Stock Market: Trade Setup for Monday (Oct 19, 2020)
Top 10 things to know before Opening Bell
Global Indices
America’s Indices
Europe Indices
Asian Indices
- U.S. markets finished mixed as of the most recent closing prices. The S&P 500 gained 0.01%.
- European markets closed sharply higher on Friday with shares in France leading the region. The CAC 40 is up 2.03% while Germany’s DAX is up 1.62% and London’s FTSE 100 is up 1.49%.
- Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.94% and the Shanghai Composite rose 0.13%. The Nikkei 225 lost 0.41%.
Indian Indices
- Indian equity benchmark indices ended the day higher but registered a weekly loss on Friday.
- Market back in the green after a day of pause. Nifty gains 82 points to 11,762 & Sensex 255 points to 39,983.
Indian Sector View
- The market rebounded after around 2.5% loss seen in the previous session and closed seventh of a percent higher on October 16.
- Nifty Metal remained the best-performing index of the day, closing 4.11% higher followed by Nifty Realty and Nifty Bank.
Top Gainers and Losers
Gainers
Losers
ADR’s and FII/DII data
ADR
Cash FII/DII
Futures and Options FII/DII (index)
Futures and Options FII/DII (stocks)
Ahead of Market
Wall Street climbs on vaccine hopes
Wall Street bounced back on Friday after 3 straight days of losses, following a positive update from Pfizer on development of its COVID-19 vaccine and on data that showed stronger-than-expected retail sales growth last month.
The drugmaker’s shares firmed 2.4% as it expects to provide safety data and file for authorization of the vaccine it is developing with Germany’s BioNTech SE, as soon as a safety milestone is achieved in the third week of November.
Reliance Jio planning to sell 5G smartphones for ₹2,500–3,000 apiece
Reliance Jio is planning to launch a 5G smartphone for less than ₹5,000 and gradually reduce the price to ₹2,500–3,000 a unit when it scales up the operation, according to a company official.
The company will target 20–30 crore mobile phone users who use 2G connection at present.
HDFC Bank reports 18.4% jump in Q2 profit at Rs 7,513 crore, NII rises 16.7%
HDFC Bank reported a 18.4% year-on-year (y-o-y) growth in profit at Rs 7,513.11 crore for the September quarter, driven by PPoP, NII and lower tax rate. The profit in the year-ago period was at Rs 6,345 crore.
Net interest income increased by 16.7% to Rs 15,776.4 crore in the September quarter, driven by asset growth of 21.5% and a core net interest margin for the quarter at 4.1%, HDFC Bank said in its BSE filing.
RIL receives Rs 5,512.5 crore from GIC for Reliance Retail, company allots shares
Singapore-based investment firm GIC has furnished the Rs 5,512.5 crore subscription amount for a 1.22% stake in the retail arm of Reliance Industries (RIL).
Earlier this month, the firm had announced the deal with the investment equity firm which valued Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
Tata Motors partners with HDFC Bank for financing of passenger vehicles
Tata Motors on Saturday said it has partnered with HDFC Bank for financing of its passenger vehicles. Through the partnership, the company introduced two schemes — ‘Gradual Step Up Scheme’ and ‘TML Flexi Drive Scheme’ with an eye on making its products more accessible and driving up sales.
The schemes will be available till the end of November 2020. Under the Gradual Step Up scheme, customers can avail EMI options as low as ₹799 per lakh per month, depending on the product and variant. The EMI payments gradually increase over a period of 2 years depending on the payment convenience of the buyer.
