NIFTY SUPPORT ON 12/10/2017

Morning report equity

       Asian stocks were near a decade high on Thursday, riding the bull run in global equity markets. The Nifty50 futures on the Singapore Stock Exchange were trading 32 points higher at 10020 indicating a flat to positive opening for the domestic market. Results today : TCS, IndusInd Bank, Bajaj Corp , Rel Ind Infra, Best Steel, Nalin Leasing, NINtec SYSTEMS, Cyient
                                                              

	Pivot	R1	R2	S1	S2
Nifty	10003	10049	10114	9938	9891
Bank Nifty	24207	24360	24613	23954	23801
Sensex	31901	32032	32230	31703	31572

                     
                                                                                                                     

                               


                            DERIVATIVE STATISTICS
                       

	Turnover(cr)	NSE &BSE(Total value)(Rs. Crore)
INDEX FUTURES	20,180.16	FII	---107.95
INDEX OPTIONS	6,89,948.90	DII	233.8
STOCK FUTURES	52,094.24
STOCK OPTIONS	36,256.57	Put Call Ratio 1.05

Market Volume (in Rs Crore)
NSE CASH	26,367.38
NSE F&O	365,726.83

Major news

 The market wiped out morning gains in last couple of hours of trade and ended lower on Wednesday as investors turned cautious ahead of September CPI inflation and August industrial output data due on Thursday. The cut in India’s growth forecast by World Bank also dampened sentiment.

 The 30-share BSE Sensex was down 90.42 points at 31,833.99, while the 50- share NSE Nifty ended below 10,000-mark, down 32.15 points at 9,984.80.

 Tata Consultancy Services, the country's largest software services provider, will announce its July-September quarter earnings on October 12 after market hours.

 Profit after tax for the quarter is expected to increase 4 percent sequentially to Rs 6,183 crore and revenue may grow 2.6 percent to Rs 30,356 crore, according to average of estimates of analysts polled by CNBC-TV18.

 Private sector lender Lakshmi Vilas Bank's second quarter earnings disappointed the Street on Wednesday as net profit fell sharply by 84 percent year-on-year to Rs 10.5 crore. It was dented by higher provisions. Even its asset quality was bad but net interest income growth was strong.