Closing Index

 20 Oct 20 

BSE CLOSED @ 40544.37 ✅ 112.77 Points 

NSE CLOSED @ 11896.80 ✅ 23.75 Points 

BankNifty Closed 24311.80 ✅ 45.05 Points 

India VIX Closed 22.6900 ✅ 0.8725 Points.

Stocks To Watch

KIOCL: Announces share buyback worth Rs 155.92 crore. To buyback 1.42 crore shares or 2.28% of the total equity. Buyback price of Rs 110 per share is a 19.3% discount to Monday's closing price. The record date for the buyback is set at October 30. The government holds 99% stake in the company.

Textile Stocks: Bloomberg News reports that the government has extended the anti-dumping duty on polyester yarn from China and Thailand until November 30.

Zensar Tech: To divest 100% stake in PSI Holding Group to Service Express for $10 million and an additional deferred amount of $5 million based on performance. On the disposal of PSI Holding Group, the company has estimated a loss between $11-13 million. The transaction is likely to be completed by December 18. This will mark the completion of the company’s non-core business, which formed 4% of the overall revenue in Q1FY21.

MRPL: Board approves acquisition of 125 crore shares of ONGC Mangalore Petrochemicals from ONGC at Rs 9.76 per share, for a total consideration of Rs 1,217 crore. The company's stake in OMPL will now rise to 100% from 51%.

Adani Transmission: Average System Availability at 99.9% from 99.78%. Transmission network length of 14,837 ckt kilometers. Target of 20,000 ckt kilometers by 2022. Low network addition due to Covid-19 disruption. Transformation capacity unchanged at 27,280 MW. Distribution losses for Adani Electricity Mumbai at 2.94% from 8.18%, due to billing basis of actual meter reading.

ONGC: Has issued NCDs worth Rs 1,140 crore on a private placement basis.

Ramco Systems: Has secured additional orders for its flagship digital solutions (ERP platform) from Jamna Auto.

BSE: Has tied up with the Government of Telangana and Global Linker to help MSME’s raise equity funds.

Hexaware Technologies: Trading in securities shall be suspended from November 2 due to voluntary delisting, as per SEBI guidelines. Shares will be delsited on November 9.

Nifty Earnings Today: Hindustan Unilever

Non-Nifty Earnings Today: L&T Infotech, Granules India, Indian Energy Exchange, Hindustan Zinc, Kajaria Ceramics, CCL Products, Mahindra CIE, Oriental Aromatics, CRISIL. 

Fno Analysis

 F&O Cues

Nifty October futures closed at 11,897; premium of 24 points from 7 points

Nifty October futures shed 0.4% and 47,000 shares in Open Interest

Nifty Bank October futures closed at 24,321; premium of 54 points from 27 points

Nifty Bank October futures add 1% and 16,000 shares in Open Interest

Nifty Put-Call Ratio at 1.37

Enter F&O Ban: Mindtree, Nalco

Out Of F&O Ban: Adani Enterprises

Stocks In F&O Ban: BHEL, Canara Bank, Escorts, Indiabulls Housing Finance, JSPL, Mindtree, Nalco, Punjab National Bank, PVR, SAIL, Tata Motors, Vodafone Idea

Nifty Monthly Expiry: October 22

Maximum Open Interest on Call side at 12,500 strike (32.8 lakh shares)

Maximum Open Interest on Put side at 11,800 strike (23.7 lakh shares)

Active Options: 11,800 Put (15.2 lakh shares) and 12,200 Call (7.2lakh shares)

Nifty Monthly Expiry: October 29

Maximum Open Interest on Call side at 12,500 strike (24.3 lakh shares)

Maximum Open Interest on Put side at 10,500 strike (33.4 lakh shares) 

Concall

 Concall list Tuesday 20 October 2020

Time :10:00 AM 

Britannia Dial: +91 22 6280 1313

Time :11:00 AM 

Rallis Dial: +91 22 6280 1141

Time :11:00 AM 

Tata Metaliks Dial: 02262801455

Time :4:00 PM 

CCL Products Dial: +91 22 6280 1304

Time :4:00 PM  

HindZinc Dial: +91 22 6280 1340,

Time :4:00 PM 

Borosil Dial: +9122 6280 1145

Time :4:15 PM 

HUL Dial: 02262801416

Time :5:00 PM 

Granules India Dial: +91 22 6280 1222

Stocks in the news

Britannia Industries: The company reported 23 percent YoY increase in profit at Rs 498 crore against Rs 404 crore, revenue rose 12 percent to Rs 3,419 crore from Rs 3,048.84 crore YoY.

ACC: The company reported profit at Rs 363.8 crore in Q3CY20 against Rs 302.5 crore, revenue increased to Rs 3,537.3 crore from Rs 3,528.3 crore YoY.

MRPL: The company to buy 49 percent stake in ONGC Mangalore Petrochemicals from ONGC for Rs 1,220 crore.

Acrysil: Schock GMBH, Regen (Germany) sold the entire 8.47 percent stake via open market transactions on October 14.

ION Exchange (India): Sunil Singhania's Abakkus Emerging Opportunities Fund-1 name appeared in September quarter shareholding with 1.7 percent stake.

HDFC Life Insurance: The Company reported profit at Rs 327.83 crore in Q2FY21 against Rs 308.98 crore, net premium income rose to Rs 10,056.7 crore from Rs 7,456.87 crore YoY

Fno Ban Stocks 20.10.20

 Stock under F&O ban on NSE 20-Oct-20

1 BHEL

2 CANBK

3 ESCORTS

4 IBULHSGFIN

5 IDEA

6 JINDALSTEL

7 MINDTREE

8 NATIONALUM

9 PNB

10 PVR

11 SAIL

12 TATAMOTORS

Dividends & Results

 Today's Corporate Action 20th Oct Ex Date

None

Today's Board Meetings 19-Oct-20

ADVMULT General

ADVPETR-B General

ASHIKACR Quarterly Results

ASHRAM General

ASIANVE General

BOMDYEING General;Quarterly Results

CCL Interim Dividend;Quarterly Results

CRISIL Interim Dividend;Quarterly Results

CSL Quarterly Results

DCMSHRIRAM Quarterly Results

DGCONTENT Quarterly Results

FISCHER Quarterly Results

GAEL Quarterly Results

GOPALA General

GRANULES Interim Dividend;Quarterly Results

HINDUNILVR Interim Dividend;Quarterly Results

ICL Quarterly Results

IEX Quarterly Results

IFBIND Quarterly Results

JIYAECO General

JSWISPL Quarterly Results

KAJARIACER Quarterly Results

LTI Interim Dividend;Quarterly Results

MAHINDCIE Quarterly Results

MAHSCOOTER Quarterly Results

OAL Quarterly Results

PACL Quarterly Results

PCCOSMA General

RKFORGE* Quarterly Results

SAYAJIHOTL Audited Results;General

SHIVACEM Quarterly Results

SICLTD General

SIMPLXMIL Quarterly Results

SIMPLXPAP Quarterly Results

SIMPLXREA Quarterly Results

TRANSFD Quarterly Results

VISIONCO General

WEBELSOLAR Quarterly Results

YORKEXP General

Results on October 20

Hindustan Unilever, Larsen & Toubro Infotech, Bombay Dyeing & Manufacturing, CCL Products, CRISIL, Continental Securities, DCM Shriram, Digicontent, Fischer Chemic, Gujarat Ambuja Exports, Granules India, Hindustan Zinc, Indo Cotspin, Indian Energy Exchange, JSW Ispat Special Products, Kajaria Ceramics, Ashika Credit Capital, Mahindra CIE Automotive, Maharashtra Scooters, Oriental Aromatics, Punjab Alkalies & Chemicals, Ramkrishna Forgings, Sayaji Hotels, Shiva Cement, Simplex Mills Company, Simplex Papers, Simplex Realty, Transglobe Foods and Websol Energy System will announce quarterly earnings on October 20.

Some of the main moves in markets

Stocks

The S&P 500 Index slipped 1.6% at 4 p.m. in New York.

The Nasdaq 100 lost 1.8% while the Dow Jones Industrial Average fell 1.4%.

The Stoxx Europe 600 Index lost 0.3%.

The MSCI Asia Pacific Index rose 0.8%.

The MSCI Emerging Market Index rose 0.5%.

Currencies

The Bloomberg Dollar Spot Index decreased 0.1%.

The euro climbed 0.4% to $1.1769.

The British pound increased 0.2% to $1.2942.

The onshore yuan strengthened 0.2% to 6.685 per dollar.

The Japanese yen was flat at 105.42 per dollar

.

Bonds

The yield on 10-year Treasuries climbed one basis point to 0.76%.

The yield on two-year Treasuries climbed one basis point to 0.145%.

Germany’s 10-year yield gained one basis point to -0.61%.

Japan’s 10-year yield jumped less than one basis point to 0.026%.

Britain’s 10-year yield climbed two basis points to 0.201%.

Commodities

West Texas Intermediate crude fell 0.7% to $40.59 a barrel.

Brent crude dropped 1.1% to $42.43 a barrel.

Gold futures slipped 0.1% to $1,904.20 an ounce.

World Market News

 U.S. Stocks Drop With Spending-Aid Deal Elusive: Markets Wrap

U.S. stocks fell to the lowest in almost two weeks as Congress remained apart on a fresh government spending deal, denting hopes for a breakthrough before the election. Treasuries slipped with the dollar.

The S&P 500 Index fell more than 1.5% as opposition to a sizable aid package hardened in the Republican-controlled Senate and House Speaker told her caucus negotiators are still trying to reach a deal. Data showed key parts of the American economy are slowing two weeks ahead of the vote, while Federal Reserve officials warn the growth will slow without additional federal spending.

Futures on the Dow Jones are currently trading 140 points higher after House Speaker Nancy Pelosi said that differences were narrowing in the stimulus talks. The index ended 1.5% lower on Monday.

The Australian Dollar declined after comments from the RBA's assistant governor that short-term rates can fall below zero.

"The QE for life trade appears like it is not going away anytime soon, but that is not enough of reason to buy stocks now," Edward Moya, a senior market analyst at Oanda told Bloomberg.

Yield on the 10-year treasuries stood at 0.77%.

West Texas Intermediate crude fell 0.3% to $40.69 per barrel. Oil prices fell after an OPEC+ meeting made no mention of any changes to a plan to further ease output cuts from January.

Gold traded flat at $1,902.1/Oz.