| Morning Notes |
| 12th Jul, 2019 |
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Trading Range:
Nifty opened gap up to at 11561 on Thursday and made a high and low of 11599 and 11519 respectively before closing positive at 11583.
Review/Outlook:
For the day, support for the Nifty exists at 11490 and 11440 levels whereas resistance for Nifty stands at 11630 and 11700 levels.
Review/Outlook:
Bank Nifty opened gap up at 30707, made a high of 30788, low of 30565, and closed positive at 30717. For the day, support for Bank Nifty exists at 30500 and 30200 levels whereas resistance for Bank Nifty stands at 30800 and 31000 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
38,823 |
+0.69 |
| Nifty |
11,583 |
+0.73 |
| BSE 200 |
4,833 |
+0.73 |
| BSE Midcap |
14,495 |
+0.56 |
| BSE Smallcap |
13,755 |
+0.41 |
| Dow Jones |
27,088 |
+0.85 |
| NASDAQ |
8,196 |
-0.08 |
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DERIVATIVES INDICATORS FOR JUL 12, 2019:
| NIFTY |
11582.90 (+84.00) (+0.73%) |
| NIFTY JUL FUTURE |
11582.05 (0.85 Points Discount) |
| NIFTY PCR - OI |
1.25(+0.40) |
| NIFTY OPEN INTEREST |
2.04Cr. (-3.57%) |
| INDIA VIX |
12.47 (-8.54%) |
| NIFTY ROLLOVER |
14% |
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NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
| CALL |
11600 CE -2.13 lac Shares |
| CALL |
11500 CE -2.99 lac Shares |
| PUT |
11500 PE -1.49 lac Shares |
| PUT |
11600 PE -1.43 lac Shares |
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
17,261 |
+1.84 |
| Bankex |
34,537 |
+0.64 |
| PSU |
7,537 |
+1.06 |
| Healthcare |
12,859 |
+0.82 |
| IT |
15,051 |
+0.11 |
|
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| Market Turn Over (`cr) |
| Index |
11/07 |
10/07 |
| BSE Cash |
1,973 |
2,079 |
| NSE Cash |
29,915 |
31,385 |
| NSE F&O |
1,943,857 |
1,287,147 |
| BSE Delivery % |
41.64 |
42.75 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
72.28 |
27.72 |
| BSE 200 |
69.65 |
29.85 |
| BSE 500 |
60.48 |
37.72 |
| Total BSE |
47.57 |
46.26 |
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
60.55 |
+0.58 |
| Gold Rs./ 10 Gms |
34701.00 |
-0.40 |
| Silver Rs./ Kg |
38113.00 |
-0.54 |
| Rs.- US $ |
68.55 |
+0.16 |
| Rs.- Euro |
77.22 |
+0.25 |
|
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| FII (Rs cr ) |
|
11/07* |
10/07* |
| FIIs |
-459.66 |
-876.83 |
| 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 |
41,031.00 |
3,206.51 |
35,172.00 |
2,634.43 |
2,44,577.00 |
19,953.88 |
572.08 |
| Index Options |
36,87,419.00 |
2,47,594.69 |
36,62,848.00 |
2,45,730.17 |
5,03,494.00 |
41,027.11 |
1,864.52 |
| Stock Futures |
1,60,640.00 |
10,146.12 |
1,49,961.00 |
9,276.25 |
13,68,203.00 |
86,101.93 |
869.87 |
| Stock Options |
80,477.00 |
5,015.56 |
79,359.00 |
4,949.33 |
64,198.00 |
3,854.25 |
66.23 |
| Total |
39,69,567.00 |
2,65,962.88 |
39,27,340.00 |
2,62,590.18 |
21,80,472.00 |
1,50,937.17 |
3,372.70 |
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| Corporate News |
The continuing slump in demand for commercial vehicles (CVs) is prompting top players Tata Motors and Ashok Leyland to temporarily shut their factories at Pantnagar, Uttarakhand, to avoid inventory build-up. (BL). |
Disappointed with the ruling of the National Company Law Appellate Tribunal (NCLAT) in the Essar Steel case, its lenders are mulling various options such as moving the Supreme Court and seeking an amendment to the Insolvency and Bankruptcy Code (IBC). (ET).
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JSW Steel is moving forward with its huge expansion plans despite the current slowdown and the near-term weakness in steel demand. (BL). |
Tata Motors on Thursday reported a 5 per cent decline in global sales, including that of Jaguar Land Rover, to 95,503 units in June. It had sold 1,00,135 units in June last year. (ET). |
Reliance Infrastructure Ltd’s 16 lenders have signed an inter-creditor agreement (ICA) in an effort to resolve its debt. An ICA provides the ground rules for the finalisation and implementation of a resolution plan (RP) for borrowers with credit facilities from more than one lender. (ET). |
Reliance Power said on Thursday that the Rs 2,430-crore loan for its Samalkot project has been restructured and its maturity has been extended to June 2022. (BS). |
Cash-strapped Dewan Housing Finance Corporation (DHFL) will be submitting a resolution plan (RP) to its lenders early next week.. (BL). |
Stating that its growth plans will see it becoming the world’s largest zinc producer and among the top three silver producers, mining giant Vedanta Ltd on Thursday said it spent around Rs.10,000 crore in FY’19 on capital expenditure programmes. (ET). |
About two months after launching novel anti-diabetic drug Remogliflozin etabonate (Remogliflozin) in India, global drug firm Glenmark Pharmaceuticals Ltd on Thursday inked an agreement with Indian pharma major Torrent Pharmaceuticals Limited to co-market the drug in the country. (BL). |
Indian tycoon Anil Ambani plans to raise about Rs.21,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt. According to the spokesperson, the breakdown of asset sales would be - Reliance Infrastructure is seeking ₹9,000 crore from the sale of nine road projects, Reliance Capital aims to raise ₹1,200 crore by selling its radio unit, and ₹11,500 crore from monetizing its holdings in the financial business. (BL). |
Shree Pushkar Chemicals and Fertilisers, a mid-sized dye, intermediates and fertiliser manufacturer, plans to invest ₹120 crore in setting up a solar park and enhancing its dye intermediates capacity. (BL). |
Infrastructure company Larsen & Toubro (L&T) on Thursday said it has received ‘significant’ orders across various business segments in the domestic and international market. (ET). |
Sembcorp Industries Ltd has raised its effective stake in its India energy arm, Sembcorp Energy India Ltd (SEIL), from 93.73 per cent to 94.05 per cent. (BL). |
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). |
Corporate Quarterly Earnings |
No Major Results. |
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| Economy and Sector News |
Kalyani Rafael Advanced Systems Ltd has secured a $100-million order from Rafeal of Israel to supply 1,000 Barak-8 MRSAM missile kits for the Indian Army and the Indian Air Force. In more news, The Centre has asked global warship makers to submit proposals to build six conventional submarines in India to boost local shipyard capability and plug gaps in the navy’s underwater warfare fleet. (BL). |
Honda Cars India (HCIL) on Thursday introduced a new variant of its compact SUV WR-V priced at ₹9.95 lakh. The newly introduced V grade will be available in diesel engine option and has been positioned between the S and VX grades, HCIL said in a statement. (ET).
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The renewable energy sector’s new capacity addition during the first quarter of this fiscal was higher at 2,151 MW when compared with the capacity addition of 1,541 MW in the year-ago quarter. Also, the June quarter of this fiscal saw total installed capacity of the Indian renewable sector cross 80 GW (80,000 MW), according to the Union Ministry of New and Renewable Energy (MNRE) data. In more news, The financial services sector, led by non-banking lenders and housing finance companies (HFCs), was the largest overseas borrower in April-May period of the the current financial year amid tight liquidity conditions in the domestic market. According to the RBI data on external commercial borrowings (ECBs), Indian corporates raised $6.7 billion in loans overseas (including via approval and automatic routes) in the first two months of FY20. Of the total borrowing, the share of financial sector stood at $3 billion or 45 per cent of the total ECBs. (BL). |
According to the Association of Mutual Funds in India (AMFI), Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs24.25 lakh cr in June 2019 as against Rs25.94 lakh cr in May 2019 and Rs22.86 lakh cr in June 2018. AUM for the Income/Debt oriented category fell 12.92% MoM to Rs11.55 lakh cr. Meanwhile, AUM under the Equity category, including Equity Linked Savings Schemes or ELSS (including close-ended and interval schemes), came in at Rs7.58 lakh cr in June 2019, down 0.14% MoM but up 3.72% yoy. Quarterly Average Assets Under Management (QAAUM) at the end of Q1FY20 was Rs25.51 lakh cr, as against Rs24.48 lakh cr at the end of Q4FY19. (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 ended a bumper session with a bang on Thursday, with the Dow hitting a record high a day after Federal Reserve chairman Jerome Powell suggested the central bank was open to easing monetary policy in the near future. The Dow Jones Index closed at 27,088,
up 227.88 points by 0.85%. The Standard & Poors 500 index closed at 2,999, up 6.84 points by 0.23%. The Nasdaq Composite Index closed at 8,196, down 6.49 points by 0.08%.
FTSE 100
UK markets turned in another mixed session on Thursday with the the Footsie weighed down by pound strength and amid increasing 'market chatter' around the possibility of a 'no deal' Brexit. The FTSE 100 index closed at 7,510, down 20.87 points by 0.28%. |
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| Global Indices |
| 11/07/2019 |
Clsg |
Chg% |
| Dow Jones |
27,088 |
+0.85 |
| NASDAQ |
8,196 |
-0.08 |
| FTSE 100 |
7,510 |
-0.28 |
| Bovespa |
105,146 |
-0.63 |
| 12/07/2019 |
Latest
(7:47AM IST) |
Chg% |
| Nikkei |
21,647 |
+0.02 |
| Hang Seng |
28,517 |
+0.30 |
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Nikkei
Asian shares pulled back on Friday as worries over renewed Sino-U.S. trade tensions weighed on sentiment ahead of the release of June trade data from China, though expectations of a Federal Reserve rate cut later this month kept losses in check. Nikkei is currently trading at 21,647, up 4.34 points by 0.02%.
Precious Metals
Gold prices, dulled by the stronger-than-expected U.S. consumer inflation data, regained some of their shine on Friday. Spot gold XAU= last traded up 0.28% at $1,407.56 per ounce.
Base Metals
Lead’s three-month price on the London Metal Exchange was higher at the close of trading on Thursday July 11, climbing by around 2% through the day to approach the nearby resistance level at $2,000 per tonne, a threshold the metal has not surpassed since April this year.
Crude Oil
Oil prices picked themselves up on Friday after taking a tumble on Thursday, after the Organisation of the Petroleum Exporting Countries said it expected the world would need 29.27 million barrels per day (bpd) of crude oil from its members in 2020, 1.34 million bpd less than this year. |
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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
Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity
Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C.
Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/
its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies
being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates
or Research analysts have no material conflict of interest, have not received any compensation/benefits for any
reason (including investment banking/merchant banking or brokera3ge services) from either the companies concerned/third
parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have
neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making
activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12
months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
have not served as an officer/director or employee of the companies being covered.
Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and
it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any
loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To
enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not
be treated as endorsement of the views expressed in the report. |
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