend in the absence of no trade deal.

Intraday  Technical Updates 

Gold Mini Dec/
LBMA Spot Gold

Consistency below $1455 is required to trigger major liquidation in the counter. Supports are seen at $1420/1380 levels. Else, expect recovery moves but a direct rise above $1495 is required to negate the prevailing mild bearish outlook. Resistance is seen at $1510. MCX GoldM Dec: Res at 38450. Sup: 37300.

Silver Mini Nov/
LBMA Spot 

Silver A direct drop below $16.60 would extend liquidation pressure towards $16.20 initially followed by the downside turnaround level of $15.20. Else, would see recovery moves which could target $17.90 later. MCX Nov: Res at 45500. Sup: 44100.

Copper Nov

Expect a choppy trade inside 447-438 initially, breaking any of the sides would suggest fresh
direction to the commodity. 

Nickel Nov

Sustained trades below 1160 would take prices further lower. Else may see recovery upticks
for the day.

Lead Mini Nov

Inability to break 158 expect selling pressure in the counter which would take prices towards 153 or more later.

Zinc Mini Nov

While prices stay above 191 expect rallies to continue the day. Major support is seen at
186.

Alumini Nov

As long as prices stay above 133 expect recovery moves for the day. However strong resistance is seen at 136.

Crude Oil Nov/ NYMEX Crude 

Upticks likely to be capped near the resistance of $58.50 and trigger corrective sell
offs. Immediate support is seen at $56 followed by $53.80. However, an unexpected rise
above $59 would target $60.40/63 levels later. MCX support at 3980. Res 4120.
Natural Gas Nov Inability to break the immediate resistance of 200 expect corrective selling pressure for the day. Support is seen at 188/182.

Today's Currency News : 13.11.2019

Today's Currency News : 13.11.2019

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EURINR is expected to trade depreciate

EURUSD depreciated by 0.23 percent yesterday while EURINR depreciated by 0.05 percent the same time frame. German factory orders for Oct’19 came in at 1.3 percent against market expectations of 0.1 percent. Germany released the November ZEW survey on Economic Sentiment, which came in at - 2.1, much better than the previous -22.8 and the expected -13. The European Commission decided to downgrade its growth forecasts for this year and indicating that “the external environment has become much less supportive and uncertainty is running high.”

OUTLOOK

EURINR is expected to depreciate in today’s session.


Rupee hits two-month low on weak economic data

The Indian rupee on Wednesday opened at a two-month low against the US dollar due to weak domestic macro economic data and tracking Asian currencies which fell on fresh doubts over the US-China trade deal. At 9.10 am, the domestic currency was trading at 71.72 a dollar, down 0.37% from Monday's close of 71.47. The Indian unit opened at 71.78 a dollar and touched a low of 71.79, a level last seen on 17 September. India’s factory output contracted for the second straight month at 4.3% in September, recording its worst show since the present series was launched in April 2012. Following the weak industrial production numbers, analysts see economic growth slowing to less than 5% in the September quarter. The gross domestic product data for September quarter is due on 29 November.
"We recently lowered our growth forecast to 4.9% y-o-y (from 6% earlier) in FY20 and to 6.1% (from 6.9%) in FY21. We attributed this to the economy presently reeling from a combination of a domestic credit stress due to the ‘triple’ balance sheet problem of corporates, banks and shadow banks, clogged policy transmission and weak global growth. This will likely result in a deeper trough and a prolonged phase of bottoming out of the growth cycle," said Nomura Research in a note to its investors."While headline inflation is likely to rise above 4% in near months, we expect the Reserve Bank of India (RBI) to look through the buildup in food price inflation, and deliver a 25bp of rate cut at its next policy meeting in December, followed by another 25bp rate cut in Q2 2020," it added.
Government will release the consumer price index-based inflation and wholesale price index-based inflation data for October on Wednesday and Thursday respectively. According to Bloomberg survey, CPI is likely to rise to 4.34% from 3.99% a month ago while WPI is expected to be at -0.22% from 0.33% a month ago.Government bond yields fell on expectation that the Reserve Bank of India may cut rates further after the slump in factory production. The yield on the 10-year government bond was at 6.546% compared with its previous close of 6.567%. "The persistent slowdown in industrial growth may force RBI to go for another round of policy rate cut in months. However a possible rise of headline inflation above the medium term target of RBI (4%) may act as a point of caution before RBI does a rate cut," said Rahul Gupta, head of currency, Emkay Global Financial Services.
In the year so far, the rupee has weakened 2.6%, while foreign investors have bought nearly $11.60 billion in Indian equities and $5.32 billion in debt.

The benchmark equity index Sensex was a tad up at 40370.52 points. Year to date, it has gained 11.86%.

Asian currencies were trading lower after US President Donald Trump said the US will increase tariffs on China if the first step of a broader agreement is not reached.South Korean won was down 0.58%, Malaysian ringgit 0.24%, China renminbi 0.20%, Indonesian rupiah 0.24%, Philippines peso 0.17%, Taiwan dollar 0.12%, Singapore dollar 0.05%. However, Thai Baht was up 0.08%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 98.333, up marginally from its previous close of 98.309.



Today's Stock News - 13.11.2019: 09.00 Am

Today's Stock News - 13.11.2019: 09.00 Am
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* ADANI ENTERPRISES: Plans to spend 260 bln rupees in capital expenditure over the next five years, most of which will go towards expansion of its airports business.

* AVANTI FEEDS: Income tax authorities conducted a search on the premises of the company and its subsidiary, Avanti Frozen Foods, from Thursday till Monday.

* BALMER LAWRIE & CO: The board has approved issue of bonus shares in a ratio of one share for every two held.

* BANK OF BARODA: The Banks Board Bureau has recommended the name of Sanjiv Chadha for the post of managing director and chief executive of the bank.

* BHARAT PETROLEUM CORP: State-owned entities may be barred from bidding for the Centre's stake in the company, which could fetch close to 700 bln rupees or two-third of the disinvestment revenue target of 1.05 trln for this fiscal, as it does not want to repeat PSU-to-PSU deals similar to ONGC-HPCL or PFC-REC.

* BHARTI AIRTEL: VODAFONE IDEA and the company are set to file a review petition this week, which may include seeking a reduction in the penalties and interest component of the dues, as well as question some components of the non-core items that the Supreme Court says should be included while computing adjusted gross revenue of telcos.
-The company, BHARTI INFRATEL and private equity firm Varde Partners are among six companies
that have bid for the assets of RELIANCE COMMUNICATIONS and its units Reliance Telecom and Reliance Infratel, although Reliance Jio Infocomm was conspicuously absent.

* CG POWER AND INDUSTRIAL SOLUTIONS: Plans to re-examine its accounts over the past three fiscal years to ascertain whether similar transactions may have escaped detection after an internal probe into current performance revealed nine such deals.
-Has entered into an inter-creditor agreement with some of its lenders, called off a merger of a whollyowned subsidiary, and initiated a recovery process.
-Has asked companies linked to promoter Gautam Thapar among others to return over 33 bln rupees
and has initiated the second phase of the probe to fix responsibility for the alleged fraudulent transactions.

* DEWAN HOUSING FINANCE CORP: Lenders to the company have filed an intervention petition at the Bombay High Court, to be part of the main petition filed by mutual funds against the company. Lenders want the court to lift stay on payments.

* EMAMI PAPER MILLS: After putting its 20-bln-rupee greenfield plant in Gujarat "on hold", citing the economic slowdown, the company has now returned the 100-acre land that was allotted to it by the state government.

* EMBASSY OFFICE PARKS REIT: Embassy Property Developments could raise as much as 65 bln rupees from the sale of office space to Embassy Office Parks Reit, its real estate investment trust joint venture with Blackstone.

* GENERAL INSURANCE CORP OF INDIA: Board on Monday approved appointment of Suchita Gupta as the next chief financial officer, in place of Sashikala Muralidharan, with effect from Dec 1.

* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Managing director Navneet Saluja will head the residual unlisted business of the company after Hindustan Unilever completes the acquisition of its portfolio of Horlicks and Boost health drinks.

* HINDALCO INDUSTRIES: Will sign a definitive agreement for the sale of Aleris Corp's plant in Duffel, Belgium, by the end of this month, Managing Director Satish Pai said.

* ICICI BANK: Former managing director and chief executive officer Chanda Kochhar has so far not abided by the order of the bank to return the money she got as bonus and the stock options between April 2009 and March last year.

* INDIAN BANK: Will issue 117.2 mln shares to the government on a preferential basis at 216.09 rupees per share.

* INFOSYS: Has received a second whistleblower complaint accusing Chief Executive Salil Parekh of misdemeanours, days after a similar letter prompted the company's board to institute an independent probe.
-The government will consider on Friday the proposals of TATA CONSULTANCY SERVICES and
the company to set up special economic zones in IT sector.

* JAMMU & KASHMIR BANK: Jammu and Kashmir government has appointed Bipul Pathak, Indian Administrative Services officer and principal secretary to Jammu & Kashmir Lieutenant Governor Girish Chandra Murmu, as nominee director on the board of the bank.

* JAYPEE INFRATECH: Lenders will meet on Monday to take forward the process of insolvency resolution after the Supreme Court directed early this month to complete the process within 90 days.

* KESORAM INDUSTRIES: Has got the nod of the National Company Law Tribunal for demerging its tyre business, which would now be listed separately.

* LARSEN & TOUBRO: IRB INFRASTRUCTURE DEVELOPERS, Cube Highways and a consortium of the company and National Investment and Infrastructure Fund have bid for the third bundle of highway projects under the toll-operate-transfer model.
-Is looking to reduce its holding in its infrastructure unit to 25% and is in advanced talks with investors such as Canadian pension fund OMERS Infrastructure for a stake sale.

* LUPIN: Has entered into a definitive agreement to sell its entire stake in Japanese subsidiary Kyowa Pharmaceutical Industry Co to Unison, a private equity fund in Japan.

* MAHANAGAR TELEPHONE NIGAM: Over 80,000 employees of Bharat Sanchar Nigam and the
company have already applied for the voluntary retirement scheme notified by the companies last week.

* MAHINDRA & MAHINDRA: IPG Mediabrands' Lodestar UM has managed to retain the media account of the company after a four-month-long competitive pitch.

* MMTC: Has extended its tender offer to sell up to 6% stake in the Reliance ADAG-anchored Indian Commodity Exchange for a fifth time till Nov 29, following a low response from investors.

* NATCO PHARMA: Said its first crop protection product, which is based on chlorantraniliprole insecticide, is facing patent infringement case.

* OBEROI REALTY: Global investment bank Morgan Stanley is picking up nearly 800,000 sq ft of
commercial space in Oberoi Realty’s Commerz project in Goregaon suburb of Mumbai in what is being billed as one of the largest built-to-suit office space deals in the country.

* OIL & NATURAL GAS CORP: Is likely to revise the terms of the much-hyped production enhancement plan for 64 oil and gas fields, after concerns raised by prospective bidders over the operating cost and other bidding criteria.
-Is seeking buyers for the first gas from its KG basin fields, which would begin production next month after years of delay.

* PVR: Is adopting a multi-pronged strategy of tapping into micro-markets in big cities and at the same time it is entering new tier-3 and tier-4 territories through its low-cost multiplex model PVR Utsav.

* RELIANCE INDUSTRIES: The Securities Appellate Tribunal is today likely to hear an appeal by the company against a Securities and Exchange Board of India order that had barred the company and 12 of its promoter group entities from dealing in equity derivatives.

* SHEELA FOAM: The board has approved the appointment of Dhruv Chandra Mathur as chief financial officer.

* SINTEX PLASTICS TECHNOLOGY: IDBI Trusteeship Services sold 11.85 mln shares or 1.9% stake in the company at 0.97 rupee apiece through a bulk deal on the BSE on Monday.

* TATA CONSULTANCY SERVICES: Announced an expansion of its long-term partnership with Phoenix Group, Europe's largest life and pension consolidator, to drive the growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients, and their advisers.

* TATA MOTORS: Retail sales of the company's subsidiary Jaguar Land Rover in October were at 41,866 units, down 5.5% from a year ago. For Apr-Oct, sales were down 6.3% on year at 299,434 units.
-The board of the company will meet on Thursday to consider raising 5 bln rupees through non-convertible debentures in three tranches.
-Moody's on Tuesday assigned a rating of Ba3 negative to the company's proposed issuance of senior
unsecured debt instruments.
-Tata Group, the owner of Jaguar Land Rover, has approached carmakers including China's Zhejiang
Geely Holding Group and BMW AG as it seeks partnerships for beleaguered British automotive business.

* ULTRATECH CEMENT: Will sell its entire stake in Bangladesh-based Emirates Cement Bangladesh and Emirates Power Co to Germany's HeidelbergCement for an enterprise value of $29.5 mln.

* VODAFONE IDEA: Vodafone Group chief executive Nick Read described the status of its joint venture in India as "critical" in the wake of a Supreme Court order that left the telecom company facing additional statutory dues.

* WIPRO: Bengaluru-based corporate transport service startup Lithium Urban Technologies has forged a strategic partnership with the company for its employees' commute across the country.

* YES BANK: Sunil Munjal, chairman of Hero Corporate Services, and Hemendra Kothari, veteran
investment banker and founder of DSP Group, have held separate talks with the bank to purchase stakes of 5- 10% each in the cash-starved private lender.

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Today's Sector News - 13.11.2019: 09.00 Am

Today's Sector News - 13.11.2019: 09.00 Am
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* AUTOMOBILES: MG Motor India will bring in an affordable electric vehicle in three to four years as it looks to gain leadership in the country's electric vehicle market space, a top official at the company has said.

* COMMODITIES: Sugar mills in Uttar Pradesh have asked the state government to allow payment to cane farmers in two tranches
-The Centre is in talks with state governments to "dismantle" the Agricultural Produce Market
Committee, Finance Minister Nirmala Sitharaman said.

* ECONOMY: The government is in the process of sanctioning a buyout of non-bank lenders' loan pools, worth over 200 bln rupees, by state-owned banks under a partial guarantee scheme, Finance Secretary Rajiv Kumar said.
-The Reserve Bank of India on Monday withdrew some exemptions provided to housing finance
companies such as those on maintenance of percentage of assets, a reserve fund, and inspection of business.

* FINANCE: Shriram Housing Finance has raised nearly 7 bln rupees from five banks in the last one month through securitisation deals, term loans and refinancing through the National Housing Bank.
-Infrastructure Leasing & Financial Services' committee of creditors approved the sale of education
business to Career Point Publications.
-The partial credit guarantee scheme launched three months ago by the Centre to increase the flow of
funds to non-banking financial companies remains a non-starter with risk-averse banks hesitating to take the lead and NBFCs unsure of who would bear the cost.

* INSURANCE: Bharti Axa Life Insurance, Kotak Life Insurance, Rakesh Jhunjhunwala's RARE Enterprises and Kedaara Capital have bid for a controlling stake in IDBI Federal Life Insurance, which has been put on the block again this year.

* OIL AND GAS: India on Monday wooed foreign companies to invest in its oil and gas sector as the world's third-largest energy consumer is likely to see over $100 bln spending in energy infrastructure creation to meet rising demand.

* PHARMACEUTICAL: Novartis is buying the Japanese generics unit of South Africa's Aspen Pharmacare in a deal worth up to 400 mln euros (about 31.61 bln rupees) to expand in the world's third-biggest drug market.

* RESTAURANTS: Burger and fries chain McDonald's India has laid down stringent conditions for its north and east franchise, which has led to a stalemate in talks between the US company and prospective Indian partners.

* TAXATION: The Legacy Dispute Resolution Scheme, which was launched to settle old cases of service and excise duties, has seen declarations of 54.72 bln rupees so far.

* TELECOMMUNICATION: The Telecom Regulatory Authority of India on Monday released a consultation paper to arrive at the best solution to implement interoperability of set-top boxes for television broadcasting services.
-The Committee of Secretaries is likely to recommend a reduction in the licence fee paid by telecom
companies and allowing a two-year moratorium on spectrum payments, as part of measures to grant relief to the debt-laden sector.

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Nifty-Sensex-Pre Market View - 13.11.2019: 09.00 Am

Nifty-Sensex-Pre Market View  - 13.11.2019: 09.00 Am
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Pre-Session: Sensex, Nifty likely to open in red on Wednesday
13/11/2019 08:15
Indian benchmarks are expected to start the day on a negative note today. Markets would resume trading after a day's holiday and are expected to react to key corporate earnings and macro-data.
The industrial output nosedived to an 8-year low, contracting by 4.3 per cent, for the second straight month in September, data released on Monday showed. The Index of Industrial Production fell by the highest margin since October 2011. That apart, a report by State Bank of India warned that the gross domestic product for Q2FY20 may slump to 4.2 per cent on low automobile sales, flattening of core sector growth and declining investment. On the corporate earning front, about 696 companies, including ABB, Bata, BHEL, IRCTC, and SpiceJet are slated to report their September quarter results today. On Monday, the 30-share benchmark index ended at 40345.08 up by 21.47 points or by 0.05 % and then NSE Nifty was at 11913.45 up by 5.3 points.


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Stocks in the news: Tata Motors, BHEL, Adani Ports, Britannia, Lupin, Godrej Industries, Tata Power, Balmer Lawrie

Stocks in the news: Tata Motors, BHEL, Adani Ports, Britannia, Lupin, Godrej Industries, Tata Power, Balmer Lawrie


Indian Hotels | Cadila Healthcare | NHPC | ABB India | IRCTC | Balmer Lawrie| Bombay Dyeing and Hindalco Industries are stocks, which are in news today

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Here are the stocks that are in news today:

Results on November 13: BHEL, Cadila Healthcare, ABB India, IRCTC, NALCO, RCF, Sintex Industries, Thermax, Bajaj Hindusthan, New India Assurance, Blue Star, HUDCO, Coffee Day Enterprises, Bata India, Sadbhav Infrastructure, Adani Power, Ashoka Buildcon, Jagran Prakashan, Lemon Tree Hotels, Mphasis, Balaji Telefilms, Pidilite Industries, Adani Green Energy, Deepak Fertilizers, RITES, Muthoot Finance

September IIP At -4.3% versus -1.1%, MoM

Adani Ports Q2: Consolidated net profit up 72.4% at Rs 1,059.2 crore versus Rs 614.2 crore, revenue up 8.2% at Rs 2,821.2 crore versus Rs 2,608 crore, YoY

Hindalco Industries Q2: Consolidated net profit down 33% at Rs 974 crore versus Rs 1,448 crore, revenue down 8.8% at Rs 29,657 crore versus Rs 32,507 crore, YoY

Godrej Industries Q2: Net profit up 95.7% at Rs 372 crore versus Rs 190 crore, revenue up 3.6% at Rs 2,628.7 crore versus Rs 2,538.4 crore, YoY

Adani Enterprises Q2: Net loss at Rs 10 crore versus profit of Rs 79.6 crore, revenue down 7.5% at Rs 8,464 crore versus Rs 9,154.6 crore, YoY

Bombay Dyeing Q2: Consolidated net profit down 72.5% at Rs 89 crore versus Rs 325 crore, revenue down 33.3% at Rs 555.3 crore versus Rs 832.6 crore, YoY

Sheela Foam Q2: Consolidated net profit at Rs 59 crore versus Rs 24 crore, revenue down 7.1% at Rs 497.3 crore versus Rs 535.5 crore, YoY

Coal India: Q2 profit rises 14.2% to Rs 3,522.9 crore versus Rs 3,085 crore on lower tax cost, revenue dips 6.9 percent to Rs 20,382.6 crore versus Rs 21,884 crore YoY.

Zee Entertainment: Essel Group to soon sell pledged shares of Zee Entertainment via block trades to institutional investors - CNBC-TV18 Sources

Britannia: Q2 profit rises 32.9% to Rs 402.7 crore versus Rs 303 crore, revenue increases 6.2% to Rs 3,048.8 crore versus Rs 2,869.6 crore YoY; domestic volume growth at 3%

NHPC: Q2 consolidated profit jumps 33.3% to Rs 1,458 crore versus Rs 1,093 crore, revenue rises 13.7% to Rs 3,068.4 crore versus Rs 2,697.6 crore YoY.

Hindustan Aeronautics: Q2 consolidated profit doubles to Rs 622 crore versus Rs 287 crore, revenue rises 32.2% to Rs 3,451.1 crore versus Rs 2,610.3 crore YoY.

Indian Hotels Q2: Consolidated net profit at Rs 71.3 crore versus loss of Rs 5.2 crore, revenue up 4.4% at Rs 1,007.4 crore versus Rs 964.5 crore, YoY

Deccan Cements Q2: Net profit at RS 32 crore versus Rs 10 crore, revenue down 17.4% at Rs 134.2 crore versus Rs 162.5 crore (YoY)

Hind Rectifiers Q2: Net profit at RS 7.5 crore versus Rs 2.4 crore, revenue up 40% at Rs 83.2 crore versus RS 59.4 crore (YoY)

Mahanagar Gas Q2: Net profit up 59% at Rs 270.6 crore versus Rs 170.2 crore, revenue up 3.7% at Rs 783.6 crore versus Rs 831.2 crore, QoQ

NMDC Q2: Net profit up 10.5% at Rs 703.3 crore versus Rs 636.4 crore, revenue down 8% at Rs 2,241.8 crore versus Rs 2,437.9 crore, YoY

SJVN Q2: Consolidated net profit up 45% at Rs 622.4 crore versus Rs 429.2 crore, revenue up 25.8% at Rs 945.7 crore versus Rs 751.5 crore, YoY

Jindal Stainless Q2: Consolidated net profit at Rs 37.8 crore versus loss of Rs 59 crore, revenue down 0.2% at Rs 3,291.1 crore versus Rs 3,298.5 crore, YoY

Indian Hotels: Board approves buying balance 14.3% in ELEL Hotels for Rs 250 crore

Tata Power to develop 50 MW solar project at Dholera solar park in Gujarat

Lupin: Company to sell entire stake in Japanese arm Kyowa Pharma to Plutus at enterprise value of ¥57.4 billion.

Balmer Lawrie approves issuing 1 bonus share for every 2 held

Ajanta Pharma: Promoter releases pledge on 4 lakh shares (0.46% Equity) on November 7

TCS - Phoenix Group Expands Strategic Partnership with TCS to Drive Growth Plans

Vinati Organics board approved stock split in 1:2 ratio

Godrej Industries board approves fund raising via issuance of unsecured NCDs/bonds/other instruments aggregating Rs 1,500 crore

Punjab & Sind Bank shareholders approved issuing preference share worth Rs 787 crore to the Government of India

Edelweiss Financial Services - Sanaka Capital along with co‐investors will be investing up to USD 75 million (Rs 525 crore) into Edelweiss Global Investment Advisors

Tata Motors Group global wholesales at 89,108 in October 2019

Reliance Communications postpones November 12 board meeting; to release Q2 results on November 15

Avanti Feeds and its arm Avanti Frozen Foods’ premises were searched by the Income Tax authorities from November 7-11

Selling pressure to accelerate if Nifty closes below 11,850 : 13.11.2019

Selling pressure to accelerate if Nifty closes below 11,850 : 13.11.2019

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In case of bulls manage a sustainable trade above 11932 levels in the next session then the strength may get extended up to 12034 levels

Indian market witnessed a volatile trading session on Monday but bulls managed to push the index back in green towards the close.

The final tally on D-Street – the S&P BSE Sensex rose 21 points to 40,345 while the Nifty50 closed 5 points higher at 11,913.

Going forward, technical experts are of the view that fresh shorting opportunity shall arise on a close below 11830 levels for a target close to 11,700 levels while a close above 12034 could put bulls back in the driver’s seat.

On the macro front, India’s industrial production shrank for the second consecutive month in September, lowest in almost 8 years. India's industrial output continued to stutter as it contracted 4.3 percent month-on-month (MoM) in September.

The rupee on Monday tumbled by 19 paise to a near one-month low of 71.47 against the US dollar as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.

On the institutional front, FPIs were net buyers in Indian markets for Rs 664 cr while the DIIs were net sellers to the tune of Rs 245 cr, provisional data showed.

Big News:

On the earnings front, as many as 690 companies on the BSE will declare their results for September quarter which include names like Pidilite Industries, ABB India, Muthoot Finance, OFSS, Adani Power, 3M India, Cadila Healthcare, Bata India, BHEL, IRCTC, Spicejet, and Blue Star etc. among others.

Technical View:

Nifty formed a Small bullish candle, faces resistance near 5-days EMA


For the time being, the near-term support for Nifty50 is placed at 11850 levels

In case of bulls manage a sustainable trade above 11932 levels in the next session then the strength may get extended up to 12034 levels

A breach of 11850 – 11833 levels on a closing basis shall accelerate the selling pressure further.

Fresh shorting opportunity shall arise on a close below 11830 levels for a target close to 11700 levels, Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

Three levels to watch on Wednesday -- 11850-11830, 11932, 12034

Max Call OI: 12000, 11800

Max Put OI: 11600, 11500

Stocks in news:

Godrej Properties' sales bookings rose 44 percent to Rs 2,343 crore during the first half of the ongoing financial year on higher volumes despite a slowdown in the housing segment.

Tata Motors held Jaguar Land Rover (JLR) on November 12 reported a 5.5 percent decline in total retail sales at 41,866 units in October as compared with the year-ago period.

Essel Group will soon begin the sale of Zee Entertainment shares pledged with lenders, CNBC-TV18 reported quoting sources. We have seen a good volume spike in ZEE Ent which saw a long buildup on Friday. The stock closed with gains of over 6% and was also the top Nifty gainer.

Technical Recommendations:

AU Small Finance Bank: Buy| Target: Rs 796 | Stop-Loss: Rs 653| Upside 11%

Maharashtra Scooters: Buy| Target: Rs 5600| Stop-Loss: Rs. 4410| Upside 17%

Bajaj Holdings: Buy| Target: Rs 4250| Stop Loss: Rs 3450| Upside 15%

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Super Assets is a kind of Investment assets which is available in Share market,Realestate,P2P,Precious Metals and
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