Today Market Prediction

FRIDAY 

30-OCT-2020

 

 Holding 11605 is the key for further up side

FLAT  to NEGATIVE  MARKET

 

Today’s Market Prediction:

  • Indian stock market Would open FLAT
  • Technically, Indian stock matket is Still in positive zone
  • Nifty index formed formed a small bullish candle which resembles an inverted hammer kind of pattern on the daily charts.
  • India VIX up by 3.57 percent at 23.28 level.
  • Oil extends losses with 4% slump
  • Eight core industries' output contracts 0.8% in September
  • India's fiscal deficit at 114.8% of annual target at September-end
  • Govt likely to extend Air India bid deadline to December 14
  • RBI cancels certificate of registration of seven NBFCs
  • Hindustan Copper | Board approved raising up to Rs 2,500 crore via debt.
  • Aurobindo Pharma | Company gets US FDA nod for Cisatracurium Besylate used to maintain neuromuscular relaxation during major surgical procedures.
  • Wipro | Company and IBM strengthened relationship; announced expansion of IBM Hybrid Cloud Practice

Stocks in the NEWS

  • Vodafone Idea | The company reported consolidated loss at Rs 7,218.2 crore in Q2FY21 against loss of Rs 25,460 crore. Revenue rose to Rs 10,791.2 crore from Rs 10,659.3 crore QoQ.
  • Canara Bank | Bank reported higher profit at Rs 444.1 crore in Q2FY21 against Rs 364.9 crore, net interest income jumped to Rs 6,296 crore from Rs 3,129 crore YoY.
  • Welspun Corp | The company reported lower consolidated profit at Rs 153.8 crore in Q2FY21 compared to Rs 161.1 crore, revenue fell to Rs 1,157.66 crore from Rs 2,262.95 crore YoY. 
  • InterGlobe Aviation | The company reported loss at Rs 1,194.8 crore in Q2FY21 against loss of Rs 1,062 crore, revenue dropped to Rs 2,740.9 crore from Rs 8,105 crore YoY.
  • Mangalore Refinery & Petrochemicals | The company approved funds raising of up to Rs 5,000 crore through issue of NCDs.
  • Security and Intelligence Services (India) | The company reported higher consolidated profit at Rs 108.1 crore in Q2FY21 against Rs 76.2 crore, revenue rose to Rs 2,157.9 crore from Rs 2,088.8 crore YoY.
  • Indian Energy Exchange | Company signed an agreement with MCX India giving exclusive rights to the MCX to use the IEX's electricity clearing prices for settlement of their derivative electricity contracts.
  • BlueDart Express | Company reported higher profit at Rs 42.33 crore in Q2FY21 against Rs 14.64 crore, revenue increased to Rs 866.57 crore from Rs 802.17 crore YoY.
  • Bajaj Healthcare | Company reported profit at Rs 20.1 crore in Q2FY21 against Rs 3.23 crore, revenue jumped to Rs 206.6 crore from Rs 100.5 crore YoY.
  • Orient Cement | Company reported profit at Rs 34.8 crore in Q2FY21 against loss Rs 7.7 crore, revenue fell to Rs 477.5 crore from Rs 515 crore YoY. 
  • Surya Roshni | Company reported consolidated profit at Rs 41.92 crore in Q2FY21 against Rs 22.48 crore, revenue rose to Rs 1,374 crore from Rs 1,322.5 crore YoY.

Market lndication:

Global: FLAT to NEGATIVE

NIFTY:  FLAT to NEGATIVE

BANKNIFTY:  FLAT to NEGATIVE

BULK Deals: Angel Broking Limited

Stocks In F&O Ban Period:   Nil

Results Today: 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

 

SGX NIFTY (Negative)

11636.00     -29.00    -0.25%

 

FII-DII: FIIs were net sellers of Rs.420.95 crores whereas DIIs were net sellers of Rs.253.41 crores in cash market for last trading session.

NIFTY (11670): The support for the Nifty is: 11603-11536-11480 and the resistance to the up move is at: 11741-11811-11880 levels.

BANKNIFTY (24092): The support for BankNifty is: 23829-23567-23335 and the resistance to the up move is at 24346-24601-24855 levels.

 


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Disclaimer: Investment in equity shares has its own risks. This material is for educational information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise.