Indian equity benchmarks rose in a volatile trading session ahead of the Gujarat and Himachal Pradesh exit polls which were declared later in the day.
The S&P BSE Sensex rose 0.59 percent or 194 points to 33,246.70 and the NSE Nifty 50 Index advanced 0.58 percent or 59 points to 10,252.10.
Here Are The Stocks To Watch Out For In Friday’s Session
- HDFC Bank to consider fund raising proposal on Dec. 20
- HDFC to consider fund raising on Dec. 19; to subscribe securities of HDFC Bank on preferential basis.
- Unichem Laboratories completes sale and transfer of its domestic formulations business to Torrent Pharmaceuticals.
- L&T commissions 225 MW Sikalbaha combined cycle power plant in Bangladesh
- NLC India raises Rs 201.8 crore via QIP.
- Gulf Oil starts commercial production at Chennai plant.
- AstraZeneca to launch XIGDUO XE tablets in India in Q4FY18. The drug is used for the treatment of Type 2 diabetes in adults.
- Mahindra and Mahindra Ltd. to hike prices by up to 3 percent from January 2018.
- McDowell Holdings qualifies as NBFC-CIC, says RBI. Its existing NBFC-ND certificate gets cancelled.
- IDBI Bank brought under rating watch by Fitch saying that an upward viability rating is more likely than a downgrade.
- Union Bank to raise Rs 2,000 crore via QIP by allotting 12.93 crore shares at Rs 514.65.
- Godrej Industries approves merger of promoter group company Vora Soaps with itself.
- Quess Corp acquires 45 percent stake in Simpliance Technologies
- GE, Tata in a strategic tie up to make aircraft engine components in India
- Tata Motors to supply 250 Tigor EVs to EESL
IPO Watch
Shalby Ltd. to list today at Rs 248 per share.
Bulk Deals
Religare Enterprises
- IDBI Trusteeship sold 1.1crore shares or 6.3 percent stake at Rs 58.5 each.
- India Horizon Fund bought 71.50 lakh shares or 4 percent stake at Rs 58.5 each.
- Bay Capital Advisors bought 21.25 lakh shares or 1.2 percent stake at Rs 58.5 each.
F&O Setup
- Nifty Dec. Futures closed trade at 10,276, premium of 24 points versus 22 points
- Dec. Futures: Nifty open interest down 2 percent; Bank Nifty open interest down 9 percent
- India VIX closed up 2.9 percent at 16.4
- Max open interest for Dec. series at 10,500 Call (open interest at 69.5 lakh, up 10 percent)
- Max open interest for Dec. series at 10,000 Put (open interest at 96 lakh, up 12 percent)
F&O Ban
- In ban: Fortis, HDIL, Jain Irrigation, JP Associates, JSW Energy, TV18 Broadcast
- New in ban: TV18 Broadcast
- Out of ban: IRB Infrastructure, Jet Airways
Only intraday positions can be taken in stocks which are in F&O ban. In case of rollover of these intraday positions, there is a penalty.
Active Stock Futures
Earnings Reactions To Watch
Goodluck India (Q2, YoY)
- Revenue up 23 percent at Rs 312.5 crore
- Net profit up 39 percent at Rs 5 crore
- Ebitda up 24 percent at Rs 26 crore
- Margin unchanged at 8.3 percent
Sree Rayalaseema Hi-Strength Hypo (Q2, YoY)
- Revenue up 21 percent at Rs 126 crore
- Net profit up 24 percent at Rs 5.2 crore
- Ebitda up 4 percent at Rs 12 crore
- Margin at 9.5 percent from 11.1 percent
Linc Pens and Plastics (Q2, YoY)
- Revenue down 6 percent at Rs 79 crore
- Net profit down 62 percent at Rs 1.6 crore
- Ebitda down 10 percent at Rs 7.8 crore
- Margin at 9.9 percent from 10.4 percent
Lovable Lingerie (Q2, YoY)
- Revenue down 11 percent at Rs 47 crore
- Net profit down 24 percent at Rs 3.2 crore
- Ebitda down 31 percent at Rs 3.1 crore
- Margin at 6.6 percent from 8.5 percent
Kopran (Q2, YoY)
- Revenue down 7.6 percent at Rs 73 crore
- Net profit unchanged at Rs 4.5 crore
- Ebitda up 8 percent at Rs 7 crore
- Margin at 9.6 percent from 8.2 percent
Earnings Today
Patel Engineering
Bloomberg Quint
