Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

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		Disappointing IIP figures for September, cautiousness ahead of the release of CPI inflation data for October and growing worries over US-China trade deal talks sent the benchmark indices over half a per cent lower on Wednesday. Besides, CLSA&#39;s statement that India&#39;s GDP may slip to 5 per cent in FY20, too, added to the investors&#39; woes. <a href="https://www.business-standard.com/article/markets/clsa-sees-india-s-fy20-gdp-growth-at-5-fiscal-deficit-at-4-3-119111300667_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		The S&P BSE Sensex slid 229 points or 0.57 per cent to end at 40,116 levels while NSE&#39;s Nifty50 index slipped below 11,850-mark to end at 11,840, down 73 points or 0.61 per cent.</div>
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		IT major TCS (up around 4 per cent) emerged as the top gainer on the Sensex while YES Bank (down over 6.50 per cent) was the biggest loser. ICICI Bank, Axis Bank, Infosys, ITC, and SBI were the top contributors to the index&#39;s fall.&nbsp;</div>
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		Sectorally, all the indices on the NSE ended in the red. Media stocks bled the most with the Nifty Media index slipping over 4.53 per cent to 1,793.85 levels. Metal stocks came second on the list.</div>
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		In the broader market, the S&P BSE MidCap index lost 0.77 per cent to end at 14,660 levels while the S&P BSE SmallCap index closed at 13,344.69, down 153 points or 1.13 per cent.&nbsp;<br />
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		<b>BUZZING STOCKS</b><br />
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		Shares of Indian Hotels Company soared 6 per cent to Rs 156 on the BSE on Wednesday after the company reported EBITDA (earnings before interest, tax, depreciation and amortisation) margin improvement of 590 basis points (bps) at 17.7 per cent in September quarter (Q2FY20). EBITDA jumped 57 per cent year-on-year (YoY) to Rs 182 crore during the quarter. Both absolute EBITDA and EBITDA margin was highest in the last 10 years.&nbsp;<strong><a href="https://www.business-standard.com/article/markets/indian-hotels-soars-6-on-highest-margin-in-10-years-in-q2-119111300293_1.html" target="_blank">READ MORE</a></strong><br />
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		Britannia Industries stock surged nearly 6 per cent to Rs 3,298 apiece on the BSE on Wednesday after the company on Monday posted a profit before tax (PBT) of Rs 498 crore for the second quarter ended September 30, 2019 (Q2FY19), up 8.5 per cent when compared with the corresponding period of the previous fiscal. The stock ended around 5 per cent higher at Rs&nbsp;3,270.25 on the BSE.&nbsp;&nbsp;<strong><a href="https://www.business-standard.com/article/markets/britannia-jumps-6-post-as-q2-net-profit-rises-33-yoy-to-rs-403-crore-119111300281_1.html" target="_blank">READ MORE</a>&nbsp;</strong><br />
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			<strong>GLOBAL MARKETS&nbsp;</strong></div>
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			Asian stocks and Wall Street futures fell on Wednesday, as confusing signals over the extent of progress made in US-China trade talks and concern about intensifying unrest in Hong Kong hurt demand for risky assets. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan fell 1.03 per cent to the lowest in more than a week. Hong Kong shares slumped 2 per cent to a four-week low, battered by fears that anti-government protests appear to be spiralling out of control.</div>
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			Chinese shares fell 0.18 per cent, while Japanese shares fell 0.76 per cent.</div>
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			The pan-region Euro Stoxx 50 futures were down 0.57 per cent, German DAX futures were off 0.58 per cent, and FTSE futures fell 0.54 per cent.</div>
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			In commodities, oil prices slipped as US-China trade deal prospects dimmed.&nbsp;&nbsp;</div>
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			<strong><em>(With inputs from Reuters)</em></strong></div>
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MARKET WRAP: Sensex slips 229 pts ahead of CPI inflation nos; banks tumble

Business Standard

MARKET WRAP: Sensex slips 229 pts ahead of CPI inflation nos; banks tumble | News on Markets - Business Standard

BROKERAGE RADAR :: IndiaNivesh Securities on Alkem Labs

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	Since the past two years, Alkem&rsquo;s operating performance was impacted by several factors such as (1) price control, (2) demonetisation, (3) API price hikes, and (4) investments in field force and R&amp;D. However, with most factors now in the base, no upfront costs (lesser focus on OTC), a steady decline in API prices, and India</div>
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	growth in the mid-teens, we believe half of this will be recouped over the next two years.<br />
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		Factoring in the lower tax rate guidance of 10% (vs 15% earlier), we have upgraded our earnings by 10%/7% for FY20/21E, respectively. At the CMP, the stock trades at 20x FY21 EPS of Rs97. Maintain <strong>ACCUMULATE</strong></div>
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BROKERAGE RADAR ::  IndiaNivesh Securities on EIH Ltd

We value EIH using the SOTP method, assigning a 15x EV/EBITDA multiple to the asset-heavy business and a 25x PAT to the asset-light management contract business. We arrive at a target price of Rs160 per share, implying an upside of 4% from the CMP. Reiterate <strong>ACCUMULATE&nbsp;</strong><br />

Top stock recommendations by Anand Rathi: Buy Bank of Baroda, IndusInd Bank

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	<strong>BANK OF BARODA: BUY | TGT: Rs 105 | SL: Rs 91.50</strong></div>
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	The stock has formed a nice inverse head and shoulders pattern which is a bullish reversal pattern. The momentum indicator MACD is well in the buy mode on the daily as well as weekly charts, hence we recommend buying this stock. <a href="https://www.business-standard.com/article/markets/top-stock-recommendations-by-anand-rathi-buy-bank-of-baroda-indusind-bank-119111300112_1.html" target="_blank"><strong>READ MORE</strong></a></div>

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FII/FPI & DII trading activity on NSE, BSE and MSEI

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At 8:18 AM, Brent Crude Futures were at $61.86 per barrel-mark.
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At 8:13 AM, the Singaporean Exchange for Nifty Futures were at&nbsp;11,913 level, down 31 points or 0.26 per cent.

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MARKET WRAP: Sensex slips 229 pts ahead of CPI inflation nos; banks tumble

All that happened in markets today.

BROKERAGE RADAR :: IndiaNivesh Securities on Alkem Labs

BROKERAGE RADAR :: IndiaNivesh Securities on EIH Ltd

Top stock recommendations by Anand Rathi: Buy Bank of Baroda, IndusInd Bank

Bulk deals on BSE as on Monday

Bulk deals on NSE as on Monday

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee Check

Oil Check

SGX Nifty

Asian Market Check

US Market Check