Morning Notes
04th Dec, 2019
 

Trading Range:

Nifty opened gap up at 12068 on Tuesday and made a high and low of 12069 and 11956 respectively before closing negative at 11994.

Review/Outlook:

For the day, support for Nifty exists at 11940 and 11880 levels whereas resistance for Nifty stands at 12070 and 12120 levels.

Review/Outlook:

Bank Nifty opened gap up at 31920, made a high of 31937, low of 31503, and closed negative at 31613. For the day, support for Bank Nifty exists at 31400 and 31200 levels whereas resistance for Bank Nifty stands at 31800 and 32000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,675 -0.31
Nifty 11,994 -0.45
BSE 200 5,013 -0.56
BSE Midcap 14,827 -0.95
BSE Smallcap 13,409 -0.74
Dow Jones 27,503 -1.01
NASDAQ 8,521 -0.55
 

DERIVATIVES INDICATORS FOR DEC 04, 2019:

NIFTY 11994.20 (-54.00) (-0.45%)
NIFTY DEC FUTURE 12046.45 (52.25 Points Premium)
NIFTY PCR - OI 1.31(-0.13)
NIFTY OPEN INTEREST 1.41Cr. (+0.66%)
INDIA VIX 14.56 (+2.53%)
NIFTY ROLLOVER 3%

NIFTY OPTIONS ACTIVITY (26-DEC SERIES)

CALL 12000 CE +2.12 lac Shares
CALL 12200 CE +1.57 lac Shares
PUT 11800 PE +5.12 lac Shares
PUT 11700 PE +2.15 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,838 -0.50
Bankex 35,920 -0.68
PSU 6,936 -1.04
Healthcare 13,446 -0.54
IT 14,836 +0.59
 
Market Turn Over (`cr)
Index 03/12 02/12
BSE Cash 7,088 2,583
NSE Cash 33,706 39,362
NSE F&O 978,982 816,662
BSE Delivery % 51.88 36.49
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 16.83 83.17
BSE 200 24.38 75.12
BSE 500 27.00 72.40
Total BSE 31.26 61.26
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 56.31 +0.37
Gold Rs./ 10 Gms 38250.00 +0.79
Silver Rs./ Kg 44620.00 +0.62
Rs.- US $ 71.78 +0.15
Rs.- Euro 79.52 +0.16
FII (Rs cr )
03/12* 02/12*
FIIs -1447.71 -751.15
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       25,938.00       2,021.59       29,458.00       2,389.39    1,50,147.00     12,766.02  (367.80)
Index Options  26,93,439.00  1,91,455.59  26,91,486.00  1,91,278.30    5,43,131.00     45,566.12   177.29
Stock Futures    2,22,354.00     11,910.49    2,43,973.00     12,515.27  15,93,060.00     94,822.17  (604.78)
Stock Options       61,215.00       3,279.14       62,303.00       3,317.47       47,766.00       2,591.74    (38.33)
Total  30,02,946.00  2,08,666.81  30,27,220.00  2,09,500.43  23,34,104.00  1,55,746.05  (833.62)
Corporate News
Wipro Consumer Care has signed a definitive agreement to acquire Canway Corporation, a South African personal- care company that markets the Oh So Heavenly premium personal care brand, Iwori African skin care brand andIQderma skin-care brand brands. The transaction is subject to the approvals of the regulatorsy authorities. (BL).
With input costs increasing at various levels, India's largest passenger car maker, Maruti Suzuki India (MSIL) on Tuesday said it will increase the prices of its products across models from January 2020. (ET).
Fairfax's Thomas Cook (India) on Tuesday announced that it has signed an agreement with Thomas Cook United Kingdom (UK) to acquire the rights to the Thomas Cook brand in India, Sri Lanka and Mauritius for a one-time payment of approximately Rs 13.9 crore. The company in a statement said that it signed am agreement with AlixPartners, which is appointed Special Managers, to acquire the rights. (BL).
The Nitte-based Justice KS Hegde Institute of Management (JKSHIM), in association with Karnataka Bank Ltd, will conduct ‘Nitte-KBL MSME Conclave and Business Excellence Awards 2019’ in Mangaluru on December 7. (ET).
The committee of creditors (CoC) overseeing the bankruptcy resolution of Reliance Communications (RCom) expects to raise at least Rs 14,000 crore from the sale of the telco’s assets, including spectrum, fibre and towers, based on bids received. (BL).
The acquisition of Lakadia Vadodara Transmission Project Limited (LVTPL), is expected to give a leg up for Sterlite Power in the Indian transmission sector. Sterlite Power has acquired Lakadia Vadodara Transmission Project Limited (LVTPL) from PFC Consulting Limited. (ET).
JSW Steel expects to supply high quality JSW Neosteel TMT Rebars worth Rs 600 crore to various Metro rail projects under construction this fiscal. (ET).
Economy and Sector News
Hyderabad-based Bharat Biotech launched its advanced version of rotavirus vaccine – Rotavac 5D, to tackle viral diarrhoea, on Tuesday. While all other variants of rotavirus vaccine manufactured by competitors are at 2-2.5 ml per dose, Bharat Biotech has concentrated the larger dose into 0.5 ml quantity, an official from the company said. . (BL).
Electronica Finance (EFL) has raised over Rs 100 crore ($15 million) through issuance of Compulsorily Convertible Preference shares to fund new rooftop solar projects. (ET).
Sugar mills in India produced 18.85 lakh tonnes (LT) of sugar till November 30 in sugar season (October to September) 2019-20, 54 per cent lower than the 40.69 LT produced during the corresponding period in the previous year, said an Indian Sugar Mills Association (ISMA) press release on Tuesday. (BL).
Coal India Ltd’s (CIL) coal production dipped by around 4 per cent to 50.02 million tonne (mt) in November 2019 compared to 52 mt the same period last year. Coal offtake dropped by around 7 per cent to 47.37 mt in November against 51 mt the same period last year. On a month-on-month basis, however, coal production was higher by around 27 per cent in November compared to October 2019, said a press statement issued by CIL. Similarly, coal offtake for November 2019 grew by almost 17 per cent on a month-on-month basis to 47.37 mt as against 40.5 mt in October this 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 recorded further losses on Tuesday following comments from Donald Trump at Nato's 70th-anniversary event in London. The Dow Jones Index closed at 27,502, down 280.23 points by 1.01%. The Standard & Poors 500 index closed at 3,093, down 20.67 points by 0.66%. The Nasdaq Composite Index closed at 8,521, down 47.34 points by 0.55%.

FTSE 100

UK markets finished sharply lower on Tuesday after US President Donald Trump suggested that a trade deal with China may not be reached until after the November 2020 US elections, while a stronger pound and uninspiring data also weighed. The FTSE 100 index closed at 7,159, down 127.18 points by 1.75%.

 
 
Global Indices
03/12/2019 Clsg Chg%
Dow Jones 27,502 -1.01
NASDAQ 8,521 -0.55
FTSE 100 7,159 -1.75
Bovespa 108,956 +0.03
04/12/2019 Latest
(7:14AM IST)
Chg%
Nikkei 23,096 -1.21
Hang Seng 26,071 -1.21

Nikkei

Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing market hopes for a quick preliminary agreement. Nikkei is currently trading at 23,096, down 283.93 points by 1.21%.

Precious Metals

Gold XAU= was steady at $1,477.20 per ounce on Wednesday.

Base Metals

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Tuesday November 3, with this morning’s fresh cancelation of 1,326 tonnes doing little to negate selling pressure, while the metal’s benchmark cash/three-month spread reached its widest level since July.

Crude Oil

U.S. West Texas Intermediate (WTI) crude CLc1 steadied to gain 0.61% to $56.44 per barrel, after sliding following Trump’s comments on Wednesday.

 
 
 

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