Nifty opened a meager gap down 12 points and bounced back sharply to make a new high 6220. But once new high was made there was no follow through. Even the future failed to take down the 6240 resistance. The PSU banks has been the silver lining holding the market in place along with technology stocks. The market should break this tight range tomorrow and provide the much needed break from this tight range. The way most of the market action was focused and the last half an hour rally, I expect a positive breakout. The two candles of indecision looks like consolidation rather than reversal, as no fallow through of dragonfly doji was seen in the form of a black body candle.
The
support for nifty is at 6156-6128-6095 and the resistance lies at 6253-6295-6340.
Nifty October Future has been trading at 19-20 points premium to the spot. The
implied volatility on the Nifty October Options of ATM strike calls were at
18.52 and for puts were at 17.41. India VIX closed at 19.96. PCR for Nifty
based on open interest was at 1.57 and PCR for the day based on volumes was at
1.12 for the market.
Cash
Market:
FII 2548.94 - 1754.04 = 794.9 Cr.
DII 639.48 - 1484.78 = (845.3) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1827.23 | 1717.63 | 109.60 |
| INDEX OPTIONS | 14076.89 | 14776.05 | -699.17 |
| STOCK FUTURES | 1941.23 | 2234.32 | -293.09 |
| STOCK OPTIONS | 1075.08 | 1073.67 | 1.42 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 23-Oct-13 | Man Industries (India) Limited | Annual General Meeting / Dividend - Rs 2/- Per Share |
Stocks
In News:**
Wipro Ltd: India's third-largest software exporter on Tuesday reported a Profit After Tax (PAT) of Rs 1932.1 crore for the second quarter of the financial year versus Rs 1623 crore, up 19% quarter-on-quarter. This is above an ET Now Poll estimate of Rs 1850 crore.
Cairn India Ltd: Cairn India reported a net profit of Rs 3,380 crore for quarter ended September 2013 as compared to a net profit of Rs 2,320 crore in the corresponding quarter last fiscal. The PAT was above ET Now poll estimates of Rs 3,250 crore.
ING Vysya Bank Ltd: Private sector lender today reported an over 17 per cent rise in net profit at Rs 176.30 crore for the second quarter ended September 30.
Indiabulls Real Estate Ltd: The consolidated net profit of Mumbai based for July-September quarter rose 2.5 times year-on-year to Rs 81.2 crore on strong sales.
Lupin Ltd: Drug major said it has received US health regulator's approval to market additional strengths of Antara capsules, a cholesterol lowering drug, in the American market.
Jyothy Laboratories Ltd: FMCG firm reported over fifteen-fold increase in its net profit at Rs 20.87 crore for the second quarter ended September 30, mainly on the back of robust sales in soap and detergent segment.
Tata Power Ltd: Tata Power may sell some investments and raise equity to help reduce debt, a top executive said on Tuesday, as expensive imported coal, below-cost power tariffs and a weak rupee weigh on its earnings.
SAIL: Having awarded six iron ore mines to SAIL, the Odisha government has asked the steel maker for raising the capacity of Rourkela Steel Plant (RSP) to 10 mtpa by March, 2017 before considering more mines for the PSU.
ONGC: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, pulled out of an auction of $ 184 billion oilfield in Brazil after it could not stitch an alliance to bid for the giant project.
Hero MotoCorp Ltd: The two-wheeler major is expected to report a net profit of Rs 460 crore, up 4.5 per cent YoY for the second quarter of the fiscal year 2014, as compared to Rs 440.60 crore reported in the year-ago period, according to analysts polled by ET Now.
Wockhardt: Britain's drug regulator revoked the quality compliance certificate for a Wockhardt Ltd factory in India, the drugmaker said on Tuesday, the third of its plants to be hit by export restrictions this year.
Welspun Corp Ltd: The company said it has received approvals from shareholders and creditors to demerge "other business" into Welspun Enterprises Ltd (WEL).
Gujarat Pipavav Port: The company reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30.
KPIT Technologies Ltd: IT solutions and services company posted nearly 45 per cent jump in consolidated net profit to Rs 66.7 crore for the July- September on higher currency realisation and new contracts.
Coromandel International Limited: A maker of fertilisers and pesticides, said its consolidated net profit for the quarter ended September 30 fell 32.5 per cent to Rs 160 crore. The net profit for the Murugappa Group firm in the same period last fiscal stood at Rs 237 crore.
Polaris Financial Technology Ltd: The company has reported a marginal increase in net profit at Rs 59.81 crore for the second quarter ending September 30, 2013. The city-based company, in a statement, said the profit after tax grew by 8.48 per cent to Rs 59.81 crore for the second quarter ending September 30, 2013 from Rs 55.13 crore registered during the same period of previous year.
Cairn India Ltd: Cairn India reported a net profit of Rs 3,380 crore for quarter ended September 2013 as compared to a net profit of Rs 2,320 crore in the corresponding quarter last fiscal. The PAT was above ET Now poll estimates of Rs 3,250 crore.
ING Vysya Bank Ltd: Private sector lender today reported an over 17 per cent rise in net profit at Rs 176.30 crore for the second quarter ended September 30.
Indiabulls Real Estate Ltd: The consolidated net profit of Mumbai based for July-September quarter rose 2.5 times year-on-year to Rs 81.2 crore on strong sales.
Lupin Ltd: Drug major said it has received US health regulator's approval to market additional strengths of Antara capsules, a cholesterol lowering drug, in the American market.
Jyothy Laboratories Ltd: FMCG firm reported over fifteen-fold increase in its net profit at Rs 20.87 crore for the second quarter ended September 30, mainly on the back of robust sales in soap and detergent segment.
Tata Power Ltd: Tata Power may sell some investments and raise equity to help reduce debt, a top executive said on Tuesday, as expensive imported coal, below-cost power tariffs and a weak rupee weigh on its earnings.
SAIL: Having awarded six iron ore mines to SAIL, the Odisha government has asked the steel maker for raising the capacity of Rourkela Steel Plant (RSP) to 10 mtpa by March, 2017 before considering more mines for the PSU.
ONGC: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, pulled out of an auction of $ 184 billion oilfield in Brazil after it could not stitch an alliance to bid for the giant project.
Hero MotoCorp Ltd: The two-wheeler major is expected to report a net profit of Rs 460 crore, up 4.5 per cent YoY for the second quarter of the fiscal year 2014, as compared to Rs 440.60 crore reported in the year-ago period, according to analysts polled by ET Now.
Wockhardt: Britain's drug regulator revoked the quality compliance certificate for a Wockhardt Ltd factory in India, the drugmaker said on Tuesday, the third of its plants to be hit by export restrictions this year.
Welspun Corp Ltd: The company said it has received approvals from shareholders and creditors to demerge "other business" into Welspun Enterprises Ltd (WEL).
Gujarat Pipavav Port: The company reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30.
KPIT Technologies Ltd: IT solutions and services company posted nearly 45 per cent jump in consolidated net profit to Rs 66.7 crore for the July- September on higher currency realisation and new contracts.
Coromandel International Limited: A maker of fertilisers and pesticides, said its consolidated net profit for the quarter ended September 30 fell 32.5 per cent to Rs 160 crore. The net profit for the Murugappa Group firm in the same period last fiscal stood at Rs 237 crore.
Polaris Financial Technology Ltd: The company has reported a marginal increase in net profit at Rs 59.81 crore for the second quarter ending September 30, 2013. The city-based company, in a statement, said the profit after tax grew by 8.48 per cent to Rs 59.81 crore for the second quarter ending September 30, 2013 from Rs 55.13 crore registered during the same period of previous year.
Stocks
in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
No comments:
Post a Comment