Indian markets shut for Guru Nanak Jayanti on Monday

The securities exchanges (BSE and NSE), forex, currency markets and all product prospects markets will likewise stay close for the general population occasion.

The Indian markets would stay close on Monday, November 14, 2016 because of 'Master Nanak Jayanti'. All the discount item showcases, including bullion and metal, are shut on Monday. The securities exchanges (BSE and NSE), forex, currency markets and all ware fates markets will likewise stay close for people in general occasion.

Exchanging the Indian markets would continue on Tuesday, November 15, 2016.

Author : Wealth Research

Rupee droops 63 paise against US Dollar

Other than remote reserve outpourings and solid request from merchants, a powerless local value advertise additionally weighed on the rupee. The rupee debilitated past the 67-check to hit close to 11-week low against the US dollar.

The Indian rupee shut at lower level since July 26, 2016 following the misfortunes in the Asian coinage and worldwide value markets. Other than remote store surges and solid request from shippers, a frail household value advertise likewise weighed on the rupee. The rupee debilitated past the 67-check to hit almost 11-week low against the US dollar.

Be that as it may, the rupee eradicated its morning misfortunes because of overwhelming interest for American coin from merchants and banks.

The dollar floated close to a 3-1/2-month high versus the yen, in the wake of making enormous increases overnight as the business sectors arranged for a Donald Trump administration that could animate the US economy financially and lift loan costs.

US dollar is walking ahead especially against the developing business sector monetary standards. Chinese Yuan has broken the administration's resilience level of 6.8 against the greenback in seaward markets, while Indian rupee is has retreated towards 67.3 stamp.

The Indian Rupee shut lower by 63 paise at 66.62/$. The neighborhood unit hit a high of 66.80/$ and a low of 66.42/$ today.

The Reserve Bank of India's (RBI) reference rate for the dollar remained at 67.02 while for the Euro it was 73.11. The RBI's reference rate for the Yen remained at 62.94; reference rate for the Great Britain Pound (GBP) remained at 84.1753.

Stock Cash Tips

Author : Wealth Research

Best 15 stocks in concentrate today: Sun Pharma, Tata Chemicals, Wockhardt

BPCL: The organization will report its Q2 numbers today.

Sun Pharma: Sun Pharma reported a more than two-crease hop in its merged net benefit to Rs 2,235 crore for the September quarter. The organization had posted a net benefit after duties, non controlling interests, share of benefit/loss of partners and joint endeavors of Rs 1,028.8 crore for a similar period a year prior.

Goodbye Chemicals: The organization reported a minor increment in its solidified net benefit at Rs 293 crore for the second quarter of the 2016-17 financial, on lower compost deals. Goodbye Chemicals had posted a net benefit of Rs 293 crore in a similar quarter of the 2015-16 monetary.

Bank of Baroda: The bank will report its Q2 numbers today.

Jain Irrigation: The organization reported a net benefit of Rs 28 for the quarter finished September 30, 2016 against a net loss of Rs 5.4 crore in the relating quarter a year ago.

Wockhardt Ltd: Wockhardt reported net income for the quarter declined 13% to Rs 1064.7 cr amid the relating quarter of earlier year. This was inspite of 8% yoy development in the UK business and 15% yoy development in local business.

Dependence Defense and Engineering: The organization's standalone net misfortune contracted to Rs 116 crore for the quarter finished September 30. It had posted a net loss of Rs 170 crore in the July-September time of the past monetary.

Andrew Yule: Andrew Yule reported 79% expansion in its standalone net benefit at Rs 27.14 crore in the second quarter of 2016-17 by virtue of higher wage. The organization had posted a net benefit of Rs 15 crore in the year-prior period.

Mahindra and Mahindra: The organization will declare its Q2 numbers today.

Polaris Consulting and Services: The IT organization on Thursday reported a decrease of 27.88 for each penny in united net benefit at Rs 41.14 crore for the three-month time frame finished on September 30, 2016, and declared that its CEO Jitin Goyal has stopped. The organization had reported a net benefit of Rs 57 crore for the quarter finished on September 30, 2015.

L&T Technology Services: L&T Technology Services posted 20% expansion in its solidified net benefit at Rs 112 crore amid the second quarter finished September 30, 2016. The organization enlisted a net benefit of Rs 93.5 crore in a similar period a year back.

Balmer Lawrie and Co: Balmer Lawrie reported a peripheral ascent of 5.6% in net benefit at Rs 27.6 crore for the July-September quarter contrasted with Rs 26.2 crore in a similar quarter of the earlier year.

Customers Stop: Shoppers Stop is taking a gander at multiplying its portable application downloads to 2 million and 15 percent deals through its computerized touch focuses by 2020, a senior official said.

Author : Wealth Research

Opening Bell - Sensex revives more than 200 focuses; Banking, Metal stocks lead

At 9:15 AM, the S&P BSE Sensex is exchanging at 27,517, up 265 focuses, while NSE Nifty is exchanging at 8,556 up 123 focuses.

The rupee opened lower at 66.39/$ as against the past close of 66.42/$.

Asian markets opened somewhere down in the green as oversold records saw short covering combined with crisp purchasing as the Dow Jones list touched new highs. This after immense intraday swings with US prospects hitting lows of - 800 focuses at one time. Security yields on the US 10 year paper hit more than 2% as hopefulness on development with infra spending rising saw the yields almost 9 month highs.

The business sectors have been irritated for quite a while as far back as the odds of a Trump triumph surfaced however significant wagers stayed on Hillary who in the end needed to surrender vanquish. For the time being, Trump's acknowledgment discourse recommends he has to be sure left the battle "trumpisms" aside and is set to introduce another world request. The US markets might not have saluted his triumph on Wednesday but rather he is known to be a companion of Wall Street.

Bonds and Gold which saw some keen up move neglected to keep up their additions. Banks in India are venturing up action to adapt to disturbance brought about by the withdrawal of Rs 500 and Rs 100 cash notes. While many people are discovering ways and intends to change their high esteem notes, desires are that profit recuperation could be pushed a couple quarters advance.

Author :Wealth Research

LIVE: PM Narendra Modi says Rs 500 and Rs 1,000 notes will not be legal anymore

Going by his promise in 2014 general elections to bring black market money into the regular financial system, Prime Minister Modi on Tuesday in a televised address to the nation said that high denomination notes of Rs 500 and Rs 1000 will no longer be legal. PM Modi announced a “decisive” war against black money and corruption while disclosing a raft of steps to assure the common man that their money is safe.

PM Modi said banks and ATMs will remain closed on November 9 and in some places ATMs may remain closed on November 10. Across the country, people rushed to ATMs where money could be withdrawn in Rs 100 notes, trying to avoid being caught without cash over the next few days. Welcoming the bold step taken by the government, President Pranab Mukherjee called upon the people not to panic as the move would help unearth unaccounted money as well as counterfeit currency.

 The finance ministry said that new banknotes of Rs 500 and Rs 2,000 would be introduced from November 10. The old notes can be deposited in banks and post offices from Nov. 10 to Dec. 30. Governor of the Reserve Bank of India, Urjit Patel, said he saw no impact on liquidity in the wholesale market and that the bank had ramped up production of the new series of notes over the last few months. Experts said Tuesday’s move was the biggest in decades aimed at fighting graft.
Here are the live updates on PM Modi’s speech Today:
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Mid-Afternoon Market Update: Datalink Surges Following Acquisition News; HSN Shares Slide

Toward the end of trading Monday, the Dow traded up 1.95 percent to 18,237.83 while the NASDAQ climbed 2.35 percent to 5,164.77. The S&P also rose, gaining 2.10 percent to 2,128.93.Leading and Lagging Sectors Monday afternoon, technology shares gained by 2.43 percent. Meanwhile, top gainers in the sector included Datalink Corporation (NASDAQ: DTLK ), and Sothebys (NYSE: BID ).In trading on Monday, telecommunications services shares rose by just 0.9 percent. Meanwhile, top losers in the sector included Shenandoah Telecommunications Company (NASDAQ: SHEN ), down 9 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI ), down 7 percent.

Top Headline

LendingClub Corp (NYSE: LC ) reported a smaller loss than analysts estimated for the third quarter. Similarly, revenue also came in above the estimates.The company reported adjusted loss of $0.04 a share, exceeding expectations by $0.03 per share. Its revenue came in at $112.6 million, beating estimates by $9.29 million.Equities Trading UP Blue Nile Inc (NASDAQ: NILE ) shares shot up 34 percent to $40.73 after the company disclosed a deal with Bain Capital Private Equity and Bow Street LLC for $40.75 a share in cash.Shares of Datalink Corporation (NASDAQ: DTLK ) got a boost, shooting up 18 percent to $11.13 after Insight Enterprises, Inc. (NASDAQ: NSIT ) announced plans to acquire Datalink for $11.25 per share in cash.Medallion Financial Corp (NASDAQ: MFIN ) shares were also up, gaining 27 percent to $4.13 following Q3 results. Medallion Financial reported Q3 earnings of $5 million on revenue of $2 million.

Equities Trading DOWN Concordia International Corp (NASDAQ: CXRX ) shares dropped 38 percent to $1.99 after the company reported downbeat results for its third quarter. Concordia also disclosed that it is suspending its guidance. Shares of HSN, Inc. (NASDAQ: HSNI ) were down 10 percent to $32.45 after the company posted weaker-than-expected Q3 earnings. Plug Power Inc (NASDAQ: PLUG ) was down, falling around 10 percent to $1.27 as the company posted a wider-than-expected Q3 loss.Commodities In commodity news, oil traded up 1.07 percent to $44.54 while gold traded down 1.83 percent to $1,280.60.Silver traded down 1.04 percent Monday to $18.18, while copper rose 2.10 percent to $2.31.

Eurozone

European shares closed higher today. The eurozone's STOXX 600 climbed 1.53 percent, the Spanish Ibex Index rose 1.45 percent, while Italy's FTSE MIB Index surged 2.56 percent. Meanwhile the German DAX climbed 1.93 percent, and the French CAC 40 rose 1.91 percent while U.K. shares rose 1.70 percent.Economics Data on consumer credit for September will be released at 3:00 p.m. ET.

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Live Stock Market Updates - Sensex, Nifty choppy; Realty, IT stocks drag

The BSE Mid-cap Index is trading up 0.14% at 13,491 whereas BSE Small-cap Index is trading down 0.14% at 13,563. The INDIA VIX is up 1.196% at 15.6750.

The Indian value showcase opened higher on Tuesday after Chinese assembling gages moved to two-year highs and Bank of Japan kept money related rates unaltered.

At 9:32 AM, the S&P BSE Sensex is exchanging at 27,911 down 19 focuses, while NSE Nifty is exchanging at 8,623 down minor three focuses.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) a gage of assembling execution bounce to 54.4 in October from 52.1 in September, demonstrative of a vigorous change in assembling business conditions in the nation. Fabricating segment development in India hit a 22-month high in October, driven by a sharp and quickened increment in new requests, buying movement and yield.

The BSE Mid-top Index is exchanging up 0.14% at 13,491 while BSE Small-top Index is exchanging down 0.14% at 13,563.

HDFC, Hero MotoCorp, Tata Steel, Lupin and Adani Ports are among the gainers, while ONGC, Axis Bank, Infosys, M&M, Coal India and Sun Pharmaceuticals are losing sheen on BSE.

Some purchasing movement is found in telecom, metal and essential materials divisions, while buyer durables, banking,power, IT, teck and FMCG are indicating shortcoming on NSE.

The INDIA VIX is up 1.196% at 15.6750. Out of 1,870 stocks exchanged on the NSE, 816 declined, 677 progressed and 377 stayed unaltered today.

A sum of 72 stocks enrolled a new 52-week high in exchange today, while six stocks touched another 52-week low on the NSE.

Eicher Motors bounced 3% after the organization reported a 33% expansion in complete deals in October 2016 at 59,127 units as against 44,522 units around the same time a year ago. Amid October 2016, the quantity of cruiser units traded, expanded by 95% to 748 units from 384 units in October 2015.

Strides Shasun Limited picked up 1% after the organization declared that it has gotten endorsement from the United States Food and Drug Administration (USFDA) for Abacavir Tablets USP, 300 mg.

Maruti Suzuki dropped 0.32% to Rs 5,880 after its deals dunked in the month of October. The organization sold 1,33,793 units in October contrasted with 1,34,209 vehicles in October 2015.

BGR Energy Systems took off 5.3% after the organization has been granted the Balance of Plant (BoP) Contract from TANGEDCO for 1x800 MW North Chennai Thermal Power Project - Stage III. BGR Energy secured this agreement in an International focused offering which saw hardened rivalry. The estimation of the agreement is Rs 2,600 crore The agreement fulfillment period is 36 months from the date of honor.

Allcargo Logistics rose 1% to Rs 191 after the organization said its board will meet on 7 November 2016, to consider a proposition for buyback of the value shares of the organization.

Sical Logistics rose 2.33% to Rs 222.10 after the organization securing contract from West Bengal Power Distribution Corporation.

Kitex Garments failed 10.4% to Rs 458 on BSE after net benefit fell 52.4% to Rs 12.92 crore on 20.5% decrease in net deals to Rs 95.55 crore in Q2 September 2016 over Q2 September 2015.

The rupee opened higher by seven paise at 66.72/$ as against the past close of 66.79/$.

Asian markets opened on a powerless note taking after the US files which shut barely in the red after exceptionally run bound exchange. Instability on the US decisions which are expected one week from now combined with ascend in security yields kept slant feeble. The main special case keeps on being Brazil and Russia where the records keep on treading higher with more cash pursuing development as economies see better times ahead. Shared Funds pumped in net Rs. 8,106 crore, outside assets hauled out more than Rs. 10,000 crore in October; a heft of the withdrawals was owing debtors.

The dollar has debilitated. China's assembling division saw its quickest pace of extension as of late as Purchasing Managers' Index (PMI) moved higher to 51.2 in October.

Raw petroleum costs, which were curbed for a considerable length of time rose barely on desires of some agreement among OPEC individuals in overseeing creation. The email adventure might frequent Clinton however surveys recommend she is still ahead in the race for US President. The Bank of Japan kept up business as usual on rates. Encouraged result tomorrow will be peered toward however not a lot is normal in front of US presidential decisions.

India's center parts grew 5% in September driven by solid development in the steel and petroleum items divisions. The development in the Index of Eight Core Industries is more grounded than the 3.2% ascent in August.