Morning Notes
30th Aug, 2019

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.


For the day, support for Nifty exists at 10890 and 10830 levels whereas resistance for Nifty stands at 11020 and 11080 levels.


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.

Market Scan
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


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%)


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
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
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
Advances / Decines BSE Cash
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
Commodities, Forex & Debt
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
FII (Rs cr )
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.

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    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)
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).
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).
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).
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
Global Markets

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%.

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)
Nikkei 20,461 -0.09
Hang Seng 25,704 +0.34


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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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

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