WEEKLY STOCK UPDATES

The March quarter corporate earnings-reports were in line with expectations  Nifty. However, the broader universe continues to witness more downgrades than upgrades Domestic cyclicals continued driving earnings growth for the second consecutive quarter, led by financials which contributed almost the entire earnings delta, but still fell short of expectations. DHFL not facing solvency issue, on track to pay all dues

10 stocks in Focus List post-March quarter results:

State Bank of India

ICICI Bank

Larsen & Toubro

UltraTech Cement

Maruti Suzuki India

Bharti Airtel

Coal India

Indian Oil Corporation

Federal Bank

Asian Paints

WEEKLY STOCK MARKET UPDATE

A historical analysis of past general elections reveals that BankNifty & financials tends to outperform the Nifty ahead of elections Nifty failed to hold on to 11,600 and opened with a gap on the lower side on May 6 tracking weak global cues. The index broke below three crucial short-term moving averages of 5, 13 and 20 days in one trading session.The index formed a bearish candle that resembles a Doji kind of pattern on the daily charts. It represents indecisiveness among the bulls as well as the bears. A Doji is formed if the opening price and the closing price is virtually the sameBuzzing stock Cadila hits 52-week low on 14 observations from USFDA for Moraiya plantGoldiam International zooms 54% in four days; stock hits 52-week high.Aavas Financiers hits new high on robust Q4 results; stock up 23% in 6 days.Deepak Nitrite soars 8% on stellar March quarter earningsADAG stocks dip: Reliance Home Finance at new low; Reliance Capital down 6%.YES Bank falls 5% as ICRA downgrades bonds rating

MARKET SUMMARY OF 23-10-18

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The benchmark indices ended lower on Tuesday weighed by IT and pharmaceutical stocks amid weak Asian markets.The S&P BSE Sensex ended at 33,847, down 287 points, while the broader Nifty50 index settled at 10,147, down 98 points.Among sectoral indices, the Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index, too, declined 2.9 per cent weighed by Sun Pharmaceutical Industries.The rupee traded on a weaker note during the day, slipping to 73.82 per dollar in intra-day trade, up from its previous close of 73.56 per dollar due to steady capital outflows and strengthening of the American currency.

Among individual stocks, Asian Paints fell 4.8 per cent lower to Rs 1,142.45 on the National Stock Exchange, after the company reported 14.4 per cent fall in second-quarter profit, which missed analysts' estimates, hurt by higher expenses. Net profit fell to Rs 493 crore ($67.02 million) in September quarter from Rs 576 crore a year earlier, the company said in a statement. Revenue from operations rose over 8.5 per cent to Rs 4639 crore while total expenses rose about 11 per cent in the quarter. 

TOP GAINERS:HINDPETRO,IDFC,YESBANK

MAJORLOOSERS: WIPRO,GRASIM,SUNPHARMA

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