Idea Cellular Q2 profit sinks 58% to Rs 91 cr, revenue falls 2% - Results of Idea Cellular

Aditya Birla Group company Idea Cellular disappointed analysts on Monday with profit falling sharply by 58.5 percent sequentially to Rs 91.4 crore in July-September quarter. Its Results by tomorrow.

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Stock Market Update On This Diwali

OPENING BELL: NIFTY FUTURE UP +16.80@ 8709.85 BANKNIFTY FUTURE UP +110.75@ 19834 USDINR @ 66.9075

Nifty will touch 9,000 levels before Diwali:

Nifty likely to touch 9200-9300 by this diwali: like SBI, DHFL: Positives like good monsoon and upswing in overall economy will push Nifty upwards.

Nifty may touch 9,400-9,700 in medium term; SBI, BPCL top bets: Short term outlook for the market still remains negative till Nifty trades below 8,746 levels.

 Moving Average of S&P CNX NIFTY:

Current Share Price	8693.05
Three Days	8683.85
Five Days	8649.97
Ten Days	8652.25
Fifteen Days	8665.08
Twenty Two Days	8700.13
Thirty Days	8730.43
Fifty Days	8709.82
Hundred Days	8533.43
Two Hundred Days	8054.95

Share Price History of S&P CNX NIFTY:

Date	High	Low	Open	Close	Volume
21/10/2016	8709.1	8652.05	8708.6	8693.05	178382860
20/10/2016	8727.0	8678.3	8693.35	8699.4	195122344
19/10/2016	8698.75	8636.7	8697.5	8659.1	194699051
18/10/2016	8685.1	8555.9	8556.05	8677.9	236202989
17/10/2016	8615.4	8506.15	8612.95	8520.4	221627722
14/10/2016	8604.45	8549.8	8594.0	8583.4	178660569
13/10/2016	8681.55	8541.35	8671.5	8573.35	239351416
10/10/2016	8745.8	8703.95	8735.35	8708.8	130998643
07/10/2016	8723.7	8663.8	8721.7	8697.6	167167788

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TBR UPDATE: - Stock Market Opening Bell

OPENING BELL: 

NIFTY FUTURE UP +9.20@ 8708.60 

BANKNIFTY FUTURE DOWN -64.20@ 19605 USDINR @ 66.8800

NIFTY FUTURE: - S1-8680.44, S2-8651.87 R1- 8732.89, R2-8756.77 

BANK NIFTY FUTURE: - S1 – 19540.06, S2-19404.06 R1- 19773.01, R2-19869.98

News Of The Day:-

Reliance sees strong refining margins backed by solid demand:

India's oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) reported quarterly results on Thursday that were in-line with expectations, and said it expects refining margins to remain strong, driven by rising fuel demand.

Reliance, controlled by India's richest man, Mukesh Ambani, said its fiscal second-quarter profit was 72.06 billion rupees ($1.1 billion) for the quarter to Sept. 30. That roughly matched analysts' estimates of 72.2 billion rupees, and was well above it’s year-ago profit of 50.35 billion rupees on the same basis.

On a net basis, the country's largest refiner reported a 23 percent drop in its quarterly profit, as it’s year-ago profit was boosted by a 45.74 billion rupee gain from an asset sale.


It said gross refining margin, or profit earned on each barrel of crude processed -- a key profitability gauge for a refiner -- came in at $10.1 per barrel for the three months to Sept. 30, accelerating its lead over the regional benchmark Singapore GRM.

A senior company executive defended the refining margins saying they could be sustained.
"These are not one quarter numbers, the margins are improving consistently every quarter," said V. Srikanth, joint chief financial officer of Reliance.

Reliance operates the world's biggest refining complex in western India and analysts expect an upgrade currently underway to improve margins by $2 to $3.

The company's refinery upgrade plan is at "advanced stages of mechanical completion and pre-commissioning," said Ambani in a statement, adding this would further strengthen the company's position.

Fuel demand in India, the world's third-largest consumer, is rising fast as higher income levels and cheaper credit boost vehicle sales. The International Energy Agency estimates India's fuel demand will be 10 million barrels per day (bpd) by 2040.

Reliance gets 95 percent of its profit from oil refining and petrochemicals, but has been spending aggressively to expand in retail, telecoms and e-commerce.

It’s Jio 4G telecoms unit has spent more than $20 billion to build a nationwide network that started commercial operations in September, reaching 16 million customers in the first month. Reliance Jio is giving telecoms services free until the end of the year, triggering a price war among rivals.

Jio is adding about half a million subscribers a day, Anshuman Thakur, head of strategy, told reporters on Thursday.

For the September quarter, Reliance's revenue rose 9.6 percent from a year earlier to 816.51 billion rupees.

Its outstanding debt rose to 1.89 trillion rupees as of end-September, while it had 825.33 billion rupees of cash and cash equivalent, it said.

(Writing by Sankalp Phartiyal; Editing by Euan Rocha and Alexandra Hudson)

Headlines of the Day:

Security breach feared in up to 3.25 million Indian debit cards:

Rosneft deal to buy India's Essar Oil does not violate sanctions - U.S.

Jaguar Land Rover and Ford test connected cars in Britain

Trump says he will accept election result - if he wins

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Stock Market Closing Bell

CLOSING BELL: IN TODAY’S SESSION

NIFTY 50 CLOSED AT 8701.05 (+41.95 OR +0.48%) 

BANKNIFTY CLOSED AT 19681.95 (+229.90 OR +1.18%) 

ADVANCED SCRIPTS: - 29, DECLINED SCRIPTS-20, UNCHANGED SCRIPTS -2.

TOP GAINERS: - ADANIPORTS (+5.25%), ICICIBANK (+4.70%), HINDALCO (+2.75%). 

TOP LOSERS: - HCLTECH (-1.75%), HINDUNILVER (-0.70%), TATAMTRDVR (-0.69%).

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Stock Market Opnening Bell: Intraday Stock Tips

NIFTY FUTURE UP +34.25@ 8693.35 

BANKNIFTY FUTURE UP +85.35@ 19537.40 

USDINR @ 66.7250

Commentary: Stock Future Tips

Sensex, on Wednesday, lost 67 points to close at 27,984. Markets closed the day on lower side on account of profit booking by investors tracking the volatility in global market ahead of ECB meet.  Among sectors, FMCG, Reality, Auto and Bankex lost over 0.5% to 1.9% each whereas Power gained 1.1%. Among stocks, Wipro, Lupin, Adani Ports and Gail gained 1.5-2.7% each, whereas ITC, ICICI Bank, Hero MotoCorp and HUL lost over 1.0% to 2.4% each. However, Market breadth was positive with 1,628 advances against 1,179 declines.

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Nifty closed 19 points lower at 8,659. Today, we expect the markets to open in green on the back of positive global cues.

US Markets closed on a positive note. Dow closed 0.22% up, while Nasdaq closed flat. U.S. stocks headed toward the first back-to-back gains in almost two weeks, with energy producers rallying as crude oil touched a 15-month high and banks gained amid better-than forecast earnings. US markets, today, will see data releases on Unemployment Claims, Existing Home Sales, Natural Gas Storage.

Asian markets are trading on a positive note; Nikkei is trading 1% up, while Hang Seng is trading 0.6% higher. SGX Nifty is trading 34 points higher 8,693. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 1.6% down, while HDFC Bank lost 0.2%. Among IT ADRs, Wipro gained 0.7%, while Infosys gained 0.5%. Tata Motors ADR closed 0.6% higher.

Domestic Indices
19-Oct-16	Index	Chg	Chg(%)
Nifty	8,659.1	-18.8	-0.2
Sensex	27,984.4	-66.5	-0.2
Mid Cap	13,552.7	8.7	0.1
Small Cap	13,351.9	73.1	0.6

Global Indices
	Index	Chg	Chg(%)
Dow Jones	18,202.6	40.7	0.2
Nasdaq	5,246.4	2.6	0.1
S&P 100	950.0	0.9	0.1
Hang Seng	23,451.8	146.8	0.6
Nikkei 225	17,174.1	175.1	1.0

FII & MF Activity (Rs in Crore)
19-Oct-16	Buy	Sell	Net
Cash	4,218.5	4,501.2	-282.8
Index Futures	960.7	1,072.3	-111.7
Stock Futures	7,218.1	7,106.9	111.2
DII	2,711.4	1,986.8	724.6

Top Gainers & Losers
Gainers	Close Price	Chg	Chg(%)
Idea Cellular	76.3	3.5	4.8
BHEL	141.3	5.1	3.7
Tata Power	81.3	2.5	3.2
Wipro	495.0	12.3	2.5
Lupin	1,512.7	31.6	2.1
Losers	Close Price	Chg	Chg(%)
ITC	239.5	-6.5	-2.6
ICICI Bank	265.1	-5.3	-2.0
Hero MotoCorp	3,362.0	-47.5	-1.4
Hindustan Unilever	846.0	-9.6	-1.1
Zee Entertainment	508.4	-5.8	-1.1

Market Breadth
	Advances	Declines	No Chg
BSE	964	783	33
NSE	91	71	1

Commodities & Currency (MCX Futures)
19-Oct-16	Value	Chg	Chg(%)
Gold	29,901.0	115.0	0.4
Brent Crude	3,434.0	0.0	0.0
Silver	42,194.0	19.0	0.0
INR/USD	66.7	0.0	0.0

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