Morning report equity:
The Dow rallied on Tuesday, registering its biggest
daily percentage gain in more than a month .Asian
shares were trading flat in early trade on
Wednesday. The Nifty futures on the Singaporean
stock exchange were trading higher by around 74.50
points at 10298, a rise of around 0.72 percent
indicating appositive opening for market.
Pivot |
R1 |
R2 |
S1 |
S2 |
|
Nifty |
10209 |
10236
|
10265 |
10181 |
10154 |
Bank Nifty |
24183
|
24333 |
24443 |
24072 |
23922 |
Turnover(cr)
|
NSE &BSE(Total value)
(Rs. Cr)
|
||
INDEX FUTURES
|
27,364.66
|
FII
|
-1306.76
|
INDEX OPTIONS
|
5,20,895.69 |
DII
|
592.28
|
STOCK FUTURES
|
1,00,409.12
|
||
STOCK OPTIONS
|
59,182.42 |
Put Call Ratio 0.92
|
|
Market Volume (in Rs Crore)
|
|
NSE CASH |
29,180.67 |
NSE F&O |
699,741.97 |
Major news
The market continued to see volatility on Tuesday ahead of expiry of October derivative contracts later in the week, but despite that it managed to close higher for second consecutive session.
The major action was seen in PSU banks, especially on hopes of early recapitalisation due to asset quality concerns. Nifty PSU Bank was top gainer among sectoral indices, rising 3.8 percent.
HDFC Bank closed flat after stable earnings for the quarter ended September 2017. Its profit grew by 20 percent despite sharp spike in provisions but asset quality was stable.
Zee Entertainment was biggest gainer among Nifty 50 stocks, rising 7 percent and Asian Paints rallied 4 percent after Q2 earnings.
Software firm Infosys declined 1.4 percent ahead of earnings that announced after market hours. Its profit grew 7 percent but revenue missed analysts' estimates and the full year constant currency revenue guidance cut to 5.5-6.5 percent from 6.5-8.5 percent earlier.
Reliance Industries saw profit booking, declining 0.6 percent after hitting a record high of Rs 947.70 per share intraday that helped it hit Rs 6 lakh crore in market capitalization.
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