Asian Shares Rose On Thursday And US Stock Futures Edged Higher

Asian markets trade higher​: Asian shares rose on Thursday and US stock futures edged higher after the US Federal Reserve cut interest rates as expected to keep economic expansion on track.

Wall Street ends higher on rate cut: ​Wall Street gained ground and US Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut.

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The Sensex Is Up 168.95 Points Or 0.42% At 40220.82, And The Nifty Up 47.40 Points

The Sensex is up 168.95 points or 0.42% at 40220.82, and the Nifty up 47.40 points or 0.40% at 11891.50. About 555 shares have advanced, 145 shares declined, and 24 shares are unchanged.

Quess Corp, JK Tyre, HDFC Bank, United Bank of India, SBI, Kotak Mahindra Bank, Infosys, ICICI Bank, Sun Pharma, M&M, JSW Steel and Hindalco, are among major gainers on the indices, while losers are Tata Motors, Yes Bank and Eicher Motors.

All the sectoral indices are trading in the green led by PSU bank, IT, metal, energy and FMCG.

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Shares Of Bharat Heavy Electricals Added 14 Percent In The Early Trade

Shares of Bharat Heavy Electricals added 14 percent in the early trade on October 30 after research house CLSA has upgraded the rating and also raised the target price.

CLSA has upgraded the stock to buy from sell and also increased target price to Rs 67 from Rs 54 per share earlier.

Shares Petronet LNG rose nearly 6 percent in the early trade on October 30 after the company had reported robust numbers in the quarter ended in September.

The company's Q2FY20 standalone net profit rose 96 percent at Rs 1,103.1 crore against Rs 560.3 crore in the quarter ended in June.

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Shares Of HDFC Life Insurance Company Rallied 4.5 Percent

Shares of HDFC Life Insurance Company rallied 4.5 percent to hit a record high of Rs 637.70 intraday on October 30 after more than 5 percent equity exchanged hands through block deals.

The stock has been was one of the biggest gainers in the last one year, showing more than 70 percent return against 16 percent rally in the Nifty.

The private life insurer posted a 7.6 percent year-on-year increase in its September quarter net profit at Rs 308.7 crore, while its premium grew by 10 percent YoY to Rs 7,453.7 crore during the period.

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DHFL Shares Locked In 5% Lower Price Band

Shares of Dewan Housing Finance Corporation remained locked in the 5 percent lower price band at Rs 17.55 on BSE on October 25 and looked on course to extend their losing run into the fourth straight session.

The stock remained in the red even as it clarified in a BSE filing that it has taken cognizance of the key observations from the draft report prepared by KPMG.

"The company reiterates that it has taken cognizance of the key observations from the draft report prepared by KPMG, appointed by Union Bank of India, the lead banker of the consortium, on behalf of all the members of the consortium," DHFL said in a regulatory filing.

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Shares Of State Bank Of India Gained 3.4 Percent Intraday On October 25

Shares of State Bank of India gained 3.4 percent intraday on October 25 ahead of likely fall in slippages in quarter ended September 2019. Earnings will be announced later today.

The stock lost more than 20 percent in last three months. It was quoting at Rs 269.90, up Rs 7.20, or 2.74 percent on the BSE at 1222 hours IST.

Profit is expected to be at around Rs 1,875.9 crore in September quarter, rising 98.5 percent compared to year-ago but may decline 20 percent sequentially due to deferred tax assets adjustment, according to a poll analysts conducted by CNBC-TV18.

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Maruti Suzuki Q2 Preview: Profit, EBITDA May Decline 60% YoY On Lower Volumes

The country's largest car manufacturer Maruti Suzuki India is likely to report around 60 percent year-on-year decline in its September quarter profit, dented by lower volumes amid weak demand. The lower tax rate could limit the fall in its bottomline.

The stock has recovered 27 percent in the last couple of months on hopes of a demand improvement after the government announced several measures. Year-to-date, the stock is down just 0.3 percent.

Revenue from operations during Q2 FY20 may decline 23-27 percent on the back of 30 percent fall in volumes YoY.

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