Daily Market Update - 30th October 2026 by Ventura Securities Ltd
Market Outlook: Indian markets are likely to open marginally positive, with Gift Nifty up 18 points (+0.08%), despite a weak global setup. US markets ended lower, with the S&P 500 down 0.30%, Dow Jones down 0.25% and Nasdaq 100 declining 1.38%, while Asian markets were largely weak. The Nifty gained 1.05% on 29 October to close at 22,936.75, supported by broad-based buying, with 39 of 50 constituents advancing. Nifty's immediate support stands at 22,741, followed by 22,546, while resistance is placed at 23,046 and 23,156. The decline in India VIX to 15.0 and PCR at 1.18 indicate relatively improved near-term sentiment, although elevated crude, rupee weakness and uncertainty around the Fed's December policy remain key risks.
FII & DII Activity: Foreign investors turned net sellers on 29 October, with FII/FPI outflows of Rs 943.6 crore, while DIIs remained strong buyers with net inflows of Rs 1,924.4 crore. The divergence highlights continued dependence on domestic institutional support as foreign flows remain volatile. On the derivatives side, Nifty PCR stands at 1.18, with maximum Call OI at 23,500 and Put OI at 22,000, suggesting a positive bias but with resistance emerging around higher levels.
Sector Activity: Sector performance remained broadly positive on 29 October, with Realty, FMCG and PSU Banks leading the gains. Nifty Realty rose 2.75%, led by DLF (+4.21%) and Lodha (+3.84%), while FMCG gained 2.34%, driven by United Spirits (+5.06%) and Marico (+4.32%). PSU Banks advanced 2.20%, led by Bank of Baroda (+4.09%) and PNB (+2.98%), while Private Banks gained 1.24%. IT, Pharma, Consumer Durables and Energy also remained positive. Auto was the key laggard, declining 0.24%, while Cement fell 0.08%, dragged by Hero MotoCorp, Maruti and Dalmia Bharat.
Long, Short, Long Unwinding & Short Covering: Fresh long positions were built in Syrma SGS, CUB, Adani Energy Solutions, Adani Enterprises and Bandhan Bank, where prices and open interest increased together. Fresh short build-up was visible in Coromandel, Hero MotoCorp, Navin Fluorine, GMR Airports and KPIT Technologies. Long unwinding was observed in Cummins India, V-Mart Retail, Sagility, Mankind Pharma and Info Edge, indicating reduction in existing long positions. Short covering was seen in JSW Energy, Adani Ports, United Spirits, Manappuram Finance and Hyundai, with prices rising alongside declining open interest.
Top 5 News:
Laurus Labs: Q2 FY27 revenue increased 33% YoY to Rs 2,206 crore, while net profit surged 126% to Rs 441 crore. EBITDA rose 78% to Rs 762 crore, with margin expanding to 34.5% from 26%. The company approved acquisitions of 60% in Canada's Galenvs Sciences and 52% in SI&C Resins, while commissioning its first commercial-scale peptide plant in Vizag with over 16,000 litres of capacity.
Coal India: Q2 FY27 consolidated profit increased 53% YoY to Rs 6,516 crore, while revenue grew 21% to Rs 44,179 crore. EBITDA rose 29% to Rs 8,499 crore, with margin improving to 19.24% from 18.04%. The board declared a second interim dividend of Rs 10.25 per share, with the record date set for 4 November 2026.
InterGlobe Aviation: Q2 FY27 consolidated net loss narrowed to Rs 1,879 crore from Rs 2,582 crore, while operating revenue grew 25.9% YoY to Rs 23,364 crore. However, aircraft fuel expenses surged 67.2% to Rs 9,967 crore, passenger traffic declined 4.7% to 27.5 million and load factor fell to 80.3%. Total debt increased 16.7% to Rs 87,303 crore.
Afcons Infrastructure: The company secured two Uttar Pradesh EPC contracts worth Rs3,469 crore, taking fresh FY27 order wins to Rs 19,438 crore. The orders include a Rs 2,086 crore Jewar Link Expressway project from UPEIDA and a rs 1,383 crore underground Lucknow Metro contract from UPMRC, strengthening its order inflow visibility.
Asian Paints: Q2 FY27 consolidated revenue increased 16.9% YoY to Rs 9,977 crore, while net profit rose 7.5% to Rs 1,068 crore. PBDIT margin contracted 202 bps to 15.6% due to higher raw-material costs. Domestic decorative paints delivered 6.4% volume growth and 14.5% value growth, while industrial coatings recorded 31.8% value growth. The company declared an interim dividend of Rs 5.75 per share.
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