In line with past several trading days Nifty opened a gap up of 10 points at 6155. The markets however felt the nervous with the RBI monetary policy review tomorrow and the Fed policy later this week. The market is expecting a 25bps Repo rate hike and has been discounting it. The market made a low near 6100 and closed with 0.7% loss for the day. The market is expected to be volatile tomorrow. The swing however indicates a possible up side on the eve of policy. The option data indicates the upside to be limited after which the market may resume its down move.
The
support for nifty is at 6045-5985-5900 and the resistance lies at 6133-6167-6208.
Nifty October Future has been trading at 4-5 points premium to the spot. The
implied volatility on the Nifty October Options of ATM strike calls were at 22.93 and for puts were at 23.60. India VIX closed at 21.29. PCR for Nifty
based on open interest was at 1.35 and PCR for the day based on volumes was at 0.99 for the market.
Cash
Market:
FII 2328.97 - 1692.19 = 636.78 Cr.
DII 458.04 - 1360.72 = (902.68) Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 3828.63 | 3717.46 | 111.17 |
| INDEX OPTIONS | 16259.30 | 16943.86 | -684.56 |
| STOCK FUTURES | 7595.69 | 8046.96 | -451.27 |
| STOCK OPTIONS | 1104.66 | 1137.03 | -32.37 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 29-Oct-13 | Infotech Enterprises Limited | Interim Dividend - Rs 2/- Per Share |
| 29-Oct-13 | R. S. Software (India) Limited | Interim Dividend - Rs 2.50/- Per Share |
| 29-Oct-13 | Gateway Distriparks Limited | Interim Dividend Rs.4/- Per Share (Purpose Revised) |
Stocks
In News:**
Maruti Suzuki India Ltd: India's largest carmaker, beat estimates with a 195% rise in quarterly net profit pushed by strong export earning that swelled due to a favourable currency exchange rate.
Reliance Industries Ltd: Oil Minister M Veerappa Moily has approved taking away five gas discoveries from Reliance Industries in the KG-D6 block over the company's failure to meet timelines but has allowed it to retain three other finds.
NTPC: According to ET Now poll, its net profit is seen falling to Rs 2,350 crore, down 25.3 per cent, as compared to a net profit of Rs 3,143 crore in the corresponding quarter last fiscal.
Jindal Stainless Ltd: Hit hard by the rise in finance costs and rupee depreciation, Jindal Stainless' (JSL) net loss has widened to Rs 412 crore during the second quarter ended September 30, 2013.
CEAT Ltd: The tyre maker Ceat posted over 20-fold fold rise in consolidated net profit at Rs 76.55 crore for the second quarter ended September 30, 2013-14, due to softening of the raw material costs and enhanced demand from the passenger segments.
Sundaram Finance Ltd: The company reported 10.8 per cent jump in net profit at Rs 123 crore for the second quarter ended September 30, 2013.
NHPC Ltd: The state-owned company said November 8 has been set as the record date for determining eligible shareholders for the proposed buyback of shares worth over Rs 2,367 crore.
Apollo Hospitals Ltd: Healthcare major Apollo Hospitals said it has entered into a partnership with American private equity fund Kohlberg Kravis Roberts (KKR) to raise Rs 550 crore to repay promoters' debt and build more hospitals.
Omaxe Ltd: Promoters of realty firm Omaxe will sell tomorrow over 1.1 crore shares through stock exchange at Rs 130 apiece in order to meet market regulator Sebi's norms on minimum public shareholding.
DCM Shriram: DCM Shriram Consolidated Ltd (DSCL) today reported 95 per cent decline in its consolidated net profit at Rs 1.4 crore during the second quarter of this fiscal mainly due to losses suffered in sugar business.
Oil & Gas stocks: Petrol is likely to be cheaper by Rs 1.50 per litre just before Diwali, as favourable changes in the rupee-dollar rate and softer international prices have set the tone for a second cut in fuel rates in a month.
Tata Power Ltd: Augmenting its renewable energy portfolio, Tata Power is developing wind projects having total generation capacity of over 160 MW in the country.
Tata Steel, JSPL and JSW Steel: Tata Steel, Essar Steel, JSPL, JSW Steel and Swiss firm Glencore are some of the companies that have been shortlisted for final bidding for Stemcor's assets which have enterprise value of $800 million.
Reliance Industries Ltd: Oil Minister M Veerappa Moily has approved taking away five gas discoveries from Reliance Industries in the KG-D6 block over the company's failure to meet timelines but has allowed it to retain three other finds.
NTPC: According to ET Now poll, its net profit is seen falling to Rs 2,350 crore, down 25.3 per cent, as compared to a net profit of Rs 3,143 crore in the corresponding quarter last fiscal.
Jindal Stainless Ltd: Hit hard by the rise in finance costs and rupee depreciation, Jindal Stainless' (JSL) net loss has widened to Rs 412 crore during the second quarter ended September 30, 2013.
CEAT Ltd: The tyre maker Ceat posted over 20-fold fold rise in consolidated net profit at Rs 76.55 crore for the second quarter ended September 30, 2013-14, due to softening of the raw material costs and enhanced demand from the passenger segments.
Sundaram Finance Ltd: The company reported 10.8 per cent jump in net profit at Rs 123 crore for the second quarter ended September 30, 2013.
NHPC Ltd: The state-owned company said November 8 has been set as the record date for determining eligible shareholders for the proposed buyback of shares worth over Rs 2,367 crore.
Apollo Hospitals Ltd: Healthcare major Apollo Hospitals said it has entered into a partnership with American private equity fund Kohlberg Kravis Roberts (KKR) to raise Rs 550 crore to repay promoters' debt and build more hospitals.
Omaxe Ltd: Promoters of realty firm Omaxe will sell tomorrow over 1.1 crore shares through stock exchange at Rs 130 apiece in order to meet market regulator Sebi's norms on minimum public shareholding.
DCM Shriram: DCM Shriram Consolidated Ltd (DSCL) today reported 95 per cent decline in its consolidated net profit at Rs 1.4 crore during the second quarter of this fiscal mainly due to losses suffered in sugar business.
Oil & Gas stocks: Petrol is likely to be cheaper by Rs 1.50 per litre just before Diwali, as favourable changes in the rupee-dollar rate and softer international prices have set the tone for a second cut in fuel rates in a month.
Tata Power Ltd: Augmenting its renewable energy portfolio, Tata Power is developing wind projects having total generation capacity of over 160 MW in the country.
Tata Steel, JSPL and JSW Steel: Tata Steel, Essar Steel, JSPL, JSW Steel and Swiss firm Glencore are some of the companies that have been shortlisted for final bidding for Stemcor's assets which have enterprise value of $800 million.
Stocks in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
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