Sensex, Nifty to Open on a Positive Note

The indices to open on a positive note. Asian markets traded in the green on opening bell taking cues from the US indices which hit new all time highs. The return of the risk on trade seems imminent with money now entering the developed markets with US, Germany & Japan set to outperform in the near term.With strong expectation of huge infra spend on the anvil the US indices seem set to move higher as higher bond yields coupled with $ strength indicate bullish momentum.

Sensex, Nifty, Live Today, 2016-11-16

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Among the stocks to watch are: 

• Tata Global Beverages: The company reported 48.19% increase in consolidated net profit at Rs 108.14 crore for the quarter ended on September 30, 2016. Tata Global Beverages had posted a net profit of Rs 72.97 crore in July-September quarter a year ago.
• Ambuja Cements, ACC: LafargeHolcim announces that its subsidiary Holderind Investments Ltd. has increased its shareholding in Ambuja Cement Ltd. (Ambuja) by 39,100,000 shares to 1,253,156,361 shares (63.11% of total Ambuja shares) and in ACC Limited (ACC), a subsidiary of Ambuja, by 7,870,000 shares to 8,411,000 shares (4.48% of total ACC shares).
• Apollo Tyres: The company is planning to set up a new factory in Andhra Pradesh to manufacture tyres for two-wheelers and pickup trucks.
• AIA Engineering Ltd: The company has posted a net profit of Rs 112 crore for the quarter ended September 30, 2016 as compared to Rs 99 crore for the quarter ended September 30, 2015.
• Elgi Equipments: The revenue of the company reported 8.4% below estimate of Rs 373 cr, while net profit was reported 3% lower than the estimated figure of Rs 19 cr.
• PSU Oil stocks: PSU Oil stocks in focus after after petrol price on Tuesday cut by Rs 1.46 a litre and diesel by Rs 1.53 per litre.
• PNB Housing Finance: The company registered a rise of 78% in net profit at Rs 137.65 crore for the quarter ended September 30, 2016. Its net profit stood at Rs 77.20 crore in the corresponding July-September quarter of the previous fiscal.
• Container Corporation Of India Ltd: Container Corporation Of India its revenue for the quarter decreased marginally by 8.2% yoy to Rs 1379 cr.
• Jet Airways: Jet Airways has expanded its existing code share pact with Kenya Airways which will allow the African carrier to fly more passengers into India.
• Shree Renuka Sugars: Shree Renuka Sugars posted a net profit of Rs 2.5 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 151 crore for the quarter ended September 30, 2015.
• Vardhman Textiles: Vardhman Textiles posted its net profit was reported 235% higher than the estimated figure of Rs 136 cr. Revenue for the quarter increased marginally by 5.9% yoy to Rs 1564 cr.
• Balrampur Chini Mills: The company has posted a net profit of Rs 106 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 13.6 crore for the quarter ended September 30,2015.
• ABB: ABB has won an order from Alstom to supply 1600 traction transformers for 800 new electric freight locomotives in India.
• GAIL: The company has posted a net profit of Rs 925 crore for the quarter ended September 30, 2016 as compared to Rs 330 crore for the quarter ended September 30, 2015.
• PTC India: Net-revenue for the quarter rose 18.9% yoy to Rs 4050 cr. BHEL: BHEL has expanded its footprint in the international market by securing export orders for supply of industrial motors to the African nations of Togo and Benin.
• Wheels India: The company has signed a technology transfer agreement with Fluitecnik of Spain for hydraulic components used in wind turbines.
• Hind Rectifiers: The company has informed bourses that ICRA Limited has assigned a long term rating of BB+ and a short term rating of A4+. The Long term rating has a 'Stable' outlook.  
• Wheels India: Wheels India has entered into a Technology transfer Agreement with FLUITECNIK, SA, Spain for the manufacture of Hydraulic components for supply to wind mill manufacturers in India.

Results Today: Engineers India,Indraprastha Gas, Voltas, Shipping Corp Of India, Ramco Industries, Net 4 India.

Trends in FII flows: The FIIs were net sellers of Rs 23.53 bn in the cash segment on Tuesday. The DIIs were net sellers of Rs 1.04 bn as per the provisional figures released by the NSE.