Nifty Daily For 31st october 2013

Nifty Remained sideways after the 120 points rally on tuesday. The markets made new 35 month high of 6269 and held the psychological level of 6250. The markets in good on the back of diwali are poised to make new high around 6295-6330 levels. The FED once gain refused to start tapering its bond buying programme. This is big positive for EMs.

The support for nifty is at 6230-6150-6100 and the resistance lies at 6270-6330. Nifty November Future has been trading at 49-50 points premium to the spot. The implied volatility on the Nifty November Options of ATM strike calls were at 18.55 and for puts were at 20.5. India VIX closed at 19.53. PCR for Nifty based on open interest was at 1.72 and PCR for the day based on volumes was at 1.22 for the market.

Cash Market:

FII                  2910.2 - 1893.43 = 1016.77 Cr.

DII                  907.29 - 1457.89 = (550.6) Cr.

FII Derivatives Market:

In Cr.	Buy	Sell	Net
INDEX FUTURES	4948.95	4754.13	194.82
INDEX OPTIONS	24328.49	23797.82	530.67
STOCK FUTURES	9740.28	9856.11	-115.83
STOCK OPTIONS	980.57	974.76	5.80

Corporate Action:

Ex-Date	Company	Purpose
31-Oct-13	Motilal Oswal Financial Services Limited	Interim Dividend Re 1 Per Share (Purpose Revised)
31-Oct-13	K.P.R. Mill Limited	Interim Dividend Rs.4/- Per Share
31-Oct-13	Gujarat Ambuja Exports Limited	Interim Dividend Re.0.70 Per Share (Purpose Revised)
31-Oct-13	Sundaram Clayton Limited	Interim Dividend Rs.9/- Per Share (Purpose Revised)
31-Oct-13	Indiabulls Securities Limited	Interim Dividend Re 1/- Per Share
31-Oct-13	Hindustan Unilever Limited	Interim Dividend Rs.5.50 Per Share (Purpose Revised)
31-Oct-13	GATI Limited	Annual General Meeting / Final Dividend - Re 0.60/- Per Share
31-Oct-13	IPCA Laboratories Limited	Interim Dividend Rs.2.50 Per Share (Purpose Revised)
31-Oct-13	Gillette India Limited	Annual General Meeting / Dividend - Rs 15/- Per Share
31-Oct-13	IFCI Limited	Annual General Meeting/Dividend Re 1/- Per Share
31-Oct-13	Indiabulls Housing Finance Limited	2nd Interim Dividend Rs.7/- Per Share
31-Oct-13	Indiabulls Real Estate Limited	Interim Dividend - Re.1/- Per Share
31-Oct-13	Foseco India Limited	Interim Dividend- Rs 4.50/- Per Share

Stocks In News:**

 Infosys Ltd: Infosys said it agreed to pay $34 million to settled investigations by various United States government departments into its alleged misuse of visas in that country.

SBI: The board of State Bank of India ( SBI) approved an infusion of Rs. 2,000 crore from the government to raise its capital base. The funds will be infused by allotting preferential equity shares to the government, India's largest bank said in a filing to the BSE.

EIH Ltd: Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, reported a net profit of Rs 7.03 crore for the quarter ended September 30, 2013 on the back of improved sales and profit on sale of a part of shareholding in Mercury Car Rentals.

Novartis India Ltd: Drug firm reported 15.78 per cent rise in net profit to Rs 45.55 crore for the quarter ended September 30, on the back of a favourable ruling in a dispute that resulted in higher tax credit.

Torrent Pharmaceuticals Ltd: The company posted 4.62 per cent increase in consolidated net profit at Rs 113 crore for the second quarter ended September 30, 2013.

Trent Ltd: The Tata group firm reported 73.52 per cent jump in standalone net profit at Rs 15.6 crore for the second quarter ended September 30 on account of better sales.

Adani Enterprises Ltd: The company is expected to report 30 per cent YoY drop in the adjusted net profit to Rs 132 crore as compared to Rs 190 cr reported in the year-ago period, according to an ET Now Poll.

Puravankara Projects: The realty firm reported 8 per cent fall in consolidated net profit at Rs 46 crore for second quarter of this fiscal. It posted a net profit of Rs 50.2 crore in the year-ago period, Bangalore-based firm said in a statement.

TTML: Tata Teleservices (Maharashtra) Ltd narrowed the loss to Rs 165.23 crore during the second quarter ended September, 2013-14. It had posted a loss of Rs 183.71 crore for the July- September quarter of the previous fiscal, 2012-13.

LIC Housing Finance Ltd: The company reported 28 per cent rise in net profit at Rs 310.07 crore for the second quarter ended September 30, driven by an equal quantum of increase in interest income and better margin.

Oberoi Realty Ltd: The realty firm reported 48 per cent dip in consolidated net profit at Rs 64.14 crore for the July-September quarter of 2013-14 fiscal on lower sales.

Stocks in Ban Period:

NIL

Source:**economictimes.com , nseindia.com