Morning Notes |
09th Dec, 2019 |
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Trading Range:
Nifty opened gap up at 12047 on Friday and made a high and low of 12057 and 11889 respectively before closing negative at 11922.
Review/Outlook:
For the day, support for Nifty exists at 11880 and 11790 levels whereas resistance for Nifty stands at 12000 and 12150 levels.
Review/Outlook:
Bank Nifty opened gap up at 31797, made a high of 31884, low of 31251, and closed negative at 31342. For the day, support for Bank Nifty exists at 31200 and 31000 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
40,445 |
-0.82 |
Nifty |
11,922 |
-0.81 |
BSE 200 |
4,974 |
-0.90 |
BSE Midcap |
14,667 |
-1.26 |
BSE Smallcap |
13,339 |
-0.86 |
Dow Jones |
28,015 |
+1.22 |
NASDAQ |
8,657 |
+1.00 |
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DERIVATIVES INDICATORS FOR DEC 09, 2019:
NIFTY |
11921.50 (-96.90) (-0.81%) |
NIFTY DEC FUTURE |
11955.70 (34.20 Points Premium) |
NIFTY PCR - OI |
1.25(-0.29) |
NIFTY OPEN INTEREST |
1.39 Cr. (+2.31%) |
INDIA VIX |
13.64 (-4.65%) |
NIFTY ROLLOVER |
4% |
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NIFTY OPTIONS ACTIVITY (26-DEC SERIES)
CALL |
12000 CE +3.69 lac Shares |
CALL |
12100 CE +3.38 lac Shares |
PUT |
11800 PE +1.38 lac Shares |
PUT |
11700 PE +0.73 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
17,493 |
-1.78 |
Bankex |
35,751 |
-1.10 |
PSU |
6,731 |
-2.36 |
Healthcare |
13,349 |
-0.92 |
IT |
15,176 |
-0.13 |
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Market Turn Over (`cr) |
Index |
06/12 |
05/12 |
BSE Cash |
1,767 |
2,075 |
NSE Cash |
33,124 |
34,089 |
NSE F&O |
1,003,596 |
3,097,947 |
BSE Delivery % |
40.97 |
38.84 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
15.84 |
84.16 |
BSE 200 |
17.91 |
82.09 |
BSE 500 |
21.60 |
78.40 |
Total BSE |
32.19 |
60.98 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
59.20 |
+1.32 |
Gold Rs./ 10 Gms |
37699.00 |
-1.01 |
Silver Rs./ Kg |
43545.00 |
-2.39 |
Rs.- US $ |
71.29 |
+0.07 |
Rs.- Euro |
78.81 |
-0.39 |
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FII (Rs cr ) |
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06/12* |
05/12* |
FIIs |
+437.41 |
+195.45 |
MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
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Details |
Buy |
Sell |
Open interest at the
end of the day |
Net Position |
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No. of Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
Value
(Rs. Cr) |
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Index Futures |
41,494.00 |
3,201.81 |
37,698.00 |
2,961.33 |
1,56,471.00 |
13,154.97 |
240.48 |
Index Options |
30,91,555.00 |
2,22,457.43 |
30,60,173.00 |
2,19,751.75 |
5,74,994.00 |
47,807.23 |
2,705.68 |
Stock Futures |
2,01,018.00 |
11,817.55 |
2,07,910.00 |
12,172.13 |
15,91,527.00 |
94,155.61 |
(354.58) |
Stock Options |
70,555.00 |
4,693.01 |
71,401.00 |
4,751.50 |
57,293.00 |
3,253.62 |
(58.49) |
Total |
34,04,622.00 |
2,42,169.80 |
33,77,182.00 |
2,39,636.71 |
23,80,285.00 |
1,58,371.43 |
2,533.09 |
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Corporate News |
Maruti Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand. The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said in a regulatory filing. Passenger vehicles’ production last month stood at 1,39,084 units as against 1,34,149 units in November 2018, an increase of 3.67 per cent, it added. (BL). |
NTPC has signed a term loan agreement for Rs.5,000 crore with State Bank of India. A company statement said that the loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years. The loan will be utilised to part finance the capital expenditure of NTPC. (ET). |
Diversified agri business company Godrej Agrovet Ltd (GAVL) is expecting 14-15 per cent growth in topline this fiscal primarily backed by value growth in its animal feed business. The company’s topline grew by around 12 per cent to close to Rs.5,900 crore in FY19. According to Balram Singh Yadav, Managing Director, Godrej Agrovet, the growth in turnover would also be supported by better performance in some of its verticals including agro chemicals and dairy businesses. In more news, Godrej Appliances is working on a new technology to reduce energy consumption by 80 per cent for its air conditioners (ACs), as part of a competition instituted by a coalition of the Government of India and Rocky Mountain Institute (RMI), for which the company has emerged as one of the eight finalists. (BL). |
Even as the company moots ‘One City One Operator’ concept for sewage treatment projects, VA Tech WABAG, a prominent player in water treatment projects, hopes to get back to growth path from this fiscal after a blip last year. (ET). |
Coal India, the world’s largest miner, plans to give 10-15 days credit period to companies operating in the non-regulated sectors such as steel, cement, and aluminium. These companies, which are called customers in Coal India parlance, had to make an upfront payment before despatch. (BL). |
Vodafone Idea’s financial position is so precarious that it will be forced to shut operations if the Centre does not offer a fiscal package for the telecom sector. Speaking at a media event in New Delhi, Kumar Mangalam Birla, Chairman, Vodafone Idea, said "I think we can expect much more stimulus from the government because it is required for the sector to survive. If we weren’t getting anything, then I think, it is the end of the story for Vodafone Idea". (BL). |
KEC International, an RPG Group company, has bagged new orders worth Rs.1,025 crore across its Railways, Transmission & Distribution (T&D) and Cables businesses. The infrastructure EPC contractor has won orders worth Rs.750 crore for T&D projects in India. This includes a 765 kV GIS substation order from a Power Grid Corporation of India (PGCIL) entity under the tariff-based competitive bidding (TBCB) route in western India, the company said in a statement. (BL). |
Almost a year after it was first approved, JSW Steel inched closer to acquiring Vardhman Industries (VIL) in the insolvency driven process as the National Company Law Appellate Tribunal ruled in favour of the company. (ET). |
Pennar Industries Limited, a leading value-added engineering products and solutions company today announced that it has bagged orders worth Rs.302 crore across its business verticals during the month of November 2019. (ET). |
Dr. Reddy’s Laboratories Ltd has launched Deferasirox Tablets for Oral Suspension, a therapeutically equivalent generic version of Exjade (deferasirox) tablets for oral suspension, approved by the US Food and Drug Administration (USFDA). (ET). |
KNR Construction will be in foucs as the co has signed a concession agreement of HAM project with a bid cost of Rs 920 crore with NHAI. Also, the company has received orders worth of Rs. 165.68 Crores from Greater Hyderabad Municipal Corporation (GHMC)(BQ). |
Dish TVCare Ratings has cut ratings for the company’s banking facilities worth Rs 850 crore to CARE D from CARE A4+. Rating revised after the company defaulted in payment of short-term loan due on Nov.28(BQ). |
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Economy and Sector News |
A significant increase in wheat planting reported from Madhya Pradesh and Rajasthan this week has helped overall rabi sowing to surpass the area covered during the corresponding week last year, according to data released by the Agriculture Ministry on Friday. As against 413 lakh hectares (LH) sown in the same week in the previous year, farmers across the country covered 418 lh, an increase of 1.24 per cent year-on-year. In more news, India Inc’s foreign borrowings grew over two-fold to USD 3.41 billion in October over the corresponding month a year ago, according to data from the Reserve Bank of India. Indian companies had raised USD 1.41 billion in borrowings from overseas markets in October 2018. Of the total money borrowed by the domestic companies, USD 2.87 billion was through the automatic route of external commercial borrowing (ECB), USD 538 million came in through the approval route of ECB, showed the data. (BL). |
Renascent Power Ventures has acquired a 75 per cent equity stake in Prayagraj Power Generation Company. This transaction is the result of stressed asset resolution process initiated by the lenders through a competitive process, the company said in a statement. Renascent is a wholly-owned subsidiary of Resurgent Power Ventures Pte Limited--a joint venture between Tata Power International Pte Ltd, ICICI Ventures and other global investors. In more news, China’s crackdown on illegal meat imports has left India, one of the biggest exporters of buffalo meat, scrambling for a new buyer. China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. (ET).
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The Special Window for Affordable and Mid-Income Housing Fund (SWAMIH) Investment Fund I, sponsored by the Government of India for providing last-mile funding to enable completion of construction of stalled housing projects, has achieved its first closing at Rs 10,530 crore. In more news, As many as 373 infrastructure projects, each worth Rs 150 crore or more, are hit by cost overruns of more than Rs 3.89 lakh crore owing to delays and other reasons, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of such 1,634 projects, 373 projects reported cost overruns and 552 projects time escalation. Total original cost of implementation of the 1,634 projects was Rs 19,40,699.03 crore and their anticipated completion cost is likely to be Rs 23,29,746.02 crore, which reflects overall cost overruns of Rs 3,89,046.99 crore (20.05 per cent of original cost). (BL). |
Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown prince and his plans to reshape the oil-rich nation. The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world’s most profitable company at $1.7 trillion. It received total bids of $119 billion. In more news, On December 6, 2019, Indian Oil Corporation Limited and Can Fin Homes Limited have made an application to list Commercial Paper at BSE for an Issue Size of Rs4,370cr and Rs300cr respectively. Post-process, the effective date of listing for the same at BSE is December 09, 2019. (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
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Global Markets |
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DJIA and NASDAQ Composite
US markets closed sharply higher on Friday following the release of a key monthly jobs report that easily topped expectations on the Street. The Dow Jones Index closed at 28,015, up 337.27 points by 1.22%. The Standard & Poors 500 index closed at 3,146, up 28.48 points by 0.91%. The Nasdaq Composite Index closed at 8,657, up 85.83 points by 1.00%.
FTSE 100
UK markets pared their weekly loss on Friday thanks to signs of progress in Sino-US trade relations and the release of data showing US unemployment back again at 50-year lows last month. The FTSE 100 index closed at 7,240, up 101.81 points by 1.43%. |
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Global Indices |
06/12/2019 |
Clsg |
Chg% |
Dow Jones |
28,015 |
+1.22 |
NASDAQ |
8,657 |
+1.00 |
FTSE 100 |
7,240 |
+1.43 |
Bovespa |
111,126 |
+0.46 |
09/12/2019 |
Latest
(4:48AM IST) |
Chg% |
Nikkei |
23,419 |
+0.28 |
Hang Seng |
26,498 |
+1.07 |
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Nikkei
Asian stocks kicked off the week on Monday with modest gains after U.S. equities rallied Friday on better-than-expected jobs data. Treasuries stabilized after declines. Nikkei is currently trading at 23,419, up 64.73 points by 1.07%.
Precious Metals
Gold was little changed at $1,460.72 an ounce on Monday.
Base Metals
Tin ended higher on the London Metal Exchange on Friday December 6, closing above $17,000 per tonne for the first time since September.
Crude Oil
West Texas Intermediate crude dipped 0.5% to $58.88 a barrel on Monday. |
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