Monday 23 October 2017

Nifty support on 23/10/2017

Morning report equity:
       Weak global cues and muted earnings past week led to a sharp selloff on D-Street. US stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains. The Nifty futures on the Singaporean stock exchange were trading higher by around 34.50 points at 10202, a rise of around 0.34 percent.
                                                              

Pivot      

R1        

R2           

S1      

S2 

 Nifty          

10186


10197

10247

10136

10126

Bank Nifty

24063

24202

24395

23871

23731

                          



   
 Turnover(cr) 
 NSE &BSE(Total value)
(Rs. Cr) 
  INDEX FUTURES 
18,576.32
 FII 
 -1698.5
 INDEX OPTIONS 

5,67,828.87
 DII 
  1590.13
 STOCK FUTURES 
51,848.01
 STOCK OPTIONS 

445,317.58
Put Call Ratio 0.98 
                       


  Market Volume (in Rs Crore) 

NSE CASH  

29,800.05

NSE F&O

623,951.94





















Major news 

 The Nifty closed down 64.40 points at 10,146.50 on Thursday, the first day of Samvat 2074.

 The banking sector fears accretion of more than Rs 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI

 AXIS bank’s asset quality registered a sharp worsening as net NPAs came in at Rs 14,052 crore against Rs 9,766 crore in the previous quarter.September quarter net profit was reported at Rs 432.4 crore .

 Country's third largest software firm Wipro said its consolidated net profit increased 5.5 percent sequentially to Rs 2,191.7 crore for quarter ended September 2017. The growth was driven by fall in total expenses, lower finance cost and higher other income.

 Two-wheeler maker Bajaj Auto's second quarter profit fell 0.6 percent year-on-year to Rs 1,193.58 crore, hit by slow sales growth, lower other income and higher raw material cost

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