31/10/26, US Financial Markets Report

 The Nasdaq Composite plunged 2.86% on Friday, marking its steepest single-day percentage decline since June 5, as disappointing quarterly results from Intel and Amazon intensified concerns over the enormous investments technology companies are making in artificial intelligence (AI) and how quickly they can generate returns.

The technology-heavy index shed 747.73 points to close at 25,437, while the S&P 500 dropped 1.82% to 7,580.07. The Dow Jones Industrial Average declined 572.25 points, or 1.09%, to settle at 51,770.31.

The Nasdaq has now fallen 7.8% from its record closing high of October 6, reflecting growing investor unease over the sustainability of the AI-driven rally. The S&P 500 and Nasdaq also ended October in the red, although the Dow managed to register a monthly gain.

The immediate trigger for Friday's selloff was a disappointing earnings-driven reaction to results from Intel and Amazon, released late Thursday. Intel shares crashed 28.6%, while semiconductor and server-making stocks faced heavy selling.

Nvidia declined 4.2%, Advanced Micro Devices (AMD) slumped 10.9%, and the broader semiconductor index shed 7.2%, taking its monthly losses beyond 15%. Server manufacturers Dell and HP fell 10.8% and 9.6%, respectively.

"It's fair to say that this week, not just today, has been very much about the future of AI and what that's going to look like, whether there will be a positive return on investment and if so, how quickly," Oliver Pursche, senior vice president at Wealthspire Advisors in New York, told Reuters.

"Companies that are performing and meeting the very lofty expectations that have been set are doing well. Those that are falling short and seem to be missing the mark or not executing as expected are getting punished," he added.

According to Reuters, more than $2 trillion in market value is set to disappear from the Nasdaq 100 in October, as Big Tech earnings have intensified scrutiny of the returns on AI investments. The index has declined more than 5.8% this month.

The concerns have grown as major cloud and technology companies continue to raise their spending projections. Meta Platforms, Alphabet and Amazon have signalled higher investments in AI infrastructure as they compete to expand computing capacity.

The prospect of sustained spending at such levels has also raised questions about how companies will finance their expansion, particularly as borrowing costs increase.

Meta's plans for a record $97.5-billion fundraise have added to concerns about potential shareholder dilution and the growing financial burden of its AI ambitions.

Microsoft, meanwhile, is reportedly considering raising around $25 billion through its first US investment-grade bond sale in more than nine years. Meta, Amazon and Alphabet have collectively issued hundreds of billions of dollars in bonds over the past four years, adding to investor concerns about the industry's growing reliance on debt.

Morgan Stanley expects capital expenditure on AI infrastructure to exceed $1 trillion next year. JPMorgan has forecast global AI-related capital spending could reach $5.5 trillion by 2030, with around $900 billion expected to be spent in 2026.

The concerns extend beyond infrastructure costs to the ability of technology companies to sustain growth in their core businesses.

According to Bloomberg, the advertising, consumer and retail operations that underpin the biggest US technology companies are showing signs of slowing, even as their combined AI investment commitments approach $750 billion this year.

Alphabet suffered its biggest-ever one-day percentage decline on Thursday after its results raised concerns over its core search advertising business and accelerating cash expenditure.

S&P Global Ratings has also taken an initial step towards potentially downgrading Meta's credit rating within the next two years, citing pressure on its balance sheet from elevated AI-related spending, Bloomberg reported.

Apple, meanwhile, reclaimed its position as the world's most valuable publicly traded company from Nvidia, as investors appeared to favour the iPhone maker amid concerns over the financial demands of the AI race.

However, not all technology companies have faced the same pressure. Microsoft and SpaceX have stood out from the broader gloom, with results indicating that investments in AI are beginning to translate into business returns.

Despite the market reaction, corporate earnings across the broader S&P 500 have remained relatively strong. Of the 299 companies that had reported third-quarter results, 82% had exceeded consensus estimates, according to LSEG data cited by Reuters. Analysts are now expecting earnings growth of 31.6% year-on-year for the quarter.

Outside technology, energy stocks were among the relative gainers on Friday after Exxon Mobil and Chevron reported quarterly profits above market expectations.

Both companies benefited from stronger refining margins amid disruptions to global energy supplies linked to the US-Israeli war with Iran and the Russia-Ukraine conflict. Exxon Mobil rose 2.2%, while Chevron gained 2.8%.

Cryptocurrency-linked stocks, however, came under pressure following reports that hackers had stolen $6.3 billion from Binance, the world's largest cryptocurrency exchange.

Coinbase, Strategy and Robinhood declined between 7.2% and 10.6%.

The broader market's weakness was also reflected in trading breadth. On the New York Stock Exchange, declining stocks outnumbered advancing shares by a ratio of 1.8 to 1. On the Nasdaq, the ratio widened to approximately 3 to 1, with 3,622 stocks falling against 1,196 advancing.

Trading volumes across US exchanges reached 19.87 billion shares, compared with the 20-day average of 17.26 billion.

Report by with inputs from NewsAgencies by Network18

31/10/26, Reliance Industries.. Q2 results

Reliance Industries Ltd reported its strongest-ever quarterly financial performance in the September quarter, with record revenue, EBITDA and net profit, as robust performance in its oil-to-chemicals business and growth in digital services and retail drove a 28 percent increase in revenue.

Consolidated revenue rose to a record Rs 3.62 lakh crore in the fiscal second quarter. EBITDA grew 24 percent to an all-time high of Rs 62,409 crore, while net profit increased 34 percent to a record Rs 29,550 crore. The company's net profit for the first half of FY27 crossed Rs 50,000 crore for the first time.

Reliance Industries  incurred capital expenditure of Rs 38,153 crore during the quarter, funding projects in its oil-to-chemicals and new energy businesses, while expanding infrastructure and distribution networks across its consumer businesses. Net debt stood at Rs 1.17 lakh crore at the end of September, down from Rs 1.23 lakh crore at the end of June. The net debt-to-EBITDA ratio improved to 0.47 times.

Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, said: "During 2Q FY27, our businesses delivered a strong performance despite a complex operating environment. Commodity markets remained volatile while geopolitical tensions continued to weigh on global supply chains. Against this backdrop, the domestic orientation of our portfolio, combined with operational discipline and versatility of our integrated businesses, helped Reliance navigate external volatility effectively."

Jio Platforms lists after record IPO

 Reliance's digital services business recorded growth in revenue and earnings during the quarter, with Jio Platforms Ltd reporting revenue of Rs 47,485 crore, up 11.3 percent year on year. Growth was driven by subscriber additions, higher average revenue per user (ARPU) and expansion in digital services.

Jio Platforms' EBITDA rose 16.6 percent to Rs 21,879 crore, while its EBITDA margin expanded 250 basis points to 54.1 percent.

The quarter also saw Jio Platforms make its stock market debut on October 28, following an initial public offering that raised Rs 30,188 crore. The IPO, the largest in India's history, was subscribed more than 22 times. Jio Platforms is now the country's second-most valuable listed company.

Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, said: “This week marked a historic moment in Reliance's value creation journey with Jio's record-setting listing on Indian bourses. With over 22x subscription, and strong listing appreciation, the issue has set multiple global benchmarks. JPL is now India's second largest company. It demonstrates the depth of confidence investors place in Jio's solid foundation and strong growth visibility."

Jio's total subscriber base exceeded 542 million, with net additions of 9.1 million during the quarter. Its 5G subscriber base reached 300 million, an increase of 66 million over the past 12 months. 5G accounted for about 56 percent of total wireless traffic.

Fixed broadband subscribers reached 30 million, including 15.1 million JioAirFiber users. JioAirFiber accounted for more than 75 percent of fixed broadband net additions over the past 12 months.

ARPU increased 3.5 percent year on year to Rs 218.8, supported by a better subscriber mix and positive seasonality. Data traffic grew 22.1 percent to 71 exabytes, with average monthly consumption per user at 44.2 GB. Monthly churn remained stable at 1.6 percent.

Akash M Ambani, Managing Director of Jio Platforms Limited, said: "This quarter's results continue to reflect the strength of our 5G network, and the growing reach of our broadband and digital services. We would continue to build our capabilities across satellite communications, 6G intellectual property and AI embedded in our core voice and data services as we create lasting value for our stakeholders."

He added that Jio is the only player in the country with a full-stack technology across seven layers, with deep engineering and proprietary IP contributions. “We have unmatched distribution capabilities, both on the consumer side and on the enterprise side,” he added.

On international opportunities, Akash Ambani said Jio will be very selective about international markets. “We will not be selling our proprietary stacks as a hardware commission or our software as a SaaS service. What we imagine the business model here to be is to be an actually managed service partner with our customers. It's not going to be a heavy capex rollout. You won't see us going and putting up towers and fibre and infrastructure only,” he said.

During the quarter, Jio showcased Jio Call Agent, an AI-powered call assistant, and JioFrames, AI-native smart camera frames, at the India Mobile Congress 2026. It also launched JioShield, a family-safety app, as part of its 10th anniversary celebrations.

JioStar revenue grows

JioStar's revenue from operations increased 10.1 percent year on year to Rs 6,806 crore despite a weak advertising environment. EBITDA from operations stood at Rs 1,372 crore, with a margin of 22.1 percent.

JioHotstar averaged about 440 million monthly active users during the quarter, up 10 percent from a year earlier. The platform also relaunched internationally as JioHotstar in Singapore, the UK and Canada.

The England-India cricket series became the biggest bilateral overseas series ever on JioHotstar. Wimbledon, the US Open and the Premier League maintained stable viewership, with stronger monetisation.

Reliance Retail revenue rises 6.4%; festive calendar shift affects performance

Reliance Retail Ventures Ltd (RRVL) reported a 6.4 percent year-on-year increase in gross revenue to Rs 91,716 crore, adjusted for the demerger of the Consumer Brands business. The company's performance was affected by the shift in the festive calendar to the December quarter.

EBITDA, before a one-time impairment charge, stood at Rs 6,228 crore, with a margin of 7.8 percent. The 120-basis-point moderation in margin reflected the timing of the festive season, absorption of input-cost inflation and continued investment in scaling its business-to-business and digital commerce operations.

Isha M Ambani, Executive Director, Reliance Retail Ventures Limited, said: “Our customers' trust and continued engagement across our stores and digital platforms remain central to our growth. We are building a future-ready retail business by combining our extensive physical network with digital convenience, technology, and a deep understanding of Indian consumers. The new model with fast growing Digital Commerce and B2B channels is working and funded by the profits of offline business."

Reliance Retail opened 303 stores during the quarter, taking its total store count to 19,947. Its operating area stood at 77.5 million sq ft. Transactions grew 7 percent year on year despite major festivals shifting to the third quarter.

In grocery, like-for-like growth was 3 percent. The company launched its Smart 2.0 format with AI-enabled ordering, while business-to-business revenue grew 10 percent. JioMart recorded 42 percent revenue growth, driven by higher average order values and a 24 percent increase in units per order. Its network expanded to more than 5,000 stores across over 1,000 cities.

The consumer electronics business recorded 8 percent like-for-like growth, led by mobiles, laptops and IT peripherals, and appliances. Fashion and lifestyle registered like-for-like growth of 3 percent, while AJIO's catalogue expanded 23 percent to 3.3 million options. Reliance Retail also launched Fabletics and signed an exclusive partnership with SKIMS.

“We made a conscious call to significantly grow our online business, invest in the infrastructure and the technology there, and the benefits of that scale will come in the next couple of years,” said Dinesh Taluja, CFO, Reliance Retail

Taluja added that several macro factors are impacting demand, even as the company is confident of strong sales in Q3 driven by the festive season, which has shifted largely into Q3 this year.

O2C biz posts record quarterly earnings

Reliance's oil-to-chemicals (O2C) business delivered its strongest-ever quarterly performance, with revenue rising 44.2 percent year on year to Rs 2.32 lakh crore, led by sharply higher crude oil and product prices.

EBITDA surged 67.9 percent to an all-time high of Rs 25,203 crore, while the EBITDA margin expanded 160 basis points to 10.9 percent.

Transportation fuel cracks, a measure of refining margins, rose 3 to 3.7 times from a year earlier and reached historic highs. Margins in the polyester business reached a three-year high, helped by a 15 percent increase in the spread between paraxylene (PX) prices and its raw material costs, and a 52 percent rise in the spread for purified terephthalic acid (PTA), an intermediate product made from paraxylene and used in polyester manufacturing.

Crude oil prices rose 40.6 percent year on year, while downstream chemical product prices increased 25 to 35 percent.

The company said earnings growth was constrained by continued costs related to the special additional excise duty (SAED) on exports and under-recoveries in domestic fuel retailing by Jio-bp.

Reliance achieved record crude processing volumes despite disruptions in the Strait of Hormuz, sourcing crude from Europe, Latin America and North America. The company said this helped India meet domestic fuel demand without resorting to imports.

Jio-bp expanded its network to 2,304 fuel retail outlets. Combined petrol and diesel volumes rose 4.2 percent year on year, while electric vehicle charging volumes under Jio-bp Pulse increased 60 percent to 15.8 GWh.

“We have a structurally positive view on the O2C segment. Downstream has been enormously valuable for us. Our crude sourcing has shifted to the Americas and the Mediterranean region,” said Srikanth Venkatachari, CFO, Reliance Industries.

Commenting on Reliance's new energy business, Venkatachari said that the business is accelerating and that it will start contributing to revenue from FY28.

Oil and gas earnings marginally lower

Revenue from the oil and gas segment was broadly stable at Rs 6,020 crore. Lower gas production and price realisation from the KG-D6 fields were largely offset by higher condensate price realisation and improved coal-bed methane (CBM) volumes and pricing.

EBITDA declined 2 percent to Rs 4,901 crore. A favourable movement in exchange rates partly offset lower revenue and higher government levies.

CBM production increased 23.6 percent year on year. The company said its multi-lateral well campaign was progressing, with 37 of the planned 40 wells drilled and 35 connected to production.

Average production during the quarter was 24 million standard cubic metres a day of KG-D6 gas and about 15,903 barrels a day of oil and condensate.

“The margin environment has been pretty strong, with tightness in product markets. Structural supply constraints continue. On the crude side there is a lot of dislocation happening. However, movement through Strait of Hormuz has improved,” said Srinivasan T, Chief Operating Officer, O2C (Refining), Reliance Industries.

He added that the loss of refining capacity in the Middle East and Russia is driving prices. “Brent has ranged from $72 per bbl to $130/bbl, causing higher opex,” he said

30/10/26, Godrej Consumer Products

Shares of Godrej Consumer Products Ltd (GCPL) plunged over 7 percent to a four-year low of Rs 777.20 on Friday, October 30, on the NSE, as investors weighed the company's July-September quarter earnings against mounting concerns over higher input costs, deteriorating microeconomic condition, margin pressure and a pending leadership appointment for its India business.

The Godrej Group stock opened at Rs 815 and fell 7.14 percent from its previous close of Rs 837 to hit an intraday low of Rs 777.20 on the NSE, its lowest level in over four years. It eventually pared some losses to settle 2.27 percent lower at Rs 818.10. The stock was the top loser on the Nifty FMCG index, which closed 0.53 percent lower at close.

 Godrej Consumer Products shares have fallen nearly 5 percent so far in October and 26.80 percent over the past one year. The stock is down 34.46 percent on year-to-date basis.

GCPL Q2 results

The selloff came despite the fast-moving consumer goods (FMCG) major reporting the highest on-year rise in its net profit in the last six quarters for the September quarter, in which its bottom line declined for two quarters. It reported a 13.84 percent year-on-year increase in its consolidated net profit to Rs 522.92 crore for the September quarter of FY27, driven by volume growth. It had posted a net profit of Rs 459.34 crore in the July-September quarter a year ago

However, rising input costs and concerns over the sustainability of margin recovery have tempered investor sentiment. The absence of a new chief executive officer for the company's India business remains another overhang.

Total revenue from operations rose 19 percent to Rs 4,413.09 crore in Q2 FY27, against Rs 3,708.19 crore in the corresponding period of the preceding fiscal.

In Q2 FY27, consolidated sales grew by 19 percent YoY on the back of underlying volume growth of 8 per cent, the company said in its earnings statement.

The FMCG major reported a 12 percent YoY growth in EBITDA (earnings before interest, taxes, depreciation, and amortisation). Total expenses of GCPL stood at Rs 3,758.26 crore, up 20.6 per cent YoY, in the second quarter of FY27.

Brokerages on GPCL share: HSBC retains Hold; CLSA remains cautious

Brokerages offered a mixed outlook on GCPL after the earnings announcement, with concerns over inflation and margins offset by confidence in its volume growth and full-year guidance.

HSBC on GPCL share: Hold, Target price Rs 960

Brokerage firm HSBC has maintained a ‘Hold' rating on the stock with a target price of Rs 960. The brokerage noted that India and consolidated volume growth remained stable at 7 percent and 8 percent, respectively, while EBITDA growth came in at 12 percent YoY. Africa emerging as the company's top-performing region.

HSBC believes GPCL is on course to meet FY27 guidance, but rising inflation continues to pose a headwind, especially for India margins. The brokerage made modest EPS revisions but retained ‘Hold' as management change and raw material overhang cloud outlook.

CLSA on GCPL share: Underperforms, Target price Rs 747

CLSA, meanwhile, maintained its ‘Underperform' rating with a target price of Rs 747. The brokerage noted that consolidated sales growth was at 19% YoY, or 15% in constant currency terms. However, raw material inflation led to a 500-bps standalone gross margin contraction YoY, despite pricing growth of 6%.

Consolidated EBITDA was in line with CLSA's estimates but 2% below consensus expectations. The brokerage also said that GCPL highlighted further aggressive pricing increase in the soaps and detergents portfolio as both businesses retain normal margins.

GPCL has maintained guidance of double-digit consolidated revenue and Ebitda growth in FY27.

Emkay on GPCL share: Buy, Target price Rs 1,250

Emkay Global Financial Services reduced its target price on GCPL by 12 percent to Rs 1,100 from Rs 1,250, while maintaining its ‘Buy' recommendation.

The brokerage expects the company's revenues to grow 12 percent at a compounded annual rate. The company's guidance for "double-digit" sales and earnings before interest, tax, depreciation, and amortisation for 2026-27 (Apr-Mar) is achievable, Emkay Global said.

Looking forward, the company's management expects to maintain its consolidated double-digit growth in revenue and earnings before interest, tax, depreciation, and amortisation in the second half of the current financial year, through cost savings, price hikes and investing in brands. The company's management expects detergent growth to remain strong, due to formalisation and migration from powders to liquids. While soaps continue to face pricing issues due to severe raw material inflation. This could be offset by growth in other segments, it said.

Equirus Securities: Long, Target price Rs 1,087 with 30% upside

Equirus Securities maintained a ‘Long' rating on GCPL with a target price of Rs 1,087, implying an upside potential of around 30 percent.

Motilal Oswal on GPCL share: Buy, Target price Rs 1,050 with 25% upside

Motilal Oswal Financial Services retained its ‘Buy' outlook on GCPL with a target price of Rs 1,050, implying an upside potential of around 25 percent. The brokerage maintained its earnings-per-share estimates for FY27-FY29 and expects the company to deliver high-single-digit underlying volume growth (UVG) in India alongside double-digit consolidated revenue and EBITDA growth in FY27.

It expects GAUM continue to deliver strong growth and profitability, while Indonesia's momentum to remain healthy. “Elevated commodity inflation is likely to keep near-term margins under pressure. However, calibrated pricing and cost-saving initiatives should support absolute EBITDA growth, with margin recovery hinging on pricing realization and input-cost trends,” it said.

It expects revenue and EBITDA to grow at compound annual growth rates of 14% and 13%, respectively, over FY26-FY29

Written by Sharmeeli Mallik 

Source : Network18 

30/10/26, INDEX LEVELS

30/10/26, Motilal&Oswal Financial services

Motilal Oswal Financial Services Ltd on Thursday reported a three-fold jump in consolidated profit after tax to Rs 1,081 crore for the September quarter of FY27, driven by strong growth in its asset management business.

The company had posted a profit after tax of Rs 363 crore in the year-ago period.

Revenue from operations increased to Rs 3,042 crore in the July-September quarter of the current fiscal, from Rs 1,850 crore a year ago, the diversified financial services company said in a stock exchange filing.

The Asset Management (AMC and MO Alternates) business reported a 69 percent year-on-year jump in net profit to Rs 304 crore, emerging as the largest contributor to profit.

Total assets under management (AUM) grew 26 percent year-on-year to around Rs 2.23 lakh crore.

 "Q2FY27 reflects the deliberate shift in our earnings mix. Asset Management is now our largest profit pool, and two-thirds of our revenue is recurring, which makes our earnings more resilient through market cycles," said Motilal Oswal MD & CEO of MOFSL.

During the quarter, the firm, which has businesses spanning broking, wealth management, asset management, investment banking and lending, received SEBI's approval to act as a custodian of securities, completing another part of its institutional services offering.

It plans to commence operations in the fourth quarter of FY27, subject to meeting operational readiness requirements.

Report by PTI

30/10/26, IIFL Capital

IIFL Capital has launched a block deal in Sagility Ltd for up to $249.6 million (around Rs 2,377 crore).

The offer price could be around Rs 42.45 per share, which is a 4.94 percent discount to the closing price on October 29. Promoter Sagility B.V. is expected to be seller in a block deal, likely offloading around 12 percent of total equity in the company.

Sagility's promoter Sagility B.V. had sold a 16.43 percent stake through a bulk deal in November 2025, reducing its shareholding to 50.95 percent.

The deal is being run by IIFL Capital.

Meanwhile, Sagility, the tech-enabled healthcare focused solutions and services provider to US health insurance companies, recorded profit of Rs 284.2 crore for quarter ended September 2026, growing 13.3 percent from Rs 250.8 crore.

Revenue from operations increased 22.5 percent to Rs 2,032.1 crore, compared to Rs 1,658.5 crore in the same period.

Report by Khushi Keswani 

Source:Network18

30/10/26, Today's Market

The Nifty 50 staged a strong recovery on October 29, rising more than 1 percent to decisively cross its 20-day EMA at 22,824, following a pause in US Federal Reserve rate hikes and some easing in oil prices. Momentum indicators also showed signs of improvement. However, the broader technical structure remains bearish, with the index trading below its 50-day and 200-day EMAs. Going forward, a sustained move above the 22,800 level will be crucial for further upside towards 23,000–23,200, a key resistance zone that coincides with the 50-day EMA at 23,164. On the downside, a break below 22,800 could see the index test support at 22,700, followed by 22,500, which remains a crucial support level, experts said.

Here are important points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty50 (22,937)

 Resistance based on pivot points: 22,968, 23,040, and 23,157

Support based on pivot points: 22,735, 22,663, and 22,547

Special Formation: The Nifty 50 formed a long bullish candle on the daily charts following an indecisive patterns, indicating the emergence of strong buying interest. The index climbed above its 20-day EMA and the midline of the Bollinger Bands but continued to trade below its 50-day and 200-day EMAs, both of which were sloping downward. The RSI rose to 50.85 and sustained its bullish crossover, while the MACD maintained its uptrend above the signal line. The histogram also formed a dark green bar after contracting over the previous six sessions. These indicators suggest improving bullish momentum, although the broader trend remains cautious.

2) Key Levels For The NiftyBank (54,910)

Resistance based on pivot points: 55,002, 55,222, and 55,578

Support based on pivot points: 54,290, 54,070, and 53,714

Resistance based on Fibonacci retracement: 55,128, 55,538

Support based on Fibonacci retracement: 54,035, 52,784

Special Formation: The Bank Nifty surged 1.18 percent and formed a long bullish candle on the daily timeframe for the second consecutive session, indicating that bulls are steadily gaining strength. The index reclaimed the 50 percent Fibonacci retracement level of its recent decline from 56,065 to 53,626 but failed to surpass its 20-day EMA and the midline of the Bollinger Bands. It also continued to trade well below its 50-day and 200-day EMAs. The RSI climbed to 47.06, sustaining its bullish crossover, while the MACD appeared poised for a positive crossover. The MACD histogram's red bar also shrank significantly after expanding over the previous three sessions. These indicators suggest improving bullish momentum and the possibility of further recovery, although the index needs to reclaim its key moving averages to strengthen the near-term outlook.

3) Nifty Call Options Data:

According to the weekly options data, the maximum Call open interest was seen at the 23,500 strike (with 1.18 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,400 strike (81.42 lakh contracts) and 23,000 strike (80.33 lakh contracts).

Maximum Call writing was observed at the 23,500 strike, which saw an addition of 39.14 lakh contracts, followed by the 23,400 and 23,300 strikes, which added 33.68 lakh and 18.9 lakh contracts, respectively. The maximum Call unwinding was seen at the 22,700 strike, which shed 28.83 lakh contracts, followed by the 22,800 and 22,750 strikes, which shed 17.93 lakh and 13.28 lakh contracts, respectively.

4)Nifty Put Options Data:

On the Put side, the 22,700 strike holds the maximum Put open interest (with 91.99 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 22,800 strike (85.05 lakh contracts) and the 22,600 strike (76.58 lakh contracts).

The maximum Put writing was placed at the 22,800 strike, which saw an addition of 58.24 lakh contracts, followed by the 22,900 and 22,700 strikes, which added 45.09 lakh and 40.99 lakh contracts, respectively. There was hardly any Put unwinding seen in the 22,550-23,500 strike band.

5)Nifty Bank Call Options Data:

According to the monthly options data, the maximum Call open interest was seen at the 56,000 strike, with 10.87 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,000 strike (10.45 lakh contracts) and the 55,500 strike (6.5 lakh contracts).

Maximum Call writing was observed at the 54,900 strike (with the addition of 50,760 contracts), followed by the 55,200 strike (39,780 contracts) and 56,500 strike (37,980 contracts). The maximum Call unwinding was seen at the 55,000 strike, which shed 98,730 contracts, followed by the 54,500 and 54,300 strikes, which shed 60,390 and 50,010 contracts, respectively.

6) Nifty Bank Options Data:

On the Put side, the 55,000 strike holds the maximum Put open interest (with 10.74 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 54,000 strike (7.13 lakh contracts) and the 56,000 strike (6.38 lakh contracts).

The maximum Put writing was placed at the 54,500 strike (which added 99,720 contracts), followed by the 54,900 strike (67,050 contracts) and 54,700 strike (62,160 contracts). The maximum Put unwinding was seen at the 54,100 strike, which shed 23,910 contracts, followed by the 53,700 and 53,800 strikes, which shed 9,690 and 4,170 contracts, respectively.

7) Funds Flow (Rs in crores) 

8) Put-Call Ratio 

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped to 1.31 on October 29, compared to 1.07 in previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India Vix

The India VIX, also known as the fear index, fell 6.94 percent to 15.11, extending its decline for the third consecutive session and offering some relief to the bulls. However, the index needs to fall below the 13 mark for bulls to move into a comfort zone and for greater stability to emerge in the market.

Report prepared by Sunil Sankar Matkar 

Source: Network18