Morning Notes
05th Sep, 2019
 

Trading Range:

Nifty opened gap down at 10790 on Wednesday and made a high and low of 10859 and 10746 respectively before closing positive at 10845.

Review/Outlook:

For the day, support for Nifty exists at 10780 and 10710 levels whereas resistance for Nifty stands at 10890 and 10960 levels.

Review/Outlook:

Bank Nifty opened gap down at 26786, made a high of 27279, low of 26641, and closed positive at 27124. For the day, support for Bank Nifty exists at 26900 and 26700 levels whereas resistance for Bank Nifty stands at 27300 and 27500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 36,725 +0.44
Nifty 10,845 +0.43
BSE 200 4,533 +0.36
BSE Midcap 13,264 +0.14
BSE Smallcap 12,406 +0.29
Dow Jones 26,355 +0.91
NASDAQ 7,977 +1.30
 

DERIVATIVES INDICATORS FOR SEP 05, 2019:

NIFTY 10,844.65 (+46.75) (+0.45%)
NIFTY SEP FUTURE 10886.30 (41.65 Points Premium)
NIFTY PCR - OI 1.08(+0.04)
NIFTY OPEN INTEREST 1.81Cr. (-2.72%)
INDIA VIX 17.23 (-4.54%)
NIFTY ROLLOVER 5%

NIFTY OPTIONS ACTIVITY (26-SEP SERIES)

CALL 10800 CE +0.71 lac Shares
CALL 11000 CE +2.11 lac Shares
PUT 10800 PE +1.28 lac Shares
PUT 10700 PE +1.38 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,239 -1.74
Bankex 30,517 +1.06
PSU 6,279 +1.42
Healthcare 12,773 +0.01
IT 16,213 +0.41
 
Market Turn Over (`cr)
Index 04/09 03/09
BSE Cash 4,095 1,822
NSE Cash 30,840 28,313
NSE F&O 1,502,054 931,078
BSE Delivery % 33.11 39.20
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 55.45 43.56
BSE 200 56.22 43.28
BSE 500 52.80 46.20
Total BSE 46.70 46.77
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 55.91 -0.62
Gold Rs./ 10 Gms 39823.00 +0.36
Silver Rs./ Kg 51396.00 +1.63
Rs.- US $ 72.11 -0.14
Rs.- Euro 79.58 +0.42
FII (Rs cr )
04/09* 03/09*
FIIs -3162.98 +574.82
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
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
Value
(Rs. Cr)
Index Futures       80,225.00       5,678.11       66,754.00       4,639.55    1,49,294.00     11,329.55   1,038.56
Index Options  49,22,980.00  3,07,752.32  49,38,241.00  3,08,893.64    7,65,945.00     58,404.61  (1,141.32)
Stock Futures    2,16,392.00     11,566.56    2,15,896.00     11,490.24  15,02,410.00     87,008.53        76.32
Stock Options       90,675.00       5,093.65       90,112.00       5,067.09       51,860.00       2,870.94        26.56
Total  53,10,272.00  3,30,090.64  53,11,003.00  3,30,090.52  24,69,509.00  1,59,613.63         0.12
Corporate News
State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest about Rs.25,000 crore to set up an ethylene cracker plant at Rasayani, 50 kilometres from its Mumbai refinery, as the firm pushes further into the petrochemicals business to fuel growth. (BL).
The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said that it has decided to suspend production at its Gurugram and Manesar plants in Haryana for two days. The company said it will halt manufacturing operations at the two manufacturing facilities on September 7 and 9. (ET).
KIOCL Ltd, a Central public sector undertaking under the Union Ministry of Steel, is planning to invest Rs.3,500 crore in the next 2-3 years. Addressing shareholders at the 43rd annual general meeting on Tuesday, MV Subba Rao, Chairman and Managing Director, said that the company is extensively working for a large size capital investment of ₹3,500 crore in core as well as new business sectors during the next 2-3 years. (BL).
Drugmaker Lupin has formalised a licensing agreement with Boehringer Ingelheim (BI) to develop and commercialise a novel cancer drug in a deal valued at $700 million. The partnership looks to develop a targeted therapy involving Lupin’s MEK inhibitor compound in combination with one of BI’s KRAS inhibitors for patients with gastrointestinal and lung cancer that shows KRAS mutations, said a Lupin note. (ET).
In a temporary relief to BSR & Associates LLP, a KPMG affiliate firm, the Bombay High Court has stayed the proceedings against the audit firm in the Mumbai bench of the National Company Law Tribunal (NCLT) until further order. On Wednesday, a division bench of the Bombay High Court comprising Justice Ranjit More and Justice NJ Jamdar stayed proceedings in NCLT in an oral order. (ET).
Wipro has received a long-term $300 million contract from ICICI Bank to provide digital technology led services. The company said in a filing to the BSE that it has secured a strategic seven-year engagement from the major Indian private sector bank. (ET).
BEML announced disinvestment of its shareholding of 96.56% in M/S Vignyan Industries Limited (VIL), a subsidiary of BEML Ltd. (BL).
Economy and Sector News
Hyderabad-based 3rd Flix Visual Effects Pvt Ltd, an immersive experiences ed-tech start-up, has raised $5 million in a pre-Series A round, led by Exfinity Ventures and joined by YourNest, IDFC Parampara and HNIs. In more news, India and Russia on Wednesday decided to step up industrial cooperation and create new technological and investment partnership, especially in advanced high-tech areas, with an aim to increase bilateral trade to $30 billion by 2025. (BL).
As part of the ambitious Blue Revolution project, the Union government has lined up Rs.25,000 crore to invest in different segments of the fisheries sector in the next three to five years. In more news, The demand growth in the steel sector in India is expected to be lower at around 4 per cent in 2019-20, as against the earlier estimated growth of 7 per cent. India Ratings and Research (Ind-Ra) has revised its outlook for the steel sector to stable-to-negative from stable for the remaining part of FY 20 due to sluggish demand growth in the segment. (ET).
In August’19, the electricity market at IEX recorded 33% increase on yoy basis on back of 4% yoy growth in peak demand on an all-India basis. in more news, India Ratings and Research (Fitch Group) expects headwinds to foreign portfolio investment (FPI) flows into India to continue over the near-to-medium term despite the accommodative global monetary policy stance and the central government’s efforts to alleviate uncertainty regarding the higher surcharge. A gamut of factors, such as slower-than-expected demand growth in major economies, geopolitical and trade tensions and a gradual weakening of the economic growth prospects in India, have contributed to a build-up of risk aversion, which has impeded the demand for emerging market (EM) debt instruments. (BL).
After manufacturing, services too is showing stress, as the Purchasing Managers’  Index (PMI) for services came down to 52.4 in August from 53.8 in July. Services PMI is an economic indicator that is taken into consideration by various policy makers, including the Reserve Bank of India, for policy rate revision. This index is based on a survey conducted by IHS Markit. It involves responses from around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP (Gross Domestic Product). (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 closed higher on Wednesday after a report revealed that China's services sector expanded at its fastest pace in three months in August and a controversial bill that led to recent tensions in Hong Kong was withdrawn. The Dow Jones Index closed at 26,355, up 237.45 points by 0.91%. The Standard & Poors 500 index closed at 2,938, up 31.51 points by 1.08%. The Nasdaq Composite Index closed at 7,976, up 102.72 points by 1.30%.

FTSE 100

UK markets rose on Wednesday, with Asia-focused Prudential and Standard Chartered lending support as worries about unrest in Hong Kong receded, while sterling rallied amid hopes that a no-deal Brexit can be avoided. The FTSE 100 index closed at 7,311, up 43.07 points by 0.59%.

 
 
Global Indices
04/09/2019 Clsg Chg%
Dow Jones 26,355 +0.91
NASDAQ 7,976 +1.30
FTSE 100 7,311 +0.59
Bovespa 101,201 +1.52
05/09/2019 Latest
(4:06AM IST)
Chg%
Nikkei 20,649 +0.12
Hang Seng 26,523 +3.90

Nikkei

Asian stocks started trading early on Thursday morning on a positive note as the investors will be closely watching the US and other global markets closely. Nikkei is currently trading at 20,649, up 23.98 points by 0.12%.

Precious Metals

Gold futures shook off earlier losses on Wednesday to finish at a fresh six-year peak, buoyed by economic worries and weakness in the dollar.

Base Metals

The three-month zinc price on the London Metal Exchange topped gains at the close of trading on Wednesday September 4, appreciating by almost 5% to close at its highest level since August 5, while the copper outright price closed at a two-week high.

Crude Oil

The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 401,000 barrels for the week ended Aug. 30, according to sources.

 
 
 

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