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Market Preview Domestic Indices Market Snapshot Global Indices 29-OCT-2020 Domestic Indices Market wrap up Domestic indices Domestic shares slumped on Wednesday on weak global cues index Close Prv close %Chg NIFTY 50 11,729.6 11,889.4 -1.34 as coronavirus infections grew at an alarming pace in the United NIFTY SMALLCAP 50 2929.6 2957.85 -0.96 States and Europe. Uncertainty over next week's U.S. NIFTY MIDCAP 50 4,648.8 4,713.2 -1.37 Presidential elections also worried investors.. BSE Sensex fell NIFTY SMALLCAP 250 5017.1 5058.85 -0.83 599.64 points or 1.48% to close at 39,922.46, and the Nifty50 NIFTY BANK 24,232.5 24,769.5 -2.17 NIFTY NEXT 50 27236.2 27462.15 -0.82 dropped 159.80 points or 1.34% to 11,729.60 .Banking & NIFTY METAL 2,325.4 2,359.6 -1.45 financials were leaders in fall with more than 2% fall. IndusInd INDIA VIX 23.28 22.2 4.88 Bank, Federal Bank, ICICI Bank, Kotak Mahindra Bank, SBI, Global indices HDFC Bank, Bandhan Bank Bank and Bank of Baroda were down 2-3%. IT, Pharma and Metal indices were down 1-1.5 % index Close Prv close %Chg Global Market NASDAQ 11,431.4 11,358.2 0.64% U.S. stocks tumbled on Wednesday, with the Dow closing at lows DOW 27,463.2 27,682.9 -0.80% last seen in late July, as coronavirus cases soared globally and CAC 40 4,611.9 4,727.7 -2.51% DAX 11,721.6 12,054.5 -2.84% investors worried about the possibility of a contested U.S. NIKKEI 23,418.5 23,486.4 -0.29% presidential election next week.The Dow Jones Industrial HANG SENG 24,708.8 24,787.9 -0.32% Average fell 943.24 points, or 3.43%, to 26,519.95, the S&P 500 NYSE 2,002.1 2,000.5 0.08% lost 119.65 points, or 3.53%, to 3,271.03 and the Nasdaq FTSE 5,646.2 5,728.1 -1.45% Composite dropped 426.48 points, or 3.73%, to 11,004.87. Asian As on 8.00 IST stocks set to join a global sell-off on October 29 as worries about NiftyMarket Watch Snapshot surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets. Market preview Trends on SGX Nifty indicate a weak opening for Indian stocks today. Trading could be volatile as traders roll over positions in the F&O segment from the near month October series to November series. The October 2020 F&O contracts expire today. Key support levels for the Nifty is placed at 11,630/ 11,536.Key resistance levels to watch out for are 11880/12025 Nifty Spot intraday 5 Min -1 News corner Corporate Titan Q2 numbers, meets expectations of the street Titan Company,reported standalone net profit at Rs 199 crore for Q2FY21 against a loss of Rs 270 crore quarter-on-quarter (QoQ) and a profit of Rs 320 crore year-on-year. The numbers are broadly in line with market expectations as a CNBC-TV18 poll had estimated the number to the tune of Rs 200 crore.The company's standalone revenue came at Rs 4,318 crore against Rs 1,862 crore QoQ and Rs 4,435 crore YoY. Marico gains after decent Q2 performance The company said that the revenue growth was accompanied by a robust underlying domestic volume growth of 11% and constant currency growth of 7% in the international business. Profit before tax in Q2 September 2020 stood at Rs 342 crore, up by 0.3% from Rs 341 crore reported in Q2 September 2019. Total tax expense declined by 21.6% to Rs 69 crore in Q2 September 2020 over Q2 September 2019. Domestic Financial conditions recover significantly after hitting the abyss in April: CRISIL Financial conditions in India have witnessed a speedy recovery from the COVID-19 pandemic-led harrowing abyss courtesy the Reserve Bank’s interventions, domestic credit rating agency CRISIL said on Wednesday. It said the central bank’s measures have helped mitigate the large and broad-based economic damage caused by the pandemic. However, it made it clear that pockets of stress still remain, pointing to the weak bank credit growth, wider spreads on lower-rated corporate bonds, and fundamental pressures due to high government borrowing. International COMMODITY Oil prices fell more than 5% on Wednesday, sending Brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns and fed expectations for new declines in fuel demand. Brent futures fell $2.08, or 5.1%, to settle at $39.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $2.18, or 5.5%, to $37.39. -2- Stock to watch Actions watch . Tata Coffee: Company reported higher profit at Rs 42 crore in Q2FY21 against Rs 40.1 crore, revenue rose to Rs 543.4 crore from Rs 481.2 SPLIT crore YoY. Company Ratio Ex.date SDBL 1:2 15-OCT . Schaeffler India: Company reported higher profit at Rs 113.5 crore in Q2FY21 compared to Rs 94.4 crore, revenue increased to Rs 1,121 crore from Rs 1,035.2 crore YoY Major Dividends . RBL Bank: Company reported sharply higher profit at Rs 144.2 crore in Company Div/Share Ex.date Q2FY21 against Rs 54.3 crore, net interest income rose to Rs 932.1 CRISIL Rs.7.00 02-NOV KKCL Rs.15.00 03-NOV crore from Rs 868.7 crore YoY. The private sector lender said that the CROMPTON Rs 3.00 03-NOV Reserve Bank of India has granted its approval to Maple Group to acquire up to a 9.99 percent stake in the bank. HUDCO: Company sanctioned loans of Rs 2,628 crore and disbursed loans of Rs 3,412 crore during September 2020 DERIVATIVES IN BAN PERIOD BHEL CANBK . Ajanta Pharma: Company will consider share buyback proposal on ADANIENT ESCORTS November 3 IBULHSGFIN . Cipla: Cipla launched ELIFast (IgG ELISA test) for COVID-19 antibody IDEA JINDALSTEL TATA MOTORS PNB detection PVR SAIL . SBI: Bank signed a loan agreement of $1 billion with Japan Bank and RESULTS TODAY other lenders for international cooperation ARVIND ASTEC . Larsen & Toubro: Company reported higher profit at Rs 5,520.3 crore BANKBARODA BPCL in Q2FY21 against Rs 2,527.3 crore, revenue fell to Rs 31,034.7 crore CANBK CHOLAFIN from Rs 35,328.5 crore YoY GDL HAVELLS MARUTI MASTEK Data Alert Thought of the day Overseas . US Producer Price Index “Wide diversification is only required when investors do not understand what they are doing.” Domestic Warren Buffett . NA -3- Previous Tracker Disclaimer -5- .
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