Trading Idea for 02 Nov 20 (Monday): Important data to know before market opening

The nifty Support level is placed at 11550 followed by 11475. If Nifty starts going up, then the resistance level will be 11750 and 11810. While the Bank Nifty support level is placed at 23550 and 23300. If Bank Nifty starts going up, then the resistance level will be 24100 and 24500.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 870.88 crore while Domestic Institutional Investors bought shares of Rs. 631.11 crore in Indian equity market on October 30, as per data NSE data.

F&O Ban on NSE

No security is under the F&O ban for tomorrow (Nov 02).

Latest Corporate Action

• Axis Bank  – S&P Global Rating has given its outlook on the rating that has undergone revision from B to BB+ with stable implications, maintaining an Issuer credit rating.
• Likhitha Infrastructure Limited –  Q2 Profit at Rs. 536.70 lakhs versus Rs. 455.08 lakhs, Revenue at Rs. 4146.76 lakhs versus Rs. 3872.18 lakhs, Other Income at Rs. 19.08 lakhs versus Rs. 23.93 lakhs YoY.

• Fineotex Chemical Limited –  Q2 Profit at Rs. 1100.73 lakhs versus Rs. 659.46 lakhs, Revenue at Rs. 5474.55 lakhs versus Rs. 5104.42 lakhs, Other Income at Rs. 380.88 lakhs Profit versus Rs. 70.99 lakhs loss YoY.

• IDFC First Bank –  Q2 Profit at Rs. 10141.07 lakhs versus Rs. 67950.12 lakhs loss, Interest Earned at Rs. 380067.91 lakhs versus Rs. 401816.00 lakhs, Other Income at Rs. 16844.30 lakhs Profit versus Rs. 34895.90 lakhs Profit ,Gross NPA at 1.62% versus 2.62%, Net NPA at 0.43% versus 1.17% YoY.

• Tanla Solution Limited –  Q2 Profit at Rs. 8147.31 lakhs versus Rs. 4701.42 lakhs loss, Revenue at Rs. 58324.67 lakhs versus Rs. 48716.43 lakhs, Other Income at Rs. 474.47 lakhs Profit versus Rs. 171.83 lakhs YoY.

• DCB Bank –  Q2 Profit at Rs. 82.29 crore versus Rs. 91.41 crore, Interest Earned at Rs. 878.45 crore versus Rs. 879.20 crore, Other Income at Rs. 92.53 crore Profit versus Rs. 101.39 crore Profit ,Gross NPA at 2.27% versus 2.09%, Net NPA at 0.83% versus 0.96% YoY.

• ICICI Bank –  Q2 Profit at Rs. 4251.33 crore versus Rs. 654.96 crore, Interest Earned at Rs. 19622.46 crore versus Rs. 18595.30 crore, Other Income at Rs. 4028.31 crore Profit versus Rs. 4194.22 crore Profit ,Gross NPA at 5.17% versus 6.37 %, Net NPA at 1.00 % versus 1.60 % YoY.

• IFB Agro Industries Limited –  Q2 Profit at Rs. 1667.52 lakhs versus Rs. 1422.23 lakhs, Revenue at Rs. 45210.01 lakhs versus Rs. 53513.62 lakhs, Other Income at Rs. 301.72 lakhs Profit versus Rs. 219.32 lakhs YoY.

• Relaxo Footwears Limited –  Q2 Profit at Rs. 25.25 crore versus Rs. 3.76 crore, Revenue at Rs. 575.87 crore versus Rs. 621.77 crore, Other Income at Rs. 5.04 crore Profit versus Rs. 1.65 crore Profit YoY.

• Unichem Laboratories Limited –  Q2 Profit at Rs. 3033.87 lakhs versus Rs. 2486.38 lakhs loss, Revenue at Rs. 31093.18 lakhs versus Rs. 25414.64 lakhs, Other Income at Rs. 1041.11 lakhs Profit versus Rs. 29.4.90 lakhs YoY.