| Morning Notes |
| 17th Jul, 2019 |
|
 |
| |
Trading Range:
Nifty opened gap up at 11597 on Tuesday and made a high and low of 11670 and 11574 respectively before closing positive at 11663.
Review/Outlook:
For the day, support for Nifty exists at 11510 and 11440 levels whereas resistance for Nifty stands at 11720 and 11790 levels.
Review/Outlook:
Bank Nifty opened gap up at 30533, made a high of 30635, low of 30430, and closed positive at 30571. For the day, support for Bank Nifty exists at 30400 and 30200 levels whereas resistance for Bank Nifty stands at 30800 and 31000 levels. |
|
| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
39,131 |
+0.60 |
| Nifty |
11,663 |
+0.64 |
| BSE 200 |
4,872 |
+0.71 |
| BSE Midcap |
14,565 |
+0.69 |
| BSE Smallcap |
13,727 |
+0.27 |
| Dow Jones |
27,336 |
-0.09 |
| NASDAQ |
8,223 |
-0.43 |
|
|
| |
DERIVATIVES INDICATORS FOR JUL 17, 2019:
| NIFTY |
11662.60 (+74.25) (+0.64%) |
| NIFTY JUL FUTURE |
11662.90 (4.75 Points Discount) |
| NIFTY PCR - OI |
1.34(+0.14) |
| NIFTY OPEN INTEREST |
2.06Cr. (+3.63%) |
| INDIA VIX |
11.56 (-3.83%) |
| NIFTY ROLLOVER |
21% |
|
|
NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
| CALL |
11600 CE -1.49 lac Shares |
| CALL |
11700 CE +0.75 lac Shares |
| PUT |
11500 PE +1.84 lac Shares |
| PUT |
11600 PE +6.10 lac Shares |
|
|
| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
17,440 |
+0.68 |
| Bankex |
34,426 |
+0.50 |
| PSU |
7,543 |
+1.36 |
| Healthcare |
13,174 |
+1.24 |
| IT |
15,576 |
-0.38 |
|
|
| Market Turn Over (`cr) |
| Index |
16/07 |
15/07 |
| BSE Cash |
1,958 |
1,670 |
| NSE Cash |
32,011 |
29,544 |
| NSE F&O |
874,279 |
772,268 |
| BSE Delivery % |
38.50 |
45.78 |
|
|
| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
78.22 |
21.78 |
| BSE 200 |
73.63 |
26.37 |
| BSE 500 |
56.00 |
43.00 |
| Total BSE |
43.33 |
50.44 |
|
|
| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
57.72 |
+0.17 |
| Gold Rs./ 10 Gms |
34812.00 |
-0.20 |
| Silver Rs./ Kg |
39326.00 |
+0.81 |
| Rs.- US $ |
68.81 |
+0.39 |
| Rs.- Euro |
77.15 |
-0.05 |
|
|
| FII (Rs cr ) |
|
16/07* |
15/07* |
| FIIs |
-189.95 |
-722.52 |
| 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 |
41,430.00 |
3,285.26 |
42,260.00 |
3,338.54 |
2,57,923.00 |
21,282.27 |
(53.29) |
| Index Options |
23,98,244.00 |
1,65,602.53 |
23,92,742.00 |
1,65,079.27 |
5,67,439.00 |
46,015.97 |
523.26 |
| Stock Futures |
1,77,529.00 |
10,586.13 |
1,65,603.00 |
10,147.05 |
13,81,535.00 |
88,052.94 |
439.08 |
| Stock Options |
96,065.00 |
5,699.49 |
94,399.00 |
5,604.26 |
74,090.00 |
4,556.01 |
95.23 |
| Total |
27,13,268.00 |
1,85,173.40 |
26,95,004.00 |
1,84,169.12 |
22,80,987.00 |
1,59,907.19 |
1,004.28 |
|
|
| Corporate News |
Nestle SA has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. (BL). |
Power sector giant NTPC’s plans to install emission-control equipment at its 38 power plants (with combined capacity of 65,350 MW) could take up to four years to materialise, with an average expenditure of ₹50-70 lakh per MW, senior company officials said. (ET).
|
Wind turbine maker Suzlon has defaulted on the payment of the principal amount of Rs.1,169 crore ($172 million) due to its Foreign Currency Convertible Bondholders (FCCBs). (BL). |
Cummins India Ltd announced on Tuesday that Sandeep Sinha, MD, Cummins India and Vice-President, Cummins India ABO, has resigned to pursue business interests outside of the company. (ET). |
Moody’s Investors Service has affirmed Oil and Natural Gas Corporation (ONGC)’s Baa1 rating. A Moody’s statement said that it has affirmed ONGC’s local and foreign currency issuer ratings, and the Baa1 ratings on the senior unsecured bonds guaranteed by ONGC and issued by ONGC Videsh Limited and ONGC Videsh Vankorneft Pte. Ltd. (ET). |
Crisis-hit realty firm Unitech Ltd said on Tuesday that its internal auditors S K P & Co. Chartered Accountants has resigned citing time constraints. (BS). |
Jet Airways’ Committee of Creditors (CoC) will soon vote to select a resolution professional (RP), start the process of verifying claims, and decide on the appointment of SBI Caps as the advisor for sale of assets. The CoC, which met here on Tuesday to discuss these issues, has set the process in motion. (BL). |
Indian Institute of Technology Roorkee (IITR) has signed an MoU with Power Grid Corporation (POWERGRID) with the aim of achieving energy efficiency and sustainable energy goals within its campus. (ET). |
State-owned ONGC and Oil India Ltd alongside private sector Vedanta Ltd Tuesday walked away with almost all of the oil blocks auctioned in the latest licensing round as part of the government's effort to raise domestic production. (BL). |
Corporate Quarterly Earnings |
The total income of Multi Commodity Exchange (MCX) has increased by 30% to Rs 110.84 crore ending June 30, 2019 from Rs. 85.43 crore for the corresponding quarter ended June 30, 2018. The net profit of the exchange surged to Rs 43.70 crore from Rs 7.33 crore in the corresponding period of FY19. (BL). |
Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from lower costs. Revenue declined at Wells' community bank and wholesale bank as net interest income was squeezed by lower interest rates and higher deposit costs. But profit in those segments jumped 26% and 6%, respectively, due to lower overall costs. Total expenses dropped 4% to $13.4 billion and total net interest income fell 3% to $12.1 billion. (ET). |
Network18 Media and Investments Tuesday reported widening of its consolidated net loss to Rs 127.66 crore in the first quarter ended June 30. The company had reported a net loss of Rs 112.29 crore in the April-June 2018 quarter. However, revenue from operations rose 10.75 per cent to Rs 1,245.12 crore as against Rs 1,124.24 crore in the corresponding period of the previous financial year. (ET). |
HDFC Asset Management Company on Tuesday reported 42.15 per cent year-on-year rise in profit at Rs 291.79 crore for the quarter ended June 30. The company had posted a profit of Rs 205.26 crore in the corresponding quarter last year. Revenue from operation increased 7.03 per cent YoY to Rs 504.39 crore in Q1FY19 over Rs 471.23 crore in Q1FY18. (ET). |
Private lender Federal Bank on Tuesday reported a 46.25 per cent year-on-year (YoY) rise in standalone profit at Rs 384.21 crore compared with Rs 262.71 crore in the same quarter last year. Net interest income (NII) for the quarter rose 17.8 per cent to Rs 1,154 crore compared with Rs 980 crore in the year-ago quarter. The bank made provisions worth Rs 192 crore in the June quarter compared with Rs 177 crore in March quarter. (ET). |
|
|
| Economy and Sector News |
Budget hotel chain OYO on Tuesday announced its entry into the co-working space segment with the acquisition of Innov8, an existing player in that market. The deal size is Rs.180 crore, according to sources. (BL). |
Suzuki Motorcycle India Pvt Ltd (SMIPL) on Tuesday said it has launched a refreshed version of its scooter model, Access 125 priced at Rs 61,788 (ex-showroom, Delhi). The new version comes with all black alloy wheels, beige coloured leatherette seat and round shaped chrome mirrors to make the rider stand apart in the crowd, the company said in a statement. (ET).
|
The interest rate on the general provident fund (GPF) has been cut by 10 basis points (bps) to 7.9 per cent from 8 per cent with effect from July 1, the Finance Ministry said on Tuesday. (BL). |
To curb production and sale of spurious chemicals, the government on Tuesday said it will make compliance of quality standards compulsory for 40 more chemicals that are locally-manufactured as well as imported. Chemicals and Petrochemicals Secretary P Raghavendra Rao said government is also expected to soon introduce Harmonised System (HS) of coding for chemicals and petrochemicals imported in large volumes. (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 higher on Tuesday following some key second-quarter bank earnings. The dollar retreated for a third day. The Dow Jones Index closed at 27,336,
down 23.53 points by 0.09%. The Standard & Poors 500 index closed at 3,004, down 10.26 points by 0.34%. The Nasdaq Composite Index closed at 8,223, down 35.39 points by 0.43%.
FTSE 100
UK markets had pushed into the green by the end of trading on Tuesday, as sterling slumped on Brexit woes, despite the release of solid UK jobs data. The FTSE 100 index closed at 7,577, up 45.48 points by 0.60%. |
| |
|
|
| Global Indices |
| 16/07/2019 |
Clsg |
Chg% |
| Dow Jones |
27,336 |
-0.09 |
| NASDAQ |
8,223 |
-0.43 |
| FTSE 100 |
7,577 |
+0.60 |
| Bovespa |
103,775 |
-0.03 |
| 17/07/2019 |
Latest
(7:35AM IST) |
Chg% |
| Nikkei |
21,424 |
-0.52 |
| Hang Seng |
28,499 |
-0.42 |
|
Nikkei
Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust U.S. retail data and a Brexit-driven dive in the pound. Nikkei is currently trading at 21,424, down 111.32 points by 0.52%.
Precious Metals
The dollar’s gains tarnished gold a little on Wednesday, with the precious metal easing to $1,403.57 per ounce from a high above $1,418 on Tuesday.
Base Metals
The London Metal Exchange three-month nickel price rose 2.9% on Tuesday July 16 to close above the $14,000-per-tonne resistance level.
Crude Oil
Oil prices tried to steady in early trade on Wednesday after falling more than 3% overnight. Brent crude futures edged up 17 cents to $64.52, while U.S. crude was flat at $57.62 a barrel. |
| |
|
| |
 |
| |
|
|
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. |
| |
|
|
|
|
|
|
|
