Morning Notes
05th Dec, 2019
 

Trading Range:

Nifty opened gap down at 11970 on Wednesday and made a high and low of 12055 and 11935 respectively before closing positive at 12043.

Review/Outlook:

For the day, support for the Nifty exists at 11980 and 11930 levels whereas resistance for Nifty stands at 12110 and 12170 levels.

Review/Outlook:

Bank Nifty opened gap down at 31549, made a high of 32018, low of 31444, and closed positive at 31979. For the day, support for Bank Nifty exists at 31800 and 31500 levels whereas resistance for Bank Nifty stands at 32200 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,850 +0.43
Nifty 12,043 +0.41
BSE 200 5,034 +0.43
BSE Midcap 14,903 +0.52
BSE Smallcap 13,453 +0.33
Dow Jones 27,650 +0.53
NASDAQ 8,567 +0.54
 

DERIVATIVES INDICATORS FOR DEC 05, 2019:

NIFTY 12043.20 (+49.00) (+0.41%)
NIFTY DEC FUTURE 12089.80 (46.60 Points Premium)
NIFTY PCR - OI 1.44(+0.13)
NIFTY OPEN INTEREST 1.41Cr. (+0.05%)
INDIA VIX 13.32 (-8.52%)
NIFTY ROLLOVER 4%

NIFTY OPTIONS ACTIVITY (26-DEC SERIES)

CALL 12100 CE -0.40 lac Shares
CALL 12200 CE -0.51 lac Shares
PUT 11800 PE +0.90 lac Shares
PUT 11900 PE +0.77 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,925 +0.48
Bankex 36,423 +1.40
PSU 6,978 +0.62
Healthcare 13,561 +0.86
IT 15,039 +1.37
 
Market Turn Over (`cr)
Index 04/12 03/12
BSE Cash 2,567 7,088
NSE Cash 38,184 33,706
NSE F&O 1,809,045 978,982
BSE Delivery % 39.78 51.88
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 67.33 32.67
BSE 200 67.66 31.84
BSE 500 56.09 42.71
Total BSE 45.87 46.69
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 58.30 -0.22
Gold Rs./ 10 Gms 38094.00 -0.61
Silver Rs./ Kg 44430.00 -1.91
Rs.- US $ 71.51 -0.38
Rs.- Euro 79.26 -0.33
FII (Rs cr )
04/12* 03/12*
FIIs -102.82 -1447.71
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       34,296.00       2,592.25       42,922.00       3,328.38    1,53,633.00     13,115.40  (736.13)
Index Options  55,46,113.00  3,90,665.97  55,53,066.00  3,91,156.29    5,49,250.00     46,370.65  (490.32)
Stock Futures    2,19,995.00     12,755.73    2,11,080.00     12,362.53  15,88,295.00     95,547.44   393.20
Stock Options       71,174.00       4,569.01       70,554.00       4,524.38       50,246.00       2,792.57     44.63
Total  58,71,578.00  4,10,582.96  58,77,622.00  4,11,371.58  23,41,424.00  1,57,826.06  (788.62)
Corporate News
Steel Authority of India Limited (SAIL) has recorded an over 36 per cent jump in sales during November 2019 on a year on year basis. A company statement said that sales during November 2019 stood at 1.409 Million Tonnes. (BL).
Bharat Petroleum Corporation Ltd (BPCL) has started doorstep delivery of diesel for industrial and bulk customers in Noida from Wednesday. (ET).
The Bharti Airtel board on Wednesday approved the raising of $4 billion through equity dilution and debt funding, subject to the approval of shareholders and other regulatory approvals. The proceeds will be mainly used to fund its adjusted gross revenue (AGR) dues. (BL).
Tata Motors on Wednesday said it will increase the prices of its passenger vehicles from January 2020, primarily in order to offset the impact of upgrading its portfolio to conform to BS-VI emission norms. (ET).
Sembcorp Industries (Sembcorp) will buy out Gayatri Energy Ventures Pvt Ltd’s (GEVPL’s) stake in Sembcorp Energy India Ltd (SEIL). The proposed acquisition is expected to be completed by the end of the year. (BL).
Eris Lifesciences Ltd has acquired the trademarks for anti-diabetic drug Zomelis for vildagliptin-based formulations, and its associated trademarks, from Switzerland-based Novartis AG for $13 million (approx Rs.93 crore). (ET).
L&T Construction, an arm of L&T has bagged orders for its Transmission and Distribution and Transportation Infrastructure business. (BL).
Dr. Reddy’s Laboratories Ltd. has launched Bortezomib for Injection approved by the US Food and Drug Administration (USFDA). (ET).
Wind turbine maker Suzlon Energy and its bankers are working on a debt restructuring programme to avoid the bankruptcy court for resolution. This is after talks for stake sale with potential buyers collapsed. (ET).
Ashok Leyland said in the press note that in order to align production in-line with the market demand for its products, the company proposes to observe non-working days ranging from 2-12 days in few plants, during the month of December 2019. (ET).
SBI will be in focus as Board approved divestment of the Bank’s stake in UTI AMC by up to 1.05 crore shares or 8.25 percent equity through initial public offering via offer for sale. The bank’s stake in UTI AMC will fall to almost 10 percent post the OFS. (BQ).
IndiGo said it expects its capacity to grow by 22-23 percent for fiscal year 2020 as against earlier stated guidance of 25 percent announced during September quarter earnings. The company lowered its capacity growth guidance for the second time in last 45 days. During the second-quarter earnings, IndiGo had lowered its capacity growth guidance to 25 percent from 30 percent for 2019 -20. (BQ).
Economy and Sector News
Beverage major Coca-Cola on Wednesday said that it is divesting bottling operations of Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) in four territories in North India. In more news, Hyundai Motor Co will spend 20 trillion won ($17 billion) over the next six years on new technology in a bid to transform itself into a producer of electric and autonomous cars. (BL).
Public sector oil marketing companies organised a roadshow here to create awareness about Sustainable Alternative Towards Affordable Transportation (SATAT) and bio diesel (from used cooking oil). In more news, over Rs. 1.73 lakh crore investments have come into the State since the implementation of Telangana State Industrial Project Approval and Self Certification System (TS-iPASS), , said KT Rama Rao, Minister of Industries, Government of Telangana. (ET).
The Cabinet on Wednesday gave its nod for the Personal Data Protection Bill in a move that will be watched closely by other nations looking at similar laws. The passing of the Bill in Parliament — likely to happen in the ongoing Winter Session — will bring in clarity on not only the nitty-gritty of how to protect one’s personal and sensitive data, but also on the penalties that a company/agency/person would face for tampering with such data. (BL).
Showing recovery, the Purchasing Managers' Index (PMI) for services expanded to 52.7 in November as against 49.2 in October. This is first expansion after three months. PMI is calculated on the basis of responses from purchasing managers in 400 companies. It is prepared by IHS Markit. Index below 50 shows contraction while above that means expansion. (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 for the first time in four sessions following a report that a phase-one trade U.S.-China trade deal was still in the works, helping to offset fears of a delay sparked a day earlier by President Donald Trump’s remarks. The Dow Jones Index closed at 27,649, up 146.97 points by 0.53%. The Standard & Poors 500 index closed at 3,113, up 19.56 points by 0.63%. The Nasdaq Composite Index closed at 8,567, up 46.03 points by 0.54%.

FTSE 100

UK markets remained in the green by the close on Wednesday, amid fresh optimism over a trade deal between the US and China, although a stronger pound meant gains were less than impressive in comparison to markets on the continent. The FTSE 100 index closed at 7,189, up 29.74 points by 0.42%.

 
 
Global Indices
04/12/2019 Clsg Chg%
Dow Jones 27,649 +0.53
NASDAQ 8,567 +0.54
FTSE 100 7,189 +0.42
Bovespa 110,301 +1.23
05/12/2019 Latest
(7:34AM IST)
Chg%
Nikkei 23,290 +0.67
Hang Seng 26,208 +0.56

Nikkei

Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year. Nikkei is currently trading at 23,290, up 155.17 points by 0.67%.

Precious Metals

Gold futures finished lower Wednesday, pulling back from a near one-month settlement high a day earlier, after a report that trade talks between Beijing and Washington are progressing dulled some haven demand for the metal.

Base Metals

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday December 4, with upward movement in the price of the galvanizing metal supported by strong turnover, while nickel futures took a divergent path over the afternoon in a 1.6% sell-off.

Crude Oil

Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session’s steep gains on a sharp drop in U.S. crude inventories and expectations of more output cuts.

 
 
 

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