F&O Expiry! Sensex slips 150 points

Some buying activity is seen in consumer durable, auto and realty sectors, while banking,capital goods, metal, fmcg, IT and oil & gas sectors are showing weakness on BSE. The India VIX (Volatility) index is up 2.8% to 17.52.

 At 2:02 PM, the S&P BSE Sensex is trading at 26,859 down 180 points, while NSE Nifty is trading at 8,117 down 54 points.

The BSE Mid-cap Index is trading down 0.12% at 11,023, whereas BSE Small-cap Index is trading down 0.10% at 11,441.

Some buying activity is seen in consumer durable, auto and realty sectors, while banking,capital goods, metal, fmcg, IT and oil & gas sectors are showing weakness on BSE.

Dr.Reddy's, Tata Motors, Lupin, Vedanta, Bajaj-Auto and Tata Steel are among the gainers, whereas BHEL, Axis Bank, Bharti Airtel, GAIL, Sun Pharma, Coal India, ITC and HUL are losing sheen on BSE.

Indian Rupee today opened lower by 23 paise at 65.15/$ in early trade on Thursday.The dollar is standing strong against most other currencies. The currency touched a high and low of 65.02 and 65.08 respectively. On the global front, the Fed has kept interest rates unchanged. In the December meeting the Fed would “assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.” The SGX Nifty is trading in the red and Asian shares moved lower. The F&O expiry will add the usual choppiness towards the end. Japan's industrial output rose 1.0 per cent in September from the previous month, which was better than expectations.

The India VIX (Volatility) index is up 2.8% to 17.52. Out of 1,747 stocks traded on the NSE, 775 declined and 682 advanced today. A total of 29 stocks registered a fresh 52-week high in trades today, while 17 stocks touched a new 52-week low on the NSE.

NTPC beats street expectations; Q2 net profit up 40%k at Rs. 2898 crore

Total Income has increased from Rs. 172673.20 mn for the quarter ended September 30, 2014 to Rs. 181739.00 mn for the quarter ended September 30, 2015.

NTPC Ltd has posted a net profit of Rs. 28982.80 mn for the quarter ended September 30, 2015 as compared to Rs. 20716.30 million for the quarter ended September 30, 2014. 

Total Income has increased from Rs. 172673.20 mn for the quarter ended September 30, 2014 to Rs. 181739.00 million for the quarter ended September 30, 2015.

City Union Bank Q2 net profit at Rs. 108 cr; up 15%

The total income has increased by 7.2 per cent to Rs. 829 crore for the quarter under review from Rs.773 crore for the corresponding quarter of the previous year.

City Union Bank Ltd has announced the following results for the quarter ended September 30, 2015

The bank reported 15 per cent rise in its net profit at Rs.108 crore for the quarter ended September 30, 2015 as compared to Rs.93.7 crore for the same quarter in the previous year.

The total income has increased by 7.2 per cent to Rs. 829 crore for the quarter under review from Rs.773 crore for the corresponding quarter of the previous year.

Big four IT firms unable to meet Nasscom growth target and other Top IT News of the day

A brief round up of the top headlines that dominated the IT sector, nationally and internationally.

Big four IT companies may not be able to meet Nasscom's growth target for FY16, and the industry may just be able to meet the lower end of the guidance even as a tough second half looms. The growth guidance of 12-14% will now depend on captives and BPOs pulling their levels up. (ET)

Tata Consultancy Services (TCS) two employees have been taken into police custody for allegedly tampering with the database of the Gemological Institute of America.

Infosys is considering restructuring its human resources to more of a matrix structure from a linear one as it looks to make itself more attractive to young digitally savvy employees. 

Infosys chairman R Seshasayeemay be cautiously optimistic aboutinvestments picking up in India but appears more confident when it comes to the future of the $9-bil ion IT behemoth, which seems to have found its mojo back over the last two quarters.

Wipro Ltd has announced that it has bagged 5-year contract from Coop Norge Handel. As a part of the agreement, Wipro will transform Coop Norge enterprise SAP software landscape.

Tata Elxsi Ltd reported 61 per cent rise in its net profit at Rs. 38.1 crore for the quarter ended September 30, 2015 as compared to Rs. 23.6 crore for the same quarter in the previous year.

Videocon, in partnership with Microsoft, launched what it is calling the world's first Windows 10-powered LED TV, priced at Rs. 39,990 for the 32-inch panel, and Rs. 52,990 for the 40-inch model. 

Apple announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share.

Twitter, Inc announced financial results for the quarter ended September 30, 2015.
Q3 revenue of $569 million, is up 58% Y-o-Y, and above the previously forecast range of $545 mn to $560 million.

Cyber security firm Avast has alleged that Google, WhatsApp and Facebook spy on their users to find out their interest for serving targeted advertisements but their users are well aware about this.

With the mission of weaving everyone in the world together, connecting with India becomes imperative since it is world’s largest democracy and ideas from Indian students and entrepreneurs can shared with the world via his social media platform. The world cannot be connected without connecting India, says Facebook Founder, Mark Zuckerberg on his visit to India at the campus of Indian Institute of Technology (IIT) Delhi.

hCentive Inc., a leading health insurance exchange solutions company headquartered in Reston, Virginia (Washington D.C. area), has announced ambitious investment and hiring plans for its R&D centre in India.

Data centre player Netmagic has launched what it claims to be India's largest data centre in Mumbai . The new facility would be Netmagic's ninth data centre in the country, and fifth in Mumbai. 

BPCL plans to sell 24% stake in Bina refinery

The company is reportedly planning to boost the capacity of the refinery by about 30%.

Bharat Petroleum Corp is in talks with foreign companies to sell 24% stake in its 120,000 barrels per day Bina refinery in Madhya Pradesh, its chairman S. Varadarajan reportedly said.

Report says that the company is planning to boost the capacity of the refinery by about 30%.

The scrip opened at Rs. 900 and has touched a high and low of Rs. 906.2 and Rs. 890.55 respectively. So far 643858(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 65597.82 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 987 on 23-Jul-2015 and a 52 week low of Rs. 622.45 on 15-Dec-2014. Last one week high and low of the scrip stood at Rs. 921.9 and Rs. 896 respectively.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 30.36 % and 14.71 % respectively.

The stock is currently trading below its 100 DMA.

Indian insurers spending Rs. 140.8bn on IT and services in 2016: Gartner

Enterprise software spending, which includes enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM), is forecast to grow 22 percent in 2016, to a total of 948 million rupees.

Most Indian insurance companies expect to increase their IT budgets in 2016, and are expected to spend 140.8 billion rupees on IT products and services – a 9.6 percent increase over 2015, according to Gartner Inc. This forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.

“Our research shows that Indian insurers are prioritizing their technology investments for 2016 into digitalization, and particularly analytics capabilities,” said Derry Finkeldey, research director at Gartner. “They are primarily looking to digital to grow their businesses in the domestic market.”

This is driving continued strong growth in IT services, especially consulting services, and also enterprise software. Spending on IT services is forecast to reach 45.2 billion rupees, which is 32 percent of all insurance IT spending. Enterprise software spending, which includes enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM), is forecast to grow 22 percent in 2016, to a total of 948 million rupees.

Further information on insurance sector IT spending is available in the Gartner report, ‘Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2013-2019, 2Q15 Update. This vertical industries forecast provides total enterprise IT spending, including internal spending and multiple lines of detail for spending on hardware, software, IT services, and telecommunications for vertical industries and 43 countries within seven geographies.

Business trends are the main focus at Gartner Symposium/ITxpo 2015, November 2-5 in Goa, India..

YES Bank Q2 net profit jumps 26%

Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director &CEO, YES BANK said, “ YES Bank has delivered another consistent quarter of sustained financial performance reflected by healthy growth in Net Profit of 26.5% and driven by steady increase in NII and stable asset quality.

The Board of Directors of YES BANK Ltd. took on record the Q2FY16 results at its meeting held in Mumbai today.

The company reported Net Profit of Rs. 610.4 crore in Q2FY16; y-o-y growth of 26.5%. NIM expanded to 3.3% y-o-y.

The Net Interest Income at Rs. 1,108.5 crore for Q2FY16; y-o-y growth of 29.4%.

Financial Highlights

Y-o-Y growth in CASA of 40.5%; CASA Ratio improves to 25.5% from 22.5% a year ago, crossing 25% for the first time. SA deposits posted robust growth of 61.7% y-o-y.

CASA+Retail FDs as % of Total Deposits stands at 52.5% as at September 30, 2015, up from 42.9%

a year ago

Total Capital Adequacy as per Basel III stands at 14.9%*, as at September 30, 2015.

Asset Quality: Bank’s Asset quality continued to show resilience in the quarter. Gross Non Performing Advances as a proportion of Gross Advances was at 0.61% while Net Non Performing Advances as a proportion of Net advances was at 0.20% as at September 30, 2015.

Net NPA increased by only Rs. 51.9 crore q-o-q. Bank’s specific loan loss Provision Coverage was at 67.7% as at September 30, 2015.

Total Standard Restructured Advances stand at Rs. 569.3 crore as at September 30, 2015. This represents 0.71% of the Gross Advances, same as last quarter.

There has been no sale to ARC during the previous four quarters. Also the Bank has not refinanced any loan through 5-25 route.

Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director &CEO, YES BANK said, “ YES Bank has delivered another consistent quarter of sustained financial performance reflected by healthy growth in Net Profit of 26.5% and driven by steady increase in NII and stable asset quality.

Further, the Bank continues to build granularity in deposits demonstrated by Retail & CASA deposits contribution of 52.5% as on September 30, 2015 on the back of healthy SA deposits growth and with CASA crossing 25% for the first time since inception of the Bank 11 years ago.I am also pleased to announce that YES Bank is the first bank to have launched its operations at the IBU branch in the IFSC, GIFT city at Gandhinagar, Gujarat. This along with the recent RBI licensing approvals for setting up AMC operations and commencement of PD business will further deepen our value proposition for our corporate as well as retail customers.”

Asset Quality: Bank’s Asset quality continued to show resilience in the quarter. Gross Non Performing Advances as a proportion of Gross Advances was at 0.61% while Net Non Performing Advances as a proportion of Net advances was at 0.20% as at September 30, 2015.

Net NPA increased by only Rs. 51.9 crore q-o-q. Bank’s specific loan loss Provision Coverage was at 67.7% as at September 30, 2015.

Total Standard Restructured Advances stand at Rs. 569.3 crore as at September 30, 2015. This represents 0.71% of the Gross Advances, same as last quarter.

There has been no sale to ARC during the previous four quarters. Also the Bank has not refinanced any loan through 5-25 route.

In less than a decade, Afro-Indo trade has crossed US$ 70 bn: Modi

India is now a major source of business investments in Africa. Today, 34 African countries enjoy duty free access to the Indian market, Modi said.

“In less than a decade, our trade has more than doubled to over US$ 70 billion,” said Prime Minister Narendra Modi at an inaugral ceremony of the 3rd India-Africa Forum Summit in New Delhi.

“India is now a major source of business investments in Africa. Today, 34 African countries enjoy duty free access to the Indian market,” noted the PM.

He further added that African energy helps run the engine of the Indian economy; its resources are powering our industries; and, African prosperity offers growing market for Indian products. India has committed 7.4 billion dollars in concessional credit and 1.2 billion dollars in grant since the first India-Africa Summit in 2008. It is creating 100 capacity building institutions, and developing infrastructure, public transport, clean energy, irrigation, agriculture and manufacturing capacity across Africa. In the last three years alone, nearly 25,000 young Africans have been trained and educated in India. They are the 25,000 new links between us.

“To add strength to our partnership, India will offer concessional credit of 10 billion U.S. dollars over the next five years. This will be in addition to our ongoing credit programme.
We will also offer a grant assistance of US$ 600 mn. This will include an India-Africa Development Fund of US$ 100 mn and an India-Africa Health Fund of US$ 10 mn. It will also include 50,000 scholarships in India over the next five years. And, it will support the expansion of the Pan Africa E-Network and institutions of skilling, training and learning across Africa,” noted Modi.

“Four hundred thousand new businesses were registered in Africa in 2013; and, mobile telephone now reaches 95% of the population in many places. Africa is now joining the global mainstream of innovation. The mobile banking of M-Pesa, the healthcare innovation of MedAfrica, or the agriculture innovation of AgriManagr and Kilimo Salama, are using mobile and digital technology to transform lives in Africa,” said Modi.

MphasiS hits 52-week high

The scrip opened at Rs. 455 and touched a high and low of Rs. 494 and Rs. 455 respectively

MphasiS hits 52-week high at Rs. 494 on BSE.  The scrip opened at Rs. 455 and has touched a high and low of Rs. 494 and Rs. 455 respectively. So far 5,08,128 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9,462.86 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 475 on 21-Oct-2015 and a 52 week low of Rs. 331 on 04-Feb-2015. Last one week high and low of the scrip stood at Rs. 467.8 and Rs. 438.1 respectively.

The promoters holding in the company stood at 60.48 % while Institutions and Non-Institutions held 28.74 % and 10.78 % respectively.

The stock is currently trading below its 50 DMA.

Shanthi Gears climbs 6%; Q2 net profit at Rs.42.4 crore

The company reported its Q2 net profit at Rs.42.4 crore for the quarter ended September 30, 2015 as compared to Rs.37.7 crore for the same quarter in the previous year.

Shares of Shanthi Gears Ltd were higher by 6% at Rs. 113. The company's Q2 net profit stood at Rs.42.4 crore for the quarter ended September 30, 2015 as compared to Rs.37.7 crore for the same quarter in the previous year. The company’s total income has increased by 12.4 per cent to Rs.42.4 crore for the quarter under review from Rs.37.7 crore for the corresponding quarter of the previous year.

The scrip opened at Rs. 109.7 and has touched a high and low of Rs. 113.7 and Rs. 109.5 respectively. So far 24,503 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 876.64 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 179.45 on 20-Jan-2015 and a 52 week low of Rs. 86.7 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 117 and Rs. 105 respectively.

The promoters holding in the company stood at 70.12 % while Institutions and Non-Institutions held 7.16 % and 22.72 % respectively.

The stock is currently trading below its 200 DMA.

Rupee opens weaker on incremental dollar demand

The currency touched a high and low of 65.48 and 65.53 respectively.

Indian Rupee today opened lower by 23 paise at 65.15/$ in early trade on Thursday.The dollar is standing strong against most other currencies. The currency touched a high and low of 65.02 and 65.08 respectively. On the global front, the Fed has kept interest rates unchanged. In the December meeting the Fed would “assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.” The SGX Nifty is trading in the red and Asian shares moved lower. The F&O expiry will add the usual choppiness towards the end. Japan's industrial output rose 1.0 per cent in September from the previous month, which was better than expectations.

The rupee ended at 64.92, higher by 5 paise from its previous close of 64.96 on Tuesday. The currency touched a high and low of 65.48 and 65.53 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.04 and for Euro stood at 71.75 on October 28, 2015. While, the RBI’s reference rate for the Yen stood at 54.01, the reference rate for the Great Britain Pound (GBP) stood at 99.5840.

Daily Market Strategy - F&O expiry: Flat start, Choppy end likely

For the day, while US markets were upbeat, the Indian indices could see some subdued movement initially. The SGX Nifty is trading in the red and Asian shares moved lower.

Nothing is more conducive to peace of mind than not having any opinions at all. - GC Lichtenberg
 
Opinions seem to be changing in the market with the US Federal Reserve making direct references to a rate hike possibility in December. For now, the Fed has kept interest rates unchanged. In the December meeting the Fed would “assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.” The Indian equity market ended with losses for third consecutive trading session on Wednesday tracking weakness in markets across the globe.  The decline was led by banking, power, realty and auto stocks. Even the mid-cap and the small-cap stocks which managed to outperform the benchmark indices in the previous trading session witnessed selling pressure.
 
For the day, while US markets were upbeat, the Indian indices could see some subdued movement initially. The SGX Nifty is trading in the red and Asian shares moved lower. The F&O expiry will add the usual choppiness towards the end. Japan's industrial output rose 1.0 per cent in September from the previous month, which was better than expectations.  The dollar is standing strong against most other currencies. Among the results to watch out for include Glenmark Pharmaceuticals, Yes Bank, Dr. Reddy's Laboratories, Nestle India and Colgate-Palmolive.
 
Finance Minister Arun Jaitley reportedly said the improvement in ranking does not fully reflect the reforms initiated and the position will improve further next year. India climbed 12 positions in the World Bank's rankings in terms of 'ease of doing business'. For the year 2016, India has been ranked 130th on a list of 189 countries, compared with a ranking of 142nd this year. The rise has been attributed to improvement in two areas - ease of starting a business and securing an electricity connection.
 
The much awaited Initial Public Offer (IPO) from India's most profitable airlines IndiGo got off to a flying start, with 87% subscription in the first day itself, while the second day has seen the IPO getting fully subscribed.
 
Finance Minister Arun Jaitley reportedly said the improvement in ranking does not fully reflect the reforms initiated and the position will improve further next year. 
 
Reliance Industries has regained top slot among Indian energy companies on the Platts global list by surpassing Oil and Natural Gas Corp (ONGC) in the rankings for this year, says report.
 
FIPB approved 16 FDI Proposals worth Rs. 4,722 crore. 
 
India climbed 12 positions in the World Bank's rankings in terms of 'ease of doing business'. For the year 2016, India has been ranked 130th on a list of 189 countries, compared with a ranking of 142nd this year. The rise has been attributed to improvement in two areas - ease of starting a business and securing an electricity connection.
 
Shares of Dabur India Ltd ended flat at Rs. 271. The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 3411.30 million for the quarter ended September 30, 2015 as compared to Rs. 2874.80 mn for the quarter ended September 30, 2014. Total Income has increased from Rs. 19684.40 million for the quarter ended September 30, 2014 to Rs. 21509.20 mn for the quarter ended September 30, 2015.
 
Shares of Sun TV Network Ltd ended 2% lower at Rs. 378.The Company has posted a net profit of Rs. 2183.80 million for the quarter ended September 30, 2015 as compared to Rs. 1544.70 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 5312.20 million for the quarter ended September 30, 2014 to Rs. 5884.40 million for the quarter ended September 30, 2015.
 
Amara Raja Batteries Ltd ended 6% lower at Rs. 917 after the company posted Q2 results. The Company has posted a net profit after tax of Rs. 1225.70 million for the quarter ended September 30, 2015 as compared to Rs. 1003.00 million for the quarter ended September 30, 2014.
 
Syndicate Bank ended 2% lower at Rs. 95. The Bank has posted a net profit of Rs. 3323.70 mn for the quarter ended September 30, 2015 as compared to Rs. 3156.00 million for the quarter ended September 30, 2014. 
 
JSW Energy Ltd ended 4% lower at Rs. 87 after the company posted Q2 results. The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 4919.60 million for the quarter ended September 30, 2015 whereas the same was at Rs. 3186.30 million for the quarter ended September 30, 2014. Total Income is Rs. 26212.20 million for the quarter ended September 30, 2015 where as the same was at Rs. 23722.80 million for the quarter ended September 30, 2014.
 
Shares of Thermax Ltd closed lower by 5% at Rs. 845. The Company has posted a net profit of Rs. 648.324 mn for the quarter ended September 30, 2015 as compared to Rs. 860.110 million for the quarter ended September 30, 2014.Total Income has decreased from Rs. 11803.175 mn for the quarter ended September 30, 2014 to Rs. 10696.282 million for the quarter ended September 30, 2015.
 
Shares of Cairn India Ltd were higher by 3% at Rs. 153. The merger proposal of Cairn India Ltd. and Vedanta Ltd. can be put to vote for shareholders approval by January 2016, Vedanta Resources Plc CEO Tom Albanese said.
 
Shares of Alembic Pharma Ltd were higher by 4% at Rs.690.The Group has posted a net profit after tax and share of profit of associates of Rs. 2889.00 million for the quarter ended September 30, 2015 as compared to Rs. 772.70 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 5472.20 million for the quarter ended September 30, 2014 to Rs. 10088.10 million for the quarter ended September 30, 2015.
 
Axis Bank stock ended lower by 7% at Rs. 482. The Bank has posted a net profit of Rs. 19156.40 mn for the quarter ended September 30, 2015 as compared to Rs. 16107.10 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 105499.70 mn for the quarter ended September 30, 2014 to Rs. 120010.10 million for the quarter ended September 30, 2015.
 
Jubilant Life Sciences Ltd stock ended lower by 4% at Rs. 407. The Board of Directors of the company to consider the proposal to issue securities which may include equity shares and/or instruments or securities convertible into, exchangeable with or otherwise linked to the equity shares of the Company, up to an amount of USD 200 million or Rs. 1,300 crores approx.
 
Aptech Ltd stock ended 3% higher at Rs. 63. The company has announced that they are enetering the formal K-12 school business. The maiden school will come up in Kabul, Afghanistan and will seek students in March 2016.
 
Bharat Forge stock closed lower by 5% at Rs. 867.The company said it is reorganising operations of its European subsidiaries to reduce costs and facilitate tax and fiscal consolidation.
 
Bharti Airtel stock ended 2% higher at Rs. 356. The company said it had sold its telecom towers in Burkina Faso to independent tower company, Eaton Towers.  
 
Mastek stock ended 1% lower at Rs.152. The company has bagged a multi-year contract from National Credit Guarantee Trustee Company (NCGTC) to deliver a ‘digital guarantee-processing platform’ thereby enabling banks, FIs, referred to as MLs (Member Lending Institutions) to participate in various credit guarantee schemes of Government of India. It is a nationwide initiative of extending collateral free loans to various underprivileged sections of the society.
 
Deepak Nitrite Ltd stock ended higher by 8% at Rs. 67. The company has also bagged an Annual Contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science.

Results: Glenmark Pharmaceuticals, Yes Bank, Dr. Reddy's Laboratories, Crompton Greaves, Alstom T&D India, Astra Microwave Products,Bharat Electronics Ltd, Bharat Forge, Bharat Gears, Nestle India, Colgate-Palmolive (india), City Union Bank, NTPC, Dishman Pharmaceuticals & Chemicals, Jubilant Life Sciences ,MRF, Emami,Essel Propack,Forbes & Company, Firstsource Solutions, Gujarat Pipavav Port,Grasim Industries,Grindwell Norton,Hindustan Construction,Heidelbergcement India,Torrent Pharmaceuticals, Ifci,India Tourism Development Corporation,Muthoot Finance,Thomas Cook (India), Sagar Cements,Neuland Laboratories,Oriental Hotels,Polaris Consulting & Services,Praj Industries,Redington (india),RPG Life Sciences,R Systems International,State Bank Of Travancore,Sequent Scientific,SKF India,Solar Industries India,Shriram Transport Finance,Supreme Industries,The Byke Hospitality,V2 Retail 
 
Global Data:  Export Price Index (QoQ) (Q3) AUD, Import Price Index (QoQ) (Q3) AUD, Nationwide Housing Prices s.a (MoM) (Oct) GBP, Nationwide Housing Prices n.s.a (YoY) (Oct) GBP, European Commission Releases Economic Growth Forecasts  EUR, HICP (YoY) (Oct)Preliminar EUR Retail Sales (YoY) (Sep) EUR, Unemployment Rate s.a. (Oct) EUR, Unemployment Change (Oct) EUR, Net Lending to Individuals (MoM) (Sep) GBP, Consumer Credit (Sep) GBP Mortgage Approvals (Sep) GBP M4 Money Supply (YoY) (Sep) GBP, M4 Money Supply (MoM) (Sep) GBP, 10-y Bond Auction EUR, 5-y Bond Auction EUR, Services Sentiment (Oct) EUR, Consumer Confidence (Oct) EUR, Industrial Confidence (Oct) EUR, Economic Sentiment Indicator (Oct) EUR, Business Climate (Oct) EUR, CBI Distributive Trades Survey - Realized (MoM) (Oct) GBP, Business Confidence (Oct) EUR, Consumer Confidence (Oct) EUR, Continuing Jobless Claims (Oct 16) USD, Initial Jobless Claims (Oct 23) USD, Gross Domestic Product Annualized (Q3)Preliminar USD Gross Domestic Product Price Index (Q3)Preliminar USD, Personal Consumption Expenditures Prices (QoQ) (Q3)Preliminar USD, Core Personal Consumption Expenditures (QoQ) (Q3)Preliminar USD, Industrial Product Price (MoM) (Sep) CAD, Raw Material Price Index (Sep) CAD, Consumer Price Index (YoY) (Oct)Preliminar EUR, Consumer Price Index (MoM) (Oct)Preliminar EUR, Harmonised Index of Consumer Prices (YoY) (Oct)Preliminar EUR, Harmonised Index of Consumer Prices (MoM) (Oct)PreliminarEUR, Fed's Lockhart speech USD, Pending Home Sales (YoY) (Sep) USD, Pending Home Sales (MoM) (Sep) USD, EIA Natural Gas Storage change (Oct 23) USD, 7-Year Note Auction USD, Building Permits s.a. (MoM) (Sep) NZD, Tokyo CPI ex Fresh Food (YoY) (Oct) JPY, Tokyo Consumer Price Index (YoY) (Oct) JPY, Tokyo CPI ex Food, Energy (YoY) (Oct) JPY, National CPI Ex-Fresh Food (YoY) (Sep) JPY, National Consumer Price Index (YoY) (Sep) JPY, National CPI Ex Food, Energy (YoY) (Sep) JPY, Jobs/applicants ratio (Sep) JPY, Unemployment Rate (Sep) JPY, Overall Household Spending (YoY) (Sep) JPY

In other news in the media: 
 
Sun Pharmaceuticals has initiated a recall of over a million boxes of anti-allergic Loratadine drug from the US market after checks revealed the tablets were 'super potent' and 'out of specification.' (BS)
 
SKS Microfinance said Micro Units Development and Refinance Agency (Mudra) has sanctioned a refinance line of Rs 1bn to the company at 10% to extend finance to micro entrepreneurs. (BS)
 
Hero MotoCorp launched its new scooter 'Duet' in southern markets, with price starting at Rs 48,400 (ex-showroom Bangalore). (BL)
 
Oil and Natural Gas Corporation is expected to increase its upstream capital expenditure by 10% next year and intensify its exploration activities, taking advantage of the current depressed global energy market. (ET)
 
Ashoka Buildcon has bagged a contract worth $38.11mn from Maldives-based company Housing Development Corporation. (BL)
 
Vedanta ruled out raising the offer price for buying out its oil exploration arm Cairn India even as cyclical downturn in commodities has driven down share prices sharply since the merger announcement in June. (ET)
 
Natco Pharma said it has launched generic Hepcinat LP, which is in the treatment of chronic hepatitis C infection in adults, in Nepal. (ET)
 
Idea Cellular is in talks with China's TCL Communication to procure 4G-ready smart phones to support its soon to be launched high-speed broadband services in the country. (BS)
 
Wipro said it has won a five-year IT contract from Coop Norge Handel AS (Coop Norge), a leading retailer in Norway. Under the agreement, Wipro will transform Coop Norge's enterprise SAP software landscape and upgrade the company's data centre infrastructure, geared towards achieving superior performance. (ET)
 
InterGlobe Aviation, owner of budget airline IndiGo, filled the order book for its up to $464.3mn initial public offering in the second day of bookbuilding, signaling strong demand from investors. (BS)
 
India now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year, according to a World Bank report.
 
Reeling under debt of over Rs. 3tn, the Maharashtra Government is contemplating to take loans at 4% interest from foreign nations for developmental purposes, state Finance Minister Sudhir Mungantiwar has said.

TEN MOST ACTIVE FUTURES

Symbol	No.of Cont Traded	Last price	Open Interest	% chg in Op.Int
AXISBANK	82,532	483.70	10,292,000	-51.69
YESBANK	42,604	728.80	3,378,500	-58.24
RELIANCE	37,851	937.90	7,303,000	-32.35
TATAMOTORS	36,552	386.50	12,844,000	-35.27
HDFCBANK	35,221	1,113.35	7,450,250	-34.37
SBIN	35,045	242.75	25,192,000	-23.48
LUPIN	32,006	1,914.40	1,358,250	-44.93
INFY	29,942	1,152.05	3,830,750	-50.58
LT	29,294	1,494.00	3,180,250	-28.30
HDFC	28,809	1,267.15	3,055,000	-59.23

TEN MOST ACTIVE OPTIONS

	Option Type	Strike price	No.of Cont Traded	Open Interest	% Chg in Op.In
AXISBANK	CE	500	13,064	1,520,000	328.17
AXISBANK	PE	480	8,576	741,000	178.05
AXISBANK	CE	490	8,047	761,000	1,536.56
RELIANCE	CE	940	7,888	412,250	-15.17
LUPIN	PE	1,900	7,340	264,000	-44.24
MARUTI	CE	4,600	7,203	209,750	-14.26
MARUTI	CE	4,500	6,410	162,500	-27.25
LUPIN	CE	1,950	5,556	82,000	-16.54
MARUTI	CE	4,550	5,493	177,750	15.33
SBIN	CE	250	5,037	3,835,000	-0.08

SUPPORT & RESISTANCE LEVEL

Company Name	S3	S2	S1	Close	R1	R2	R3
Sensex Index	26,879	26,918	26,959	27,040	27,120	27,162	27,201
Nifty Index	8,120	8,133	8,146	8,171	8,197	8,210	8,222
ABB Ltd	1,253	1,258	1,263	1,274	1,284	1,290	1,295
ACC	1,380	1,385	1,390	1,400	1,410	1,415	1,420
Ambuja Cements	204	205	206	209	211	212	213
Bajaj Holdings	1,619	1,629	1,639	1,659	1,679	1,689	1,699
BHEL	209	210	211	213	214	215	216
Bharti Airte	353	354	355	358	361	362	363
Cipla	679	683	687	696	704	708	712
Dabur India	269	269	270	272	273	274	274
GAIL India	312	313	315	318	320	322	323
Grasim Ind.	3,671	3,677	3,682	3,693	3,703	3,709	3,714
HCL Tech	860	864	868	875	883	887	891
HDFC Bank	1,096	1,100	1,104	1,112	1,120	1,124	1,128
Hero Honda	2,600	2,605	2,612	2,624	2,636	2,642	2,648
Hindalco	84	84	84	84	85	85	85
Hindustan Unilever	810	812	814	817	821	823	825
ICICI Bank	264	266	268	272	275	277	279
Infosys Tech	1,138	1,141	1,145	1,151	1,158	1,162	1,165
ITC Ltd	351	352	353	355	356	357	358
L&T	1,481	1,484	1,486	1,491	1,497	1,499	1,502
MTNL	19	19	19	19	19	19	19
M&M	1,209	1,214	1,219	1,230	1,240	1,246	1,251
Maruti Suzuki	4,438	4,452	4,467	4,496	4,524	4,539	4,553
Mahindra Satyam	538	541	544	549	555	558	560
National Alumin	39	39	40	40	40	40	40
ONGC	246	247	249	252	255	256	257
Oriental Bank	134	135	136	137	138	139	139
PNB	127	128	129	131	132	133	134
Ranbaxy Labs	893	895	897	901	905	907	909
Reliance Capital	407	408	410	412	415	417	418
Reliance Comm	76	77	77	78	79	79	79
Reliance Energy	377	378	379	381	383	384	385
Reliance Inds	928	930	933	937	942	944	947
R Power	49	49	49	49	49	50	50
Siemens India	1,339	1,345	1,350	1,362	1,373	1,379	1,384
SBI	236	238	239	242	245	246	248
TCS	2,510	2,513	2,517	2,525	2,532	2,536	2,539
Tata Motors	381	382	383	386	389	390	391
Tata Power	69	69	69	70	70	70	71
Tata Steel	245	245	246	247	249	249	250
Tata comm	420	421	423	426	430	431	433
Wipro	571	573	575	578	582	584	586
Wire And Wireless	33	33	34	34	34	34	35
Zee Entertainment	414	416	417	420	423	425	426