Morning report equity:
Asian shares gained on Friday as technology shares
were boosted by upbeat earnings from US hi-tech
giants. The Nifty futures on the Singaporean stock
exchange were trading higher by around 7.50 points
at 10382, a rise of around 0.07 percent indicating a
positive opening for the market
Pivot |
R1 |
R2 |
S1 |
S2 |
|
Nifty |
10324 |
10376
|
10408 |
10292 |
10240 |
Bank Nifty |
25024
|
25184 |
25346 |
24863 |
24703 |
Turnover(cr)
|
NSE &BSE(Total value)
(Rs. Cr)
|
||
INDEX FUTURES
|
47,570.93
|
FII
|
-375.63
|
INDEX OPTIONS
|
11,68,531.85 |
DII
|
-523.54
|
STOCK FUTURES
|
1,90,916.83
|
Put Call Ratio 0.91
|
|
STOCK OPTIONS
|
77,631.17 |
||
Market Volume (in Rs Crore)
|
|
NSE CASH |
52,070.09 |
NSE F&O |
1,484,650.78
|
Major news
Equity benchmarks as well as Midcap index continued to end at record closing high on Thursday, with the Nifty rallying 6 percent in October series (the highest ever gains in a series in 2017).
The rally was driven by oil & gas metals, infra and select technology stocks while select banks and non-banking finance companies saw selling pressure.
Experts feel the record closing on F&O expiry day indicated that positive move is expected to continue in November series also, especially after the government's big move with Rs 2.11 lakh crore recapitalisation plan for PSU banks and approval for Rs 6.92 lakh crore worth of highway projects.
HCL Technologies lost 4 percent after earnings missed analyst expectations. Deutsche Bank retained sell rating on the stock and lowered target price to Rs 700 from Rs 720 per share.
ICICI Bank, Bank of Baroda and State Bank of India saw profit booking after yesterday's rally, but Punjab National Bank continued its upmove, up 5.6 percent on top of 46 percent upside seen in previous session. Axis Bank also gained further, up 2.4 percent.
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