It is expected in the market that a volatility through the week, as traders roll over positions in the future and Option segment from the near month October series to November series, as the October 2020 future and Option contracts expire on Thursday, 29 October 2020.
The other major factors are to be considered such as Global cues, quarterly results revelation of Multi-national companies, rupee movement against dollar, macro data, Brent crude oil price movement and investments by foreign portfolio investors (FPI) and domestic institutional investors.
The major companies to declare their results include, Kotak Mahindra Bank and SBI Life Insurance Company which will declare their July - September quarterly results on 26 October 2020. Tata Motors and Bharti Airtel and will declare their result quarterly results on 27 October 2020. , Hero MotoCorp, Dr Reddy's Laboratories, Larsen & Toubro and Titan Company will announce their quarterly results on 28 October 2020. Maruti Suzuki India, Bharat Petroleum Corporation, will declare their results on 29 October 2020.
Global cues will continue to be in focus as surge in virus cases around the world, leads to more controls and more pressure on economic recovery. Updates related to COVID-19 will be closely monitored. These are the major factors that are going to affect the respective socks of the companies. Meanwhile, The US Presidential election is scheduled on Tuesday, 3 November 2020.
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