Stocks To Watch: BPCL, L&T, NBCC, HDFC AMC

Asian markets are little changed this morning. Benchmark indices in Japan, South Korea and Australia are flat despite its peers like the Dow Jones and the S&P 500 ending at a record high on Monday.

Futures on the Dow Jones are trading lower by 60 points. The index ended 1.6% higher on Monday.

The U.S. Dollar extended declines, treasury yields were back at the 0.9% mark while oil traded with modest gains.

Stocks To Watch

• BPCL: Divestment Secretary Tuhin Kanta Pandey tweeted that several EoIs were received for the company's proposed stake sale. Bloomberg News reported that bids were received from global as well as local players.
• Wipro: Announces strategic partnership with SNP SE to help customers accelerate their enterprise transformation journey.
• Reliance Industries: Reliance Retail has acquired approximately 96% stake in Urban Ladder for Rs 182.12 crore.
• PVR: Launched a new single screen cinema in Lucknow, and opened three new screens in Faridabad.
• Larsen & Toubro: Has emerged as the lowest bidder for a Rs 3,200 crore project to build a road bridge over the Brahmaputra river, PTI reported quoting a NHIDCL official.
• NBCC: Received total work orders worth Rs 1,165.5 crore in October.
• Oil India: Says blowout at the company's Baghjan well in Assam has been doused successfully.
• HDFC AMC: Appointed Navneet Munot as its MD and CEO. He will succeed Milind Barve.
• Future Consumer: Has defaulted on payment of interest on NCDs worth Rs 13.88 crore. It had sought deferment for payment of interest due on NCDs up to November 15, 2020.

Who’s Meeting Whom

• Mahindra & Mahindra: To meet MFS Investment Management on November 17.
• Rallis India: To meet Canara Robeco AMC, Centrum PMS and other investors between November 17-20.
• Mahindra Lifespace Developers: To meet Anived Portfolio Managers and Buena Vista Fund between November 18-19.

Trading Tweaks

• AGM: Gillette India.
• Price Band Revised From 20% To 10%: GATI, Snowman Logistics, ANG Lifesciences.
• Price Band Revised From 10% To 5%: IG Petrochemicals.

F&O Cues

• Nifty November futures closed at 12,782; premium of 2 points from 13 points.
• Nifty November futures add 0.8% and 96,000 shares in Open Interest.
• Nifty Bank November futures closed at 28,520; discount of 74 points from premium of 31 points.
• Nifty Bank November futures shed 0.7% and 13,000 shares in Open Interest.
• Nifty Put-Call Ratio at 1.57
• Stocks In F&O Ban: BHEL, Canara Bank, Indiabulls Housing Finance, JSPL, LIC Housing Finance, SAIL, Sun TV, Tata Motors

Nifty: November 19 Expiry

• Maximum Open Interest on Call side at 13,000 strike (32.2 lakh shares)
• Maximum Open Interest on Put side at 12,700 strike (24.3 lakh shares)
• Active Options: 12,800 Put (+5.2 lakh shares) and 12,700 Call (-4.5 lakh shares)

Nifty: November 26 Expiry

• Maximum Open Interest on Call side at 13,000 strike (20.2 lakh shares)
• Maximum Open Interest on Put side at 12,000 strike (33.9 lakh shares)