Morning Notes
11th Jul, 2019
 

Trading Range:

Nifty opened gap down at 11536 on Wednesday and made a high and low of 11594 and 11476 respectively before closing negative at 11499.

Review/Outlook:

For the day, support for Nifty exists at 11440 and 11380 levels whereas resistance for Nifty stands at 11560 and 11620 levels.

Review/Outlook:

Bank Nifty opened gap up at 30618, made a high of 30728, low of 30429, and closed flat at 30522. For the day, support for Bank Nifty exists at 30300 and 30100 levels whereas resistance for Bank Nifty stands at 30700 and 30900 levels.
Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,557 -0.45
Nifty 11,499 -0.49
BSE 200 4,798 -0.58
BSE Midcap 14,414 -0.75
BSE Smallcap 13,699 -0.75
Dow Jones 26,860 +0.29
NASDAQ 8,203 +0.75
 

DERIVATIVES INDICATORS FOR JUL 11, 2019:

NIFTY 11498.90 (-57.00) (-0.49%)
NIFTY JUL FUTURE 11492.25  (6.65 Points Discount)
NIFTY PCR - OI 0.85(-0.06)
NIFTY OPEN INTEREST 2.11Cr. (+1.20%)
INDIA VIX 13.63 (-0.38%)
NIFTY ROLLOVER 12%

NIFTY OPTIONS ACTIVITY (25-JUL SERIES)

CALL 11600 CE +3.90 lac Shares
CALL 11500 CE +3.04 lac Shares
PUT 11500 PE +1.39 lac Shares
PUT 11300 PE +3.08 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,948 -1.07
Bankex 34,317 -0.16
PSU 7,458 -0.87
Healthcare 12,755 -0.20
IT 15,035 -0.34
 
Market Turn Over (`cr)
Index 10/07 09/07
BSE Cash 2,079 2,371
NSE Cash 31,385 37,841
NSE F&O 1,287,147 1,141,933
BSE Delivery % 42.75 38.93
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 28.71 69.31
BSE 200 29.85 69.15
BSE 500 29.94 68.66
Total BSE 35.60 59.29
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 60.42 -0.02
Gold Rs./ 10 Gms 34839.00 +0.74
Silver Rs./ Kg 38320.00 +0.37
Rs.- US $ 68.44 -0.25
Rs.- Euro 77.03 +0.21
FII (Rs cr )
10/07* 09/07*
FIIs -876.83 -329.85
MFs - -

*Date refers to the day of activity and not the day on which it is reported.
 
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       38,498.00       2,861.01       35,619.00       2,720.10    2,50,984.00     20,479.87   140.91
Index Options  36,55,970.00  2,52,742.15  36,49,702.00  2,52,344.11    5,66,810.00     44,967.09   398.04
Stock Futures    1,66,927.00     10,396.27    1,71,230.00     10,615.90  13,65,664.00     85,054.31  (219.63)
Stock Options       92,880.00       5,814.61       94,030.00       5,889.18       60,938.00       3,585.35    (74.57)
Total  39,54,275.00  2,71,814.05  39,50,581.00  2,71,569.29  22,44,396.00  1,54,086.62   244.76
Corporate News
Tata Motors on Wednesday said its British arm Jaguar Land Rover’s sales were down 9.6 per cent to 47,060 units in June this year. In more news, at a time when the automobile industry is reeling under the impact of a severe slowdown, Tata Motors is betting on rural markets and is planning to deepen its reach in the segment. (BL).
The Singareni Collieries Company Limited (SCCL) has initiated steps to commence work on the Naini coal block in Odisha, which is known to have reserves of 34 crore tonnes of coal. (ET).
InterGlobe Aviation Ltd (IGAL) has clarified that the existence of Related Party Transactions (RPTs) were disclosed at the time of the IPO in 2015. (BL).
ITC has launched a new range comprising gluten free flour, ragi flour and multi millet mix flour under the umbrella of Aashirvaad Nature’s Super Foods. “This new range will be available in major cities such as New Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai,” an ITC press release has said. (ET).
Banks will provide further loans to Dewan Housing Finance (DHFL) only if promoters of the embattled home financier were to pledge their shares as collateral, said three people familiar with the matter. DHFL is seeking fresh credit from banks. (ET).
McLeod Russel said that Promoter Williamson Financial Services had pledged its 3.78% stake (out of 4.96%) with Vistra against borrowings. The lender acquired a stake in the company by invoking a pledge on shares. (BL).
Corporate Quarterly Earnings
Himachal Futuristic Communications Limited (HFCL) on Wednesday reported a net profit of Rs.117 crore for the April-June quarter compared to a profit of Rs.47 crore in the corresponding quarter last year. The company’s consolidated revenue during the period stood at Rs.1,343 crore (Rs.1,088 crore). (BL).
Economy and Sector News
Samsung Venture Investment Corporation (SVIC), Samsung’s investment arm, that actively invests in early stage start-ups, announced its maiden investments in India, totalling $8.5 million in four start-ups. (BL).
Auto industry employees may bear the brunt if sales continue to fall, as the companies will be compelled to shed manpower, the Society of Indian Automobile Manufacturers (SIAM) said here on Wednesday. Already, no fresh recruitment is happening. The production volume of passenger cars and commercial vehicles has also been the lowest in the last 71 months, SIAM said, said adding that it will approach the Centre for relief mechanisms, including a GST rate cut. (ET).
States that have undertaken agricultural reforms will get priority while the Centre plans to consolidate 1.25 lakh km of rural roads at a cost of Rs.80,250 crore. The Cabinet Committee of Economic Affairs (CCEA) has approved the launch of third phase of Pradhan Mantri Gram Sadak Yojana (between 2019-20 and 2024-25), Prakash Javadekar, Minister for Information & Broadcasting, told media persons after the Cabinet meeting here on Wednesday. (BL).
The Hospital sector is seeing better days ahead after more than two years of subdued performance. The tough days were triggered primarily on account of several regulatory measures, including the cap on prices of stents by National Pharmaceutical Pricing Authority (NPPA), cap on prices of knee implants by the NPPA, adverse impact of rollout of Goods and Services Tax (GST) on profitability, and strict regulatory actions taken by multiple states, including putting restrictions on procedure rates, levying penalties and placing operational limitations on erring hospitals. The performance was also impacted due to the start-up cost of new hospitals owing to significant capex done by the entities in the sector and the long gestation period required for the new facilities to ramp up. (ET).
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express
Global Markets
 

DJIA and NASDAQ Composite

US markets closed in the green on Wednesday following Federal Reserve chair Jerome Powell's testimony to the House Financial Services Committee. The Dow Jones Index closed at 26,860, up 76.71 points by 0.29%. The Standard & Poors 500 index closed at 2,993, up 13.44 points by 0.45%. The Nasdaq Composite Index closed at 8,203, up 60.80 points by 0.75%.

FTSE 100

UK markets finished the session on Wednesday little changed despite the head of the US central bank opening the door to interest rate cuts, as his remarks put a bid into Sterling. The FTSE 100 index closed at 7,531, down 5.78 points by 0.08%.

 
 
Global Indices
10/07/2019 Clsg Chg%
Dow Jones 26,860 +0.29
NASDAQ 8,203 +0.75
FTSE 100 7,531 -0.08
Bovespa 105,817 +1.23
11/07/2019 Latest
(5:14AM IST) 		Chg%
Nikkei 21,533 -0.15
Hang Seng 28,205 +0.31

Nikkei

Asian shares started trading early on Thursday on a negative note as investors will keep a close watch on the US markets. Nikkei is currently trading at 21,533, down 31.67 points by 0.15%.

Precious Metals

Gold futures climbed sharply on Wednesday to log their highest finish in a week, as the U.S. dollar weakened on remarks from U.S. Federal Reserve Chairman Jerome Powell that were perceived as dovish.

Base Metals

Nickel closed around 2% higher on the London Metal Exchange on Wednesday July 10 after peaking at intraday high above $13,000 per tonne, its highest since April.

Crude Oil

Oil futures rallied Wednesday to settle at their highest since May, with U.S. prices up a fifth straight session for the longest streak of gains since February.

 
 
 

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