Morning Notes
04th Oct, 2019

Trading Range:

Nifty opened gap down at 11322 on Thursday and made a high and low of 11370 and 11257 respectively before closing negative at 11314.


For the day, support for Nifty exists at 11250 and 11180 levels whereas resistance for Nifty stands at 11370 and 11450 levels.


Bank Nifty opened gap down at 28607, made a high of 28769, low of 28241, and closed negative at 28414. For the day, support for Bank Nifty exists at 28200 and 28000 levels whereas resistance for Bank Nifty stands at 28600 and 28800 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,107 -0.52
Nifty 11,314 -0.40
BSE 200 4,723 -0.40
BSE Midcap 13,844 -0.30
BSE Smallcap 12,910 -0.38
Dow Jones 26,201 +0.47
NASDAQ 7,872 +1.12


NIFTY 11314.00 (-45.90) (-0.40%)
NIFTY OCT FUTURE 11361.80 (47.80 Points Premium)
NIFTY PCR - OI 1.18(+0.22)
NIFTY OPEN INTEREST 1.67Cr. (+2.33%)
INDIA VIX 17.70 (+5.64%)


CALL 11400 CE +3.67 lac Shares
CALL 11300 CE +1.96 lac Shares
PUT 11400 PE +3.91 lac Shares
PUT 11300 PE +0.84 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,756 +0.38
Bankex 32,088 -0.90
PSU 6,608 +0.52
Healthcare 12,342 -0.13
IT 15,369 -0.24
Market Turn Over (`cr)
Index 03/10 01/10
BSE Cash 2,524 2,900
NSE Cash 34,651 46,351
NSE F&O 2,791,988 1,854,591
BSE Delivery % 35.16 28.45
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 38.61 61.39
BSE 200 39.80 60.20
BSE 500 35.13 64.07
Total BSE 35.27 59.30
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 52.45 -0.36
Gold Rs./ 10 Gms 38403.00 +1.35
Silver Rs./ Kg 45639.00 +1.75
Rs.- US $ 71.01 -0.18
Rs.- Euro 77.92 -0.12
FII (Rs cr )
03/10* 01/10*
FIIs -1536.48 -298.82
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       63,424.00       4,242.49       76,224.00       5,305.02    1,66,751.00     13,320.25  (1,062.53)
Index Options  75,03,619.00  4,82,875.95  74,67,497.00  4,79,969.23    5,73,493.00     45,769.53   2,906.72
Stock Futures    2,67,503.00     13,339.80    2,71,639.00     13,243.03  15,65,662.00     90,682.27        96.77
Stock Options       89,640.00       4,685.04       89,916.00       4,725.00       51,484.00       2,747.86       (39.96)
Total  79,24,186.00  5,05,143.28  79,05,276.00  5,03,242.28  23,57,390.00  1,52,519.91   1,901.00
Corporate News
The country’s largest car maker, Maruti Suzuki India (MSI), on Thursday said that it has achieved a sales milestone of over 10 lakh units from its Nexa premium retail network. The company had launched Nexa network in 2015 and currently sells models like Ciaz, S-Cross and Baleno from the retail channel. (BL).
With its eyes on the packaged “ready-to-cook” food category, edible oil and commodity player, Adani Wilmar Ltd (AWL) announced its foray into the category with the launch of popular Indian meal — Khichdi under its brand Fortune. (ET).
Riding high on rising demand for capital goods equipment across mining and cement segments, Thyssenkrupp Industries India is eyeing Rs.4,000 crore revenue over the next five years, a senior company official said. (BL).
Tata Motors on Thursday said it will launch Nexon EV in the fourth quarter of the current fiscal, with price expected to be in the range of Rs.15-17 lakh. The vehicle will be powered by the company’s recently introduced Ziptron Technology. In more news, Tata Steel has walked away with a profit of Rs.5,000 crore made by Bhushan Steel during the insolvency period stretching over 18 months. (ET).
YES Bank stated Following the recent invocation of pledged shares by lenders and offloading of stake by various promoter entities, co-promoter Rana Kapoor’s stake in the bank has slipped below 1 per cent. (ET).
The Competition Commission of India has approved the proposed equity investment from a Tata Group entity and affiliates of GIC and SSG in GMR Airports Limited, a subsidiary of the GMR Infrastructure Limited. In a regulatory filing, the diversified infrastructure company has informed today about the CCI approval. This will pave way for infusion of Rs.8,000 crore into the airport business for 45 per cent stake, estimated to be valued at Rs.18,000 crore. (BL).
Biotechnology major Biocon and pharmaceutical company Mylan N V on Thursday announced the launch of their insulin biosimilar Semglee, indicated for the treatment of diabetes, in Australia. (ET).
The forthcoming festive season would be brighter for the national electricity grid and power consumers across the country with the NTPC bringing 2,210 MW of thermal power in a little over 30 days. (ET).
Crisis hit HDIL suffered another setback as the Economic Offences Wing arrested its Directors Sarang Wadhawan and Rakesh Wadhawan in connection with PMC Bank case. The body also attached property worth 35 billion rupees in PMC bank case. (BL).
Economy and Sector News
Varanium Capital has announced the first close of its SEBI-registered AIF Category 1-Venture Capital Fund, ‘Varanium NexGen’. This is a Rs.200-crorefund focussed on investing in promising early-stage fintech start-ups. Varanium Capital is a boutique asset management company with an AUM of over Rs.5,000 crore. (BL).
The crisis-ridden NCDEX has squared off castorseed contracts worth Rs.735 crore of the defaulting clients to douse the raging controversy for now, using the contract tear-up option for the first time ever. It has also auctioned 370 tonnes of buy positions at the reserve price of Rs.4,650 crore to avoid a potential default during the October contract settlement, which will begin from October 11. (ET).
The petrol and diesel prices are expected to cool down over the coming weeks as global petroleum product prices are also easing according to IndianOil. The price of petrol fell by 10 paisa to Rs.74.51 per litre and diesel by 6 paisa to Rs.67.43 a litre on Thursday. This is first cut in auto fuel prices since September 14 after a drone attack on Saudi Arabia’s crude oil processing facilities hit the Kingdom’s oil production by half. (BL).
A Royal Dutch Shell Plc division took a 20 per cent stake in Indian solar firm Orb Energy Pvt Ltd as part of a drive to deliver a reliable source of electricity to 10 crore people in the developing world by 2030. Orb Energy, based in Bengaluru, provides credit to small and medium-sized firms to invest in solar panel systems. Founded in 2006, Orb Energy has sold over 1.6 lakh solar systems in India with a total capacity of 75 megawatts. (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 climbed on Thursday after data showing U.S. services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn. The Dow Jones Index closed at 26,201, up 122.42 points by 0.47%. The Standard & Poors 500 index closed at 2,911, up 23.02 points by 0.80%. The Nasdaq Composite Index closed at 7,872, up 87.02 points by 1.12%.

FTSE 100

UK markets slipped lower still on Thursday, even as some economists said that the latest services data suggested that the UK economy had slipped into recession and data published in the US appeared to show that weakness in manufacturing was making its way into the rest of the American economy. The FTSE 100 index closed at 7,078, down 44.90 points by 0.63%.

Global Indices
03/10/2019 Clsg Chg%
Dow Jones 26,201 +0.47
NASDAQ 7,872 +1.12
FTSE 100 7,078 -0.63
Bovespa 101,516 +0.48
04/10/2019 Latest
(4:31AM IST)
Nikkei 21,342 -2.01
Hang Seng 26,110 +0.26


Asian stocks started trading early in the morning on Friday on a negative note as investors will be closely watching the US markets. Nikkei is currently trading at 21,342, down 436.87 points by 2.01%.

Precious Metals

Gold prices settled higher Thursday, tallying a third consecutive session gain, as a drop in the September U.S. ISM services sector index fed worries about the health of the economy, boosting haven demand for the precious metal.

Base Metals

The three-month lead price on the London Metal Exchange was higher at the close of trading on Thursday October 3, with the price closing above $2,100 per tonne amid thin volumes, while copper futures failed to test nearby resistance.

Crude Oil

Oil futures dropped on Thursday, with the U.S. benchmark suffering from an eighth straight daily decline and another finish at its lowest in two months, as worries over global demand persist.


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Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213

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