Morning Notes
31st Oct, 2019
 

Trading Range:

Nifty opened gap up at 11884 on Wednesday and made a high and low of 11884 and 11784 respectively before closing positive at 11844.

Review/Outlook:

For the day, support for Nifty exists at 11780 and 11700 levels whereas resistance for Nifty stands at 11890 and 11950 levels.

Review/Outlook:

Bank Nifty opened gap up at 30006, made a high of 30151, low of 29753, and closed positive at 29987. For the day, support for Bank Nifty exists at 29700 and 29500 levels whereas resistance for Bank Nifty stands at 30200 and 30500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,052 +0.55
Nifty 11,844 +0.49
BSE 200 4,963 +0.51
BSE Midcap 14,697 +0.65
BSE Smallcap 13,431 +0.36
Dow Jones 27,187 +0.43
NASDAQ 8,304 +0.33
 

DERIVATIVES INDICATORS FOR OCT 31, 2019:

NIFTY 11844.10 (+57.25) (+0.49%)
NIFTY OCT FUTURE 11840.20 (3.90 Points Discount)
NIFTY PCR - OI 1.48(0.00)
NIFTY OPEN INTEREST 1.65Cr. (-3.27%)
INDIA VIX 16.65 (+1.45%)
NIFTY ROLLOVER 53%

NIFTY OPTIONS ACTIVITY (31-OCT SERIES)

CALL 11800 CE -4.29 lac Shares
CALL 11850 CE +7.37 lac Shares
PUT 11800 PE +14.04 lac Shares
PUT 11850 PE +8.10 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,898 -0.19
Bankex 33,838 +0.18
PSU 7,053 +1.62
Healthcare 13,107 +0.04
IT 15,128 +1.47
 
Market Turn Over (`cr)
Index 30/10 29/10
BSE Cash 8,824 5,257
NSE Cash 42,377 43,916
NSE F&O 1,400,089 1,236,633
BSE Delivery % 56.73 61.10
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 56.44 43.56
BSE 200 53.73 46.27
BSE 500 59.28 40.12
Total BSE 51.63 42.35
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 54.89 -0.31
Gold Rs./ 10 Gms 38088.00 +0.45
Silver Rs./ Kg 46119.00 +0.28
Rs.- US $ 70.99 +0.12
Rs.- Euro 79.21 +0.56
FII (Rs cr )
30/10* 29/10*
FIIs +1519.60 -407.93
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    1,26,539.00     10,479.49    1,38,584.00     11,476.10    1,98,573.00     16,546.40    (996.61)
Index Options  36,92,874.00  2,53,284.63  36,71,987.00  2,51,191.46    8,47,040.00     69,454.22  2,093.17
Stock Futures    6,85,214.00     41,481.09    6,91,137.00     41,634.18  14,81,137.00     91,267.70    (153.09)
Stock Options       75,945.00       4,551.01       71,918.00       4,312.64       93,584.00       5,330.77     238.37
Total  45,80,572.00  3,09,796.22  45,73,626.00  3,08,614.38  26,20,334.00  1,82,599.09  1,181.84
Corporate News
BHEL, the public sector major, is all set to showcase Advanced Ultra-Supercritical Technology (AUSC) that enables cleanest power generation from coal as a fuel. (BL).
TVS Motor Company has entered into a partnership with Cadisa, a business group operating across Guatemala and El Salvador, in a move to strengthen its business and increase two-wheeler sales in Central America. (ET).
International Paper APPM Limited has completed the sale of 55 per cent shares to West Coast Paper Mills Limited as per the agreement entered into by the two companies for buying out the former. (BL).
The Competition Commission of India is looking into the acquisition of Hero Future Energies (HFE) by the Abu Dhabi Future Energy Company. (ET).
Public sector steel major SAIL may replace fellow PSU mining company, NMDC, in a steel-making joint venture with an Australian technology company. (BL).
Quarterly Earnings
Drug firm Indoco Remedies on Wednesday reported a consolidated net profit of Rs 7.81 crore for the quarter ended September 30. The company had posted a net loss of Rs 7.45 crore for the corresponding period of the previous fiscal, Indoco Remedies said in a filing to BSE. Consolidated revenue from operations of the company stood at Rs 286.21 crore for the quarter under consideration. It was Rs 236.26 crore for the same period year ago. (BL).
Jaiprakash Power Ventures (JPVL) reported widening of its consolidated net loss to Rs 164.74 crore for the second quarter of this fiscal from Rs 46.71 crore a year ago, mainly due to lower revenues. Jaiprakash Power VenturesNSE 0.00 % (JPVL) reported widening of its consolidated net loss to Rs 164.74 crore for the second quarter of this fiscal from Rs 46.71 crore a year ago, mainly due to lower revenues. (BS).
Non Banking Finance Company Shriram City Union Finance Ltd on Wednesday reported a 19.3 per cent rise in its standalone net profits to Rs 297.50 crore. The company had recorded net profits at Rs 249.27 crore during the year ago period. For the six month period ending September 30, 2019, net profits grew by 15 per cent to Rs 550.68 crore from Rs 478.85 crore registered a year ago. For the six month period ending September 30, 2019, net profits grew by 15 per cent to Rs 550.68 crore from Rs 478.85 crore registered a year ago. (BL).
Business services provider Quess Corp on Wednesday reported a 5.49 per cent rise in consolidated net profit to Rs 65.03 crore for the quarter ended September 30, 2019. The company had posted a net profit of Rs 61.64 crore for the corresponding period of the previous fiscal, Quess Corp said in a BSE filing. The consolidated revenue from operations stood at Rs 2,650.25 crore for the quarter under consideration. It was Rs 2,091.71 crore for the same period a year ago. (ET).
Tata Global Beverages, which on Wednesday reported a 17.12 per cent fall in consolidated net profit at Rs 152.47 crore in the September quarter, has said it is expecting the merger of Tata Chemicals consumer products business with itself by the end of this fiscal. The company had posted a consolidated net profit of Rs 183.96 crore in the corresponding period of last fiscal, Tata Global Beverages (TGBL) said. (BL).
JK Tyre Industries on Wednesday reported over three-fold jump in consolidated net profit to Rs 167.70 crore in the September quarter driven by gains from deferred tax liability. The company had posted a consolidated net profit of Rs 45.78 crore in the same period last fiscal, JK Tyre & Industries said in a regulatory filing. Consolidated revenue from operations during the second quarter stood at Rs 2,154.95 crore as against Rs 2,493.76 crore in the year-ago period, down 13.59 per cent, it added. (BL).
The Ramco Cements on Wednesday said standalone profit for July-September quarter jumped 68 per cent to Rs 168.15 crore. The city-based flagship company of diversified conglomerate Ramco Group had recorded profit of Rs 114.47 crore during the corresponding quarter last year. The standalone total comprehensive income for the quarter ending September 30, 2019 was at Rs 167.47 crore from Rs 114.26 crore registered year ago. (BL).
State-owned United Bank of India reported a net profit of Rs 123.88 crore in the second quarter ended September 30, on the back of substantially lower dud loans, leading to lower provisioning requirement. The Kolkata-headquartered bank had posted a net loss of Rs 883.17 crore in the July-September period of 2018-19. Sequentially, there was a net profit of Rs 105 crore in the first quarter ended June this year. Total income rose to Rs 3,013.74 crore in the September 2019 quarter, compared with Rs 2,600.47 crore earned in the corresponding period of the previous financial year. (BL).
Graphite India on Wednesday reported an 83.37 per cent dip in its consolidated net profit to Rs 185 crore for the quarter ended September 30, mainly on account of lower sales. The graphite electrodes maker had posted a net profit of Rs 1,113 crore for the corresponding period of the previous fiscal. Its consolidated revenue from operations stood at Rs 882 crore for the quarter under consideration. It was Rs 2,345 crore for the same period year ago. (BL).
Tata Chemicals on Wednesday posted a 6.9 per cent rise in consolidated net profit at Rs 437.05 crore during the September quarter on the back of strong sales. The company had reported a net profit of Rs 408.82 crore in the year-ago quarter, Tata Chemicals said in a regulatory filing. Total income rose to Rs 3,176.04 crore during the July-September quarter from Rs 3,084 crore in the same period last year. (ET).
Economy and Sector News
Honda Motor Co and Hitachi Ltd agreed to merge four of their car parts businesses to create a components supplier with almost $17 billion in sales, joining a wave of partnerships sweeping the global auto industry. (BL).
Mumbai-based financial services firm Arkfin Investments has invested $ 2 million in Akme Star Housing Finance Company, in lieu of a minority stake. Following the deal, Arkfin Managing Director Anil Sachidanand will join Akme as a mentor. (ET).
Eighty-six foreign airlines are operating to and from India during winter schedule 2019 offering 5.8 lakh seats compared to 85 foreign airlines that operated in the winter schedule last year offering 5.6 lakh seats. This represents an increase of 3.05 per cent. According to the latest data released by the Directorate-General of Civil Aviation, while Air Tanzania, Arkia Israeli Airlines, Azerbaijan Airlines, Lot Polish, Nok Air, Nok Scoot Air and Vietjet Airlines started services to and from India, six airlines, including Air Manas, Asiana Airlines and P T Garuda Indonesia, have stopped flights to and from India. (BL).
Air India is looking to raise $819 million (over Rs.5,800 crore) to refinance existing bridge loans availed for six Boeing 787 and one Boeing 777 aircraft. The national carrier is yet to have long-term financing facility for the air craft, according to a tender document. Bids have been invited from banks and financial institutions. (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 advanced in late afternoon trading on Wednesday, despite careening toward losses in the immediate aftermath of the Fed decision. Treasuries edged higher. The Dow Jones Index closed at 27,187, up 115.27 points by 0.43%. The Standard & Poors 500 index closed at 3,047, up 9.88 points by 0.33%. The Nasdaq Composite Index closed at 8,304, up 27.13 points by 0.33%.

FTSE 100

UK markets finished the Wednesday session little changed as investors mulled the prospect of a general election before Christmas and sifted through updates from the likes of Next and Standard Chartered. The FTSE 100 index closed at 7,331, up 24.52 points by 0.34%.

 
 
Global Indices
30/10/2019 Clsg Chg%
Dow Jones 27,187 +0.43
NASDAQ 8,304 +0.33
FTSE 100 7,331 +0.34
Bovespa 108,408 +0.79
31/10/2019 Latest
(6:26AM IST)
Chg%
Nikkei 22,957 +0.49
Hang Seng 26,668 -0.44

Nikkei

Asian shares rose on Thursday and U.S. stock futures edged higher after the U.S. Federal Reserve cut interest rates as expected to keep economic expansion on track. Nikkei is currently trading at 22,957, up 114.19 points by 0.49%.

Precious Metals

Gold settles higher on Wednesday after back-to-back declines, then falls after Fed decision.

Base Metals

The three-month price of lead on the London Metal Exchange was lower at the close of trading on Wednesday October 30, falling by more than 2% against tight forward spreads, while aluminium futures closed at their highest level since September 24.

Crude Oil

Oil futures extended declines on Thursday as a massive buildup in U.S. crude stock piles reinforced concerns about oversupply in the world’s energy markets.

 
 
 

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