Morning Notes
16th Jul, 2019
 

Trading Range:

Nifty opened gap up at 11615 on Monday and made a high and low of 11618 and 11532 respectively before closing positive at 11588.

Review/Outlook:

For the day, support for Nifty exists at 11520 and 11450 levels whereas resistance for Nifty stands at 11640 and 11710 levels.

Review/Outlook:

Bank Nifty opened gap up at 30689, made a high of 30696, low of 30334, and closed negative at 30446. For the day, support for Bank Nifty exists at 30200 and 30000 levels whereas resistance for Bank Nifty stands at 30600 and 30800 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,897 +0.41
Nifty 11,588 +0.31
BSE 200 4,837 +0.22
BSE Midcap 14,465 -0.61
BSE Smallcap 13,689 -0.63
Dow Jones 27,359 +0.10
NASDAQ 8,258 +0.17
 

DERIVATIVES INDICATORS FOR JUL 16, 2019:

NIFTY 11588.35 (+35.85) (+0.31%)
NIFTY JUL FUTURE 11579.20  (9.15 Points Discount)
NIFTY PCR - OI 1.20(+0.05)
NIFTY OPEN INTEREST 1.98Cr. (-0.90%)
INDIA VIX 12.02 (+0.19%)
NIFTY ROLLOVER 17%

NIFTY OPTIONS ACTIVITY (25-JUL SERIES)

CALL 11600 CE +0.37 lac Shares
CALL 11700 CE -0.66 lac Shares
PUT 11400 PE +3.92 lac Shares
PUT 11300 PE +4.53 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,322 +0.29
Bankex 34,256 -0.46
PSU 7,441 -0.70
Healthcare 13,012 +0.69
IT 15,635 +3.53
 
Market Turn Over (`cr)
Index 15/07 12/07
BSE Cash 1,670 1,780
NSE Cash 29,544 33,225
NSE F&O 772,268 756,685
BSE Delivery % 45.78 43.39
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 45.54 54.46
BSE 200 41.79 58.21
BSE 500 34.33 65.07
Total BSE 32.81 61.34
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 59.23 -0.59
Gold Rs./ 10 Gms 34882.00 -0.07
Silver Rs./ Kg 38625.00 +0.61
Rs.- US $ 68.54 -0.04
Rs.- Euro 77.19 -0.12
FII (Rs cr )
15/07* 12/07*
FIIs -722.52 -176.81
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       25,467.00       1,870.29       21,703.00       1,607.05    2,43,515.00     19,929.49     263.24
Index Options  21,52,757.00  1,48,874.19  21,43,321.00  1,48,168.81    5,65,421.00     45,453.66     705.38
Stock Futures    1,68,205.00     10,299.84    1,60,563.00       9,622.06  13,85,739.00     87,392.47     677.78
Stock Options       92,012.00       5,798.45       92,819.00       5,855.83       69,004.00       4,139.24      (57.39)
Total  24,38,441.00  1,66,842.76  24,18,406.00  1,65,253.76  22,63,679.00  1,56,914.86  1,589.00
Corporate News
With the electric-vehicle (EV) industry expected to vroom with support from the government’s new policies, Hero Electric said it will expand its manufacturing base with a plant in the South over the next two years. (BL).
The lenders of Essar Steel have told the Supreme Court that the National Company Law Appellate Tribunal (NCLAT) has misconstrued and misinterpreted the provisions of the Insolvency and Bankruptcy Code (IBC) to such an extent that the statute itself has been literally rewritten. (ET).
The Centre is considering a plan to spin off the gas transmission business of GAIL India Ltd., the nation’s largest gas utility, into a separate unit, according to people with knowledge of the matter. (BL).
State-owned power giant NTPC Monday raised Rs.4,300 crore through bonds, which would be used for capital expenditure and general corporate requirement. (ET).
State-owned BHEL on Monday said it has inked an agreement with Container Corporation of India (CONCOR) to set up a rail-based logistics terminal at Haridwar. In more news, the state-owned engineering firm BHEL on Sunday said it has bagged a Rs.100 crore order from NTPC for setting up a 25 MW floating solar photovoltaic power plant at Simhadri in Andhra Pradesh. (ET).
Natco Pharma on Monday said the US health regulator has completed the inspection of its Chennai facility, and it ended with zero observations. (BS).
Consumer health care and hygiene company Reckitt Benckiser (RB) on Monday announced its partnership with the Apollo Hospitals Group for the launch of ‘Arogya Rakshak’, a social healthcare programme focussed on school hygiene, health clinics and community nutritional centres. (BL).
Sun Pharma on Monday announced the launch of Ezallor Sprinkle capsules, used for treatment of elevated lipid disorders in people who have difficulty swallowing, in the US market. (ET).
Budget passenger carrier IndiGo on Monday said it will enhance its international connectivity by announcing six new flights. According to the airline, effective July 25 and August 5, IndiGo will launch daily non-stop flights connecting Delhi with Jeddah, and Mumbai with Kuwait. (BL).
Billionaire Gautam Adani-controlled Adani Port Special Economic Zone (APSEZ) is raising up to $650 million in another overseas bond sale, following up on its $750-million fund raise three weeks ago. (BL).
Commercial vehicle maker Ashok Leyland on Monday said that owing to the "weak demand and outlook for the industry", it will close its Pantnagar plant in Uttarakhand for 9 days. (BL).
Aditya Birla Fashion and Retail Ltd said in a press note that the 'ABFRL Acquisition Committee' of the company has approved a strategic partnership with India's leading designers 'Shantanu & Nikhil' by way of acquisition of 51% stake in 'Finesse International Design Private Limited' ('Finesse'). (ET).
Corporate Quarterly Earnings
Tata Metaliks on Monday said its profit after tax (PAT) fell by over 35 per cent to Rs 19.62 crore during the quarter ended June 30, 2019. The company clocked Rs 30.39 crore PAT in the year-ago period, Tata Metaliks said in a BSE filing. Total income was however higher at Rs 503.43 crore as compared to Rs 469.02 crore in April-June 2018. (BL).
Fast-moving consumer goods firm Bajaj Consumer Care Monday reported 8.89 per cent increase in its consolidated net profit at Rs 56.7 crore for the quarter ended June 30, 2019. It had reported a net profit of Rs 52.07 crore in the year-ago period. Bajaj Consumer Care's total income in the quarter under review stood at Rs 246.7 crore, up 9.96 per cent against Rs 224.34 crore in the same period last year. (ET).
Economy and Sector News
Barring a last-minute hitch, Manipal Hospitals is all set to acquire one of the leading hospital chains in the country, Medanta, for Rs.5,500-6,000 crore with almost all the hurdles having been cleared for the takeover, including necessary due diligence of the healthcare major. In more news, Shriram Transport Finance Company (STFC) plans to raise up to ₹10,000 crore by issuing secured redeemable non-convertible debentures (NCDs). (BL).
India's imports declined to their lowest level in four months in June to $40.29 billion, down 9% from a year ago, indicating weakening consumption in Asia's third largest economy, economists said. The Indian economy grew at 5.8% in the January-March period, a five-year low, hurt by weak consumption and tepid private investment. The latest data added to fears that the economy may have slowed further in April-June. In more news, India’s exports contracted 9.71 per cent in June 2019 (year-on-year) to $25.01 billion, the first fall this fiscal, as outbound shipments of major items such as petroleum products, gems & jewellery, readymade garments, engineering goods and cotton yarn fabric took a hit. (ET).
The country's total steel exports fell 34 per cent in 2018-19 to 6.36 million tonne (MT) compared to the preceding fiscal, Parliament was informed Monday. In more news, GST collection of states and union territories (UTs) has increased to Rs 5.18 lakh crore in the full financial year 2018-19, up from Rs 2.91 lakh crore collected in nine months of 2017-18, Finance Minister Nirmala Sitharaman said on Monday. The Centre has also released Rs 81,177 crore compensation to states during 2018-19, as against Rs 48,178 crore during July-March period of 2017-18 fiscal, she said. (BL).
The securitisation market clocked the highest issuance volumes seen in the first quarter of any financial year at Rs.50,300 crore in the April-June (Q1) 2019 quarter, recording a 56 per cent year-on-year (y-o-y) jump over the same period in the previous fiscal, according to credit rating agency ICRA. In more news, even as consumer inflation is up, producers’ inflation has came down. The producers’ inflation, which ia also known as factory inflation and is represented by the rate of wholesale price index (WPI), came down to little over 2 per cent in the month of June. (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 in the green on Monday, having surged to new highs during the previous week after Federal Reserve chairman Jerome Powell hinted that an interest rate cut could be on the horizon. The dollar retreated for a third day. The Dow Jones Index closed at 27,359, up 27.13 points by 0.10%. The Standard & Poors 500 index closed at 3,014, up 0.53 points by 0.02%. The Nasdaq Composite Index closed at 8,258, up 14.04 points by 0.17%.

FTSE 100

UK markets ticked higher on Monday as investors mulled mixed Chinese economic data and the start of the US second quarter earnings season as banking giant delivered a solid score card for the three months to June. The FTSE 100 index closed at 7,532, up 25.75 points by 0.34%.

 
 
Global Indices
15/07/2019 Clsg Chg%
Dow Jones 27,359 +0.10
NASDAQ 8,258 +0.17
FTSE 100 7,532 +0.34
Bovespa 103,803 -0.10
16/07/2019 Latest
(7:03AM IST)
Chg%
Nikkei 21,596 -0.42
Hang Seng 28,555 +0.29

Nikkei

Asian shares inched up on Tuesday as traders awaited U.S. retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut by the end of the month. Nikkei is currently trading at 21,596, down 91.35 points by 0.42%.

Precious Metals

Gold was slightly higher, with spot gold trading at $1,414.32 per ounce on Tuesday.

Base Metals

The three-month tin price on the London Metal Exchange fell by 2% at the close of trading on Monday July 15, dipping below the nearby $18,000 per tonne support level despite a predominantly positive trading session for the rest of the complex.

Crude Oil

Oil prices, which had risen amid concerns over the impact of a tropical storm on U.S. Gulf Coast production, eased on signs any impact would be short lived, and as slowing Chinese growth drove a reassessment of the outlook for crude demand on Tuesday.

 
 
 

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