Indian equity benchmarks on Tuesday rose for third day in a row led by Reliance Industries, ICICI Bank, HDFC and State Bank of India.

The S&P BSE Sensex rose 0.85 percent or 297 points to 35,162 and the NSE Nifty 50 Index advanced 0.7 percent or 72 points to 10,585.

Here Are The Stocks To Watch In Trade On Today’s Session

• Cochin Shipyard said it will buy-back 44 lakh shares representing 3.23 percent of equity shares at Rs 455 per share, aggregating to Rs 200 crore. The record date for buy-back is set for Oct. 31.
• Lakshmi Machine Works said it will consider buy-back of equity shares on Oct. 22
• IIFL Holdings’ wealth management arm acquired Chennai-based ‘Wealth Advisors India’ for Rs 253.6 crore. This acquisition will increase the company’s client base and further expansion of wealth management in South India.
• Lemon Tree Hotels signed a license property for 70 room property in Mumbai. The hotel is expected to be operational by June 2019.
• NHPC: Baira Siul Power Station (180MW) in Himachal Pradesh said it was going for a complete shutdown for six months, starting Oct. 15 for renovation and modernization works.
• NBCC signed a MoU with Ministry of External Affairs to construct convention center in West Africa’s Niger. Apart from this, the company said that eight more convention centers will come up in Africa, with the government spending for all these projects pegged at Rs 200 crore.
• Federal Mogul Goetze (India) said its open offer for 25.02 percent capital, comprising 1.4 crore equity shares, will be offered to public at Rs 420.05 apiece by the America based acquirer Tenneco. The offer closing date is Dec. 12.

Nifty Earnings To Watch

• Reliance Industries

Other Earnings To Watch

• NIIT Technologies
• 5paisa Capital
• ACC
• Aditya Birla Money
• Cyient
• DCB Bank
• Havells India
• MindTree
• MphasiS

Earnings Reactions To Watch

Infosys (Q2,Consolidated QoQ)

• Dollar revenue up 3.2 percent at $2,921million versus $2,831milliion. (Est $2,888 million)
• Revenues up 7.7 percent at Rs 20,609 crore versus Rs 19128 crore. (Est Rs 20,319 crore)
• Net profit up 13.8 percent at Rs 4,110 crore versus Rs 3612 crore (Est Rs 4,048 crore)
• EBIT up 7.9 percent at Rs 4,894 crore versus Rs 4,537 crore (Est Rs 4,945 crore)
• Margins flat at 23.7 percent (Est 24.3 percent)

Hero MotorCorp (Standalone YoY)

• Revenues up 8.6 percent at Rs 9,091 crore versus Rs 8,372 crore.
• Net profit down 3.4 percent at Rs 976.3 crore versus Rs 1,010.5 crore.
• EBITDA down 5.3 percent at Rs 1,378.7 crore versus Rs 1,455.7 crore.
• Margins at 15.2 percent versus 17.4 percent.
• Volume growth of 5.5 percent boost topline growth.
• Other Income at Rs 223.7crore versus Rs 117.6crore.

Mahindra CIE Automotive (Q3, Consolidated YoY)

• Revenues up 21.7 percent at Rs 652.5 crore versus Rs 536.2 crore.
• Net profit up 73.9 percent at Rs 42.6 crore versus Rs 24.5 crore.
• EBITDA up 36.8 percent at Rs 80.3 crore versus Rs 58.7 crore.
• Margins at 12.3 percent versus 10.9 percent.

CROREISIL (Q2, YoY)

• Revenues up 3.9 percent at Rs 425.5 crore versus Rs 409.7 crore.
• Net profit up 29.7 percent at Rs 90 crore versus Rs 69.4 crore.
• EBITDA up 3 percent at Rs 112 crore versus Rs 108.7 crore.
• Margins at 26.3 percent versus 26.5 percent.
• Other Income of Rs 28.8 crore this quarter.

Shakti Pumps (Q2, YoY)

• Revenues up 104.9 percent at Rs 138.7 crore versus Rs 67.7 crore.
• Net profit up 210 percent at Rs 9.3 crore versus Rs 3 crore.
• EBITDA up 90.8 percent at Rs 20.8 crore versus Rs 10.9 crore.
• Margins at 15 percent versus 16.1 percent.

Insider Trades

• Mukand promoter group Baroda Industries acquired 50,000 shares from Oct.10-11.
• Cox & Kings promoter acquired 31,800 shares on Oct. 12.

(As reported on Oct. 16)

Trading Tweaks

• Thyrocare Technologies to discontinue its share-buyback.
• Capital India Finance added to ASM Framework.
• Gravita India and Adlabs Entertainment price band revised to 5 percent.
• Aptech, GTPL Hathway and TD Power Systems price band revised to 10 percent.
• Arshiya, RSWM and HEG price band revised to 10 percent.

Money Market Update

• The rupee on Tuesday closed at 73.47 per dollar. It closed at 73.82 per dollar in trade on Mond

F&O Cues

• Nifty October futures closed trading at 10,587, premium of five points.
• Nifty October open interest up 4.2 percent; Nifty Bank October open interest down 1.7 percent.
• Max open interest for October series at 11,000 strike value call option (open interest at 47.3 lakh shares)
• Max open interest for October series at 10,000 Strike value put option (open interest at 35.8 lakh shares)

F&O Ban

Stocks In Ban

• IDBI Bank
• Adani Pow

Put-Call Ratio

• Nifty PCR at 1.24 versus 1.20.
• Nifty Bank PCR at 1.19 versus 1.21.