| Morning Notes |
| 25th Nov, 2019 |
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Trading Range:
Nifty opened flat at 11967 on Friday and made a high and low of 11968 and 11883 respectively before closing negative at 11914.
Review/Outlook:
For the day, support for Nifty exists at 11880 and 11800 levels whereas resistance for Nifty stands at 11970 and 12020 levels.
Review/Outlook:
Bank Nifty opened gap up at 31390, made a high of 31394, low of 31055, and closed negative at 31112. For the day, support for Bank Nifty exists at 30900 and 30700 levels, whereas resistance for Bank Nifty stands at 31300 and 31500 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
40,359 |
-0.53 |
| Nifty |
11,914 |
-0.45 |
| BSE 200 |
4,979 |
-0.38 |
| BSE Midcap |
14,738 |
-0.14 |
| BSE Smallcap |
13,353 |
-0.03 |
| Dow Jones |
27,876 |
+0.39 |
| NASDAQ |
8,519 |
+0.16 |
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DERIVATIVES INDICATORS FOR NOV 25, 2019:
| NIFTY |
11914.40 (-54.00) (-0.45%) |
| NIFTY NOV FUTURE |
11914.50 (0.10 Points Premium) |
| NIFTY PCR - OI |
1.31(-0.22) |
| NIFTY OPEN INTEREST |
1.51Cr. (-6.25%) |
| INDIA VIX |
14.87 (-0.68%) |
| NIFTY ROLLOVER |
13% |
|
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NIFTY OPTIONS ACTIVITY (28-NOV SERIES)
| CALL |
11900 CE +11.89 lac Shares |
| CALL |
12000 CE +10.80 lac Shares |
| PUT |
12000 PE -3.90 lac Shares |
| PUT |
11700 PE -7.13 lac Shares |
|
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
17,990 |
+0.39 |
| Bankex |
35,198 |
-0.74 |
| PSU |
7,006 |
+0.37 |
| Healthcare |
13,401 |
-0.15 |
| IT |
14,869 |
-2.21 |
|
|
| Market Turn Over (`cr) |
| Index |
22/11 |
21/11 |
| BSE Cash |
2,272 |
2,360 |
| NSE Cash |
34,800 |
42,789 |
| NSE F&O |
766,847 |
2,361,815 |
| BSE Delivery % |
34.02 |
37.79 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
46.53 |
53.47 |
| BSE 200 |
40.80 |
59.20 |
| BSE 500 |
41.92 |
57.68 |
| Total BSE |
44.42 |
48.82 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
57.77 |
-1.38 |
| Gold Rs./ 10 Gms |
37895.00 |
-0.15 |
| Silver Rs./ Kg |
44480.00 |
-0.58 |
| Rs.- US $ |
71.79 |
+0.01 |
| Rs.- Euro |
79.12 |
-0.11 |
|
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| FII (Rs cr ) |
|
22/11* |
21/11* |
| FIIs |
+5006.08 |
+427.96 |
| 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 |
32,363.00 |
2,397.49 |
41,186.00 |
3,230.02 |
2,14,856.00 |
17,773.24 |
(832.53) |
| Index Options |
20,26,568.00 |
1,44,795.23 |
20,17,441.00 |
1,44,116.43 |
6,73,022.00 |
56,598.65 |
678.80 |
| Stock Futures |
2,53,271.00 |
14,321.80 |
2,52,330.00 |
14,363.77 |
16,13,959.00 |
94,701.24 |
(41.97) |
| Stock Options |
1,06,781.00 |
6,717.93 |
1,06,396.00 |
6,709.09 |
91,526.00 |
5,115.30 |
8.84 |
| Total |
24,18,983.00 |
1,68,232.45 |
24,17,353.00 |
1,68,419.31 |
25,93,363.00 |
1,74,188.43 |
(186.86) |
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| Corporate News |
Aurobindo Pharma expects to become a debt free company in the three next years barring the amount it is spending on acquisition of Sandoz products, a senior official of the city-based company has said. (BL). |
In a bid to offer great transparency and to enhance customer experience, Bharat Petroleum Corporation Ltd (BPCL) launched a slew of advance technology and digital initiatives. (ET). |
L&T Valves, a wholly-owned subsidiary of Larsen & Toubro, has received the ‘Green Channel Status’ from the Indian government. (BL). |
SAIL is awaiting a response from ArcelorMittal regarding setting up a joint high-end automotive steel plant in India for which its board had given the go-ahead about two years ago, a top company official of the state-run steel major said. (ET). |
The American health regulator has pulled up Torrent Pharmaceuticals’ US-based subsidiary for violations of good manufacturing practices, including a lack of adequately designed equipment and packing material. (ET). |
Lenders of beleaguered Reliance Communications (RCom) have rejected the resignations of its directors, including that of Chairman Anil Ambani, and want them to continue with their duties till the completion of the insolvency process. (BS). |
Lenders of Jaypee Infratech will meet on November 28 for further discussions on bids submitted by state-owned NBCC and Mumbai-based Suraksha Realty to acquire the debt-laden realty firm in the ongoing insolvency process. In a regulatory filing, Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain said “a meeting of Committee of Creditors will be held on November 28”. The agenda of the meeting was not disclosed. (BL). |
Ashoka Buildcon on Saturday said its subsidiary Ashoka Concessions Ltd (ACL) has received a Letter of Award (LOA) from NHAI for a highway project in Telangana worth Rs 1,000 crore. (BL). |
Power Grid declared as successful bidder in 2 intra-state transmission system projects of UP under tariff based competitive bidding. (MQ). |
Vodafone Idea CRISIL cut company's NCDs rating to BBB- with negative watch. CARE Ratings downgrades its rating on Long Term Bank Facilities and Non-Convertible Debentures rating to CARE BBB-. (MQ). |
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| Economy and Sector News |
Men’s denim and casual wear brand, Mufti, is looking to expand presence in Tier-3 towns even as it focusses on expanding the offerings basket. The brand recently introduced footwear and athleisure as new categories and is now looking at more variants. (BL). |
Amid criticism over high joblessness rate, a survey by the National Statistical Office (NSO) on Saturday showed that urban unemployment rate dropped to the lowest level in four quarters at 9.3 per cent during January-March 2019. (ET).
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Boeing unveiled its latest version of the 737 MAX on Friday even as the aircraft remains grounded globally following two deadly crashes. Officials unveiled the 737 MAX 10 at a company ceremony at Boeing’s Renton, Washington factory and released a photograph of the white and blue plane emblazoned with the Boeing logo. (BL). |
The delay in kharif harvesting may have eaten into rabi sowing in many parts of the country with the total area sown with winter crops remaining at 251 lakh hectares, about 10 per cent lower than the 276.83 lh planted in the corresponding week last year. (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 Friday ahead of the Thanksgiving Day holiday as stocks snapped the three-day losing streak that halted its historic rally. The Dow Jones Index closed at 27,876,
up 109.33 points by 0.39%. The Standard & Poors 500 index closed at 3,111, up 6.75 points by 0.22%. The Nasdaq Composite Index closed at 8,520, up 13.67 points by 0.16%.
FTSE 100
UK markets rose at the end of the week on Friday as sterling fell after the release of weak PMI data, with sentiment underpinned by renewed optimism about a China-US trade deal. The FTSE 100 index closed at 7,326, up 88.26 points by 1.22%. |
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| Global Indices |
| 22/11/2019 |
Clsg |
Chg% |
| Dow Jones |
27,876 |
+0.39 |
| NASDAQ |
8,520 |
+0.16 |
| FTSE 100 |
7,326 |
+1.22 |
| Bovespa |
108,693 |
+1.11 |
| 25/11/2019 |
Latest
(7:27AM IST) |
Chg% |
| Nikkei |
23,315 |
+0.87 |
| Hang Seng |
26,999 |
+1.52 |
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Nikkei
Asian shares made guarded gains on Monday as investors braced for another week of likely conflicting commentary on the Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. Nikkei is currently trading at 23,315, up 201.20 points by 0.87%.
Precious Metals
Spot gold was flat at $1,460.62 per ounce, restrained by the bounce in the dollar on Monday.
Base Metals
Base metals prices on the London Metal Exchange consolidated at the close of trading on Friday November 22, with nickel futures notching a 1% rise over the day against sideways trading and moderate turnover generally.
Crude Oil
Oil prices on Monday held near two-month highs helped by expectations of an extension to OPEC+ production cuts. Brent crude futures firmed 19 cents to $63.58, while U.S. crude rose 24 cents to $58.01 a barrel. |
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Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Vrinda Aditya D: 91 22 2858 3209
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Email: retailresearch@acm.co.in
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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
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