| Morning Notes |
| 04th Dec, 2019 |
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Trading Range:
Nifty opened gap up at 12068 on Tuesday and made a high and low of 12069 and 11956 respectively before closing negative at 11994.
Review/Outlook:
For the day, support for Nifty exists at 11940 and 11880 levels whereas resistance for Nifty stands at 12070 and 12120 levels.
Review/Outlook:
Bank Nifty opened gap up at 31920, made a high of 31937, low of 31503, and closed negative at 31613. For the day, support for Bank Nifty exists at 31400 and 31200 levels whereas resistance for Bank Nifty stands at 31800 and 32000 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
40,675 |
-0.31 |
| Nifty |
11,994 |
-0.45 |
| BSE 200 |
5,013 |
-0.56 |
| BSE Midcap |
14,827 |
-0.95 |
| BSE Smallcap |
13,409 |
-0.74 |
| Dow Jones |
27,503 |
-1.01 |
| NASDAQ |
8,521 |
-0.55 |
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DERIVATIVES INDICATORS FOR DEC 04, 2019:
| NIFTY |
11994.20 (-54.00) (-0.45%) |
| NIFTY DEC FUTURE |
12046.45 (52.25 Points Premium) |
| NIFTY PCR - OI |
1.31(-0.13) |
| NIFTY OPEN INTEREST |
1.41Cr. (+0.66%) |
| INDIA VIX |
14.56 (+2.53%) |
| NIFTY ROLLOVER |
3% |
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NIFTY OPTIONS ACTIVITY (26-DEC SERIES)
| CALL |
12000 CE +2.12 lac Shares |
| CALL |
12200 CE +1.57 lac Shares |
| PUT |
11800 PE +5.12 lac Shares |
| PUT |
11700 PE +2.15 lac Shares |
|
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
17,838 |
-0.50 |
| Bankex |
35,920 |
-0.68 |
| PSU |
6,936 |
-1.04 |
| Healthcare |
13,446 |
-0.54 |
| IT |
14,836 |
+0.59 |
|
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| Market Turn Over (`cr) |
| Index |
03/12 |
02/12 |
| BSE Cash |
7,088 |
2,583 |
| NSE Cash |
33,706 |
39,362 |
| NSE F&O |
978,982 |
816,662 |
| BSE Delivery % |
51.88 |
36.49 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
16.83 |
83.17 |
| BSE 200 |
24.38 |
75.12 |
| BSE 500 |
27.00 |
72.40 |
| Total BSE |
31.26 |
61.26 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
56.31 |
+0.37 |
| Gold Rs./ 10 Gms |
38250.00 |
+0.79 |
| Silver Rs./ Kg |
44620.00 |
+0.62 |
| Rs.- US $ |
71.78 |
+0.15 |
| Rs.- Euro |
79.52 |
+0.16 |
|
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| FII (Rs cr ) |
|
03/12* |
02/12* |
| FIIs |
-1447.71 |
-751.15 |
| 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 |
25,938.00 |
2,021.59 |
29,458.00 |
2,389.39 |
1,50,147.00 |
12,766.02 |
(367.80) |
| Index Options |
26,93,439.00 |
1,91,455.59 |
26,91,486.00 |
1,91,278.30 |
5,43,131.00 |
45,566.12 |
177.29 |
| Stock Futures |
2,22,354.00 |
11,910.49 |
2,43,973.00 |
12,515.27 |
15,93,060.00 |
94,822.17 |
(604.78) |
| Stock Options |
61,215.00 |
3,279.14 |
62,303.00 |
3,317.47 |
47,766.00 |
2,591.74 |
(38.33) |
| Total |
30,02,946.00 |
2,08,666.81 |
30,27,220.00 |
2,09,500.43 |
23,34,104.00 |
1,55,746.05 |
(833.62) |
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| Corporate News |
Wipro Consumer Care has signed a definitive agreement to acquire Canway Corporation, a South African personal- care company that markets the Oh So Heavenly premium personal care brand, Iwori African skin care brand andIQderma skin-care brand brands. The transaction is subject to the approvals of the regulatorsy authorities. (BL). |
With input costs increasing at various levels, India's largest passenger car maker, Maruti Suzuki India (MSIL) on Tuesday said it will increase the prices of its products across models from January 2020. (ET). |
Fairfax's Thomas Cook (India) on Tuesday announced that it has signed an agreement with Thomas Cook United Kingdom (UK) to acquire the rights to the Thomas Cook brand in India, Sri Lanka and Mauritius for a one-time payment of approximately Rs 13.9 crore. The company in a statement said that it signed am agreement with AlixPartners, which is appointed Special Managers, to acquire the rights. (BL). |
The Nitte-based Justice KS Hegde Institute of Management (JKSHIM), in association with Karnataka Bank Ltd, will conduct ‘Nitte-KBL MSME Conclave and Business Excellence Awards 2019’ in Mangaluru on December 7. (ET). |
The committee of creditors (CoC) overseeing the bankruptcy resolution of Reliance Communications (RCom) expects to raise at least Rs 14,000 crore from the sale of the telco’s assets, including spectrum, fibre and towers, based on bids received. (BL). |
The acquisition of Lakadia Vadodara Transmission Project Limited (LVTPL), is expected to give a leg up for Sterlite Power in the Indian transmission sector. Sterlite Power has acquired Lakadia Vadodara Transmission Project Limited (LVTPL) from PFC Consulting Limited. (ET). |
JSW Steel expects to supply high quality JSW Neosteel TMT Rebars worth Rs 600 crore to various Metro rail projects under construction this fiscal. (ET). |
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| Economy and Sector News |
Hyderabad-based Bharat Biotech launched its advanced version of rotavirus vaccine – Rotavac 5D, to tackle viral diarrhoea, on Tuesday. While all other variants of rotavirus vaccine manufactured by competitors are at 2-2.5 ml per dose, Bharat Biotech has concentrated the larger dose into 0.5 ml quantity, an official from the company said. . (BL). |
Electronica Finance (EFL) has raised over Rs 100 crore ($15 million) through issuance of Compulsorily Convertible Preference shares to fund new rooftop solar projects. (ET).
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Sugar mills in India produced 18.85 lakh tonnes (LT) of sugar till November 30 in sugar season (October to September) 2019-20, 54 per cent lower than the 40.69 LT produced during the corresponding period in the previous year, said an Indian Sugar Mills Association (ISMA) press release on Tuesday. (BL). |
Coal India Ltd’s (CIL) coal production dipped by around 4 per cent to 50.02 million tonne (mt) in November 2019 compared to 52 mt the same period last year. Coal offtake dropped by around 7 per cent to 47.37 mt in November against 51 mt the same period last year. On a month-on-month basis, however, coal production was higher by around 27 per cent in November compared to October 2019, said a press statement issued by CIL. Similarly, coal offtake for November 2019 grew by almost 17 per cent on a month-on-month basis to 47.37 mt as against 40.5 mt in October this 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 recorded further losses on Tuesday following comments from Donald Trump at Nato's 70th-anniversary event in London. The Dow Jones Index closed at 27,502, down 280.23 points by 1.01%. The Standard & Poors 500 index closed at 3,093, down 20.67 points by 0.66%. The Nasdaq Composite Index closed at 8,521, down 47.34 points by 0.55%.
FTSE 100
UK markets finished sharply lower on Tuesday after US President Donald Trump suggested that a trade deal with China may not be reached until after the November 2020 US elections, while a stronger pound and uninspiring data also weighed. The FTSE 100 index closed at 7,159, down 127.18 points by 1.75%. |
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| Global Indices |
| 03/12/2019 |
Clsg |
Chg% |
| Dow Jones |
27,502 |
-1.01 |
| NASDAQ |
8,521 |
-0.55 |
| FTSE 100 |
7,159 |
-1.75 |
| Bovespa |
108,956 |
+0.03 |
| 04/12/2019 |
Latest
(7:14AM IST) |
Chg% |
| Nikkei |
23,096 |
-1.21 |
| Hang Seng |
26,071 |
-1.21 |
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Nikkei
Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing market hopes for a quick preliminary agreement. Nikkei is currently trading at 23,096, down 283.93 points by 1.21%.
Precious Metals
Gold XAU= was steady at $1,477.20 per ounce on Wednesday.
Base Metals
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Tuesday November 3, with this morning’s fresh cancelation of 1,326 tonnes doing little to negate selling pressure, while the metal’s benchmark cash/three-month spread reached its widest level since July.
Crude Oil
U.S. West Texas Intermediate (WTI) crude CLc1 steadied to gain 0.61% to $56.44 per barrel, after sliding following Trump’s comments on Wednesday. |
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