Morning Notes
27th Sep, 2019
 

Trading Range:

Nifty opened gap up at 11470 on Thursday and made a high and low of 11611 and 11466 respectively before closing positive at 11571.

Review/Outlook:

For the day, support for Nifty exists at 11500 and 11440 levels whereas resistance for Nifty stands at 11640 and 11710 levels.

Review/Outlook:

Bank Nifty opened gap up at 29641, made a high of 30718, low of 29627, and closed positive at 30003. For the day, support for Bank Nifty exists at 29700 and 29500 levels whereas resistance for Bank Nifty stands at 30400 and 30600 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,989 +1.03
Nifty 11,571 +1.15
BSE 200 4,845 +1.14
BSE Midcap 14,355 +0.92
BSE Smallcap 13,440 +0.42
Dow Jones 26,891 -0.30
NASDAQ 8,031 -0.58
 

DERIVATIVES INDICATORS FOR SEP 27, 2019:

NIFTY 11571.20 (+131.00) (+1.15%)
NIFTY OCT FUTURE 11630.85 (59.65 Points Premium)
NIFTY PCR - OI 1.33(+0.06)
NIFTY OPEN INTEREST 1.54Cr. (-23.19%)
INDIA VIX 16.34 (+1.07%)
NIFTY ROLLOVER 73%

NIFTY OPTIONS ACTIVITY (31-OCT SERIES)

CALL 11600 CE +1.71 lac Shares
CALL 11800 CE +3.08 lac Shares
PUT 11500 PE +2.04 lac Shares
PUT 11400 PE +5.30 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,145 +2.49
Bankex 33,938 +1.68
PSU 6,785 +2.09
Healthcare 12,892 +0.66
IT 15,396 -0.55
 
Market Turn Over (`cr)
Index 26/09 25/09
BSE Cash 5,339 2,968
NSE Cash 48,849 39,830
NSE F&O 3,343,697 1,570,828
BSE Delivery % 48.49 43.41
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 76.24 23.76
BSE 200 69.15 30.85
BSE 500 60.20 39.00
Total BSE 47.52 46.47
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 56.36 -0.09
Gold Rs./ 10 Gms 37794.00 +0.51
Silver Rs./ Kg 46380.00 -0.87
Rs.- US $ 71.06 -0.15
Rs.- Euro 77.56 -0.49
FII (Rs cr )
26/09* 25/09*
FIIs -352.32 -747.05
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    1,35,237.00     10,214.68    1,20,052.00       9,134.59    1,54,305.00     12,894.72  1,080.09
Index Options  74,98,862.00  5,11,053.11  74,58,601.00  5,07,732.54    4,62,257.00     37,845.24  3,320.57
Stock Futures    4,19,322.00     24,835.45    4,10,847.00     24,571.38  15,02,264.00     92,252.38     264.07
Stock Options       56,473.00       3,587.65       55,264.00       3,550.56       12,062.00         742.60       37.09
Total  81,09,894.00  5,49,690.89  80,44,764.00  5,44,989.07  21,30,888.00  1,43,734.94  4,701.82
Corporate News
Eveready Industries, the country’s largest dry-cell battery maker, is looking to raise nearly Rs 250-300 crore from sale of non-core assets, primarily land, and other real estate, as it looks to reduce debt and de-leverage its balance sheet. (BL).
The Anil Ambani-led Reliance Group has selected KC College auditorium as venue for his companies’ AGMs this year, giving its traditional venue a royal miss. (ET).
From setting up scrapyards to steel recycling plants to developing new materials such as graphene, Tata Steel is looking to seed new businesses in a bid to limit the impact of uncertain steel pricing on its revenues. (BL).
Largest private sector lender HDFC Bank has emerged as the most valued Indian brand at USD 22.70 billion. (ET).
Ford Motor Co is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd after failing to make meaningful inroads for more than two decades in the world’s fourth-largest automobile market. (ET).
Two studies related to new mothers and babies, sponsored by Switzerland-based multi-national Nestle, have been found illegal by the Indian Council of Medical Research (ICMR). The research body noted this after forming a committee to discuss the issue. (BL).
In line with its strategy to add premium offerings under its power brands in India, UK-based FMCG major Reckitt Benckiser (RB) is looking to strengthen its play in the pain relief OTC products category under brand Moov in the country. (ET).
The Reserve Bank of India (RBI) has increased the withdrawal limit today for Punjab and Maharashtra Cooperative Bank Ltd (PMC Bank) account holders to Rs10,000 from Rs1,000. (ET).
Hinduja Global Solutions Ltd. (HGS) announces a new contract award with the Disclosure and Barring Service (DBS). DBS helps employers make safer recruitment decisions each year by processing and issuing DBS checks required by those working with children and vulnerable adults. (BS).
Tata Motors: Jaguar Land Rover plans to close its U.K. factories for a week in November to guard against disruption from a possible no-deal Brexit, Chief Executive Officer Ralf Speth said. The shutdown will go ahead whether or not Britain seeks an extension to the Oct. 31 deadline for leaving the European Union. (BQ).
Phoenix Mills Promoters are planning to sell 38 lakh shares, or 2.5 percent stake, in the company in via secondary placement, according to terms for the deal obtained by Bloomberg. The deal has option to upsize the offering to 55 lakh shares, or 3.6 percent stake in company. The offering floor price is set at Rs 665 per share. The base deal size at $36 million with an option to upsize up to addit. (BQ).
Lakshmi Vilas Bank said that Economic Offences Wing has registered FIR under "complaint for offences of cheating, criminal breach of trust by banker, criminal misappropriation and criminal conspiracy upon the Directors of the Board.” The FIR is based on a complaint filed by Religare Finvest pertaining to adjustment of their deposits to the dues of RHC Holding & Ranchem. The bank is considering app. (BQ).
Economy and Sector News
Mergers and Acquisitions (M&A) activities in India has been buoyant from 2015 to 2019, with a steady pipeline of more than 3,600 deals with an aggregate value of more than $310 billion, according to a study. Large deals doubled in value between 2015 and 2016 to $23 billion and again doubled to $56 billion between 2017 and 2018. M&A activity recorded a 70 per cent growth in 2018, led by distressed deals enabled by the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC), it according to a Confederation of Indian Industry (CII) and Bain & Co report. (BL).
WhistleDrive, a business-to-business transportation services company, has raised Rs 72 crore in Series-B from the Chicago-based Colosseum Group, which invested Rs 5 crore in Series-A last year. (ET).
E-commerce players, including Amazon and Flipkart, can expect to generate sales of over $4.8 billion during this year's festive month (September 29-October 4), but the growth over last year will be subdued, according to research by Forrester. (BL).
Bank credit and deposits grew at 10.26 per cent and 10.02 per cent to Rs 97.01 lakh crore and Rs 127.22 lakh crore, respectively, in the fortnight ended September 13, according to the recent RBI data. In the year-ago fortnight, banks advances were at Rs 87.98 lakh crore and Rs 115.63 lakh crore. In the previous fortnight ended August 30, 2019, bank loans increased by 10.24 per cent to Rs 96.80 lakh crore and deposits by 9.73 per cent to Rs 127.80 lakh crore. In July, the non-food bank credit increased by 11.4 per cent on year-on-year (y-o-y) basis, as compared with an growth of 10.6 per cent in July 2018. Advances to the services sector decelerated to 15.2 per cent in the month from 23 per cent in the year-ago period. Credit to agriculture & allied activities rose by 6.8 per cent as compared with an increase of 6.6 per cent in the same month 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
Global Markets
 

DJIA and NASDAQ Composite

US markets closed lower on Thursday following the release of a whistleblower complaint against Donald Trump. The Dow Jones Index closed at 26,891, down 79.59 points by 0.30%. The Standard & Poors 500 index closed at 2,978, down 7.25 points by 0.24%. The Nasdaq Composite Index closed at 8,031, down 46.72 points by 0.58%.

FTSE 100

UK markets remained positive by the close on Thursday, as trade deal optimism overshadowed a raft of disappointing corporate updates. The FTSE 100 index closed at 7,351, up 61.09 points by 0.84%.

 
 
Global Indices
26/09/2019 Clsg Chg%
Dow Jones 26,891 -0.30
NASDAQ 8,031 -0.58
FTSE 100 7,351 +0.84
Bovespa 105,319 +0.80
27/09/2019 Latest
(7:03AM IST)
Chg%
Nikkei 21,858 -0.86
Hang Seng 26,042 +0.37

Nikkei

Asian shares were on course for a second straight week of losses on Friday as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. Nikkei is currently trading at 21,858, down 190.52 points by 0.86%.

Precious Metals

Gold futures settled higher on Thursday, a day after a surge by the U.S. dollar prompted the precious metal to suffer its worst daily decline in nearly three weeks.

Base Metals

The three-month copper price on the London Metal Exchange had declined by the close of trading on Thursday September 26, below the $5,800-per-tonne resistance level while turnover was thin against an ascending US dollar index.

Crude Oil

Oil prices fell on Friday, erasing more of the gains realized after the Sept. 14 attacks on Saudi Arabian oil facilities, as the rapid return of production capacity from the world’s top exporter squashed risk premiums.

 
 
 

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