Closing Index

30 Oct 2020

BSE CLOSED @ 39614.07 ❌ 135.78 Points

NSE CLOSED @ 11642.40 ❌ 28.40 Points

BankNifty Closed 23900.90 ❌ 191.10 Points

India VIX Closed 24.7525 ✅ 0.7300 Points.

Weekly 26 -- 30 Oct 2020

BSE CLOSED @ 39614.07 ❌ 1071.43 Points

NSE CLOSED @ 11642.40 ❌ 287.95 Points

BankNifty Closed 23900.90 ❌ 577.40 Points

India VIX Closed 24.7525 ✅ 2.9250 Points.

Monthly Oct 20

BSE CLOSED @ 39614.07 ✅ 1546.14 Points

NSE CLOSED @ 11642.40 ✅ 394.85 Points

BankNifty Closed 23900.90 ✅ 2449.10 Points

India VIX Closed 24.7525 ✅ 5.2225 Points.

Fno Analysis

 F&O Cues

Nifty November futures closed at 11,670; discount of 1 point from 10 points

Nifty November futures add 49% and 32.8 lakh shares in Open Interest

Nifty Bank November futures closed at 24,110; premium of 18 points from 17 points

Nifty Bank November futures add 34% and 4 lakh shares in Open Interest

Nifty Put-Call Ratio at 0.98

Out Of F&O Ban: Coforge, Vodafone Idea.

Nifty Weekly Expiry: November 5

Maximum Open Interest on Call side at 12,500 strike (12.3 lakh shares)

Maximum Open Interest on Put side at 11,600 strike (11.2 lakh shares)

Active Options: 11,600 Put (5.7 lakh shares) and 12,500 Call (7.7lakh shares)

Nifty Monthly Expiry: November 26

Maximum Open Interest on Call side at 12,000 strike (14.5 lakh shares)

Maximum Open Interest on Put side at 11,500 strike (21.3 lakh shares) 

Stocks in the news

Vodafone Idea reported a consolidated loss of Rs 7,218.2 crore in Q2 FY21 against a loss of Rs 25,460 crore. Revenue rose to Rs 10,791.2 crore from Rs 10,659.3 crore QoQ.

TVS Motor Company reported a lower standalone profit of Rs 196.2 crore in Q2 FY21 compared to Rs 255 crore. Revenue rose to Rs 4,605.5 crore from Rs 4,347.8 crore YoY.

HPCL will consider a share buyback on November 4.

Canara Bank reported higher profit at Rs 444.1 crore in Q2 FY21 against Rs 364.9 crore. Net interest income jumped to Rs 6,296 crore from Rs 3,129 crore YoY.

Welspun Corp reported lower consolidated profit at Rs 153.8 crore in Q2 FY21 compared to Rs 161.1 crore. Revenue fell to Rs 1,157.66 crore from Rs 2,262.95 crore YoY.

InterGlobe Aviation (IndiGo) reported a loss of Rs 1,194.8 crore in Q2 FY21 against a loss of Rs 1,062 crore. Revenue dropped to Rs 2,740.9 crore from Rs 8,105 crore YoY.

Tata Group Stocks: The Mistry-family owned SP Group has proposed a plan of separation from Tata Sons. The SP Group has proposed a selective reduction of capital at Tata Sons, thereby extinguishing the shares held by them. In exchange, SP Group can be granted shares in listed companies of the group. It has also proposed cash consideration or shares for brand value, unlisted assets etc. The SP Group holds 18.37% stake in Tata Sons, which it values at more than Rs 1.75 lakh crore.

InterGlobe Aviation: To defer decision on Qualified Institutional Placement to December.

ICICI Prudential Life Insurance: Board approved raising Rs 1,200 crore via NCDs.

Aviation Stocks: Hardeep Singh Puri, Minister of Civil Aviation stated that there will be an extension of the fare-cap on airlines by another three months.

Indian Energy Exchange: Signs agreement with MCX which will enable the latter to use IEX's electricity clearing prices for settlement of its electricity derivative contracts.

Vedanta: CRISIL downgrades long-term facilities to CRISIL AA- from CRISIL AA. The outlook has been revised to stable from negative. The company will also be considering its quarterly results on November 6.

MRPL: Board approved raising up to Rs 5,000 crore via NCDs.

Zensar Tech: Board gives in-principle approval for merger of its wholly-owned arm Cynosure Interface Services with itself.

AU Small Finance Bank: Board has approved re-appointment of Raj Vikash Verma as part chairman till April 8, 2023.

Nifty Earnings Today: Indian Oil Corporation, IndusInd Bank, Reliance Industries, UPL

Non-Nifty Earnings Today: Deepak Nitrite, Dhanuka Agritech, Dixon Technologies, DLF, Edelweiss, JSPL, Just Dial, Max Financial Services, Motilal Oswal, Quess Corp, Rain Industries 

Corporate Action & Results

 Results

Reliance Industries, IndusInd Bank, Indian Oil Corporation, DLF, LT Foods, Deepak Nitrite, Dhanuka Agritech, Dixon Technologies (India), Edelweiss Financial Services, Emkay Global Financial Services, IFB Industries, Intellect Design Arena, Jindal Steel & Power, Jindal Stainless, Just Dial, Mahindra Lifespace Developers, Mahindra Logistics, Max Financial Services, Motilal Oswal Financial Services, NIIT, Nucleus Software Exports, Quess Corp, RPG Life Sciences, Sundaram-Clayton, UPL, Vakrangee and Zee Media Corporation among 80 companies will declare their quarterly earnings on October 30.

World Market Update

 S&P 500 Rebounds to Post Biggest Gain in Two Weeks: Markets Wrap

U.S. stocks bounced back a day after their biggest rout in four months, with investors encouraged by better-than-forecast economic data even as they kept a wary eye on growing coronavirus infections.

The S&P 500 Index 1.2%, the most since Oct. 12, after President Donald Trump said he plans “a very big package” of stimulus following the election. The dollar and Treasury yields rose after reports showed a decline in weekly jobless claims and a surge in third-quarter economic growth that reversed much of the pandemic collapse.

Main market moves:

Stocks

The S&P 500 Index rose 1.2% as of 4 p.m. New York time.

The Nasdaq 100 Index increased 1.9%.

The Stoxx Europe 600 Index fell 0.1%.

The MSCI Asia Pacific Index decreased 0.2%.

Currencies

The Bloomberg Dollar Spot Index increased 0.3%.

The British pound declined 0.4% to $1.2936.

The euro weakened 0.6% to $1.1678.

The Japanese yen fell 0.3% to 104.64 per dollar

Bonds

The yield on 10-year Treasuries rose six basis points to 0.83%.

Germany’s 10-year yield declined one basis point to -0.64%.

Britain’s 10-year yield rose one basis point to 0.22%.

Commodities

WTI crude declined 2.7% to $36.38 a barrel.

Gold weakened 0.4% to $1,870.01 an ounce.

Closing Index

 29 Oct 20 

BSE CLOSED @ 39749.85 ❌ 172.61 Points 

NSE CLOSED @ 11670.80 ❌ 58.80 Points

BankNifty Closed 24092 ❌ 140.50 Points 

India VIX Closed 24.0225 ✅ 0.7425 Points.

Oct Expiry Nifty 11670.80 ✅ 865.25 Points

Stocks To Watch

Cipla: Announced commercialisation of the antibody detection kits for Covid-19 in India, in partnership with KARWA Ltd. Cipla will market and distribute the testing kit that will be manufactured by KARWA Ltd.

Ajanta Pharma: To consider share buyback on November 3.

HUDCO: Achieved loan sanctions worth Rs 2,628.2 crore and loan releases worth Rs 3,411.8 crore as on September 30, 2020.

NTPC: Enters into foreign currency loan agreement worth Rs 3,582 crore with various financial institutions in Japan. 60% of the amount will be provided by the Japan Bank for International Co-operation, while the balance will be given by a consortium of commercial banks, under the guarantee by JBIC. The loan proceeds will be used to fund capex for fuel gas desulphurisation and renewable energy projects. The agreement has ben signed under the GREEN initiative.

GSK Pharma: Post the global voluntary recall of Zinetac, the company has decided to proceed with the sale of its manufacturing site at Vemgal and has classified the assets as 'held for sale.'

PNB Housing: To get capital infusion worth Rs 600 crore from Punjab National Bank. Also approves fund raising worth Rs 1,800 crore through preferential issue, rights issue.

Max India: Board approved giving corporate guarantee worth Rs 170 crore to Antara Senior Living.

HSIL: Board approves setting up a specialty glass facility to meet the packaging requirements of segments like pharma, including vials, perfumery and other cosmetics along with high-end liquor. The facility will have a capacity of 150 tonnes per day and will be set up at a cost of Rs 220 crore. It will also expand the capacity of its pipes business to 48,000 tonnes per annum from the current 30,000 tonnes per annum at a total cost of Rs 100 crore.

Godrej Industries: Allotted NCDs worth Rs 750 crore.

VA Tech Wabag: Files writ petition in the Delhi High COurt agains the Delhi Jal Board. The DJB has issued a debarment letter, stating that the company cannot participate in Delhi Jal Board tenders for a period of three years. This is with regard to certain non-payment of dues of more than five years and other issues over a contract for operations and maintenance of a sewage treatment plant in Delhi.

ICICI Lombard General Insurance: Future and Options contracts will be available for trading from October 30.

DCB Bank: Reserve Bank of India imposes a penalty of Rs 22 lakh in relation to para-banking activity.

Nifty Earnings Today: Maruti Suzuki, BPCL

Non-Nifty Earnings Today: Aavas Financiers, Aegis Logistics, Apollo Pipes, Bank of Baroda, Canara Bank, Blue Dard, Havells India, InterGlobe Aviation, Laurus Labs, JK Paper, MRPL, Orient Cement, Strides Pharma, Tata Chemicals, TVS Motor, Vodafone Idea, Zensar Technologi 

Fno Analysis

 F&O Cues

Nifty October futures closed at 11,720; discount of 10 points from 14 points

Nifty October futures shed 21.5% and 17 lakh shares in Open Interest

Nifty Bank October futures closed at 24,250; premium of 17 points from discount of 13 points

Nifty Bank October futures shed 23% and 2.2 lakh shares in Open Interest

Nifty Put-Call Ratio at 0.9

Stocks In F&O Ban: Coforge, Vodafone Idea

Nifty Monthly Expiry: October 29

Maximum Open Interest on Call side at 12,000 strike (65.6 lakh shares)

Maximum Open Interest on Put side at 11,500 strike (39.4 lakh shares)

Active Options: 11,800 Put (-8.6 lakh shares) and 12,000 Call (21.6 lakh shares) 

Results

 Results on October 29

Maruti Suzuki, BPCL, Bank of Baroda, Canara Bank, Havells India, Vodafone Idea, InterGlobe Aviation, Tata Chemicals, TVS Motor Company, AAVAS Financiers, Aegis Logistics, Apollo Pipes, Arvind, Astec Lifesciences, Bajaj Healthcare, Blue Dart Express, Cholamandalam Investment and Finance Company, Coromandel Engineering, Gateway Distriparks, Great Eastern Shipping, Himadri Speciality Chemical, JK Paper, Laurus Labs, Mastek, Mahindra Holidays, MRPL, PTC India Financial Services, Security and Intelligence Services, Shriram Transport Finance, Strides Pharma Science, Surya Roshni, Vaibhav Global, Welspun Corp, Welspun India and Zensar Technologies among 89 companies will declare their quarterly earnings on October 29.

Stocks in the news

RBL Bank  reported sharply higher profit at Rs 144.2 crore in Q2 FY21 against Rs 54.3 crore. Net interest income rose to Rs 932.1 crore from Rs 868.7 crore YoY.

Ajanta Pharma will consider a share buyback proposal on November 3.

Larsen & Toubro (L&T) reported higher profit at Rs 5,520.3 crore in Q2 FY21 against Rs 2,527.3 crore. Revenue fell to Rs 31,034.7 crore from Rs 35,328.5 crore YoY.

Axis Bank posted a profit of Rs 1,682.7 crore in Q2 FY21 against a loss of Rs 112.1 crore. Net interest income rose to Rs 7,326.1 crore from Rs 6,101.8 crore YoY.

Can Fin Homes reported a profit of Rs 128.4 crore in Q2 FY21 against Rs 97.62 crore. Revenue increased to Rs 525.8 crore from Rs 500.67 crore YoY.

ICICI Securities reported sharply higher profit at Rs 278 crore in Q2 FY21 against Rs 135 crore. Revenue jumped to Rs 680.6 crore from Rs 417 crore YoY.

PI Industries reported higher profit at Rs 217.6 crore in Q2 FY21 against Rs 123.2 crore. Revenue rose to Rs 1,157.7 crore from Rs 907.4 crore YoY

Fno Ban Stocks 29.10.20

 Stock under F&O ban on NSE 29-Oct-20 

1 COFORGE

2 IDEA

Corporate Actions

Today's Corporate Action 29th Oct Ex Date

COLPAL Interim Dividend Rs. - 18.0000

NESTLEIND Interim Dividend Rs. - 135.0000

OCTAWARE E.G.M

TECHM Special Dividend - Rs. - 15.0000

Today's Board Meetings 29-Oct-20

BANARBEADS Quarterly Results

BLUEDART Quarterly Results

CHEMFABALKA Employees Stock Option Plan;Quarterly Results

CHOLAFIN Quarterly Results

COROENGG Quarterly Results

HOCL General;Quarterly Results

JCHAC Quarterly Results

LAKSELEC Quarterly Results

MARUTI Quarterly Results

MHRIL Quarterly Results

RASRESOR Quarterly Results

SIS Quarterly Results

STHINPA Quarterly Results

TVSMOTOR Quarterly Results

VAIBHAVGBL Interim Dividend;Quarterly Results

ZENSARTECH Quarterly Results

World Market Update

 S&P 500 Tumbles in Worst Stock Rout in Four Months: Markets Wrap

Stocks tumbled in the U.S. and Europe as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic.

The S&P 500 Index fell 3.5%, the biggest drop since June, amid a surge in Covid-19 hospitalizations, especially in the Midwest. Energy shares sank with oil prices, and technology stocks were also among the worst performers, with Microsoft Corp. down after a disappointing forecast. The VIX Index, a measure of expected U.S. equity volatility, climbed to the highest level since June.

Asian stocks looked primed for losses after shares tumbled in the U.S. and Europe, as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. Futures pointed lower in Japan, Australia and Hong Kong. The S&P 500 lost 3.5% for its biggest drop since June, while a gauge of U.S. equity volatility surged. The dollar rose against every G-10 peer save the yen, with the Aussie among the weakest performers. Treasuries were little changed, while gold declined. Oil fell more than 5%.

Main moves in markets:

Stocks

The S&P 500 Index dropped 2.8% as of 4 p.m. New York time.

The Stoxx Europe 600 Index decreased 3%.

The MSCI Asia Pacific Index fell 0.5%.

Currencies

The Bloomberg Dollar Spot Index increased 0.6%.

The British pound declined 0.5% to $1.2981.

The Japanese yen gained 0.1% to 104.35 per dollar.

Bonds

The yield on 10-year Treasuries was little changed at 0.77%.

Germany’s 10-year yield fell one basis point to -0.63%.

Britain’s 10-year yield decreased two basis points to 0.21%.

Commodities

West Texas Intermediate crude sank 5.6% to $37.36 a barrel.

Gold weakened 1.6% to $1,878.26 an ounce.

Closing Index

 28 Oct 20 

BSE CLOSED @ 39922.46 ❌ 599.64 Points 

NSE CLOSED @ 11729.60 ❌ 159.80 Points

BankNifty Closed 24232.50 ❌ 537 Points 

India VIX Closed 23.2800 ✅ 1.0850 Points

Run For Investor Dec Month

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Registered Here : Click Here

RUN 1KM / 2KM / 3KM / 5KM / 10KM / 21KM

ABOUT THE *#Investors VIRUAL RUN*. Run for the Traders And Investors, Runners around the globe, in turbulent and challenging times! By taking part in the race you’re keeping your running alive. RUN ON occasion of 26 December or 27 December. So be a part of this event. ..Covid19 ALL situation its very important hare so keep distance use mask & stay safe...

OUR FACEBOOK PAGE : Visit Here

This Event is organized to encourage fitness and promote fitness amongst the population.

1) Select the marathon category in the form. Complete that distance between 26 December or 27 December.

2) Record your activities in any GPS tracking app and send that activity screenshot / link on marketmovers35@gmail.com as soon as you finish the run

3) All the participants will receive the E- certificate via email upon finishing the run and submitting the 

photos in 20 Days.

FOR MORE DETAILS email us marketmovers35@gmail.com

Rules and Regulation:

1. It is mandatory to follow all social distancing rules.

2. Registration on town script is mandatory.

3. It is mandatory to share your pictures and selfies.

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5. This Virtual Run will not be responsible for any injury or suffering that occurred to you during the event, it is necessary to take medical advice from your doctor for your Physical Fitness and safety of your health.

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8. You agree to abide by the instructions provided by the organizers from time to time in the best interest of your health and event safety.

9. You confirm that your name and media recordings were taken during the participation may be used to publish the event.

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Run For Investor Nov Month

*Free Registration* 

REGISTERED : Click Here

RUN 1KM / 2KM / 3KM / 5KM

ABOUT THE *#Investors VIRUAL RUN*. Run for the Traders And Investors, Runners around the globe, in turbulent and challenging times! 

By taking part in the race you’re keeping your running alive.

RUN ON occasion of 28 November or 29 November. So be a part of this event. ..Covid19 ALL situation its very important hare so keep distance use mask & stay safe...

OUR FACEBOOK PAGE : https://www.facebook.com/tradingvalues

This Event is organized to encourage fitness and promote fitness amongst the population.

1) Select the marathon category in the form. Complete that distance between 28 November or 29 November. 

2) Record your activities in any GPS tracking app and send that activity screenshot / link on marketmovers35@gmail.com as soon as you finish the run

3) All the participants will receive the E- certificate via email upon finishing the run and submitting the photos in 20 Days.

FOR MORE DETAILS email us marketmovers35@gmail.com 

Rules and Regulation:

1. It is mandatory to follow all social distancing rules.

2. Registration on town script is mandatory.

3. It is mandatory to share your pictures and selfies.

4. It is mandatory to use applications like Strava, Nike run, Garmin, Adidas/ any smartwatch app.

5. This Virtual Run will not be responsible for any injury or suffering that occurred to you during the event, it is necessary to take medical advice from your doctor for your Physical Fitness and safety of your health.

6. It is mandatory to select the category.

7. It is mandatory to fill all your information in the given form

8. You agree to abide by the instructions provided by the organizers from time to time in the best interest of your health and event safety.

9. You confirm that your name and media recordings were taken during the participation may be used to publish the event.

10. You may acknowledge that your name and personal information can be stored and used by Future sports.

 You choose to accept the Terms and Conditions laid and follow during the event

 You choose to accept Market Movers won't be liable for any harm caused during the event as this is a Virtual Event

 You will cooperate with the organizers and make this event successful 

Fno Analysis

 F&O Cues

Nifty October futures closed at 11,875; discount of 14 points from premium of 12 points

Nifty October futures shed 13% and 12 lakh shares in Open Interest

Nifty Bank October futures closed at 24,757; discount of 13 points from premium of 51 points

Nifty Bank October futures shed 27% and 3.6 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.16

Nifty Monthly Expiry: October 29

Maximum Open Interest on Call side at 12,000 strike (44 lakh shares)

Maximum Open Interest on Put side at 11,500 strike (39 lakh shares)

Active Options: 11,800 Put (10 lakh shares) and 12,500 Call (-12.3 lakh shares

Earnings

 Nifty Earnings Today: Axis Bank, Dr Reddy's Laboratories, Hero MotoCorp, Larsen & Toubro, Titan

Non-Nifty Earnings Today: APL Apollo Tubes, Aavas Financiers, Blue Star, Carborundum Universal, AU Small Finance Bank, Cummins India, GSK Pharma, Firstsource Solutions, ICICI Securities, Marico, MCX, Navin Fluorine, PI Industries, PNB Housing, Radico Khaitan, RBL Bank, Route Mobile, Tata Coffee, UTI AMC, V-Guard Industries, Welspun Enterprises.

Results on October 28

L&T, Axis Bank, Hero MotoCorp, Dr Reddy's Laboratories, Titan Company, APL Apollo Tubes, Aptech, AU Small Finance Bank, Balaji Amines, Blue Star, Can Fin Homes, Carborundum Universal, CG Power and Industrial Solutions, Cummins India, Firstsource Solutions, GSK Pharma, Heritage Foods, HSIL, IIFL Wealth Management, ICICI Securities, Marico, Max India, MCX, MOIL, Navin Fluorine International, Piramal Enterprises, PI Industries, PNB Housing Finance, Radico Khaitan, RBL Bank, Route Mobile, Schaeffler India, Tata Coffee, Texmo Pipes & Products, Thyrocare Technologies, UTI Asset Management Company and V-Guard Industries are among 69 companies to announce quarterly earnings on October 28. 

Stocks in the news

Tata Motors reported a consolidated loss of Rs 314.5 crore in Q2 FY21 against a loss of Rs 216.6 crore. Revenue fell to Rs 53,530 crore from Rs 65,431 crore YoY.

Bharti Airtel reported a consolidated loss of Rs 763.2 crore in Q2 FY21 against a loss of Rs 15,933.1 crore. Revenue rose to Rs 25,785 crore from Rs 23,938.7 crore QoQ. .

ICICI Prudential Life Insurance Company reported a profit of Rs 302.46 crore in Q2 FY21 against Rs 301.84 crore YoY. Net premium income rose to Rs 8,572.2 crore from Rs 8,064.7 crore YoY.

Network18 Media & Investments reported a Q2 profit of Rs 68 crore against a loss of Rs 25 crore. Revenue came in at Rs 1,061 crore against Rs 1,174 crore YoY.

TV18 Broadcast reported higher profit of Rs 115 crore in Q2 FY21 against Rs 46 crore, revenue at Rs 1,013 crore against Rs 1,127 crore YoY.

Castrol India reported higher profit at Rs 204.6 crore in Q2 against Rs 188.4 crore, revenue rose to Rs 883.1 crore from Rs 849.2 crore YoY.

Hero MotoCorp: Announces agreements with Harley-Davidson for the Indian market. The company will sell and service Harley motorcycles and sell parts & accessories through network of Harley dealers and its existing dealership network. It will also develop and sell a range of premium motorcycles under the Harley-Davidson brand name.

ICICI Bank: The United States Securities and Exchange Commission (SEC) has concluded its investigation into the bank’s loan impairment provisions under US GAAP and that the SEC does not intend to take any enforcement action against the lender.

JSW Steel: Has completed the acquisition of Asian Colour Coated Ispat through its wholly-owned subsidiary JSW Steel Coated Products. JSWCPL has infused Rs 1,550 crore into its wholly-owned subsidiary Hasaud Steel through a mix of debt and equity as per the resolution plan. Hasaud Steel has paid Rs 1,477 crore to certain financial creditors of Asian Colour Coated Ispat and has infused Rs 73 crore into Asian Colour Coated Ispat for onward payments to operational creditors and employees.

Tata Motors: Jaguar Land Rover sets aside 90 million pounds for potential European Union fines related to its fleet exceeding carbon dioxide limits. Also, Ralf Speth has resigned as the non-executive director of the company. The new JLR CEO Thierry Bollore and Kosaraju Veerayya Chowdary have been appointed as non-executive directors.

Asian Paints: Compliance Officer has approved promoter Sattva Holding and Trading's plan to adhere to RBI guidelines. The promoter will sell 5.64 crore shares or 5.88% stake in the company between May 1, 2021 and April 30, 2022 worth Rs 500 crore. The sale will be made in tranches. The proceeds from the sale will be used for reducing debt and quantum of pledged shares.

Bharti Airtel: To exit the Ghana market. The government of Ghana will acquire 100% stake in Airtel Ghana. To take an impairment hit of Rs 184 crore.

Adani Gas: To consider raising up to $400 million through foreign currency bonds on November 3.

NACL Industries: The company's arm has acquired Gujarat Industrial Development Corporation's industrial land, which will be used to set up a green-field project to manufacture agro chemicals, active ingredients and formulations.

Delta Corporation: Sikkim casino operations to resume from November 1.

Cochin Shipyard: Signs MoU with Italy's Fincantieri for co-operation in areas of design, ship building, ship repair, marine equipment manufacturing along with training and skill development.

Fno Ban Stocks

 Stock under F&O ban on NSE 28-Oct-20

1 COFORGE

2 IDEA

Corporate Action

 Today's Corporate Action 28th Oct Ex Date

ASIANPAINT Interim Dividend- Rs. - 3.3500

CONFIPET Final Dividend - Rs. - 0.0750

CCL Interim Dividend - Rs. - 2.0000

DHINDIA E.G.M.

FOSECOIND Interim Dividend- Rs. - 5.0000

GMM Interim Dividend- Rs. - 1.0000

GRANULES Interim Dividend- Rs. - 0.2500

HINDUNILVR Interim Dividend- Rs. - 14.0000

SASKEN Interim Dividend- Rs. - 10.0000

VEDL Interim Dividend- Rs. - 9.5000

Today's Board Meetings 28-Oct-20

AXISBANK Quarterly Results

CARBORUNIV Quarterly Results

CUMMINSIND Quarterly Results

DRREDDY Quarterly Results

FSL Quarterly Results

GLAXO General;Quarterly Results

HERITGFOOD Quarterly Results

HEROMOTOCO Quarterly Results

IIFLWAM Quarterly Results

KAYCEEI Quarterly Results

KIRLFER Quarterly Results

KOKUYOCMLN Quarterly Results

KRISHNACAP Quarterly Results

LT Quarterly Results

MARICO Interim Dividend;Quarterly Results

NAVINFLUOR Interim Dividend;Quarterly Results

PIIND Quarterly Results

RADICO Quarterly Results

RBLBANK Quarterly Results

SCHAEFFLER Quarterly Results

SERIND Quarterly Results

SKYLMILAR Quarterly Results

SUMEETINDS Quarterly Results

SUPREMEIND Interim Dividend;Quarterly Results

TATACOFFEE Quarterly Results

TITAN Quarterly Results

UTIAMC Quarterly Results

Closing Index

 27 Oct 20 

BSE CLOSED @ 40522.10 ✅ 376.60 Points 

NSE CLOSED @ 11889.40 ✅ 121.65 Points 

BankNifty Closed 24769.50 ✅ 694.05 Points 

India VIX Closed 22.1950 ❌ 0.6375 Points.

Stocks To Watch

NTPC: To consider proposal for share buyback on November 2. SEBI had granted certain exemptions to the company for proceeding with the share buyback on October 23. The government holds 51% stake in the company, as per the latest shareholding pattern.

Aurobindo Pharma: Novartis has filed a complaint in the Federal Court in Wilmington, Delaware against the company, stating that Aurobindo's proposed generic version of a treatment for dry eye infringes 15 patents for Xiidra, which Novartis acquired in 2019 for $3.4 billion. Novartis has sought a court order blocking copies until the patients expire.

IDBI Bank: To consider raising funds via Qualified Institutional Placement on October 29.

Great Eastern Shipping: Board approved raising Rs 150 crore via NCDs.

Forbes & Co: ICRA downgrades rating on long-term funds to ICRA BB+ from ICRA BBB+ while the outlook has been retained as negative. Similarly, it has also downgraded the rating on short-term funds to ICRA A4+ from ICRA A2. The rating downgrade reflects the weakening financial profile of its parent company, Shapoorji Pallonji.

NCL Industries: Cement production up 65% in the September quarter to 6.14 lakh MT. Cement dispatches up 68% to 6.16 lakh MT. Cement boards production down 50% to 9,216 MT while Cement boards dispatches down 9% to 13,748 MT. Numbers compared on a year-on-year basis.

Coforge: Promoter Hulst BV sold 38 lakh shares or 6.27% stake at Rs 2,310.56 per share.

Nifty Earnings Today: Bharti Airtel, Tata Motors

Non-Nifty Earnings Today: Amara Raja Batteries, Castrol India, CEAT, ICICI Prudential, JM Financial, Nippon Life India AMC, Suven Life, SKF India 

Fno Analysis

 F&O Cues

Nifty October futures closed at 11,780; premium of 12 points from 4 points

Nifty October futures shed 12.6% and 13 lakh shares in Open Interest

Nifty Bank October futures closed at 24,126; premium of 51 points from 50 points

Nifty Bank October futures shed 13.2% and 2 lakh shares in Open Interest

Nifty Put-Call Ratio at 0.85

Enters F&O Ban: Coforge

Out Of F&O Ban: BHEL, Canara Bank, Punjab National Bank

Stocks In F&O Ban: Coforge, Escorts, Nalco, Vedanta, Vodafone Idea

Nifty Monthly Expiry: October 29

Maximum Open Interest on call side at 12,500 strike (56 lakh shares)

Maximum Open Interest on put side at 10,500 strike (37 lakh shares)

Active Options: 11,900 Put (-7.2lakh shares) and 11,900 Call (19.2 lakh shares)

Fno Ban Stock 27.10.20

 Stock under F&O ban on NSE 27-Oct-20

1 COFORGE

2 ESCORTS

3 IDEA

4 NATIONALUM

5 VEDL

Corporate Actions

 Today's Corporate Action 27th Oct Ex Date

HINDZINC Interim Dividend - Rs. - 21.3000

LTI Interim Dividend - Rs. - 15.0000

Today's Board Meetings 27-Oct-20

AMARAJABAT Quarterly Results

BHARTIARTL Quarterly Results

CASTROLIND Quarterly Results

CEATLTD Quarterly Results

GUJINTRX Quarterly Results

ICICIPRULI Quarterly Results

JMFINANCIL Quarterly Results

MARUTISE Quarterly Results

SANOFI Quarterly Results

SKFINDIA Quarterly Results

TATAMOTORS Quarterly Results

Results

Bharti Airtel, Tata Motors, Amara Raja Batteries, Castrol India, Ceat, ICICI Prudential Life Insurance Company, JM Financial, Man Industries, Mangalam Organics, Nippon Life India Asset Management, Sanofi India, SKF India, Suven Life Sciences and VST Industries are among 37 companies to announce quarterly earnings on October 27.

Forthcoming Results

(27th October)

63 Moons Technologies Ltd.

Accelya Solutions India Ltd.

Acrow India Ltd.

Amara Raja Batteries Ltd.

Artson Engineering Ltd.

Bharti Airtel Ltd.

Castrol India Ltd.

Ceat Ltd.

Gujarat Intrux Ltd.

Gujarat Poly Electronics Ltd.

Hindustan Fluorocarbons Ltd.

ICICI Prudential Life Insurance Company Ltd.

JK Agri Genetics Ltd.

JM Financial Ltd.

KSolves India Ltd.

Kirloskar Pneumatic Company Ltd.

Kriti Industries (India) Ltd.

Kriti Nutrients Ltd.

Man Industries (India) Ltd.

Mangalam Organics Ltd.

Maruti Securities Ltd.

Network 18 Media & Investment Ltd.

Nippon Life India Asset Management Ltd.

Orient Bell Ltd.

Paushak Ltd.

Praxis Home Retail Ltd.

Presha Metallurgical Ltd.

Pressure Sensitive Systems (India) Ltd.

Rishabh Digha Steel & Allied Products Ltd

SKF India Ltd.

Sanofi India Ltd.

Savita Oil Technologies Ltd.

Seven Hill Industries Ltd.

Shilchar Technologies Ltd.

Shree Ganesh Bio-Tech (India) Ltd.

Suven Life Sciences Ltd.

TV18 Broadcast Ltd.

Tata Motors Ltd.

VST Industries Ltd.

World Market Update

 S&P 500 Tumbles Most in a Month on Virus Spread: Markets Wrap

The S&P 500 Index posted its biggest drop in a month on concern rising coronavirus cases will hurt the global economy and as prospects dimmed for fiscal aid from Washington before the presidential election.

Losses for energy and industrial companies sent the benchmark gauge down 2.9% at one point, though stocks pared losses in the afternoon amid recoveries for the biggest technology companies and as House Speaker Nancy Pelosi voiced optimism on a stimulus deal. Boeing Co., Lockheed Martin Corp. and Raytheon Technologies Corp. slid on China’s plan to sanction the companies over arms sales to Taiwan.

In Europe, a gauge of tech stocks fell the most since March after German software maker SAP SE plunged 22% following a cut to its sales forecast and warnings that the pandemic will hurt business through mid-2021.

Asian stocks looked poised to open weaker Tuesday after U.S. shares tumbled on concern over rising coronavirus cases and stuttering stimulus talks. The S&P 500 Index had its biggest loss in a month. Treasuries advanced. Futures pointed lower in Japan and Australia. Ongoing fiscal spending talks in Washington continued to weigh on sentiment as prospects dimmed for fiscal aid before the presidential election. The dollar strengthened and 10-year Treasury yields slid toward 0.8%. Oil and copper declined, while gold was little changed.

Futures on the Dow Jones are currently trading 70 points higher. The index fell 2.3% on Monday. The S&P 500 too saw its biggest fall in a month.

Ongoing spending talks in Washington continued to weigh on sentiment as prospects dimmed for fiscal aid before the presidential election.

A gauge of technology stocks in Europe fell the most since March, after a 22% decline in SAP SE, following a cut to its sales forecast and a warning that the pandemic will hurt business through mid-2021.

“The reflation trade which was working so beautifully is being part unwound – not because of election repricing, but due to the new wave of Covid cases,” Chris Weston, head of research at Pepperstone wrote in a note.

Yield on the 10-year treasuries stood at 0.79%.

West Texas Intermediate crude was up 0.2% at $38.65 per barrel. 

Closing Index

 26 Oct 20 

BSE CLOSED @ 40145.50 ❌ 540 Points 

NSE CLOSED @ 11767.75 ❌ 162.60 Points 

BankNifty Closed 24075.45 ❌ 402.85 Points 

India VIX Closed 22.8325 ✅ 1.0050 Points.

Today's Concall

 Concall list

Monday 26 October 2020

Time :12:00 PM 

Premier Expl

Dial: +91 22 6280 1256

Time :2:30 PM 

Heidelberg Cem

Dial: +91 22 6280 1143

Time :3:00 PM 

Aarti Drugs

Dial: +91 22 6280 1210

Time :3:30 PM 

Vardhman Text

Dial: 1800 121 8750

Time :4:00 PM 

Control Print

Dial: +91 22 6280 1317

Time :4:00 PM 

Sudarshan Chem

Dial: +91 22 6280 1386

Time b5:00 PM 

Rossari

Dial: + 91 22 6280 1141

Time :5:00 PM 

Persistent

Dial: +91 22 7115 8006

Time :5:30 PM 

Torrent Pharma

Dial: +91 22 6280 1439

Time :6:00 PM 

Kotak Mahindra

Dial: 02262801215

Stocks To Watch

Kotak Mahindra Bank & IndusInd Bank: Bloomberg News reports that Kotak Mahindra Bank is exploring a takeover of IndusInd Bank, citing people with knowledge of the matter. Sources said that Uday Kotak, the bank's founder & CEO is looking at the possibility of an all-stock acquisition. While Kotak Mahindra Bank's spokesman declined to comment, IndusInd "completely denied the rumour and considered it malicious, untrue and baseless."

Future Group: Directed to put its transaction with Reliance Retail on hold for now after the Singapore International Arbitration Centre passed an interim order. However, Reliance Retail has said that it will still proceed with the acquisition as it is 'fully enforceable under Indian law and has been done with proper legal advice.' Amazon has welcomed the order.

Vedanta: Declares first interim dividend of Rs 9.5 per share. Record date for the same set at October 31.

Larsen & Toubro: To consider and approve special dividend at its board meeting on October 28. The record date for the same has been set at November 5.

Tata Motors: PTI reports that the company has bagged a supply order of 6,413 Tata Ace Gold Mini Trucks from the Andhra Pradesh Government.

Mahindra & Mahindra: Ssangyong Motor reported a net loss of 102.44 billion won while sales were down 16% to 705.7 billion won for the third quarter. The company reported an operating loss of 93.19 billion won.

Ashoka Buildcon: Wholly-owned subsidiary gets letter of financial closure from the NHAI for the Kandi-Ramsanpalle four-laning project. The bid project cost is Rs 1,000 crore.

Tech Mahindra: Wholly-owned subsidiary Tech Mahindra (Singapore) to acquire 100% equity shares in Auckland-based Tenzing Group. The acquisition is to be done for a cash consideration of $29.5 million and is likely to close by November 30,2020. The acquisition will bring strong capabilities, primarily in the insurance vertical along with expanding its footprint in the Australia and New Zealand market. The acquisition is subject to approval from Overseas Investment Office, New Zealand. It will also acquire 100% stake in Momenton, for a total sum of 14.3 million Australian Dollars.

GE Shipping: Took delivery of a secondhand very large gas carrier 'Jag Vishnu' of about 77,922 Cubic Meter (cbm). The company had contracted to buy the vessel in Q2FY21. Current fleet stands at 46 vessels.

Ambuja Cements: Imposes a penalty of Rs 1 lakh on Chief Commercial Officer (West & South), Pankaj Mota over inadvertently trading in the company's shares during the window closure period. Mota bought 5,000 shares and subsequently sold them without obtaining pre-clearance. The penalty amount and profits from the trade will be remitted to the Investor Protection Education Fund (IPEF).

L&T Technology Services: The company in its conference call stated that decision making has picked up pace from September. Smaller projects and awards have accelerated. However, seeing delays and longer decision cycles on larger deals. Confident of all sectors, including telecom and hi-tech continuing the growth path sequentially.

Bank of Baroda: Capital raising committee approved issuance of Basel-III compliant additional tier-I bonds for a total size not exceeding Rs 2,755 crore in single or multiple tranches.

Edelweiss: To consider a proposal for public issue of NCDs for an amount not exceeding Rs 500 crore to be made in one or more tranches at its board meeting on October 30.

Punjab & Sind Bank: Has declared NPA account of IL&FS Financial Services as fraud and reported to the Reserve Bank of India as per regulatory requirement. The account has dues of Rs 561.13 crore and the bank has made 100% provisioning for the same.

Shankara Building Products: Decides to close retail stores in Trivandrum, Secunderabad and Kurnool as it does not find substantial scale-up opportunities in the medium-term. Net store count post closing down will stand at 112.

Asian Granito: Fixed November 10 as the record date for dividend.

Fno Analysis

 F&O Cues

Nifty October futures end at 11,934; premium of 4 points from 3 points

Nifty October futures add 0.2% and 22,000 shares in Open Interest

Nifty Bank October futures end at 24,528; premium of 50 points from 69 points

Nifty Bank October futures add 3% and 46,000 shares in Open Interest

Nifty Put-Call Ratio at 1.11

Enters F&O Ban: Escorts, Vodafone Idea, Vedanta

Out of F&O Ban: Mindtree

Stocks in F&O Ban: BHEL, Canara Bank, Escorts, Nalco, Punjab National Bank, Vodafone Idea, Vedanta

Nifty: October 29 Expiry

Maximum Open Interest on call side at 12,500 strike (45.9 lakh shares)

Maximum Open Interest on Put side at 10,500 strike (37.7 lakh shares)

Active Options: 11,800 Put (7.5 lakh shares) and 12,500 Call (10 lakh shares)

Fno Ban Stocks 26.10.20

 Stock under F&O ban on NSE 26-Oct-20

1 BHEL

2 CANBK

3 ESCORTS

4 IDEA

5 NATIONALUM

6 PNB

7 VEDL

Corporate Action

 Today's Corporate Action 26th Oct Ex Date

LTTS Interim Dividend

MINDTREE Interim Dividend - Rs. - 7.5000

PRIVISCL Dividend - Rs. - 1.5000

Today's Board Meetings 26-Oct-20

ANGELBRKG Quarterly Results

FINOLEXIND Quarterly Results

GENUSPAPER Quarterly Results

GHCL Quarterly Results

LAXMIMACH Quarterly Results

LGBBROSLTD Quarterly Results

M&MFIN Quarterly Results

SBILIFE Quarterly Results

STYLAMIND Quarterly Results

SUPER Quarterly Results

SWARAJENG Quarterly Results

TIMEX Quarterly Results

TORNTPHARM Quarterly Results

Closing Index

 23 Oct 2020 

BSE CLOSED @ 40685.50 ✅ 127.01 Points 

NSE CLOSED @ 11930.35 ✅ 33.90 Points 

BankNifty Closed 24478.30 ❌ 5.85 Points 

India VIX Closed 21.8275 ❌ 0.8075 Points.

Weekly 19 - 23 Oct 2020 

BSE CLOSED @ 40685.50 ✅ 702.52 Points 

NSE CLOSED @ 11930.35 ✅ 167.90 Points

BankNifty Closed 23533.25 ✅ 945.05 Points 

India VIX Closed 21.8275 ✅ 0.1825 Points.

Fno Ban Stocks 23.10.20

 Stock under F&O ban on NSE 23-Oct-20

1 BHEL

2 CANBK

3 MINDTREE

4 NATIONALUM

5 PNB

Dividends & Results

Results on October 23

Tech Mahindra, Nestle India, Yes Bank, ICICI Lombard General Insurance Company, IDBI Bank, JSW Steel, Aarti Drugs, Alphageo (India), Apollo Tricoat Tubes, Atul, Genus Power Infrastructures, Heidelbergcement India, Mahindra EPC Irrigation, Mold-Tek Technologies, Huhtamaki PPL, Persistent Systems, Premier Explosives, Rane Engine Valve, Sudarshan Chemical Industries, Supreme Petrochem, Vikas Multicorp and Wabco India are among 38 companies to announce quarterly earnings on October 23

Today's Corporate Action 23rd Oct Ex Date

INFY Interim Dividend - Rs. - 12.0000

UNISTRMU E.G.M.

Today's Board Meetings 23-Oct-20

ALPHAGEO Quarterly Results

ASIANTILES A.G.M.;Increase in Authorised Capital;General;Stock  Split

ATUL Quarterly Results

BENARAS Quarterly Results

BHAGIL Quarterly Results

BIGBLOC Quarterly Results

BOMBWIR Quarterly Results

CONTROLPR Quarterly Results

DUNCANENG Quarterly Results

GENUSPOWER Quarterly Results

HEIDELBERG Quarterly Results

ICICIGI Quarterly Results

JSWSTEEL Quarterly Results

MAHEPC Quarterly Results

MINAXI A.G.M.;General

MOLDTEK General;Quarterly Results

NESTLEIND Quarterly Results

ONWARDTEC Quarterly Results

PANTH General

PAPERPROD Quarterly Results

PERSISTENT Quarterly Results

PREMEXPLQ Quarterly Results

RADHEDE Quarterly Results

RANEENGINE Quarterly Results

SUDARSCHEM Quarterly Results

SUNGOLD Quarterly Results

SUPPETRO Quarterly Results

TECHM Quarterly Results

VIPPYSP Quarterly Results

WABCOINDIA Quarterly Results

YESBANK Quarterly Results

ZENITHSTL General;Preferential Issue of shares