Asian shares drop as banks come under pressure, yen soars

Asian shares drop as banks come under pressure, yen soars Asian shares extended losses to three-week lows on Friday after bank shares slumped globally, while the yen soared to a 17-month high against the dollar as investors unwound bets against the yen, calculating that any effort by Japan to drive down the yen would be vigorously opposed by other major economies. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent while Japan’s Nikkei dropped 1.4 percent to near-two-month lows, with financials coming under pressure.

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Wall St down but pares losses after Brussels blasts

Wall St down but pares losses after Brussels blasts Wall Street closed slightly lower on Tuesday, inching back from an initial selloff that followed deadly attacks in Brussels, as declines in consumer and telecom stocks offset a jump in healthcare shares.

The Dow Jones industrial average closed down 41.3 points, or 0.23 percent, to 17,582.57, the S&P 500 lost 1.8 points, or 0.09 percent, to 2,049.8 and the Nasdaq Composite ha added 12.79 points, or 0.27 percent, to 4,821.66.

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Epic Research Update : US Markets

Wall Street ended lower on Monday, falling out of lockstep with oil prices as energy and healthcare shares lost ground.

US indexes gave up early gains despite a 3 percent rally in US oil prices. Stocks and oil have been strongly correlated in recent months as crude prices tanked to decade lows, and their movements in opposite directions during the session was notable to investors.

The Dow Jones industrial average fell 0.74 percent to 16,516.5 points and the S&P 500 lost 0.81 percent to 1,932.22. The Nasdaq Composite dropped 0.71 percent to 4,557.95.

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Epic Research Update : Man Infra Q3

Net profit at Rs 10.4 crore versus Rs 8.9 crore (YoY)  Net sales at Rs 59 crore versus Rs 73.3 crore (YoY) 

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Epic Research Update : AstraZeneca Pharma Q3

Net profit at Rs 1.5 crore versus loss of Rs 17.7 crore (YoY)Net sales at Rs 119 crore versus Rs 105 crore (YoY)

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Epic Research Update : BGR Energy Q3

Net profit at Rs 33.5 crore versus Rs 41.4 crore (YoY) -Total income at Rs 836 crore versus Rs 805 crore (YoY)

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Epic Research Update : Jindal Stainless Q 3

Net loss at Rs 300.6 crore versus loss of Rs 257.4 crore (YoY)  Net sales at Rs 3,006.6 crore versus Rs 2,576.5 crore (YoY)  Board approves forming ‘reorganisation committee’ to evaluate options for reorganising company’s assets

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Epic Research Update : Dhanlaxmi Bank Q3

Net loss at Rs 119.4 crore versus profit of Rs 4.4 crore (YoY)  NII at Rs 56.5 crore versus Rs 74.3 crore (YoY)  Gross NPAs at 7.05 percent versus 5.31 percent (QoQ)  Net NPAs at 4.64 percent versus 3.69 percent (QoQ)  Provisions at Rs 111.7 crore versus Rs 20.1 crore (QoQ), Rs 9.7 crore (YoY)  Capital adequacy ratio (Basel III) at 9.78 percent versus 10.46 percent (QoQ)  Dhanlaxmi Bank writes down investment in destimoney to Rs 3.6 crore from acquired value of Rs 12.2 crore 

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Epic Research Update : NMDC Q3

Net profit at Rs 1,567.3 crore versus Rs 1,292.8 crore (YoY)  Revenue at Rs 2,823.2 crore versus Rs 2,047.7 crore (YoY)  EBITDA at Rs 1,903 crore versus Rs 1,391.3 crore (YoY)  EBITDA margin at 67.4 percent versus 67.9 percent (YoY) 

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Epic Research Update : Jaiprakash Associates Q3

Net loss at Rs 88.7 crore versus profit of Rs 110.9 crore (YoY)  Net sales at Rs 3,138 crore versus Rs 3,398.4 crore (YoY)  EBITDA at Rs 719 crore versus Rs 763 crore (YoY)  EBITDA margin at 22.9 percent versus 22.4 percent (YoY)  Other income at Rs 18.3 crore versus Rs 85 crore (YoY)  Finance costs at Rs 751.5 crore versus Rs 532.7 crore (YoY)

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Epic Research Update : JLR Q3

Net profit at £619 million versus £296 million (YoY)Revenue at £5.33 billion versus £3.80 billion (YoY)  EBITDA at £955 million versus £533 million (YoY)  Operating margin at 17.9 percent versus 14 percent (YoY) 

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Epic Research Update : Tata Motors Q3

Consolidated net profit at Rs 4,805 crore versus Rs 1,627.5 crore (YoY)  Consolidated revenue at Rs 63,877 crore versus Rs 46,089.5 crore (YoY)  Consolidated EBITDA at Rs 9,948 crore versus Rs 5,657 crore (YoY)  Consolidated operating margin at 15.6 percent versus 12.2 percent (YoY)  Standalone net profit at Rs 1,251 crore versus loss of Rs 458.5 crore (YoY)  Standalone revenue at Rs 7,770 crore versus Rs 10,630 crore (YoY)  Standalone EBIT loss of Rs 459 crore versus EBIT profit of Rs 145 crore (YoY) 

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Epic Research Update : Reliance Communications

Strengthens management team, constitutes board of management  Appoints Vinod Sawhny as CEO  Gurdeep Singh, CEO wireless, given additional responsibility as consumer biz CEO  Management board includes Vinod Sawhny, Gurdeep Singh, Punit Garg  Management board includes Bill Barney, Suresh Rangachar  Management board includes Manikantan Iyer, Amit Das 

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Epic Research Update : Results Today

Tata Steel

Dr Reddy's Labs

HPCL

GMR Infrastructure

DB Realty

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Epic Research Update : Indian ADRs

Indian ADRs ended mostly higher on Monday.  In the banking space ICICI Bank jumped 0.62 percent at USD 32.30 and HDFC Bank added 0.96 percent at USD 32.61.  In the IT space Infosys was down 0.26 percent at USD 57.52 and Wipro gained was unchanged at 12.85.  In the other sectors Tata Motors advanced 5.62 percent at USD 30.62 and Dr Reddys Laboratories was up 0.4 percent at USD 43.15.

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Epic Research Update : FIIs in F&O on February 10

FIIs net buy Rs 53 crore in Index Futures

FIIs net sell Rs 573 crore in Index Options

FIIs net buy Rs 18 crore in Stock Futures 

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Epic Research Update : F&O Cues

Nifty 6000 Put added 3.75 lakh shares in Open Interest on February 10 

Nifty 6200 Call added 50000 shares in Open Interest 

Nifty 6100 Call added 4.8 lakh shares in Open Interest 

 Nifty 6300 Call added 2.3 lakh shares in Open Interest 

 Nifty 5900 Put added 92000 shares in Open Interest 

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Epic Research Update : Indian Rupee

Indian rupee moved up marginally in early trade on Tuesday. It opened higher by 6 paise at 62.37 per dollar as against previous day's closing value of 62.43 per dollar. 

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Epic Research Update : Asian Markets

Asian equity markets were mostly higher on Tuesday but volumes were light with Japanese markets closed and as investors awaited a speech from Federal Reserve Chair Janet Yellen.Hong Kong's Hang Seng gained 0.98 percent or 212 points at 21,791.26. Singapore's Straits Times added 0.47 percent or 14.06 points at 3,031.26.  Taiwan's Taiwan Weighted advanced 0.29 percent or 24.50 points at 8,416.45. South Korea's Seoul Composite was up 0.10 percent or 2 points at 1,925.30. China's Shanghai Composite was up 0.09 percent or 1.87 points at 2,087.93.

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Epic Research Update : US Markets

The Dow Jones industrial average was up 7.71 points, or 0.05 percent, at 15,801.79. The Standard & Poor's 500 Index was up 2.82 points, or 0.16 percent, at 1,799.84.The Nasdaq Composite Index was up 22.31 points, or 0.54 percent, at 4,148.17. The S&P 500 is coming off its best two-day performance in four months, which capped the index's first weekly gain in the past four. Those gains were preceded by the index's sharpest pullback in months. 

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