Jay Kumar Poddar

1) Tech stocks are witnessing smart rally today after TCS announced strong Q2 results. TCS reported Dollar revenue growth 7.1% to $5,420 million while expectation $5287mn. Company reported EBIT margin at 26.2% from 23.6% (QoQ) while expectation 24.8. Market hope of other tech players will be announced good quarterly results. Wipro will announceQ2 results on 13th October and Infosys on 14th October (ADR up 5%). 2) Newly-appointed SBI chairman Dinesh Kumar Khara said that the lender's business has recovered to around 70-80% of pre- Covid levels. Khara said his focus would be on credit quality, preservation of net interest margins (NIMs) and employee safety in view of the pandemic. Credit at the lender is growing in the range of 6-7% and the retail segment is holding up well, Khara said, pointing to the fact that much of corporate demand for debt is moving to the markets. The bank has already provided for all its legacy accounts and its corporate provision coverage ratio (PCR) is around 85% and overall PCR is 83%. #MOMarketUpdates #MotilalOswal #IndianStockMarket #Nifty #sensex #SBI #Techstocks #TCS #HCL

1) Beaten down Cement stocks are witnessing fresh buying today after a long time. The market expectation that the Cement demand will improve post-monsoon. Cement stocks expected to be benefitted after gradually reopening of lockdown and an increase in construction activities. Moreover, cement stocks not yet participated in the rally of the market despite Nifty surged to a 7-month high.2) Expects Diagnostic stocks will be positive after Thyrocare Technologies announced strong earning guidance. Stock gained nearly 30% in the last two trading sessions after the announcement. Company says that it has conducted more than 4 lakh Covid-19 RT-PCR tests and more than 3.2 lakh Covid-19 antibody tests as on September 30. Have enhanced capacity to do RT-PCR tests up to 400 per hour. Revenue for the quarter up 37% as compared to last year and up 171% as compared to the previous quarter. Expects positive for other Diagnostic stocks like Dr Lal Path lab, Metropolis and Apollo Hospital. #MOMarketUpdates #MotilalOswal #IndianStockMarket #nifty #sensex #NSE #cement #Medical #healthcare

1) The housing finance lender HDFC said that the month of September had seen the strongest recovery since the outbreak of the pandemic.2) TATA Motors - Tata Motors climbed up 8% to Rs144 amid hefty volumes of 9.7cr shares traded on NSE after the company announced strong growth its JLR sales volume on QoQ and positive free cash flow. The company says JLR’s cash and short-term deposits rose by 300 million pounds to about 3 billion pounds, primarily reflecting positive free cash flow for the three-month period. The company says its performance in China, the first region to come out of lockdown, has been incredibly encouraging.Mahindra & Mahindra- The company has informed the exchanges that booking for its latest SUV, 'Thar' has crossed 9,000, since its launch on October 2. #MOMArketUpdates #MotilalOswal #Indianstockmarket #nifty #sensex #TATAMotors #Mahindra #Thar #JLR

1) Apollo pipes had a bull run today. The company’s overall sales up 19% to 12,268 MT. Growth was driven by contribution from across product categories, including value-added product segment of fittings. The company anticipates further improvement in sales performance over the next few quarters on the back of a better demand environment combined with an uptick in utilisation levels. 2) Chinese steelmaker, Jingye has expressed an interest in taking over Tata Steel's UK operations, said a leading UK-based televison channel Sky News. “Banking sources said this weekend that Jingye’s interest was at a tentative stage, and insisted that there was not a formal sale process for Tata Steel UK’s operations,” #MOMarketUpdates #MotilalOswal #Indianstockmarkets #Nifty #sensex #tatasteel

1) Two-wheeler stocks are in momentum after Bajaj Auto reported better than expected September monthly sales data. Bajaj Auto September sales at 441306 unit, up 10% YoY while the expectation of 416081 units. 2) The government announced Cinema halls, multiplexes to reopen from 15th Oct 2020, with up to 50% capacity as nation gears up for Unlock 5. #MOMarketUpdates #MotilalOswal #Indianstockmarket #twoweeler #Bajaj #Hero #TVSmotor #PVR #Inox #Nifty #sensex

1) Need to move past Covid and uplift economic sentiment says HDFC Bank chief Aditya Puri. India’s longest-serving bank chief Me Aditya Puri said that there is a need to change the sentiment in the country and move past Covid while taking social distancing precautions.2) Metal stocks declined from the intra-day high after news reported that the European Union might impose anti-dumping duty on import from India, Indonesia.3) Expects momentum on Auto stocks today as September monthly sales data will be announced tomorrow. The market expectation that the Auto players to announce impressive sales data ahead of festival sessions. #MOMarketUpdates #MotilalOswal #IndianStockMarket #MetalStocks #nifty #sensex #autostocks #HDFCBank

1) Delta Corp on hope of re-opening of Casinos in Goa after media reports that the Maharashtra government has allowed to re-open bars, restaurants from the first week of Oct. Delta gained 5% to Rs113 amid 10lakh shares trade on NSE. Traders short term buying opportunity on Delta. 2) Defence Minister Rajnath Singh on Monday chaired the Defence Acquisition Council (DAC) meeting and approved proposals for capital acquisition of various equipment required by the Indian Armed Forces at an approximate cost of Rs 2,290 crore. These include procurement from the Domestic Industry as well as Foreign vendors. Expect positive HAL, BDL, BEL #MOMarketUpdates #MotilalOswal #Delta #indianstockmarket #Nifty #Sensex #defensestocks

1) The increasing dependency on tech due to the pandemic is resulting in better performance of IT stocks. The positive result of Accenture also resulted in fresh buying of tech stocks in Indian market. 2) Vodafone has won arbitration against India over the government's retro tax demand of Rs 20,000 crore at the Permanent Court of Arbitration in Hague on Friday. The Hague Court in its ruling said that the conduct of the Indian tax department is in breach of "fair and equitable" treatment. The Arbitration Tribunal has directed the Indian Tax Department to cease the conduct on the question. A failure to comply will engage its international responsibility. #MOMarketUpdates #MotilalOswal #Vodafone #ITstocks #Indianstockmarket #stockrecommendation #investingtips #NSE #BSE

1) Apollo Hospitals witnessed smart rally although Sensex nosedived over 1000 points. Good quarterly results and traders focus on the defensive stock in the volatile market lifted Apollo Hospital.2) Maruti Suzuki Subscribe allows a customer to use a new car without actually owning it and by paying an all-inclusive monthly fee that comprehensively covers complete maintenance, insurance and roadside assistance," it said. Customers can select subscription duration ranging from 12 months to 48 months and pay a monthly subscription charge starting Rs 14,463 (including taxes) for Swift Lxi in Delhi for a tenure of 48 months. After the completion of subscription tenure, the customer can also opt to upgrade the vehicle, extend, or buy the car at market price. Last month the project was launched as a pilot in Hyderabad & Pune. #MOMarketUpdates #MotilalOswal #Indianstockmarket #BSE #NSE #MarutiSuzuki #ApolloHospitals #Sensex #Nifty