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.