Morning Notes
4th Jul, 2019

Trading Range:

Nifty opened gap up at 11932 on Wednesday and made a high and low of 11945 and 11887 respectively before closing positive at 11917.


For the day, support for Nifty exists at 11840 and 11770 levels whereas resistance for Nifty stands at 11970 and 12020 levels.


Bank Nifty opened gap up at 31348, made a high of 31467, low of 31238, and closed negative at 31382. For the day, support for Bank Nifty exists at 31200 and 31000 levels whereas resistance for Bank Nifty stands at 31700 and 31800 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,839 +0.06
Nifty 11,917 +0.05
BSE 200 4,979 +0.12
BSE Midcap 14,962 +0.11
BSE Smallcap 14,320 +0.26
Dow Jones 26,966 +0.67
NASDAQ 8,170 +0.75


NIFTY 11916.75 (+6.45) (+0.05%)
NIFTY JUL FUTURE 11949.20 (32.45 Points Premium)
NIFTY PCR - OI 1.39(-0.07)
NIFTY OPEN INTEREST 1.93Cr. (-0.31%)
INDIA VIX 13.69 (-3.89%)


CALL 12100 CE +1.02 lac Shares
CALL 11900 CE -0.20 lac Shares
PUT 11900 PE +1.38 lac Shares
PUT 11700 PE +1.91 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,139 -0.09
Bankex 35,189 +0.31
PSU 7,866 +0.55
Healthcare 12,936 -0.09
IT 15,650 -0.86
Market Turn Over (`cr)
Index 03/07 02/07
BSE Cash 1,771 1,638
NSE Cash 27,872 27,769
NSE F&O 980,052 965,185
BSE Delivery % 40.68 35.90
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 56.44 41.58
BSE 200 58.71 40.30
BSE 500 55.49 43.31
Total BSE 48.83 45.06
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.43 +0.16
Gold Rs./ 10 Gms 34246.00 +0.60
Silver Rs./ Kg 37210.00 +0.48
Rs.- US $ 68.81 -0.07
Rs.- Euro 77.62 -0.27
FII (Rs cr )
03/07* 02/07*
FIIs -1553.11 -863.03
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       20,538.00       1,579.53       20,126.00       1,572.16    1,94,499.00     16,303.19       7.37
Index Options  26,26,896.00  1,81,834.54  26,29,692.00  1,82,077.87    4,39,843.00     36,861.19  (243.33)
Stock Futures    1,41,274.00       8,859.49    1,34,536.00       8,398.04  12,97,137.00     84,540.26   461.44
Stock Options       50,529.00       3,038.75       50,176.00       3,025.68       40,471.00       2,523.85     13.06
Total  28,39,237.00  1,95,312.30  28,34,530.00  1,95,073.76  19,71,950.00  1,40,228.50   238.54
Corporate News
The second largest pure play mortgage lender Indiabulls Housing Finance on Wednesday said it will buyback debt worth Rs.2,705 crore from the investors before their maturity. The company will buy back non-convertible debentures (NCDs) and masala bonds maturing this September aggregating to ₹1,375 crore which includes Rs.660 crore issued by way of a public issue. (BL).
Hong Kong-based CLP Group’s India venture has signed a Rs.3,200-crore deal with Kalpataru Power Transmission Ltd (KPTL) and Techno Electric & Engineering Co Ltd to acquire stakes in three power transmission assets. (ET).
South Korean consumer electronics major LG has forayed into the ceiling fan segment in the Indian market as part of efforts to strengthen its presence in the home appliances and air solutions category in the country. The company has also introduced portable mini air purifier and water purifier with stainless steel water tank in India. (BL).
Vedanta Ltd said in a statement on Wednesday it will spend $245 million over three-fours years on exploration in the 10 blocks it has won in the second and third rounds of bids under the Open Acreage Licensing Policy (OALP). (ET).
Press Trust of India IT services firm Mindtree on Wednesday said Larsen and Toubro (L&T) has “acquired control” of the company with a 60.06 per cent stake and has been categorised as promoter. (ET).
Oil India Ltd (OIL) is exiting Project License-61 in Russia, but a decision has not been taken on whether to exit the shale asset in the US. (BL).
Drug firm Lupin on Wednesday said it has received approval from the US health regulator for its generic Cinacalcet tablets used for treatment of excess parathyroid hormone. The company has received approval from the United States Food and Drug Administration (USFDA) for its Cinacalcet tablets in the strengths of 30 mg, 60 mg, and 90 mg, Lupin said in a filing to BSE. (ET).
ICRA has downgraded the long-term rating of McLeod Russel India Limited (MRIL) to D from B- (minus) and the short-term rating has also been downgraded to D from A4. The rating downgrade comes on the back of the recent delays by the company in meeting debt obligations. (BL).
Eris Lifesciences on Wednesday said its board has approved buyback of shares worth up to Rs 100 crore. The buyback is for 17.39 lakh shares at Rs 575 apiece. (BL).
Pharma major Dr Reddy’s Laboratories Ltd has launched Carboprost Tromethamine Injection, a therapeutic equivalent generic version of Hemabate injection approved by the US Food and Drug Administration (USFDA). (ET).
HDFC Ltd said in the filing that during the quarter ended June 30, 2019, the company’s profit on the sale of investments was Rs1895cr vs. nil in the previous year. This was on account of a part stake sale of equity shares in Gruh Finance Ltd. As on June 30, HDFC’s equity shareholding in Gruh stood at 47.4%. Income from dividend for the quarter ended June 30, 2019 was Rs1cr compared to Rs586cr in the previous year (which included dividend from HDFC Bank and Gruh will this year be received in the second quarter, subject to shareholder approval). (ET).
Economy and Sector News
Kuwait-based Markab Capital has bought a stake of about 21 per cent in Chennai-based interiors and building solutions company Uniply Industries Ltd in a deal valued at about Rs.321 crore. The deal values BSE-listed Uniply at an enterprise value of more than Rs.1,550 crore on a fully diluted basis. In more news, the Drug Controller General of India (DCGI) has found that certain models of insulin pumps are vulnerable to hackers, who may increase or decrease doses of insulin delivery to the patient surreptitiously. The drug regulator has issued a medical device alert over four models of India Medtronic Private Ltd, a Gurugram-based company, saying that these pose a cyber-security risk to patients. (BL).
Superzop, a B2B agri-commerce platform for small Kirana stores, has raised Rs 8 crore in pre-Series A round of funding from MS Fund of SIDBI Venture Capital Ltd, IIM Ahmedabad’s technology incubator, CIIE Initiatives and angel investor Gurumurthy Raman. In more news, the operations and management of airports at Mangaluru, Lucknow and Ahmedabad will soon be taken over by the Adani Group. The group will look after all services at these airports, barring air traffic control and communication, navigation and surveillance services. (ET).
The country’s services sector activity in June contracted for the first time since May 2018 as weak sales, competitive pressures and unfavourable taxation hampered output, a monthly survey showed on WednesdayThe IHS Markit India Services Business Activity Index fell to 49.6 in June, down from 50.2 in May, as broadly stagnant sales caused the first drop in business activity in over a year. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. Meanwhile, the IHS Markit India Composite PMI Output Index, that maps both the manufacturing and services industry, fell from 51.7 in May to 50.8 in June — its lowest mark in over a year. (BL).
While the import of black pepper witnessed a decline of 15.9 per cent in 2018-19, domestic production of the commodity too fell by 12.32 per cent. The Centre’s initiative to prohibit imports below a minimum price of Rs.500 a kg helped bring down imports during the year. (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 trading finished on a positive note on Wednesday, continuing on from a late rally seen during the previous session. The Dow Jones Index closed at 26,966, up 179.32 points by 0.67%. The Standard & Poors 500 index closed at 2,996, up 22.81 points by 0.77%. The Nasdaq Composite Index closed at 8,170, up 61.14 points by 0.75%.

FTSE 100

UK markets finished higher on Wednesday, with a weaker pound lending support even as investors mulled a trio of dismal UK PMIs. The FTSE 100 index closed at 7,609, up 50.13 points by 0.66%.

Global Indices
03/07/2019 Clsg Chg%
Dow Jones 26,966 +0.67
NASDAQ 8,170 +0.75
FTSE 100 7,609 +0.66
Bovespa 102,043 +1.43
04/07/2019 Latest
(5:49AM IST)
Nikkei 21,638 -0.53
Hang Seng 28,855 -0.07


Asian shares started trading in the red on Thursday as the investors will be watching the US and other global markets closely. Nikkei is currently trading at 21,638, down 116.11 points by 0.53%.

Precious Metals

Gold futures notched back-to-back session gains on Wednesday, settling at their highest in over six years as expectations grew for loose global monetary policy, boosting the appeal of the yellow metal.

Base Metals

Tin’s three-month price on the London Metal Exchange climbed by more than 3% at the close of trading on Wednesday July 3, settling above the nearby $18,000-per-tonne resistance level after sliding by more than 6% at Tuesday’s close.

Crude Oil

Oil futures ended higher Wednesday after posting a roughly two-week low a day earlier, as U.S. government data showed domestic crude supplies fell a third straight week, but by a lot less than the market expected.


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