Morning Notes
15th Oct, 2019
 

Trading Range:

Nifty opened gap up at 11336 on Monday and made a high and low of 11420 and 11290 respectively before closing positive at 11341.

Review/Outlook:

For the day, support for Nifty exists at 11270 and 11190 levels whereas resistance for Nifty stands at 11380 and 11420 levels.

Review/Outlook:

Bank Nifty opened gap up at 28239, made a high of 28553, low of 28043, and closed positive at 28153. For the day, support for Bank Nifty exists at 27900 and 27700 levels whereas resistance for Bank Nifty stands at 28400 and 28600 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,214 +0.23
Nifty 11,341 +0.32
BSE 200 4,726 +0.33
BSE Midcap 13,841 +0.44
BSE Smallcap 12,788 +0.12
Dow Jones 26,787 -0.11
NASDAQ 8,048 -0.10
 

DERIVATIVES INDICATORS FOR OCT 15, 2019:

NIFTY 11341.15 (+36.10) (+0.32%)
NIFTY OCT FUTURE 11336.60 (4.85 Points Discount)
NIFTY PCR - OI 1.18(+0.04)
NIFTY OPEN INTEREST 1.56Cr. (-1.74%)
INDIA VIX 17.43 (+1.69%)
NIFTY ROLLOVER 8%

NIFTY OPTIONS ACTIVITY (31-OCT SERIES)

CALL 11300 CE -0.38 lac Shares
CALL 11500 CE -0.32 lac Shares
PUT 11200 PE -2.46 lac Shares
PUT 11300 PE +1.93 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,846 +1.63
Bankex 31,854 +0.38
PSU 6,513 +0.74
Healthcare 12,258 +0.87
IT 15,326 -0.90
 
Market Turn Over (`cr)
Index 14/10 11/10
BSE Cash 2,869 2,370
NSE Cash 33,826 37,369
NSE F&O 852,895 949,607
BSE Delivery % 48.51 52.65
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 68.32 31.68
BSE 200 67.16 32.84
BSE 500 55.00 44.60
Total BSE 44.62 47.37
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 53.49 -0.19
Gold Rs./ 10 Gms 38226.00 +1.01
Silver Rs./ Kg 45804.00 +1.40
Rs.- US $ 71.31 +0.54
Rs.- Euro 78.62 +0.49
FII (Rs cr )
14/10* 11/10*
FIIs -568.12 -79.82
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       58,241.00       4,148.98       45,973.00       3,174.19    1,61,917.00     12,835.10     974.79
Index Options  25,62,970.00  1,74,906.35  25,57,231.00  1,74,314.93    7,35,126.00     57,559.94     591.42
Stock Futures    2,25,376.00     11,827.62    2,16,989.00     11,575.65  15,47,135.00     88,773.95     251.97
Stock Options       81,037.00       4,541.50       81,374.00       4,642.74       83,316.00       4,549.13    (101.24)
Total  29,27,624.00  1,95,424.45  29,01,567.00  1,93,707.51  25,27,494.00  1,63,718.12  1,716.94
Corporate News
Mahindra Truck and Bus (MTB) on Monday announced it is on course for the transition to BS-VI emission norms, set to be enforced from April 1, 2020. The move is aimed at mitigating the challenges faced by customers as the commercial vehicle (CV) industry is already grappling with a downturn, it said. (BL).
ExxonMobil India LNG Ltd has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Ltd (IOC) to spread the reach of natural gas beyond existing pipeline networks. (ET).
The National Company Law Appellate Tribunal (NCLAT) has asked JSW Steel to put its plan of paying Rs 19,700 crore for Bhushan Power and Steel on hold, till clarity emerges. (BL).
French oil and gas giant Total S A has acquired a 37.4% stake in Adani Gas Ltd, the listed gas unit of the diversified Adani Group, for Rs.6,155 crore as it bets big on India’s shift towards a gas-based economy to address climate change concerns by using cleaner and greener fuels. (ET).
The Power business of Larsen & Toubro (L&T) has operationalised two thermal power units of 660 MW each at NTPC’s Khargone Super Thermal Power project in Madhya Pradesh and Tanda Thermal Power Station in Uttar Pradesh. (ET).
Ratan Tata, Chairman Emeritus of Tata Sons, has agreed to invest an undisclosed amount in Pune-based electric vehicle start-up Tork Motors. (BL).
Granules India Ltd (GIL) announced its intention to divest its entire equity shareholding in Granules Biocause Pharmaceuticals Co. Ltd. by selling its stake to joint venture partner. (ET).
Morepen Labs has added three new drugs Rivaroxaban (cardiac segment), Vildagliptin (diabetes segment) and UDCA (for liver ailments) to its Active Pharmaceutical Ingredients (API) portfolio, according to a press statement released by the company. Commercial launch of all three drugs was announced by the company and it said that supplies will commence soon. (ET).
Private sector lender Yes Bank on Monday offloaded 6.56 per cent stake in leading hospital chain Fortis HealthcareNSE -3.80 % for a little over Rs 645 crore through an open market transaction. After the sale, the lender now holds just 1,850 shares in the hospital chain, latest shareholding data available with the BSE showed. According to the bulk deal data on the exchange, the lender sold 4,95,19,990 shares amounting to 6.559 per cent stake of Fortis. The shares were offloaded at an average price of Rs 130.27, valuing the transaction size at Rs 645.09 crore. (BS).
Mortgage major HDFC on Monday announced a 0.10 percentage points reduction in its floating rates, joining a growing list of lenders which are revising down their loan prices. The move, applicable for both new as well as existing borrowers, brings down its lending rate to 8.25 percent for the salaried borrowers to the lowest bracket and at 8.65 percent on the upper end. (BL).
Dewan Housing Finance Corporation (DHFL) has denied on reports of selling its entire Rs35,000cr wholesale book to Oaktree Capital. (ET).
Moody's Investors Service has downgraded the corporate family rating (CFR) and the foreign-currency senior secured rating of Indiabulls Housing Finance Limited (Indiabulls) to B2 from Ba2. In addition, Moody's has downgraded Indiabulls' foreign and local currency senior secured MTN program ratings to (P)B2 from (P)Ba2. The outlook on all ratings, where applicable, remains negative. (BL).
Quarterly Earnings
Hindustan Unilever on Monday posted a 21 per cent year-on-year (YoY) rise in net profit at Rs 1,848 crore after incorporating the reduction in corporate tax rate. Excluding corporate tax rate benefit, the profit figure came in at Rs 1,832 crore, up 20 per cent. The firm had reported a PAT of Rs 1,525 in the corresponding quarter last year. The revenue for the quarter ended September 2019 stood at Rs 9,852, up 6.69 per cent YoY over Rs 9,234 crore in the same quarter last year. (BL).
Economy and Sector News
Engineering and construction consultants, Thyssenkrupp Industrial Solutions (India), on Monday said the company has entered into a contract with Nayara Energy to provide project management consultancy services for Nayara Energy’s upcoming petrochemical units in Vadinar, Gujarat. In more news, Reliance Industries will pay for Venezuelan crude oil via exports of diesel in a barter arrangement as it resumed taking supplies from the US sanctions-hit Latin American nation after a gap of four months. (BL).
With prices going up much faster in rural area than urban area, rate of retail inflation inched up to 3.99 per cent in September, the highest after July 2018. Most worrying part is that food inflation doubled in the month of September to 5.11 per cent from 2.99 per cent in August. This is highest since August 2016. Meat and fish as well as vegetables prices created a hole in consumer pockets. According to data released by Ministry of Statistics and Progremme Implementation (MOSPI), rate of retail inflation as represented by Consumer Price Index (CPI) rose to 3.99 per cent from 3.28 per cent. Rate of retail inflation in urban area was 4.78 per cent as against 4.49 per cent. However, rural area saw sharp rise in retail inflation with rate jumped to 3.24 per cent from 2.25 per cent in August. Wholesale prices based inflation eased to 0.33 per cent in September, as against 1.08 per cent in August due to fall in prices of non-food articles, government data showed on Monday. The annual rate of inflation, based on monthly wholesale price index (WPI), was at 5.22 per cent in September 2018. (ET).
Investments in India’s energy sector are among the highest in the world, according to Minister for Petroleum and Natural Gas, Dharmendra Pradhan. (BL).
Rating agency Ind-Ra has revised the outlook for road sector to stable-to-negative from stable for the remaining part of 2019-20 fiscal, due to subdued funding climate, economic growth-led deceleration in traffic volumes and uncertainty on the bidding model. (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 slightly on Monday following a report that revealed China wanted to hold further discussions with the US before signing Donald Trump's so-called "phase one" trade deal. The Dow Jones Index closed at 26,787, down 29.23 points by 0.11%. The Standard & Poors 500 index closed at 2,966, down 4.12 points by 0.14%. The Nasdaq Composite Index closed at 8,049, down 8.39 points by 0.10%.

FTSE 100

UK markets dipped on Monday as optimism over a trade deal between the US and China faded a bit, with worries about Brexit and uninspiring Chinese data also weighing on investor sentiment. The FTSE 100 index closed at 7,213, down 33.63 points by 0.46%.

 
 
Global Indices
14/10/2019 Clsg Chg%
Dow Jones 26,787 -0.11
NASDAQ 8,049 -0.10
FTSE 100 7,213 -0.46
Bovespa 104,302 +0.45
15/10/2019 Latest
(5:12AM IST)
Chg%
Nikkei 21,798 +1.15
Hang Seng 26,521 +0.81

Nikkei

Asian stocks started trading early in the morning on Tuesday on a positive note as investors will be watching the US markets very closely. Nikkei is currently trading at 21,798, up 246.89 points by 1.15%.

Precious Metals

Gold futures rose Monday to post their first gain in three sessions, finding support as the so-called “phase one” of the U.S.-China trade deal reportedly hit a snag and after the U.S. Federal Reserve announced last week that it will start expanding its balance sheet next week.

Base Metals

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Monday October 14, falling by more than 4% over the afternoon against high turnover while the majority of the base metals complex followed that downtrend.

Crude Oil

Oil futures lost around 2% on Monday, giving back much of their gains from last week, as China has reportedly asked for more talks with the U.S. before signing “phase one” of a trade deal that President Donald Trump announced on Friday.

 
 
 

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