Actionable: Buy Auro Pharma, Infosys, Godrej consumer.

From Advisory Desk 06th October 2020

Market Outlook: Wall street cheered President Trump’s return to White House by climbing 2℅. Asian markets too were up by a percent, including SGX Nifty which was up by 40 points. We expect the market to remain positive with a strong support of 11350.

Global market:
DOW: +465
SGX NIFTY: +40 (prev.close 11524)
NIFTY 50 : 11503
Sensex : 38973

Institution:
FII: +237 Cr
DII: -472 Cr

NSE:
Advances: 1464 / Declines: 1256

Currency:
Dollar: $ 73.29

Commodity:
Gold: $1914 per ounce
Crude: $41.27 per barrel

Bonds:
10 year US bond rate: 0.76
10 year Indian Bond rate: 6.00

Update:

HDFC Bank Q2 update: Hdfc bank Q2 provisional numbers shows strong Q2 business growth on account of continued strong momentum in loans and deposits despite weak economic trends, with advances grew by 16% yoy, deposits up by 20% yoy while CASA ratio at 42%.

CreditAccess Grameen: Company launches QIP on monday, at a floor price of Rs.707.69 per share, which is a discount of 5.3% to yesterday’s closing price. Board of directors will meet on October 8 to consider the issue price.

Indusind bank Q2 update: Q2 advances growth moderated to 1.6% YoY on weak economic trends. However, sequentially marginal uptick seen in loan growth and strong deposit growth at 10.3% YoY & 7.9% QoQ led by CASA deposits.

Securities in Ban: VEDL.

Derivative View : VIX closed at 19.70 Max Put OI is at 11000 then 11200. Max Call OI is at 11800 then 12000. Option data suggests a trading range between 11300 to 11700.

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