Commentary Of Stock Market | Stock Cash Tips

Sensex, on Tuesday, lost 514 points to close at 26,305. Sensex lost 1.9% on worries about capital outflows as US bond yields surged and the dollar strengthened. Among stocks, Tata motors, Tata steel and Asian paints lost over 7.4% to 9.9%.  Market breadth was negative with 346 advances against 2354 declines.

Nifty closed 188 points lower at 8,108. Today, we expect the markets to open on a positive note on the back of positive global indices. 

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US Markets, ended the day on a positive note. Dow closed 0.3% higher while Nasdaq gained 1.1%. US markets, today, will see data releases on FOMC Member Bullard Speaks, PPI m/m, Core PPI m/m, Capacity Utilization Rate, Industrial Production m/m and NAHB Housing Market Index, Crude Oil Inventories and TIC Long-Term Purchases.

Asian markets are trading on a positive note; Nikkei is trading 1.2% up, while Hang Seng is trading 0.4% higher. SGX Nifty is trading 98 points up at 8,213. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 1.4% up, while HDFC Bank closed 0.7% down. Among IT ADRs, Wipro closed 0.8% up, while Infosys lost 0.4%. Tata Motors ADR fall 1.8%.

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TradeBizz Research Update | News of The Day | Stock Tips

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens:

Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period. 

State Bank of India has posted disappointing September quarter results with asset quality increasing. Country's largest lender's net profit slipped 34.6 percent at Rs 2538 crore in July-September, from Rs 3879 crore in corresponding quarter last fiscal. During the quarter, its net interest income (NII) climbed marginally by 1.3 percent at Rs 14437 crore against Rs 14253 crore in year-ago period.

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The company's gross non-performing asset (NPA) was at 7.14 percent versus 6.94 percent and net NPA was at 4.19 percent versus 4.05 percent on sequential basis.

During the quarter, its gross non performing asset (GNPA) grew to 7.14 percent versus 6.94 percent while net NPA stood at 4.19 percent against 4.05 percent quarter-on-quarter. In absolute terms, gross NPA was at Rs 1.05 lakh crore against Rs 1.01 lakh crore and net NPA was at Rs 60013 crore versus Rs 57421 crore (QoQ). 

According to CNBC-TV18 poll, SBI was expected to show a 30.5 percent degrowth in second quarter profit at Rs 2,697 crore on annual basis. According to average of estimates of analysts polled by CNBC-TV18, net interest income was seen rising 3 percent to Rs 14,683.8 crore on yearly basis.

Provisions in Q2 grew to Rs 7896 crore against Rs 7413 crore (QoQ). Capital adequacy ratio stood at 13.94 percent against 14.01 percent. 

Key highlights:

Fresh slippages at Rs 10341 crore versus Rs 8790 crore, up 17.65

Percent QoQ Provision for NPA at Rs 7670 crore vs Rs 6340 crore, up 21 percent QoQ

Credit cost (annualised) at 214 basis points versus 179 bps QoQ, up 35 bps

Write offs at Rs 6060 crore versus Rs 4613 crore, up 31.4 percent QoQ

Other income at Rs 8424 crore, up 35.9 percent YoY and 14.9 percent QoQ

Operating profit at Rs 11224 crore, up 9.3 percent YoY & by 1.5 percent QoQ

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SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

Read more at: http://www.moneycontrol.com/news/results/sbi-q2-net-down-35-at-rs-2538-cr-asset-quality-worsens_7948781.html?utm_source=ref_article

Closing Bell | Stock Cash Future Option Tips | TradeBizz Research

CLOSING BELL: IN TODAY’S SESSION, NIFTY 50 CLOSED AT 8525.75 (+93.75 OR +1.11%)

BANKNIFTY CLOSED AT 20,276 (+692.50 OR +3.54%) ADVANCED SCRIPTS: - 32, DECLINED SCRIPTS-19, UNCHANGED SCRIPTS -0.

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TOP GAINERS: - TATASTEEL (+9.53%), BANKBARODA (+9.39%), HINDALCO (+8.82%).

TOP LOSERS: - ASIANPAINT (-3.80%), HEROMOTOCO (-3.01%), HDFC (-2.65%).

STOCK CASH REVIEW: TODAYS TOTAL PROFIT OF RS.21310/- ELITE SBBJ (+6099) MCX (+5970) AMRUTANJAN (+5862) STS MYSOREBANK (+3378)...

STOCK FUTURE REVIEW: TODAYS TOTAL PROFIT OF RS. 37050/- ELITE CANBK (+10500) SBIN (+9000) TATAMOTORS (+7500) AUROPHARMA (+6300) ELITE NIFTY (+3750)...

STOCK OPTION REVIEW: TODAYS TOTAL PROFIT OF RS.20970/- ELITE AUROPHARMA 780 CE (+8400) SBIN 255 CE (+5400) AXISBANK 500 CE (+4400) STS HCLTECH 790 CE (+2730) AXISBANK 500 CE (+1740)...... JOIN OUR SERVICES TO GAIN SUCH A GENUINE PROFIT EVERYDAY

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Sensex, forex hit by banknotes measures; bonds gain - TradeBizz Research

Indian stocks and the rupee fell on Wednesday as uncertainty sparked by the country's move to withdraw larger banknotes from circulation was compounded by bets that Republican candidate Donald Trump was likely to win the U.S. elections.

The broader NSE Nifty fell as much as 6.3 percent, dragging the rupee lower and prompting the central bank to intervene in currency markets in morning trading, a trader said.

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However, bonds rallied - with the benchmark 10-year bond yield down 13 basis points at 6.67 percent.

The bond yields fell as prices rose on a safe-haven bid and on hopes Prime Minister Narendra Modi's withdrawal of higher value banknotes would ease inflation, raising the prospect of more rate cuts from the central bank.

Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption and currency counterfeiting.

"The impacts could be different depending upon sectors – deflationary in some while contraction in others. This is a short-term risk for the economy," Samiran Chakraborty and Anurag Jha, economists at Citi wrote in a note.

The broader NSE share index was down 3.7 percent as of 0536 GMT, while the benchmark BSE Sensex was down 3.6 percent. Trading was highly volatile, with the Nifty volatility index surging 21 percent.

The partially convertible rupee was at 66.92 per dollar versus its previous close of 66.6150/6250.

Real estate shares were among the biggest decliners, reflecting a belief that large amounts of black money are steered towards property transactions. The Nifty Reality index was down 15.5 percent, with DLF Ltd, India's biggest property developer, down 20.86 percent.

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Stock Cash Future Option Review | TradeBizz Research

STOCK CASH REVIEW: TODAYS TOTAL PROFIT OF RS.4448/-

STOCK FUTURE REVIEW: TODAYS TOTAL PROFIT OF RS. 20100/- 

STOCK OPTION REVIEW: TODAYS TOTAL PROFIT OF RS.9445/- 

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TradeBizz Research | Closing Bell | Stock Tips

CLOSING BELL: IN TODAY’S SESSION

NIFTY 50 CLOSED AT 8497.05 (+63.30 OR +0.75%)

BANKNIFTY CLOSED AT 19373.75 (+241.80 OR +1.26%)

ADVANCED SCRIPTS: - 35, DECLINED SCRIPTS-16, UNCHANGED SCRIPTS -0.

TOP GAINERS: - LUPIN (+6.97%), AUROPHARMA (+5.36%), HINDALCO (+5.19%).

TOP LOSERS: - TCS (-2.77%), TATAMTRDVR (-2.65%), INFRATEL (-2.18%)

STOCK FUTURE REVIEW: TODAYS TOTAL PROFIT OF RS. 20100/- BTST HCLTECH (+10850) TECHM (+5500) DHFL (+4500) CANBK (+4350) ELITE COALINDIA (-5100)...... JOIN OUR SERVICES TO GAIN SUCH A GENUINE PROFIT EVERYDAY…..

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TradeBizz Research News Updates | Stock Tips

Nifty holds 8500, Sensex strong; Midcap, Smallcap outperform: Equity benchmarks continued to remain higher in noon trade with the Nifty holding 8500 level, supported by ITC, Lupin, ICICI Bank and SBI.

12:59 pm Market remains strong: The Sensex gained 239.80 points at 27513.95 and the Nifty rose 83.35 points to 8517.10. About 2006 shares advanced against 672 declining shares on the BSE. 

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12:46 pm Oil Update: Oil futures rose, with traders citing opportunistic buying following sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals. International Brent crude oil futures were trading at USD 46.26 per barrel, up 1.49 percent, from their previous close. US West Texas Intermediate (WTI) crude futures were up 1.61 percent, at USD 44.78 a barrel. 

12:38 pm Earnings: Home and personal care company Godrej Consumer Products' second quarter consolidated profit increased a whopping 43.7 percent year-on-year to Rs 318.1 crore, partly driven by low base. In Q2FY16, profit was impacted by exceptional item of Rs 77.51 crore.

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