Morning Notes
10th Jul, 2019

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.


For the day, support for Nifty exists at 11480 and 11400 levels whereas resistance for Nifty stands at 11620 and 11680 levels.


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.

Market Scan
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


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%)


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
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
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
Advances / Decines BSE Cash
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
Commodities, Forex & Debt
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
FII (Rs cr )
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.

Details Buy Sell Open interest at the
end of the day
Net Position
No. of
(Rs. Cr)
No. of
(Rs. Cr)
No. of
(Rs. Cr)
(Rs. Cr)
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)
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).
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).
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).
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
Global Markets

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%.

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)
Nikkei 21,540 -0.11
Hang Seng 28,116 -0.76


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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Dhiral Shah D: 91 22 2858 3211


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