Epic Research: Epic Research Closing Bell

Epic Research Closing Bell

The market ended wih minor losses as the Sensex was down 38.96 points at 26265.24. The Nifty slipped 1.15 points at 7954.30. About 1050 shares advanced, 1620 shares declined, and 139 shares were unchanged. SBI, Reliance, Coal India, Infosys and Lupin were top gainers while Dr Reddy’s Labs, Tata Steel, Tata Motors, Vedanta and GAIL were losers.

Voltas has reported 11.33% rise in its net profit at Rs 91.18 crore for the quarter ended September 30, 2015 as compared to Rs 81.90 crore for the same quarter in the previous year. However, the company’s total income has decreased by 0.17% to Rs 1024.59 crore for the quarter under review from Rs 1026.31 crore for the corresponding quarter of the previous year.

Ramco Cements has reported 54.63% rise in its net profit at Rs 138.72 crore for the quarter ended September 30, 2015 as compared to Rs 89.71 crore for the same quarter in the previous year. However, the company’s total income has decreased by 6.28% to Rs 893.92 crore for the quarter under review from Rs 953.83 crore for the corresponding quarter of the previous year.

State Bank of India (SBI) has reported 25.11% rise in its net profit at Rs 3879.07 crore for the quarter ended September 30, 2015 as compared to Rs 3100.41 crore for the same quarter in the previous year. The bank’s total income has increased by 12% to Rs 46854.81 crore for the quarter under review from Rs 41833.36 crore for the corresponding quarter of the previous year.

Motherson Sumi Systems has reported 36.25% rise in its net profit at Rs 196.98 crore for the quarter ended September 30, 2015 as compared to Rs 144.57 crore for the same quarter in the previous year. The company’s total income has increased by 11.44% to Rs 1462.9 crore for the quarter under review from Rs 1312.69 crore for the corresponding quarter of the previous year.

Mahindra & Mahindra has reported 2.44% fall in its net profit at Rs 923.56 crore for the quarter ended September 30, 2015 as compared to Rs 946.63 crore for the same quarter in the previous year. The company’s total income has decreased by 1.67% to Rs 9730.92 crore for the quarter under review from Rs 9895.97 crore for the corresponding quarter of the previous year.

Gateway Distriparks has reported 60.37% fall in its net profit at Rs 14.21 crore for the quarter ended September 30, 2015 as compared to Rs 35.86 crore for the same quarter in the previous year. The company’s total income has decreased by 10.66% to Rs 72.60 crore for the quarter under review from Rs 81.26 crore for the corresponding quarter of the previous year.

Commodity-
Gold futures regain some ground but upside limited; Crude oil prices edge up; but oversupply, strong dollar drag;Imported Edible Oil Rates At Major Domestic Ports On 6th October 2015; MMC Nickel Output Drops In Q3; Lead marginally up on spot demand; Zinc up 0.3% on spot demand; Aluminium down by 0.2% on global cues.

Data to watch-

7:00pm	CAD		Employment Change		9.5K	12.1K
		CAD		Unemployment Rate		7.1%	7.1%
		CAD		Building Permits m/m		1.4%	-3.7%
		USD		Average Hourly Earnings m/m		0.2%	0.0%
		USD		Non-Farm Employment Change		181K	142K
		USD		Unemployment Rate		5.0%	5.1%
	8:30pm	GBP		NIESR GDP Estimate			0.5%