Stock Market Today: All You Need To Know Going Into Trade On Oct. 18

Stocks in Asia recovered after Monday's slide following an uptick in the S&P 500 closed, which closed above a key technical level. The UK's decision to reverse more of its unfunded tax cuts also aided global market sentiment.

A gauge of the Asia’s equities rose, aided by surge in technology stocks in Hong Kong. Chinese electric-vehicle maker BYD Co.'s shares added over 6% on an expected surge in third-quarter profit.

On Monday, India benchmarks indices gained, as banking, utilities and power stocks helped erase intraday losses. At 8:05 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.82% to 17,457.50.

A Bloomberg gauge of the dollar declined for a second day as most major currencies clawed back some of their recent losses. Treasury yields edged lower.

China’s decision to delay the publication of key economic data including third-quarter gross domestic product may inject a note of caution to trading in the region.

Earnings Post Market Hours

Tata Metaliks Q2 FY23 (Consolidated, YoY)

• Revenue up 36% at Rs 877 crore Vs Rs 645 crore

• EBITDA fell 59% at Rs 40.92 crore Vs Rs 99.89 crore

• EBITDA margin 5% Vs 15%

• Net profit fell 74% at Rs 14.29 crore Vs Rs 54.82 crore

Tata Coffee Q2 FY23 (Consolidated, YoY)

• Revenue up 31% at Rs 718 crore Vs Rs 549 crore

• EBITDA fell 20% at Rs 82.07 crore Vs Rs 102.26 crore

• EBITDA margin 11% Vs 19%

• Net profit up 4x at Rs 142.4 crore Vs Rs 34.04 crore; Net profit for Q2 includes exceptional item from profit from sale of property of Rs 105 crore net of tax.

Spandana Sphoorty Financial Q2 FY23 (Consolidated, QoQ)

• Net interest income up 35.2% to Rs 219 crore 

• Profit after tax of Rs 55 crore vs loss of Rs 220 crore

• Net collection efficiency at 93.3%

• GNPA at 7.47%, NNPA at 3.96%

Maharashtra Seamless Q2 FY23 (Consolidated, YoY)

• Revenue up 48% at Rs 1,411 crore Vs Rs 951 crore

• EBITDA up 74% at Rs 246.44 crore Vs Rs 141.55 crore

• EBITDA margin 17% Vs 15%

• Net profit up 94% at Rs 176.58 crore Vs Rs 90.9 crore

• Recommended issue of bonus shares in the ratio of 1:1

Can Fin Homes Q2 FY23 (Consolidated, QoQ)

• Net interest income up 0.31% to Rs 251.2 crore

• Profit after tax down 12.6% to Rs 141.7 crore

• Gross NPA ratio at 0.62% vs 0.65%

• Net NPA ratio at 0.35% vs 0.30%

• Shriram Transport Finance: The company opened the offer to buy back senior notes maturing in 2023 worth up to $500 million (Rs 4,106.28 crore), issued under its global medium-term note programme.

• Aster DM Healthcare: Aster Pharmacies Group LLC, a material subsidiary of the company, entered into a joint venture agreement with Abdulmohsen Al Hokair Holding Group to establish, manage and operate pharmacy chain across the Kingdom of Saudi Arabia.

• KSB: The company bagged an approval for sale of intellectual property rights/drawings of Bharat Pumps and Compressors Ltd., Naini, Prayagraj.

• Ashiana Housing: The company acquired a piece of additional land admeasuring 2.26 acres on perpetual basis from Mahindra Lifespaces within the township of Mahindra World City at Chennai, taking the total land acquired by the company in the city to 17.90 acres.

• Maharashtra Seamless: The company appointed Sarat Kumar Mohanty as chief financial officer of the company, with effect from Oct. 17, 2022.

• SJVN: SJVN Green Energy Ltd., wholly owned subsidiary of the company, signed an MoU with Assam Power Distribution Company Ltd. for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company.

• Adani Transmission: Provisional operational update Q2 (YoY)

  Electricity units sold increased 13% to 2,233 million units on back of uptick in energy demand, supply reliability of more than 99.9, distribution loss bridged to 6%, operated transmission lines upwards of 99.76%

• Container Corporation of India: Business volume Q2 (YoY)

  • Cargo volume increased 16.63% on-year to 11.44 lakh TEUs.

  • Export-import vertical saw 18% hike in cargo volume at 9.37 lakh units.

  • Domestically, volumes increased 10% to 2.07 lakh units

L&T Technology Services, Tata Communications, ICICI Lombard General Insurance Company, HFCL, Sonata Software, Gujarat Fluorochemicals, Schaeffler India, Polycab India, Praj Industries, Newgen Software Technologies, Network18 Media Investments, Mahindra CIE Automotive, TV18 Broadcast, Tinplate Company, Lloyd Metals, KPIT Technologies, JSW Ispat Special Products, Gujarat Mineral Development Corporation, Anant Raj

• Electronics Mart: Nippon India Mutual Fund bought 24 lakh shares (0.62%) at Rs 89.42 apiece.

• JTL Infra: Renu Swami sold 6.1 lakh shares (1.15%) at Rs 253.21 apiece, Mithan Lal Singla sold 19.81 lakh shares (3.74%) at Rs 248.10 apiece.

• Bajaj Finance: To meet investors and analysts on Oct. 20.

• Glenmark Life Sciences: To meet investors and analysts on Oct. 21.

• Ganesh Housing Corporation: To meet investors and analysts on Oct. 18.

• Capri Global Capital: To meet investors and analysts on Oct. 18.

• eMudhra: To meet investors and analysts on Oct. 20.

• Can Fin Homes: To meet investors and analysts on Oct. 18.

• Motherson Sumi Wiring India: To meet investors and analysts on Dec. 3.

• Quick Heal Technologies: To meet investors and analysts on Oct. 20.

• Schaeffler India: To meet investors and analysts on Oct. 19.

• KPIT Technologies: To meet investors and analysts on Oct. 19.

• Praj Industries: To meet investors and analysts on Oct. 19.

• Shriram City Union Finance: To meet investors and analysts on Oct. 22.

• Aarti Drugs: To meet investors and analysts on Oct. 22.

• Capacite Infraprojects: To meet investors and analysts on Oct. 18.

• Gujarat Fluorochemicals: To meet investors and analysts on Oct. 19.

• Price Band Revised From 10% To 5%: Rachana Infrastructure

• Ex-Date Bonus: Madhya Bharat Agro Products

• Ex-Date Face Value Split: HLE Glascoat

• Record-Date Interim Dividend: Tata Consultancy Services

• Emami: Promoter Groups Sneha Enclave created a pledge of 1.25 lakh shares and Suraj Finvest created a pledge of 6.7 lakh shares on Oct. 12.

• Nifty October futures ended at 17,305.5, a premium of 110 points.

• Nifty October futures gained 2.14% and 5,315 shares in Open Interest.

• Nifty Bank October futures ended at 40,045, a premium of 649.6 points.

• Nifty Bank October futures shed 1.94%, 1,445 shares in Open Interest.

• Securities in the ban list: Indiabulls Housing Finance, Delta Corp, India Cements

• Securities added to ban list: Nil

The rupee closed at 82.35 against the U.S. dollar on Monday, compared to 82.33 close on Friday.

• IDFC First Bank - A Better Tomorrow: Motilal Oswal Initiates Coverage

• Zomato - May Not Be Out Of The Woods Yet: ICICI Securities Re-initiates Coverage

• Poly Medicure - Moving Up The Value Chain In Medical Devices: Systematix

• IndiaMart - Sector Tailwinds To Aid Robust Recovery: ICICI Securities Re-initiates Coverage

• Kalyan Jewellers - Continuous Improvement In Markers With Franchise-Led Expansion Underway: ICICI Securities

• Just Dial - ‘Stealth’ Mode On; Compelling Risk-Reward Skew: ICICI Securities Re-initiates Coverage