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<ul><li>In the Asian market, the SGX Nifty was trading 0.45% higher at 7:47 am, indicating a green start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst positive cues from the global markets, the Indian stock market is likely to open higher. In the Asian market, the SGX Nifty was trading 0.45% higher at 7:47 am, indicating a green start for Nifty50. The US stocks also ended higher on Wednesday on renewed hope of economic stimulus after <a href="https://www.businessinsider.in/stock-market/news/dow-spikes-531-points-for-best-day-in-12-weeks-on-renewed-hopes-of-economic-stimulus/articleshow/78544211.cms">President Donald Trump signalled </a>that he is open to piecemeal stimulus, rather than a single trillion-dollar-plus package. The Dow Jones Industrial Average gained over 530.70 points, whereas the S&amp;P 500 was up over 1.70%. These are the stocks to watch out for during the trading session on October 8: TCS India’s largest software services firm, Tata Consultancy Services (TCS), announced a ₹16,000 crore <a href="https://www.businessinsider.in/business/corporates/news/tcs-announces-16000-crore-buyback-strong-show-in-q2-with-over-20-rise-in-profit/articleshow/78536532.cms">buyback</a> plan at ₹3,000 per equity share. The company also reported a stellar performance in Q2, with 7% QoQ growth in its consolidated net profit to ₹7,475 crore for the quarter ended September 30. The shares of TCS ended 1.42% higher yesterday. Wipro Following the similar lead, TCS’ competitor<a href="https://www.businessinsider.in/business/corporates/news/following-tcs-lead-wipro-announces-plans-to-buyback-shares/articleshow/78537250.cms"> Wipro has also announced</a> that its board will consider a buyback plan on October 13. The shares of Wipro ended 1.80% higher yesterday. Future Retail and RIL The e-commerce giant Amazon has sent a legal notice to Kishore Biyani led Future Group for striking a deal with Reliance Industries (RIL). Amazon has <a href="https://www.business-standard.com/article/companies/amazon-takes-on-future-group-over-deal-with-reliance-sends-legal-notice-120100701732_1.html">accused </a>the latter of breaching its non-compete agreement between the parties. The shares of RIL ended 2.22% higher whereas Future Retail was down 1.83% yesterday. Infosys The tech giant Infosys US-based subsidiary Infosys Public Services developed the Infosys Health Insights Platform (IHIP) in collaboration with Amazon Web Services (AWS), Couchbase, and Knowi. The new platform is part of Infosys Cobalt’s growing portfolio of 14,000 cloud assets Infosys Health Insights Platform is an automated data science platform for public health agencies— that will help agencies scale their analytics capabilities and turn massive amounts of data into valuable insights. The shares of Infosys ended 1.36% higher yesterday. Jet Airways A London-based asset management company, Kalrock Capital, said it had been chosen as the new owners of the<a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/london-based-kalrock-capital-says-it-has-won-the-bid-for-jet-airways/articleshow/78541854.cms?from=mdr"> bankrupt airline Jet Airways</a>, along with a UAE investor Murari Lal Jalan. The shares of Jet Airways ended 1.04% lower yesterday. Asian Granito The board of the ceramic wall and floor tile manufacturing company, Asian Granito India will meet on October 23 to consider an increase in authorised share capital, sub-division of shares, and fundraising plans. The shares of Asian Granito ended 0.44% higher yesterday. RBL Bank In its second quarterly update to the stock-exchanges, the private sector bank RBL said its deposits for the quarter grew 3% YoY and 5% QoQ. However, the gross advances decline 1% compared to the same period last year. The shares of RBL Bank ended 2.07% lower yesterday. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/tcs-announces-16000-crore-buyback-strong-show-in-q2-with-over-20-rise-in-profit/articleshow/78536532.cms">TCS announces ₹16,000 crore buyback — strong show in Q2 with 7% rise in profit, margins near two-year high</a> <a href="https://www.businessinsider.in/business/corporates/news/following-tcs-lead-wipro-announces-plans-to-buyback-shares/articleshow/78537250.cms">Following TCS’ lead, Wipro announces plans to buyback shares</a> <a href="https://www.businessinsider.in/finance/banks/news/sbi-new-chief-dinesh-khara-shares-his-stance-on-restructuring-capital-raising-hiring-and-more/articleshow/78534234.cms">SBI’s new chief Dinesh Khara shares his stance on restructuring, capital raising, hiring, and more</a>

Top stocks to watch — TCS, Wipro, Infosys, Future Retail, RIL, Jet Airways and others

<ul><li>Indian ceramic industry, which is presently the third largest producer in the world, is reportedly planning to double turnover by 2021. </li><li>In the recent times, the construction sector has grown by 7%-8%. </li><li>Within India’s ceramic market, 70% of the total output comes from Gujarat alone.</li></ul>Indian government’s spending on construction and real estate ahead of elections, including affordable housing is set to boost demand for ceramic products in the country. Indian ceramic industry, which is presently the <a href="https://www.businesswire.com/news/home/20190221005602/en/70.9-Billion-Ceramic-Tiles-Market-Type-Application" data-type="tilCustomLink">third largest</a> producer in the world, is reportedly planning to ramp up its yield to double by 2021. As the country makes room for new development projects, the increasing demand for faucets and tiles has lead to 7%-8% growth in construction sector. The demand for <a href="https://www.business-standard.com/search?type=news&amp;q=industrial+ceramic+products">industrial </a>ceramic products such as ceramic tiles, sanitary wares and pipes required in construction applications too are expected to increase. Given that the government has announced an investment of $376.5 billion in infrastructure by 2020, the ceramic industry “expects a huge growth in volume,” Tarun Marwah, Director, Messe Muenchen India, told IANS. He noted that the industry is divided equally into two — organised sector comprising large players and unorganised sector. India has also been stepping up its efforts to increase reach for the global ceramic market. According to the current data, 70% of the total output comes from Gujarat alone. The Morbi ceramic industry in Gujarat will receive an estimated investment of ₹15 billion in 2019, with plans to establish 50 new wall tiles manufacturing plants. However, in recent years despite the construction projects undertaken, the top ceramic product makers — <keyword id="6462340" type="COMPANY" weightage="20" keywordseo="kajaria-ceramics">Kajaria Ceramics</keyword>, <keyword id="593118" type="PERSON" weightage="20" keywordseo="Somany-Ceramics">Somany Ceramics</keyword>, <keyword id="141201" type="COMPANY" weightage="20" keywordseo="Cera-Sanitaryware">Cera Sanitaryware</keyword>, <keyword id="1548032" type="UNKNOWN" weightage="20" keywordseo="Asian-Granito">Asian Granito</keyword> — witnessed slow revenue growth. 
 
 
 
 
 
 
 
 
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 The numbers, however, do not reflect the boost that was expected from the Modi government's move to construct toilets around the country under the ‘Clean India’ initiative aimed at constructing <a href="https://economictimes.indiatimes.com/news/politics-and-nation/worlds-biggest-toilet-building-spree-is-under-way-in-india/articleshow/65206911.cms">111 million</a> toilets in next five years. According to Euromonitor International, the government’s other initiatives such as the national hygiene drive led to 81% jump in sales of concrete building materials. Premium brands like Jaguar and Nitco have also taken the creamy layer of customers on top of the pyramid. Things may now be turning around now. Real estate has got a new lease of life. With the improving demand, the housing sales in 2018 increased by 15% in the west and 20% in the southern cities in India with new launches up by 77%, <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-sales-in-southern-cities-higher-than-north-and-west-india-in-2018-anarock/articleshow/67939424.cms">according to</a> homegrown property consultant Anarock. Moreover, with the Goods and Services Tax (GST) council <a href="https://www.moneycontrol.com/news/business/real-estate/explainer-gst-rate-cut-to-boost-sales-of-housing-units-reduce-unsold-inventory-3578701.html">slashing</a> tax rates further on under-construction properties — 5% on normal category and 1% for affordable housing — is also likely to benefit the homebuyers and construction sector. "Because of the global recession, production in the ceramic industry world wide is going down. From 2015 to 2018, there were too many ceramic products without any buyers. So we need to find buyers, find out ways to export our products which will take a long time," Ken Wong, General Manager at Unified Exhibition Service reportedly said. See also: <a href="https://www.businessinsider.in/from-affordable-housing-to-co-working-spaces-heres-how-2018-fared-for-indian-real-estate/articleshow/67317937.cms">From affordable housing to co-working spaces — here’s how 2018 fared for Indian real estate</a> <a href="https://www.businessinsider.in/interim-budget-2019-may-help-homebuyers-and-not-builders/articleshow/67559217.cms">Interim Budget 2019 may help homebuyers and not builders</a> <a href="https://www.businessinsider.in/gst-cut-on-real-estate-may-relieve-pain-temporarily/articleshow/68146057.cms">Indian real estate builders welcome GST relief but opinions are divided</a>

The world's third largest ceramic industry is banking on India's love for gaudy tiles

HCL Tech, InfoEdge, Biocon and their peers may be safe stocks to hide for the rest of 2020

<ul><li>Over 400 of 550 wall tile plants running mainly on coal gasifiers have been closed post the National Green Tribunal (NGT) ban on ceramic units in Morbi, Gujarat. </li><li>Given that, the tile manufacturing units are now considering to switch to natural gas as an alternate. </li><li>Nearly 70% of total output in the <keyword id="1547959" type="PERSON" weightage="20" keywordseo="Ceramic-Industry">ceramic industry</keyword> in India comes from Gujarat alone. </li></ul>Soon after the National Green Tribunal (NGT) banned ceramic units running on coal gasifiers in Morbi, Gujarat, the tiles industry has witnessed a major hit. Largely impacted by the ban, the tile manufacturing units have <a href="https://realty.economictimes.indiatimes.com/news/allied-industries/ngts-order-banning-coal-gasifiers-in-morbi-to-adversely-impact-tile-industry-icra/68373711">shut down</a>, switching to natural gas as an alternate. The switch, however, may increase fuel expenses for the manufacturers considering the PNG prices. Hope floats that this would close the price gap between unorganised players in Morbi and branded tile makers like Kajaria Ceramics, Somany Ceramics, Cera Sanitaryware, and Asian Granito and help these companies gain market share. According to media reports, of the 800 ceramic units in total, over 400 wall tile plants running majorly on coal gasifiers have been closed so far owing to shortage of raw material that has been impacting the operation costs for these units. The Morbi ceramic industry had expected a huge growth. In fact, the industry is reportedly planning to establish 50 new wall tiles manufacturing plants. After the ban on March 6, the production has reportedly <a href="https://timesofindia.indiatimes.com/city/ahmedabad/after-ngt-crackdown-450-ceramic-units-prepare-to-switch-to-gas/articleshow/68365929.cms">dropped</a> by 60%-70%. "Among these units, those most affected will be the wall tile and soluble salt tile manufacturers as they were meeting nearly their entire thermal energy requirements through coal gasifiers," Suprio Banerjee, vice president and head, Mid-Corporate ratings of ICRA reportedly said. India being the third largest ceramic producer in the world has been eyeing the global market. Given the fact that nearly <a href="https://www.businessinsider.in/ceramic-industry-to-double-turnover-by-2021-thanks-to-real-estate-affordable-housing/articleshow/68217546.cms">70% of total output</a> in the ceramic industry comes from Gujarat alone, the new regulations may also affect the large ceramic players. The ceramic industry is equally bifurcated into two — organised players comprising large ceramic producers and unorganised players. While for the unorganised players, tighter tax compliance and stretched working capital requirements has put forth an urgent need to raise prices by nearly 15%–20% due to raw material shortage, the organised players are still projecting a positive graph, benefitted either by market share or margin, Edelweiss Securities said in a report. See also: <a href="https://www.businessinsider.in/ceramic-industry-to-double-turnover-by-2021-thanks-to-real-estate-affordable-housing/articleshow/68217546.cms">The world's third largest ceramic industry is banking on India's love for gaudy tiles</a>

Over 400 tile makers in one area in Gujarat have shut down after a ban on coal gasifiers

Both the <a href="http://www.businessinsider.in/searchresult.cms?query=Sensex">Sensex</a> and the <a href="http://www.businessinsider.in/searchresult.cms?query=Nifty">Nifty</a> trade flat on Monday, also the last trading day of August. Action is limited and traders are refraining from making strong commitments on either side of prices. Here is a snap shot of what's happening in the market in afternoon trade. 
 <keyword id="6354813" type="COMPANY" weightage="80" keywordseo="nifty">Nifty</keyword> rose 17 points to 8,018 levels <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> added 46 points to 26,438 levels 
 
VOLUME BUZZERS 
Kavveri Telecom Pdts 
Zodiac Clothing 
Blue Dart Express 
D B Corp 
 
HIGHS 
D S Kulkarni 
Escorts 
Jubilant Industries 
Muthoot Capital 
 
LOWS 
Metalyst Forgins Ltd. 
Asian Granito India 
Kaya Ltd. 
Kakatiya Cement Sugar 
 
UPPER CIRCUIT HITTERS 
Alphageo 
D S Kulkarni 
Storeone 
IL&amp;FS Transportation 
 
Image credit: Indiatimes

Here's the simplest explanation to what's been happening at the Markets today

Indian stocks had a tepid start on Wednesday as quarterly earnings at market heavyweight Tata Consultancy Services disappointed analysts, pushing the stock down to 3-week lows. 
 As a consequence, the <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">Nifty</keyword> fell 2 points to 8,129 in early deals with Software shares coming under selling pressure. TCS was the top loser, dropping nearly 4 percent in early deals. Stocks such as Zee Entertainment, Idea, Cipla and <keyword id="6653" type="CITY" weightage="100" keywordseo="ICICI-bank">ICICI Bank</keyword> also slipped in trade. Buying was seen on beaten down stocks such as <keyword id="6357147" type="CITY" weightage="100" keywordseo="Tata-Steel">Tata Steel</keyword>, Vedanta, Hindalco, Sun Pharma and IndusInd Bank. 
 
The Nifty enjoyed an Advance-Decline Ratio of 26/22 in the first hour of trade as it recovered from an intra-day low of 8,109 points. 
 
Not surprisingly, TCS and Infosys were the top two traded stocks on the National Stock Exchange. The third slot went to DCB Bank. 
 Broader markets were mostly flat with the CNX 100 and CNX 500 indices quoting at the same levels as Tuesday. However, the Mid Cap and the Small Cap indices inched up. Strong gains were seen on benchmarks representing the Metals, <keyword id="34523" type="CITY" weightage="100" keywordseo="fmcg">FMCG</keyword> and Pharma sectors while indices tracking the banking, finance and PSU lending space were tinged with a mild shade of red. 
 Sentiment was flat on the Bombay Stock Exchange as well with the <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> dropping 19 points to trade at 26,823 points. Metal stocks ruled the roost with Hindalco, Vedanta and Tata Steel surging in trade. Hero Motors and Coal India dropped below their Tuesday's closing prices. TCS was the top loser on the Sensex, which had an Advance-Decline Ratio of 17/13. 
 
Lupin, TCS and Infosys were the top traded stocks on the Sensex. 
 
Banking, Realty, Metals, Telecom and Textile stock futures were in heavy demand in the derivatives space where 119 futures advanced compared with 43 that fell. 
 
Tile makers were in heavy demand on the National Stock Exchange with Kajaria Ceramics, Nitco Tiles and Asian Granito making it to the top volume buzzers list on the exchange. 
 
(Image credits: Indiatimes)

You Searched For "Asian Granito" and got 6 results

Top stocks to watch — TCS, Wipro, Infosys, Future Retail, RIL, Jet Airways and others

Navdeep Yadav

The world's third largest ceramic industry is banking on India's love for gaudy tiles

BI India Bureau

HCL Tech, InfoEdge, Biocon and their peers may be safe stocks to hide for the rest of 2020

Rounak Jain

Over 400 tile makers in one area in Gujarat have shut down after a ban on coal gasifiers

BI India Bureau

Here's the simplest explanation to what's been happening at the Markets today

Shailendra Bhatnagar

Indian stocks had a tepid start today

Shailendra Bhatnagar

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