TradeBizz Research – Stock Market News Update

Distressed sectors earnings may improve in Q2: Most analysts think business in India has most likely improved in the last three month but there may be challenges this quarter when it comes to recovery in sectors like capital goods, construction and engineering.

Gold-buying headed for best Diwali in 4 years: The fall in prices to below Rs 30,000 per 10g has brought buyers back into the market; the technical-minded would note a decline below the important support level of the 200-day moving average. Others are just bringing out their cash and credit cards.

Govt can now fix retail prices of essential commodities:  Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices.

TRAI proposes cap on HD channel tariffs, pay-and-pick menu:  The Authority (TRAI) has decided to examine the tariff structure so that the business models provide all consumers freedom to choose from an array of attractive and affordable a-la-carte channels and bundled broadcast TV services as per their preferences and paying capacity.

Nifty 50 cos may post 6% profit growth in Q2 of 2016-17: Sales of companies constituting the 50-share well-diversified NSE index are seen to grow 3 percent in the July-September quarter compared with the year-ago period, said the report brought out by leading brokerage Motilal Oswal.

Govt issues more draft norms under bankruptcy code:  As part of implementing the Code, the government has already constituted the Insolvency and Bankruptcy Board of India (IBBI) while the draft norms will be finalized after taking into consideration views of the stakeholders.

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