Morning Notes
01st Oct, 2019
 

Trading Range:

Nifty opened gap down at 11491 on Monday and made a high and low of 11508 and 11391 respectively before closing negative at 11474.

Review/Outlook:

For the day, support for Nifty exists at 11390 and 11320 levels whereas resistance for Nifty stands at 11530 and 11610 levels.

Review/Outlook:

Bank Nifty opened gap down at 29675, made a high of 29754, low of 28943, and closed negative at 29103. For the day, support for Bank Nifty exists at 28800 and 28500 levels whereas resistance for Bank Nifty stands at 29400 and 29700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,667 -0.40
Nifty 11,474 -0.33
BSE 200 4,794 -0.55
BSE Midcap 14,104 -1.13
BSE Smallcap 13,171 -1.21
Dow Jones 26,917 +0.36
NASDAQ 7,999 +0.75
 

DERIVATIVES INDICATORS FOR OCT 01, 2019:

NIFTY 11474.45 (-37.95) (-0.33%)
NIFTY OCT FUTURE 11534.60 (60.15 Points Premium)
NIFTY PCR - OI 1.11(-0.08)
NIFTY OPEN INTEREST 1.55Cr. (+1.18%)
INDIA VIX 15.87 (-1.50%)
NIFTY ROLLOVER 5%

NIFTY OPTIONS ACTIVITY (31-OCT SERIES)

CALL 11500 CE +2.47 lac Shares
CALL 11700 CE +1.20 lac Shares
PUT 11500 PE +0.23 lac Shares
PUT 11400 PE +0.86 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,761 -0.82
Bankex 32,889 -2.64
PSU 6,659 -0.84
Healthcare 12,493 -1.57
IT 15,670 +2.33
 
Market Turn Over (`cr)
Index 30/09 27/09
BSE Cash 2,775 2,405
NSE Cash 39,655 33,562
NSE F&O 993,216 654,635
BSE Delivery % 38.30 40.68
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 37.62 61.39
BSE 200 34.83 64.68
BSE 500 27.74 71.66
Total BSE 28.04 66.34
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 54.33 +0.48
Gold Rs./ 10 Gms 36913.00 -2.22
Silver Rs./ Kg 44119.00 -3.07
Rs.- US $ 70.74 +1.17
Rs.- Euro 77.08 -0.23
FII (Rs cr )
30/09* 27/09*
FIIs -302.00 +11130.33
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      67,573.00       4,889.09        56,789.00       4,188.34        1,46,534.00    11,908.01     700.75
Index Options  28,61,819.00  1,96,286.48   28,48,767.00   1,95,262.61        6,07,535.00    47,740.44  1,023.87
Stock Futures    2,76,382.00     14,470.86     2,83,381.00      14,652.67      15,25,047.00    90,979.35    (181.81)
Stock Options      79,361.00       4,274.88        79,904.00       4,297.45          32,376.00      1,897.23      (22.57)
Total  32,85,135.00  2,19,921.31   32,68,841.00   2,18,401.07      23,11,492.00  1,52,525.03  1,520.24
Corporate News
Country's largest passenger car maker Maruti Suzuki India (MSIL) on Monday launched its Mini-SUV S-Presso with price starting at Rs.3.69 lakh (ex-showroom, Delhi). It will be available in six trims at an introductory price ranging between Rs.3.69 lakh and Rs.4.91 lakh (ex-showroom, Delhi). (BL).
Battered by regulatory action and facing heat from rating agencies, Reliance Group Chairman Anil Ambani on Monday vowed to do more to streamline the group’s overall operations, including exiting the lending business under Reliance Capital and repaying another ₹15,000 crore of the group’s debt by March 2020. (ET).
FMCG major Nestle India believes that while the ongoing festival season is expected to be positive for consumer goods companies, the next six months will be crucial for a steady revival in consumption. (BL).
Sundaram-Clayton Ltd (SCL), an auto parts maker of the TVS Group, has announced non-working day in its factories on October 1 due to business slowdown across sectors, according to a statement. (ET).
The Appellate Tribunal For Electricity (APTEL) has approved transfer of ownership of Prayagraj Power Generation Company Limited (PPGCL) to Resurgent Power Ventures Pte Ltd, but without any reduction of adopted tariff. Resurgent is a joint venture between Tata Power International Pte Ltd, ICICI Bank, Kuwait Investment Authority and State General Reserve Fund of Oman set up to acquire assets in the Indian power sector. (ET).
Tata Steel is all set to sign a deal with a new buyer for its steel unit in Thailand. The company has also received interest from multiple players to acquire its assets in Singapore. The two assets are being sold as part of Tata Steel’s plans to completely exit South East Asia. (BL).
Kalpataru Power Transmission Ltd (KPTL) on Monday said it has bagged orders worth Rs 775 crore in transmission and distribution segment. According to a company statement, KPTL and its international subsidiary have secured the orders from the government and private clients. (ET).
Telecom operator Bharti Airtel has deployed 100 hops of 5G technology transmission equipment of Chinese technology major Huawei in last six months. (ET).
SpiceJet will take four Boeing 737 MAX planes that were operated by now-defunct Jet Airways, as the no-frills airline continues with its expansion plans. The airline has inked a pact for leasing the four MAX aircraft, SpiceJet Chairman and Managing Director Ajay Singh told shareholders at the company's annual general meeting here on Monday, according to a source. (BL).
Economy and Sector News
The eight core industries’ output contracted 0.5 per cent in August. In the same month last year, the core industries’ output grew 4.7 per cent. The latest datapoint was also lower than the 2.7 per cent growth recorded in July this year. For the April-August period, the core industries’ output grew 2.4 per cent compared to 5.7 per cent in same period last year. Coal, crude oil, natural gas, cement, and electricity contracted 8.6 per cent, 5.4 per cent , 3.9 per cent, 4.9 per cent and 2.9 per cent, respectively in August, official data released on Monday showed. In more news, The Ministry of Petroleum and Natural Gas has lowered the price of domestically produced natural gas to $ 3.23 per million British thermal unit (mBtu). This price will be applicable from October 1, 2019 to March 31, 2020.  The new price is 12.5 per cent lower than the $ 3.69 mBtu natural gas price for the April 1, 2019 to September 30, 2019 period. (ET).
Bharat Stage VI grade fuels will be supplied in seven districts of Haryana from Tuesday (October 1). With this, the entire National Capital Region is being now served with BS VI fuels, ahead of schedule. An IndianOil statement said that the new districts include Faridabad, Gurugram, Mahendraghar, Rewari, Jhajjar, Palwal and Mewat. The retail outlets of public sector oil marketing companies in these districts have an average monthly volume of around 6.50 lakh metric tonnes with 13 Oil bulk locations converted from BS IV to BS VI specifications. In more news, The corporate tax cut is a positive development for power sector as it will result in an estimated annual savings of Rs 2,500 crore for the power distribution segment, rating agency ICRA said on Monday. (BL).
The rating agency India Ratings and Research on Monday revised its outlook on the auto sector to stable-to-negative from stable for the the remaining half of the current fiscal. However, credit metrics of auto OEMs are expected to remain resilient in the October-March period of FY20, albeit at lower levels than those observed over the last five fiscals, Ind-Ra said in a release. In more news, India’s fiscal deficit stood at Rs 5.54 lakh crore at the end of August, which is 78.7% of the budgeted estimate for the current fiscal year, official data released on Monday showed. After the first five months of 2018-19, the fiscal deficit — or the difference between the government’s total revenues and total expenditure — was at Rs 5.91 lakh crore, or 94.7% of the budgeted estimate. (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 Monday after the US Treasury said there were no plans to block Chinese companies from US stock markets and following the release of some strong economic data out of that Asian nation. The Dow Jones Index closed at 26,917, up 96.58 points by 0.36%. The Standard & Poors 500 index closed at 2,977, up 14.95 points by 0.50%. The Nasdaq Composite Index closed at 7,999, up 59.71 points by 0.75%.

FTSE 100

UK markets were held back by Pound strength on Monday at the end of the month, despite news that the US was not contemplating limits on Chinese companies ability to list on US exchanges. The FTSE 100 index closed at 7,408, down 18.00 points by 0.24%.

 
 
Global Indices
30/09/2019 Clsg Chg%
Dow Jones 26,917 +0.36
NASDAQ 7,999 +0.75
FTSE 100 7,408 -0.24
Bovespa 104,745 -0.32
01/10/2019 Latest
(6:55AM IST)
Chg%
Nikkei 21,902 +0.67
Hang Seng 26,092 +0.53

Nikkei

Asian stocks looked set for modest gains on Tuesday after U.S. stocks advanced as investors weighed the latest turns in the trade war between the world’s two largest economies. The dollar rose and Treasuries edged higher. Nikkei is currently trading at 21,902, up 146.01 points by 0.67%.

Precious Metals

Gold prices dropped over 2% Monday, settling below the psychologically important level of $1,500 to post their lowest finish in two months, as strength in U.S. dollar and some buoyancy in U.S. stocks and yields drew demand away from bullion.

Base Metals

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 30, climbing up by some 2.5% amid moderately high turnover, while lead futures were similarly stronger over the afternoon.

Crude Oil

Oil futures sank on Monday, sending U.S. prices to their lowest settlement in a month, after reports that Saudi Aramco has fully restored production capacity that was lost to the crippling attacks on Saudi oil facilities earlier in September.

 
 
 

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