Trading Idea for 03 Nov 20 (Tuesday): Important data to know before market opening

The nifty Support level is placed at 11575 followed by 11490. If Nifty starts going up, then the resistance level will be 11745 and 11810. While the Bank Nifty support level is placed at 24300 and 23550. If Bank Nifty starts going up, then the resistance level will be 25325 and 25750.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 740.61 crore while Domestic Institutional Investors sold shares of Rs. 533.97 crore in Indian equity market on November 02, as per data NSE data.

F&O Ban on NSE

No security is under the F&O ban for tomorrow (Nov 03).

Latest Corporate Action

• Karur Vysya Bank  – Crisil Rating has given its outlook on the rating that has undergone revision from CRISIL A1+ to CRISIL A1+ with maintaining on certificate of deposits programme.

• Oracle Financial Services Software Limited –  Q2 Profit at Rs. 3785.86 million versus Rs. 3608.37 million, Revenue at Rs. 8564.53 million versus Rs. 8489.23 million, Other Income at Rs. 228.33 million versus Rs. 346.75 million YoY.

• Gulshan Polyols Limited –  Q2 Profit at Rs. 1712.53 lakhs versus Rs. 573.63 lakhs, Revenue at Rs. 20860.79 lakhs versus Rs. 17660.98 lakhs, Other Income at Rs. 34.81 lakhs Profit versus Rs. 11.46 lakhs Profit YoY.

• Shriram City Union Limited –  Q2 Profit at Rs. 25689 lakhs versus Rs. 29750 lakhs, Interest earned Rs. 136983 lakhs versus Rs. 143612 lakhs, Other Income at Rs. 194 lakhs Profit versus Rs. 101 lakhs profit YoY.

• Triveni Turbine Limited –  Q2 Profit at Rs. 2092 lakhs versus Rs. 4350 lakhs, Revenue at Rs. 18378 lakhs versus Rs. 24544 lakhs, Other Income at Rs. 482 lakhs Profit versus Rs. 521 lakhs profit YoY.

• KEI Industries Limited –  Q2 Profit at Rs. 682.17 millions versus Rs. 761.69 millions, Revenue at Rs. 10367.37 millions versus Rs. 12301.65 millions, Other Income at Rs. 36.18 millions Profit versus Rs. 42.92 millions profit YoY.

• Punjab  National Bank –  Q2 Profit at Rs. 62081 lakhs versus Rs. 50705 lakhs profit, Interest Earned at Rs. 2094584 lakhs versus Rs. 1329192 lakhs, Other Income at Rs. 249272 lakhs Profit versus Rs. 226469 lakhs Profit ,Gross NPA at 13.43 % versus 16.76 %, Net NPA at 0.19 % versus 0.24% YoY.

• Ramco Cement Limited –  Q2 Profit at Rs. 23577 lakhs versus Rs. 16815 lakhs, Revenue at Rs. 121671 lakhs versus Rs. 128235 lakhs, Other Income at Rs. 832 lakhs Profit versus Rs. 922 lakhs YoY.

Board Meeting on November 03

Adani Ports, Adani Gas, Ajanta Pharma, Muthoot Finance, Ramco System, PVR, Sun Pharma, Godrej Properties companies will declare their Q2FY21 results on November 03.