| Morning Notes |
| 28th Nov, 2019 |
|
 |
| |
Trading Range:
Nifty opened gap up at 12068 on Wednesday and made a high and low of 12115 and 12055 respectively before closing positive at 12101.
Review/Outlook:
For the day, support for Nifty exists at 12040 and 11990 levels whereas resistance for Nifty stands at 12180 and 12250 levels.
Review/Outlook:
Bank Nifty opened gap up at 31833, made a high of 31917, low of 31734, and closed positive at 31876. For the day, support for Bank Nifty exists at 31600 and 31400 levels whereas resistance for Bank Nifty stands at 32000 and 32200 levels. |
|
| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
41,021 |
+0.49 |
| Nifty |
12,101 |
+0.52 |
| BSE 200 |
5,054 |
+0.57 |
| BSE Midcap |
14,915 |
+0.82 |
| BSE Smallcap |
13,437 |
+0.19 |
| Dow Jones |
28,164 |
+0.15 |
| NASDAQ |
8,705 |
+0.66 |
|
|
| |
DERIVATIVES INDICATORS FOR NOV 28, 2019:
| NIFTY |
12100.70 (+63.00) (+0.52%) |
| NIFTY NOV FUTURE |
12108.55 (7.85 Points Premium) |
| NIFTY PCR - OI |
1.64(+0.05) |
| NIFTY OPEN INTEREST |
1.84Cr. (-1.63%) |
| INDIA VIX |
14.61 (-1.48%) |
| NIFTY ROLLOVER |
63% |
|
|
NIFTY OPTIONS ACTIVITY (28-NOV SERIES)
| CALL |
12150 CE +2.22 lac Shares |
| CALL |
12200 CE +2.34 lac Shares |
| PUT |
12100 PE +13.02 lac Shares |
| PUT |
12050 PE +5.84 lac Shares |
|
|
| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
18,351 |
+1.22 |
| Bankex |
36,109 |
+0.43 |
| PSU |
7,047 |
+0.95 |
| Healthcare |
13,647 |
+0.70 |
| IT |
14,877 |
+0.62 |
|
|
| Market Turn Over (`cr) |
| Index |
27/11 |
26/11 |
| BSE Cash |
2,207 |
2,569 |
| NSE Cash |
35,216 |
82,984 |
| NSE F&O |
1,208,610 |
1,391,009 |
| BSE Delivery % |
43.94 |
36.73 |
|
|
| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
73.27 |
26.73 |
| BSE 200 |
65.67 |
34.33 |
| BSE 500 |
53.29 |
46.31 |
| Total BSE |
44.89 |
47.67 |
|
|
| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
58.11 |
-0.51 |
| Gold Rs./ 10 Gms |
37525.00 |
-0.51 |
| Silver Rs./ Kg |
44040.00 |
-0.89 |
| Rs.- US $ |
71.24 |
-0.31 |
| Rs.- Euro |
78.41 |
-0.43 |
|
|
| FII (Rs cr ) |
|
27/11* |
26/11* |
| FIIs |
+4515.33 |
+1986.63 |
| MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
|
|
|
| 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 |
82,301.00 |
7,002.36 |
86,223.00 |
7,373.17 |
2,43,829.00 |
20,746.89 |
(370.81) |
| Index Options |
30,15,078.00 |
2,13,507.88 |
30,14,717.00 |
2,13,433.22 |
7,19,632.00 |
61,355.74 |
74.66 |
| Stock Futures |
6,32,014.00 |
37,617.40 |
6,19,597.00 |
37,088.19 |
16,75,855.00 |
1,00,168.34 |
529.21 |
| Stock Options |
57,688.00 |
3,585.10 |
56,902.00 |
3,515.86 |
63,177.00 |
3,498.63 |
69.24 |
| Total |
37,87,081.00 |
2,61,712.74 |
37,77,439.00 |
2,61,410.44 |
27,02,493.00 |
1,85,769.60 |
302.30 |
|
|
| Corporate News |
Gurugram-based SRL Diagnostics is recognised as the cash-cow of parent company Fortis Healthcare Ltd. However, over the past four years, the number of brand collection centres of the lab chain has fallen, even as its rivals leap ahead. (BL). |
Tata Motors has christened its upcoming flagship SUV as Tata GRAVITAS, which is set to be launched in February 2020. The company said in a release on Tuesday that this is set to strengthen its SUV portfolio further. (ET). |
JSW Cement plans to invest Rs.2,875 crore to enhance capacity to 25 million tonnes per annum from 14 mtpa by 2023. (BL). |
Hinduja Group flagship firm Ashok Leyland on Wednesday said it has entered into a strategic partnership with Axis Bank for financing commercial vehicles. The partnership with Axis Bank is for two years and it will enable to offer customised financial solutions to customers based across India, including semi-urban and rural regions, the company said in a regulatory filing. In more news, Commercial vehicle manufacturer Ashok Leyland announced that it has bagged an order for 1,750 buses from Tamil Nadu State Transport Undertaking (TN STU). This order comes closely on the back of orders received from various state transport undertakings recently, the Hinduja Group company said in a press statement. (ET). |
Global telecom equipment maker UTStarcom is planning to set up its manufacturing plant and a research and development centre in India after the State-run telecom firm Bharat Sanchar Nigam Limited (BSNL) clears its dues. (ET). |
Biotechnology major Biocon on Wednesday said that US health regulator has approved its and Mylan’s supplemental biologics licence application for a drug substance to be manufactured at its new facility in Bengaluru. (BS). |
|
|
| Economy and Sector News |
The government has approved a proposal to increase the authorised capital of state-owned Food Corporation of India (FCI) to Rs.10,000 crore from the existing Rs.3,500 crore. The decision was taken at a meeting of the Cabinet Committee for Economic Affairs (CCEA) on Wednesday. (BL). |
The US has created a “new normal” at the World Trade Organization’s highest court for resolving global trade disputes. Washington imposed wrenching conditions on the use of funds for Appellate Body (AB) members that would require the WTO Secretariat to spend only CHF 1,00,000 ($1,00,240), down from CHF 7,91,000 ( $7,93,056) to adjudicate a trade dispute, trade envoys said. (ET).
|
Global rating agency Moody’s expects the Centre’s fiscal deficit to touch 3.7 per cent of the GDP. For all States put together, it is estimated to be three per cent. The Centre has targeted to keep the deficit at 3.3 per cent for the current fiscal (2019-20), but it has already reached 92.6 per cent of the Budget estimate in first six months of the current fiscal. In more news, India’s crude steel output fell 3.4 per cent to 9.089 million tonne (MT) during October 2019, according to World Steel Association (worldsteel). The country had produced 9.408 MT crude steel during the same month a year-ago, the global industry body said in its latest report. (BL). |
The Cabinet has approved India’s negotiating stand at the upcoming 25th Conference of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC). The meeting is scheduled to be held in Madrid, Spain (under the Presidency of Chile) from December 2 to 13. In more news, the telecom sector's gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates, said Telecom Minister Ravi Shankar Prasad on Wednesday. Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, Prasad said in a written reply to a question in the Lok Sabha. (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
|
|
| Global Markets |
| |
DJIA and NASDAQ Composite
US markets edged up for a fourth straight day to score another round of records Wednesday, supported by rosier U.S. economic data and ongoing hopes for a U.S. - China trade deal, but Wall Street trading volumes were thinner than usual ahead of the Thanksgiving Day holiday Thursday. The Dow Jones Index closed at 28,164,
up 42.32 points by 0.15%. The Standard & Poors 500 index closed at 3,154, up 13.11 points by 0.42%. The Nasdaq Composite Index closed at 8,705, up 57.24 points by 0.66%.
FTSE 100
UK markets finished in the green on Wednesday, with tobacco stocks on the up after a well-received update from British American Tobacco, and investor sentiment underpinned by optimism over a China-US trade deal. The FTSE 100 index closed at 7,429, up 26.64 points by 0.36%. |
| |
|
|
| Global Indices |
| 27/11/2019 |
Clsg |
Chg% |
| Dow Jones |
28,164 |
+0.15 |
| NASDAQ |
8,705 |
+0.66 |
| FTSE 100 |
7,429 |
+0.36 |
| Bovespa |
107,708 |
+0.61 |
| 28/11/2019 |
Latest
(4:44AM IST) |
Chg% |
| Nikkei |
23,438 |
+0.28 |
| Hang Seng |
26,954 |
+0.15 |
|
Nikkei
Asian shares ticked higher on Wednesday as more upbeat signals from Sino-U.S. trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing U.S. economy. Nikkei is currently trading at 23,438, up 64.45 points by 0.28%.
Precious Metals
Gold for February delivery GCG20, +0.16%, the most active contract on Comex, fell $6.60, or 0.4%, to end Wednesday at $1,460.80 an ounce, as buoyant demand for U.S. stocks ahead of the Thanksgiving holiday kept pressure on the precious metal.
Base Metals
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Wednesday November 27, falling by a little more than 1% on thin turnover, while strength in the US economy did little to boost risk-off sentiment toward the base metals complex.
Crude Oil
Oil prices slipped Wednesday after official U.S. inventory data posted an unexpected rise in the latest week but remain near their highest levels in about eight weeks. |
| |
|
| |
 |
| |
Retail Research Desk:
Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Vrinda Aditya D: 91 22 2858 3209
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 |
| |
 |
| |
Follow us on: |
|
|
 |
| |
     |
|
|
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 brokerage 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. |
| |
|
|
|
|
|
|
|