Sensex, Nifty Resume Gains After One-Day Blip

Indian equity benchmarks ended marginally higher after a one-day blip.

The benchmark indices which traded lower during the day, pared losses during the last 30-minute trade, led by the gains in private banks.

The S&P BSE Sensex rose 0.05 percent to end at 40,345.08 and the NSE Nifty 50 rose 0.04 percent to close at 11,913.45. The broader markets represented by the NSE Nifty 500 Index rose 0.13 percent.

The market breadth was tilted in favour of buyers. About 902 stocks advanced and 890 shares declined on National Stock Exchange.

Six out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 2.82 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.53 percent.

Shares of HDFC Bank rose 1 percent to Rs 1,267.

About 23.9 lakh shares of HDFC Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Shares of AstraZeneca Pharma rose as much as 7.9 percent to Rs 2,688 after the company announced September quarter results.

Key Earnings Highlights (Q2, YoY)

• Revenue up 29.2 percent to Rs 208.5 crore.
• Net profit up 58.2 percent to Rs 14.4 crore.
• Ebitda up 2.3 times to Rs 33.6 crore.
• Margin at 16.1 percent versus 9.2 percent.

Narayana Hrudalaya

• Stock rose as much as 11.3 percent to Rs 305.95.
• Trading volume was more than 11 times its 20-day average.

Amara Raja Batteries

• Stock rose as much as 8.8 percent to Rs 711.90.
• Trading volume was almost 11 times its 20-day average.

Tube Investments

• Stock rose as much as 2.3 percent to Rs 448.50.
• Trading volume was more than five times its 20-day average.

Asahi India Glass

• Stock rose as much as 5 percent to Rs 200.05.
• Trading volume was more than nine times its 20-day average.

FDC

• Stock rose as much as 8.9 percent to Rs 193.80.
• Trading volume was more than seven times its 20-day average.

Indian equity benchmarks traded off day’s low. The benchmark indices were fluctuating between gains and losses in the opening trade.

The S&P BSE Sensex fell 0.12 percent to 40,271 as of 2:05 p.m. and the NSE Nifty 50 fell 0.14 percent to 11,891. The broader markets represented by the NSE Nifty 500 Index traded little changed.

Stocks in Hong Kong led most Asian shares lower Monday, after a protester was shot by police during the morning commute. U.S. and European equity futures slipped as investors parsed the latest developments in the trade conflict.

• The MSCI Asia Pacific Index fell 0.8 percent.
• Japan’s Topix index was little changed at the close.
• Hong Kong’s Hang Seng fell 2.9 percent.
• The Shanghai Composite Index dropped 1.8 percent.
• Futures on the S&P 500 slipped 0.4 percent.
• The underlying gauge added 0.3 percent on Friday.
• Euro Stoxx 50 futures fell 0.3 percent.
• Australia’s S&P/ASX 200 Index added 0.7 percent.
• South Korea’s Kospi index lost 0.6 percent.

Get your daily fix of global markets here.
Source: Bloomberg

Six out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Media Index’s 1.74 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.86 percent.

Indian equity benchmarks traded lower after fluctuating between gains and losses in the opening trade.

The S&P BSE Sensex fell 0.34 percent to 40,186 and the NSE Nifty 50 fell 0.4 percent to 11,865. The broader markets represented by the NSE Nifty 500 Index fell 0.17 percent.

Key Sales Highlights (YoY)

• Domestic passenger vehicle sales flat at 2,85,027 units versus 2,84,223 units.
• Domestic truck and bus sales fell 23.3 percent to 66,773 units.
• Domestic car sales decline 6.3 percent to 1,73,649 units.
• Domestic two-wheeler sales fell 4.4 percent to 17,57,264 units.

Source: SIAM

Shares of Motherson Sumi rose 2.4 percent to Rs 132.31 after the company announced September quarter results.

Key Earnings Highlights (Q2, YoY)

• Revenue up 6 percent to Rs 15,709 crore.
• Net profit down 7.6 percent to Rs 458 crore.
• Ebitda up 5 percent to Rs 1105 crore.
• Margin at 7.0 percent versus 7.0 percent.

Shares of Yes Bank extended gains for the second consecutive trading session. The stock rose as much as 4.3 percent to Rs 71.90.

About 10 lakh shares of the Mumbai-based lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

The scrip advanced 7 percent in the past five days and rallied 79 percent in the past 30 days, Bloomberg data showed.

About 15.7 lakh shares of Dewan Housing Finance Corporation changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Nifty’s 12,000 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the weekly contract, which is set to expire on Thursday, fell 27.41 percent to Rs 29. Over 6.32 lakh shares were added to the open interest which stood at over 32.33 lakh shares.

Ashok Leyland (Q2, YoY)

• Stock fell as much as 7.3 percent to Rs 71.
• Revenue fell 48.4 percent to Rs 3,929.5 crore.
• Net profit fell 92.6 percent to Rs 38.9 crore.
• Ebitda fell 72.4 percent to Rs 228.5 crore.
• Margin stood at 5.8 percent versus 10.9 percent.

Sobha (Q2, YoY)

• Stock fell as much as 3.2 percent to Rs 428.
• Revenue rose 19 percent to Rs 783.9 crore.
• Net profit rose 9.1 percent to Rs 67 crore.
• Ebitda rose 83.6 percent to Rs 257.4 crore.
• Margin stood at 32.8 percent versus 21.3 percent.
• Finance Costs rose 3 times to Rs 166.7 crore.

Tata Power (Q2, YoY)

• Stock fell as much as 3.4 percent to Rs 57.55.
• Revenue rose 4.4 percent to Rs 7,677.8 crore.
• Net profit fell 19.5 percent to Rs 270.2 crore.
• Ebitda rose 29.2 percent to Rs 2,256 crore.
• Margin stood at 29.4 percent versus 23.8 percent.
• Other Income was at Rs 226.2 crore versus Rs 104.6 crore.
• One-off tax impact of Rs 153 crore.
• Deferred Tax Liability of Rs 75 crore recognised in the current quarter.

Bank of Baroda (Q2, YoY)

• Stock rose as much as 5.4 percent to Rs 98.90.
• Net interest income rose 56.4 percent to Rs 7,028 crore.
• Net profit rose 73.2 percent to Rs 736.7 crore.
• Provisions stood at Rs 4,209.2 crore versus Rs 2,429.5 crore (Rs 3284.9 crore QoQ)
• Gross NPA stood at 10.25 percent versus 10.28 percent QoQ.
• Net NPA was at 3.91 percent versus 3.95 percent QoQ.

Equitas Holdings (Q2, YoY)

• Stock fell as much as 9.6 percent to Rs 88.05.
• Net interest income rose 27.4 percent to Rs 377.9 crore.
• Net profit fell 20.1 percent to Rs 41.3 crore.
• Advances rose 33 percent to Rs 13,269 crore.

Teamlease Services (Q2, YoY)

• Stock fell as much as 6.7 percent to Rs 2,605.10.
• Revenue rose 16.2 percent to Rs 1,267.8 crore.
• Net profit fell 18.9 percent to Rs 20.2 crore.
• Ebitda rose 1.7 percent to Rs 24.5 crore.
• Margin stood at 1.9 percent versus 2.2 percent.

IDBI Bank (Q2, YoY)

• Stock rose as much as 4.2 percent to Rs 34.45.
• Net interest income rose 25.4 percent to Rs 1,631.5 crore.
• Net loss was at Rs 3,458.8 crore versus net loss of Rs 3,602.5 crore.
• Provisions were at Rs 3,544.9 crore versus Rs 5,481.6crore (Rs 7,009.5 crore QoQ).
• GNPA was at 29.43 percent versus 29.12 percent QoQ.
• NNPA stood at 5.97 percent versus 8.02 percent QoQ.

Akzo Nobel (Q2, YoY)

• Stock fell as much as 8.5 percent to Rs 1,970.
• Revenue fell 11.2 percent to Rs 633.8 crore.
• Net profit rose 34 percent to Rs 49.3 crore.
• Ebitda rose 11.7 percent to Rs 72.8 crore.
• Margin stood at 11.5 percent versus 9.1 percent.

Narayana Hrudayalaya (Q2, YoY)

• Stock rose as much as 9 percent to Rs 299.90.
• Revenue rose 15.6 percent to Rs 822.3 crore.
• Net profit rose 3.3 times to Rs 45.4 crore.
• Ebitda rose 66.9 percent to Rs 121.7 crore.
• Margin stood at 14.8 percent versus 10.3 percent.

Chalet Hotels (Q2 , YoY)

• Stock rose as much as 2.8 percent to Rs 335.
• Revenue was flat at Rs 235.4 crore versus Rs 234.5 crore.
• Net profit was at Rs 10.3 crore versus net loss of Rs 12.5 crore.
• Ebitda rose 2.6 times to Rs 81.6 crore.
• Margin stood at 34.6 percent versus 13.3 percent.

NTPC (Q2, YoY)

• Stock rose as much as 1.8 percent to Rs 119.50.
• Revenue rose 2.3 percent to Rs 22,764.6 crore.
• Net profit rose 34.5 percent to Rs 3,262.4 crore.
• Ebitda rose 13.5 percent to Rs 6,346.2 crore.
• Margin stood at 27.9 percent versus 25.1 percent.
• Other Income rose 4 times to Rs 8,93.7 crore.

JK Cement (Q2, YoY)

• Stock fell as much as 4.9 percent to Rs 1,125.
• Revenue rose 14 percent to Rs 1,254.2 crore.
• Net profit rose 68.2 percent to Rs 108.8 crore.
• Ebitda rose 49.6 percent to Rs 254 crore.
• Margin stood at 20.3 percent versus 15.4 percent.
• Power and fuel expenses were down 7 percent to Rs 224.4 crore.

Affle (Q2, YoY)

• Stock rose as much as 9.6 percent to Rs 1,530.
• Revenue rose 40.2 percent to Rs 84.7 crore.
• Net profit rose 51.5 percent to Rs 15.6 crore.
• EBIT rose 46.9 percent to Rs 18.8 crore.
• Margin at 22.2 percent versus 21.2 percent.

Amara Raja Batteries (Q2, YoY)

• Stock rose as much as 6.9 percent to Rs 699.90.
• Revenue fell 3.3 percent to Rs 1,695.3 crore.
• Net profit rose 81.9 percent to Rs 218.6 crore.
• Ebitda rose 23.4 percent to Rs 292 crore.
• Margin stood at 17.2 percent versus 13.5 percent.

Lakshmi Vilas Bank (Q2, YoY)

• Stock fell as much as 4.9 percent to Rs 19.45.
• Net interest income fell 27.4 percent to Rs 109.6 crore.
• Net loss was at Rs 357.2 crore versus net loss of Rs 132.3 crore.
• Provision were at Rs 303.1 crore versus Rs 146.1crore (Rs 154.6crore QoQ).
• GNPA stood at 21.25 percent versus 17.3 percent QoQ.
• NNPA was at 10.47 percent versus 8.3 percent QoQ.

VRL Logistics (Q2, YoY)

• Stoc rose as much as 4.3 percent to Rs 273.85.
• Revenue rose 1.3 percent to Rs 523.8 crore.
• Net profit rose 68.4 percent to Rs 34.7 crore.
• Ebitda rose 35.3 percent to Rs 73.2 crore.
• Margin was at 14 percent versus 10.5 percent.

Oil India (Q2, QoQ)

• Stock fell as much as 1.8 percent to Rs 162.55.
• Revenue fell 4.7 percent to Rs 3221.1 crore.
• Net profit fell 21.9 percent to Rs 661.5 crore.
• Ebitda fell 8.1 percent to Rs 1243.7 crore.
• Margin stood at 38.6 percent versus 40 percent.

Shares of Kesoram Industries rose as much as 9.5 percent to 67.50.

The Kolkata bench of National Company Law Tribunal has approved demerger of the company’s tyre business— Birla Tyres—to a separate company with effect from Jan. 1, 2019.

Trading volume was almost four times its 20-day average, Bloomberg data showed. The stock advanced 12 percent in the past five days and rallied 34 percent in the past 30 days.

Shares of Laurus Labs fluctuated between gains and losses to trade 1.5 percent higher at 371.50.

The drugmaker said that it has received two observations from U.S. Food and Drug Administration for its FDF & API Integrated Facility, Unit 2 at Visakhapatnam. The company said that these observations are procedural in nature.

The stock traded at 22 times its estimated earnings per share for the coming year, Bloomberg data showed.

Shares of Nestle India fell as much as 1.5 percent to Rs 14,260 after the company announced September quarter results.

Key Earnings Highlights (Q3, CY19 YoY)

• Revenue rose 9.4 percent to Rs 3,215.8 crore.
• Net profit rose 33.5 percent to Rs 595.4 crore.
• Ebitda rose 3.6 percent to Rs 751.4 crore.
• Margin stood at 23.4 percent versus 24.7 percent.
• Other Income fell 16 percent to Rs 56.4 crore.
• Export sales fell 7.1 percent due to lower coffee exports to Turkey.

Indian equity benchmarks opened lower, extending declines for the second consecutive trading session.

The S&P BSE Sensex fell 0.18 percent to 40,253 and the NSE Nifty 50 fell 0.22 percent to 11,881.60. The broader markets represented by the NSE Nifty 500 Index fell 0.19 percent.

The market breadth, however, was tilted in favour of buyers. About 729 stocks advanced and 619 shares declined on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Pharma Index’s 1.25 percent fall. On the flipside, the NSE Nifty FMCG Index was the top sectoral gainer, up 0.25 percent.

Index Futures

• Nifty November futures closed at 11,945.3, premium of 37.2 points versus 35.9 points.
• Nifty November Futures open interest down 2.4 percent, sheds 3.8 lakh shares in open interest.
• Nifty Bank November futures closed at 30,759, premium of 9.6 points versus 31.3 points.
• Nifty Bank November futures series open interest up 19 percent, adds 2.6 lakh shares in open interest.

Options

• Nifty PCR at 1.26 versus 1.46 (across all series).

Nifty Weekly Expiry: Nov. 14

• Max open interest on call side at 12,000 (26 lakh shares).
• Max open interest on put side at 11,700 (12.8 lakh shares).
• Open interest addition seen at 12,000C (12 lakh shares), 12,100C (+9.5 lakh shares), 11,800P (+2.4 lakh shares).

Nifty Monthly Expiry: Nov. 28

• Max open interest on call side at 12,000 (19.1 lakh shares).
• Max open interest on put side at 11,600 (20.4 lakh shares).

• IIFL Finance to meet IDFC MF, Motilal Oswal AMC and other investors from Nov. 11-13.
• Tata Steel to meet B&K Securities and Barings Asset Management from Nov. 11-29.
• Sudarshan Chemical Industries to meet Dalton Investment and Marval Capital on Nov. 14.
• Tata Communications to meet RARE Enterprises, Enam and other investors from Nov. 11-14.

• Seya Industries to move into ASM Framework.
• Vikas Proppant & Granite, Mercator to move out of ASM Framework.
• Seya Industries, Vikas EcoTech, Phyto Chem price band revised to 5 percent.
• Indo Count Industries, MSTC, Waterbase, Zee Learn to move into short term ASM Framework.

The Indian rupee opened lower against the U.S. dollar. The home currency depreciated as much as 0.1 percent to 71.35 against the greenback.

Indian equity indices are set for a muted start.

The S&P BSE Sensex and the NSE Nifty 50 traded little changed 40,382.54 and 11,898 respectively during the pre-market trade.

• Indo Count Industries said that it has paid Rs 83 crore to the Customs Department and the balance amount will be paid by the company. The Customs Commissioner had passed an adjudication order of around Rs 104 crore seeking refund of export benefits on Nov. 7.
• Piramal Enterprises: ICRA has downgraded Piramal’s promoter entity Aasan Corp's rating on Rs 1,900 crore worth outstanding non-convertible debentures to ‘ICRA A-’. The downgrade driven by deterioration in operating environment owing to tight liquidity in market. Of the total guaranteed debt of Rs 1,675 crore, Rs 1,350 crore is due for repayment in the fiscal year 20.  Aasan's loans are guaranteed by Piramal Enterprises' promoter entities like The Sri Krishna Trust and PRL Realtors. (ICRA Rating Report)
• Laurus Labs said that it has received two observations from U.S. Food and Drug Administration for its FDF & API Integrated Facility, Unit 2 at Visakhapatnam. Company said that these observations are procedural in nature.
• IDBI Bank: Board approved the proposal for sale of entire stake of the Bank in IDBI Asset Management and IDBI Mutual Fund Trustee Company and the execution of the Share Purchase Agreement in this regard.
• Aurobindo Pharma clarified on the news of company’s buyout of Sandoz assets being delayed on FTC query is factually incorrect.
• Lupin received U.S. FDA approval for company’s Zileulon Extended-Release Tablets to market generic equivalent of Zyflo CR for treatment of asthma.
• JSW Steel: India Ratings reaffirmed long-term issuer rating to "IND AA" for NCD program of the company. The Outlook on the long-term rating has been revised to Negative from Stable. The Outlook revision reflects the agency’s view of fall in per ton margins and its impact on company’s credit profile in 2019-20.
• ICICI Bank said that there is no impact on Moody’s downgrade on Nov. 8. Moody's has announced a rating action on the MTN program rating for the Bank's Bahrain branch to align with Bahrain's sovereign rating. There are no bonds outstanding from the Bahrain branch.
• TTK Prestige has completed expansion facilities at its Tamil Nadu and Gujarat facilities for manufacture of stainless-steel pressure cookers/kitchenware and the commercial production has commenced.
• Raymond to seek shareholders nod to issue equity shares and preference shares aggregating to Rs 350 crore to promoter group company JK Investo Trade on Dec. 2.
• CreditAccess Grameen has completed allotment of NCDs worth Rs 214 to Nederlandse Financierings.
• NDTV received notice from Delhi High Court with regard to a suit for permanent and mandatory injunction, directions and damages instituted by Luv Ranjan claiming damages of Rs 25 crore for defamation. The company has rejected any charges of defamation and contest the matter on Dec. 9.
• Narayana Hrudayalaya: Board approved closure of operation of Whitefield (Bengaluru) unit of the company.
• Goa Carbon October production up 5 percent at 11,584 million tonne versus 10,987.6 MT.
• E.I.D Parry October sugar sales fell 14 percent at 0.24 MT versus 0.28 MT.
• Apollo Micro Systems received order worth Rs 16.9 crore from Ministry of Defense, Government of India.
• Zee Media term loan rating cut to ‘BB’ from ‘BBB’ by Care Ratings.
• Onward Technologies’ arm has initiated full repayment of all outstanding debt.
• Nila Infrastructures received work order worth Rs 50.3 crore from Ahmedabad Municipal Corporation.
• NTPC: Board has approved merger of wholly owned arm Kanti Bijlee Utpadan Nigam and Nabinagar Power Generating Company with self.
• 8K Miles Software Services: Management replied on impact of Audit Qualifications stating that the management have clarified and worked in tandem with audit team. The management also affirmed that company’s arm BK Miles Media has no nexus except for the common promoters in the group transactions.
• Infosys along with certain current and former key managerial personnel have submitted applications with the Registrar of Companies for compounding of certain alleged offences that pertain to matters relating to the severance agreement executed with the former Chief Financial Officer , Rajiv Bansal.
• Vodafone Idea: Brickwork Ratings downgraded ratings NCD from ‘BWR A+’ to ‘BWR A-’, with outlook changing from Negative to Rating Watch with Negative Implications.
• L&T has entered into an amended agreement with Canadian Pension Plan Investment Board, where the Board will hold 48.99 percent stake in the company’s arm L&T Infrastructure Developments via Compulsorily Convertible Preference Shares.
• Kesoram Industries: The National Company Law Tribunal Kolkata has approved demerger of the Tyre business of the company to a separate company- Birla Tyres with effect from Jan. 1, 2019.

Nifty Earnings To Watch

• Britannia Industries
• Adani Ports and Special Economic Zone
• Coal India
• Hindalco Industries

Other Earnings To Watch

• Motherson Sumi Systems
• Embassy Office Parks REIT
• Phoenix Mills
• NHPC
• NMDC
• Oil India
• Entertainment Network (India)
• Jindal Stainless
• Bombay Dyeing & Mfg Company
• Alembic
• Alkem Laboratories
• General Insurance Corporation of India
• Globus Spirits
• Mahanagar Gas
• Metropolis Healthcare
• Astra Microwave Products
• AstraZeneca Pharma
•   Astron Paper & Board Mill
• Atul Auto
• Eros International Media
• Hindustan Aeronautics
• Balrampur Chini Mills
• Bliss GVS Pharma
• Aban Offshore
• ADF Foods
• Deccan Cements
• Filatex India
• FINOLEX INDUSTRIES
• Harrisons  Malayalam
• Hind Rectifiers
• IFGL Refractories
• INDIA CEMENTS
• Indian Terrain Fashions
• Indo Count Industries
• Ind-Swift Laboratories
• KEI Industries
• Kolte - Patil Developers
• Linde India
• Nesco
• Olectra Greentech
• Omax Autos
• Punjab & Sind Bank, Rolta India
• Shalby
• Shankara Building Products
• Sheela Foam
• SJVN
• Sundaram Finance
• Suprajit Engineering
• Tourism Finance Corporation of India

Earning Reactions To Watch

Nestle (Q3, CY19 YoY)

• Revenue rose 9.4 percent to Rs 3,215.8 crore.
• Net profit rose 33.5 percent to Rs 595.4 crore.
• Ebitda rose 3.6 percent to Rs 751.4 crore.
• Margin stood at 23.4 percent versus 24.7 percent.
• Other Income fell 16 percent to Rs 56.4 crore.
• Export sales fell 7.1 percent due to lower coffee exports to Turkey.

Ashok Leyland (Q2, YoY)

• Revenue fell 48.4 percent to Rs 3,929.5 crore.
• Net profit fell 92.6 percent to Rs 38.9 crore.
• Ebitda fell 72.4 percent to Rs 228.5 crore.
• Margin stood at 5.8 percent versus 10.9 percent.

Sobha (Q2, YoY)

• Revenue rose 19 percent to Rs 783.9 crore.
• Net profit rose 9.1 percent to Rs 67 crore.
• Ebitda rose 83.6 percent to Rs 257.4 crore.
• Margin stood at 32.8 percent versus 21.3 percent.
• Finance Costs rose 3 times to Rs 166.7 crore.

Tata Power (Q2, YoY)

• Revenue rose 4.4 percent to Rs 7,677.8 crore.
• Net profit fell 19.5 percent to Rs 270.2 crore.
• Ebitda rose 29.2 percent to Rs 2,256 crore.
• Margin stood at 29.4 percent versus 23.8 percent.
• Other Income was at Rs 226.2 crore versus Rs 104.6 crore.
• One-off tax impact of Rs 153 crore.
• Deferred Tax Liability of Rs 75 crore recognised in the current quarter.

Bank of Baroda (Q2, YoY)

• Net interest income rose 56.4 percent to Rs 7,028 crore.
• Net profit rose 73.2 percent to Rs 736.7 crore.
• Provisions stood at Rs 4,209.2 crore versus Rs 2,429.5 crore (Rs 3284.9 crore QoQ)
• Gross NPA stood at 10.25 percent versus 10.28 percent QoQ.
• Net NPA was at 3.91 percent versus 3.95 percent QoQ.

Equitas Holdings (Q2, YoY)

• Net interest income rose 27.4 percent to Rs 377.9 crore.
• Net profit fell 20.1 percent to Rs 41.3 crore.
• Advances rose 33 percent to Rs 13,269 crore.

Teamlease Services (Q2, YoY)

• Revenue rose 16.2 percent to Rs 1,267.8 crore.
• Net profit fell 18.9 percent to Rs 20.2 crore.
• Ebitda rose 1.7 percent to Rs 24.5 crore.
• Margin stood at 1.9 percent versus 2.2 percent.

IDBI Bank (Q2, YoY)

• Net Interest Income rose 25.4 percent to Rs 1,631.5 crore.
• Net loss was at Rs 3,458.8 crore versus net loss of Rs 3,602.5 crore.
• Provisions were at Rs 3,544.9 crore versus Rs 5,481.6crore (Rs 7,009.5 crore QoQ).
• GNPA was at 29.43 percent versus 29.12 percent QoQ.
• NNPA stood at 5.97 percent versus 8.02 percent QoQ.

Akzo Nobel (Q2, YoY)

• Revenue fell 11.2 percent to Rs 633.8 crore.
• Net profit rose 34 percent to Rs 49.3 crore.
• Ebitda rose 11.7 percent to Rs 72.8 crore.
• Margin stood at 11.5 percent versus 9.1 percent.

Narayana Hrudayalaya (Q2, YoY)

• Revenue rose 15.6 percent to Rs 822.3 crore.
• Net profit rose 3.3 times to Rs 45.4 crore.
• Ebitda rose 66.9 percent to Rs 121.7 crore.
• Margin stood at 14.8 percent versus 10.3 percent.

Chalet Hotels (Q2 , YoY)

• Revenue was flat at Rs 235.4 crore versus Rs 234.5 crore.
• Net profit was at Rs 10.3 crore versus net loss of Rs 12.5 crore.
• Ebitda rose 2.6 times to Rs 81.6 crore.
• Margin stood at 34.6 percent versus 13.3 percent.

NTPC (Q2, YoY)

• Revenue rose 2.3 percent to Rs 22,764.6 crore.
• Net profit rose 34.5 percent to Rs 3,262.4 crore.
• Ebitda rose 13.5 percent to Rs 6,346.2 crore.
• Margin stood at 27.9 percent versus 25.1 percent.
• Other Income rose 4 times to Rs 8,93.7 crore.

JK Cement (Q2, YoY)

• Revenue rose 14 percent to Rs 1,254.2 crore.
• Net profit rose 68.2 percent to Rs 108.8 crore.
• Ebitda rose 49.6 percent to Rs 254 crore.
• Margin stood at 20.3 percent versus 15.4 percent.
• Power and fuel expenses were down 7 percent to Rs 224.4 crore.

Affle (Q2, YoY)

• Revenue rose 40.2 percent to Rs 84.7 crore.
• Net profit rose 51.5 percent to Rs 15.6 crore.
• EBIT rose 46.9 percent to Rs 18.8 crore.
• Margin at 22.2 percent versus 21.2 percent.

Amara Raja Batteries (Q2, YoY)

• Revenue fell 3.3 percent to Rs 1,695.3 crore.
• Net profit rose 81.9 percent to Rs 218.6 crore.
• Ebitda rose 23.4 percent to Rs 292 crore.
• Margin stood at 17.2 percent versus 13.5 percent.

Lakshmi Vilas Bank (Q2, YoY)

• Net Interest Income fell 27.4 percent to Rs 109.6 crore.
• Net loss was at Rs 357.2 crore versus net loss of Rs 132.3 crore.
• Provision were at Rs 303.1 crore versus Rs 146.1crore (Rs 154.6crore QoQ).
• GNPA stood at 21.25 percent versus 17.3 percent QoQ.
• NNPA was at 10.47 percent versus 8.3 percent QoQ.

VRL Logistics (Q2, YoY)

• Revenue rose 1.3 percent to Rs 523.8 crore.
• Net profit rose 68.4 percent to Rs 34.7 crore.
• Ebitda rose 35.3 percent to Rs 73.2 crore.
• Margin was at 14 percent versus 10.5 percent.

Oil India (Q2, QoQ)

• Revenue fell 4.7 percent to Rs 3221.1 crore.
• Net profit fell 21.9 percent to Rs 661.5 crore.
• Ebitda fell 8.1 percent to Rs 1243.7 crore.
• Margin stood at 38.6 percent versus 40 percent.

• 11:30 a.m.: India car sales data for October
• 5:30 p.m.: India September Industrial Output YoY; (Estimate: -2.3 percent) (prior-1.1 percent)

• The S&P 500 Index ticked up to a new closing high on Friday, surpassing a record set the previous session and registering its fifth consecutive weekly gain, sparked by optimism that global growth troubles are dissipating.
• Oil erased an early loss on Friday, capping a weekly gain as investors shrugged off a comment by President Donald Trump that the U.S. hasn’t agreed to fully roll back tariffs with China.

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Good Morning!

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.3 percent to 11,911.50 as of 8:45 a.m.

Stocks in Hong Kong led most Asian shares lower on Monday, after two protesters were shot by police during the morning commute. Hong Kong’s Hang Seng Index lost more than 2 percent as the tensions flared.

Shares in Shanghai also retreated and the yuan edged lower. Japanese shares were flat at the lunch break. Contracts on the S&P 500 retreated.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.