Morning Notes
12th Jul, 2019
 

Trading Range:

Nifty opened gap up to at 11561 on Thursday and made a high and low of 11599 and 11519 respectively before closing positive at 11583.

Review/Outlook:

For the day, support for the Nifty exists at 11490 and 11440 levels whereas resistance for Nifty stands at 11630 and 11700 levels.

Review/Outlook:

Bank Nifty opened gap up at 30707, made a high of 30788, low of 30565, and closed positive at 30717. For the day, support for Bank Nifty exists at 30500 and 30200 levels whereas resistance for Bank Nifty stands at 30800 and 31000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,823 +0.69
Nifty 11,583 +0.73
BSE 200 4,833 +0.73
BSE Midcap 14,495 +0.56
BSE Smallcap 13,755 +0.41
Dow Jones 27,088 +0.85
NASDAQ 8,196 -0.08
 

DERIVATIVES INDICATORS FOR JUL 12, 2019:

NIFTY 11582.90 (+84.00) (+0.73%)
NIFTY JUL FUTURE 11582.05  (0.85 Points Discount)
NIFTY PCR - OI 1.25(+0.40)
NIFTY OPEN INTEREST 2.04Cr. (-3.57%)
INDIA VIX 12.47 (-8.54%)
NIFTY ROLLOVER 14%

NIFTY OPTIONS ACTIVITY (25-JUL SERIES)

CALL 11600 CE -2.13 lac Shares
CALL 11500 CE -2.99 lac Shares
PUT 11500 PE -1.49 lac Shares
PUT 11600 PE -1.43 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,261 +1.84
Bankex 34,537 +0.64
PSU 7,537 +1.06
Healthcare 12,859 +0.82
IT 15,051 +0.11
 
Market Turn Over (`cr)
Index 11/07 10/07
BSE Cash 1,973 2,079
NSE Cash 29,915 31,385
NSE F&O 1,943,857 1,287,147
BSE Delivery % 41.64 42.75
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 72.28 27.72
BSE 200 69.65 29.85
BSE 500 60.48 37.72
Total BSE 47.57 46.26
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 60.55 +0.58
Gold Rs./ 10 Gms 34701.00 -0.40
Silver Rs./ Kg 38113.00 -0.54
Rs.- US $ 68.55 +0.16
Rs.- Euro 77.22 +0.25
FII (Rs cr )
11/07* 10/07*
FIIs -459.66 -876.83
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       41,031.00       3,206.51       35,172.00       2,634.43    2,44,577.00     19,953.88     572.08
Index Options  36,87,419.00  2,47,594.69  36,62,848.00  2,45,730.17    5,03,494.00     41,027.11  1,864.52
Stock Futures    1,60,640.00     10,146.12    1,49,961.00       9,276.25  13,68,203.00     86,101.93     869.87
Stock Options       80,477.00       5,015.56       79,359.00       4,949.33       64,198.00       3,854.25       66.23
Total  39,69,567.00  2,65,962.88  39,27,340.00  2,62,590.18  21,80,472.00  1,50,937.17  3,372.70
Corporate News
The continuing slump in demand for commercial vehicles (CVs) is prompting top players Tata Motors and Ashok Leyland to temporarily shut their factories at Pantnagar, Uttarakhand, to avoid inventory build-up. (BL).
Disappointed with the ruling of the National Company Law Appellate Tribunal (NCLAT) in the Essar Steel case, its lenders are mulling various options such as moving the Supreme Court and seeking an amendment to the Insolvency and Bankruptcy Code (IBC). (ET).
JSW Steel is moving forward with its huge expansion plans despite the current slowdown and the near-term weakness in steel demand. (BL).
Tata Motors on Thursday reported a 5 per cent decline in global sales, including that of Jaguar Land Rover, to 95,503 units in June. It had sold 1,00,135 units in June last year. (ET).
Reliance Infrastructure Ltd’s 16 lenders have signed an inter-creditor agreement (ICA) in an effort to resolve its debt. An ICA provides the ground rules for the finalisation and implementation of a resolution plan (RP) for borrowers with credit facilities from more than one lender. (ET).
Reliance Power said on Thursday that the Rs 2,430-crore loan for its Samalkot project has been restructured and its maturity has been extended to June 2022. (BS).
Cash-strapped Dewan Housing Finance Corporation (DHFL) will be submitting a resolution plan (RP) to its lenders early next week.. (BL).
Stating that its growth plans will see it becoming the world’s largest zinc producer and among the top three silver producers, mining giant Vedanta Ltd on Thursday said it spent around Rs.10,000 crore in FY’19 on capital expenditure programmes. (ET).
About two months after launching novel anti-diabetic drug Remogliflozin etabonate (Remogliflozin) in India, global drug firm Glenmark Pharmaceuticals Ltd on Thursday inked an agreement with Indian pharma major Torrent Pharmaceuticals Limited to co-market the drug in the country. (BL).
Indian tycoon Anil Ambani plans to raise about Rs.21,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt. According to the spokesperson, the breakdown of asset sales would be - Reliance Infrastructure is seeking ₹9,000 crore from the sale of nine road projects, Reliance Capital aims to raise ₹1,200 crore by selling its radio unit, and ₹11,500 crore from monetizing its holdings in the financial business. (BL).
Shree Pushkar Chemicals and Fertilisers, a mid-sized dye, intermediates and fertiliser manufacturer, plans to invest ₹120 crore in setting up a solar park and enhancing its dye intermediates capacity. (BL).
Infrastructure company Larsen & Toubro (L&T) on Thursday said it has received ‘significant’ orders across various business segments in the domestic and international market. (ET).
Sembcorp Industries Ltd has raised its effective stake in its India energy arm, Sembcorp Energy India Ltd (SEIL), from 93.73 per cent to 94.05 per cent. (BL).
InterGlobe Aviation Ltd (IGAL) has clarified that the existence of Related Party Transactions (RPTs) were disclosed at the time of the IPO in 2015. (BL).
Corporate Quarterly Earnings
No Major Results.
Economy and Sector News
Kalyani Rafael Advanced Systems Ltd has secured a $100-million order from Rafeal of Israel to supply 1,000 Barak-8 MRSAM missile kits for the Indian Army and the Indian Air Force. In more news, The Centre has asked global warship makers to submit proposals to build six conventional submarines in India to boost local shipyard capability and plug gaps in the navy’s underwater warfare fleet. (BL).
Honda Cars India (HCIL) on Thursday introduced a new variant of its compact SUV WR-V priced at ₹9.95 lakh. The newly introduced V grade will be available in diesel engine option and has been positioned between the S and VX grades, HCIL said in a statement. (ET).
The renewable energy sector’s new capacity addition during the first quarter of this fiscal was higher at 2,151 MW when compared with the capacity addition of 1,541 MW in the year-ago quarter. Also, the June quarter of this fiscal saw total installed capacity of the Indian renewable sector cross 80 GW (80,000 MW), according to the Union Ministry of New and Renewable Energy (MNRE) data. In more news, The financial services sector, led by non-banking lenders and housing finance companies (HFCs), was the largest overseas borrower in April-May period of the the current financial year amid tight liquidity conditions in the domestic market. According to the RBI data on external commercial borrowings (ECBs), Indian corporates raised $6.7 billion in loans overseas (including via approval and automatic routes) in the first two months of FY20. Of the total borrowing, the share of financial sector stood at $3 billion or 45 per cent of the total ECBs. (BL).
According to the Association of Mutual Funds in India (AMFI), Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs24.25 lakh cr in June 2019 as against Rs25.94 lakh cr in May 2019 and Rs22.86 lakh cr in June 2018. AUM for the Income/Debt oriented category fell 12.92% MoM to Rs11.55 lakh cr. Meanwhile, AUM under the Equity category, including Equity Linked Savings Schemes or ELSS (including close-ended and interval schemes), came in at Rs7.58 lakh cr in June 2019, down 0.14% MoM but up 3.72% yoy. Quarterly Average Assets Under Management (QAAUM) at the end of Q1FY20 was Rs25.51 lakh cr, as against Rs24.48 lakh cr at the end of Q4FY19. (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 ended a bumper session with a bang on Thursday, with the Dow hitting a record high a day after Federal Reserve chairman Jerome Powell suggested the central bank was open to easing monetary policy in the near future. The Dow Jones Index closed at 27,088, up 227.88 points by 0.85%. The Standard & Poors 500 index closed at 2,999, up 6.84 points by 0.23%. The Nasdaq Composite Index closed at 8,196, down 6.49 points by 0.08%.

FTSE 100

UK markets turned in another mixed session on Thursday with the the Footsie weighed down by pound strength and amid increasing 'market chatter' around the possibility of a 'no deal' Brexit. The FTSE 100 index closed at 7,510, down 20.87 points by 0.28%.

 
 
Global Indices
11/07/2019 Clsg Chg%
Dow Jones 27,088 +0.85
NASDAQ 8,196 -0.08
FTSE 100 7,510 -0.28
Bovespa 105,146 -0.63
12/07/2019 Latest
(7:47AM IST)
Chg%
Nikkei 21,647 +0.02
Hang Seng 28,517 +0.30

Nikkei

Asian shares pulled back on Friday as worries over renewed Sino-U.S. trade tensions weighed on sentiment ahead of the release of June trade data from China, though expectations of a Federal Reserve rate cut later this month kept losses in check. Nikkei is currently trading at 21,647, up 4.34 points by 0.02%.

Precious Metals

Gold prices, dulled by the stronger-than-expected U.S. consumer inflation data, regained some of their shine on Friday. Spot gold XAU= last traded up 0.28% at $1,407.56 per ounce.

Base Metals

Lead’s three-month price on the London Metal Exchange was higher at the close of trading on Thursday July 11, climbing by around 2% through the day to approach the nearby resistance level at $2,000 per tonne, a threshold the metal has not surpassed since April this year.

Crude Oil

Oil prices picked themselves up on Friday after taking a tumble on Thursday, after the Organisation of the Petroleum Exporting Countries said it expected the world would need 29.27 million barrels per day (bpd) of crude oil from its members in 2020, 1.34 million bpd less than this year.

 
 
 

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