Indian Market Outlook:

The Key benchmark indices fell over 2 percent over the week amid weak cues from global markets. Upcoming US Presidential Election, rising COVID-19 cases in Europe and the US and lack of fiscal stimulus has spooked sentiment of the market. Nifty ended the week 2.63 percent lower at 11642 points while Sensex ended 2.41 percent lower at 39614 points. Broader market outperformed the Key benchmark indices. BSE Midcap index ended 0.48 percent lower, while the BSE Small cap index fell 1.63 percent, during the course of the week. Foreign Institutional Investors were the net buyers during the week; bought equities worth Rs.973 crore while the DIIs were the net sellers of Rs.2170 crore. DIIs have sold shares worth over Rs 17148 crore in October. Going forward Market would first react to Reliance industries numbers in early trade on Monday i.e. November 2. The auto numbers at the start of the week will give us an idea about whether the auto sector has recovered growth momentum. Then, the major event that lies ahead for the financial markets is the US elections which scheduled on 3rd November. Key Results to watch Next week are Punjab National Bank, Cadila Healthcare, HDFC Ltd., Escorts, Zee Entertainment, Berger paint, Adani Ports, Dabur India, PVR, Adani Enterprise, Ashok Leyland, BEL, BEML, BHEL, ITC, State Bank of India, Pidilite Industries, MRF, SAIL, Tata Consumer, Voltas and IPCA Lab. On Macro front Nikkei Markit Manufacturing PMI is scheduled to release on November 02.

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Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month       1 Year
Gold 1,878.70 -1.39 -1.04 9.43 24.21
Silver 23.71 -3.89 7.96 52.76 36.30
Platinum 847.10 -6.77 2.59 15.66 -2.01
USD/INR 74.56 0.98 -1.23 -3.19 4.04
Crude 35.77 -10.01 -3.73 134.65 -29.31

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Global Weekly Events

Date Region Event Description Forecast Previous
Nov 02,2020 INR Nikkei Markit Manufacturing PMI 55.4 56.8
Nov 02,2020 GBP Manufacturing PMI (Oct) 53.3 53.3
Nov 02,2020 USD ISM Manufacturing PMI (Oct) 55.8 55.4
Nov 03,2020 USD US Presidential Election
Nov 04,2020 INR Nikkei Services PMI (Oct) 51.2 49.8
Nov 06,2020 USD Fed Interest Rate Decision 0.25%

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 4.00% 4.00%
Reverse Repo Rate 3.25% 3.25%
Bank Rate 4.25% 4.25%
 Reserve Ratio CRR 3% 3%
SLR 18.00% 18.00%
 Inflation Rate Wholesale Price Index 1.32% 0.16%
Consumer Price Index 7.34% 6.69%
 Trade Data Export ($ Million) 27580 22700
Import($ Million) 30310 29470
 Industry IIP -8% -10.4%

 

Domestic Indices Closing(30th October) Change %Change
BSE Sensex 39,614.07 -1,071.43 -2.63
Nifty 11,642.40 -287.95 -2.41
Mid Cap 14,904.62 -71.48 -0.48
Small Cap 14,888.08 -246.51 -1.63
Bank Nifty 23,900.90 -577.40 -2.36

 

Global Indices Closing(30thOctober) Change %Change
Dow Jones 26,501.60 -1,833.97 -6.47
Nasdaq 10,911.59 -780.98 -6.68
FTSE 5,577.27 -283.01 -4.83
Nikkei 22,977.13 -539.46 -2.29
Hang Seng 24,107.42 -811.36 -3.26
Shanghai Com 3,224.53 -53.47 -1.63

 

Net Inflow (Cr) FII DII
26-Oct-2020 -119.42 -979.16
27-Oct-2020 3,514.89 -1,570.80
28-Oct-2020 -1,130.98 1.48
29-Oct-2020 -420.95 -253.41
30-Oct-2020 -870.88 631.11
Total 972.66 -2170.78

 

Top Gainers Closing Price Prev Close Chg (%)
Kotak Mahindra Bank 1547.40 1383.05 11.88
Asian Paints 2211.50 2120.25   4.30
IOC 79.55 78.25   1.66
NTPC 87.60 86.25   1.57
Ultratech Cement 4574.05 4504.55   1.54

 

Top Losers Closing Price Prev Close Chg (%)
Hero Motocorp 2799.80 3111.05 -10.00
Vedanta 95.75 104.75  -8.59
IndiaBull hsg        140.00 150.45 -6.95
Yes Bank 12.40 13.30 -6.77
SBI 189.25 202.80 -6.68

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Economic News:

  • The travel allowance scheme initially announced for central government employees has now been extended to all other employees with riders to boost consumption during the festive season. The government has announced that all non-central government employees will be eligible for income tax exemption for the entire leave travel concession amount up to Rs 36,000 per person without producing travel bills. However, such employees will have to spend three times the amount for purchasing goods or services on which GST of 12% or higher is levied, said a press release from Central Board of Direct Taxes.

 

  • The 15th Finance Commision will submit its report for fiscal years 2021-22 to 2025-26 to President Ram Nath Kovind on Nov. 9, according to an official statement on Friday. The Chairman NK Singh-led commission has concluded deliberations on the report, which was signed by him and members of the panel—Ajay Narayan Jha, Anoop Singh, Ashok Lahiri and Ramesh Chand. The 15th Finance Commission will also present a copy of the report to Prime Minister Narendra Modi later in November. The report, which contains recommendations pertaining to five financial years, 2021-22 to 2025-26, will be tabled in the parliament by the union finance minister along with an action-taken report of the Government of India.

 Industry News:

  • Tractor sale volumes are expected to grow 10-12 per cent this fiscal over the previous year primarily driven by a strong rural income owning to solid rabi crop harvest, ratings agency Ind-Ra has said. Moreover, government initiatives in the form of a hike in minimum support price (MSP) for kharif crops and increased budgetary allocation under MGNRES are supporting rural income, it said in a report. According to Ind-Ra, the segment volumes in 2021-22 are estimated to stand at a high single to low double-digit rate on account of four consecutive good crop harvests, translating into higher cash flows for farmers.

 

  • Petrol and diesel prices haven’t been revised in at least a month because international crude oil prices have remained range-bound, Indian Oil Corp. Ltd. said on Friday. While petrol prices haven’t changed since Sep. 22, diesel rates are static since Oct. 2. “Crude oil has not seen any drastic movement,” Indian Oil Chairman Shrikant Madhav Vaidya told reporters in New Delhi, after announcement of the state-run oil refiner’s September quarter results. “Crude oil has traded in $39-42 per barrel range in recent weeks.” The basket of crude oil that India buys has averaged $40 per barrel in October as against $41.35 in the previous month. According to Vaidya, this range-bound movement does not warrant a change in retail rates.

Company News:

  • Reliance Industries (RIL) on Friday reported a 15.1 per cent year-on-year decline in its consolidated net profit to Rs 9,567 crore for the September-ended quarter. Consolidated net revenue also dipped 25.7 per cent year-on-year to Rs 1.11 trillion because of weak performance in the refining, petrochemicals, and retail businesses. The profit number beat street estimates while revenue was in line with expectations. The company’s telecom business (Reliance Jio Infocomm) reported a net profit of Rs 2,844 crore, a three-fold increase over Rs 990 crore a year ago. Net profit from retail business was Rs 973 crore, an increase of 125 per cent. RIL recorded gross refining margins (GRM) at $5.7 per barrel for the July-September period, lower from $9.4 a year ago.

 

  • Grasim Industries Ltd, a flagship company of Aditya Birla Group has signed an agreement with a global specialty chemical producer, Lubrizol Advanced Materials to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin in India with initial production expected in late 2022. “This collaboration with Lubrizol Advanced Materials is part of our long-term direction to bring in world class technologies to India and additionally complements our growth strategy in Chlor-Alkali and Derivatives platform,” said Mr. Kalyan Ram Madabhushi, CEO, global chemicals, Aditya Birla Group.

 

  • Reliance Industries Ltd. is raising $1 billion in investment from two sovereign wealth funds as investors double down on the consumer businesses of Asia’s richest man, who’s diversifying his conglomerate away from oil refining. Abu Dhabi Investment Authority, or ADIA, and Saudi Arabia’s Public Investment Fund, or PIF, will each invest 37.8 billion rupees ($507.2 million) in buying units of Digital Fibre Infrastructure Trust, Reliance said in a post-earnings presentation on Friday. The company highlighted the “induction of strong partners” in what it called a “critical asset base.”

Global News:

  • Economists mostly projected U.S. fourth-quarter growth at an annual pace slightly below 3% to about 6% following Thursday’s report, which showed gross domestic product jumped 33.1% in the July-September period. That figure largely reflected a rebound in economic activity after widespread lockdowns earlier this year.

  • China unveiled the first glimpses of its economic plans for the next five years, promising to build the nation into a technological powerhouse as it emphasized quality growth over speed.

(Source:Bloomberg Quint, Economic Times, BusinessToday, Business Standard, Financial Express,Investing, Moneycontrol, livemint)

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Forthcoming Corporate Actions

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
ANGELBRKG 02-Nov-20 Interim Dividend – Rs. – 4.1500 RICOAUTO 04-Nov-20 Dividend – Rs. – 0.30
CRISIL 02-Nov-20 Interim Dividend – Rs. – 7.00 AMBUJACEM 05-Nov-20 Interim Dividend – Rs. – 17.00
ESTER 02-Nov-20 Interim Dividend – Rs. – 1.50 CASTROLIND 05-Nov-20 Interim Dividend – Rs. – 2.50
IVC 02-Nov-20 Final Dividend – Rs. – 0.60 CONTPTR 05-Nov-20 Stock  Split From Rs.10/- to Rs.5/-
AARTIDRUGS 03-Nov-20 Interim Dividend – Rs. – 2.50 ISEC 05-Nov-20 Interim Dividend – Rs. – 8.00
CROMPTON 03-Nov-20 Interim Dividend – Rs. – 3.00 KOPRAN 05-Nov-20 Interim Dividend – Rs. – 1.50
GUFICBIO 03-Nov-20 Final Dividend – Rs. – 0.0500 MARICO 05-Nov-20 Interim Dividend – Rs. – 3.00
IRBINVIT 03-Nov-20 Income Distribution (InvIT) SRD 05-Nov-20 Bonus issue 1:3
KKCL 03-Nov-20 Interim Dividend – Rs. – 15.00 SUPPETRO 05-Nov-20 Interim Dividend – Rs. – 2.50
MANINDS 03-Nov-20 Interim Dividend – Rs. – 2.00 SUPREMEIND 05-Nov-20 Interim Dividend – Rs. – 5.00
SAGCEM 03-Nov-20 Interim Dividend – Rs. – 2.00 VAIBHAVGBL 05-Nov-20 Interim Dividend – Rs. – 5.00
SEACOAST 03-Nov-20 Bonus issue 1:2 COSMOFILMS 06-Nov-20 Buy Back of Shares
WAAREE 03-Nov-20 Bonus issue 2:5 DAAWAT 06-Nov-20 Interim Dividend – Rs. – 0.50
LT 04-Nov-20 Special Dividend – Rs. – 18.00 SURYAROSNI 06-Nov-20 Interim Dividend – Rs. – 1.50

Source:BSE, Elite wealth Research

Upcoming Board Meetings

Symbol Purpose BM Date Symbol Purpose BM Date
BANDHANBNK Quarterly Results 02-Nov-20 BERGEPAINT Quarterly Results 05-Nov-20
CADILAHC Quarterly Results 02-Nov-20 BIRLACORPN General;Quarterly Results 05-Nov-20
COROMANDEL Quarterly Results 02-Nov-20 BSOFT Interim Dividend;Quarterly Results 05-Nov-20
EMBASSY General;Quarterly Results 02-Nov-20 CAMEXLTD Quarterly Results 05-Nov-20
ESCORTS Quarterly Results 02-Nov-20 CHAMBLFERT Interim Dividend;Quarterly Results 05-Nov-20
FINEORG Quarterly Results 02-Nov-20 CONCOR Interim Dividend;General;Results 05-Nov-20
HDFC Quarterly Results 02-Nov-20 CUPID A.G.M.;Interim Dividend;General;Results 05-Nov-20
NTPC Buy Back of Shares; Results 02-Nov-20 DALBHARAT Quarterly Results 05-Nov-20
OFSS Quarterly Results 02-Nov-20 DIAMONDYD Quarterly Results 05-Nov-20
ONMOBILE Quarterly Results 02-Nov-20 DISHTV Quarterly Results 05-Nov-20
PFIZER Quarterly Results 02-Nov-20 DSINVEST Quarterly Results 05-Nov-20
PNB Quarterly Results 02-Nov-20 EMAMILTD Interim Dividend;Quarterly Results 05-Nov-20
PNCINFRA Quarterly Results 02-Nov-20 ESABINDIA Quarterly Results 05-Nov-20
RAMCOCEM Quarterly Results 02-Nov-20 EVERESTO Quarterly Results 05-Nov-20
RAWEDGE General 02-Nov-20 GANGAPHARM Half Yearly Results 05-Nov-20
RELTD Quarterly Results 02-Nov-20 GAYAPROJ Quarterly Results 05-Nov-20
TAJGVK Quarterly Results 02-Nov-20 GODREJCP Quarterly Results 05-Nov-20
TATAINVEST Quarterly Results 02-Nov-20 GUJGAS Quarterly Results 05-Nov-20
TCIDEVELOP Quarterly Results 02-Nov-20 ICRA Quarterly Results 05-Nov-20
TCIEXP Quarterly Results 02-Nov-20 INDTONER Buy Back of Shares;Quarterly Results 05-Nov-20
WHIRLPOOL Quarterly Results 02-Nov-20 JAMNAAUTO Quarterly Results 05-Nov-20
WOCKPHARMA Quarterly Results 02-Nov-20 KILPEST Quarterly Results 05-Nov-20
WONDERLA Quarterly Results 02-Nov-20 KIRLOSBROS Quarterly Results 05-Nov-20
ZEEL Quarterly Results 02-Nov-20 KOCL Quarterly Results 05-Nov-20
ZYDUSWELL Quarterly Results 02-Nov-20 MATRIMONY Quarterly Results 05-Nov-20
ADANIGAS Quarterly Results 03-Nov-20 NETLINK Quarterly Results 05-Nov-20
ADANIPORTS Quarterly Results 03-Nov-20 SOMANYCERA General;Quarterly Results 05-Nov-20
AJANTPHARM Buy Back;Interim Dividend; Results 03-Nov-20 SPENCER Quarterly Results 05-Nov-20
ALEMBICLTD Quarterly Results 03-Nov-20 SUMICHEM Quarterly Results 05-Nov-20
DABUR Interim Dividend;Quarterly Results 03-Nov-20 TORNTPOWER Quarterly Results 05-Nov-20
DEEPAKFERT General;Quarterly Results 03-Nov-20 TRENT Quarterly Results 05-Nov-20
DHANBANK Quarterly Results 03-Nov-20 VINATIORGA Quarterly Results 05-Nov-20
ERIS Quarterly Results 03-Nov-20 AJMERA Quarterly Results 06-Nov-20
EVERESTIND Quarterly Results 03-Nov-20 ALKEM Quarterly Results 06-Nov-20
GEOJITFSL Interim Dividend;General;Results 03-Nov-20 ALLCARGO Quarterly Results 06-Nov-20
GODREJPROP Quarterly Results 03-Nov-20 ANUHPHR Quarterly Results 06-Nov-20
GSFC Quarterly Results 03-Nov-20 ASHOKLEY Quarterly Results 06-Nov-20
IIFL Quarterly Results 03-Nov-20 ASTRAL Interim Dividend;Quarterly Results 06-Nov-20
INDIGRID General;Quarterly Results 03-Nov-20 AXTEL Quarterly Results 06-Nov-20
JAGRAN Quarterly Results 03-Nov-20 BANKINDIA Quarterly Results 06-Nov-20
JMCPROJECT General;Quarterly Results 03-Nov-20 BATLIBOI Quarterly Results 06-Nov-20
JSWENERGY General;Quarterly Results 03-Nov-20 BEL Quarterly Results 06-Nov-20
KANSAINER Interim Dividend;Quarterly Results 03-Nov-20 BEML Quarterly Results 06-Nov-20
MUTHOOTFIN Quarterly Results 03-Nov-20 BHEL Quarterly Results 06-Nov-20
NATURAL General;Quarterly Results 03-Nov-20 CENTRALBK Audited Results;Quarterly Results 06-Nov-20
NEULANDLAB Interim Dividend;Quarterly Results 03-Nov-20 CESC Results;Voluntary Delisting of Shares 06-Nov-20
POLYCHEM Quarterly Results 03-Nov-20 CIPLA Quarterly Results 06-Nov-20
PRATIK Quarterly Results 03-Nov-20 CREDITACC Quarterly Results 06-Nov-20
PRINCEPIPE Interim Dividend;Quarterly Results 03-Nov-20 DHAMPURSUG General;Quarterly Results 06-Nov-20
PRSMJOHNSN Quarterly Results 03-Nov-20 DIAMINESQ Quarterly Results 06-Nov-20
PVR Quarterly Results 03-Nov-20 DICIND Quarterly Results 06-Nov-20
RAMCOSYS General;Quarterly Results 03-Nov-20 EXCELINDUS Quarterly Results 06-Nov-20
RATNAMANI Quarterly Results 03-Nov-20 FIBERWEB General;Quarterly Results 06-Nov-20
SMARTLINK Quarterly Results 03-Nov-20 FORCEMOT Quarterly Results 06-Nov-20
SMSPHARMA Quarterly Results 03-Nov-20 GLENMARK Quarterly Results 06-Nov-20
SUNPHARMA Quarterly Results 03-Nov-20 GNFC Quarterly Results 06-Nov-20
TCI Quarterly Results 03-Nov-20 INDIACEM Quarterly Results 06-Nov-20
ADANIENT Quarterly Results 04-Nov-20 INDIAGLYCO Quarterly Results 06-Nov-20
ADANIGREEN Quarterly Results 04-Nov-20 IOB Quarterly Results 06-Nov-20
APOLLOTYRE Quarterly Results 04-Nov-20 IOLCP Interim Dividend;Quarterly Results 06-Nov-20
ASAHIINDIA General;Quarterly Results 04-Nov-20 IPOWER General;Quarterly Results 06-Nov-20
ASIFOOD General;Quarterly Results 04-Nov-20 ITC Quarterly Results 06-Nov-20
ASMTEC Interim Dividend;Quarterly Results 04-Nov-20 J&KBANK Quarterly Results 06-Nov-20
BALRAMCHIN Quarterly Results 04-Nov-20 JINDWORLD General;Quarterly Results 06-Nov-20
BASF Quarterly Results 04-Nov-20 JUBLINDS Quarterly Results 06-Nov-20
DATAMATICS Quarterly Results 04-Nov-20 KIRLOSIND Quarterly Results 06-Nov-20
DUROPLY Quarterly Results 04-Nov-20 KRBL Quarterly Results 06-Nov-20
GALLANTT General;Quarterly Results 04-Nov-20 LALPATHLAB Interim Dividend;Quarterly Results 06-Nov-20
GALLISPAT Quarterly Results 04-Nov-20 LEMONTREE General;Quarterly Results 06-Nov-20
GATI Quarterly Results 04-Nov-20 MANAPPURAM Interim Dividend;General;Results 06-Nov-20
GAYAHWS Quarterly Results 04-Nov-20 MARKSANS Quarterly Results 06-Nov-20
GODREJAGRO Quarterly Results 04-Nov-20 MRF Interim Dividend;Quarterly Results 06-Nov-20
GOKULAGRO Quarterly Results 04-Nov-20 NGLFINE Quarterly Results 06-Nov-20
GREENPLY Quarterly Results 04-Nov-20 RECLTD Interim Dividend;General;Results 06-Nov-20
HAPPSTMNDS Quarterly Results 04-Nov-20 SAIL Quarterly Results 06-Nov-20
HIKAL Quarterly Results 04-Nov-20 SCHNEIDER General;Quarterly Results 06-Nov-20
INDHOTEL Quarterly Results 04-Nov-20 SCI Quarterly Results 06-Nov-20
JKLAKSHMI Quarterly Results 04-Nov-20 SEQUENT General;Quarterly Results 06-Nov-20
JSLHISAR Quarterly Results 04-Nov-20 TATACONSUM Quarterly Results 06-Nov-20
JUBILANT General;Quarterly Results 04-Nov-20 TVTODAY Quarterly Results 06-Nov-20
JYOTHYLAB Quarterly Results 04-Nov-20 UBL Quarterly Results 06-Nov-20
LUPIN General;Quarterly Results 04-Nov-20 UNIONBANK Quarterly Results 06-Nov-20
MAFATIND Quarterly Results 04-Nov-20 VEDL Quarterly Results 06-Nov-20
NELCO Quarterly Results 04-Nov-20 VOLTAS Quarterly Results 06-Nov-20
NILKAMAL Quarterly Results 04-Nov-20 AFFLE Quarterly Results 07-Nov-20
PIDILITIND Quarterly Results 04-Nov-20 AMBER Quarterly Results 07-Nov-20
SBIN Quarterly Results 04-Nov-20 BALKRISHNA Quarterly Results 07-Nov-20
SRF Quarterly Results 04-Nov-20 CANTABIL Quarterly Results 07-Nov-20
THERMAX Quarterly Results 04-Nov-20 CHEMBOND Quarterly Results 07-Nov-20
AARTISURF General;Quarterly Results 05-Nov-20 DIVISLAB Quarterly Results 07-Nov-20
ABB Quarterly Results 05-Nov-20 FDC Quarterly Results 07-Nov-20
ABCAPITAL Quarterly Results 05-Nov-20 IPCALAB Interim Dividend;Quarterly Results 07-Nov-20
ACRYSIL Quarterly Results 05-Nov-20 MANGLMCEM Quarterly Results 07-Nov-20
ADANIPOWER Quarterly Results 05-Nov-20 NATHBIOGEN Quarterly Results 07-Nov-20
ADANITRANS Quarterly Results 05-Nov-20 SAURASHCEM Quarterly Results 07-Nov-20
APARINDS Quarterly Results 05-Nov-20 SESHAPAPER Quarterly Results 07-Nov-20
APOLLOFI A.G.M.;General 05-Nov-20 SHAILY Quarterly Results 07-Nov-20
ASTRAZEN Quarterly Results 05-Nov-20 SOBHA Quarterly Results 07-Nov-20
AUROLAB General;Quarterly Results 05-Nov-20 SOLIMAC General 07-Nov-20
BAJAJELEC Quarterly Results 05-Nov-20 UJJIVANSFB Quarterly Results 07-Nov-20

Source: BSE, Elite wealth Research

Major Economy Indicators

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DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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