Domestic bourses are expected to start the day on positive note on Friday despite mixed cues from the global peers.
Given the volatility in the markets, investors might focus on stock-specific approach, while also tracking global cues, corporate results, Rupee's trajectory and Covid-related newsflow.
On the result front, a total of six companies, including HCL Tech, Bajaj Consumer Care, and Federal Bank are scheduled to announce their quarterly earnings today.
HCL Tech is also expected to report healthy numbers for the quarter under review especially since in a mid-quarter update, the company's management had said that the revenue and the operating margin for the July-September quarter were expected to be meaningfully better than the top end of the guidance it had provided in July’2020.
On Thursday, the 30-share benchmark index ended at 39728.41 down by -1066.33 points or by -2.61 % and then NSE Nifty was at 11680.35 down by -290.7 points or by -2.43 %.
On the global front, the S&P 500 ended lower on Thursday after a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.
The Dow Jones Industrial Average fell 0.07% to end at 28,494.2 points, while the S&P 500 lost 0.15% to 3,483.34. The Nasdaq Composite dropped 0.47% to 11,713.87.
Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.
Stocks struggled to make gains in early Asian trade with Australia's S&P/ASX 200 down 0.02% and Japan's Nikkei 225 futures adding just 0.06%. Hong Kong's Hang Seng index futures rose 0.36%. E-mini futures for the S&P 500 rose 0.04%.
Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 64004610.00, State Bank of India 49184944.00, Infosys Ltd. 44288566.00, Wipro Ltd. 38961585.00, ICICI Bank Ltd. 34238713.00,
On NSE, total number of shares traded was 199.54 Crore and total turnover stood at Rs. 54840.42 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 609860 with a total turnover of Rs. 43081.17 Crore. Along with this total number of contracts traded in stock futures were 794355 with a total turnover of Rs. 62169.57 Crore. Total numbers of contracts for index options were 80940551 with a total turnover of Rs.
5598985.95 Crore. and total numbers of contracts for stock options were 1367537 with a total turnover of Rs. 120525.56 Crore.
The FIIs on 15/10/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 7132.17 Crore and gross debt purchased stood at Rs. 964.88 Crore, while the gross equity sold stood at Rs. 5983.04 Crore and gross debt sold stood at Rs. 968.75 Crore. Therefore, the net investment of equity and debt reported were Rs. 1149.13 Crore and Rs. -3.87