| Morning Notes |
| 22nd Aug, 2019 |
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Trading Range:
Nifty opened flat at 11018 on Wednesday and made a high and low of 11034 and 10907 respectively before closing negative at 10919.
Review/Outlook:
For the day, support for Nifty exists at 10860 and 10800 levels whereas resistance for Nifty stands at 10970 and 11040 levels.
Review/Outlook:
Bank Nifty opened gap up at 28021, made a high of 28099, low of 27666, and closed negative at 27719. For the day, support for Bank Nifty exists at 27500 and 27300 levels whereas resistance for Bank Nifty stands at 27900 and 28100 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
37,060 |
-0.72 |
| Nifty |
10,919 |
-0.89 |
| BSE 200 |
4,549 |
-0.95 |
| BSE Midcap |
13,259 |
-1.32 |
| BSE Smallcap |
12,390 |
-1.43 |
| Dow Jones |
26,203 |
+0.93 |
| NASDAQ |
8,020 |
+0.90 |
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DERIVATIVES INDICATORS FOR AUG 22, 2019:
| NIFTY |
10918.70 (-98.30) (-0.89%) |
| NIFTY AUG FUTURE |
10932.65 (13.95 Points Premium) |
| NIFTY PCR - OI |
0.95(-0.17) |
| NIFTY OPEN INTEREST |
2.23Cr. (+2.78%) |
| INDIA VIX |
17.01 (+2.26%) |
| NIFTY ROLLOVER |
15% |
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NIFTY OPTIONS ACTIVITY (29-AUG SERIES)
| CALL |
11000 CE +7.18 lac Shares |
| CALL |
11100 CE +6.04 lac Shares |
| PUT |
11000 PE -2.85 lac Shares |
| PUT |
10800 PE -1.19 lac Shares |
|
|
| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
15,742 |
-0.62 |
| Bankex |
31,326 |
-1.03 |
| PSU |
6,255 |
-2.23 |
| Healthcare |
12,408 |
-0.97 |
| IT |
15,773 |
+0.16 |
|
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| Market Turn Over (`cr) |
| Index |
21/08 |
20/08 |
| BSE Cash |
1,969 |
2,307 |
| NSE Cash |
28,128 |
29,067 |
| NSE F&O |
1,316,965 |
1,069,260 |
| BSE Delivery % |
48.57 |
40.03 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
18.81 |
81.19 |
| BSE 200 |
17.91 |
82.09 |
| BSE 500 |
17.60 |
82.20 |
| Total BSE |
23.88 |
70.41 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
55.97 |
+0.52 |
| Gold Rs./ 10 Gms |
37993.00 |
-0.03 |
| Silver Rs./ Kg |
43816.00 |
-0.28 |
| Rs.- US $ |
71.43 |
-0.14 |
| Rs.- Euro |
79.23 |
-0.18 |
|
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| FII (Rs cr ) |
|
21/08* |
20/08* |
| FIIs |
-408.25 |
-265.04 |
| 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 |
48,454.00 |
3,372.62 |
48,793.00 |
3,509.78 |
3,05,190.00 |
23,643.82 |
(137.16) |
| Index Options |
42,52,607.00 |
2,69,868.62 |
42,66,682.00 |
2,70,800.50 |
8,05,823.00 |
60,767.31 |
(931.88) |
| Stock Futures |
2,33,954.00 |
12,357.96 |
2,36,670.00 |
12,685.58 |
15,90,478.00 |
90,596.55 |
(327.62) |
| Stock Options |
99,449.00 |
5,279.00 |
1,01,692.00 |
5,386.25 |
1,02,140.00 |
5,499.34 |
(107.25) |
| Total |
46,34,464.00 |
2,90,878.20 |
46,53,837.00 |
2,92,382.11 |
28,03,631.00 |
1,80,507.02 |
(1,503.91) |
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| Corporate News |
In a move that has dashed the hopes for an immediate revival of State-owned telecom carriers, the Prime Minister’s Office (PMO) has rejected a proposal to merge the loss-making Mahanagar Telephone Nigam Ltd (MTNL) with the ailing Bharat Sanchar Nigam Ltd. (BL). |
NTPC has surrendered the Kudanali-Luburi coal block in Odisha allotted to it jointly with Jammu and Kashmir State Power Development Corporation Limited (JKSPDC) in July 2013. (ET).
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Kalyan Jewellers expects the domestic jewellery market to grow in tandem with the organised players. (BL). |
India's largest real-estate developer DLF has been put in the dock yet again for suppressing material information from shareholders. (ET). |
At a time when concerns about overall demand slowdown has intensified, biscuits major Parle Products feels that if immediate steps are not taken to boost consumption, it may lead to retrenchment of its 8,000-10,000 direct and indirect employees. (ET). |
Pharma major Dr Reddy had informed the bourses that it received a Form 483 with eight observations from the US Food and Drug Administration (USFDA) after the audit of its formulations manufacturing plant (Vizag SEZ Plant 1) at Duvvada, Visakhapatnam, Andhra Pradesh. (BL). |
The Ministry of Mines, Government of India, has kept in abeyance the cancellation of the mining lease of Donimalai mine by the Karnataka Government extended to NMDC. (BS). |
Dhunseri Tea and Industries has completed the sale of its branded business to Tata Global Beverages (TGBL). TGBL had, in April this year, entered into an agreement to acquire the branded tea business of Dhunseri Tea for about Rs.101 crore. (ET). |
Drug firm Zydus Cadila on Wednesday said it has received final approval from the US health regulator to market generic Ranolazine Extended-Release tablets used for treatment of chronic angina. (BL). |
Mangalore Refinery and Petrochemicals Limited (MRPL) has shutdown its Phase-3 units as a safety precaution in view of the minor landslide in the area as an aftermath of the monsoon fury in the district. (BL). |
Essar Ports on Wednesday reported a 17.4 per cent growth in cargo volume across its four terminals at 13.5 million tonne for the quarter ended June 30, 2019 |
Procter & Gamble Hygiene and Health Care (P&G), on Wednesday, reported a 36.45 per cent rise in net profit at Rs 60.79 crore for the June-quarter. The company had posted a net profit of Rs 44.55 crore in the year-ago quarter. The company’s total income in the quarter under review stood at Rs 646.98 crore, up 21.73 per cent from Rs 531.48 crore in the same quarter last year, P&G said in a regulatory filing. (BL). |
ITC Limited, the diversified business conglomerate, is seeking to woo students with its wide range of innovative Classmate notebooks, including Pulse 3D range and Selfie cover books. (BL). |
The CBI has booked NDTV promoters Prannoy Roy and his wife Radhika Roy, and others in connection with alleged violation of foreign direct investment (FDI) rules, officials said on Wednesday. (BS). |
Maruti Suzuki India Ltd (MSIL) on Wednesday launched its all-new premium multi purpose vehicle (MPV), the XL6, priced at Rs.9.8-11.5 lakh (ex-showroom, India). (ET). |
Adding Belgaum in Karnataka as its 58th destination, low-cost carrier IndiGo announced on Wednesday that it will start daily flights on Bengaluru-Belgaum route from September 8. (BL). |
Gati said that rating agency CARE revised its outlook on the company's long term loans to negative from stable. Rating agency CARE retained its rating on the company's long term bank facilities of Rs173cr at BBB, but the revised outlook from stable to negativeThe agency also downgraded the rating on short term bank facilities (Rs5cr) to A3 from A3+ earlier. (BS). |
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| Economy and Sector News |
Companies do have the flexibility to choose the ‘appointed date’ of a merger/amalgamation based on occurrence of an event, the Corporate Affairs Ministry (MCA) has said. In more news, with onion retail prices registering a sharp increase in the last fortnight, the Centre on Wednesday decided to rope in Safal, the fresh fruit and vegetable retailing arm of Mother Dairy, to sell it at reasonable prices in the capital, an official statement said. (BL). |
India’s economic growth is set to slow further in the April-June quarter of this year to 5.7 per cent amid contraction in consumption, weak investments and an under-performing service sector, says a Nomura report. According to the global financial services major, even though growth is set to slow further in April-June quarter the economy is expected to see some recovery in the July-September quarter. (ET).
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Hospitality firm OYO on Wednesday said it will add over 3,000 employees across multiple functions in six months to fuel its next phase of growth in India. The development is aligned with the company’s commitment towards investing ₹1,400 crore by the end of 2019 in India and South Asia business, OYO said in a statement. (BL). |
With the closure of open offer, Nippon Life Insurance stake in Reliance Nippon Life Asset Management (RNAM) has risen to 54 per cent. The open offer was part of the stake sale process. Nippon Life floated open offer to acquire nearly 22.49 per cent stake in RNAM for ₹3,179 crore under a deal with Reliance Capital which is exiting the mutual funds business. (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 higher on Wednesday as investors digested some solid figures from major retailers and minutes from the last meeting of the Federal Open Market Committee to be published. The Dow Jones Index closed at 26,203,
up 87.50 points by 0.42%. The Standard & Poors 500 index closed at 2,924, up 23.92 points by 0.82%. The Nasdaq Composite Index closed at 8,020, up 71.65 points by 0.90%.
FTSE 100
UK markets finished higher on Wednesday, helped by a weaker pound as investors eyed minutes from the US Federal Reserve's latest policy meeting which were due out later in the day. The FTSE 100 index closed at 7,204, up 78.97 points by 1.11%. |
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| Global Indices |
| 21/08/2019 |
Clsg |
Chg% |
| Dow Jones |
26,203 |
+0.93 |
| NASDAQ |
8,020 |
8,020 |
| FTSE 100 |
7,204 |
+1.11 |
| Bovespa |
101,202 |
+2.00 |
| 22/08/2019 |
Latest
(5:50AM IST) |
Chg% |
| Nikkei |
20,706 |
+0.42 |
| Hang Seng |
26,270 |
+0.15 |
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Nikkei
Asian shares edged ahead on Thursday after Wall Street got a boost from strong retail results, while bonds retreated as U.S. policy makers sounded conflicted on whether to cut interest rates as sharply as markets were wagering. Nikkei is currently trading at 20,706, up 87.50 points by 0.42%.
Precious Metals
Spot gold was steady at $1,502.53 on Thursday.
Base Metals
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday August 21, gaining by 2.3% on low turnover, while a steady decline in tin futures continued to prompt market concerns.
Crude Oil
Oil prices firmed on Thursday after U.S. government data showed a drawdown in domestic crude stocks. Brent crude futures rose 25 cents to $60.55, while U.S. crude gained 34 cents to $56.02 a barrel. |
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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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