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)