Morning Notes
2nd Aug, 2019

Trading Range:

Nifty opened gap down at 11060 on Thursday and made a high and low of 11077 and 10881 respectively before closing negative at 10980.


For the day, support for Nifty exists at 10920 and 10840 levels whereas resistance for Nifty stands at 11040 and 11120 levels.


Bank Nifty opened down at 28661, made a high of 28820, low of 28047, and closed negative at 28367. For the day, support for Bank Nifty exists at 28100 and 27900 levels whereas resistance for Bank Nifty stands at 28600 and 28800 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 37,018 -1.23
Nifty 10,980  -1.24
BSE 200 4,579 -1.20
BSE Midcap 13,527 -0.86
BSE Smallcap 12,552 -1.10
Dow Jones 26,583 -1.05
NASDAQ 8,111 -0.79


NIFTY 10980.00 (-138.00) (-1.24%)
NIFTY AUG FUTURE 11015.35 (35.35 Points Premium)
NIFTY PCR - OI 0.82(-0.27)
NIFTY OPEN INTEREST 2.00Cr. (+7.89%)
INDIA VIX 14.55 (+7.12%)


CALL 11000 CE +6.37 lac Shares
CALL 11200 CE +5.83 lac Shares
PUT 10900 PE +1.48 lac Shares
PUT 10700 PE +6.26 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,469 -0.01
Bankex 32,101 -1.80
PSU 6,854 -1.63
Healthcare 12,587 -0.92
IT 15,431 -1.92
Market Turn Over (`cr)
Index 01/08 31/07
BSE Cash 2,093 2,668
NSE Cash 33,533 36,813
NSE F&O 2,799,622 1,525,427
BSE Delivery % 39.00 43.06
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 20.79 79.21
BSE 200 22.89 76.62
BSE 500 23.95 75.45
Total BSE 30.06 65.26
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 54.43 +0.89
Gold Rs./ 10 Gms 34916.00 +1.16
Silver Rs./ Kg 40986.00 -0.58
Rs.- US $ 69.41 +0.32
Rs.- Euro 76.59 -0.26
FII (Rs cr )
01/08* 31/07*
FIIs -1465.71 -675.36
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       68,926.00       4,812.98       93,566.00       6,861.74    2,08,416.00     16,061.81  (2,048.76)
Index Options  64,78,346.00  4,14,012.20  64,45,089.00  4,11,155.11    5,71,187.00     43,792.89   2,857.09
Stock Futures    2,23,441.00     12,666.71    2,32,743.00     13,037.98  14,58,292.00     85,783.40     (371.27)
Stock Options       94,263.00       5,599.94       93,319.00       5,541.25       61,560.00       3,421.58        58.69
Total  68,64,976.00  4,37,091.83  68,64,717.00  4,36,596.08  22,99,455.00  1,49,059.68      495.75
Corporate News
Tata Motors on Thursday said it has slashed its electric vehicles (EVs) prices by up to ₹80,000 following government’s decision to bring down the GST on electric vehicles to 5 per cent. As of now, Tata Motors offers Tigor EV in the domestic market. The price reduction will be applicable across all the variants of Tigor EV, the company said. (BL).
US-based Exelixis Inc has entered into an exclusive collaboration with Aurigene Discovery Technologies, an arm of Dr Reddy’s Laboratories Ltd. The agreement gives Exelixis, an oncology-focused biotechnology firm, the opportunity to in-license as many as six programmes from Aurigene, according to a statement by Exelixis Inc. (ET).
Oral care major Colgate-Palmolive (India) Ltd on Thursday said Ram Raghavan has been appointed as its Managing Director. (BL).
Titan Company Ltd has filed a civil suit before the Delhi High Court against Snapdeal for not taking down various listings of counterfeit Fastrack/Titan branded watches, despite being notified of the same by the company. (ET).
Kalpataru Power Transmission Ltd (KPTL) said on Thursday that it has got shareholders’ approval to raise the borrowing limit to Rs.12,000 crore from the existing Rs.10,000 crore. (ET).
National Aluminium Company (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) have formally inked the joint venture (JV) agreement to form Khanij Bidesh India Ltd (KABIL) to scout for strategic mineral assets like, lithium and cobalt, abroad. (BS).
Loss-making telecom PSUs Bharat Sanchar Nigam Ltd and MTNL have failed to clear salaries of their 1.98 lakh employees for July in time, a union leader said Thursday. (BL).
Kerala has emerged as the fastest growing market for Voltas Ltd in the air-conditioner segment, registering a 163 per cent growth in Q1 of FY20. According to Pradeep Bakshi, Managing Director and CEO, the company sold 35,000 units in the first quarter and he attributes the growth to factors such as harsh summer, pent up demand and easy consumer finance options. (ET).
Corporate Quarterly Earnings
JK Tyre & Industries Ltd has reported a consolidated net profit of Rs.16 crore for Q1 FY20, down 75 per cent from Rs.64 crore in the corresponding period last year. However, revenue from operations grew 6 per cent YoY to Rs.2,575 crore (Rs.2,439 crore). (BL).
Tyre maker Ceat on Thursday said its consolidated net profit rose 15.06 per cent to Rs 82.2 crore for the first quarter ended June 30, 2019. The company had reported a net profit of Rs 71.44 crore during April-June, 2018-19. Revenue from operations rose to Rs 1,752.10 crore as compared with Rs 1,722.03 crore in the year-ago period. (ET).
FMCG company Godrej Consumer Products Limited (GCPL) on Thursday reported a net profit of Rs 407.6 crore, up by 0.63 per cent from the net profit of Rs 405.04 crore it had posted in the year-ago period. The company’s total income during the quarter dipped by 5.49 per cent to Rs 2370.14 crore, from the year-ago period’s Rs 2508.08 crore. (ET).
Heritage Foods has posted a profit of Rs.18.1 crore for Q1 FY20, against Rs.21.3 crore in the previous year period. The dairy company logged revenues of Rs.721.2 crore in the June quarter, up 12.4 per cent (Rs.641.6 core). (BL).
FMCG company Marico on Thursday reported a net profit of Rs 315 crore in the first quarter of this financial year, up by 21.62 per cent from the net profit of Rs 259 crore it had posted in the year-ago period. Revenue from operations for the quarter stood at Rs 2166 crore, up by 6.85 per cent from the year-ago period’s Rs 2027 crore. (ET).
ArcelorMittal on Thursday posted a net loss of $0.447 billion during the June-quarter, mainly due to higher cost of raw materials and low steel prices. The global steel giant had posted net income (attributable to equity holders of the parent) of $1.865 billion in the year-ago period, the company said in a statement. Sales increased to $19.3 billion during the quarter as against $19.2 billion in the year-ago period, registering a marginal rise of 0.5 per cent. (ET).
Bharti Airtel Ltd’s revenue grew by 4.7% yoy and 0.7% qoq to Rs20,738cr. EBITDA came in at Rs8,289cr, higher on qoq and yoy basis, although not comparable owing to adoption of Ind AS116. EBITDA margin came in at 40%. Company reported a net loss of Rs2,866cr vs. Rs97cr yoy and Rs107cr qoq. There were exceptional items during the quarter. (ET).
Tata Power's consolidated net profit declined by 86 per cent to Rs 230.80 crore in the April-June quarter of 2019-20 mainly due to exceptional gains in the same quarter of last year, according to a regulatory filing. The company had posted a consolidated net profit of Rs 1,735.12 crore for the quarter ended on June 30, 2018, boosted exceptional gains of Rs 1,897.24 crore from the sale of non-core investment. The company had posted a consolidated net profit of Rs 1,735.12 crore for the quarter ended on June 30, 2018, boosted exceptional gains of Rs 1,897.24 crore from the sale of non-core investment. Total income during the April-June quarter rose to Rs 7,874.64 crore from Rs 7,404.97 crore in the year-ago quarter. (BL).
Cholamandalam Financial Holdings Thursday recorded a five per cent rise in its profits after tax for the April-June quarter to Rs 330.02 crore. For the corresponding period of the previous year, the city-based Murugappa Group company had recorded net profits at Rs 314.04 crore. Total income for the April-June quarter grew to Rs 3,122.67 crore from Rs 2,475.60 crore registered year ago. (BL).
IT major Cognizant on Thursday posted 11.6 per cent increase in net profit to USD 509 million for June 2019 quarter, and said it expects 3.9-4.9 per cent growth in annual revenue this year. The US-based company, which has a significant portion of its workforce based in India, had posted a net profit of USD 456 million in the year-ago period, Cognizant said in a statement. Its revenue grew 3.4 per cent to USD 4.14 billion in the second quarter of 2019, compared to USD 4 billion in the year-ago period. The topline rose 4.7 per cent on constant currency basis, meeting the guidance of 3.9-4.9 per cent growth in the June 2019 quarter. (BL).
Economy and Sector News
Auto companies announced sales numbers for July 2019. On a YoY basis, Maruti recorded sales decline of 33%, Honda Cars sales dipped 49%, Suzuki Motorcycle sales were up 18%, Hyundai sales dropped by 4%, TVS Motors sales were down 13%, Bajaj Auto sales were down 5%, Ashok Leyland sales were down 28%, M&M sales dropped 15%, and Toyota Kirloskar sales fell 24%. (BL).
Rating agency CRISIL cut the gross domestic product (GDP) growth estimate for India by 0.2% for FY20. The rating agency said that the cut to 6.9% from 7.1% comes amidst slowing global growth and weak monsoon recorded in the country in June. Sluggish earnings for the first quarter was another  contributing factor. In more news, Beating all expectations, collections from the Goods & Services Tax (GST) reached over Rs.1.02 lakh crore in July. So far, in three out of four months during the current fiscal year, the collection has been more than Rs.1 lakh crore. (ET).
A survey has showed that the Manufacturing Purchasing Managers’ Index (PMI) rose to 52.5 in July as against 52.1 in June. This optimism has come at a time when the performance of eight key industrial sectors, as represented by the core sector data, touched a 50-month low. In more news, Start-up incubator and accelerator Venture Catalysts on Thursday announced the launch of 9Unicorns, a fund-cum-accelerator to identify, fund, and support early-stage start-ups across the country. The fund will have a corpus of ₹300 crore, offered by Venture Catalysts. (BL).
Gold demand in the June quarter was up 13 per cent at 213 tonnes against 189 tonnes logged in the same period last year amid volatile prices. In terms of value, it jumped 17 per cent to Rs 62,422 crore (Rs 53,260 crore). Jewellery demand during the quarter under review jumped 12 per cent at 169 tonne (150 tonne) while in value terms it was up 17 per cent at Rs 49,380 crore (Rs 42,200 crore). In more news, Essar Ports on Thursday said its arm Essar Vizag Terminal registered 45 per cent growth in overall cargo at 3.2 million tonne during the quarter ended June 30. (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 lost early gains and fell into the negative territory on Thursday as President Donald Trump tweeted that he will impose 10% tariffs on an additional $300 billion worth of imports from China. The Dow Jones Index closed at 26,583, down 280.85 points by 1.05%. The Standard & Poors 500 index closed at 2,954, down 26.82 points by 0.90%. The Nasdaq Composite Index closed at 8,111, down 64.30 points by 0.79%.

FTSE 100

UK markets fell on Thursday as falling crude oil and metals' prices more than offset a rally on Wall Street coupled with headwind from a rising US dollar proved too much. The FTSE 100 index closed at 7,585, down 1.91 points by 0.03%.

Global Indices
01/08/2019 Clsg Chg%
Dow Jones 26,584 -1.05
NASDAQ 8,111 -0.79
FTSE 100 7,585 -0.03
Bovespa 102,125 +0.31
02/08/2019 Latest
(6:30AM IST)
Nikkei 21,111 -2.00
Hang Seng 27,566 -0.76


Asian shares opened lower on Friday as investors will be watching the US markets very closely. Nikkei is currently trading at 21,111, down 430.09 points by 2.00%.

Precious Metals

Gold futures settled with loss on Thursday after a Federal Reserve rate cut failed to stem strength in the U.S. dollar.

Base Metals

Zinc was lower at the close of trading on the London Metal Exchange on Thursday August 1, falling by some 1.3%, although nickel eked out some gains above $14,500 per tonne.

Crude Oil

A stronger U.S. dollar started oil on the wrong foot Thursday, but news of President Donald Trump’s plan to implement new tariffs on Chinese goods fueled worries over a slowdown in the global economy and energy demand, pushing prices to their lowest finish since June.


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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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