Morning Notes
3rd Jul, 2019

Trading Range:

Nifty opened gap up at 11890 on Tuesday and made a high and low of 11917 and 11815 respectively before closing positive at 11910.


For the day, support for Nifty exists at 11840 and 11770 levels whereas resistance for Nifty stands at 11970 and 12020 levels.


Bank Nifty opened gap up at 31415, made a high of 31431, low of 31105, and closed negative at 31283. For the day, support for Bank Nifty exists at 31100 and 30900 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,816 +0.33
Nifty 11,910 +0.38
BSE 200 4,974 +0.35
BSE Midcap 14,946 +0.38
BSE Smallcap 14,283 +0.00
Dow Jones 26,786 +0.26
NASDAQ 8,109 +0.22


NIFTY 11910.30 (+44.70) (+0.38%)
NIFTY JUL FUTURE 11942.35  (32.05 Points Premium)
NIFTY PCR - OI 1.46(+0.09)
NIFTY OPEN INTEREST 1.93Cr. (-1.96%)
INDIA VIX 14.25 (-2.41%)


CALL 12000 CE +0.79 lac Shares
CALL 11900 CE +0.90 lac Shares
PUT 11900 PE +1.27 lac Shares
PUT 11700 PE +1.00 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,156 +0.17
Bankex 35,082 -0.38
PSU 7,823 +0.59
Healthcare 12,948 -0.63
IT 15,786 +0.84
Market Turn Over (`cr)
Index 02/07 01/07
BSE Cash 1,638 1,654
NSE Cash 27,769 26,285
NSE F&O 965,185 591,774
BSE Delivery % 35.90 40.23
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 66.34 33.66
BSE 200 59.20 40.80
BSE 500 47.11 52.50
Total BSE 43.14 51.04
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 56.99 -3.55
Gold Rs./ 10 Gms 33969.00 +0.97
Silver Rs./ Kg 37050.00 +1.13
Rs.- US $ 68.86 -0.15
Rs.- Euro 77.83 +0.01
FII (Rs cr )
02/07* 01/07*
FIIs -863.03 -568.84
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
(Rs. Cr)
No. of
(Rs. Cr)
No. of
(Rs. Cr)
(Rs. Cr)
Index Futures       25,263.00       1,981.75       27,591.00       2,106.53    1,94,233.00     16,272.61  (124.78)
Index Options  25,67,984.00  1,80,311.75  25,60,228.00  1,79,761.51    4,30,315.00     36,088.39   550.24
Stock Futures    1,40,592.00       8,867.79    1,39,475.00       8,508.97  12,93,665.00     84,033.59   358.82
Stock Options       54,587.00       3,178.30       54,162.00       3,136.76       36,134.00       2,210.82     41.54
Total  27,88,426.00  1,94,339.59  27,81,456.00  1,93,513.77  19,54,347.00  1,38,605.40   825.82
Corporate News
India's top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in its first tender to hire an oil tanker with scrubbers that remove sulphur emissions, sources with knowledge of the matter said. (BL).
The Rs.600-crore Godrej Security Solutions (GSS), which has seen sales of its commercial business stagnate primarily due to the muted branch expansion of banks, is turning its focus towards retail home safety and security solutions to tide over the slowdown. (ET).
Energy Efficiency Services Ltd (EESL) will soon begin selling its seven-star rated inverter-air conditioners online at Rs.41,500 for a 1.5-tonne unit. This will be cheaper than a five-star rated AC. (BL).
Tata Motors has not produced its small car Nano since January this year, and not sold a single unit since February this year, according to regulatory filings by the company. (ET).
Mahindra and Mahindra (M&M) on Tuesday launched the automated manual transmission (AMT) version of compact SUV XUV300 priced at Rs 11.5 lakh (ex-showroom Delhi). The W8 diesel trim with AMT technology is priced at Rs 11.5 lakh, while the W8 (Optional) trim is tagged at Rs 12.7 lakh. (ET).
JSW Group, a conglomerate with diversified interest in steel, cement, power and infrastructure project, has outsourced its treasury and risk management solutions to Bengaluru-based IBSFINtech. In more news, JSW Energy aborted its plan to acquire the 1000MW (4x250 MW) thermal power plant located at Village Tamnar, District Raigarh in the state of Chhattisgarh from Jindal Steel and Power Limited. (BL).
Essar Steel, which is under insolvency proceedings, has bagged Rs 5,000 crore order from Indian subsidiary of South Korean steel major Posco, the world’s fifth largest steel producer. Posco Maharashtra has signed a memorandum of understanding with Essar Steel for procuring one million tonne of hot rolled products and it is the fourth contract signed between both the companies. (ET).
Oil India Ltd (OIL) bagged the maximum number of blocks awarded during the second and third bid rounds conducted under the Open Acreage License Policy (OALP). Vedanta Oil and Gas came second with 10 blocks out of the 32 awarded, said a statement from the Directorate General of Hydrocarbons (DGH). ONGC was awarded eight blocks. IndianOil won one block while a consortium of Reliance Industries and BP Exploration won another. (BL).
State-owned Coal India Ltd (CIL) has reported a marginal 0.1 per cent growth in coal production at around 136.96 million tonne (MT) during the April-June 2019 period, as against 136.85 MT in the same period last year. (BL).
NCC has received two new orders totalling Rs. 358.9 crore (exclusive of GST) in the month of June, 2019. Out of this one order of Rs. 163.8 crore pertains to Roads Division and second order of Rs. 195.1 crore relates to Electrical Division. (ET).
Tata Communications said its Managing Director (MD) and Group Chief Executive Officer (CEO) Vinod Kumar has resigned for 'personal reasons' and the telecom company's board has initiated plans to find a successor. (BL).
Power Mech Projects bagged civil and prefabricated steel structures work orders worth Rs412cr. The company stated that it has received the letter of intent/work order for the two projects. (ET).
Alembic Pharmaceuticals has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Febuxostat Tablets, 40 mg and 80 mg. The approved ANDA is therapeutically equivalent to the: reference listed drug (RLD), Uloric Tablets, 40 mg and 80 mg, of Takeda Pharmaceuticals USA., Inc. (Takeda). (BL).
Ramco Systems said that Erickson Incorporated has selected them to implement its Aviation M&E MRO Solution V5.8. Erickson’s advanced enterprise solutions integration will link all Maintenance, Supply Chain Management, Safety & Quality, Flight Operations, MRO Sales, and Manufacturing functions into a single system. (ET).
Economy and Sector News
Ola Electric Mobility has raised Rs 1,725 crore or $250 million from SoftBank in a Series B fund raise, as per the company’s RoC filings accessed by business intelligence platform, This makes SoftBank the largest investor in the company with a 23.06 per cent stake. In more news, Hindustan Oil Exploration Company (HOEC) has agreed to buy the India assets of Hardy Oil and Gas for $1.5 million (approximately Rs 10.3 crore). (BL)., a digital insurance platform, has raised Rs 130 crores ($ 19 million) in a Series B round of funding led by Lok Capital, IIFL AMC. RenewBuy’s existing investor Amicus Capital also participated in the current round. (ET).
India's state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as "wilful defaults" in 2018-19, with the biggest lender State Bank of India accounting for nearly a third, the finance minister said in the parliament. The State Bank of India saw the highest number of wilful defaults at 461.58 billion rupees, while Punjab National Bank stood second at 250.9 billion rupees, with Bank of India at 98.9 billion rupees, Finance Minister Nirmala Sitharaman said in a written reply to queries in the parliament on Tuesday. (BL).
Low prices coupled with weak demand from key overseas buyers have impacted India's coffee exports for the April-June quarter this year. Exporters said the outlook for shipments during the rest of the year remains bleak as the current crop is estimated to be lower than the Coffee Board’s projections, while concerns linger on the forthcoming crop due to a truant monsoon. (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 higher on Tuesday, with the S&P 500 setting yet another record close despite threats of new tariffs on European goods dampening much of the optimism seen following news of a possible trade deal between the world's two largest economies. The Dow Jones Index closed at 26,786, up 69.25 points by 0.26%. The Standard & Poors 500 index closed at 2,973, up 8.68 points by 0.29%. The Nasdaq Composite Index closed at 8,109, up 17.93 points by 0.22%.

FTSE 100

UK markets extended their gains on Tuesday as the pound fell after Bank of England Governor, Mark Carney, told an audience that "a global trade war and a No Deal Brexit remain growing possibilities not certainties" and a key survey of construction sector conditions undershot market forecasts. The FTSE 100 index closed at 7,559, up 61.69 points by 0.82%.

Global Indices
02/07/2019 Clsg Chg%
Dow Jones 26,786 +0.26
NASDAQ 8,109 +0.22
FTSE 100 7,559 +0.82
Bovespa 100,605 -0.72
03/07/2019 Latest
(7:24AM IST)
Nikkei 21,625 -0.60
Hang Seng 28,759 -0.40


Asian shares were subdued on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods. Nikkei is currently trading at 21,625, down 129.71 points by 0.60%.

Precious Metals

Gold prices rallied on Tuesday, with the yellow metal recouping much of the hefty declines from a day earlier, when it posted the sharpest single-session decline in more than a year.

Base Metals

The London Metal Exchange three-month tin price fell by 7% on Tuesday July 2, spanning an intraday range of $17,585-18,980 per tonne.

Crude Oil

Oil prices edged higher on Wednesday, steadying after a more than 4% fall in the previous session, as extended output cuts by OPEC and its allies helped underpin prices despite growing concerns about weak demand.


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