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)