Morning Notes |
10th Jul, 2019 |
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Trading Range:
Nifty opened gap down at 11532 on Tuesday and made a high and low of 11583 and 11461 respectively before closing flat at 11556.
Review/Outlook:
For the day, support for Nifty exists at 11480 and 11400 levels whereas resistance for Nifty stands at 11620 and 11680 levels.
Review/Outlook:
Bank Nifty opened gap down at 31533, made a high of 31702, low of 30347, and closed negative at 30569. For the day, support for Bank Nifty exists at 30400 and 30200 levels whereas resistance for Bank Nifty stands at 30800 and 31000 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
38,731 |
+0.03 |
Nifty |
11,556 |
-0.02 |
BSE 200 |
4,826 |
+0.06 |
BSE Midcap |
14,524 |
+0.63 |
BSE Smallcap |
13,802 |
+0.05 |
Dow Jones |
26,783 |
-0.08 |
NASDAQ |
8,142 |
+0.54 |
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DERIVATIVES INDICATORS FOR JUL 10, 2019:
NIFTY |
11555.90 (-2.70) (-0.02%) |
NIFTY JUL FUTURE |
11552.60 (3.30 Points Discount) |
NIFTY PCR - OI |
0.91(+0.03) |
NIFTY OPEN INTEREST |
2.09Cr. (+3.92%) |
INDIA VIX |
13.68 (-1.19%) |
NIFTY ROLLOVER |
11% |
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NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
CALL |
11600 CE +4.13 lac Shares |
CALL |
11500 CE +2.99 lac Shares |
PUT |
11500 PE +1.71 lac Shares |
PUT |
11300 PE +1.87 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
17,132 |
-0.03 |
Bankex |
34,372 |
+0.00 |
PSU |
7,523 |
+0.93 |
Healthcare |
12,781 |
+1.81 |
IT |
15,086 |
-0.98 |
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Market Turn Over (`cr) |
Index |
09/07 |
08/07 |
BSE Cash |
2,371 |
2,268 |
NSE Cash |
37,841 |
35,264 |
NSE F&O |
1,141,933 |
1,160,083 |
BSE Delivery % |
38.93 |
45.34 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
54.46 |
45.54 |
BSE 200 |
55.72 |
43.78 |
BSE 500 |
51.50 |
47.31 |
Total BSE |
45.04 |
48.81 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
58.69 |
+1.49 |
Gold Rs./ 10 Gms |
34582.00 |
+0.01 |
Silver Rs./ Kg |
38180.00 |
+0.41 |
Rs.- US $ |
68.61 |
+0.04 |
Rs.- Euro |
76.87 |
-0.08 |
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FII (Rs cr ) |
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09/07* |
08/07* |
FIIs |
-329.85 |
+599.59 |
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 |
50,048.00 |
3,884.81 |
67,174.00 |
5,354.04 |
2,48,697.00 |
20,340.96 |
(1,469.23) |
Index Options |
32,60,303.00 |
2,27,726.36 |
32,47,918.00 |
2,26,959.37 |
5,45,906.00 |
43,566.90 |
766.99 |
Stock Futures |
2,07,363.00 |
13,263.58 |
2,13,862.00 |
13,499.11 |
13,49,341.00 |
84,859.06 |
(235.53) |
Stock Options |
1,15,612.00 |
7,241.77 |
1,15,703.00 |
7,234.56 |
58,112.00 |
3,452.18 |
7.21 |
Total |
36,33,326.00 |
2,52,116.51 |
36,44,657.00 |
2,53,047.07 |
22,02,056.00 |
1,52,219.10 |
(930.56) |
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Corporate News |
The Chairman of the Adani Group, Gautam Adani, is hitting back at criticism regarding the Carmichael Coal mine. He stated that the endeavour will be both unprofitable and too dirty. In an interview in New Delhi, Gautam Adani took aim at two major faults opponents have flung at the development. (BL). |
Drug firm Lupin on Tuesday said it has launched in the US generic Imatinib Mesylate tablets used for treatment of certain types of cancer. The company’s alliance partner Natco had received an approval from the United States Food and Drug Administration (USFDA) earlier for the product, Lupin said in a statement. (ET).
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Zee Media Corporation Ltd on Tuesday said its Managing Director, Ashok Venkatramani, has resigned from the company. Venkatramani’s resgination will be effective from July 9, 2019. (BL). |
NTPC, India’s largest electricity producer, has terminated contracts it had awarded to BGR Mining & Infra Ltd for development of its coal mines in Jharkhand and Chhattisgarh over allegations of corruption against senior officials of the private mining company. (ET). |
Max Financial Services on Tuesday said that it has not approached insurance regulator IRDAI with any proposal to sell 10 per cent stake in its insurance subsidiary Max Life to Axis Bank. (ET). |
In its commitment to stay ahead of the emerging mobility trends, country's largest two-wheeler manufacturer, Hero MotoCorp on Tuesday said it has revamped its leadership team. Hero MotoCorp has created the ‘Emerging Mobility’ Business Unit to give an impetus to new mobility trends such as Electric Vehicles (EVs), the company said. (BL). |
Dr Reddy’s Laboratories Ltd has launched an over-the-counter (OTC) store-brand equivalent of Mucinex D Extended Release Tablets in two strengths. (BL). |
A probe commissioned by SBI has flagged transactions worth Rs 5,500 crore in the books of Reliance Communications and two other Anil Ambani-led Reliance Group entities for further investigation. The probe into fund flows at RCom, Reliance Telecom and Reliance Telecom Infrastructure has examined related-party transactions, apparent evergreening of loans and seemingly preferential dealings with entities at which a few Reliance Group employees were directors. The Reliance Group was formerly known as the Anil Dhirubhai Ambani Group. (BL). |
Corporate Quarterly Earnings |
TCS' INR revenue grew by 0.4% qoq and 11.4% yoy to Rs38,172cr. Constant currency (cc) revenue grew by 10.6% yoy and dollar revenue came in at USD5,485mn (+1.6% qoq and +8.6% yoy). EBIT stood at Rs9,220cr, down 3.3% qoq. EBIT margin contracted by 94bps qoq and 88bps yoy to 24.2%. PAT grew by 0.1% qoq and 10.8% yoy to Rs8,131cr. (BS). |
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Economy and Sector News |
Ather Energy, a six-year-old manufacturer of smart electric scooters, is drawing up plans to set up a new manufacturing unit in South India involving an investment of $50-100 million in the next few years. In more news, Hyundai Motor India (HMIL) on Tuesday launched the country’s first fully electric sports utility vehicle (SUV) — Kona Electric — priced at Rs.25.30 lakh (ex-showroom across India). (BL). |
German chemical giant BASF issued a profit warning. BASF has cut its full-year forecast and also warned that profits may fall by as much as 47% in the second quarter of the calendar year 2019, citing the US-China trade war and weakness in the automobile sector, as per media reports. (ET).
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The strong monsoon over North India may have helped cut down rain deficit to 17 per cent for the country as a whole till date on Tuesday, but it tends to mask the persisting deficit in the South. (BL). |
Weak growth prospects for India will complicate the government’s fiscal consolidation efforts, weighing on the sovereign’s credit quality, Moody’s Investors Service said on Tuesday. The 2019-20 Budget presented in Parliament last week projected to contain fiscal deficit at 3.3 per cent of GDP, lower than 3.4 per cent estimated in the interim Budget. It also projected a more gradual decline in government debt. (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 finished mixed on Tuesday ahead of a potentially key testimony from Federal Reserve chief Jerome Powell scheduled for the next day. The Dow Jones Index closed at 26,783,
down 22.65 points by 0.08%. The Standard & Poors 500 index closed at 2,980, up 3.68 points by 0.12%. The Nasdaq Composite Index closed at 8,142, up 43.35 points by 0.54%.
FTSE 100
UK markets on Tuesday were cushioned from the worst retail sales data on record even as investors waited on a potentially key speech from the head of the US Federal Reserve scheduled for the next day. The FTSE 100 index closed at 7,536, down 12.80 points by 0.17%. |
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Global Indices |
09/07/2019 |
Clsg |
Chg% |
Dow Jones |
26,783 |
-0.08 |
NASDAQ |
8,142 |
+0.54 |
FTSE 100 |
7,536 |
-0.17 |
Bovespa |
104,530 |
+0.42 |
10/07/2019 |
Latest
(6:38AM IST) |
Chg% |
Nikkei |
21,540 |
-0.11 |
Hang Seng |
28,116 |
-0.76 |
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Nikkei
Asian shares inched ahead on Wednesday while higher Treasury yields lifted the dollar as markets wondered if the world’s most powerful central banker would confirm or confound expectations for U.S. policy easing this month. Nikkei is currently trading at 21,540, down 24.70 points by 0.11%.
Precious Metals
The dollar’s gains took the shine off gold, which eased 0.3% to $1,393.14 per ounce on Wednesday .
Base Metals
Base metals prices on the London Metal Exchange were mostly directionless in afternoon trading on July 9 due to a stronger dollar index, up 0.13 to 97.50.
Crude Oil
Oil prices gained more than 1% in early trade on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply. |
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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual
Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity
Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C.
Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/
its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies
being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates
or Research analysts have no material conflict of interest, have not received any compensation/benefits for any
reason (including investment banking/merchant banking or brokera3ge services) from either the companies concerned/third
parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have
neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making
activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12
months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
have not served as an officer/director or employee of the companies being covered.
Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and
it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any
loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To
enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not
be treated as endorsement of the views expressed in the report. |
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