| Morning Notes |
| 20th Dec, 2019 |
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Trading Range:
Nifty opened flat at 12223 on Thursday and made a high and low of 12268 and 12191 respectively before closing positive at 12260.
Review/Outlook:
For the day, support for Nifty exists at 12190 and 12100 levels whereas resistance for Nifty stands at 12310 and 12350 levels.
Review/Outlook:
Bank Nifty opened gap up at 32282, made a high of 32328, low of 32085, and closed flat at 32241. For the day, support for Bank Nifty exists at 32000 and 31800 levels whereas resistance for Bank Nifty stands at 32400 and 32600 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
41,674 |
+0.28 |
| Nifty |
12,260 |
+0.31 |
| BSE 200 |
5,096 |
+0.25 |
| BSE Midcap |
14,814 |
+0.17 |
| BSE Smallcap |
13,395 |
+0.06 |
| Dow Jones |
28,377 |
+0.49 |
| NASDAQ |
8,887 |
+0.67 |
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DERIVATIVES INDICATORS FOR DEC 20, 2019:
| NIFTY |
12259.70 (+38.05) (+0.31%) |
| NIFTY DEC FUTURE |
12268.95 (9.25 Points Premium) |
| NIFTY PCR - OI |
1.90(+0.17) |
| NIFTY OPEN INTEREST |
1.61 Cr. (+3.48%) |
| INDIA VIX |
12.12 (-1.74%) |
| NIFTY ROLLOVER |
18% |
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NIFTY OPTIONS ACTIVITY (26-DEC SERIES)
| CALL |
12300 CE +2.77 lac Shares |
| CALL |
12400 CE +6.83 lac Shares |
| PUT |
12250 PE +5.62 lac Shares |
| PUT |
12200 PE +13.71 lac Shares |
|
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
18,275 |
+1.05 |
| Bankex |
36,749 |
-0.05 |
| PSU |
6,817 |
+0.13 |
| Healthcare |
13,454 |
+0.06 |
| IT |
15,649 |
+0.88 |
|
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| Market Turn Over (`cr) |
| Index |
19/12 |
18/12 |
| BSE Cash |
1,834 |
2,585 |
| NSE Cash |
32,839 |
36,407 |
| NSE F&O |
2,812,246 |
1,335,544 |
| BSE Delivery % |
40.76 |
45.21 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
57.43 |
42.57 |
| BSE 200 |
59.20 |
39.30 |
| BSE 500 |
50.10 |
48.50 |
| Total BSE |
46.83 |
46.75 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
61.22 |
+0.48 |
| Gold Rs./ 10 Gms |
38109.00 |
+0.52 |
| Silver Rs./ Kg |
44796.00 |
+0.79 |
| Rs.- US $ |
71.32 |
+0.44 |
| Rs.- Euro |
79.31 |
+0.48 |
|
|
| FII (Rs cr ) |
|
19/12* |
18/12* |
| FIIs |
+1852.60 |
+1212.97 |
| 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 |
40,826.00 |
3,445.79 |
32,330.00 |
2,626.73 |
1,85,105.00 |
16,152.67 |
819.06 |
| Index Options |
54,90,174.00 |
3,87,294.07 |
54,56,749.00 |
3,84,478.54 |
5,78,424.00 |
51,102.62 |
2,815.53 |
| Stock Futures |
2,47,797.00 |
14,359.40 |
2,28,414.00 |
14,025.02 |
15,94,695.00 |
98,576.98 |
334.38 |
| Stock Options |
74,975.00 |
4,977.84 |
73,960.00 |
4,892.88 |
63,548.00 |
3,624.85 |
84.96 |
| Total |
58,53,772.00 |
4,10,077.10 |
57,91,453.00 |
4,06,023.17 |
24,21,772.00 |
1,69,457.12 |
4,053.93 |
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| Corporate News |
Piramal Enterprises Ltd on Thursday said it has raised Rs 1,750 crore from Caisse de dépôt et Placement du Québec (CDPQ) through preferential allotment. The compulsory conversion of CCDs into equity shares will take place within 18 months from date of allotment, the company said in a statement. PEL has set the record date of December 31, 2019, for the Rights Issue. (BL). |
Lenders to Sintex Industries Ltd. rejected a debt restructuring plan by the company and intended to push it into bankruptcy. According to the resolution proposal, the textile company will be able to service only 30 per cent of its Rs.6,300 crore ($888 million) of bank loans, the people said, asking not to be named, as the information isn’t public. The plan also included infusion of about Rs.200 crore into Sintex by two other yarn producers, the people said. (ET). |
Justice D K Jain (Retired) has given his nod for the the sale of IL&FS education business to Career Point Publications Private Limited (CPPPL). In November, the committee of creditors of IL& FS had approved the sale of the education business, which would reduce its debt by Rs 600 crore, a paltry amount when compared to the Rs 91,000 crore it owes. (BL). |
Tata Motors on Thursday unveiled Nexon EV, the company’s first electric SUV for personal buyers which uses the company’s new electric vehicle technology platform Ziptron. (ET). |
Top electricity generator NTPC has rejected the emissions-cutting technology of GE and other foreign firms for its coal-fired plants, documents show, shutting them out of an estimated $2 billion in orders. (BL). |
Suven Life Sciences Limited has undergone USFDA renewal inspection at their facility in Pashamylaram near Hyderabad for the manufacture and supply of active pharmaceutical ingredients (bulk drugs), intermediates and formulations under cGMP during Oct 21 through Nov 1, 2019. Based on this FDA inspection and the review thereafter, FDA has determined that the inspection classification of this facility is “voluntary action indicated” (“VAI”). (BL). |
Bajaj Finance will be in focus as the co acquired 24 lakh shares or 10 percent stake in Karvy Data Management Services pursuant invocation of pledged shares of the company for recovery of outstanding dues of Karvy Stock Broking. (BQ). |
In a first, the Reserve Bank of India (RBI) announced a simultaneous sale and purchase of government bonds under the Open Market Operations mechanism, on lines of the “Operation Twist” that was last adopted by the US Federal Reserve in 2013. ‘Operation Twist’ is when the central bank uses the proceeds from sale of short-term securities to buy long-term government debt papers, leading to easing of interest rates on the long term papers. (BQ). |
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| Economy and Sector News |
Energy Efficiency Services Ltd (EESL) has signed a Memorandum of Understanding (MoU) with Baghirathi Sustainability India to explore promoting electric vehicles in India. With this partnership, EESL seeks to deploy around 250 EVs and fast-track the adoption of e-mobility within private and government agencies, starting with Karnataka, Telangana and Andhra Pradesh. Baghirathi Sustainability currently operates a fleet of around 131 EVs in India. (BL). |
Bengaluru-based Utkal Tubers India Pvt Ltd, a potato seed producer, proposes to raise additional capital of $5 million over the next 12 months to fund its expansion plans. In more news, the Kerala Infrastructure Investment Fund Board (KIIFB), the infrastructure funding arm of the Kerala government, has disbursed Rs 390 crore as the first instalment of a Rs 5,200-crore grant to the National Highways Authority of India (NHAI) to part finance the four/six-laning of some 565 km of national highways in the state. (ET).
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Domestic air passenger traffic growth is expected to reduce to a six-year low of 4.5 per cent in fiscal 2020 after five years of double-digit growth, according to ICRA. The temporary suspension of operations by Jet Airways, the grounding of the Boeing 737 MAX aircraft and technical issues with the Airbus A-320 New Engine Option (NEO) have impacted the industry’s capacity and passenger growth, ICRA said in a study. (BL). |
India’s farm produce exports have seen a sharp decline in the first seven months of the current financial year on weak demand and poor realisations. The total value of shipments including major products such as basmati rice and buffalo meat fell 16 per cent in dollar terms to $8.8 billion in April-October, against $10.5 billion in the same period last year. In rupee terms, the shipments were down 15 per cent to Rs.61,681 crore (Rs.72,523 crore in same period last year), according to the latest figures released by the Agricultural and Processed Foods Export Development Authority (APEDA) under the Commerce Ministry. (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 finished in the green on Thursday, with Wall Street’s main boards once again beating records, as investors shrugged off the news of the US President's impeachment amid some mixed economic data. The Dow Jones Index closed at 28,377, up 137.68 points by 0.49%. The Standard & Poors 500 index closed at 3,205, up 14.23 points by 0.45%. The Nasdaq Composite Index closed at 8,887, up 59.49 points by 0.67%.
FTSE 100
UK markets finished positively Thursday, after the Bank of England stood pat put on interest rates, saying that it still expected economic growth in Britain to pick up as Brexit uncertainties eased and global growth staged a modest recovery. The FTSE 100 index closed at 7,574, up 33.07 points by 0.44%. |
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| Global Indices |
| 19/12/2019 |
Clsg |
Chg% |
| Dow Jones |
28,377 |
+0.49 |
| NASDAQ |
8,887 |
+0.67 |
| FTSE 100 |
7,574 |
+0.44 |
| Bovespa |
115,131 |
+0.71 |
| 20/12/2019 |
Latest
(6:38AM IST) |
Chg% |
| Nikkei |
23,824 |
-0.17 |
| Hang Seng |
27,800 |
-0.30 |
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Nikkei
Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month. Nikkei is currently trading at 23,824, down 40.98 points by 0.17%.
Precious Metals
Spot gold was flat at $1,479.00 per ounce XAU=, and up just a fraction for the week so far on Friday.
Base Metals
Base metals prices other than lead closed higher on the London Metal Exchange on Thursday December 19, bolstered by an injection of liquidity into China’s open markets, while a weaker US dollar index also proved supportive.
Crude Oil
Oil prices consolidated on Friday after reaching the highest level in three months, buoyed by falling crude inventories and the easing in U.S.-China trade tensions. Early Friday, U.S. crude CLc1 had eased back 11 cents to $61.07 a barrel, while Brent crude LCOc1 futures were yet to trade. |
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Retail Research Desk:
Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213
Karan Desai D: 91 22 2858 3221
Email: retailresearch@acm.co.in
Research Analyst Registration Number:
INH000002483
CIN: U65990MH1993PLC075388 |
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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
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Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
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