Morning Notes |
30th Aug, 2019 |
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Trading Range:
Nifty opened gap down at 10996 on Thursday and made a high and low of 11021 and 10922 respectively before closing negative at 10948.
Review/Outlook:
For the day, support for Nifty exists at 10890 and 10830 levels whereas resistance for Nifty stands at 11020 and 11080 levels.
Review/Outlook:
Bank Nifty opened gap down at 27695, made a high of 27719, low of 27240, and closed negative at 27305. For the day, support for Bank Nifty exists at 27100 and 26900 levels whereas resistance for Bank Nifty stands at 27500 and 27700 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
37,069 |
-1.02 |
Nifty |
10,948 |
-0.89 |
BSE 200 |
4,572 |
-0.68 |
BSE Midcap |
13,333 |
-0.17 |
BSE Smallcap |
12,431 |
-0.62 |
Dow Jones |
26,362 |
+1.25 |
NASDAQ |
7,973 |
+1.48 |
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DERIVATIVES INDICATORS FOR AUG 30, 2019:
NIFTY |
10948.30 (-97.80) (-0.89%) |
NIFTY SEP FUTURE |
11002.35 (54.05 Points Premium) |
NIFTY PCR - OI |
1.31(+0.20) |
NIFTY OPEN INTEREST |
1.80Cr. (-24.09%) |
INDIA VIX |
16.42 (-2.44%) |
NIFTY ROLLOVER |
69% |
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NIFTY OPTIONS ACTIVITY (26-SEP SERIES)
CALL |
11200 CE -2.38 lac Shares |
CALL |
11000 CE +1.18 lac Shares |
PUT |
10900 PE -0.54 lac Shares |
PUT |
10800 PE +9.99 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
15,688 |
-0.61 |
Bankex |
30,777 |
-1.92 |
PSU |
6,376 |
-0.31 |
Healthcare |
12,661 |
+1.50 |
IT |
16,022 |
+0.07 |
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Market Turn Over (`cr) |
Index |
29/08 |
28/08 |
BSE Cash |
1,752 |
3,740 |
NSE Cash |
32,709 |
29,719 |
NSE F&O |
2,804,687 |
1,463,805 |
BSE Delivery % |
40.29 |
38.32 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
32.67 |
66.34 |
BSE 200 |
30.35 |
69.15 |
BSE 500 |
30.54 |
68.86 |
Total BSE |
34.76 |
59.91 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
56.64 |
-0.12 |
Gold Rs./ 10 Gms |
38803.00 |
-0.92 |
Silver Rs./ Kg |
46312.00 |
-0.72 |
Rs.- US $ |
71.68 |
-0.28 |
Rs.- Euro |
79.26 |
-0.53 |
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FII (Rs cr ) |
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29/08* |
28/08* |
FIIs |
-1264.45 |
-1060.20 |
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 |
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No. of Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
Value
(Rs. Cr) |
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Index Futures |
1,35,967.00 |
10,137.29 |
1,51,080.00 |
11,229.19 |
3,78,750.00 |
29,338.98 |
(1,091.90) |
Index Options |
69,76,068.00 |
4,35,062.52 |
69,88,533.00 |
4,36,065.00 |
9,84,735.00 |
73,285.26 |
(1,002.48) |
Stock Futures |
4,10,732.00 |
21,950.23 |
3,94,300.00 |
21,475.55 |
16,35,411.00 |
95,118.32 |
474.68 |
Stock Options |
42,240.00 |
2,349.27 |
41,692.00 |
2,281.84 |
76,410.00 |
4,002.41 |
67.43 |
Total |
75,65,007.00 |
4,69,499.31 |
75,75,605.00 |
4,71,051.58 |
30,75,306.00 |
2,01,744.97 |
(1,552.27) |
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Corporate News |
In a move aimed at trimming its debt further, Subhash Chandra-backed Essel Group has decided to sell 205 MW of operating solar power assets worth Rs.1,300 crore to Adani Green Energy Limited (AGEL). (BL). |
The world’s biggest coal miner is likely to hold on to its crown for now even as competition increases in India, which opened its doors to foreign miners to boost output and curb surging imports. The South Asian economy will allow 100 per cent foreign direct investment in mining and sale of coal, commerce and industry minister Piyush Goyal told reporters in a briefing Wednesday, giving final shape to a reform he introduced as minister for coal in 2014. While that opens up the sector to private companies, both Indian and foreign, it will be a while before it reduces the dominance of monopoly producer Coal India Ltd. (ET).
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Granules India Ltd. will divest its entire equity shareholding in Granules OmniChem Private Limited (GOC) by selling its stake to its joint venture partner. GOC is an equal joint venture between Granules India Limited and S.A. Ajinomoto Omnichem N.V. (Ajinomoto Bio-Pharma Services), an integrated contract development and manufacturing organisation. (BL). |
Cairn Oil and Gas, which is part of the Vedanta Group, has drawn up plans to spend over $ 1.1 billion in coming 18 months to improve the crude oil production from the Mangla, Bhagyam and Aishwarya fields in Barmer. (ET). |
Goa Carbon said it has shut one of its units temporarily. The Company's Paradeep Unit located at Vill. Udayabata, Paradeepgarh, Dist. Jagatsinghpur, Orissa, has been shut from today. (ET). |
Wipro said it has expanded its strategic partnership with Google Cloud to accelerate cloud adoption and digital transformation for global enterprises. The Bengaluru-headquartered software services exporter said it has a dedicated practice focused on Google Cloud Platform (GCP). (BL). |
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Economy and Sector News |
JM Financial Private Equity Fund, a PE fund managed JM Financial Group, has invested Rs.45 crore (about $6.4 million) in Mumbai-based nutraceutical firm Innovcare Lifesciences in lieu of a significant minority stake. (BL). |
India's economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade frictions have dampened business sentiment. The median figure from the poll of economists is for annual growth in Gross Domestic Product (GDP) of 5.7 per cent in the quarter, compared with 5.8 per cent in the previous three months and 8 per cent for the same period of 2018. If the latest number for expansion of GDP is 5.7 per cent or less, the quarter had the slowest expansion in 21 quarters, since 5.3 per cent in January-March 2014. (ET).
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The Asian Development Bank (ADB) said it was ready to commit over $12 billion in lending to India over the next three years (2020-22), pledging support to the Narendra Modi-led government’s new flagship initiatives such as the Jal Jeevan Mission. (BL). |
Even as the majority of sugar mills in Maharashtra have paid 100 per cent fair and remunerative price (FRP) to farmers, 76 sugar mills have still not paid an amount worth Rs.589 crore to cane growers. Sugar Commissionerate officials said the dues would be recovered before the commencement of the new crushing season. in more news, Shell Lubricants, maker of finished lubricants, last week had organised a masterclass training session in Bengaluru for bike mechanics and independent workshop owners (IWS). In more news, Global energy major Shell, along with SBI Ventures Neev Fund has jointly made a Series-B funding of Rs 55 crore in Mumbai based bio-energy company- PRESPL. (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 rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession. The Dow Jones Index closed at 26,362,
up 326.15 points by 1.25%. The Standard & Poors 500 index closed at 2,925, up 36.64 points by 1.27%. The Nasdaq Composite Index closed at 7,973, up 116.51 points by 1.48%.
FTSE 100
UK markets finished firmly in the green on Thursday amid at least a lull in trade tensions between the US and China and end of month window dressing by fund managers. The FTSE 100 index closed at 7,184, up 69.61 points by 0.98%. |
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Global Indices |
29/08/2019 |
Clsg |
Chg% |
Dow Jones |
26,362 |
+1.25 |
NASDAQ |
7,973 |
+1.48 |
FTSE 100 |
7,184 |
+0.98 |
Bovespa |
100,524 |
+2.37 |
30/08/2019 |
Latest
(4:24AM IST) |
Chg% |
Nikkei |
20,461 |
-0.09 |
Hang Seng |
25,704 |
+0.34 |
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Nikkei
Asian shares started trading early on Friday morning in the negative as investors will be watching the US and other global markets closely. Nikkei is currently trading at 20,461, down 18.49 points by 0.09%.
Precious Metals
Gold prices fell for a second day in a row Thursday to their lowest in a week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal.
Base Metals
The three-month copper price on the London Metal Exchange increased slightly during morning trading on Thursday August 29, bolstered by a fresh cancellation of 24,425 tonnes, while the nickel-tin price differential continues to widen.
Crude Oil
Oil futures found support Thursday as Beijing moved to tamp down fears of an immediate escalation of the U.S.-China trade war, allowing the U.S. crude benchmark to mark its highest settlement in more than two weeks. |
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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 brokera3ge 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. |
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