Morning Notes
10th Oct, 2019
 

Trading Range:

Nifty opened gap up at 11153 on Wednesday and made a high and low of 11322 and 11090 respectively before closing positive at 11313.

Review/Outlook:

For the day, support for Nifty exists at 11240 and 11170 levels whereas resistance for Nifty stands at 11370 and 11430 levels.

Review/Outlook:

Bank Nifty opened up at 27902, made a high of 28858, low of 27702, and closed positive at 27786. For the day, support for Bank Nifty exists at 27500 and 27200 levels whereas resistance for Bank Nifty stands at 28100 and 28400 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,178 +1.72
Nifty 11,313 +1.68
BSE 200 4,717 +1.59
BSE Midcap 13,869 +1.38
BSE Smallcap 12,796 +0.66
Dow Jones 26,346 +0.70
NASDAQ 7,904 +1.02
 

DERIVATIVES INDICATORS FOR OCT 10, 2019:

NIFTY 11313.30 (+186.90) (+1.68%)
NIFTY OCT FUTURE 11347.70 (34.40 Points Premium)
NIFTY PCR - OI 1.20(+0.24)
NIFTY OPEN INTEREST 1.56Cr. (-5.67%)
INDIA VIX 17.15 (-3.79%)
NIFTY ROLLOVER 7%

NIFTY OPTIONS ACTIVITY (31-OCT SERIES)

CALL 11400 CE -1.59 lac Shares
CALL 11500 CE -1.32 lac Shares
PUT 11200 PE +2.15 lac Shares
PUT 11100 PE +1.44 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,696 +1.41
Bankex 32,537 +3.67
PSU 6,531 +1.54
Healthcare 12,089 +0.94
IT 15,240 -0.92
 
Market Turn Over (`cr)
Index 09/10 07/10
BSE Cash 2,177 1,929
NSE Cash 35,672 30,789
NSE F&O 1,558,081 866,677
BSE Delivery % 33.91 36.31
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 83.17 16.83
BSE 200 77.61 22.39
BSE 500 63.67 35.73
Total BSE 45.98 47.42
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 52.39 -0.38
Gold Rs./ 10 Gms 38497.00 +0.30
Silver Rs./ Kg 46044.00 +0.37
Rs.- US $ 71.23 -0.06
Rs.- Euro 78.27 +0.20
FII (Rs cr )
09/10* 07/10*
FIIs -367.74 -877.54
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       66,704.00       4,593.82       70,732.00       4,760.61    1,50,869.00      12,167.42    -166.79
Index Options  50,72,041.00  3,28,965.87  50,70,618.00  3,28,746.25    7,43,677.00      57,914.51     219.62
Stock Futures    2,71,771.00     14,231.74    2,54,458.00     13,328.34  15,39,513.00      89,177.09     903.40
Stock Options       91,822.00       5,294.36       94,017.00       5,349.47       67,593.00        3,676.95     -55.11
Total  55,02,338.00  3,53,085.79  54,89,825.00  3,52,184.67  25,01,652.00   1,62,935.97     901.12
Corporate News
Coal India Ltd (CIL), which witnessed a 6-per cent drop in production at around 241 million tonnes (mt) during April-September, is hopeful of regaining its production tempo in the remaining part of the year. Torrential rainfall across locations affected the company’s coal production and off-take, particularly in September, said a press statement issued by the company. (BL).
Adani Ports and Special Economic Zone Ltd (APSEZ) plans to invest as much as Rs.48,933 crore to scale up its port at Dhamra in Odisha to handle 314 million tonnes (mt) of cargo. (ET).
Ashoka Buildcon on Wednesday said it has bagged a Rs 314 crore order for a project in Kerala. The project has to be completed in 24 months from the date of commencement of the work, the company said in a BSE filing. (BL).
MaxiVision Super Speciality Eye Hospitals has acquired Warangal-based Sharat Eye Care Hospital for an undisclosed sum. (ET).
PTC India Financial Services has sought renewed bids for the 300 MW Panan Hydropower Project as Himagiri Hydro Energy, which was awarded the project, has not been able to achieve financial closure. (ET).
The Gautam Singhania-owned Raymond Ltd has sold a 20-acre land parcel to Singapore-based Virtuous Retail South Asia, the retail arm of private equity firm Xander, for Rs.710 crore. (BL).
Glenmark Pharmaceuticals on Wednesday said it has received tentative nod from the US health regulator for dimethyl fumarate delayed-release capsules used for treating multiple sclerosis. The tentative nod granted by the US Food & Drug Administration (USFDA) to Glenmark Pharmaceuticals Inc, USA is for multiple strengths of dimethyl fumarate delayed-release capsules of 120 mg and 240 mg. (ET).
Tata Motors on Wednesday launched Tigor EV with an extended range to cater to both fleet and personal segment customers with price starting at Rs 9.44 lakh (ex-showroom Delhi after deducting government subsidies). (ET).
The lenders of Jet Airways have approved the settlement with Luckystar Property Holding, the owner of the Siroya Centre, a building that once was headquarters for the grounded carrier. Luckystar and the committee of creditors (CoC) were in talks since August, when the custodian of airways’ assets informed the National Company Law Tribunal (NCLT) that the airline was willing to vacate its headquarters and another office in Mumbai to resolve its disputes with Luckystar Property Holdings and mortgage lender HDFC Ltd. (BL).
Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA seen by Reuters, a move that could help Venezuela's state-run company drain its large oil inventories. The United States in January imposed the toughest sanctions yet on Venezuela's oil industry, depriving the OPEC-member nation of the main destination for its crude exports. (ET).
Johnson & Johnson said on Wednesday that a jury awarded $8 billion in punitive damages to a man who accused the drugmaker of failing to warn that young men using its antipsychotic drug Risperdal could grow breasts. (BS).
Economy and Sector News
Equity mutual funds witnessed a net inflow of around Rs6,489cr in September, the lowest in the last four months. According to the Association of Mutual Funds in India (AMFI), net inflow into equity and equity-linked schemes fell 28% over the previous month to Rs6,609cr in September, while there was an outflow of Rs120cr from close-ended equity plans, translating into a net equity inflow of Rs6,489cr in September. Besides, gold exchange-traded funds witnessed an infusion of Rs44cr against an inflow of Rs145cr in August. The outflow has pulled down the asset base of the MF industry, comprising 44 players, by 4% to Rs24.51 lakh cr in September-end from Rs25.47 lakh cr at End-August. (BL).
India has moved down 10 places to rank 68th on the annual global competitiveness index, largely due to improvements witnessed by several other economies. Singapore, meanwhile, has replaced the US as the world’s most competitive economy. India, which was ranked 58th in the annual Global Competitiveness Index, compiled by the Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71 this year). (ET).
After onion, retail price of tomatoes shot up to Rs.80 per kilogram in the national capital on Wednesday due to supply disruption caused by heavy rains in key growing states, including Karnataka. However, the price of onions has come down marginally compared to past week and is now hovering around Rs.60 per kg in the national capital. (BL).
Tea exports from India remained virtually stagnant in the first eight months of 2019 from January to August, according to Tea Board data. During the period from January to August 2019, tea exports stood at 162.18 million kilograms, as compared to 162.15 million kg in the same period last year, it said. Offtake by CIS countries, which figure among the top importers traditionally, are lower in the current eight months at 36.63 million kg as against 41.35 million kg registered during January to August 2018. The other major importing nation Iran showed a steep jump at 40.96 million kg during January to August 2019 as compared to 17.98 million kg in the previous eight months. (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 Wednesday as investors hoped for an easing of trade tensions between the U.S. and China, with high-level trade talks set to begin Thursday. The Dow Jones Index closed at 26,346, up 181.97 points by 0.70%. The Standard & Poors 500 index closed at 2,919, up 26.34 points by 0.91%. The Nasdaq Composite Index closed at 7,904, up 79.96 points by 1.02%.

FTSE 100

UK markets edged higher on Wednesday on the back of an improved news-flow ahead of this week's Sino-US trade talks, but analysts remained cautious. The FTSE 100 index closed at 7,166, up 23.35 points by 0.33%.

 
 
Global Indices
09/10/2019 Clsg Chg%
Dow Jones 26,346 +0.70
NASDAQ 7,904 +1.02
FTSE 100 7,166 +0.33
Bovespa 101,249 +1.27
10/10/2019 Latest
(7:20AM IST)
Chg%
Nikkei 21,512 +0.26
Hang Seng 25,564 -0.46

Nikkei

Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart on trade issues and were making no progress in deputy-level talks. Nikkei is currently trading at 21,512, up 56.33 points by 0.26%.

Precious Metals

Gold futures ended higher on Wednesday to post their first gain in four sessions, as traders kept an eye on U.S.-China tariff negotiations, developments around Brexit and economic data.

Base Metals

The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday October 9, remaining below the $5,700 per tonne resistance level amid thin volumes, while forward spreads in nickel tightened over the afternoon.

Crude Oil

Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand.

 
 
 

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