Closing Index

 08 Oct 20 

BSE CLOSED @ 40182.67 ✅ 360.83 Points 

NSE CLOSED @ 11834.60 ✅ 95.75 Points

BankNifty Closed 23191.35 ✅ 226.55 Points 

India VIX Closed 20.3800 ✅ 0.3200 Points.

Stocks to watch in trade today

TCS: Board approved buyback of 5.33 crore shares (1.42% equity stake) at Rs 3,000 per share aggregating to Rs 16,000 crore. Buyback price is at a premium of 9.6% to the closing prices as on Oct.7. V. Ramakrishnan would be retiring from post of CFO with effect April 30, 2021 and will be replaced by Samir Sakaria. Salary hikes to be rolled from Oct.1

Wipro: Board to consider buyback on Oct.13.

Bandhan Bank Sept. Update: Advances up 20% at Rs 76,724 crore, on a year on year basis. And deposits up 34% at Rs 66,153 crore. Liquidity coverage ratio stands at 157% and collection efficiency stands at 92% across all loan categories.

ICICI Pru Life Insurance April-Sept. Update: New business premium down 13.5% at Rs 4,456 crore. Annualized premium equivalent down 32.1% at Rs 2,288 crore.

RBL Bank Sept. Update: Advances down by 3% at Rs 57,295 crore and deposits up 8% at Rs 64,529 crore. CASA deposits grew 21% to Rs 20,060 crore. Liquidity coverage ratio stands at 170.7%.

Lakshmi Vilas Bank: Brickwork Ratings has downgraded the rating from BWR BB+ (credit watch with developing implications) to BWR B+ (credit watch with negative implications) for unsecured tier ii bonds of Rs 50.50 crore. The rating downgrade factors in the rejection of seven directors of the bank, including the interim managing director and chief executive officer of the bank, by the bank's shareholders. Bank's substantially weak capital position and very high levels of gross non-performing assets.

Hero MotoCorp has launched Maestro Edge 125 Stealth will be available at a price of Rs 72,950 per unit in the upcoming festive season.

Shriram City Union Finance: Care Ratings has downgraded ratings for NCDs and fixed deposits from CARE AA+ to CARE AA, outlook changed from to stable from negative. The revision in the long-term rating assigned to the various debt instruments of the company factors in relatively high NPA levels with Stage Ili assets of 7.90% as on March 31 even after considering moratorium benefit given to borrowers.

Infosys has announced automated data science platform to support public health agencies.

Asian Granito to consider share split from Rs 10 to Rs 2 of the face value and raise funds via equity issue on Oct.23.

Future Consumer: Care Ratings has reaffirmed NCDs worth Rs 20 crore as CARE D (Default).

S.Chand is looking to raise funds for its EdTech Platforms, which includes both school and student solutions from investors. For this purpose, the Company has retained LoEstro Advisors LLP, a Hyderabad based firm specializing in transaction advisory in the education space.

CG Power defaulted in fund based working capital, non-fund based working capital and term loans worth Rs 1,193 crore which were due on Aug.27, 2019. Lenders include Axis Bank, Yes Bank, ICICI Bank, Barclays Bank, IndusInd Bank, Bank of India, SBM Bank, SCB and Aditya Birla Finance. Total borrowings from banks and financial institutions stood at Rs 3,004 crore as on Sept.30 .

Wonderla Holidays has named Arun Chittilappily as managing director with immediate effect. Kochouseph Chittilappilly appointed as chairman emeritus.

Indian Bank reduced MCLR by 5 basis points across various tenors with effect from Oct.10. One month MCLR at 7.35% and one year MCLR at 7.50%

Fno Analysis

 F&O Cues

Nifty October futures closed at 11,756; premium of 17 points vs premium of 10 points

Nifty October futures Open Interest up 4%, adds 3.6 lakh shares in Open Interest

Nifty Bank October futures closed at 23,011; premium of 46 points vs premium of 56 points

Nifty Bank October futures Open Interest up 1%, sheds 21,000 shares in Open Interest

Options

Nifty PCR at 1.51

Nifty Monthly Expiry: Oct. 8

Max Open Interest on call side at 11,800 (36.7 lakh shares)

Max Open Interest on put side at 11,500 (34.6 lakh shares)

Active options: 11,700 Put (21.3 lakh shares), 11,600 Call (-10lakh shares)

Nifty Monthly Expiry: Oct. 29

Max Open Interest on call side at 12,000 (19.3 lakh shares)

Max Open Interest on put side at 10,500 (35.4 lakh shares) 

Fno Ban Stocks 08.10.2020

 Stock under F&O ban on NSE 08-Oct-20

1 ADANIENT

2 BHEL

3 IDEA

Dividens & Results

 Today's Corporate Action 8th Oct Ex Date

SMGOLD Bonus issue 1:2

VIVIDM Bonus issue 26:10

Today's Analyst/Board Meetings 08-Oct-20

5paisa Capital,

Prabhat Dairy, 

Titagarh Wagons, 

GM Breweries 

Shree Ganesh Remedies 

will announce their quarterly earnings on October 8.

World Market News

Stocks Jump to More Than Month High; Yields Climb: Markets Wrap

Stocks climbed to a more than one-month high on renewed optimism that U.S. lawmakers could still reach an agreement on additional stimulus. Treasuries and the dollar fell.

The S&P 500 gained 1.7% after a barrage of overnight tweets from President Donald Trump advocating a piecemeal approach. Trump sent stocks tumbling late Tuesday by ending talks with Democrats. Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a conversation with Treasury Secretary Steven Mnuchin on Wednesday.

Asian stocks looked set for gains after renewed optimism that U.S. lawmakers could still reach an agreement on fiscal stimulus. The dollar slipped. Futures rose in Japan, Hong Kong and Australia, following the S&P 500’s 1.7% overnight advance. Nancy Pelosi signaled openness to an airline-relief bill in talks with Steven Mnuchin after President Donald Trump scuttled broader negotiations. Treasuries declined, sending the 10-year yield up to 0.79%. Oil dropped after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery.

Stocks

The S&P 500 Index rose 1.7% to 3,419.45 as of 4:07 p.m. New York time, the highest in more than a month.

The Dow Jones Industrial Average gained 1.9% to 28,303.46, the highest in five weeks on the biggest rise in 12 weeks.

The Nasdaq Composite Index increased 1.9% to 11,364.60, the highest in almost five weeks.

The Nasdaq 100 Index climbed 1.9% to 11,503.20.

The Stoxx Europe 600 Index fell 0.1% to 365.45, the first retreat in a week and the largest fall in more than a week.

Currencies

The Bloomberg Dollar Spot Index fell 0.1% to 1,172.49.

The euro rose 0.2% to $1.1763.

The Japanese yen depreciated 0.3% to 105.99 per dollar, the weakest in almost four weeks.

Bonds

The yield on 10-year Treasuries increased five basis points to 0.79%, the highest in almost four months.

The yield on 30-year Treasuries increased five basis points to 1.59%, the highest in four months.

Germany’s 10-year yield gained one basis point to -0.49%, the highest in almost three weeks.

Britain’s 10-year yield rose two basis points to 0.303%, the highest in more than five weeks.

Commodities

West Texas Intermediate crude decreased 1.7% to $39.98 a barrel.

Gold strengthened 0.5% to $1,887.65 an ounce.

Copper climbed 2.1% to $3.03 a pound, the highest in a week.