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.