Morning Notes
08th Nov, 2019

Trading Range:

Nifty opened gap up at 12021 on Thursday and made a high and low of 12021 and 11947 respectively before closing positive at 12012.


For the day, support for Nifty exists at 11940 and 11880 levels whereas resistance for Nifty stands at 12060 and 12110 levels.


Bank Nifty opened gap up at 30723, made a high of 30821, low of 30463, and closed flat to positive at 30633. For the day, support for Bank Nifty exists at 30400 and 30000 levels whereas resistance for Bank Nifty stands at 30800 and 31100 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,654 +0.45
Nifty 12,012 +0.38
BSE 200 5,027 +0.46
BSE Midcap 14,848 +0.69
BSE Smallcap 13,546 +0.54
Dow Jones 27,675 +0.66
NASDAQ 8,435 +0.28


NIFTY 12012.05 (+46.00) (+0.38%)
NIFTY NOV FUTURE 12047.95 (35.90 Points Premium)
NIFTY PCR - OI 1.48(+0.04)
NIFTY OPEN INTEREST 1.69Cr. (+2.78%)
INDIA VIX 15.20 (-3.60%)


CALL 12100 CE +0.88 lac Shares
CALL 12300 CE +1.43 lac Shares
PUT 11900 PE +2.45 lac Shares
PUT 12000 PE +1.56 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,462 -0.26
Bankex 34,616 +0.18
PSU 7,094 -0.76
Healthcare 13,316 +0.64
IT 15,475 +0.43
Market Turn Over (`cr)
Index 07/11 06/11
BSE Cash 2,597 2,805
NSE Cash 40,559 40,355
NSE F&O 2,863,648 1,554,052
BSE Delivery % 47.65 41.83
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 57.43 42.57
BSE 200 61.69 38.31
BSE 500 56.60 42.40
Total BSE 48.65 44.37
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.04 -0.19
Gold Rs./ 10 Gms 37575.00 -1.76
Silver Rs./ Kg 44168.00 -3.26
Rs.- US $ 71.31 +0.39
Rs.- Euro 78.81 +0.25
FII (Rs cr )
07/11* 06/11*
FIIs +1261.87 +398.99
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       46,987.00       3,541.18       44,419.00       3,213.26    1,90,895.00     16,351.26     327.92
Index Options  74,62,840.00  5,00,644.90  74,35,590.00  4,98,540.11    5,64,791.00     47,581.99  2,104.79
Stock Futures    2,32,618.00     12,890.33    2,31,914.00     12,700.04  15,16,942.00     90,332.33     190.29
Stock Options       99,194.00       5,645.81       99,014.00       5,633.99       67,474.00       3,972.94       11.82
Total  78,41,639.00  5,22,722.22  78,10,937.00  5,20,087.40  23,40,102.00  1,58,238.52  2,634.82
Corporate News
Kesoram Industries Ltd, a BK Birla group company, is hopeful of getting the National Company Law Tribunal’s (NCLT) final nod soon for demerging its tyre business. The demerged entity is likely to come into effect by early January. (BL).
After US pharma major Abbott reported that it’s artificial pumping device used in patients during heart surgery is facing technical issues, US Food and Drug Administration (US-FDA) has labelled it a Class I recall, which is the most serious type of recall. (ET).
Fast moving electrical goods maker Havells India has forayed into the air-purifier segment, in a bid to grab a market share in the fast-growing segment. The company said it aims to become among the top three players in the air-purifier segment in the next three years. (BL).
The Board of Directors of Adani Transmission have approved issuance of US Dollar denominated foreign currency bonds up to $500 million. In a statement to the exchanges, Adani said that these Dollar-denominated foreign currency bonds will be issued on a private placement basis in one or more tranches abroad. It may also look at listing it in any of the stock exchanges in India or overseas. The proceeds of the Bonds will be used for refinancing purposes. Further, the Board also approved buyback of existing Non-convertible Debentures (NCDs) and (Masala Bond of Rs.2,290 crore in one or more tranches. (ET).
The Bombay High Court has restrained Dewan Housing Finance Corporation promoters Dheeraj Wadhawan and Kapil Wadhawan from leaving the country until further orders. (BS).
Hero MotoCorp, on Thursday launched the first BS-VI motorcycle – Splendor iSmart – priced at Rs.64,900 (ex-showroom, New Delhi), higher by more than Rs.12,000 from the existing BS-IV model through this channel. (ET).
Raymond will be in focus as spun off its branded lifestyle business into a separate entity as part of a restructuring plan. The company’s lifestyle business, which comprises branded textiles, branded apparel and garments, would be separately listed on the bourses after the demerger, the textile maker said in an exchange filing. Every shareholder of Raymond Ltd will be issued the shares of the new company in the ratio of 1:1. Besides, the company also plans to “fully reduce debt” by issuing equity to JK Investo Trade (India) Ltd., its associate firm. Raymond announced the allotment of equity shares and compulsorily convertible preference shares to JKIT at a price of Rs 674 per share aggregating to rupees Rs 350 crore. (BQ).
MSCI India: Addition: Berger paint, colgate, DLF, HDFC AMC, ICICI pru life, Info edge, SBI life Insurnace, Siemens and Deletion: Glenmark Pharma, Indiabulls housing Finance, Vodaphone, Yes Bank. (BQ).
Quarterly Earnings
Realty major DLF on Thursday reported a 19 per cent increase in consolidated net profit at Rs 445.85 crore for the second quarter of this fiscal year. The company's net profit stood at Rs 374.74 crore in the year-ago period. Total income, however, fell to Rs 1,940.05 crore in the July-September quarter of 2019-20 as against Rs 2,304.9 crore in the corresponding period of the previous year, DLF said in a regulatory filing. (BL).
Indraprastha Gas Ltd, the city gas distributor in the national capital and adjoining cities, on Thursday reported more than doubling of its September quarter net profit on lower tax rate and rise in gas sales. Net profit in July-September at Rs 380.72 crore was 103 per cent higher than Rs 187 crore in the corresponding quarter in the last fiscal. Total gross sales value registered a growth of 19 per cent in the quarter to Rs 1,866 crore. (BS).
Travel services provider Thomas Cook (India) Ltd on Thursday reported a consolidated net profit of Rs 4.26 crore in the second quarter ended September 30. The company had posted a consolidated net loss of Rs 6.25 crore in the same quarter last fiscal, Thomas Cook India said in a regulatory filing. Total income from operations stood at Rs 1,747.59 crore as compared to Rs 1,611.15 crore in the corresponding period of last fiscal, it added. (BL).
Aditya Birla Capital on Thursday posted a consolidated net profit of Rs 256 crore for the second quarter ended September, up 37 per cent from a year ago. The company had reported a profit of Rs 186 crore in the corresponding July-September period of the preceding fiscal. Its revenue grew 8 per cent to Rs 4,299 crore during the quarter under review as against Rs 3,978 crore in the same period of 2018-19, it said in a release. (ET).
London-listed Great Eastern Energy Corp Ltd (GEECL) on Thursday posted a 4.34 per cent fall in net profit in the first six months of the current financial year, on lower sales and price realisation. Net profit stood at USD 3.74 million in the April-September 2019 period, compared with a profit after tax of USD 3.91 million in the corresponding period a year ago. Its revenue dipped to USD 19.21 million in the first half of the current financial year from USD 20.71 million a year ago. Gas sales dropped to 10.91 million standard cubic feet per day (mmscfd) from 11.56 mmscfd last year. (BL).
GE Group company GE T&D India has reported a loss of Rs 81.08 crore for the quarter ended September 30. The company had posted a net profit of Rs 51.48 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing. Total income in the quarter dipped to Rs 832.13 crore from Rs 1,017.08 crore a year-ago. (BL).
Realty firm Puravankara reported a 27 per cent rise in consolidated net profit at Rs 27 crore for the second quarter of 2019-20. Earnings grew by 25 per cent to Rs 624 crore during July-Sep period of the current fiscal as against the corresponding period of the previous year. Collections for the quarter ended September 30, 2019, were Rs 421 crores; up 29% YoY. The company’s debt-equity ratio has come down to 1.38 as compared to 1.42 in the previous quarter. (BL).
United Breweries (UBL) on Wednesday reported profit decline of 30% at Rs 115.13 crore for the quarter ended September, impacted by severe monsoons across parts of the country, cost pressures and overall slowdown in the economy. The maker of Kingfisher reported a 7.6% increase in net sales in the second quarter at Rs 3589.6 crore. (BS).
Sun Pharma was back in black in the September quarter as it posted a consolidated profit of Rs 1,064.09 crore. For the quarter, two ANDAs were filed and seven approvals were received, Sun Pharama said. Additionally, the pipeline includes 54 approved NDAs while five NDAs await FDA approval. Domestic sales were Rs 2,515 crore, up 35 per cent over Q2 last year and accounted for 31.6 per cent of total consolidated sales. For the first half, sales were at 4,828 crores, up 20 per cent over the same period last year. Sales in the US were $339 million for the quarter, flat over the same period last year. The US business accounted for nearly a third of total consolidated sales. For the first half of this fiscal, sales were at $763 million recording a growth of 6 per cent over the same period last year. (ET).
Berger Paints India reported a 67.1% jump in consolidated net profit to Rs 194.66 crore for the second-quarter ended September 30, 2019. The company had posted a consolidated net profit of Rs 116.46 crore in the year-ago period. Consolidated revenue from operations (excluding GST) in the said quarter stood at Rs 1,598.58 crore, up by 7.2 % from Rs 1,490.06 crore in the same quarter of last fiscal, the company's media statement stated. (BL).
Power Grid Corporation of India on Thursday reported a 9.37 per cent year-on-year rise in standalone profit at Rs 2,527 crore for the quarter ended September 30. The state-run company had posted a profit of Rs 2,310.59 crore in the corresponding quarter last year. Revenue from operations increased 4.78 per cent to Rs 8,684.98 crore from Rs 8,289.01 crore in the same period last year. (BL).
Consumer electronics firm Whirlpool of India on Thursday reported 63.82 per cent increase in consolidated net profit at Rs 128.7 crore. The company had posted a consolidated net profit of Rs 78.56 crore in the year-ago quarter, Whirlpool of India said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 1,393.46 crore as against Rs 1,181.5 crore in the corresponding period last year, a growth of 17.94 per cent. (BS).
Hindustan Petroleum Corporation Ltd (HPCL) posted a profit of Rs 1,052 crore for the quarter to September, almost double that of Rs 564 crore profit reported by its much larger peer, Indian Oil Corporation (IOC), a variance in performance mainly attributable to the way the two companies managed their inventories. HPCL’s quarterly profit fell 3.7% from a year ago while that of IOC fell 83%. HPCL’s sales dropped 9.5% to Rs 66,165 crore, mainly because of lower product prices during the quarter. (ET).
Adani Transmission has reported a net profit of Rs 230 crore, a 156 per cent increase when compared to Rs 89.50 crore it posted in the year-ago period. After eliminating one-time interest income and revenue reversal, net of tax, of Rs 37 crore for the September-ended quarter, profit was up 82 per cent. (BL).
Economy and Sector News
The $8.3 billion energy and power electronics major Fuji Electric (FE) of Japan, which acquired Consul Neowatt, a UPS firm, a few months ago, has charted India 2.0 growth targeting a CAGR of 20 per cent over a period of five years, backed by a product and manufacturing expansion programme. (BL).
PMI Electro Mobility Solutions Pvt Ltd (PEMSPL) on Thursday said it plans to invest Rs.500 crore along with its Chinese partner Beiqi Foton Motor Co (Foton) for setting up an electric bus manufacturing plant at Pune in the next two to three years. (ET).
Garmin on Thursday launched its flagship series of watches the Fenix as it looks to expand its base in India. At a price of more than two Apple Watch 5, Garmin's fēnix 6 Pro Solar is targeted at hardcore adventure seekers who don't want to be bothered with charging the watch every other day. (BL).
The Punjab and Haryana High Court has permitted filing or revising Form TRAN I for transitional credit by November 30, 2019, irrespective of whether the form was filed, incorrectly filed or not filed at all. (ET).
India's Outlook Changes To Negative From Stable By Moody's. India Outlook Negative Due to Risks That Econ Growth Will Remain Lower Than in Past. Credit Crunch Among Non-Bank Financial Institutions Also Increases Probability of Entrenched Slowdown. (BQ).
* 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 rose to record highs on Thursday after the world's two largest economies reportedly agreed to remove existing trade tariffs, sparking a huge rotation into equities and out of bonds. The Dow Jones Index closed at 27,675, up 182.24 points by 0.66%. The Standard & Poors 500 index closed at 3,085, up 8.40 points by 0.27%. The Nasdaq Composite Index closed at 8,435, up 23.89 points by 0.28%.

FTSE 100

UK markets finished just above the waterline on Thursday, after the Bank of England kept interest rates on hold but with two dissenters, and a session which saw investors wading through a tsunami of corporate news and welcomed signs of progress in US-China trade relations. The FTSE 100 index closed at 7,406, up 9.76 points by 0.13%.

Global Indices
07/11/2019 Clsg Chg%
Dow Jones 27,675 +0.66
NASDAQ 8,435 +0.28
FTSE 100 7,406 +0.13
Bovespa 109,581 +1.13
08/11/2019 Latest
(5:02AM IST)
Nikkei 23,330 +0.11
Hang Seng 27,847 +0.57


Asian shares started trading early in the morning on Friday on a positive note as investors will be watching the US markets very closely. Nikkei is currently trading at 23,330, up 26.50 points by 0.11%.

Precious Metals

Gold futures dropped Thursday to post their lowest finish in three months and largest weekly percentage decline in more than a year.

Base Metals

The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday November 7, breaching the $6,000 per tonne resistance level just after the 5pm close for the first time since July, while the zinc futures price climbed by over 1%.

Crude Oil

Oil futures climbed on Thursday to recoup most of their losses from a day earlier, after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon.


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