| Morning Notes |
| 20th Jun, 2019 |
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Trading Range:
Nifty opened gap up at 11744 on Wednesday and made a high and low of 11802 and 11625 respectively before closing flat at 11691.
Review/Outlook:
For the day, support for Nifty exists at 11650 and 11590 levels whereas resistance for Nifty stands at 11750 and 11810 levels.
Review/Outlook:
Bank Nifty opened gap up at 30526, week made a high of 30699, low of 30242, and closed flat at 30362. For the day, support for Bank Nifty exists at 30200 and 30000 levels whereas resistance for Bank Nifty stands at 30500 and 30700 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
39,112 |
+0.17 |
| Nifty |
11,691 |
+0.00 |
| BSE 200 |
4,865 |
-0.17 |
| BSE Midcap |
14,443 |
-0.69 |
| BSE Smallcap |
13,919 |
-1.37 |
| Dow Jones |
26,504 |
+0.15 |
| NASDAQ |
7,987 |
+0.42 |
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DERIVATIVES INDICATORS FOR JUN 20, 2019:
| NIFTY |
11691.45 (-0.05) (+0.00%) |
| NIFTY JUN FUTURE |
11708.60 (17.15 Points Premium) |
| NIFTY PCR - OI |
1.15(+0.01) |
| NIFTY OPEN INTEREST |
2.11Cr. (+1.03%) |
| INDIA VIX |
14.73 (+0.89%) |
| NIFTY ROLLOVER |
16% |
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NIFTY OPTIONS ACTIVITY (27-JUN SERIES)
| CALL |
11700 CE + 2.76 lac Shares |
| CALL |
11800 CE + 2.59 lac Shares |
| PUT |
11700 PE +3.06 lac Shares |
| PUT |
11600 PE -0.54 lac Shares |
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
17,553 |
-1.00 |
| Bankex |
34,063 |
-0.01 |
| PSU |
7,551 |
-0.28 |
| Healthcare |
12,511 |
-1.29 |
| IT |
15,983 |
-0.03 |
|
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| Market Turn Over (`cr) |
| Index |
19/06 |
18/06 |
| BSE Cash |
2,318 |
6,176 |
| NSE Cash |
35,218 |
30,918 |
| NSE F&O |
1,536,664 |
1,174,332 |
| BSE Delivery % |
36.21 |
37.40 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
56.44 |
43.56 |
| BSE 200 |
53.23 |
46.77 |
| BSE 500 |
46.71 |
53.09 |
| Total BSE |
34.44 |
60.68 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
54.24 |
+0.89 |
| Gold Rs./ 10 Gms |
33079.00 |
+0.17 |
| Silver Rs./ Kg |
37304.00 |
-0.01 |
| Rs.- US $ |
69.61 |
-0.09 |
| Rs.- Euro |
78.22 |
+0.27 |
|
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| FII (Rs cr ) |
|
19/06* |
18/06* |
| FIIs |
+66.12 |
-322.78 |
| 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 |
61,344.00 |
4,852.12 |
58,782.00 |
4,498.43 |
2,62,118.00 |
21,346.59 |
353.69 |
| Index Options |
45,47,804.00 |
3,16,725.22 |
45,38,358.00 |
3,15,830.99 |
7,88,081.00 |
64,200.94 |
894.24 |
| Stock Futures |
2,75,015.00 |
14,468.72 |
2,80,682.00 |
15,043.57 |
14,47,132.00 |
85,501.29 |
(574.85) |
| Stock Options |
1,31,834.00 |
7,046.62 |
1,30,614.00 |
7,009.41 |
79,669.00 |
4,459.79 |
37.21 |
| Total |
50,15,997.00 |
3,43,092.68 |
50,08,436.00 |
3,42,382.40 |
25,77,000.00 |
1,75,508.61 |
710.28 |
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| Corporate News |
The Enforcement Directorate on Wednesday arrested two former executives in connection with its money laundering probe in the IL&FS alleged financial irregularities case, officials said. (BL). |
The promoters of Hotel Leelaventure and JM Financial ARC, which holds 26 per cent in the bankrupt hotel group, on Wednesday told the National Company Law Tribunal that ITC s bid to stall their deal with Brookfield is an attempt to wrest the control of the premium hotel chain through the backdoor. (ET).
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Hindustan Antibiotics Ltd, a Pune-based maker of penicillin and other pharma products, is pinning its hopes on a Rs.250-crore Voluntary Retirement Scheme (VRS) for a quick turnaround. Under the scheme, nearly 600 employees will get the golden handshake. (BL). |
Engineering and construction giant Larsen & Toubro (L&T) on Wednesday said it has won a contract for water supply project in Sri Lanka.. (ET). |
Adani Green Energy on Wednesday said its arm Adani Renewable Energy Park (Gujarat) has bagged 600 MW wind-solar hybrid projects in an auction conducted by state-run Solar Energy Corporation of India (SECI). The company has received Letters of Award (LoAs) from SECI for the 600 MW projects. The fixed power purchase agreement (PPA) tariff is ? 2.69/kWh for a period of 25 years, it added. (ET). |
State-owned engineering firm BHEL announced on Wednesday that it has commissioned Unit-1 of 84 MW at Chhukha hydro electric project in Bhutan. It has achieved yet another milestone in Bhutan with the successful commissioning of Unit-1 of the 4x84 MW Chhukha hydro electric project (HEP), following complete renovation and modernisation (R&M) of the generator, BHEL said in a statement. (BL). |
Rajesh Exports on Wednesday said it has has bagged an order worth Rs.942 crore from Germany to supply designer range of jewellery. The order is to be completed by August 2019, the company said in a regulatory filing. (ET). |
ONGC Videsh Ltd, the overseas investment arm of ONGC, and its consortium partners have announced the Final Investment Decision (FID) in the Mozambique LNG project. The Indian consortium is expected to collectively invest $20 billion in the two-train Golfinho/Atum Mozambique LNG Project. The first gas packet is expected in 36-48 months, ONGC said in a statement to the stock exchanges. (BL). |
Mortgage major HDFC Wednesday agreed to acquire Apollo Hospitals Group's entire 50.8 percent stake in Apollo Munich Health Insurance for Rs 1,336 crore and also the 0.4 percent stake held by a few employees for Rs 10.84 crore. The deal, valued at Rs 1,347 crore, and subject to regulatory and shareholder approvals, is likely to be closed over the next nine months. The merged entity (with HDFC Ergo General Insurance) will be a Rs 10,807-crore business as of today's individual business, making it the second largest. At Rs 1,336 crore or Rs 73 a share, the deal gives over four-times premium to the Reddys, the promoters of the Apollo Hospitals group which had invested Rs 300 crore into the joint venture since 2006. (ET). |
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| Economy and Sector News |
An expert committee of the Reserve Bank of India (RBI) on Micro, Small and Medium Enterprises (MSMEs) has suggested doubling collateral-free loans for these units. This should be applicable to Micro Units Development and Refinance Agency (Mudra) and Self-Help Groups (SHGs), too, the committee said. The committee, headed by former SEBI Chairman UK Sinha, submitted its report to RBI Governor Shaktikanta Das on Monday. The RBI is expected to put up the report in public domain by Friday. (BL). |
The government plans to promote common facility centres to support gems and jewellery industry. The government is serious about the gems and jewellery industry and wants to promote the common facility centres for the growth of the sector. There are total 10,000 units across India with over 1.2 million skilled workforce, readily available for the MSME s of the gems and service sector, Ministry of Commerce and Industry Economic Advisor Rupa Dutta said. (ET).
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The export-dependent Washington state apple industry is a worried lot after India hiked duties on the fruit, saying it is very hard to sell products to other markets when you lose a reliable and established market. India announced a hike in customs duties on as many as 28 US products, including almond, apple, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products such as steel and aluminium. (BL). |
The government will not allow foreign companies to operate in multi-brand segment and necessary action will be taken against people indulging in predatory pricing, Commerce and Industry Minister Piyush Goyal said Wednesday. The minister said this in a meeting with representatives of associations of kirana stores, traders and retailers here. (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 markets finished in the green on Wednesday, after the Fed decided to stand pat on interest rates, although it did pave the way for possible rate cuts going forward. The Dow Jones Index closed at 26,504,
up 38.46 points by 0.15%. The Standard & Poor s 500 index closed at 2,926, up 8.71 points by 0.30%. The Nasdaq Composite Index closed at 7,987, up 33.44 points by 0.42%.
FTSE 100
UK markets underperformed on Wednesday on the back of strength in Sterling even as investors eyed the result of an upcoming policy announcement from the Federal Reserve. The FTSE 100 index closed at 7,404, down 39.50 points by 0.53%. |
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| Global Indices |
| 19/06/2019 |
Clsg |
Chg% |
| Dow Jones |
26,504 |
+0.15 |
| NASDAQ |
7,987 |
+0.42 |
| FTSE 100 |
7,404 |
-0.53 |
| Bovespa |
100,303 |
+0.90 |
| 20/06/2019 |
Latest
(5:03 AM IST) |
Chg% |
| Nikkei |
21,334 |
+1.72 |
| Hang Seng |
28,202 |
+2.56 |
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Nikkei
Asian share markets jumped on Thursday as investors will be closely watching the US markets and other global markets. Nikkei is currently trading at 21,334, up 361.16 points by 1.72%.
Precious Metals
Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months.
Base Metals
Zinc s three-month price on the London Metal Exchange was subdued at the close of trading on Wednesday June 19, drifting below the nearby $2,500-per-tonne support level after steady inflows and dwindling demand continue to pressure the galvanizing metal s outright price.
Crude Oil
Oil futures settled modestly lower on Wednesday, giving up the gains they saw in the immediate wake of U.S. government figures that revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. |
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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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