Stock Market: Trade Setup for Monday (Oct 26, 2020)

Top 10 things to know before Opening Bell

Global Indices

America’s Indices

Europe Indices

Asian Indices

• US stocks ended mixed as investors weighed ongoing negotiations between Congress and the White House for a new coronavirus stimulus package before the November 3 election.
• European markets finished broadly higher on Friday with shares in London leading the region. The FTSE 100 is up 1.29% while France’s CAC 40 is up 1.20% and Germany’s DAX is up 0.82%.
• Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.54% and the Nikkei 225 rose 0.18%. The Shanghai Composite lost 1.04%.

Indian Indices

• The Indian equity market ended higher on Friday.
• The Sensex ended 127.01 points or 0.31 percent higher at 40,685.50 while the Nifty gained 33.90 points or 0.28 percent to close at 11,930.35.

Indian Sector View

• Nifty Auto rallied the most over 2 percent followed by Nifty IT, Nifty Media, Nifty PSU Bank and Nifty Metals.
• Nifty Pharma and Nifty Realty ended in the red.

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

Stocks mixed as stimulus fears bite

U.S. Stocks reversed earlier gains and ended mixed on Friday, as investors continued to eye commentary from officials around stimulus talks and considered the final presidential debate.

The S&P 500 and Nasdaq ended the day slightly higher, although the blue-chip index still logged its first weekly loss in a month after declining early in the week.

Nestle India Q3 profit falls 1.4%

Nestle India on October 23 registered a 1.4 percent year-on-year decline in profit for the quarter ended September 2020 hit by higher tax cost. Profit for the quarter declined to Rs 587 crore, from Rs 595.3 crore in year-ago period.

Revenue during the quarter increased 10.1 percent year-on-year to Rs 3,541.7 crore with domestic sales growth at 10.2 percent, driven by volume and mix, while export sales rose by 9.4 percent YoY.

Vedanta board approves interim dividend of Rs 9.5 per share

The Board of Directors of Vedanta on October 24 approved first interim dividend of Rs 9.5 per share for the financial year 2020–21, amounting to Rs 3,500 crore.

The record date of the payout is set as October 31, Vedanta said in an exchange filing.

Future-RIL deal: Amazon gets a favorable ruling in Singapore

Amazon got a favorable ruling in Singapore with regard to the Future-RIL deal. Amazon gets interim relief as arbitration panel says Future cannot sell business to RIL for ₹24,713 cr.

Order of the tribunal will be valid for 90 days. Within 90 days, the main tribunal will be formed and can take up the issue of interim orders again.

Stock Market Highlights

Tech Mahindra Q2 beats estimates with profit at Rs 1,065 crore

Tech Mahindra on October 23 reported a profit of Rs 1,064.6 crore in the quarter-ended September 2020, registering a 9.5 percent growth compared to June quarter. The IT services company has declared a special dividend of Rs 15 per equity share for the quarter.

The dollar revenue at $1,265.4 million grew by 4.8 percent QoQ, while revenue growth was at 2.9 percent QoQ in constant currency terms.