NIFTY SUPPORT ON 13/10/2017

Morning report equity

       The Nifty50 futures on the Singapore Stock Exchange were trading 20 points lower at 10106 indicating a flat to negative opening for the domestic market.Reliance Industries is set to declare its Q2 results ending September on Friday.As many as thirteen companies will be declaring their results for the quarter ended September later on Friday which include names like GNA Axles, Kirloskar Oil Engines, Karnataka Bank, MCX India, Reliance Industries and Reliance Naval & Engineering
                                                              

	Pivot	R1	R2	S1	S2
Nifty	10059	10142	10187	10014	9932
Bank Nifty	24244	24510	24659	24095	23801
Sensex	31901	32032	32230	31703	31572

                     
                                                                                                                     

                               




             

                     


                             DERIVATIVE STATISTICS
                       

	Turnover(cr)	NSE &BSE(Total value)(Rs. Crore)
INDEX FUTURES	17,896.40	FII	-668.13
INDEX OPTIONS	10,30,607.63	DII	872.54
STOCK FUTURES	44,574.46
STOCK OPTIONS	35,090.29	Put Call Ratio 0.88

Market Volume (in Rs Crore)
NSE CASH	31,333.98
NSE F&O	798,479.86

Major news

 It was a spectacular rally in late trade Thursday as the Sensex surged 375 points and the Nifty reclaimed 10,100 level intraday, backed by Reliance Industries, private banks, FMCG and metals stocks. The broader markets also participated in the rally, rising for the second consecutive session.

 Bharti Infratel continued its run, up 5.2 percent (on top of 2.6 percent upside in previous session). On Wednesday, a media report indicated that KKR-led consortium of funds are looking to buy Bharti Infratel and Indus Towers for USD 11 billion.

 Bharti Airtel slipped 0.8 percent on profit booking. The stock was up 5 percent in previous session. The company, today after market hours, announced that Tata Teleservices and Tata Teleservices Maharashtra will combine their consumer mobile businesses with the company. With this, 40 million customers of Tatas will join Airtel.

 Sun Pharma was up 2.6 percent on receiving establishment inspection report from USFDA for Dadra Facility.

 IndusInd Bank was up 1.5 percent after Q2 numbers matched analysts' expectations and stable asset quality. Slippages were lower compared with previous quarter