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.