| Morning Notes |
| 27th Sep, 2019 |
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Trading Range:
Nifty opened gap up at 11470 on Thursday and made a high and low of 11611 and 11466 respectively before closing positive at 11571.
Review/Outlook:
For the day, support for Nifty exists at 11500 and 11440 levels whereas resistance for Nifty stands at 11640 and 11710 levels.
Review/Outlook:
Bank Nifty opened gap up at 29641, made a high of 30718, low of 29627, and closed positive at 30003. For the day, support for Bank Nifty exists at 29700 and 29500 levels whereas resistance for Bank Nifty stands at 30400 and 30600 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
38,989 |
+1.03 |
| Nifty |
11,571 |
+1.15 |
| BSE 200 |
4,845 |
+1.14 |
| BSE Midcap |
14,355 |
+0.92 |
| BSE Smallcap |
13,440 |
+0.42 |
| Dow Jones |
26,891 |
-0.30 |
| NASDAQ |
8,031 |
-0.58 |
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DERIVATIVES INDICATORS FOR SEP 27, 2019:
| NIFTY |
11571.20 (+131.00) (+1.15%) |
| NIFTY OCT FUTURE |
11630.85 (59.65 Points Premium) |
| NIFTY PCR - OI |
1.33(+0.06) |
| NIFTY OPEN INTEREST |
1.54Cr. (-23.19%) |
| INDIA VIX |
16.34 (+1.07%) |
| NIFTY ROLLOVER |
73% |
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NIFTY OPTIONS ACTIVITY (31-OCT SERIES)
| CALL |
11600 CE +1.71 lac Shares |
| CALL |
11800 CE +3.08 lac Shares |
| PUT |
11500 PE +2.04 lac Shares |
| PUT |
11400 PE +5.30 lac Shares |
|
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
17,145 |
+2.49 |
| Bankex |
33,938 |
+1.68 |
| PSU |
6,785 |
+2.09 |
| Healthcare |
12,892 |
+0.66 |
| IT |
15,396 |
-0.55 |
|
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| Market Turn Over (`cr) |
| Index |
26/09 |
25/09 |
| BSE Cash |
5,339 |
2,968 |
| NSE Cash |
48,849 |
39,830 |
| NSE F&O |
3,343,697 |
1,570,828 |
| BSE Delivery % |
48.49 |
43.41 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
76.24 |
23.76 |
| BSE 200 |
69.15 |
30.85 |
| BSE 500 |
60.20 |
39.00 |
| Total BSE |
47.52 |
46.47 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
56.36 |
-0.09 |
| Gold Rs./ 10 Gms |
37794.00 |
+0.51 |
| Silver Rs./ Kg |
46380.00 |
-0.87 |
| Rs.- US $ |
71.06 |
-0.15 |
| Rs.- Euro |
77.56 |
-0.49 |
|
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| FII (Rs cr ) |
|
26/09* |
25/09* |
| FIIs |
-352.32 |
-747.05 |
| MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
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| Details |
Buy |
Sell |
Open interest at the
end of the day |
Net Position |
|
|
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
Value
(Rs. Cr) |
|
| Index Futures |
1,35,237.00 |
10,214.68 |
1,20,052.00 |
9,134.59 |
1,54,305.00 |
12,894.72 |
1,080.09 |
| Index Options |
74,98,862.00 |
5,11,053.11 |
74,58,601.00 |
5,07,732.54 |
4,62,257.00 |
37,845.24 |
3,320.57 |
| Stock Futures |
4,19,322.00 |
24,835.45 |
4,10,847.00 |
24,571.38 |
15,02,264.00 |
92,252.38 |
264.07 |
| Stock Options |
56,473.00 |
3,587.65 |
55,264.00 |
3,550.56 |
12,062.00 |
742.60 |
37.09 |
| Total |
81,09,894.00 |
5,49,690.89 |
80,44,764.00 |
5,44,989.07 |
21,30,888.00 |
1,43,734.94 |
4,701.82 |
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| Corporate News |
Eveready Industries, the country’s largest dry-cell battery maker, is looking to raise nearly Rs 250-300 crore from sale of non-core assets, primarily land, and other real estate, as it looks to reduce debt and de-leverage its balance sheet. (BL). |
The Anil Ambani-led Reliance Group has selected KC College auditorium as venue for his companies’ AGMs this year, giving its traditional venue a royal miss. (ET).
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From setting up scrapyards to steel recycling plants to developing new materials such as graphene, Tata Steel is looking to seed new businesses in a bid to limit the impact of uncertain steel pricing on its revenues. (BL). |
Largest private sector lender HDFC Bank has emerged as the most valued Indian brand at USD 22.70 billion. (ET). |
Ford Motor Co is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd after failing to make meaningful inroads for more than two decades in the world’s fourth-largest automobile market. (ET). |
Two studies related to new mothers and babies, sponsored by Switzerland-based multi-national Nestle, have been found illegal by the Indian Council of Medical Research (ICMR). The research body noted this after forming a committee to discuss the issue. (BL). |
In line with its strategy to add premium offerings under its power brands in India, UK-based FMCG major Reckitt Benckiser (RB) is looking to strengthen its play in the pain relief OTC products category under brand Moov in the country. (ET). |
The Reserve Bank of India (RBI) has increased the withdrawal limit today for Punjab and Maharashtra Cooperative Bank Ltd (PMC Bank) account holders to Rs10,000 from Rs1,000. (ET). |
Hinduja Global Solutions Ltd. (HGS) announces a new contract award with the Disclosure and Barring Service (DBS). DBS helps employers make safer recruitment decisions each year by processing and issuing DBS checks required by those working with children and vulnerable adults. (BS). |
Tata Motors: Jaguar Land Rover plans to close its U.K. factories for a week in November to guard against disruption from a possible no-deal Brexit, Chief Executive Officer Ralf Speth said. The shutdown will go ahead whether or not Britain seeks an extension to the Oct. 31 deadline for leaving the European Union. (BQ). |
Phoenix Mills Promoters are planning to sell 38 lakh shares, or 2.5 percent stake, in the company in via secondary placement, according to terms for the deal obtained by Bloomberg. The deal has option to upsize the offering to 55 lakh shares, or 3.6 percent stake in company. The offering floor price is set at Rs 665 per share. The base deal size at $36 million with an option to upsize up to addit. (BQ). |
Lakshmi Vilas Bank said that Economic Offences Wing has registered FIR under "complaint for offences of cheating, criminal breach of trust by banker, criminal misappropriation and criminal conspiracy upon the Directors of the Board.” The FIR is based on a complaint filed by Religare Finvest pertaining to adjustment of their deposits to the dues of RHC Holding & Ranchem. The bank is considering app. (BQ). |
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| Economy and Sector News |
Mergers and Acquisitions (M&A) activities in India has been buoyant from 2015 to 2019, with a steady pipeline of more than 3,600 deals with an aggregate value of more than $310 billion, according to a study. Large deals doubled in value between 2015 and 2016 to $23 billion and again doubled to $56 billion between 2017 and 2018. M&A activity recorded a 70 per cent growth in 2018, led by distressed deals enabled by the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC), it according to a Confederation of Indian Industry (CII) and Bain & Co report. (BL). |
WhistleDrive, a business-to-business transportation services company, has raised Rs 72 crore in Series-B from the Chicago-based Colosseum Group, which invested Rs 5 crore in Series-A last year. (ET).
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E-commerce players, including Amazon and Flipkart, can expect to generate sales of over $4.8 billion during this year's festive month (September 29-October 4), but the growth over last year will be subdued, according to research by Forrester. (BL). |
Bank credit and deposits grew at 10.26 per cent and 10.02 per cent to Rs 97.01 lakh crore and Rs 127.22 lakh crore, respectively, in the fortnight ended September 13, according to the recent RBI data. In the year-ago fortnight, banks advances were at Rs 87.98 lakh crore and Rs 115.63 lakh crore. In the previous fortnight ended August 30, 2019, bank loans increased by 10.24 per cent to Rs 96.80 lakh crore and deposits by 9.73 per cent to Rs 127.80 lakh crore. In July, the non-food bank credit increased by 11.4 per cent on year-on-year (y-o-y) basis, as compared with an growth of 10.6 per cent in July 2018. Advances to the services sector decelerated to 15.2 per cent in the month from 23 per cent in the year-ago period. Credit to agriculture & allied activities rose by 6.8 per cent as compared with an increase of 6.6 per cent in the same month last year. (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
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| Global Markets |
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DJIA and NASDAQ Composite
US markets closed lower on Thursday following the release of a whistleblower complaint against Donald Trump. The Dow Jones Index closed at 26,891,
down 79.59 points by 0.30%. The Standard & Poors 500 index closed at 2,978, down 7.25 points by 0.24%. The Nasdaq Composite Index closed at 8,031, down 46.72 points by 0.58%.
FTSE 100
UK markets remained positive by the close on Thursday, as trade deal optimism overshadowed a raft of disappointing corporate updates. The FTSE 100 index closed at 7,351, up 61.09 points by 0.84%. |
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| Global Indices |
| 26/09/2019 |
Clsg |
Chg% |
| Dow Jones |
26,891 |
-0.30 |
| NASDAQ |
8,031 |
-0.58 |
| FTSE 100 |
7,351 |
+0.84 |
| Bovespa |
105,319 |
+0.80 |
| 27/09/2019 |
Latest
(7:03AM IST) |
Chg% |
| Nikkei |
21,858 |
-0.86 |
| Hang Seng |
26,042 |
+0.37 |
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Nikkei
Asian shares were on course for a second straight week of losses on Friday as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. Nikkei is currently trading at 21,858, down 190.52 points by 0.86%.
Precious Metals
Gold futures settled higher on Thursday, a day after a surge by the U.S. dollar prompted the precious metal to suffer its worst daily decline in nearly three weeks.
Base Metals
The three-month copper price on the London Metal Exchange had declined by the close of trading on Thursday September 26, below the $5,800-per-tonne resistance level while turnover was thin against an ascending US dollar index.
Crude Oil
Oil prices fell on Friday, erasing more of the gains realized after the Sept. 14 attacks on Saudi Arabian oil facilities, as the rapid return of production capacity from the world’s top exporter squashed risk premiums. |
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Retail Research Desk:
Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Vrinda Aditya D: 91 22 2858 3209
Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213
Karan Desai D: 91 22 2858 3221
Email: retailresearch@acm.co.in
Research Analyst Registration Number:
INH000002483
CIN: U65990MH1993PLC075388 |
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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual
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Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
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