Warke Dipak Totaram

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

1) ICRA assigns stable outlook to bank facilities and NCDs of Jindal Steel. The stock jumped 4%.2) Hexaware says that the promoter HT Global Holdings has accepted the discovered price of Rs 475 per share, as the final price for the delisting offer. The promoter will acquire 8.72 crore shares, post the acquisition, promoter shareholding in the company will be 91.16%. #MOMarkrtUpdates #MotilalOswal #indianstockmarket #nifty #sensex #jindalsteel #hexaware

As the world highly depends on technology during Covid-19, the technology stocks the IT stocks are gaining attention. HCL has hit a 52-week new high. #MOMarketUpdates #MotilalOswal #ITstocks #indianstockmarket #stockrecommendation #HCL #TCS

HAAH Automotive Holdings Inc., a US automobile distributor, has offered to invest 300 billion won ($258 million) in Ssangyong Motor Co. as part of its bid to take a significant stake in the South Korean automaker, according to sources in the investment banking industry. Expect positive for M&M. #MOMarketUpdates #MotilalOswal #IndianStockMarket #NSE #BSE #Mahindra