NSE WEEKLY NEWS UPDATE

✍ FDI inflows to hit all-time high this fiscal
India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said.
The highest ever FDI flows received by the country were in FY12 at USD 35.12 billion while in four months of this fiscal alone we have crossed USD 10.75 billion.

✍ IDFC Alternatives second ‘India Infrastructure Fund’ fully subscribed
DFC Alternatives, one of India's largest multi-asset class fund managers, has announced the final closing for India Infrastructure Fund II (IIF II) at its hard cap of Rs 5,500 crore (about $900 million). This includes a commitment of $90 million from its parent IDFC and remaining $810 million from third party 'Limited Partners' (LPs).

✍ Bhel bags Rs 7,800 crore contract for power project
State-run Bharat Heavy Electricals Ltd on Wednesday bagged a Rs 7,800 crore contract for setting up a 1,320 MW thermal power project in Tamil Nadu. Valued at around Rs 7,800 crore, it is an EPC contract (Engineering, Procurement and Construction) from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), Bhel said in a statement.
The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu.

✍ Flipkart sales run rate hits $3 billion
E-commerce major Flipkart is on course to clock annual sales of $3 billion on the back of exclusive tie-ups with mobile handset makers Motorola and Xiaomi, and its growing market share in the fashion category, signalling its rapid growth registered over the past few months. On Monday alone, during its much publicized Big Billion Day sale it registered $100 million in sales as shoppers bought 20 lakh products from the site.

✍ Aban Offshore soars on Rs 1,100 crore ONGC orders
“Firm order from ONGC for the deployment of jack-up rig Aban IV for a period of 3 years. The total value of this firm order is approximately USD 91.33 million (equivalent to Rs 557 crore),” Aban Offshore said in a statement. the company also received firm order from ONGC for the deployment of jack-up rig Aban III for a period of 3 years. The total value of this firm order is approximately USD 91.33 million (equivalent to Rs 557 crore), it added.Both these contracts are expected to commence during the first quarter of calendar year 2015.

✍ Infosys Q2 net up 7% at Rs 3,096 crore, beats estimates
Infosys, India’s second largest information technology (IT) services company, today cheered investors by posting a strong growth for July-September 2015 (Q2FY15), beating estimates on most fronts, as well as announcing a bonus share issue.
Additionally, in line with expectations, the company left its revenue growth guidance for FY15 unchanged at 7-9%.
The Bangalore-based company’s consolidated net profit for Q2FY15 grew 28.6% year-on-year to Rs 3,096 crore, while its consolidated revenue rose 2.9% to Rs 13,342 crore. On a quarter-on-quarter basis, the net profit rose a whopping 7.3% and revenue increased 4.5%. In dollar terms, net profit increased 6% sequentially, and revenue grew 3.1%. Most analysts had expected the company’s dollar-revenues to grow around 3%.

Infosys Q2 Earnings Highlights
* Q2 Net profit up 7.3% QoQ, 28.6% YoY
* Q2 Revenue up 4.5% QoQ, 2.9% YoY
* Revenue growth guidance for FY15 retained at 7-9%
* Announces 1:1 bonus share issue
* Q2 Operating profit margin at 26.1%, up 100 bps
* Attrition at record-high of 20.1%

✍ Haryana govt legalizes Vadra-DLF land deal
The Robert Vadra-DLF land deal in Gurgaon may have played a key role in shaking the foundations of UPA-2 ahead of this year's Lok Sabha elections. But the Congress government in Haryana still believes there was nothing wrong in the transaction.

✍ Bharat Heavy Electricals Ltd shares surge over 8% on contract win for power project
Shares of Bharat Heavy ElectricalsBSE 0.91 % Ltd today surged over 8 per cent, adding Rs 4,136.73 crore in its market capitalisation, after the company bagged a Rs 7,800 crore contract for setting up a 1,320 MW thermal power project in Tamil Nadu.
The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu.

✍ OMCs, refiners surge after brent crude oil falls to 27-month low
Shares of oil companies surged after Brent crude oil fell to 27-month low on global growth, oil glut concerns.Refiners benefited from low oil prices because of higher margins, while explorers benefited from reduced subsidy burdens

✍ Aviation shares in demand; Jet Airways gains over 10%
Shares of aviation companies like Jet Airways (India) and Spicejet have rallied by up to 9% in otherwise weak market on back of heavy volumes on the bourses.
Jet Airways (India) has soared nearly 11% to Rs 246 on NSE on back of two-fold jump in trading volumes. A combined 2.8 million shares changed hands on the counter so far on NSE and BSE.
So far in October, Spicejet surged 22%, while Jet Airways up 19% after state-owned oil companies reduced the price of aviation turbine fuel (ATF) or jet fuel by a steep 3% on the back of falling international oil rates, bringing relief to airlines.
Domestic airlines expect the fall in prices of aviation fuel to boost their earnings from the quarter ending December.
Jet fuel constitutes over 40% of an airline's operating cost and the reduction in prices will ease the burden of the cash-strapped airlines.
On Thursday, oil prices sank to more than two-year lows as weak economic data from Germany underscored concerns over a global economic slowdown and its impact on energy demand, analysts said, AFP/PTI report suggests.

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