Indian equity benchmarks on Tuesday fell for fourth day in a row to their lowest levels in over six months, dragged by IT and pharma stocks as global stocks resumed selloff.

The S&P BSE Sensex fell 0.84 percent or 287 points to 33,847 and the NSE Nifty 50 Index dropped 0.96 percent or 98 points to 10,147.

Here Are The Stocks To Watch In Monday’s Trade:

• Sun Pharmaceuticals launched psoriasis treatment drug Ilumya in the U.S.
• DCM Shriram started commercial production at additional 168 TPD chlor-alkali line at Rajasthan unit.
• Laurus Labs transferred ownership of its U.S. FDA approved Tenofovir Disoproxil Fumarate (TDF) ANDA to CASI Pharmaceuticals.
• Salzer Electronics withdrew proposal to acquire two overseas companies – Advanced ID Asia Engineering, Thailand and United Marketing and Trading Ltd, Hong Kong.
• Jaypee Infratech creditors approved proposal to invite bids.
• ICICI Bank said it will conduct fresh inquiry in Kochhar case
• Essar lenders voted to approve $5.4 billion ArcelorMittal Bid. (Bloomberg)
• Shalby Hospitals, Surat (Gujarat) granted certificate under Pre‐accreditation Entry level–Hospitals programme for a period of two years, valid up to Sept. 15, 2020 by National Accreditation Board for Hospitals and Healthcare Providers.

Nifty Earnings To Watch

• Bajaj Auto
• Bharti Infratel
• Kotak Mahindra Bank
• Wipro

Other Earnings To Watch

• Bharat Financial Inclusion
• Everest Industries
• Hexaware Technologies
• IDFC Bank
• Jubilant Foodworks
• Jyothy Laboratories
• Interglobe Aviation
• KPIT Technologies
• L&T Finance Holdings
• Larsen & Toubro Infotech
• Mahindra & Mahindra Financial Services
• Radico Khaitan
• Security And Intelligence Services (India)
• SKF India
• Sterlite Technologies
• Sundaram-Clayton
• Syngene International
• Tamil Nadu Newsprint & Papers
• TTK Prestige
• International Paper APPM

Earnings Reactions To Watch

HCL Tech Q2FY19 (QoQ)

• Dollar revenue up 2.1 percent at $2,099 million.
• EBIT up 8.7 percent at Rs 2,966 crore.
• EBIT margin at 19.8 percent versus 19.7 percent.
• Profit up 5.7 percent at Rs 2,540 crore.

Adani Ports and SEZ Ltd. (YoY)

• Revenue down 4 percent to Rs 2,608 crore.
• Ebitda down 9 percent to Rs 1,703 crore.
• Ebitda margin at 65.3 percent versus 68.8 percent.
• Net profit down 39 percent to Rs 606 crore.

Rallis India (YoY)

• Revenue up 11.8 percent at Rs 613.2 crore.
• Net profit up 6.1 percent at Rs 87 crore.
• Ebitda up 1.8 percent at Rs 129.2 crore.
• Margins at 21.1 percent versus 23.1 percent.

Bajaj Corp (YoY)

• Revenue up 4.2 percent at Rs 212.7 crore.
• Net profit up 1.8 percent at Rs 51.6 crore.
• Ebitda up 3.6 percent at Rs 60.6 crore.
• Margins at 28.5 percent versus 28.6 percent.

Aksh OptiFibre ( YoY)

• Total income up 22 percent to Rs 178 crore.
• Ebitda up 147 percent to Rs 40 crore.
• Ebitda Margin at 23 percent versus 11 percent.
• Profit at Rs 17 crore versus Rs 5 crore.

HDFC Standard Life ( YoY)

• Net premium income up 26 percent to Rs 6,778 crore.
• Net profit up 20 percent to Rs 287 crore.
• 13th month persistency ratio down 84.8 percent versus 86.2 percent.
• 61st month persistency ratio up 52.4 percent versus 50.5 percent.

Sasken Technologies (QoQ)

• Revenue down 16 percent to Rs 113 crore.
• EBIT down 39 percent to Rs 12 crore.
• EBIT Margins at 10.4 percent versus 14.3 percent.
• Net profit down 40 percent to Rs 16.9 crore.

Bajaj Finserv (YoY)

• Revenue up 17 percent to Rs 9,698 crore.
• Revenue from insurance business up 9.2 percent to Rs 4633 crore.
• Net profit up 1 percent to Rs 704 crore versus Rs 698 crore.

ICICI Prudential Life Insurance (YoY)

• Net premium income up 16 percent to Rs 7601 crore.
• Net profit down 29 percent to Rs 301 crore.
• 13th month persistency ratio down 82.7 percent versus 83.5 percent.
• 61st month persistency ratio up 58.7 percent versus 54.4 percent.

Zensar Technologies (QoQ)

• Revenue up 7 percent to Rs 969 crore.
• EBIT up 2.4 percent to Rs 100.5 crore.
• EBIT Margins at 10.4 percent versus 10.8 percent.
• Net profit up 14 percent to Rs 93 crore,

Tata Metaliks (YoY)

• Revenue up 21.5 percent to Rs 547 crore.
• Ebitda up 28 percent to Rs 85.7 crore.
• Ebitda Margins at 15.7 percent.
• Net profit up 42 percent to Rs 47.5 crore.

Bulk Deals

Den Networks: MSD India Fund sells 16 lakh shares at Rs 66.29 apiece.

Trading Tweaks

• Bhansali Engineering Polymers circuit changed to 10 percent.
• Goa Carbon, Edelweiss Financial circuit changed to 5 percent.

Insider Trading

• Centrum promters bought 66,000 shares from open market on Oct. 17.
• Kwality promoter sold 12.5 lakh shares on Oct. 17.

(As reported on Oct. 23)

Money Market Update

• Rupee closed at 73.57/$ on Tuesday versus 73.56/$ on Monday.

F&O Cues

• Nifty October futures closed trading at 10,148,  premium of 1 point.
• Nifty October open interest down 24 percent; Nifty Bank Oct OI down 4 percent.
• Max open interest for October series at 10500, strike value call option (Open interest at 37.1 lakh shares)
• Max open interest for October series at 10,000, strike value put option (Open interest at 36.7 lakh shares)

Stocks In F&O Ban

• Adani Enterprises
• Adani Power

Put-Call Ratio

• Nifty PCR at 1.04 from 1.10.
• Nifty Bank PCR at 0.79 from 0.78.