is a specialized agency of the United Nations responsible for international public health.

*Headquarters* : Geneva, Switzerland
*Founded* : 7 April 1948
Now *Tedros Adhanom* is the Director general of the World Health Organization

🛕 *VEDIK GYAN*

*Akshayapatra (अक्षयपात्र)* 🍚 meaning inexhaustible vessel, is an object from Hindu mythology. It was a wonderful vessel given to Yudishtira by Lord Surya which held a never-depleting supply of food to the Pandavas every day.

One day, Krishna suddenly came to visit the Pandavas when they are in forest, he visits Draupadi and ask for food, she was sitting and weeping in the kitchen. With tears in her eyes, Draupadi bowed her head before Krishna and showed him an empty pot in which she had cooked rice that morning and she did not have any more rice in the house. But Krishna said to her: "Thank you sister
Look carefully." Draupadi looked, and she found a single grain of rice stuck inside the pot. Krishna said "A single grain of rice, if offered to God with love and humility, becomes the beeja (primordial seed) which feeds and satiates the whole universe." He then ate that single grain of rice. This miraculous divine episode happened on the day which is commemorated as "Akshaya Tritiya" every year, and it occurs around the time of the spring harvest in April-May every year.

Krishna was very sorrowful to see the condition of his sister Draupadi and his cousins, the Pandavas, he then suggest to hymn 108 chants of lord Surya by Pandavas. Later tgey Blessed by Surya with an Akshaya Patra, the inexhaustable vessel.

🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

*Getting a runny nose*

A runny nose may be due to allergies, hay fever, or other causes. following home treatments can help to stop it:-

1. *Drinking fluids* and staying hydrated when dealing with a runny nose can be helpful if you also have symptoms of nasal congestion.

2. *Inhaling hot steam* has with vicks or zandu balm or Amrutanjan or Eucalyptus leaves oil or Camphor कर्पूर, help treat a runny nose.

*Eating spicy foods* . Hot spices like cayenne pepper, ghost pepper, habanero, wasabi, horseradish, or ginger are great options.

*The bottom line* : These approaches will only give you relief. Make sure to seek more direct treatment if you’re experiencing colds, viruses, and allergies.


*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF & YOUR FAMILY SAFE🌼* https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*SGX Nifty +56 pts (11729) from last trade 11673 ,*


Nikkei clsd ,
Hangseng +230 pts ,
Now @6.53am .


Dow +423.45 pts ,Nsdq +46.02 pts, S&P -40.28 pts , Bovespa Clsd  , Ftse +77 pts , Dax +231 pts , Cac +96 pts , Crude @ $37.08 brl (+0.27), Brent @ $39.24 brl (-0.00) , Gold @ 1895.70 (+2.90), Silver @ $24.155 (+0.122), Euro @ $1.1641, JPY @ $104.71, INR @ 74.525




*Today's Corporate Action*

*3rd Nov Ex Date*




AARTIDRUGS

Interim Dividend - Rs. - 2.5000

CROMPTON

Interim Dividend - Rs. - 3.0000

GUFICBIO

Final Dividend - Rs. - 0.0500

IRBINVIT

Income Distribution (InvIT)

KKCL

Interim Dividend - Rs. - 15.0000

MANINDS

Interim Dividend - Rs. - 2.0000

SAGCEM

Interim Dividend - Rs. - 2.0000

SEACOAST

Bonus issue 1:2

WAAREE

Bonus issue 2:5






*Today's Board Meetings*

*3-Nov-20*




AJANTPHARM

Interim Dividend;Quarterly Results

ATHARVENT

Quarterly Results

CARERATING

Interim Dividend;Quarterly Results

CHOLAHLDNG

Quarterly Results

COMMEXTECH

Quarterly Results

DABUR

Interim Dividend;Quarterly Results

DEEPAKFERT

General;Quarterly Results

DHANBANK

Quarterly Results

DYNAVSN

Quarterly Results

EIHAHOTELS

Quarterly Results

ELANTAS

Quarterly Results

EMPIND

Quarterly Results

EVERESTIND

Quarterly Results

GODREJPROP

Quarterly Results

GSFC

Quarterly Results

JAGRAN

Quarterly Results

JLMORI

Quarterly Results

JMCPROJECT

General;Quarterly Results

KANSAINER

Quarterly Results

KORE

Quarterly Results

LADIAMO

Quarterly Results

NATURAL

General;Quarterly Results

NEULANDLAB

Interim Dividend;Quarterly Results

NITTAGELA

Quarterly Results

ORIENTCQ

Quarterly Results

ORIENTREF

Quarterly Results

POLYCHEM

Quarterly Results

PREMIERPOL

Quarterly Results

PRSMJOHNSN

Quarterly Results

RAMCOIND

Quarterly Results

RAMCOSYS

General;Quarterly Results

RATNAMANI

Quarterly Results

SALZER

Quarterly Results

SCBL

Quarterly Results

SOFTSOL

A.G.M.;General;Quarterly Results

SUNPHARMA

Quarterly Results

TCI

Quarterly Results

UNIPHOS

Quarterly Results

VANDANA

Quarterly Results

VBL

Quarterly Results

 




*Stock under F&O ban on NSE*

*3-Nov-20*



None https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Economic Times*
*Business Standard*

Ø  Reliance to start gas production from R-Series field in November/December
Ø  Hospitality industry pleads for soft loan from government: FHRAI
Ø  Agricultural, Marine export bodies may move out of Commerce Ministry
Ø  Reliance Capital invites bids for sale of stake in subsidiaries to clear debt
Ø  National Investment and Infrastructure Fund acquires 2 Essel projects
Ø  Maharashtra government inks Rs 35,000-crore MoUs with 15 companies
Ø  Reliance EBITDA improves on rebound; balance sheet strengthened: Moody's
Ø  NCAER's business confidence index rises 41.1% in September quarter
Ø  NTPC board okays buyback of 197.8 million equity shares worth Rs 2,275 cr
Ø  Vedanta, Hindalco post wins in commercial coal auction; new players debut
Ø  Data industry to see $5 bln investment by 2025 on higher digitisation
Ø  RBI temporarily postpones circular on current account till December 5

*Business Line*
*Mint*

Ø  L&T bags construction order of bullet train project
Ø  Kalrock-Jalan consortium deposits ₹150 cr as first step to take ownership of Jet Airways
Ø  Manufacturing PMI at a 13-year high of 58.9 in October
Ø  Embassy REIT Q2 profit flat at ₹232.56 crore
Ø  Escorts Q2 net more than doubles to ₹227 crore
Ø  Zydus Cadila standalone net up 17% in Q2
Ø  BPCL eyes doubling bunkering oil sales volume to 14 tmt with terminal upgrade
Ø  PNB reports 18% decline in Q2 net profit on higher provisions
Ø  Tata Motors sales rise 27% to 49,669 units in Oct
Ø  CCI approves acquisition of Bharti AXA by ICICI Lombard
Ø  Escorts Ltd reports stellar growth as tractor sales continue to stay strong
Ø  Indian Oil says no plan for share buyback as of now

*Financial Express*
*Deccan Chronicle*

Ø  Microsoft's FY20 profit jumps 62% in India to Rs 625 cr even as expenses increase nearly 19%
Ø  BPCL eyes doubling bunkering oil sales volume to 14 tmt with terminal upgrade
Ø  Telecom sector revenue growth at 5% in Q2 on easing of lockdown curbs: Report
Ø  Manufacturing PMI expands to 13-year high in October, signals economic recovery
Ø  Centre to delink land held by 17 sick PSUs
Ø  India's economy worst-hit among emerging markets https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

Kunvarji: India Daybook – Stocks in News - 3 November 2020

Ramco Cement Q2: Profit at Rs 244.0 crore versus Rs 173.0 crore, revenue seen at Rs 1216.0 crore versus Rs 1282.0 crore YoY (positive)

PNB Q2: Profit at Rs 544.0 crore versus Rs 475.0 crore, Net NPA seen at 4.8% versus 5.39% QoQ (positive)

Cadila Q2: Profit at Rs 473.0 crore versus Rs 107.0 crore, revenue seen at Rs 3762.0 crore versus Rs 3244.0 crore YoY (Positive)

IFB IND Q2: Profit at Rs 28.8 crore versus Rs 23.3 crore, revenue seen at Rs 737.0 crore versus Rs 713.0 crore YoY (Positive)

Competition Commission approves acquisition of General Insurance Business of Bharti AXA by ICICI Lombard (Positive)

Monetisation of Reliance Capital's asset begins, Debenture Trustee calls for EoIs. (Positive)

Tata Motors registered domestic sales of 49,669 units in October 2020, a growth of 27% over last year (Positive)

NCC has received one new order for Rs.833 crore (Positive)

GEPIL to deliver NOx reduction system to NTPC Limited Barauni Thermal Power Plant (Positive)

Sterlite to acquire Optotec S.p.A, a leading Optical Interconnect Company (Positive)

Sun Pharama: Declared 5 years sustainability safety results for llumya (Positive)

SCI: Board of Directors on 6th Nov to discuss way forward for the proposed Disinvestment. (Positive)

Real Estate: residential sales in the Mumbai Metropolitan Region (MMR) rose 42% sequentially in October. (Positive)

FDC: Company has launched new strength variants of its Favipiravir brands – PiFLU and Favenza. (Positive)

L&T Emerges Lowest Bidder for One More Pkg for Mum-Ahmedabad Bullet Train Project (Positive)

NTPC Brd approves buyback at 115/sh premium of 29%. (Positive)

Automative Axles Q2: Profit at Rs 6.0 crore versus Rs 6.2 crore, revenue seen at Rs 169.0 crore versus Rs 200.0 crore YoY. (Neutral)

KEI Ind Q2: Profit at Rs 68.0 crore versus Rs 75.0 crore, revenue seen at Rs 1036.0 crore versus Rs 1230.0 crore YoY. (Neutral)

CUB Q2: Profit at Rs 157.0 crore versus Rs 154.0 crore, Net NPA seen at 1.81% versus 2.11% QoQ (Neutral)

ZEEL: Profit at Rs 93.0 crore versus Rs 412.0 crore, revenue seen at Rs 902.0 crore versus Rs 1224.0 crore YoY (Neutral)

Fine Organics: Profit at Rs 32.0 crore versus Rs 56.6 crore, revenue seen at Rs 270.0 crore versus Rs 274.0 crore YoY (Neutral)

NTPC: Profit at Rs 3494.0 crore versus Rs 3788.0 crore, revenue seen at Rs 27707.0 crore versus Rs 25708.0 crore YoY (Neutral)

Triveni Turbine: Profit at Rs 24.4 crore versus Rs 50.2 crore, revenue seen at Rs 185.0 crore versus Rs 247.0 crore YoY (Neutral)

JSW Holdings: Profit at Rs 39.5 crore versus Rs 76.2 crore, revenue seen at Rs 50.3 crore versus Rs 85.5 crore YoY (Neutral)

Shriram City Union Finance: The company reported a nearly 10 percent YoY fall in consolidated net profit at Rs 275.46 crore in Q2FY21. (Negative) https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

Morning Market News & Update - 3 November 2020

:small_blue_diamond:NTPC: Announces buyback of shares worth Rs 2,275.7 crore. Board to buyback 19.79 crore shares or 2% of the total equity. Buyback price of Rs 115 per share is a 28.9% premium to Monday's closing. Record date set as November 13. Board approves extension of Gurdeep Singh as chairman and managing director till July 2025.

:small_blue_diamond:Tata Motors: Domestic sales up 27% to 49,669 units in October.

:small_blue_diamond:Sterlite Tech: To acquire 100% stake in Italy’s Optotec for 29 million euros. The target company belongs to the optical telecommunications industry. The transaction is expected to be completed by end of the calendar year 2020.

:small_blue_diamond:Delta Corp: Casino operations to resume in Goa with immediate effect, in accordance with guidelines prescribed by the government.

:small_blue_diamond:ICICI Lombard: Competition Commission of India approves acquisition of general insurance business of Bharti Axa.

:small_blue_diamond:Supreme Petrochem: To establish a new line for production of polystyrene which may enhance the production capacity by 80,000 TPA. To also revamp EPS plant which will increase capacity 20,000 TPA. Expansion likely to be completed by December 2021 at a cost of Rs 250 crore. Funding will be done through internal accruals.

:small_blue_diamond:Hindalco: Bloomberg News reports that the company has emerged as the preferred bidder for Chakla coal block in the first round of commercial coal mining auctions.

:small_blue_diamond:NCC: Gets orders worth Rs 833 crore from mining division of Coal India's arm.

:small_blue_diamond:Adani Enterprises: Commenced Lucknow International Airport operations.

:small_blue_diamond:Prism Johnson: Joint Venture Antique Marbonite to close one of its production lines with a 3 MSM per annum capacity due to an ageing, unviable plant. The closure of capacit will not have any impact on overall sales of the HRJ division.

:small_blue_diamond:Shipping Corporation of India: To consider demerging non-core assets on November 6.
@stockmarketlover

:small_blue_diamond:Bandhan Bank: Board approved re-appointment of Chandra Shekhar Ghosh as managing director and chief executive officer of the Bank till July 2026. Application to RBI will be made.

:small_blue_diamond:Nifty Earnings Today: Adani Ports & SEZ, Sun Pharma

:small_blue_diamond:Non-Nifty Earnings Today: Ajanta Pharma, Dabur, Deepak Fertilisers, Godrej Properties, IIFL Finance, JSW Energy, Kansai Nerolac, Muthoot Finance, Prince Pipes, PVR, Varun Beverages

Pledged Share Details

:star:Adani Ports and SEZ: Promoter SB Adani Family Trust created pledge of 15.51 crore shares on October 29.

:star:Adani Transmission: Promoter SB Adani Family Trust created pledge 6.64 crore shares on October 29.

:star:Adani Green Energy: Promoter SB Adani Family Trust created pledge 91.28 lakh shares on October 29.

Who’s Meeting Whom

:sunny:UPL: To meet HDFC AMC, Azim Premji Investments and other investors on November 3.

:sunny:Sudarshan Chemical: To meet Ashmore Investment Management and ICICI Prudential Mutual Fund between November 3-5.

:sunny:Syngene International: To meet Columbia Threadneedle Investments on November 3.

Trading Tweaks

:boom:AGM: Gufic Biosciences.

:boom:Price Band Revised From 10% To 5%: Oil Country Tubular, Route Mobile, Aarey Drugs & Pharma.

:boom:Move Into ASM Framework: GE Power India, Bajaj Healthcare.

:boom:Move Into Short Term ASM Framework: Raj Oil Mills.

:boom:Move Out Of Short Term ASM Framework: Tejas Networks, Magma Fincorp, Websol Energy System.

Insider Trades

:fire:HFCL: Promoter MN Ventures acquired 10 lakh shares on November 2 @stockmarketlover

Money Market Update

:dizzy:The currency fell for the third straight day, ending at a two-month low of 74.44 against the U.S. Dollar as compared to Thursday's close of 74.11.

:dizzy:It was the second worst performing currency in Asia on Monday.

Bond mkt actions
Key highlights
Axis Fin raises money at 4.95%
L&T Fin raises money at 6.55%
Hero fincorp raises money at 6.38% & 6.

95%

Secondary mkt:
Shriram Transport & IndusInd Bank papers trade above 12.85% rate https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

Data - 03rd Nov

FIIs bought in cash, covered shorts in index futs & sold index options👍👀

Nifty futs saw unwinding in OI while BN futs added some OI👀

RELIANCE futs OI up 10%. IV jumped to 50% with huge builtup in options👀

Longs - ESCORTS, SRTRANSFIN, CHOLAFIN, GODREJPROP👍 https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

BULK DEAL AS ON 02-11-2020

FORTIS
- 80.50 LK @ 125.53 WF ASIAN SMALLER COMPANIES FUND LIMITED

PREMEXPLQ
- 2 LK @ 115 HDFC MUTUAL FUND

HSIL Limited
+ 4.60 LK @ 75.85 HSIL LIMITED https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

🇮🇳 *India Daybook*

🔹 *Stocks in News*

*Ramco Cement Q2:* Profit at Rs 244.0 crore versus Rs 173.0 crore, revenue seen at Rs 1216.0 crore versus Rs 1282.0 crore YoY (positive)

*PNB Q2:* Profit at Rs 544.0 crore versus Rs 475.0 crore, Net NPA seen at 4.8% versus 5.39% QoQ (positive)

*Cadila Q2:* Profit at Rs 473.0 crore versus Rs 107.0 crore, revenue seen at Rs 3762.0 crore versus Rs 3244.0 crore YoY (Positive)

*IFB IND Q2:* Profit at Rs 28.8 crore versus Rs 23.3 crore, revenue seen at Rs 737.0 crore versus Rs 713.0 crore YoY (Positive)

Competition Commission approves acquisition of General Insurance Business of *Bharti* AXA by *ICICI Lombard* (Positive)

Monetisation of Reliance Capital's asset begins, Debenture Trustee calls for EoIs. (Positive)

*Tata Motors* registered domestic sales of 49,669 units in October 2020, a growth of 27% over last year (Positive)

*NCC* has received one new order for Rs.833 crore (Positive)

*GEPIL* to deliver NOx reduction system to NTPC Limited Barauni Thermal Power Plant (Positive)

*Sterlite* to acquire Optotec S.p.A, a leading Optical Interconnect Company (Positive)

*Sun Pharama*: Declared 5 years sustainability safety results for llumya (Positive)

*SCI:* Board of Directors on 6th Nov to discuss way forward for the proposed Disinvestment. (Positive)

*Real Estate:* residential sales in the Mumbai Metropolitan Region (MMR) rose 42% sequentially in October. (Positive)

*FDC:* Company has launched new strength variants of its Favipiravir brands – PiFLU and Favenza. (Positive)

*L&T* Emerges Lowest Bidder for One More Pkg for Mum-Ahmedabad Bullet Train Project (Positive)

*NTPC* Brd approves buyback at 115/sh premium of 29%. (Positive)

*Automative Axles Q2:* Profit at Rs 6.0 crore versus Rs 6.2 crore, revenue seen at Rs 169.0 crore versus Rs 200.0 crore YoY. (Neutral)

*KEI Ind Q2:* Profit at Rs 68.0 crore versus Rs 75.0 crore, revenue seen at Rs 1036.0 crore versus Rs 1230.0 crore YoY. (Neutral)

*CUB Q2:* Profit at Rs 157.0 crore versus Rs 154.0 crore, Net NPA seen at 1.81% versus 2.11% QoQ (Neutral)

*ZEEL:* Profit at Rs 93.0 crore versus Rs 412.0 crore, revenue seen at Rs 902.0 crore versus Rs 1224.0 crore YoY (Neutral)

*Fine Organics:* Profit at Rs 32.0 crore versus Rs 56.6 crore, revenue seen at Rs 270.0 crore versus Rs 274.0 crore YoY (Neutral)

*NTPC:* Profit at Rs 3494.0 crore versus Rs 3788.0 crore, revenue seen at Rs 27707.0 crore versus Rs 25708.0 crore YoY (Neutral)

*Triveni Turbine:* Profit at Rs 24.4 crore versus Rs 50.2 crore, revenue seen at Rs 185.0 crore versus Rs 247.0 crore YoY (Neutral)

*JSW Holdings:* Profit at Rs 39.5 crore versus Rs 76.2 crore, revenue seen at Rs 50.3 crore versus Rs 85.5 crore YoY (Neutral)

*Shriram City Union Finance:* The company reported a nearly 10 percent YoY fall in consolidated net profit at Rs 275.46 crore in Q2FY21. (Negative) https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

_*ADR/GDR, Results, Pledges and Bulk deal*_

*Events*

· Second phase of Bihar state election, US Election (counting from 3.30pm IST and 36 hours for results outcome), Supreme Court Verdict on Loan Moratorium issue and Ajanta Pharma board meeting for share buy-back. Gufic Bioscience AGM

*ADR/GDR*

· Wipro down 1.5%, ICICI Bank up 10%, Reliance Industries down 6%, Tata Motor up 4%, Dr Reddy up 2%, Axis Bank gained 8%, SBI gained 3%

*Results*

· Adani Ports, Sun Pharma, Ajanta Pharma, Dabur, Deepak Fertilisers, Godrej Properties, IIFL Finance, JSW Energy, Kansai Nerolac, Muthoot Finance, Prince Pipes, PVR, Varun Beverages

*Pledged Share*

· Adani Ports and SEZ: Promoter SB Adani Family Trust created pledge of 15.51 crore shares on October 29.

· Adani Transmission: Promoter SB Adani Family Trust created pledge 6.64 crore shares on October 29.

· Adani Green Energy: Promoter SB Adani Family Trust created pledge 91.28 lakh shares on October 29.

*Bulk Deals*

· Fortis Healthcare: WF Asian Smaller Companies Fund sold 80.5 lakh shares (1.07%) at Rs 125.67 per share.

· Premier Explosives: HDFC Mutual Fund sold 2 lakh shares (1.86%) at Rs 115 per share.

*Insider Trades*

· HFCL:Promoter MN Ventures acquired 10 lakh shares on November 2

Who’s Meeting Whom

· UPL: To meet HDFC AMC, Azim Premji Investments and other investors on November 3.

· Sudarshan Chemical: To meet Ashmore Investment Management and ICICI Prudential Mutual Fund between November 3-5.

· Syngene International: To meet Columbia Threadneedle Investments on November 3.

· Results

Zee Entertainment- impressive Q2 results

· Zee Entertainment Q2FY21 Revenue down 18.8% to Rs 1,722.7 crore – expectation Rs1312cr

· Net profit down 77.2% to Rs 94.1 crore – expectation Rs30cr

· Ebitda down 57.2% to Rs 292.9 crore – expectation Rs220cr

· Ebitda margin at 17% from 32.2% - expectation 17%

· Lower sales and higher ad, other expenses impact margins

· Exceptional loss of Rs 97 crore this quarter as provisions against receivables from Siti Networks

· Advertising revenue down 26%

· Subscription revenue up 10.6% https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

Mukesh Ambani saw $6.5 billion wiped from his net worth as Reliance Industries’ shares tumbled the most in over 7 months following a drop in quarterly profit.
https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Pledged Share Details*

Adani Ports and SEZ: Promoter SB Adani Family Trust created pledge of 15.51 crore shares on October 29.

Adani Transmission: Promoter SB Adani Family Trust created pledge 6.64 crore shares on October 29.

Adani Green Energy: Promoter SB Adani Family Trust created pledge 91.28 lakh shares on October 29.

*Bulk Deals*

Fortis Healthcare: WF Asian Smaller Companies Fund sold 80.5 lakh shares (1.07%) at Rs 125.67 per share.

Premier Explosives: HDFC Mutual Fund sold 2 lakh shares (1.86%) at Rs 115 per share.

*Insider Trades*

HFCL: Promoter MN Ventures acquired 10 lakh shares on November 2 https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*NEWS DIGEST to START the Day (03 NOV 2020, Tuesday) 5 Minutes Read - updated at 0629HRS IST*

*World: 47,310,990; Death 1,210,983 (2.56%) Active 12,087,021 (26%) Recovery 34,012,986(72%)*

_India: 8,266,914; Death 123,139 (1.49%) Active 542,346 (7%) Recovery 7,601,429 (92%)_

IPL 2020: DC Beat RCB by 6 Wickets as Both Teams Qualify for Playoffs; RCB better run rate than KKR

*Lab Reports Say Negative": Air India as 19 of 58 Test +Ve; 39 asymptomatic On China Flight to Wuhan*

_A small UK study has found that "cellular immunity" to the pandemic SARS-CoV-2 virus is present after six months in people who had mild or asymptomatic COVID-19 infections_

CureVac, Germany: "Our Covid Vaccine (mRNA approach) Triggered Immune Response In Humans"

*DCGI rejects Dr Reddy's proposal seeking change in regulatory approval status for remdesivir from restricted emergency use to full marketing authorisation*

_Europe risks being hit with further waves of COVID infections next year, probably in vaccine absence_

Germany Shuts Down, Covid Crisis Deepens; Merkel Urges People to Heed Curbs for Virus 'Turnaround

*Indian Naval Ship Airavat arrives in Sudan with 100 Tonnes food aid as part of Mission Sagar-2*

_Mistakes Happen, But Army Earned Lot of Goodwill: J&K LG Manoj Sinha on Shopian 'Fake' Encounter_

Assam CM Writes to Amit Shah amid Rising Border Tension as 1 Die in Custody in Mizoram

*Supreme Court stays EC order on Kamal Nath, poll body has no power to decide campaigner status*

_As Bihar Gears Up to Vote in 2nd Phase, 'Friend' LJP May Shake Up BJP in Saffron Strongholds_

4,100 candidates applied for admission to Delhi University's (UG) courses under the 4th cut-off list

*Tata Steel announces new working models for employees with option to work from home 365 days*

_RBI extends deadline for banks' compliance with new guidelines for existing current accounts_

Onion Costliest at Rs 100/kg in Bengaluru, Lowest at Rs 35/kg in Udaipur and Rampurhat

*GST Shortfall: Centre to Transfer Rs 6,000 Crore to 16 States, 3 UTs in 2nd Tranche of Compensation*

_India's Manufacturing PMI Rises for 3rd Straight Month; Output Rises at Quickest Pace Since Oct 2007_

Kia Registers Its Highest Ever Monthly Sales with 21,021 Units; : Tata Motors Registers 27% growth

*Highways ministry relaxes rules to allow wider participation of domestic companies in road projects*

_China's Regulators Summon Alibaba's Jack Ma Ahead of $39.7 Bn Public Offer of His Ant Group_

Philippines: Airport Staff Find 119 Live Tarantulas (popular as exotic pets) Hidden Inside A Pair Of Shoes

*2 people, including one attacker, have been killed in a shooting in central Vienna; 6 shooting location*

_Several Students Among 22 Killed as Gunmen Attack Kabul University, IS Claims Responsibility_

US Presidential Elections Headed For A Tight Finish as margin between Trump & Biden sinking; US Judge Blocks Republican Bid To Void 1,27,000 Votes in Houston

*U.S. Supreme Court Hands Narrow Win To Black Lives Matter Activist Over Protest Incident*

_Priyanca Radhakrishnan becomes New Zealand’s 1st ever Indian-origin minister from 2017 MP intake_

Xi Jinping Government Removes Domes and Minarets From Mosque Under The Pretext Of ‘Renovation’

Today’s Word - *Ichthytaxidermy* - Fish taxidermy https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*GOOD MORNING*

*⛱TODAY MARKET UPDATES⛱*

⏩SGX Nifty indicate a positive opening for the index in India with a 82 points gain.

⏩The Nifty futures were trading at 11,752 on the Singaporean Exchange around 07:30 hours IST.

*⛱US MARKET UPDATES⛱*

⏩The Dow Jones Industrial Average rose 423.45 points, or 1.6%, to 26,925.05.

⏩The S&P 500 gained 40.28 points, or 1.23%, to 3,310.24 and

⏩The Nasdaq Composite added 46.02 points, or 0.42%, to 10,957.61.

*⛱NTPC BUYBACK OFFER: APPROVED⛱*

⏩NTPC is expected to trade actively today.

⏩NTPC board approved the buy back of 197.8 million equity shares at a price of Rs 115 per unit for a total consideration of Rs 2,275.74 crore.

⏩NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan.

⏩The company has fixed November 13, 2020 as the record date for the buyback.

👉NTPC CMP =89
👉BUYBACK PRICE =115
👉DISCOUNT = 26 = 26%

*⛱GLOBAL EDUCATION: BONUS ANNOUNCED = 31:10 RATIO⛱*

👉CMP = 195
👉LAST DATE TO BUY = 11th November
👉EX-DATE =12 th November
👉REC.DATE =16 th November

*⛱COAL INDIA STOCK UPDATE⛱*

⏩Coal India is bleeding but govt keeps pressuring to declare large dividends.

⏩Since September 2018, CIL's cash reserves have fallen over 17 per cent to Rs 28,446.83 crore

*RECOMMENDATION : STRONG BUY*

*⛱Q2 RESULTS FTD⛱*

⏩Sun Pharmaceutical Industries,
⏩Adani Gas, Adani Ports,
⏩Ajanta Pharma,
⏩CARE Ratings,
⏩Dabur India,
⏩Deepak Fertilisers,
⏩Dhanlaxmi Bank
⏩Kansai Nerolac Paints,
⏩Muthoot Finance,
⏩PVR,
⏩Ramco Systems,
EtC

*⛱IOC STOCK UPDATE⛱*

⏩State-owned Indian Oil Corporation (IOC), India's top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on November 2.

*⛱TATA MOTOR STOCK UPDATE⛱*

⏩Tata Motors: Company recorded higher domestic sales at 49,669 units in October against 39,152 units YoY.

*⛱STOCKS NEWS⛱*

⏩ *Bandhan Bank* Q2 net profit falls 5% to Rs 920 crore; NII rises 26%.

⏩ *Punjab National Bank* net profit rises 22% to Rs 621 crore in Sept quarter.

⏩ *PNB's pre-tax* profit surges by 54% to Rs 979 cr in Q2, PAT up 22%.

⏩ *RIL shares tank 9%*; m-cap tumbles over Rs 1 trillion after Q2 earnings.

⏩ *Escorts Q2* net more than doubles to ₹227 crore.

⏩ *Whirlpool India* net profit up 4.6% at ₹135 crore.

*⛱ICICI LOMBARD STOCK UPDATE⛱*

⏩ICICI Lombard General | CCI approved acquisition of general insurance business of Bharti AXA by ICICI Lombard.

*⛱NCC STOCK UPDATE⛱*

⏩NCC | Company has received one new order for Rs 833 crore in October..

*⛱RAMCO CEMENT STOCK UPDATE ⛱*

⏩Ramco Cements records highest-ever quarterly profit of ₹236 crore.

⏩The company’s profit after tax stood at ₹236 crore for the quarter ended September 30, 2020 compared to ₹168 crore in the year-ago period, registering an increase of 40 per cent

*⛱HDFC Q2 RESULTS UPDATE⛱*

⏩HDFC Q2 net profit tanks 28% YoY to Rs 2,870 crore, beats Street estimates.

⏩Overall, the assets under management stood at Rs 5,40,270 crore as against Rs 4,90,072 crore in the previous year. 

*⛱L&T STOCK UPDATE⛱*

⏩Larsen & Toubro might also be in focus after emerging as the lowest bidder for the C6 package of the National High-Speed Rail Corporation’s bullet train project, at Rs 7,289 crore.

⏩ This is the second contract for the company in the mega project.

*⛱EQUITAS SMALL BANK IPO LISTING⛱*

⏩Shares of Equitas Small Finance Bank on Monday debuted with a 6 percent discount against its issue price of Rs 33 and finally closed nearly 1 percent lower.

*ICICI Securities* https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

## Today's Corporate Action
AARTIDRUGS - 2.50
CROMPTON - 3.00
GUFICBIO - 0.05
KKCL - 15.00
MANINDS - 2.00
SAGCEM - 2.00
SEACOAST - Bonus issue 1:2
WAAREE - Bonus issue 2:5

## F&O Ban:
Nil

## Today’s Results:
Sun Pharma, Adani Gas, Adani Ports, Ajanta Pharma, CARE Ratings, Dabur India, Deepak Fertilisers, Dhanlaxmi Bank, Eris Lifesciences, Godrej Properties, Jagran Prakashan, JSW Energy, Kansai Nerolac Paints, Muthoot Finance, PVR, Ramco Systems, TCI, Varun Beverages
EARNINGS: (Sept. quarter; net income adj. ests in rupees)
Adani Ports (ADSEZ) 11.1b (group, 5 analysts)
Dabur India (DABUR) 4.43b (group, 18 analysts)
PVR (PVRL) loss 2.11b (group, 8 analysts)
Sun Pharma (SUNP) 11.2b (group, 8 analysts)

## Newspaper Headlines
Economic Times
Ø Reliance to start gas production from R-Series field in November/December
Ø Hospitality industry pleads for soft loan from government: FHRAI
Ø Agricultural, Marine export bodies may move out of Commerce Ministry
Ø Reliance Capital invites bids for sale of stake in subsidiaries to clear debt
Ø National Investment and Infrastructure Fund acquires 2 Essel projects
Ø Maharashtra government inks Rs 35,000-crore MoUs with 15 companies

Business Standard
Ø Reliance EBITDA improves on rebound; balance sheet strengthened: Moody's
Ø NCAER's business confidence index rises 41.1% in September quarter
Ø NTPC board okays buyback of 197.8 million equity shares worth Rs 2,275 cr
Ø Vedanta, Hindalco post wins in commercial coal auction; new players debut
Ø Data industry to see $5 bln investment by 2025 on higher digitisation
Ø RBI temporarily postpones circular on current account till December 5

Business Line
Ø L&T bags construction order of bullet train project
Ø Kalrock-Jalan consortium deposits ₹150 cr as first step to take ownership of Jet Airways
Ø Manufacturing PMI at a 13-year high of 58.9 in October
Ø Embassy REIT Q2 profit flat at ₹232.56 crore
Ø Escorts Q2 net more than doubles to ₹227 crore
Ø Zydus Cadila standalone net up 17% in Q2

Mint
Ø BPCL eyes doubling bunkering oil sales volume to 14 tmt with terminal upgrade
Ø PNB reports 18% decline in Q2 net profit on higher provisions
Ø Tata Motors sales rise 27% to 49,669 units in Oct
Ø CCI approves acquisition of Bharti AXA by ICICI Lombard
Ø Escorts Ltd reports stellar growth as tractor sales continue to stay strong
Ø Indian Oil says no plan for share buyback as of now

Financial Express
Ø Microsoft's FY20 profit jumps 62% in India to Rs 625 cr even as expenses increase nearly 19%
Ø BPCL eyes doubling bunkering oil sales volume to 14 tmt with terminal upgrade
Ø Telecom sector revenue growth at 5% in Q2 on easing of lockdown curbs: Report

Deccan Chronicle
Ø Manufacturing PMI expands to 13-year high in October, signals economic recovery
Ø Centre to delink land held by 17 sick PSUs
Ø India's economy worst-hit among emerging markets

## Major Stocks/Sector News in Focus :
# Adani Enterprises (ADE): Says commences Lucknow International Airport operations
# Bandhan Bank (BANDHAN): Approves reappointment of Ghosh as CEO for 5 more years
# Cadila Healthcare (CDH): 2Q net income 4.73b rupees, beats est. 4.29b
# City Union Bank (CUBK): 2Q net income 1.58b rupees, beats est. 1.36b; gross NPA 3.44% versus 3.9% q/q
# Edelweiss Fin (EDEL): May spin off asset mangement arm in couple of years
# Embassy Office Parks REIT (EMBASSY): Seeing resumption in India leasing deal activity
# GE Power India (GEPIL): Wins INR127.8m order from NTPC’s Barauni plant
# Hindalco (HNDL), Vedanta (VEDL): Emerge top bidders in landmark India auctions
# ICICI Lombard (ICICIGI): CCI approves ICICI Lombard acquisition of general insurance of Bharti AXA
# Indian Oil (IOCL): Finance head says has no plan for share buyback as of now
# KPIT Technologies (KPITTECH): Says not to pursue Vayavya Labs acquisition
# NTPC (NTPC): 2Q net income 35.04b rupees, beats est. 30.8b. Approves up to INR22.75b share buyback
# Oracle Financial (OFSS): 2Q net income +9.2% y/y to 3.92b rupees
# Piramal (PIEL): Bain Capital makes offer close to $900m for Piramal Gla

ss, Mint reported
# Punjab National Bank (PNB): 2Q net income 6.2b rupees; gross NPA 13.4% versus 14.1% q/q
# Ramco Cements (TRCL): 2Q net income 2.36b rupees, beats est. 1.64b; revenue 12.2b rupees, misses est. 12.6b
# Shipping Corp (SCI): To consider separating non-core assets Nov. 6
# Shriram City (SCUF): 2Q net income 2.57b rupees, beats est. 2.07b
# Sterlite Technologies (SOTL): To acquire Optotec at EV of EU29m
# Tata Motors (TTMT): Oct. local sales +27% y/y to 49,669 units
# Wipro (WPRO): Wipro, AWS announce launch of Wipro AWS Business Group
# Zee Entertainment (Z): 2Q net income 940.7m rupees, misses est. 2.62b; ebitda 3.14b rupees, est. 4b

## Macro News:
~ India Central Bank Increases FX, Bond Market Trading Hours
~ Metal Barons Emerge Winners in Landmark India Coal Auctions
~ Vedanta, Hindalco Emerge Top Bidders in Landmark India Auctions
~ Mukesh Ambani Loses $7 Billion as Oil Sinks Reliance Shares
~ Indian Oil Has No Plan For Share Buyback As of Now: Finance Head
~ India CCI Approves Bharti AXA-ICICI Lombard Transaction
~ India $4.3 Billion Infra Fund Makes Its First Road Purchase
~ Embassy REIT Seeing Resumption in India Leasing Deal Activity
~ Largest India Mortgage sees demand from individual buyers
~ Govt Extends MSME Loan GuaranteeScheme By One Month: BQ
~ Asia Pacific Telcos May Boost Cash for 5G Investments: Fitch
~ Global Funds Buy Net INR7.41B of India Stocks on Monday: NSE
~ Domestic funds sell net 5.34 rupees of stocks
~ Foreign Investors Sell Net INR14.1B of India Equities Oct. 29-30
~ Foreigners Buy Net INR3.01B of Indian Equity Derivatives Monday
~ Bain Capital Makes Offer Close to $900m for Piramal Glass: Mint
~ Techfynder to add 150,000 professional contractors in India by 2021: PTI

## Economic Calendar_03.11.2020
Japan @ Market Holiday
UK Construction PMI @ 15.00 pm
US Presidential Election @ All Day
US Auto Sales @ All Day

## Who’s Meeting Whom
UPL: To meet HDFC AMC, Azim Premji Investments and other investors on November 3.
Sudarshan Chemical: To meet Ashmore Investment Management and ICICI Prudential Mutual Fund between November 3-5.
Syngene International: To meet Columbia Threadneedle Investments on November 3.

## Bulk Deals:
Fortis Healthcare: WF Asian Smaller Companies Fund sold 80.5 lakh shares (1.07%) at Rs 125.67 per share.

Premier Explosives: HDFC Mutual Fund sold 2 lakh shares (1.86%) at Rs 115 per share.

## Trading Tweaks

AGM: Gufic Biosciences.

Price Band Revised From 10% To 5%: Oil Country Tubular, Route Mobile, Aarey Drugs & Pharma.

Move Into ASM Framework: GE Power India, Bajaj Healthcare.

Move Into Short Term ASM Framework: Raj Oil Mills.

Move Out Of Short Term ASM Framework: Tejas Networks, Magma Fincorp, Websol Energy System.

## Insider Trades

HFCL: Promoter MN Ventures acquired 10 lakh shares on November 2

## Pledged Share Details
Adani Ports and SEZ: Promoter SB Adani Family Trust created pledge of 15.51 crore shares on October 29.
Adani Transmission: Promoter SB Adani Family Trust created pledge 6.64 crore shares on October 29.
Adani Green Energy: Promoter SB Adani Family Trust created pledge 91.28 lakh shares on October 29.

## F&O Cues:
Nifty November futures closed at 11,673; premium of 4 points from discount of 2 points
Nifty November futures shed 9% and 9.8 lakh shares in Open Interest
Nifty Bank November futures closed at 24,900; premium of 7 points from 39 points
Nifty Bank November futures add 2% and 34,000 shares in Open Interest Nifty Put-Call Ratio at 1.56

Nifty: November 5 Expiry
Maximum Open Interest on Call side at 12,500 strike (25.5 lakh shares)
Maximum Open Interest on Put side at 11,000 strike (19.8 lakh shares)
Active Options: 11,300 Put (+6.3 lakh shares) and 11,600 Call (-3.6 lakh shares)

Nifty: November 26 Expiry
Maximum Open Interest on Call side at 12,000 strike (15.6 lakh shares)
Maximum Open Interest on Put side at 11,000 strike (26.4 lakh shares)

Brokerage Radar



CLSA On HDFC

Outperform rating maintained, Price target raised to Rs 2,300 from Rs 2,100

Strong NII performance and core mortgage PPoP growth

Meaningful recov

ery in disbursements

Retail collections jump to 96.3% but some uncertainty remains for its builder book

Expect core RoE of 12% by FY23CL



UBS On HDFC

Buy rating maintained, Price target of Rs 2,250 Strong recovery in the retail business

EPS beat supported by lower credit costs and funding costs

Has enough provisions and therefore credit costs can be closer to normal going forward

Mortgage growth likely to remain healthy and large financiers can gain market share

Better placed than peers on asset quality

Surplus liquidity to support



GOLDMAN ON HDFC

Maintain Neutral , Target at 1938/share

Q2 bear on lower provisioning & lower cost of funding

HDFC has a strong & Long term track record



MS ON HDFC

Maintain Overweight , Target at 2545/share

Big Core PPOP Beat; Raising Earnings and Target price

HDFC delivered significant NII and core PPOP beats driven by stronger NIM

More than adequately provisioned

Retail business is back in growth mode

Strong balance sheet, near-term resilience, structural gains, attractive valuation



CLSA On Cadila Healthcare

Buy rating maintained, Price target raised to Rs 540 from Rs 525

R&D initiatives expected to drive long-term growth

Seasonally strong U.S. business, improving profitability in India should drive margins in the near-term

Strong innovation pipeline being built Raise FY21-23

EPS estimates by 3-8%

Success in several new initiatives can pose upside risks to estimates



CLSA On Zee Entertainment

Buy rating maintained Price target of Rs 280

Revenue growth led by ad revenue recovery

Growth to return in H2FY21

Expansion in working capital, rise in debtor days in-line with industry norms Will emerge stronger post Covid-19

Stock offers deep value at current levels



JPMorgan On Escorts

Overweight rating maintained, Price target raised to Rs 1,560 from Rs 1,450

Farm business volumes and margins on a high

Outlook for the tractor industry is positive

Possibility of higher dividend payouts ahead given net cash balance sheet and strong cash generation

Railways business getting back on track, construction may take some time

Raise FY21/22/23 estimates by 24%, 10% and 2% respectively

Escorts is a key overweight in the auto space



HSBC ON ESCORTS

Maintain BUY , Target 1390/share

Strong all round performance in Q2 with record margins

Lower cost structure & focus on growth



CLSA On Ramco Cements

Upgrade to underperform from sell, Price target raised to Rs 805 from Rs 685

Q2 Ebitda above consensus estimates

Growth driven by healthy mix of both regions and products

Profitability may trend down as volumes pick up and mix normalises

Upside, following initial reaction will be capped due to premium valuation Raise FY21-23CL Ebitda estimates by 11-19% on better profitability



UBS ON NTPC

Maintain BUY , Target at 125/share

Attractive valuations; catalysts still elusive

Q2 earnings meet expectations

Deep value zone with attractive valuations

Outstanding dues went up in Q2 despite REC-PFC liquidity infusion



CITI ON TATA MOTORS

Maintain BUY , Target at 165/share

Domestic CV Volume flat as busses witness a decline

PV Continues to surprise positively

Postive stance on Tata Motors is more for JLR recovery



CLSA on ON BANDHAN BANK

BUY, TP Rs430 vs Rs400

Robust performance

Asset quality & collection efficiency trends better

Bank has articulated its next 5-year growth strategy, Bandhan will gain market share

The premium valuations are justified due to its high RoA profile and growth.



GOLDMAN ON BANDHAN BANK

Maintain BUY , Target at 442/share

Q2 Bear as asset quality under control

Banking franchise for Bandhan playing out well

Growth drivers for the bank well in place https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead