03-NOV-2020

Domestic Indices Market wrap up Domestic indices Key benchmark indices ended with small gains after a roller- index Close Prv close %Chg coaster session on Monday. Strength in HDFC and private banks NIFTY 50 11,669.2 11,642.4 0.23 NIFTY SMALLCAP 50 2850.9 2888.8 -1.31 made up for the losses incurred by index major Reliance NIFTY MIDCAP 50 4,716.9 4,666.1 1.09 Industries (RIL).As per provisional closing data, the barometer NIFTY SMALLCAP 250 4912.75 4976.7 -1.28 index, the S&P BSE Sensex, gained 143.51 points or 0.36% at NIFTY BANK 24,892.5 23,900.9 4.15 39,757.58. The Nifty 50 index added 10.60 points or 0.09% at NIFTY NEXT 50 27445 27348.45 0.35 NIFTY METAL 2,338.9 2,343.6 -0.20 11,653.The trading was steeply volatile as investors braced INDIA VIX 25.21 24.75 1.84 themselves for the U.S. presidential election on Tuesday. The Global indices broader market was mixed. The S&P BSE Mid-Cap index rose 0.36% while the S&P BSE Small-Cap index lost 0.71%. index Close Prv close %Chg Global Market NASDAQ 11,431.4 11,358.2 0.64% The Dow and S&P closed higher on Monday with the Nasdaq DOW 27,463.2 27,682.9 -0.80% CAC 40 4,611.9 4,727.7 -2.51% posting slimmer gains on the eve of the U.S. presidential DAX 11,721.6 12,054.5 -2.84% election, as investors girded for what could be big market swings NIKKEI 23,418.5 23,486.4 -0.29% this week. The Dow Jones Industrial Average rose 423.45 points, HANG SENG 24,708.8 24,787.9 -0.32% or 1.6%, to 26,925.05, the S&P 500 gained 40.28 points, or NYSE 2,002.1 2,000.5 0.08% FTSE 5,646.2 5,728.1 -1.45% 1.23%, to 3,310.24 and the Nasdaq Composite added 46.02 points, or 0.42%, to 10,957.61. Asian shares looked set to climb As on 8.00 IST NiftyMarket Watch Snapshot on Tuesday as investors shrugged off U.S. election jitters and took hope in strong factory output data in China

Market preview

Trends on SGX Nifty indicate a positive opening for the index in India with a 82 points gain. All eyes are on the outcome of US presidential election and market is likely to be volatile. Stock specific moves are also on the cards as the results season going on .Key support levels for the Nifty is placed at 11,575/11,482.key resistance levels to watch out for are 11,744.13 and 11,819.07. Bank Nifty has got Support at 23580/265 and resistance at 24250/24295

Nifty Spot intraday 5 Min

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Corporate HDFC Q2 standalone profit falls 28% YoY, but beats market estimates HDFC on November 2 posted a 27.55 percent year-on-year (YoY) fall in Q2 FY21 standalone net profit at Rs 2,870.12 crore against Rs 3,961.53 crore in the corresponding quarter a year ago.The number, however, beat market estimated as a CNBC-TV18 poll had estimated the number to the tune of Rs 2,346.3 crore. The company's total standalone revenue from operations for the said quarter came at Rs 11,727.96 crore against Rs 13,487.44 crore in the year-ago period.

Grasim spurts after parterning with Lubrizol The special type of polymer material that is widely used in hot and cold water pipes, will be manufactured at Chlor-alkali unit of Grasim located at Vilayat to take advantage of captive chlorine integration.Construction of the near 100,000 metric ton plant will take place in a phased manner, and once commissioned, this would be the single largest site capacity for CPVC resin production globally. The initial production is expected in late 2022, the Birla Group company added.

Domestic

India's October factory growth at decade high India’s factory activity expanded at its fastest pace in over a decade in October as demand and output continued to recover strongly from coronavirus-related disruptions, but firms cut more jobs, a private survey showed. The Nikkei Manufacturing Purchasing Managers’ Index compiled by IHS Markit, rose to 58.9 in October from September’s 56.8. The reading was the highest since May 2010 and above the 50-level separating growth from contraction for the third straight month.

International COMMODITY

Oil prices slumped more than 4% on Monday to the lowest levels since May on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the U.S. Presidential election week. Brent crude for January was at $36.32 a barrel, down $1.62, or 4.3%, by 0018 GMT, while U.S. West Texas Intermediate fell $1.62, or 4.5%, to $34.17 a barrel. Brent earlier hit a low of $35.74 a barrel while WTI slipped to $33.64 a barrel.

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Stock to watch Actions watch . Just Dial: The company consolidated Q2 net profit fell 38.5 percent SPLIT YoY at Rs 47.34 crore versus Rs 76.94 crore and revenue was down 30.9 Company Ratio Ex.date percent at Rs 167.53 crore versus Rs 242.57 crore. SDBL 1:2 15-OCT . : Arms to buy up to 19 percent stake in Max Life versus 17 percent earlier.

. Escorts: CRISIL reaffirmed rating of short and long term bank facilities, Major Dividends while revised its outlook to positive from stable Company Div/Share Ex.date CRISIL Rs.7.00 02-NOV . Aarti Industries: CRISIL upgraded the long-term rating to CRISIL KKCL Rs.15.00 03-NOV AA/stable from CRISIL AA-/positive CROMPTON Rs 3.00 03-NOV . UPL: Q2 net profit at Rs 537 crore versus Rs 202 crore and revenue up 14.4 percent at Rs 8,939 crore versus Rs 7,817 crore. . DLF: Q2 consolidated net profit down 48 percent YoY at Rs 232 crore DERIVATIVES IN BAN PERIOD versus Rs 446 crore and revenue was down 6.2 percent at Rs 1,610 crore versus Rs 1,716 crore . Jindal Stainless: Q2 consolidated net profit at Rs 81.7 crore versus Rs 37.8 crore and revenue up at Rs 3,314.1 crore versus Rs 3,291 crore . IndusInd Bank: Q2FY21 consolidated net profit stood at Rs 663.1 cr, up from Rs 510.39 crore QoQ and down from Rs 1,400.96 crore YoY. RESULTS TODAY . Rain Industries: Q2 net profit was up 17.1 percent YoY at Rs 118 crore ADANIPORT AJANTHPHARM versus Rs 100.8 crore and revenue was down 14.2 percent at Rs 2,556 ALEMBIC LTD BLS crore against Rs 2,992 crore DCW DEEPAKFERT GSFC . : The company has executed agreements with GEOJITH Lubrizol Manufacturing India Private for production of CPVC resin

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

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